A director at Mount Gibson Iron Limited sold 300,000 shares at 0.567AUD and the significance rating of the trade was 72/100. 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 yea...
The independent financial analyst theScreener just lowered the general evaluation of MOUNT GIBSON IRON (AU), active in the Steel industry. As regards its fundamental valuation, the title now shows 0 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Negative. As of the analysis date March 15, 2022, the closing price was AUD 0.49 and its target price was est...
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....
We advise we will cease coverage of Mount Gibson in July 2017 to focus on higher-quality names. We reiterate our no moat, very-high fair value uncertainty, and Standard stewardship ratings. Our unchanged AUD 0.37 per share fair value estimate reflects the likely restart of the relatively high cost Koolan Island mine, as well as our midcycle USD 35 per tonne iron ore price, at which point we expect the company’s operations to be meaningfully cash flow negative. Our no-moat rating incorporates t...
We lower our fair value estimate for Mount Gibson Iron to AUD 0.37 from AUD 0.42 per share after factoring in the likely restart of the relatively high cost Koolan Island mine. The company says it will cost approximately AUD 100 million of capital expenditure to restart the mine, with more than half of that directed toward rebuilding the seawall. Mount Gibson estimates the project has a net present value of AUD 106 million or AUD 0.10 per share, however, this assumes an iron ore price of USD 55 ...
Bulk commodity miners are overvalued. Shares of iron ore and met coal miners have rallied to levels not seen since 2014, when Chinese steel demand peaked. In effect, the market appears to be extrapolating the 2016 Chinese demand growth trajectory far into the future. We’ve updated our forecasts to account for greater supply disruptions, lower Chinese supply, and higher freight and maintenance capital costs, but we expect roughly 50% downside from recent iron ore prices around USD 80 per tonne ...
We raise our fair value estimate for Mount Gibson Iron to AUD 0.42 from AUD 0.40 per share with the strong first-half result. The stock has appreciated significantly, doubling to AUD 0.45 per share since June 2016 with the rally in the iron ore price, and is now close to fairly valued. Our AUD 0.42 per share fair value estimate is underpinned by a very strong balance sheet with no debt and cash, term deposits and liquid investments worth approximately AUD 440 million or AUD 0.41 per share. While...
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
Mined commodities and mining stocks have seen massive gains in 2016. The coking coal price quadrupled, iron ore and thermal coal doubled, and copper is up about 35% this year. Demand exceeded expectations thanks to China’s debt-fuelled stimulus. With approximately 80% of China’s steel used for investment oriented activity, steel demand is particularly sensitive to stimulus. China’s leading share of commodity consumption means relatively small changes in demand have outsized impacts on glob...
We raise our fair value estimate for Mount Gibson marginally from AUD 0.31 to AUD 0.32 per share following first-quarter fiscal 2017 production. The company remains in a strong financial position with net cash growing from AUD 400 million at end June to AUD 437 million at end September 2016, largely due to receipt of the final insurance proceeds in July. Cash is equivalent to AUD 0.40 per share. Mount Gibson continues to trade near our fair value estimate and we believe it is the cheapest iron o...
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