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MAGONTEC LIMITED (MGL)


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General Information
Company Name: Magontec Limited
Stock Code: MGL
Website: www.magontec.com
GICS Sub-Industry: Diversified Metals & Mining
Market Cap ($M): 16
Equiv. Shares (M): 652

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.023 $ 0.024 $ 0.024 $ 0.023 $ 0.024 147,997 $ -0.001  -4.167 %

Company Overview

Business Description:
Magontec Limited (MGL, formerly Advanced Magnesium Technologies) is a manufacturer and recycler of Magnesium alloys and anodes with sales in Asia, Americas and Europe. MGL has three main operations including Magnesium alloy production, Magnesium alloy recycling and Cathodic corrosion production, serving two sectors namely; Die Casting, Extrusion and Other Industries, and hot water storage industry.

Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2012  A 2.9 0.8 -- 6.1 0.0 0.0 --
2011  A -1.8 -0.7 -- 0.0 0.0 0.0 --
2010  A -3.5 -1.8 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F
BHP Billiton (BHP) $111,863 M -0.1359 -0.2135 0.2033 11.0589 14.0614 11.6856 0.0316 0.0333 0.0367
Iluka Resources (ILU) $4,669 M -0.2536 -0.6749 1.6621 12.3573 38.0157 14.2802 0.0314 0.0134 0.0255
Magontec (MGL) $16 M -- -- -- 2.9268 -- -- 0.0000 -- --
Rio Tinto (RIO) $24,097 M -0.3874 0.0912 0.2010 11.4223 10.4675 8.7154 0.0291 0.0335 0.0371
Sims Metal Management (SGM) $2,043 M -0.6378 -0.2343 1.9368 29.7000 38.7898 13.2083 0.0200 0.0109 0.0370

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
MGL 3.00 2.93 1.26 -- 0.07
Market 1.10 12.9 0.91 2.56 2.61
Sector 0.57 8.89 0.70 2.13 7.50

Directors
Name Position Start Date
Mr Nicholas William Andrews Chief Executive Officer,Executive Chairman 10 May 2007
Mr Robert Fitz-Gerald Shaw Non-Executive Director 04 March 2011
Mr Zhong Jun Li Non-Executive Director 31 August 2009
Kang Min Xie Non-Executive Director 29 November 2012
Christoph Klein-Schmeink President 07 May 2012
Mr Xunyou Tong President 07 May 2012

Management
Name Position
John David Talbot Chief Financial Officer, Company Secretary

Substantial Shareholders
Holding Name
32,482,661 (7.64%) Citicorp Nominees Pty Limited
55,435,784 (13.04%) Qinghai Salt Lake Magnesium Industry Ltd
40,499,167 (9.53%) Straits Resources Ltd
55,797,298 (13.13%) KWE (HK) Investment Development Co., Limited

Calendar of Events
Date Event
27 February 2014 Report (Annual)
27 February 2014 Report (Prelim)
26 September 2013 Report (Annual)
30 August 2013 Report (Prelim)
© 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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