Strike Resources Limited (SRK)



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General Information
Company Name: Strike Resources Limited
Stock Code: SRK
Website: www.strikeresources.com.au
GICS Sub-Industry: Diversified Metals & Mining
Market Cap ($M): 6
Equiv. Shares (M): 145

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.038 $ 0.038 $ 0.038 $ 0.038 $ 0.036 2,667 $ 0.002  5.556 %

Company Overview

Business Description:
Strike Resources Limited (SRK) is an Australian-listed resources company with two principal projects in the bulk commodities market. The Company’s Apurimac and Cusco Iron-Ore Projects are located in Peru. SRK also holds 100% of the rights to mine a coal concession in Indonesia, subject to a royalty to the concession owner.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014  A -48.8 -33.6 -- 0.0 0.0 0.0 --
2013  A -9.5 -6.6 -- 0.0 0.0 0.0 --
2012  A -3.6 -2.6 -- 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
BHP Billiton (BHP) $92,497 M 0.1223 -0.2311 0.0433 10.7704 14.0071 13.4253 4.46 5.19 5.27
Iluka Resources (ILU) $2,571 M -0.6600 -0.9302 13.4766 20.0196 286.9159 19.8192 1.47 2.27 4.30
Rio Tinto (RIO) $24,398 M 0.5848 -0.2712 -0.2843 7.2917 10.0045 13.9783 3.83 4.56 4.59
Sims Metal Management (SGM) $2,395 M 3.0215 1.0077 0.3235 34.7594 17.3128 13.0814 0.85 2.36 3.59
Strike Resources (SRK) $5 M -- -- -- -- -- -- 0.00 -- --

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
SRK -- -- 0.67 -- 42.2
Market 1.01 13.8 0.96 1.01 2.91
Sector 0.61 11.9 0.68 1.36 2.50

Directors
Name Position Start Date
Mr Farooq Khan Alternate Director 20 January 2014
Mr William Matthew Johnson Managing Director 14 July 2006
Professor Malcolm Ross Richmond Non-Executive Chairman 25 October 2006
Ms Samantha Tough Non-Executive Director 23 January 2012
Mr Victor Poh Hong Ho Non-Executive Director 20 January 2014
Mr Matthew Charles P Hammond Non-Executive Director 25 September 2009

Management
Name Position
David Lee Palumbo Company Secretary

Substantial Shareholders
Holding Name
16,690,802 (11.48%) Orion Equities Limited
25,825,000 (17.77%) ABU Holding International Ltd
12,537,090 (8.63%) Database Systems Ltd
14,000,000 (9.63%) Stefano Roma

Calendar of Events
Date Event
30 October 2015 Report (Quarterly)
28 October 2015 Report (Annual)
30 July 2015 Report (Quarterly)
29 April 2015 Report (Quarterly)
30 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.

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