South America Iron & Steel Corporation Limited (SAY)



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General Information
Company Name: South America Iron & Steel Corporation Limited
Stock Code: SAY
Website: www.saironsteel.com
GICS Sub-Industry: Diversified Metals & Mining
Market Cap ($M): 3
Equiv. Shares (M): 319

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.009 $ 0.000 $ 0.000 $ 0.000 $ 0.009 0 0%

Company Overview

Business Description:
South America Iron & Steel Corporation Limited (SAY) is involved in iron sands and conventional iron ore exploration in Chile, China and Ecuador. SAY has a 15% interest in Ample Success Investment Limited that holds a 75% interest in a mineral Concession in Weishan County, Yunnan, China.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2013  A -1.2 -0.4 -- 0.0 0.0 0.0 --
2012  A -1.1 -0.4 -- 0.0 0.0 0.0 --
2011  A -1.3 -0.5 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2011 A 2012 F 2013 F 2011 A 2012 F 2013 F 2011 A 2012 F 2013 F
BHP Billiton (BHP) $115,107 M 0.1223 -0.0527 0.2256 13.4031 14.1481 11.5438 3.58 3.88 3.97
Iluka Resources (ILU) $3,534 M -0.6600 -0.7711 4.1339 27.5187 120.2279 23.4184 1.07 1.67 3.13
Rio Tinto (RIO) $27,039 M 0.5848 -0.2585 0.0251 8.0809 10.8978 10.6308 3.46 3.65 3.94
South America Iron & Steel Corporation (SAY) $3 M -- -- -- -- -- -- 0.00 -- --
Sims Metal Management (SGM) $2,400 M 3.0215 1.1765 0.2778 34.8485 16.0115 12.5307 0.85 2.51 3.69

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
SAY -- -- 0.31 -- 22.5
Market 1.12 14.0 0.99 1.06 3.50
Sector 0.72 12.1 0.71 0.97 5.63

Directors
Name Position Start Date
Mr Kenneth Lee Company Secretary,Executive Director,Chief Executive Officer 24 March 2009
Mr Terry Cuthbertson Non-Executive Chairman 18 May 2009
Dr Richard J Haren Non-Executive Director 13 May 2009
Dr Haomin Ning Ning Non-Executive Director 04 April 2011
Mr William Ji Non-Executive Director 27 September 2012

Substantial Shareholders
Holding Name
46,056,655 (14.46%) Franco Stefano Belli
51,300,000 (16.10%) Superior Grade Investments Ltd
23,260,068 (7.30%) Citicorp Nominees Pty Limited

Calendar of Events
Date Event
30 July 2015 Report (Quarterly)
29 April 2015 Report (Quarterly)
29 January 2015 Report (Quarterly)
30 October 2014 Report (Quarterly)
29 September 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.

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