CI RESOURCES LIMITED (CII)



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General Information
Company Name: CI Resources Limited
Stock Code: CII
Website: www.ciresources.com.au
GICS Sub-Industry: Diversified Metals & Mining
Market Cap ($M): 55
Equiv. Shares (M): 73

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.740 $ 0.750 $ 0.750 $ 0.740 $ 0.750 6,400 $ -0.010  -1.333 %

Company Overview

Business Description:
CI Resources Limited (CII) has investment in portfolio of phosphate assets through interest in Phosphate Resources Limited and Xifeng International Pte Ltd. The company is involved in mining, processing and sale of phosphate rock, phosphate dust and chalk and providing earthmoving, fuel pilotage, maintenance and stevedoring services. It also run a palm oil estate and processes and sells palm oil products. CII operates in Australia and overseas.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2012  A 11.7 16.1 292.7 3.3 1.0 1.9 50.0
2011  A 3.0 4.1 -48.1 9.2 1.0 1.8 100.0
2010  A 5.7 7.9 -67.4 10.7 4.0 4.8 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F
BHP Billiton (BHP) $108,427 M -0.1359 -0.2169 0.2281 10.7192 13.6874 11.1456 0.0326 0.0355 0.0379
CI Resources (CII) $55 M 2.9388 -- -- 4.7176 -- -- 0.0132 -- --
Iluka Resources (ILU) $4,526 M -0.2536 -0.6688 1.4331 11.9805 36.1780 14.8693 0.0324 0.0129 0.0313
Rio Tinto (RIO) $23,827 M -0.3874 0.1601 0.2231 11.2943 9.7359 7.9598 0.0294 0.0344 0.0389
Sims Metal Management (SGM) $1,996 M -0.6378 -0.2450 1.9611 29.0169 38.4343 12.9799 0.0205 0.0108 0.0373

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth
CII 0.20 4.66 1.12 --
Market 1.13 13.2 0.92 2.50
Sector 0.56 8.96 0.71 1.83

Directors
Name Position Start Date
Mr David James Somerville Non-Executive Chairman 28 November 2008
Mr Lip Sin Tee Non-Executive Director 25 June 2007
Mr Lip Jen Tee Non-Executive Director 18 March 2011
Mr Adrian Gurgone Non-Executive Director 18 March 2011
Mr Kelvin Keh Feng Tan Non-Executive Director 07 June 2012
Mr Kamaruddin bin Mohammed Non-Executive Director 17 January 2013

Management
Name Position
Elizabeth Bee Hiang Lee Company Secretary

Substantial Shareholders
Holding Name
3,675,371 (5.04%) Poo Ah Lam
12,000,000 (16.47%) Keen Strategy Sdn Bhd
7,437,410 (10.21%) Destinasi Emas Sdn Bhd
14,566,876 (19.99%) Prosper Trading Sdn Bhd

Calendar of Events
Date Event
27 February 2014 Report (Interim)
30 September 2013 Report (Annual)
30 August 2013 Report (Prelim)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

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