REDFLOW LIMITED (RFX)



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General Information
Company Name: Redflow Limited
Stock Code: RFX
Website: www.redflow.com.au
GICS Sub-Industry: Oil & Gas Storage & Transportation
Market Cap ($M): 8
Equiv. Shares (M): 169

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.050 $ 0.000 $ 0.000 $ 0.000 $ 0.050 0 0%

Current Broker Consensus Recommendation more
Recommendation: Hold
Recommendation Date: 22nd Mar 2013
12 Month Target Price (average): $0.1
Brokers Surveyed: 1

Company Overview

Business Description:
Redflow Limited (RFX) is an Australian company specialized in the supply, manufacture and design of packaged electricity storage with applications for electricity utilities, renewal generation, remote area power systems and telecommunications. RFX comprises two key activities: Electricity Storage Systems (ESS) and Zinc Bromine Battery Module Manufacturing (ZBM).


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2012  A -12.6 -12.7 -- 0.0 0.0 0.0 --
2011  A -7.3 -12.2 -- 0.0 0.0 0.0 --
2010  A 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
Miclyn Express Offshore (MIO) $526 M 0.2454 -0.2298 0.2028 8.0465 10.4469 8.6856 0.0315 0.0243 0.0296
Redflow (RFX) $8 M -- -- -- -- -- -- 0.0000 -- --

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
RFX -- -- 0.75 -- 1.88
Market 1.10 12.9 0.91 2.56 2.61
Sector 1.34 15.7 0.79 2.28 5.20

Directors
Name Position Start Date
Mr Walter Stuart Macmillan Smith Chief Financial Officer,Company Secretary,Chief Executive Officer,Executive Director 17 May 2013
Mr Richard Aird Executive Director 05 March 2012
Mr Christopher Winter Executive Director,Chief Technology Officer 13 March 2008
Mr Howard L Stack Non-Executive Chairman 09 February 2012
Mr Bruce Robert Brown Non-Executive Director 05 March 2012

Substantial Shareholders
Holding Name
9,224,340 (5.64%) Alexander Rudolf Winter
8,870,275 (5.43%) Patrick Alexander Mackey
12,019,688 (7.35%) John Richard Serisier & Shelly Ann Serisier
10,974,007 (6.72%) Christopher Hans Winter
12,125,000 (7.42%) David Oakley

Calendar of Events
Date Event
24 February 2014 Report (Interim)
19 September 2013 Report (Annual)
28 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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