Image Resources NL (IMA)



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General Information
Company Name: Image Resources NL
Stock Code: IMA
Website: www.imageres.com.au
GICS Sub-Industry: Diversified Metals & Mining
Market Cap ($M): 14
Equiv. Shares (M): 158

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.090 $ 0.090 $ 0.090 $ 0.090 $ 0.090 2,400 0%

Company Overview

Business Description:
Image Resources NL (IMA) is a diversified mineral explorer with a landholding and an expanding mineral sands resource base in the North Perth Basin of Western Australia as well as mineral sands projects in the Eucla Basin. The Company’s current focus is on the Boonanarring and Atlas Projects at North Perth Basin.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014  A -2.3 -1.6 -- 0.0 0.0 0.0 --
2013  A -6.5 -5.3 -- 0.0 0.0 0.0 --
2012  A -5.5 -5.8 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F
BHP Billiton (BHP) $107,046 M 0.1223 -0.1217 0.2243 12.4645 14.1908 11.5906 3.85 4.29 4.45
Iluka Resources (ILU) $3,161 M -0.6600 -0.7708 4.1309 24.6169 107.3969 20.9315 1.19 1.86 3.50
Image Resources (IMA) $14 M -- -- -- -- -- -- 0.00 -- --
Rio Tinto (RIO) $26,098 M 0.5848 -0.3133 0.1018 7.7996 11.3574 10.3084 3.58 3.98 4.26
Sims Metal Management (SGM) $2,143 M 3.0215 1.1230 0.2955 31.1052 14.6516 11.3091 0.96 2.69 4.09

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
IMA -- -- 8.74 -- --
Market 1.11 13.3 1.02 0.94 3.08
Sector 0.68 10.88 0.81 0.94 3.16

Directors
Name Position Start Date
Mr George Sakalidis Executive Director - Exploration 13 May 1994
Mr Jeffrey W Williams Non-Executive Director 25 June 2014
Mr John Jones Non-Executive Director 24 June 2014
Mr Peter Sisley Thomas Non-Executive Director,Non-Executive Chairman 19 April 2002

Management
Name Position
Graeme Scott Chief Financial Officer
Collis Thorp Chief Operating Officer,Chief Executive Officer
Fiona Lawe Davies Joint Company Secretary
Dennis William Wilkins Joint Company Secretary

Substantial Shareholders
Holding Name
7,128,776 (5.09%) Citicorp Nominees Pty Limited
11,539,728 (8.23%) Pontian Orico Plantations SDN BHD
7,559,895 (5.39%) Denis Ribton

Calendar of Events
Date Event
30 July 2015 Report (Quarterly)
29 April 2015 Report (Quarterly)
30 January 2015 Report (Quarterly)
30 October 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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