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Business Description: Iluka Resources Limited (ILU) is involved in the exploration, project development, operation and marketing of mineral sands. Operations are located in Australia and the United States. For FY13, overall production volumes of Zircon, Rutile and Synthetic Rutile (Z/R/SR) are 471,100t. The current ore reserves are 28.97Mt and mineral resources of 122.7Mt.
Strategy Analysis: Iluka¬īs objective is to create and deliver value for shareholders through exploration and innovation. The focus is on large, high quality, long life operations. The company seeks to meet customer needs though investment in high quality production sources, product and technical development as well as providing price leadership in mineral sand products to allow sustainable customer profitability.
Iluka Resources reported NPAT down 33% to $363.2m for the year ended 31 December 2012. Revenues from ordinary activities were $1.15bn, down 29.5% from last year. Sales volumes year-on-year were significantly lower, with combined zircon, rutile and synthetic rutile sales volumes down 52.9% at 488.9 thousand tonnes compared to 1,038.1 thousand tonnes in 2011. Lower sales volumes were influenced by a combination of external factors, including: low demand associated with global economic conditions and fragile business confidence levels; inventory de-stocking and lower levels of zircon usage in tile manufacturing in China. Basic EPS was 87.1 cents compared to 130.1 cents last year. Net operating cash flow was $250.6m compared to $749.5m last year. The final dividend declared was 10.0 cents, taking the full year dividend to 35.0 cents compared with 75.0 cents last year.
Nick Swales, Regional Director, Newcastle Office, Rathbones 27/10/2014 |
‚ÄúIf you want to have a better performance than the crowd, you must do things differently from the crowd.‚ÄĚ Sir John Templeton.
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.
Carl Richards, director of investor education at the BAM Alliance 17/10/2014 |
‚ÄúAs odd as it may sound, the sooner you start treating your investments like you treat life, the happier you‚Äôll be with the outcome.‚ÄĚ
William H. Gross, Janus Capital Group 16/10/2014 |
‚ÄúFinancial markets are artificially priced. In the bond market, there is nothing normal about a three year German Bund yielding ‚Äúminus‚ÄĚ 10 basis points.‚ÄĚ
CMC Markets 8/10/2014 |
Share market indices around the globe are breaking down. While analysts cast around for reasons, it‚Äôs clear that a time factor is in play. Simply put, many investors ‚Äúfeel‚ÄĚ a correction is overdue. How low could it go?
IMPORTANT: This information has been prepared without taking into account your objectives, financial situation or needs and you should consider if the information is appropriate for you before making an investment decision. Neither InvestSMART Financial Services Pty Ltd nor any of its Related Companies make any recommendations as to the merits of any investment opportunity referred to in its emails or its related websites. Product disclosure statements for financial products offered through InvestSMART can be downloaded from this website or obtained by contacting 1300 880 160. You should consider the product disclosure statement before making a decision about the product. All indications of performance returns are historical and can not be relied upon as an indicator for future performance.