Resource Generation Limited (RES)



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 Ľ it's FREE! Already a member? Login now!


General Information
Company Name: Resource Generation Limited
Stock Code: RES
Website: www.resgen.com.au
GICS Sub-Industry: Coal & Consumable Fuels
Market Cap ($M): 67
Equiv. Shares (M): 581

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.115 $ 0.110 $ 0.115 $ 0.105 $ 0.115 74,500 0%

Company Overview

Business Description:
Resource Generation Limited (RES) is an energy resource company dual listed on the Australian and Johannesburg Stock Exchange. RES has coal interests in South Africa as well as uranium prospects in Cameroon. Currently, RES is focused on the development of its Boikarabelo mine in the Waterberg region of South Africa.

Strategy Analysis:
The strategy is to develop high grade ‚Äėenergy‚Äô related resources into viable and competitive mining operations. The portfolio of resources already accumulated includes low overburden, inexpensive to mine coal deposits in SA and Australia as well as potentially very low cost uranium deposits in Cameroon. Exploration programs are underway and, in addition in the case of South Africa, mine approval processes that can lead to the commencement of cash flow positive mining operations in as short a timeframe as possible. Resource Generation reported a net loss $760,000 for the half-year ended 31 December 2012. Revenues from ordinary activities were $758,000, down 29% from the same period last year. Diluted EPS was (0.29) cents compared to (0.29) cents last year. The net operating cash outflow was $485,000 compared to an outflow of $791,000 in the pcp. No dividend was declared.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014  A -1.0 -0.2 -- 0.0 0.0 0.0 --
2013  A -2.8 -1.0 -- 0.0 0.0 0.0 --
2012  A -0.9 -0.3 -- 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
Energy Resources (ERA) $645 M -- -- -- -- -- -- 0.00 0.00 0.00
Resource Generation (RES) $67 M -- -- -- -- -- -- 0.00 -- --
Whitehaven Coal (WHC) $1,251 M -- -- -- -- -- 63.2124 0.00 0.00 0.00

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
RES -- -- 0.33 -- --
Market 0.90 15.0 1.19 1.94 1.48
Sector 1.00 9.17 0.62 1.04 2.89

Directors
Name Position Start Date
Mr Stephen (Steve) James Matthews Company Secretary,Executive Director 15 July 2008
Mr Paul John Jury Managing Director 15 July 2008
Mr Brian David Warner Non-Executive Chairman 27 October 2010
Mr Geoffrey (Toby) Rose Non-Executive Director 03 December 2008

Management
Name Position
Michelene Collopy Chief Financial Officer
Brendan O'Regan Commercial & Financial Manager, South Africa
Hennie van den Aardweg General Manager, South Africa
Andy McLeod Senior General Manager, Boikarabelo Mine

Substantial Shareholders
Holding Name
30,463,175 (9.17%) Integrated Coal Mining Limited
19,743,784 (5.94%) Scodella Inc and associates
42,704,700 (12.85%) Barsington Ltd
24,360,591 (7.33%) Paul John Jury

Calendar of Events
Date Event
28 October 2015 Report (Quarterly)
16 September 2015 Report (Annual)
14 September 2015 Report (Annual)
28 July 2015 Report (Quarterly)
02 April 2015 Report (Quarterly)
30 January 2015 Report (Quarterly)
28 January 2015 Report (Quarterly)
© 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 Debt Relief

An educational booklet to help you take control of your debts and look to get back on track.

More details...

News

Markets melt up

By Michael McCarthy (chief market strategist, CMC Markets) 19/12/2014 | Traders and investors caught short heading into the FOMC scrambled for cover in Europe and the US, in many cases driving indices to their best one day performance for 2015.

Aussie Investors take their foot off the accelerator

By Betty Lam (Sales Trader, CMC Markets) 18/12/2014 | Lead by the Fed-fervour offshore, Australians shares jumped on the Yellen cheer wagon. The material and energy stocks were back in vogue as both sectors gained over 3% in morning trade.

Fed Feeds Frenzy

By Michael McCarthy (chief market strategist, CMC Markets) 18/12/2014 | In spite of a frenzied pre-mortem, a benign statement from the US Federal Reserve‚Äôs Open Market Committee and steadying commodity markets drove investors back into share markets overnight. A calmer, stronger ruble helped offset European growth fears, highlighted in the overnight session by further declines in inflation.

Household brands Woolworths and Telstra Heavy Lifting

By Betty Lam (Sales Trader, CMC Markets) 11/12/2014 | Offshore jitters sent ripples through to Australian stocks. The open saw the local equities take 65 points off the index, catalysed by a mass-exit in energy stocks, yet again.

Steady open as Woodside investors wait on details of possible Wheatstone acquisition

By Ric Spooner (Chief Market Analyst, CMC Markets) 10/12/2014 | Yesterday‚Äôs news on Greek politics and China‚Äôs bond market came at a time when US and European stock markets have extended rallies and pushed valuations higher. This makes those markets vulnerable to downward corrections as profit takers act to avoid missing out.

MYEFO and Lima - December could be nasty.

BR Securities Australia Pty Ltd 2/12/2014 | December 2014 could go down as a nasty moment in Australian finance. MYEFO will reveal a deteriorating budget deficit and the UNFCCC meeting in Lima, Peru will provide the agreement, to be ratified in Paris in 2015, on how much (or little) CO2 is to be allowed into the atmosphere from 2020.

More...


Sponsored Links