Fairfax Media network navigation

  • Home
  • Shares
  • Share details

GUJARAT NRE COKING COAL LIMITED (GNM)


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: Gujarat Nre Coking Coal Limited
Stock Code: GNM
Website: www.gujaratnre.com.au
GICS Sub-Industry: Specialty Chemicals
Market Cap ($M): 227
Equiv. Shares (M): 1,376

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.165 $ 0.000 $ 0.000 $ 0.000 $ 0.165 0 0%

Current Broker Consensus Recommendation more
Recommendation: Hold
Recommendation Date: 5th Jun 2012
12 Month Target Price (average): $0.2
Brokers Surveyed: 1

Company Overview

Business Description:
Gujarat NRE Coking Coal Limited (GNM) is a mining company engaged in coal mining, coal preparation and export of coal. GNM owns and operates the NRE No.1 Colliery and NRE Wongawilli Colliery coking coal mines in the Southern Coalfields Region of New South Wales. GNM exports the majority of its ROM Coal product to its parent company, Gujarat NRE Coke Ltd, in India.

Strategy Analysis:
GNM plans to continue production of metallurgical coke in India and Australia towards producing 4m tonnes in FY15. Gujarat Nre Coking Coal reported NPAT of $1.56m for the half-year ended 30 September 2012. Revenue from ordinary activities were $120.68m, up 10% from last year. Basic and Diluted EPS were 0.14 cents compared to (0.8) cents last year. Net operating cash flow was $234,634 compared to $37.29m last year. No dividend was declared.

Financial Summary
Year to Mar NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2013  A -17.5 -1.8 -280.0 0.0 0.0 0.0 --
2012  A 9.8 1.0 -63.0 30.6 0.0 0.0 --
2011  A 24.6 2.7 -- 24.8 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
DuluxGroup (DLX) $1,617 M 1.6431 0.1714 0.1766 20.8354 17.7861 15.1163 0.0361 0.0395 0.0449
Gujarat Nre Coking Coal (GNM) $227 M -- -- -- -- -- -- 0.0000 -- --

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
GNM -- -- 0.35 -- 0.86
Market 0.82 14.1 1.19 1.94 1.63
Sector 0.54 8.13 0.58 2.01 6.08

Directors
Name Position Start Date
Mr Arun Kumar Jagatramka Executive Chairman 12 October 2004
Mr Andrew E Firek Non-Executive Director 18 December 2006
Mrs Mona Jagatramka Non-Executive Director 12 July 2007
Mr Maurice Anghie Non-Executive Director 11 May 2007

Management
Name Position
Sanjay Sharma Company Secretary
Tanvee Jagatramka Director of Gujarat NRE Wonga Pty Ltd
Murari Sananguly Director of Gujarat NRE Wonga Pty Ltd
Greg Connolly Group Engineering Manager
Chris Harvey Head of Corporate Relations
Ratish Raman Manager - Finance and Accounts
Philip Wakeford Manager of Mining Engineering - NRE No.1
Paul Coxhead Manager of Mining Engineering - NRE Wongawilli
Kannan Ramdas Member of Management Committee
Sanjay Loyalka Member of Management Committee
Rhys Brett Operations Manager - NRE No.1
Steven Bow Operations Manager - NRE Wongawilli

Substantial Shareholders
Holding Name
231,025,483 (23.26%) Gujarat NRE Ltd
373,696,193 (37.63%) Wonga Coal Pty Ltd
153,289,116 (15.44%) HSBC Global Asset Management (Singapore) Limited

Calendar of Events
Date Event
30 May 2014 Report (Prelim)
29 May 2014 Report (Prelim)
30 April 2014 Report (Quarterly)
30 January 2014 Report (Quarterly)
29 November 2013 Report (Interim)
10 October 2013 Report (Quarterly)
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.

Advertisement

Trade Shares Online from $19.95^
Free Guides

The SMH Guide to Investing in Art

An educational booklet with useful, practical tips to help you make better-informed decisions about investing in art.

More details...

News

Investors positive ahead of Fed meeting

The Age 20/06/2013 | The sharemarket gained ground as investors took a cautiously optimistic stance before a keenly awaited update on economic stimulus measures in the United States.

Is New News a good news story?

The Age 20/06/2013 | Pre-split trading of shares in "New Newscorp," the print media-heavy spin-out from News Corp began quietly on Wednesday, and it will take a while to work out where the new vehicle is headed.

News Corp split has one company up, one company down

The Age 20/06/2013 | The two separately listed companies of News Corporation had a subdued first day of trading on the ASX before their demerger later this month.

Lehman's US arm pulls plug on $210m deal with investors

The Age 20/06/2013 | Local councils that lost millions on investments made through Lehman Brothers have suffered a major setback, after the US arm of the failed bank blocked a deal that would have delivered the investors up to $210 million.

Smart and skinny

The Age 20/06/2013 | China's Huawei has vowed to catch up with rivals Apple and Samsung as it unveiled its newest device — the Ascend P6, which it described as the world's thinnest smartphone.

Investors positive ahead of Fed meeting

Sydney Morning Herald 20/06/2013 | The sharemarket gained ground as investors took a cautiously optimistic stance before a keenly awaited update on economic stimulus measures in the United States.

More...

Sponsored Links
Feedback Form