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COKAL LIMITED (CKA)


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General Information
Company Name: Cokal Limited
Stock Code: CKA
Website: www.cokal.com.au
GICS Sub-Industry: Diversified Metals & Mining
Market Cap ($M): 68
Equiv. Shares (M): 411

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.165 $ 0.155 $ 0.170 $ 0.155 $ 0.165 1,515,853 0%

Current Broker Consensus Recommendation more
Recommendation: Buy
Recommendation Date: 8th Apr 2013
12 Month Target Price (average): $0.5
Brokers Surveyed: 1

Company Overview

Business Description:
Cokal Limited (CKA, formerly Altera Resources Limited) is a coal company which is developing coking coal assets in the Central Kalimantan coking coal basin in Indonesia. CKA also has a joint venture to explore for coal in Tanzania.

Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2012  A -6.3 -1.7 -- 0.0 0.0 0.0 --
2011  A -2.6 -1.4 -- 0.0 0.0 0.0 --
2010  A -0.8 -2.7 -- 0.0 0.0 0.0 --
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) $112,024 M -0.1359 -0.2135 0.2033 11.0748 14.0816 11.7023 0.0315 0.0332 0.0367
Cokal (CKA) $68 M -- -- -- -- -- -- 0.0000 -- --
Iluka Resources (ILU) $4,756 M -0.2536 -0.6745 1.6595 12.5900 38.6789 14.5436 0.0308 0.0131 0.0250
Rio Tinto (RIO) $24,010 M -0.3874 0.0912 0.2010 11.3810 10.4297 8.6839 0.0292 0.0336 0.0372
Sims Metal Management (SGM) $2,012 M -0.6378 -0.2349 1.9387 29.2545 38.2376 13.0119 0.0203 0.0110 0.0376

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
CKA -- -- 1.08 -- 1,650
Market 1.08 12.7 0.89 1.87 2.60
Sector 0.59 8.57 0.69 2.00 7.29

Directors
Name Position Start Date
Mr Peter Lynch Executive Chairman,Chief Executive Officer 24 December 2010
Mr Patrick Joseph Hanna Executive Director 24 December 2010
Mr Domenic Vincent Martino Non-Executive Director 24 December 2010

Management
Name Position
Victor H Kuss Chief Financial Officer,Joint Company Secretary
Chris Turvey Exploration and Resource Manager
Duncan P Cornish Joint Company Secretary

Substantial Shareholders
Holding Name
47,466,000 (11.55%) BlackRock Investment Management (Australia) Limited (formerly Barclays Global Investors Australia)
37,120,001 (9.03%) Domenic Vincent Martino & Sandra Gae Martino
25,000,000 (6.08%) Patrick Joseph Hanna
39,826,802 (9.69%) Passport Materials Master Fund LP
55,085,000 (13.40%) Peter Anthony Lynch & Laura Anne Lynch

Calendar of Events
Date Event
29 April 2014 Report (Quarterly)
30 January 2014 Report (Quarterly)
30 October 2013 Report (Quarterly)
19 September 2013 Report (Annual)
30 July 2013 Report (Quarterly)
© 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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