Gindalbie Metals Ltd (GBG)



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 » it's FREE! Already a member? Login now!


General Information
Company Name: Gindalbie Metals Ltd
Stock Code: GBG
Website: www.gindalbie.com.au
GICS Sub-Industry: Diversified Metals & Mining
Market Cap ($M): 37
Equiv. Shares (M): 1,495

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.025 $ 0.024 $ 0.026 $ 0.024 $ 0.024 734,685 $ 0.001  4.167 %

Current Broker Consensus Recommendation more
Recommendation: Hold (3)
Recommendation Date: 12th Nov 2014
Brokers Surveyed: 4

Company Overview

Business Description:
Gindalbie Metals Limited (GBG) is an Australian iron ore company based in Perth, Western Australia, which is developing a portfolio of projects in the State's Mid-West Region. GBG's core asset is the Karara Iron Ore project.

Strategy Analysis:
Gindalbie's most advanced asset is the Karara Iron Ore Project. The Project is a 50:50 joint venture with China's Ansteel, China's second largest steel maker. Ansteel also has a 36% shareholding in the company. Through the partnership with Ansteel, Gindalbie has been able to access project funding, equity funding and a product offtake agreement for all Karara iron concentrate. Gindalbie started production of hematite ore in early 2011 and magnetite concentrate production in late 2012. New resource development opportunities will also be jointly explored. Gindalbie Metals reported positive cash flow of $36.4m for the quarter ended 31 December 2012. Operating cash flow for the period was $(3.3m). Payments for exploration and evaluation were $(1.51m). Investing cash flow was $1.16m. Financing cash flow was $38.53m. Cash in hand at the end of the quarter was $70.89m.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2016  F -- 0.3 -90.1 8.1 -- 0.0 --
2015  F -- 3.1 3.6 0.8 -- 0.0 --
2014  A 45.3 3.0 -- 3.5 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2014 A 2015 F 2016 F 2014 A 2015 F 2016 F 2014 A 2015 F 2016 F
BHP Billiton (BHP) $102,132 M 0.1223 -0.1576 0.0962 11.8923 14.1176 12.8792 4.04 4.55 4.73
Gindalbie Metal (GBG) $36 M -- 0.0363 -0.9013 0.7921 0.7643 7.7419 0.00 0.00 0.00
Iluka Resources (ILU) $2,780 M -0.6600 -0.8627 7.6081 21.6498 157.7197 18.3223 1.36 1.74 2.72
Rio Tinto (RIO) $24,581 M 0.5848 -0.2956 0.0869 7.3464 10.4295 9.5960 3.80 4.25 4.55
Sims Metal Management (SGM) $2,100 M 3.0215 1.0042 0.3260 30.4813 15.2090 11.4701 0.97 2.69 4.08

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
GBG 0.80 0.81 0.65 10.00 --
Market 0.92 15.1 1.19 1.73 1.50
Sector 0.65 11.1 0.75 0.96 2.59

Directors
Name Position Start Date
Mr Lim Kim Chuan Alternate Director 31 August 2007
Mr Yan Dong Alternate Director 27 March 2009
Mr George Jones Executive Chairman 09 September 2005
Mr Michael John O'Neill Managing Director 12 April 2006
Mr Keith Jones Non-Executive Chairman,Non-Executive Director 01 March 2013
Mr Andrew Robin Marshall Non-Executive Director 16 December 2010
Mr Ping Chen Non-Executive Director 29 June 2009
Mr Wanyuan Yu Non-Executive Director 29 June 2009
Mr Paul Hallam Non-Executive Director 13 December 2011
Mr Fuping Tang Non-Executive Director 10 June 2013

Management
Name Position
W Zekulich Chief Financial Officer
Christopher Gerrard Company Secretary
Jan Horsman Joint Company Secretary

Substantial Shareholders
Holding Name
535,492,521 (35.81%) Angang Group Hong Kong (Holdings) Ltd

Calendar of Events
Date Event
08 October 2015 Report (Quarterly)
07 October 2015 Report (Annual)
30 July 2015 Report (Quarterly)
27 April 2015 Report (Quarterly)
23 January 2015 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.

Advertisement

Trade Shares Online from $19.95^
Free Guides

The SMH Guide to Investing in Fixed Income

An educational booklet with information on how to earn more than bank interest on the cash in your investment portfolio.

More details...

News

Australian Share Market - Close Up

CMC Markets 11/11/2014 | The Australian share market is in a decision zone - and trading from here may set the direction for the rest of the year.

Prices slashed - everything must go!

Nick Swales, Regional Director, Newcastle Office, Rathbones 27/10/2014 | “If you want to have a better performance than the crowd, you must do things differently from the crowd.” Sir John Templeton.

Aussie share market bulls now have company

Ric Spooner (Chief Market Analyst, CMC Markets) 20/10/2014 | Today, Australian investors will not have to go it alone buying stocks as they did for much of last week. Bargain hunters this morning will be supported by the morale boosting encouragement of a 3% turnaround in the German Dax and a 264 point rally in the Dow Jones.

The Importance of Ignoring the Noise of the Market

Carl Richards, director of investor education at the BAM Alliance 17/10/2014 | “As odd as it may sound, the sooner you start treating your investments like you treat life, the happier you’ll be with the outcome.”

You only dance twice

William H. Gross, Janus Capital Group 16/10/2014 | “Financial markets are artificially priced. In the bond market, there is nothing normal about a three year German Bund yielding “minus” 10 basis points.”

The Big Picture - Australia 200 Index

CMC Markets 8/10/2014 | Share market indices around the globe are breaking down. While analysts cast around for reasons, it’s clear that a time factor is in play. Simply put, many investors “feel” a correction is overdue. How low could it go?

More...


Sponsored Links