Kingsrose Mining Limited (KRM)

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

General Information
Company Name: Kingsrose Mining Limited
Stock Code: KRM
GICS Sub-Industry: Diversified Metals & Mining
Market Cap ($M): 77
Equiv. Shares (M): 359

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.215 $ 0.220 $ 0.220 $ 0.215 $ 0.215 172,791 0%

Current Broker Consensus Recommendation more
Recommendation: Strong Buy (1)
Recommendation Date: 26th Mar 2015
Brokers Surveyed: 1

Company Overview

Business Description:
Kingsrose Mining Limited (KRM) is a gold and silver exploration and development company. KRM flagship project is the Way Linggo Gold Project in Sumatra, Indonesia.

Strategy Analysis:
KRM’s strategy is to grow through exploration and through the acquisition of new projects and to emerge as a low cost gold miner. KRM currently focuses on the Way Linggo property located in the Rim of Fire on the Trans Sumatra Fault Zone, Indonesia. It aims to boost production of gold and silver at the project through new production areas, such as Talang Santo. Following the mining activities schedule in 2013, KRM will continue on preparation of an updated project feasibility study, environmental impact study and foresty permit, with the production forecast for annualized rate of more than 40,000oz Au. Kingsrose Mining reported positive cash flow of $183,000 for quarter ended 31 December 2012. Operating cash flow for the period was $(5.22m). Payments for exploration and evaluation were $(1.28m). Investing cash flow was $(416,000). Financing cash flow was $5.82m. Cash in hand at the end of the quarter was $8.84m.

Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2016  F -- 2.2 82.5 9.8 -- 0.0 --
2015  F -- 1.2 -- 17.9 -- 0.0 --
2014  A -24.2 -6.2 -- 0.0 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) $99,659 M 0.1223 -0.2880 -0.0626 11.6043 16.2990 17.3876 4.14 5.11 5.19
Iluka Resources (ILU) $3,559 M -0.5350 1.1718 0.8298 59.6073 27.4459 14.9991 2.24 3.16 4.54
Kingsrose Mining (KRM) $77 M -- -- 0.8250 -- 17.9167 9.8174 0.00 0.00 0.00
Rio Tinto (RIO) $24,938 M -0.1938 -0.3204 0.1906 9.2451 13.6038 11.4257 4.58 5.09 5.29
Sims Metal Management (SGM) $2,533 M 3.0215 0.8039 0.3124 36.7499 20.3722 15.5227 0.81 2.59 3.06

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
KRM 0.49 -- 1.11 -- 18.7
Market 0.88 16.6 1.30 2.38 1.57
Sector 0.59 12.7 0.67 2.00 2.25

Name Position Start Date
Mr Scott James Huffadine Managing Director 13 January 2014
Mr John Christopher Morris Non-Executive Chairman 17 August 2007
Mr William Phillips Hodges Non-Executive Director 12 January 2005
Mr Andrew Spinks Non-Executive Director 22 August 2012

Name Position
Matthew Smith Chief Financial Officer
Joanna Kiernan Company Secretary
Ashley McAleese Operations Manager
Herryansjah President Director, PT Natarang Mining (PTNM)

Substantial Shareholders
Holding Name
20,000,000 (5.58%) KRM (WA) Pty Ltd
32,300,000 (9.01%) Advanced Concept Holdings Ltd
64,729,940 (15.26%) Rex Harbour and associates

Calendar of Events
Date Event
27 January 2016 Report (Quarterly)
02 December 2015 Report (Annual)
19 October 2015 Report (Quarterly)
08 October 2015 Report (Annual)
24 July 2015 Report (Quarterly)
28 April 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


Trade Shares Online from $19.95^
Free Guides

The SMH Guide to Investment Fees

An educational booklet to help you find out everything you must know about investment fees.

More details...


Markets melt up

By Michael McCarthy (chief market strategist, CMC Markets) 19/12/2014 | Traders and investors caught short heading into the FOMC scrambled for cover in Europe and the US, in many cases driving indices to their best one day performance for 2015.

Aussie Investors take their foot off the accelerator

By Betty Lam (Sales Trader, CMC Markets) 18/12/2014 | Lead by the Fed-fervour offshore, Australians shares jumped on the Yellen cheer wagon. The material and energy stocks were back in vogue as both sectors gained over 3% in morning trade.

Fed Feeds Frenzy

By Michael McCarthy (chief market strategist, CMC Markets) 18/12/2014 | In spite of a frenzied pre-mortem, a benign statement from the US Federal Reserve‚Äôs Open Market Committee and steadying commodity markets drove investors back into share markets overnight. A calmer, stronger ruble helped offset European growth fears, highlighted in the overnight session by further declines in inflation.

Household brands Woolworths and Telstra Heavy Lifting

By Betty Lam (Sales Trader, CMC Markets) 11/12/2014 | Offshore jitters sent ripples through to Australian stocks. The open saw the local equities take 65 points off the index, catalysed by a mass-exit in energy stocks, yet again.

Steady open as Woodside investors wait on details of possible Wheatstone acquisition

By Ric Spooner (Chief Market Analyst, CMC Markets) 10/12/2014 | Yesterday‚Äôs news on Greek politics and China‚Äôs bond market came at a time when US and European stock markets have extended rallies and pushed valuations higher. This makes those markets vulnerable to downward corrections as profit takers act to avoid missing out.

MYEFO and Lima - December could be nasty.

BR Securities Australia Pty Ltd 2/12/2014 | December 2014 could go down as a nasty moment in Australian finance. MYEFO will reveal a deteriorating budget deficit and the UNFCCC meeting in Lima, Peru will provide the agreement, to be ratified in Paris in 2015, on how much (or little) CO2 is to be allowed into the atmosphere from 2020.


Sponsored Links