CuDeco Limited (CDU)

Welcome to InvestSMART

You are currently viewing our site as a guest, which gives you limited access to our site features. By signing up for a free membership, you will receive our Investment Opportunity newsletters and have access to additional features for finding and comparing managed funds and shares. Registration is fast and simple, so please:

Sign Up Today Ľ it's FREE! Already a member? Login now!

General Information
Company Name: CuDeco Limited
Stock Code: CDU
GICS Sub-Industry: Diversified Metals & Mining
Market Cap ($M): 396
Equiv. Shares (M): 235

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 1.680 $ 1.700 $ 1.705 $ 1.675 $ 1.695 111,016 $ -0.015  -0.885 %

Company Overview

Business Description:
CuDeco Limited (CDU) is a mining and mineral exploration company. CDU’s main focus is the Rocklands Group Copper Project in Cloncurry, Queensland.

Strategy Analysis:
2010 is a year that CUD would prefer to forget, with shares falling 48.85% on 18 August 2010 on the back of an updated resource estimate announcement. Its underlying strategy is to achieve maximum share value via the systematic exploration, discovery and delineation of the numerous defined mineralised occurrences evident at its large copper-cobalt-gold mineralisation at Rocklands. CDU have no intention of joint venturing or selling any equity in the Rocklands Project and intend to develop the deposit itself. CuDeco reported negative cash flow of $20.97m for the quarter ended 31 December 2012. Operating cash flow for the period was $(10.47m). Payments for exploration and evaluation were $(2.51m). Investing cash flow was $(10.31m). Financing cash flow was $(186,000). Cash in hand at the end of the quarter was $75.38m.

Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2013  A -4.0 -2.1 -625.0 0.0 0.0 0.0 --
2012  A 0.8 0.4 -- 778.5 0.0 0.0 --
2011  A -3.6 -2.5 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2011 A 2012 F 2013 F 2011 A 2012 F 2013 F 2011 A 2012 F 2013 F
BHP Billiton (BHP) $114,593 M 0.1223 -0.0527 0.2256 13.3433 14.0850 11.4923 3.60 3.90 3.99
CuDeco (CDU) $399 M -- -- -- -- -- -- 0.00 -- --
Iluka Resources (ILU) $3,517 M -0.6600 -0.7701 4.1191 27.3883 119.1489 23.2751 1.07 1.67 3.14
Rio Tinto (RIO) $27,008 M 0.5848 -0.2585 0.0251 8.0718 10.8855 10.6188 3.46 3.66 3.95
Sims Metal Management (SGM) $2,410 M 3.0215 1.1762 0.2786 34.9970 16.0819 12.5774 0.85 2.50 3.67

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
CDU -- -- 1.05 -- --
Market 0.94 15.7 1.29 1.73 1.56
Sector 0.71 11.7 0.71 0.98 5.00

Name Position Start Date
Mr Wayne Michael McCrae Executive Chairman 15 April 2002
Mr Peter Robert Hutchison Executive Director 01 December 2004
Mr Paul Keran Non-Executive Director 02 July 2007
Mr David John Edward Taylor Non-Executive Director 03 July 2009
Mr Gerald (Gerry) Adrian Lambert Non-Executive Director 27 April 2010
Mr Zhijun Ma Non-Executive Director 01 June 2011
Mr Hongwei Liu Non-Executive Director 04 April 2012
Mr Zhaohui (Tony) Wu Non-Executive Director 03 July 2013

Name Position
Kamlesh Ramdeo Commercial Manager
Bruno Bamonte Company Secretary
Wade Freeman Process Manager
Robert Brougham Project Manager

Substantial Shareholders
Holding Name
30,338,774 (14.80%) Oceanwide International Resources Investment Co. Ltd
26,620,528 (12.98%) New Apex Asia Investment Limited
10,933,333 (5.33%) Sinosteel Equipment & Engineering Co Ltd
10,370,906 (5.06%) Kaldig Pty Ltd

Calendar of Events
Date Event
30 July 2015 Report (Quarterly)
29 April 2015 Report (Quarterly)
17 February 2015 Report (Quarterly)
30 January 2015 Report (Quarterly)
31 October 2014 Report (Quarterly)
23 October 2014 Report (Annual)
© 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


Trade Shares Online from $19.95^
Free Guides

The SMH Guide to Powers of Attorney

Handing over, what if you need someone else to make decisions for you? There are times in your life when you can't fulfil your financial obligations personally.

More details...


Billionaires bankroll Ten's new direction Media Network sees digital future

The Age 19/12/2013 | Ten Network's programming ambitions will be funded by a $200 million loan guaranteed by three of its billionaire owners, as the free-to-air broadcaster declared digital was the future and pointed to early signs that its switch to an older market demographic was working.

Elders alleges $24m fraud in live cattle division

The Age 19/12/2013 | Troubled rural services group Elders is threatening to call in the police over an alleged $24 million fraud by a "handful of individuals" in its live cattle exports division.

Bega Cheese holds back in three-way bidding war for WCB

The Age 19/12/2013 | Bega Cheese began the battle for Warrnambool Cheese & Butter but three months on it appears to be the first casualty of the bidding war.

Aussie hampers transition

The Age 19/12/2013 | A persistently high Australian dollar is thwarting the Reserve Bank's efforts to ease the transition of the economy away from mining.

RBA keeps its focus on lower dollar

The Age 19/12/2013 | The Reserve Bank is keeping the door open to further interest rate cuts, but believes the "significant amount" of monetary policy easing over the past two years is already stimulating growth.

Pact's struggles weigh down Orora

The Age 19/12/2013 | The underwhelming sharemarket debut of packaging company Pact Group Holdings has weighed on the demerger of Amcor and its $2 billion Australasian packaging and distribution business Orora.


Sponsored Links