Namoi Cotton Co-Operative Limited (NAM)



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General Information
Company Name: Namoi Cotton Co-Operative Limited
Stock Code: NAM
Website: www.namoicotton.com.au
GICS Sub-Industry: Diversified Support Services
Market Cap ($M): 36
Equiv. Shares (M): 110

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.330 $ 0.330 $ 0.330 $ 0.325 $ 0.330 40,923 0%

Company Overview

Business Description:
Namoi Cotton Co-Operative Limited (NAM) is involved in processing and marketing of cotton processing. NAM has a network of cotton ginning, marketing and cotton seed marketing services in rural regions of New South Wales and southern Queensland. To date, NAM has 12 operation cotton gins, 3 warehouse facilities and 3 packing facilities which are capable of handling 1.5 million bales per season.


Financial Summary
Year to Feb NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014  A 5.3 4.9 880.0 5.9 0.0 0.0 --
2013  A 0.5 0.5 -- 43.9 0.0 0.0 --
2012  A -67.5 -70.7 NaN 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
Credit Corp Group (CCP) $460 M 0.0812 0.0887 0.1096 13.2308 12.1529 10.9526 4.01 4.11 4.51
Namoi Cotton (NAM) $36 M 8.3207 -- -- 6.6802 -- -- 0.00 -- --
Spotless Group Holdings (SPO) $2,125 M -- 1.7032 0.1432 41.6129 15.3938 13.4656 0.00 0.00 4.70
Veda Group (VED) $1,954 M -- 0.3110 0.1458 33.0956 25.2448 22.0323 1.72 1.96 2.25

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
NAM 0.78 6.68 0.30 -- 0.07
Market 1.16 13.7 1.00 0.95 3.40
Sector 0.85 14.7 1.25 1.38 0.86

Directors
Name Position Start Date
Mr Stuart C Boydell Non-Executive Chairman 08 June 1994
Mr Richard Andrew Anderson Non-Executive Director 07 July 2001
Mr Michael Boyce Non-Executive Director 30 October 2002
Mr Bruce Longworth Non-Executive Director 23 February 2004
Mr Benjamin Coulton Non-Executive Director 26 July 2006
Mr Glendon E Price Non-Executive Director 22 July 2009
Mr Robert Green Non-Executive Director 24 May 2013

Management
Name Position
T D Callanan Chief Executive Officer
Jeremy Callachor Chief Executive Officer
Stuart Greenwood Chief Financial Officer
Bailey Garcha Company Secretary
Shane McGregor General Manager - Commodities
Eimear McDonagh General Manager - Export Sales
David Lindsay General Manager - Grower Services and Marketing

Substantial Shareholders
Holding Name
-- (--%) Not Disclosed in Annual Report

Calendar of Events
Date Event
24 June 2015 Report (Annual)
28 April 2015 Report (Prelim)
31 October 2014 Div Pay Date
30 October 2014 Report (Interim)
17 October 2014 Books Close
15 October 2014 Div Ex Date
© 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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