A director at Iluka Resources Limited bought 12,139 shares at 4.128AUD and the significance rating of the trade was 59/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two year...
Summary MarketLine's Marindi Metals Limited Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Marindi Metals Limited - Mergers & Acquisitions (M&A), Partnerships & Alliances since January2007. MarketLine's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and I...
The general evaluation of ILUKA RESOURCES (AU), a company active in the General Mining industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date March 25, 2022, the closing price was A...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
A few setbacks for no-moat Iluka Resources sees our fair value estimate decline modestly to AUD 11 per share from AUD 11.50 previously. The key headwind is rising capital costs at Sembehun which has forced Iluka to reassess the development scope. Sembehun contains the vast majority of resources at the company’s Sierra Rutile operations. The zircon market also appears soft in the near term, with higher prices incentivising additional swing supply, and customers delaying the purchase of raw mate...
Iron ore and gold prices are flying but we don’t think either will last. Iron ore is benefiting from unusually strong demand and supply disruptions while gold is rising with negative interest rates. The global miners remain overvalued. The sector trades at an average 10% premium to our fair value estimates, versus a 20% premium three months ago. The iron ore miners--BHP, Rio Tinto, Fortescue and Vale, on average are at a 30% premium, while the rest of our coverage is only at a 4% premium. The ...
Iron ore and gold prices are flying but we don’t think either will last. Iron ore is benefiting from unusually strong demand and supply disruptions while gold is rising with negative interest rates. The global miners remain overvalued. The sector trades at an average 10% premium to our fair value estimates, versus a 20% premium three months ago. The iron ore miners--BHP, Rio Tinto, Fortescue and Vale, on average are at a 30% premium, while the rest of our coverage is only at a 4% premium. The ...
Iron ore and gold prices are flying but we don’t think either will last. Iron ore is benefiting from unusually strong demand and supply disruptions while gold is rising with negative interest rates. The global miners remain overvalued. The sector trades at an average 10% premium to our fair value estimates, versus a 20% premium three months ago. The iron ore miners--BHP, Rio Tinto, Fortescue and Vale, on average are at a 30% premium, while the rest of our coverage is only at a 4% premium. The ...
No-moat-rated Iluka's share price is down almost 30% since May 2018 highs above AUD 12 per share. The sell-off reflects concerns that prices of zircon and titanium dioxide feedstocks will decline and came despite a modest rise in the S&P/ASX 200 Resources index. We generally see global metals and mining firms as overvalued, but not Iluka. The market is too pessimistic on the outlook for prices. Demand growth for zircon and titanium dioxide feedstocks is only likely to be steady, but supply c...
No-moat-rated Iluka's share price is down almost 30% since May 2018 highs above AUD 12 per share. The sell-off reflects concerns that prices of zircon and titanium dioxide feedstocks will decline and came despite a modest rise in the S&P/ASX 200 Resources index. We generally see global metals and mining firms as overvalued, but not Iluka. The market is too pessimistic on the outlook for prices. Demand growth for zircon and titanium dioxide feedstocks is only likely to be steady, but supply const...
No-moat-rated Iluka's share price is down almost 30% since May 2018 highs above AUD 12 per share. The sell-off reflects concerns that prices of zircon and titanium dioxide feedstocks will decline and came despite a modest rise in the S&P/ASX 200 Resources index. We generally see global metals and mining firms as overvalued, but not Iluka. The market is too pessimistic on the outlook for prices. Demand growth for zircon and titanium dioxide feedstocks is only likely to be steady, but supply const...
No-moat-rated Iluka's share price is down almost 30% since May 2018 highs above AUD 12 per share. The sell-off reflects concerns that prices of zircon and titanium dioxide feedstocks will decline and came despite a modest rise in the S&P/ASX 200 Resources index. We generally see global metals and mining firms as overvalued, but not Iluka. The market is too pessimistic on the outlook for prices. Demand growth for zircon and titanium dioxide feedstocks is only likely to be steady, but supply c...
Steel-making materials stocks, those exposed to iron ore and coking coal, have markedly outperformed our near-term expectations. The key reasons have been continued strong steel demand growth, particularly in China, and more recently, Vale’s tragic tailings dam failure and Cyclone Veronica. Iron ore supply losses this year are material, about 6% of global iron ore supply and some of that will bleed into 2020. Coking coal supply has also been impacted in the near-term through increased safety i...
Steel-making materials stocks, those exposed to iron ore and coking coal, have markedly outperformed our near-term expectations. The key reasons have been continued strong steel demand growth, particularly in China, and more recently, Vale’s tragic tailings dam failure and Cyclone Veronica. Iron ore supply losses this year are material, about 6% of global iron ore supply and some of that will bleed into 2020. Coking coal supply has also been impacted in the near-term through increased safety i...
As a large player in the relatively small zircon and titanium minerals markets, Iluka's long-term growth in sales volumes is dictated by overall industry growth. The high-grade Jacinth-Ambrosia mine boasts a cost advantage over zircon-producing competitors is due to high grades but reserve life is less than 10 years and does not support a moat. The long life Sierra Rutile operation is the key source of rutile but lacks a cost advantage. It may come in time as the company expands and builds scale...
Iluka’s 2018 adjusted net profit after tax more than tripled to AUD 304 million versus AUD 96 million in 2017. It was a strong result and better than our AUD 254 million forecast with non-production related costs less and revenue better than expected. The impressive uplift was driven by higher prices, which added AUD 265 million to net profit. The realised zircon price rose 41% to AUD 1,321 per tonne and rutile 21% to AUD 952 per tonne. Higher unit costs and lower sales volumes were partial of...
Iluka’s 2018 adjusted net profit after tax more than tripled to AUD 304 million versus AUD 96 million in 2017. It was a strong result and better than our AUD 254 million forecast with non-production related costs less and revenue better than expected. The impressive uplift was driven by higher prices, which added AUD 265 million to net profit. The realised zircon price rose 41% to AUD 1,321 per tonne and rutile 21% to AUD 952 per tonne. Higher unit costs and lower sales volumes were partial of...
Iluka’s 2018 adjusted net profit after tax more than tripled to AUD 304 million versus AUD 96 million in 2017. It was a strong result and better than our AUD 254 million forecast with non-production related costs less and revenue better than expected. The impressive uplift was driven by higher prices, which added AUD 265 million to net profit. The realised zircon price rose 41% to AUD 1,321 per tonne and rutile 21% to AUD 952 per tonne. Higher unit costs and lower sales volumes were partial of...
Iluka’s 2018 adjusted net profit after tax more than tripled to AUD 304 million versus AUD 96 million in 2017. It was a strong result and better than our AUD 254 million forecast with non-production related costs less and revenue better than expected. The impressive uplift was driven by higher prices, which added AUD 265 million to net profit. The realised zircon price rose 41% to AUD 1,321 per tonne and rutile 21% to AUD 952 per tonne. Higher unit costs and lower sales volumes were partial of...
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