FEORE LIMITED (FEO)



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General Information
Company Name: Feore Limited
Stock Code: FEO
Website: www.feore.com
GICS Sub-Industry: Steel
Market Cap ($M): 24
Equiv. Shares (M): 529

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.046 $ 0.000 $ 0.000 $ 0.000 $ 0.046 0 0%

Company Overview

Business Description:
FeOre Limited (FEO) is a Bermuda domiciled mining company focusing on iron ore exploration and mine development in Mongolia. FEO's flagship project is the Ereeny Project, located in iron ore deposits in Mongolia.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2013  A -4.1 -0.8 -- 0.0 0.0 0.0 --
2012  A -5.1 -1.2 -- 0.0 0.0 0.0 --
2010  A 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 2012 F 2013 F 2010 A 2012 F 2013 F 2010 A 2012 F 2013 F
Arrium (ARI) $1,797 M 1.6728 -0.6547 -0.1346 1.5419 4.4655 5.1603 0.0379 0.0909 0.0758
BlueScope Steel (BSL) $3,515 M -- -- 0.4943 -- 31.1849 20.8693 0.0000 0.0000 0.0215
Feore (FEO) $25 M -- -- -- -- -- -- 0.0000 -- --
Fortescue Metals (FMG) $16,441 M 0.2056 0.8623 -0.0857 9.9062 5.3194 5.8182 0.0204 0.0431 0.0549
Independence Group (IGO) $929 M -0.7429 1.4502 0.4894 38.8672 15.8629 10.6503 0.0050 0.0163 0.0318

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
FEO -- -- 0.49 -- --
Market 1.23 14.0 0.95 1.03 3.17
Sector 0.86 12.3 0.68 0.72 5.00

Directors
Name Position Start Date
Mr Tie (Tim) Min Sun Non-Executive Chairman 20 September 2011
Ms Christina (Jun) Mu Non-Executive Director 05 August 2011
Mr Steven Hodgson Non-Executive Director 05 August 2013

Management
Name Position
George Chengma Wang Chief Executive Officer
Oyunbold Boldbaatar Deputy Manager of General Affairs Department of Taisheng Development LLC
Erdene-Undrakh Luuvannchig Head of Finance Department of Taisheng Development LLC
Dion Cohen Joint Company Secretary

Substantial Shareholders
Holding Name
28,880,415 (5.46%) Merchant Holdings Pty Ltd
31,574,205 (5.97%) Colville Management Ltd
34,380,801 (6.50%) Frountere Ltd
28,065,960 (5.30%) Kennewick Business Limited
28,065,960 (5.30%) Jumilia Ltd
31,574,205 (5.97%) Craddock Worldwide Company Ltd
31,293,546 (5.91%) Colfax Tradecorp Ltd

Calendar of Events
Date Event
18 February 2015 Report (Quarterly)
27 January 2015 Report (Quarterly)
29 October 2014 Report (Quarterly)
29 September 2014 Report (Annual)
18 July 2014 Report (Quarterly)
29 April 2014 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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