Middle Island Resources Limited (MDI)



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: Middle Island Resources Limited
Stock Code: MDI
Website: www.middleisland.com.au
GICS Sub-Industry: Gold
Market Cap ($M): 3
Equiv. Shares (M): 125

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.021 $ 0.021 $ 0.021 $ 0.021 $ 0.021 13,000 0%

Company Overview

Business Description:
Middle Island Resources (MDI) is a gold exploration company focused on West Africa. The Company has presently secured the rights to exploration projects located in the countries of Burkina Faso, Liberia and the Republic of Niger. The company is currently focussed on the Sibra and Reo projects.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014  A -4.3 -3.4 -- 0.0 0.0 0.0 --
2013  A -7.0 -5.6 -- 0.0 0.0 0.0 --
2012  A -7.2 -6.8 -- 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
Middle Island Resources (MDI) $3 M -- -- -- -- -- -- 0.00 -- --
Newcrest Mining (NCM) $7,481 M -0.0429 -0.2244 0.4692 17.3172 22.3290 15.1978 0.00 0.00 2.03
Northern Star Resources (NST) $687 M 0.2151 2.4277 0.1506 14.4638 4.2197 3.6674 3.02 5.53 6.58
OceanaGold (OGC) $663 M -- -- -0.1432 -- 6.9401 8.1001 0.00 0.00 0.00
OZ Minerals (OZL) $1,162 M -- -- 0.1368 -- 73.7958 64.9153 5.22 5.22 3.90

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
MDI -- -- 0.57 -- --
Market 1.16 13.8 1.03 1.05 3.00
Sector 0.73 11.5 0.80 0.99 2.80

Directors
Name Position Start Date
Mr Dennis William Wilkins Company Secretary,Alternate Director - Beau Nicholls 22 March 2010
Mr Richard James Yeates Managing Director 02 March 2010
Mr Peter Sisley Thomas Non-Executive Chairman 02 March 2010
Mr Linton John Kirk Non-Executive Director 01 September 2011
Mr Beau Nicholls Technical Director 22 March 2010

Substantial Shareholders
Holding Name
10,147,339 (8.12%) Newmont Mining Corporation
12,227,173 (9.78%) JP Morgan Nominees Australia Limited
10,686,699 (8.55%) National Nominees Limited
16,000,000 (12.80%) Quenda Investments Pty Ltd

Calendar of Events
Date Event
29 October 2015 Report (Annual)
26 October 2015 Report (Quarterly)
29 September 2015 Report (Annual)
30 July 2015 Report (Quarterly)
27 July 2015 Report (Quarterly)
21 April 2015 Report (Quarterly)
28 January 2015 Report (Quarterly)
03 November 2014 Report (Annual)
© 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 Shares via SMSFs

An educational booklet that outlines how to get the most from your share investments for retirement thorugh your self managed super fund.

More details...

News

Prices slashed - everything must go!

Nick Swales, Regional Director, Newcastle Office, Rathbones 27/10/2014 | “If you want to have a better performance than the crowd, you must do things differently from the crowd.” Sir John Templeton.

Aussie share market bulls now have company

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.

The Importance of Ignoring the Noise of the Market

Carl Richards, director of investor education at the BAM Alliance 17/10/2014 | “As odd as it may sound, the sooner you start treating your investments like you treat life, the happier you’ll be with the outcome.”

You only dance twice

William H. Gross, Janus Capital Group 16/10/2014 | “Financial markets are artificially priced. In the bond market, there is nothing normal about a three year German Bund yielding “minus” 10 basis points.”

The Big Picture - Australia 200 Index

CMC Markets 8/10/2014 | Share market indices around the globe are breaking down. While analysts cast around for reasons, it’s clear that a time factor is in play. Simply put, many investors “feel” a correction is overdue. How low could it go?

Billionaires bankroll Ten's new direction Media Network sees digital future

The Age 19/12/2013 | Ten Network's programming ambitions will be funded by a $200 million loan guaranteed by three of its billionaire owners, as the free-to-air broadcaster declared digital was the future and pointed to early signs that its switch to an older market demographic was working.

More...


Sponsored Links