Buy Or Sell Opportunity • May 19
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to AU$1.52. The fair value is estimated to be AU$1.26, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has declined by 30%. Valuation Update With 7 Day Price Move • May 13
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to AU$1.60, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 13x in the Metals and Mining industry in Australia. Total returns to shareholders of 63% over the past three years. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to AU$1.94, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 13x in the Metals and Mining industry in Australia. Total returns to shareholders of 124% over the past three years. Buy Or Sell Opportunity • Mar 13
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 7.1% to AU$1.65. The fair value is estimated to be AU$1.33, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has declined by 30%. Reported Earnings • Mar 03
First half 2026 earnings released: EPS: AU$0.12 (vs AU$0.065 in 1H 2025) First half 2026 results: EPS: AU$0.12 (up from AU$0.065 in 1H 2025). Revenue: AU$1.14b (up 64% from 1H 2025). Net income: AU$12.8m (up 71% from 1H 2025). Profit margin: 1.1% (in line with 1H 2025). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Declared Dividend • Mar 02
First half dividend of AU$0.02 announced Shareholders will receive a dividend of AU$0.02. Ex-date: 10th March 2026 Payment date: 15th April 2026 Dividend yield will be 2.7%, which is lower than the industry average of 5.1%. Sustainability & Growth Dividend is covered by earnings (28% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.1% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 36% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annuncio • Feb 27
PRL Global Ltd. Announces Ordinary Fully Franked Dividend for the Six Months Ended December 31, 2025, Payable on April 15, 2026 PRL Global Ltd. announced ordinary fully franked dividend of AUD 0.02000000 per share for the six months ended December 31, 2025. Ex Date is March 10, 2026; Record Date is March 11, 2026; Payment Date is April 15, 2026. Board Change • Dec 31
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Keng Ong was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to AU$1.31, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 21x in the Metals and Mining industry in Australia. Total returns to shareholders of 38% over the past three years. Annuncio • Oct 24
PRL Global Ltd., Annual General Meeting, Nov 26, 2025 PRL Global Ltd., Annual General Meeting, Nov 26, 2025. Location: 1301 wisma prosper, block b, kelana centre point, no. 3. jalan ss7/19, kelana jaya 47301 petaling jaya, selangor malaysia, Australia Recent Insider Transactions • Oct 03
MD & Executive Director recently sold AU$2.3m worth of stock On the 2nd of October, Ah Hong Lai sold around 1m shares on-market at roughly AU$1.75 per share. This transaction amounted to 67% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Buy Or Sell Opportunity • Sep 19
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 23% to AU$1.85. The fair value is estimated to be AU$1.51, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has declined by 32%. Upcoming Dividend • Sep 18
Upcoming dividend of AU$0.02 per share Eligible shareholders must have bought the stock before 25 September 2025. Payment date: 24 October 2025. Payout ratio is a comfortable 42% but the company is paying out more than the cash it is generating. Trailing yield: 5.0%. Lower than top quartile of Australian dividend payers (5.5%). Higher than average of industry peers (4.0%). Annuncio • Sep 11
PRL Global Ltd. (ASX:PRG) acquired Centrex Limited (ASX:CXM). PRL Global Ltd. (ASX:PRG) entering into a deed of company arrangement to acquire Centrex Limited (ASX:CXM) on July 22, 2025. Centrex Limited, currently under a deed of company arrangement, is undergoing a significant transition as all its shares are set to be transferred to PRL Global Limited. The Deed Administrators have filed an application in the Federal Court of Australia to approve this transfer, with a hearing scheduled for August 19, 2025. A Court Hearing was held on August 19, 2025 which resulted in the issuance of a Court Order giving leave for the transfer of all of the issued shares in Centrex Limited.
PRL Global Ltd. (ASX:PRG) completed the acquisition of Centrex Limited (ASX:CXM) on July 22, 2025. As previously advised to shareholders the transfer is for no consideration payable to shareholders of Centrex Limited. on September 10, 2025, the Deed of Company Arrangement for Centrex Limited and its subsidiary Agriflex Pty Ltd has been effectuated and as such these entities are no longer subject to any form of external administration. Centrex Limited is now owned and controlled by PRL. Declared Dividend • Aug 28
Dividend of AU$0.02 announced Shareholders will receive a dividend of AU$0.02. Ex-date: 25th September 2025 Payment date: 24th October 2025 Dividend yield will be 2.4%, which is lower than the industry average of 5.1%. Sustainability & Growth Dividend is covered by earnings (42% earnings payout ratio) but not covered by cash flows (dividend approximately 15x free cash flows). The dividend has increased by an average of 6.1% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 223% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 26
Full year 2025 earnings released: EPS: AU$0.095 (vs AU$0.058 in FY 2024) Full year 2025 results: EPS: AU$0.095 (up from AU$0.058 in FY 2024). Revenue: AU$1.48b (up 17% from FY 2024). Net income: AU$10.9m (up 62% from FY 2024). Profit margin: 0.7% (up from 0.5% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Aug 12
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 30% to AU$1.65. The fair value is estimated to be AU$1.30, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Earnings per share has declined by 12%. Annuncio • Jul 24
PRL Global Ltd. (ASX:PRG) entering into a deed of company arrangement to acquire Centrex Limited (ASX:CXM). PRL Global Ltd. (ASX:PRG) entering into a deed of company arrangement to acquire Centrex Limited (ASX:CXM) on July 22, 2025. Centrex Limited, currently under a deed of company arrangement, is undergoing a significant transition as all its shares are set to be transferred to PRL Global Limited. The Deed Administrators have filed an application in the Federal Court of Australia to approve this transfer, with a hearing scheduled for August 19, 2025.
The transaction is subject to court approval. Buy Or Sell Opportunity • Apr 30
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 4.8% to AU$1.30. The fair value is estimated to be AU$1.07, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Earnings per share has declined by 12%. Buy Or Sell Opportunity • Mar 07
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at AU$1.26. The fair value is estimated to be AU$1.04, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Earnings per share has declined by 12%. Upcoming Dividend • Feb 28
Upcoming dividend of AU$0.02 per share Eligible shareholders must have bought the stock before 07 March 2025. Payment date: 17 April 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.4%. Lower than top quartile of Australian dividend payers (6.2%). In line with average of industry peers (4.7%). Reported Earnings • Feb 26
First half 2025 earnings released: EPS: AU$0.065 (vs AU$0.094 in 1H 2024) First half 2025 results: EPS: AU$0.065 (down from AU$0.094 in 1H 2024). Revenue: AU$696.1m (up 8.6% from 1H 2024). Net income: AU$7.47m (down 31% from 1H 2024). Profit margin: 1.1% (down from 1.7% in 1H 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Board Change • Jan 30
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Non-Executive Director Keng Ong was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 10
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Non-Executive Director Keng Ong was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Oct 25
PRL Global Ltd., Annual General Meeting, Nov 26, 2024 PRL Global Ltd., Annual General Meeting, Nov 26, 2024. Location: 1301 wisma prosper, block b, kelana centre point, no. 3. jalan ss7/19, kelana jaya, 47301 petaling jaya, selangor, malaysia, Australia Upcoming Dividend • Sep 19
Upcoming dividend of AU$0.03 per share Eligible shareholders must have bought the stock before 26 September 2024. Payment date: 25 October 2024. Payout ratio is on the higher end at 94% but the company is not cash flow positive. Trailing yield: 5.0%. Lower than top quartile of Australian dividend payers (6.0%). Lower than average of industry peers (5.7%). Annuncio • Sep 05
PRL Global Ltd. (ASX:PRG) announces an Equity Buyback for $5 million worth of its shares. PRL Global Ltd. announces a share repurchase program. Under the program the company will repurchase up to $5 million worth of its common shares. The repurchase program is valid till 12 months from commencement. Declared Dividend • Sep 01
Fourth quarter dividend of AU$0.03 announced Shareholders will receive a dividend of AU$0.03. Ex-date: 26th September 2024 Payment date: 25th October 2024 Dividend yield will be 15%, which is higher than the industry average of 5.1%. Sustainability & Growth Dividend is covered by earnings (50% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 44% to shift the payout ratio to a potentially unsustainable range, which is more than the 4.9% EPS decline seen over the last 5 years. Reported Earnings • Aug 31
Full year 2024 earnings released: EPS: AU$0.058 (vs AU$0.22 in FY 2023) Full year 2024 results: EPS: AU$0.058 (down from AU$0.22 in FY 2023). Revenue: AU$1.27b (up 10% from FY 2023). Net income: AU$6.74m (down 73% from FY 2023). Profit margin: 0.5% (down from 2.2% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Annuncio • Aug 31
PRL Global Ltd Announces Ordinary Fully Franked Dividend for the Year Ended 30 June 2024, Payable on 25 October 2024 PRL Global Ltd. Directors announced ordinary fully franked dividend of AUD 0.03000000 per security for the six months ended 30 June 2024. Payment date is 25 October 2024. Record date is 27 September 2024. Date final dividend was declared 30 August 2024, Ex Date: 26 September 2024. Upcoming Dividend • Mar 14
Upcoming dividend of AU$0.025 per share Eligible shareholders must have bought the stock before 21 March 2024. Payment date: 19 April 2024. Payout ratio is a comfortable 56% and the cash payout ratio is 92%. Trailing yield: 6.1%. Lower than top quartile of Australian dividend payers (6.3%). Higher than average of industry peers (5.4%). Declared Dividend • Mar 02
Dividend of AU$0.025 announced Shareholders will receive a dividend of AU$0.025. Ex-date: 21st March 2024 Payment date: 19th April 2024 Dividend yield will be 9.8%, which is higher than the industry average of 5.1%. Sustainability & Growth Dividend is covered by both earnings (56% earnings payout ratio) and cash flows (81% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 38% to shift the payout ratio to a potentially unsustainable range, which is more than the 5.3% EPS decline seen over the last 5 years. New Risk • Feb 29
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.2% Last year net profit margin: 2.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (1.2% net profit margin). Market cap is less than US$100m (AU$145.6m market cap, or US$94.6m). New Risk • Feb 22
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$145.6m (US$95.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (AU$145.6m market cap, or US$95.8m). Board Change • Feb 01
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Non-Executive Director Keng Ong was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Nov 29
CI Resources Limited Appoints Ramanathan E S Krishnan as Director CI Resources Limited announced the appointment of Ramanathan E S Krishnan as Director. Date of appointment is on 22 November 2023. New Risk • Nov 28
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$150.3m (US$99.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (AU$150.3m market cap, or US$99.4m). Annuncio • Nov 23
Ci Resources Limited Announces Special Dividend, Payable on 31 January 2024 CI Resources Limited announced special dividend of AUD 0.05000000 per share. Ex Date: 24 November 2023. Record Date: 27 November 2023. Payment Date: 31 January 2024. Annuncio • Oct 23
CI Resources Limited, Annual General Meeting, Nov 22, 2023 CI Resources Limited, Annual General Meeting, Nov 22, 2023, at 10:00 W. Australia Standard Time. Location: Iris & Hibiscus Room at the One World Hotel First Avenue, Bandar Utama City Centre Petailing Jaya Selangor Malaysia Agenda: To receive and consider the annual financial report of the Company for the financial year ended 30 June 2023 together with the declaration of the Directors, the Director's report, the Remuneration Report and the auditor's report; to consider adoption of Remuneration Report; to consider disposal of Substantial Asset to a substantial shareholder; to consider election of Director Mr. Keng Siew Ong; to consider election of Director Mr. Ramanathan Krishnan; to consider re-election of a Director Dato' Sri Lip Sin Tee; to consider re-election of a Director Mr. Adrian Joseph Anthony Gurgone; and to consider change of Company Name. Upcoming Dividend • Sep 21
Upcoming dividend of AU$0.05 per share at 5.0% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 27 October 2023. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 5.0%. Lower than top quartile of Australian dividend payers (7.1%). Lower than average of industry peers (5.6%). Reported Earnings • Aug 29
Full year 2023 earnings released: EPS: AU$0.22 (vs AU$0.066 in FY 2022) Full year 2023 results: EPS: AU$0.22 (up from AU$0.066 in FY 2022). Revenue: AU$1.15b (up 114% from FY 2022). Net income: AU$25.3m (up 233% from FY 2022). Profit margin: 2.2% (up from 1.4% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to AU$1.30, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 11x in the Metals and Mining industry in Australia. Total returns to shareholders of 66% over the past three years. Board Change • Aug 29
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Keng Ong was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 04
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Keng Ong was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Keng Ong was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 13
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Keng Ong was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Jul 04
CI Resources Limited Announces Executive Changes CI Resources Limited announced the change of Dato' Sri Lip Sin Tee's role from Executive Director to Non-Executive Director and Mr. Lip Jen Tee's role from Non-Executive Director to Executive Director of the Company effective from 1 July 2023. Valuation Update With 7 Day Price Move • May 22
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to AU$1.01, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 10x in the Metals and Mining industry in Australia. Total returns to shareholders of 44% over the past three years. Upcoming Dividend • Mar 16
Upcoming dividend of AU$0.025 per share at 2.7% yield Eligible shareholders must have bought the stock before 23 March 2023. Payment date: 21 April 2023. Payout ratio is a comfortable 18% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of Australian dividend payers (7.1%). Lower than average of industry peers (8.5%). Reported Earnings • Mar 02
First half 2023 earnings released: EPS: AU$0.19 (vs AU$0.059 in 1H 2022) First half 2023 results: EPS: AU$0.19 (up from AU$0.059 in 1H 2022). Revenue: AU$575.7m (up 168% from 1H 2022). Net income: AU$21.5m (up 226% from 1H 2022). Profit margin: 3.7% (up from 3.1% in 1H 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Annuncio • Jan 09
CI Resources Limited Announces Board Changes CI Resources Limited announced the following changes to its Board of Directors. Dato' Sri Kamaruddin bin Mohamed resigned as an Independent Non-Executive Director effective from 31 December 2022; and Keng Siew Ong appointed to the Board as an Independent Non-Executive Director effective from 1 January 2023. Dato' Sri Kamaruddin bin Mohamed has been a Director of CIRL since 17 January 2013. Dato' Sri Kamaruddin has been appointed as a Director and Chair of the wholly owned subsidiary of the Company, Phosphate Resources (Malaysia) Sdn Bhd (PRM) and will continue as Chair of Cheekah Kemayan Plantations Sdn Bhd, a wholly owned subsidiary of PRM. Mr. Keng Siew Ong is a Fellow of the Chartered Association of Certified Accountants, United Kingdom. He is also a member of the Malaysian Institute of Accountants. Mr. Ong began his career with Paramount Corporation Berhad (Paramount) in 1981 as an Accountant and after serving Paramount in various positions for over 30 years, he retired as Managing director and CEO in June 2012. Mr. Ong is currently an Independent Non-Executive Director of Paramount Corporation Berhad, United Malacca Berhad and Pekat Group Berhad, all listed on Bursa Malaysia. Board Change • Dec 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. MD, CEO & Executive Director Ah Hong Lai was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 30
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. MD, CEO & Executive Director Ah Hong Lai was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 02
Full year 2022 earnings released: EPS: AU$0.066 (vs AU$0.059 in FY 2021) Full year 2022 results: EPS: AU$0.066 (up from AU$0.059 in FY 2021). Revenue: AU$538.7m (up 268% from FY 2021). Net income: AU$7.58m (up 12% from FY 2021). Profit margin: 1.4% (down from 4.6% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of AU$0.01 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 28 October 2022. Payout ratio is a comfortable 46% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Australian dividend payers (6.8%). Lower than average of industry peers (9.9%). Reported Earnings • Sep 01
Full year 2022 earnings released: EPS: AU$0.066 (vs AU$0.059 in FY 2021) Full year 2022 results: EPS: AU$0.066 (up from AU$0.059 in FY 2021). Revenue: AU$538.7m (up 268% from FY 2021). Net income: AU$7.58m (up 12% from FY 2021). Profit margin: 1.4% (down from 4.6% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Annuncio • Sep 01
CI Resources Limited Recommends Final Dividend for Year Ended 30 June 2022, Payable on 28 October 2022 CI Resources Limited Dividends recommend that a final dividend of 1.0 cent be paid in respect of the year ended 30 June 2022. Date the final dividend is payable 28 October 2022 Record date to determine entitlements to the dividend 30 September 2022 Date final dividend was declared 25 August 2022. Annuncio • Aug 31
CI Resources Limited, Annual General Meeting, Nov 29, 2022 CI Resources Limited, Annual General Meeting, Nov 29, 2022, at 10:00 W. Australia Standard Time. Location: One World Hotel, First Avenue, Bandar Utama City Centre 47800 Petaling Jaya Selangar Malaysia Agenda: Annual General Meeting. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment deteriorated over the past week After last week's 16% share price decline to AU$1.06, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 9x in the Metals and Mining industry in Australia. Total loss to shareholders of 19% over the past three years. Board Change • Aug 26
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. MD, CEO & Executive Director Ah Hong Lai was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Jul 06
CI Resources Limited (ASX:CII) completed the acquisition of a 60% stake in Liven Nutrients Pte Ltd from Liven Agrichem Pte Ltd. CI Resources Limited (ASX:CII) entered into a Joint Venture agreement to acquire a 60% stake in Liven Nutrients Pte Ltd from Liven Agrichem Pte Ltd for $3 million on April 8, 2022. CIRL will fund this transaction from cash reserves. Under the terms of the joint venture agreement, CI Resources has the right to appoint three directors to the Liven Nutrients’ Board with Liven Agrichem appointing two directors. CI Resources and Liven Agrichem to jointly appoint an independent director who will be the Chair of the Liven Nutrients’ Board. The transaction is subject to standard conditions precedent for transactions of this nature, including the completion of due diligence (which has now been satisfied), obtaining any necessary third-party approvals (which CIRL considers are not required) and there being no material adverse change in the business prior to completion. The transaction is expected to complete on April 30, 2022.
CI Resources Limited (ASX:CII) completed the acquisition of a 60% stake in Liven Nutrients Pte Ltd from Liven Agrichem Pte Ltd on July 5, 2022. Annuncio • Jul 01
CI Resources Limited Announces Appointment of Adrian Gurgone as an Executive Director of the Company CI Resources Limited announced the appointment of Mr. Adrian Gurgone as an executive director of the company. Mr. Gurgone is currently an independent director of CIRL and commences his new role on 1 July 2022. The terms and conditions of his employment contract are still to be agreed and will be considered for approval at the next meeting of the board of directors in August. His remuneration will be substantially similar to the total amounts paid to him as a director and to Ethical Accounts (of which he is a director) for their services, which is disclosed in CIRL's annual report. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. MD, CEO & Executive Director Ah Hong Lai was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improved over the past week After last week's 20% share price gain to AU$1.19, the stock trades at a trailing P/E ratio of 19x. Average trailing P/E is 12x in the Metals and Mining industry in Australia. Total loss to shareholders of 21% over the past three years. Annuncio • Apr 09
CI Resources Limited (ASX:CII) entered into a Joint Venture Agreement to acquire a 60% stake in Liven Nutrients Pte Ltd from Liven Agrichem Pte Ltd for $3 million. CI Resources Limited (ASX:CII) entered into a Joint Venture agreement to acquire a 60% stake in Liven Nutrients Pte Ltd from Liven Agrichem Pte Ltd for $3 million on April 8, 2022. CIRL will fund this transaction from cash reserves. The transaction is subject to standard conditions precedent for transactions of this nature, including the completion of due diligence (which has now been satisfied), obtaining any necessary third-party approvals (which CIRL considers are not required) and there being no material adverse change in the business prior to completion. The transaction is expected to complete on April 30, 2022. Upcoming Dividend • Mar 17
Upcoming dividend of AU$0.02 per share Eligible shareholders must have bought the stock before 24 March 2022. Payment date: 22 April 2022. Payout ratio is a comfortable 47% but the company is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of Australian dividend payers (5.8%). Lower than average of industry peers (9.1%). Annuncio • Feb 26
CI Resources Limited Declares Distribution for the Six Months Ended December 31, 2021, Payable on April 22, 2022 CI Resources Limited declares distribution of AUD 0.02000000 for the six months ended December 31, 2021, payable on April 22, 2022. Ex Date is March 24, 2022 and Record Date is March 25, 2022. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improved over the past week After last week's 16% share price gain to AU$1.26, the stock trades at a trailing P/E ratio of 21.3x. Average trailing P/E is 17x in the Metals and Mining industry in Australia. Total loss to shareholders of 8.9% over the past three years. Board Change • Jan 26
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. MD, CEO & Executive Director Ah Hong Lai was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 31
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. MD, CEO & Executive Director Ah Hong Lai was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 07
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. MD, CEO & Executive Director Ah Hong Lai was the last director to join the board, commencing their role in 2015. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment improved over the past week After last week's 20% share price gain to AU$1.20, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 15x in the Metals and Mining industry in Australia. Total loss to shareholders of 26% over the past three years. Upcoming Dividend • Sep 23
Upcoming dividend of AU$0.01 per share Eligible shareholders must have bought the stock before 30 September 2021. Payment date: 29 October 2021. Trailing yield: 1.7%. Lower than top quartile of Australian dividend payers (5.4%). Lower than average of industry peers (11%). Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment improved over the past week After last week's 16% share price gain to AU$1.17, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 12x in the Metals and Mining industry in Australia. Total loss to shareholders of 21% over the past three years. Reported Earnings • Mar 03
First half 2021 earnings released: EPS AU$0.053 (vs AU$0.022 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: AU$76.5m (up 11% from 1H 2020). Net income: AU$6.15m (up 139% from 1H 2020). Profit margin: 8.0% (up from 3.7% in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 83% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Annuncio • Jun 22
CI Resources Limited(ASX:CII) dropped from S&P/ASX All Ordinaries Index CI Resources Limited(ASX:CII) dropped from S&P/ASX All Ordinaries Index