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VORTEX PIPES LIMITED (VTX)


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General Information
Company Name: Vortex Pipes Limited
Stock Code: VTX
Website: www.vortexpipes.com
GICS Sub-Industry: Construction & Engineering
Market Cap ($M): 3
Equiv. Shares (M): 2,517

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.001 $ 0.001 $ 0.001 $ 0.001 $ 0.001 500,000 0%

Company Overview

Business Description:
Vortex Pipes Limited (VTX) focuses on the development of sustainable pipe rehabilitation technology. VTX has developed in-house technology in the form of the ShieldLiner System which is a multi layer pipe relining technology and can be used for the in situ repair and rehabilitation of replacement. The system applies resin or fiberglass to the pipe to prevent leakage, improve structural integrity and decrease flow friction. VTX provides one type of service, Rehabilitation, using its ShieldLiner technology.

Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2012  A -0.7 -0.1 -150.0 0.0 0.0 0.0 --
2011  A 0.2 0.2 -- 17.5 0.0 0.0 --
2010  A -1.5 -1.7 -- 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
Clough (CLO) $887 M 0.0077 -- -- 20.5776 -- -- 0.0228 -- --
Leighton (LEI) $6,367 M 0.3175 0.2622 0.1261 14.1848 11.2381 9.9799 0.0424 0.0524 0.0570
Monadelphous (MND) $1,452 M 0.3321 0.2199 -0.0185 11.2173 9.1951 9.3682 0.0783 0.0902 0.0929
UGL (UGL) $1,194 M 0.0626 -0.3953 0.2080 7.0801 11.7080 9.6918 0.0976 0.0726 0.0822
Vortex Pipes (VTX) $3 M -- -- -- -- -- -- 0.0000 -- --

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
VTX -- -- 10.00 -- --
Market 1.07 12.6 0.89 2.31 2.58
Sector 0.69 7.34 1.06 1.09 0.42

Directors
Name Position Start Date
Mr Trevor Adriano Gosatti Managing Director 16 September 2008
Mr James Patrick Robinson Non-Executive Director 21 January 2013
Mr Patrick John Corr Non-Executive Director 07 March 2012

Management
Name Position
Loren Jones Company Secretary

Substantial Shareholders
Holding Name
100,000,000 (5.70%) Peninsula Investments (WA) Pty Ltd
200,000,000 (11.40%) Ruck Pty Ltd
100,000,000 (5.70%) Nefco Nominees Pty Ltd
200,000,000 (11.40%) Ouro Pty Ltd
100,000,000 (5.70%) Mikado Corporation Pty Ltd as trustee for the JFC Superannuation fund
202,500,000 (11.55%) Mount Street Pty Ltd
122,500,000 (6.98%) Venus Anetac Pty Ltd

Calendar of Events
Date Event
26 February 2014 Report (Interim)
29 October 2013 Report (Annual)
30 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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