Main points for me from the call were:
- continued strengthening of balance sheet in 2015;
- margins impacted by provision for doubtful debts esp. Mongolia (though confident that majority of disputed amount owing will be recovered);
- secured revenue of $700M in 2015 (although Mongolia makes up $60-70M of this) - estimating $750-$1B revenue in 2015 but will be difficult to get to $1B;
- there will continue to be pressure on margins in 2015 but management will not buy the business by shaving margins too much (good!);
- no dividend 2014 - main reasons were to continue strengthening BS, no franking credits, rolling out finances - though stated intention is to provide dividends to 50% of profit after tax;
- share buy-back is an option given lack of franking credits and SP well under asset backing;
- still has clear support of Leighton Group.
Overall, slow and steady recovery in a difficult market.
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Last
28.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $619.5M |
Open | High | Low | Value | Volume |
29.0¢ | 29.0¢ | 28.5¢ | $376.3K | 1.306M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 193665 | 28.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
29.0¢ | 562500 | 24 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 193781 | 0.285 |
8 | 232082 | 0.280 |
9 | 149826 | 0.275 |
10 | 227178 | 0.270 |
8 | 195149 | 0.265 |
Price($) | Vol. | No. |
---|---|---|
0.290 | 562501 | 24 |
0.295 | 621265 | 12 |
0.300 | 1540404 | 24 |
0.305 | 617004 | 8 |
0.310 | 727541 | 11 |
Last trade - 11.58am 30/07/2024 (20 minute delay) ? |
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MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
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