Orocobre Limited (ORE)



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: Orocobre Limited
Stock Code: ORE
Website: www.orocobre.com.au
GICS Sub-Industry: Precious Metals & Minerals
Market Cap ($M): 341
Equiv. Shares (M): 132

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 2.740 $ 2.620 $ 2.870 $ 2.620 $ 2.580 235,603 $ 0.160  6.202 %

Current Broker Consensus Recommendation more
Recommendation: Strong Sell (5)
Recommendation Date: 21st Oct 2014
Brokers Surveyed: 1

Company Overview

Business Description:
Orocobre Limited (ORE) is a mineral exploration company focused on the contruction and operation of its portfolio of lithium, potash and boron projects and facilities in the Puna region of northen Argentina. Currently, ORE's flagship project is Olaroz Project.

Strategy Analysis:
ORE is focused on becoming one of the largest and lowest-cost producers of Lithium in the world. ORE has partnered with Toyota Tusho to develop Salar de Olaroz, and expects to complete the Definitive Feasibility Study on the project in Q1 2011, with initial commercial production starting in 2012. The company also has two other projects which show promise for future development. Orocobre reported positive cash flow of $31.76m for quarter ended 31 December 2012. Operating cash flow for the period was $1.56m. Payments for exploration and evaluation were $3.12m. Investing cash flow was $6.51m. Financing cash flow was $23.68m. Cash in hand at the end of the quarter was $38.99m.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2016  F -- 10.3 504.1 25.1 -- 0.0 --
2015  F -- 1.7 -- 151.8 -- 0.0 --
2014  A -5.6 -4.3 -- 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
Metals X (MLX) $356 M 1.3200 0.3276 0.0097 9.2672 6.9805 6.9132 0.00 2.47 2.98
Orocobre (ORE) $333 M -- -- 5.0412 -- 148.2353 24.5375 0.00 0.00 0.00
Sirius Resources (SIR) $999 M -- -- -- -- -- -- 0.00 0.00 0.00

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
ORE 2.86 -- 2.12 -- 13.9
Market 0.90 15.3 1.24 1.72 1.50
Sector 0.70 11.4 0.82 0.95 2.90

Directors
Name Position Start Date
Mr Richard Phillip Seville Chief Executive Officer,Managing Director 14 April 2007
Mr Robert Hubbard Non-Executive Director 30 November 2012
Mr Frederico Nicholson Non-Executive Director 15 September 2010
Mr James D Calaway Non-Executive Director 20 May 2009
Mr John Willis Gibson Jnr Non-Executive Director 01 March 2010
Mr Edward Courtney Pratt Non-Executive Director 23 March 2010
Mr Fernando Oris de Roa Non-Executive Director 24 June 2010

Management
Name Position
David Hall Business Development Manager
Neil Kaplan Chief Financial Officer,Company Secretary

Substantial Shareholders
Holding Name
8,262,177 (7.00%) Canadian Register Control
6,494,795 (5.50%) J P Morgan Nominees Australia Limited
9,582,707 (8.10%) National Nominees Limited
11,018,270 (9.40%) HSBC Custody Nominees (Australia) Limited
8,574,000 (7.30%) Lithium Investors LLC

Calendar of Events
Date Event
28 September 2015 Report (Annual)
30 July 2015 Report (Quarterly)
29 April 2015 Report (Quarterly)
25 February 2015 Report (Interim)
30 January 2015 Report (Quarterly)
30 October 2014 Report (Quarterly)
29 October 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 Fixed Income

An educational booklet with information on how to earn more than bank interest on the cash in your investment portfolio.

More details...

News

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.

Elders alleges $24m fraud in live cattle division

The Age 19/12/2013 | Troubled rural services group Elders is threatening to call in the police over an alleged $24 million fraud by a "handful of individuals" in its live cattle exports division.

More...


Sponsored Links