MIN

13.9%

$49.14 mineral resources limited

thanks mayo

First 48 Last

Share
Profile

Follow
Aquarius11

638 Posts.

141

29/08/23

16:19

Post #: 69617209
Share
Originally posted by mayo1975: ↑

MinRes (ASX: MIN): Slight beat, dividends up 90%
One liner: Slight double beat on analyst expectations for revenue and earnings, record lithium volumes boosts top and bottom line.
Revenue of $4.78 billion in FY23 was up 40% on last year and ahead of consensus of $4.72 billion
EBITDA of $1.75bn, up 71% and in-line with consensus $1.74bn
Fully franked final dividend of $0.70, bringing the FY23 total dividend to $1.90, a 90% increase on last year’s dividend
MinRes managing director Chris Ellison highlighted the role record lithium earnings and strong iron ore earnings played in the result, but called out the “operational challenges” faced in the second half.
In particular, he said statutory NPAT of $244 millon was knocked by non-cash impairment charges linked to its Yilgarn and Utah Point iron ore assets.
“These operations continue to play a part in our transition to a lower-cost, longer-life iron ore portfolio. We are investing in exploration to maximise the value potential,” he said.He also alluded to further capex required for its energy division, “but the significant capital investment required to maximise this potential is being held back by the current WA domestic gas policy.”
Outlook
Little guidance was provided for FY24, but Ellison called out the mining services division as “the heart of our business”
“The division will benefit from the ramp up of activities across our operations and the deployment of its world-leading innovations."

Expand

thanks mayo
MIN Price at posting: $69.48 Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

The market's shrugged at China's stimulus measures all year. Why is this one different?

The winners & losers on market if negative gearing were gone

DEG

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

STK

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

KAL

KalGold rolls out detailed aeromagnetic survey across Pinjin project

NAM

ACCC seeks Olam divestments before it can buy Namoi Cotton

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

ESR

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

There are more pages in this discussion • 10 more messages in this thread...

First 48 Last

Add MIN (ASX) to my watchlist

(20min delay)
Last $49.14		Change 6.010(13.9%)		Mkt cap ! $9.656B

Open	High	Low	Value	Volume
$46.71	$49.23	$45.55	$170.1M	3.552M

Buyers (Bids)

No.	Vol.	Price($)
1	200	$49.13

Sellers (Offers)

Price($)	Vol.	No.
$49.16	3984	1

View Market Depth

No.	Vol.	Price($)
1	1150	48.950
1	200	48.900
1	250	48.700
1	500	48.530
1	199	48.450

Price($)	Vol.	No.
49.200	48	1
49.230	379	1
49.300	10	1
49.490	250	1
49.500	3861	6

Last trade - 16.10pm 27/09/2024 (20 minute delay)

MIN (ASX) Chart

thanks mayo

The market's shrugged at China's stimulus measures all year. Why is this one different?

The winners & losers on market if negative gearing were gone

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

KalGold rolls out detailed aeromagnetic survey across Pinjin project

ACCC seeks Olam divestments before it can buy Namoi Cotton

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

thanks mayo

Top Stories

The market's shrugged at China's stimulus measures all year. Why is this one different?

The winners & losers on market if negative gearing were gone

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

KalGold rolls out detailed aeromagnetic survey across Pinjin project

ACCC seeks Olam divestments before it can buy Namoi Cotton

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News