Tribune Resources Limited (TBR)

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General Information
Company Name: Tribune Resources Limited
Stock Code: TBR
GICS Sub-Industry: Gold
Market Cap ($M): 163
Equiv. Shares (M): 50

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 3.250 $ 3.200 $ 3.250 $ 3.200 $ 3.180 3,250 $ 0.070  2.201 %

Company Overview

Business Description:
Tribune Resources Limited (TBR) is a mineral exploration, development and production company, with projects in Western Australia and Africa. TBR’s current focus is on the exploration and development of the East Kundana JV Project in Western Australia.

Strategy Analysis:
Tribune Resources aims to establish itself as a coal producer with a primary focus on Queensland’s premier Bowen and Surat Basins. The various projects are within economic vicinity to local infrastructures, which will aim the company in the goal of becoming a low cost producer.

Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2013  A 27.8 53.4 159.2 2.4 0.0 0.0 --
2012  A 11.2 20.6 63.5 9.0 0.0 0.0 --
2011  A 6.9 12.6 -32.3 15.0 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
Newcrest Mining (NCM) $7,864 M -0.0429 -0.3511 0.8389 18.2044 28.0558 15.2565 0.00 0.00 1.93
Northern Star Resources (NST) $778 M 0.2151 2.4227 0.1534 16.5212 4.8270 4.1851 2.64 4.90 5.84
OZ Minerals (OZL) $1,226 M -- -- -0.6499 -- 81.2877 232.1839 4.95 4.95 3.71
Regis Resources (RRL) $845 M 0.9835 -0.5669 0.1879 5.6128 12.9601 10.9103 8.88 0.64 NaN
Tribune Resources (TBR) $160 M 1.5977 -- -- 5.9539 -- -- 0.00 -- --

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
TBR 0.20 6.08 1.52 -- 1.59
Market 1.12 13.9 1.00 1.04 3.54
Sector 0.71 11.7 0.71 0.98 5.00

Name Position Start Date
Mr Otakar Demis Chairman,Company Secretary 29 November 1985
Mr Anthony Byron Billis Managing Director,Executive Director 22 January 2003
Mr Gordon Alfred Sklenka Non-Executive Director 16 August 2004

Name Position
Lyndall Vaughan Joint Company Secretary

Substantial Shareholders
Holding Name
8,020,000 (15.97%) Sierra Gold Pty Ltd
8,454,000 (16.84%) Trans Global Capital Ltd
11,433,727 (22.77%) Rand Mining N L
3,390,455 (6.75%) J P Morgan Nominees Australia Limited

Calendar of Events
Date Event
23 July 2015 Report (Quarterly)
28 April 2015 Report (Quarterly)
27 April 2015 Report (Quarterly)
27 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


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