Loading...

African Energy Resources

ASX:AFR
Snowflake Description

Flawless balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AFR
ASX
A$9M
Market Cap
  1. Home
  2. AU
  3. Energy
Company description

African Energy Resources Limited develops various integrated power projects in Botswana. The last earnings update was 34 days ago. More info.


Add to Portfolio Compare Print
  • African Energy Resources has significant price volatility in the past 3 months.
AFR Share Price and Events
7 Day Returns
-8.3%
ASX:AFR
0.2%
AU Oil and Gas
0.3%
AU Market
1 Year Returns
-57.7%
ASX:AFR
3.4%
AU Oil and Gas
5.2%
AU Market
AFR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
African Energy Resources (AFR) -8.3% -15.4% -45% -57.7% -75.6% -87.1%
AU Oil and Gas 0.2% -3.5% 5.1% 3.4% 35% -32.6%
AU Market 0.3% 1% 7.2% 5.2% 19.2% 4.9%
1 Year Return vs Industry and Market
  • AFR underperformed the Oil and Gas industry which returned 3.4% over the past year.
  • AFR underperformed the Market in Australia which returned 5.2% over the past year.
Price Volatility
AFR
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for African Energy Resources's competitors could be found in our database.

AFR Value

 Is African Energy Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for African Energy Resources. This is due to cash flow or dividend data being unavailable. The share price is A$0.011.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for African Energy Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are African Energy Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:AFR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.01
ASX:AFR Share Price ** ASX (2019-04-18) in AUD A$0.01
ASX:AFR Share Price converted to USD reporting currency Exchange rate (AUD/ USD) 0.717 $0.01
Australia Oil and Gas Industry PE Ratio Median Figure of 23 Publicly-Listed Oil and Gas Companies 7.88x
Australia Market PE Ratio Median Figure of 544 Publicly-Listed Companies 16.05x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of African Energy Resources.

ASX:AFR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:AFR Share Price ÷ EPS (both in USD)

= 0.01 ÷ -0.01

-1.23x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • African Energy Resources is loss making, we can't compare its value to the AU Oil and Gas industry average.
  • African Energy Resources is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does African Energy Resources's expected growth come at a high price?
Raw Data
ASX:AFR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Australia Oil and Gas Industry PEG Ratio Median Figure of 17 Publicly-Listed Oil and Gas Companies 0.25x
Australia Market PEG Ratio Median Figure of 361 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for African Energy Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on African Energy Resources's assets?
Raw Data
ASX:AFR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $0.02
ASX:AFR Share Price * ASX (2019-04-18) in AUD A$0.01
ASX:AFR Share Price converted to USD reporting currency Exchange rate (AUD/ USD) 0.717 $0.01
Australia Oil and Gas Industry PB Ratio Median Figure of 144 Publicly-Listed Oil and Gas Companies 1.31x
Australia Market PB Ratio Median Figure of 1,676 Publicly-Listed Companies 1.69x
ASX:AFR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:AFR Share Price ÷ Book Value per Share (both in USD)

= 0.01 ÷ 0.02

0.39x

* Primary Listing of African Energy Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • African Energy Resources is good value based on assets compared to the AU Oil and Gas industry average.
X
Value checks
We assess African Energy Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. African Energy Resources has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

AFR Future Performance

 How is African Energy Resources expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as African Energy Resources has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.6%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is African Energy Resources expected to grow at an attractive rate?
  • Unable to compare African Energy Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare African Energy Resources's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare African Energy Resources's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:AFR Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 4.6%
Australia Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.8%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.6%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:AFR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:AFR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 -1 -4
2018-09-30 -1 -4
2018-06-30 -1 -4
2018-03-31 -1 -3
2017-12-31 -1 -1
2017-09-30 -1 -1
2017-06-30 -1 -2
2017-03-31 0 -1 -1
2016-12-31 0 -1 -1
2016-09-30 0 -1 -1
2016-06-30 0 -1 -2
2016-03-31 0 -1 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if African Energy Resources is high growth as no earnings estimate data is available.
  • Unable to determine if African Energy Resources is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:AFR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from African Energy Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:AFR Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.01
2018-09-30 -0.01
2018-06-30 -0.01
2018-03-31 0.00
2017-12-31 0.00
2017-09-30 0.00
2017-06-30 0.00
2017-03-31 0.00
2016-12-31 0.00
2016-09-30 0.00
2016-06-30 0.00
2016-03-31 -0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if African Energy Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine African Energy Resources's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. African Energy Resources's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  3. African Energy Resources's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess African Energy Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
African Energy Resources has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

AFR Past Performance

  How has African Energy Resources performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare African Energy Resources's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • African Energy Resources does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare African Energy Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare African Energy Resources's 1-year growth to the AU Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
African Energy Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from African Energy Resources Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:AFR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 -4.49 0.72
2018-09-30 -4.25 0.80
2018-06-30 -4.01 0.89
2018-03-31 -2.67 1.11
2017-12-31 -1.27 1.30
2017-09-30 -1.45 1.26
2017-06-30 -1.62 1.23
2017-03-31 0.04 -1.23 0.98
2016-12-31 0.05 -1.21 1.11
2016-09-30 0.09 -1.46 1.32
2016-06-30 0.12 -1.71 1.53
2016-03-31 0.13 -3.17 1.64
2015-12-31 0.14 -4.64 1.76
2015-09-30 0.10 -4.87 2.00
2015-06-30 0.07 -5.11 2.25
2015-03-31 0.04 -5.47 2.45
2014-12-31 0.01 -5.83 2.65
2014-09-30 0.03 -6.30 2.74
2014-06-30 0.06 -6.78 2.82
2014-03-31 0.07 -8.89 3.15
2013-12-31 0.09 -11.00 3.47
2013-09-30 0.07 -11.77 3.93
2013-06-30 0.05 -12.55 4.39
2013-03-31 0.07 -11.95 4.28
2012-12-31 0.10 -11.34 4.17
2012-09-30 0.18 -10.46 3.95
2012-06-30 0.26 -9.58 3.73

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if African Energy Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if African Energy Resources has efficiently used its assets last year compared to the AU Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if African Energy Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess African Energy Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
African Energy Resources has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

AFR Health

 How is African Energy Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up African Energy Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • African Energy Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • African Energy Resources has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of African Energy Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • African Energy Resources has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from African Energy Resources Company Filings, last reported 3 months ago.

ASX:AFR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 12.59 0.00 2.92
2018-09-30 12.59 0.00 2.92
2018-06-30 13.39 0.00 3.45
2018-03-31 13.39 0.00 3.45
2017-12-31 18.80 0.00 4.16
2017-09-30 18.80 0.00 4.16
2017-06-30 16.60 0.00 2.62
2017-03-31 17.70 0.00 2.62
2016-12-31 18.33 0.00 3.22
2016-09-30 18.33 0.00 3.22
2016-06-30 19.00 0.00 3.94
2016-03-31 19.00 0.00 3.94
2015-12-31 19.81 0.00 4.87
2015-09-30 19.81 0.00 4.87
2015-06-30 21.31 0.00 6.24
2015-03-31 21.31 0.00 6.24
2014-12-31 25.03 0.00 2.71
2014-09-30 25.03 0.00 2.71
2014-06-30 20.59 5.00 3.32
2014-03-31 20.59 5.00 3.32
2013-12-31 21.59 5.00 3.42
2013-09-30 21.59 5.00 3.42
2013-06-30 19.37 5.00 5.63
2013-03-31 19.37 5.00 5.63
2012-12-31 23.09 5.00 3.66
2012-09-30 23.09 5.00 3.66
2012-06-30 23.14 5.00 5.32
  • African Energy Resources has no debt.
  • African Energy Resources has no debt compared to 5 years ago when it was 23.2%.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • African Energy Resources has sufficient cash runway for more than 3 years based on current free cash flow.
  • African Energy Resources has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -45.8% each year.
X
Financial health checks
We assess African Energy Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. African Energy Resources has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

AFR Dividends

 What is African Energy Resources's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from African Energy Resources dividends.
If you bought A$2,000 of African Energy Resources shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate African Energy Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate African Energy Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:AFR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Australia Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 4.6%
Australia Market Average Dividend Yield Market Cap Weighted Average of 417 Stocks 4.3%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.6%
Australia Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as African Energy Resources has not reported any payouts.
  • Unable to verify if African Energy Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of African Energy Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as African Energy Resources has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess African Energy Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can African Energy Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. African Energy Resources has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

AFR Management

 What is the CEO of African Energy Resources's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Frazer Metallica
COMPENSATION $203,622
TENURE AS CEO 11.4 years
CEO Bio

Dr. Charles Frazer Tabeart Terra Metallica, also known as Frazer, Ph.D., BSc (Hons) ARSM, MAIG has been the Chief Executive officer of African Energy Resources Limited (also known as African Energy Resources (Guernsey) Limited) since November 2007 and also has been its Executive Director of Investor Relations and Business Development since 2018. He serves as Non-Executive Chairman at Arrow Minerals Limited since January 2019 & also serves as Director since 2014.He has been Managing Director and Director at PolarX Ltd. since July 25, 2017. He serves as a Principal of Mitchell River Group. He is a geologist with 30-years international experience in exploration and project development, with strong technical background in porphyry copper-gold systems in SE Asia, SW Pacific, the American Cordillera and central and northern Asia. He spent 16 years with WMC Resources and managing exploration portfolios in the Philippines, Mongolia and Africa. Dr. Tabeart serves as Consultant to Energy Ventures Limited. He serves as a Principal of Geogen Consulting Pty Ltd. He served as the Chief Exploration Manager and Chief Geologist of African Energy Resources (Guernsey) Limited at Energy Ventures Ltd. He has over 25 years experience in international exploration and mining projects and has held a number of senior exploration positions. Whilst with WMC Resources Limited, he gained extensive experience in project generation and evaluation for a range of commodities including copper-gold-uranium systems, nickel sulphides, gold and copper. Whilst with WMC, he spent six years living in Kalgoorlie exploring for nickel and gold in the Eastern Goldfields, followed by an extensive period in WMC's project generation team with a focus on global regional target identification and project generation for Ni-Cu and Cu-Au. This culminated in a two year period where he was regional manager for a large portfolio of Ni-Cu projects in Africa, with an emphasis on Botswana, Zambia, Tanzania, Namibia, Mozambique and Malawi. He also gained extensive project management experience and has been responsible for project portfolios in the Philippines, Mongolia and in Africa. In 2005, Dr. Tabeart left WMC and joined the Mitchell River Group of companies, initially as Head of Exploration for Albidon Limited. In this role he was responsible for the management of a large portfolio of Ni-Cu-PGE projects across southern Africa covering over 60,000km2 across four countries. This included a large project covering 17,000km2 around the world-class Selebi-Phikwe nickel mine in Botswana which is hosted in deformed rocks of the Limpopo Mobile Belt, an ancient geological terrane very similar to the Albany-Fraser province. He has been Executive Director of Agricola Resources plc since June 2008, a UK listed junior explorer with projects in Sweden and Finland. He has been an Executive Director of African Energy Resources Limited since November 1, 2007. He serves as a Director of Mitchell River Group. He has been Non-Executive Director of Segue Resources Limited since September 1, 2014. Dr. Tabeart is a graduate of the Royal School of Mines Imperial College London with a degree and PhD Honours in Mining Geology.

CEO Compensation
  • Frazer's compensation has increased whilst company is loss making.
  • Frazer's remuneration is about average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the African Energy Resources management team in years:

10
Average Tenure
  • The average tenure for the African Energy Resources management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Alasdair Cooke

TITLE
Executive Chairman
COMPENSATION
$105K
AGE
53

Frazer Metallica

TITLE
CEO, Executive Director of Investor Relations & Business Development and Executive Director
COMPENSATION
$204K
TENURE
11.4 yrs

Bill Fry

TITLE
Executive Director of Commercial & Executive Director
COMPENSATION
$98K
AGE
52
TENURE
1.3 yrs

Daniel Davis

TITLE
Company Secretary
COMPENSATION
$90K
TENURE
10 yrs
Board of Directors Tenure

Average tenure and age of the African Energy Resources board of directors in years:

12
Average Tenure
53
Average Age
  • The average tenure for the African Energy Resources board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Alasdair Cooke

TITLE
Executive Chairman
COMPENSATION
$105K
AGE
53
TENURE
12.6 yrs

Frazer Metallica

TITLE
CEO, Executive Director of Investor Relations & Business Development and Executive Director
COMPENSATION
$204K
TENURE
11.4 yrs

Bill Fry

TITLE
Executive Director of Commercial & Executive Director
COMPENSATION
$98K
AGE
52
TENURE
12.7 yrs

Valentine Chitalu

TITLE
Independent Director
COMPENSATION
$34K
AGE
53
TENURE
12.6 yrs

Ian Masterton-Hume

TITLE
Non-Executive Director
COMPENSATION
$33K
AGE
67
TENURE
5.6 yrs

John Dean

TITLE
Non-Executive Director
COMPENSATION
$33K
TENURE
4.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
X
Management checks
We assess African Energy Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. African Energy Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

AFR News

Simply Wall St News

Is African Energy Resources Limited (ASX:AFR) A Financially Sound Company?

The direct benefit for African Energy Resources Limited (ASX:AFR), which sports a zero-debt capital structure, to include debt in its capital structure is the reduced cost of capital. … However, the trade-off is AFR will have to adhere to stricter debt covenants and have less financial flexibility. … Does AFR's growth rate justify its decision for financial flexibility over lower cost of capital

Simply Wall St -

Who Are The Top Investors In African Energy Resources Limited (ASX:AFR)?

See our latest analysis for African Energy Resources ASX:AFR Ownership_summary Jan 24th 18 Institutional Ownership Institutional investors transact in large blocks which can influence the momentum of stock prices, at least in the short-term, especially when there is a low level of public shares available on the market to trade. … Private Company Ownership Another important group of owners for potential investors in AFR are private companies that hold a stake of 10.24% in AFR. … Thus, potential investors should look into these business relations and check how it can impact long-term shareholder returns.What this means for you: Institutional ownership level and composition in AFR is not high nor active enough to significantly impact its investment thesis.

Simply Wall St -

What Are The Drivers Of African Energy Resources Limited's (ASX:AFR) Risks?

A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one. … Check out our latest analysis for African Energy Resources An interpretation of AFR's beta African Energy Resources’s five-year beta of 1.21 means that the company’s value will swing up by more than the market during prosperous times, but also drop down by more in times of downturns. … Therefore, this is a type of risk which is associated with higher beta.

Simply Wall St -

African Energy Resources Limited (ASX:AFR): Has Recent Earnings Growth Beaten Long-Term Trend?

Assessing African Energy Resources Limited's (ASX:AFR) past track record of performance is an insightful exercise for investors. … View our latest analysis for African Energy Resources Commentary On AFR's Past Performance For the purpose of this commentary, I like to use data from the most recent 12 months, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. … This shows that despite the fact that African Energy Resources is presently loss-making, whatever recent headwind the industry is facing, African Energy Resources is less exposed compared to its peers.What does this mean?

Simply Wall St -

Has African Energy Resources Limited (ASX:AFR) Got Enough Cash To Cover Its Short-Term Obligations?

The direct benefit for African Energy Resources Limited (ASX:AFR), which sports a zero-debt capital structure, to include debt in its capital structure is the reduced cost of capital. … View our latest analysis for African Energy Resources Is financial flexibility worth the lower cost of capital? … Given that African Energy Resources is a relatively low-growth company, not taking advantage of lower cost debt may not be the best strategy.

Simply Wall St -

What’s Installed For African Energy Resources Limited (ASX:AFR)?

In this article, I’ll take you through the energy sector growth expectations, as well as evaluate whether AFR is lagging or leading its competitors in the industry. … ASX:AFR Past Future Earnings Nov 11th 17 The oil price collapse triggered a wave of cost reduction among energy businesses as the sector as a whole faced negative growth over the past five years. … However, recently the sector saw a reversal in the downturn, and over the past year, the industry turnaround led to growth of over 50%, beating the Australian market growth of 5.37%.

Simply Wall St -

What's The Outlook For Loss-Making African Energy Resources Limited (ASX:AFR)?

The single most important question to ask when you’re investing in a loss-making company is – will they need to raise cash again, and if so, when? … If the company does not increase its opex next year and remains at the current level of $0.8M, then it should not need to raise further capital for the next few years. … Given that AFR’s opex level is declining year on year, there’s plenty of cash runway for the company, meaning that there’s no urgent need for AFR to raise further cash.

Simply Wall St -

AFR Company Info

Description

African Energy Resources Limited develops various integrated power projects in Botswana. The company operates through Coal-fired Power Projects and Power Investments segments. It holds interests in Mmamantswe power project and Mmamabula West coal project. African Energy Resources Limited was incorporated in 2006 and is based in St Martin, Guernsey.

Details
Name: African Energy Resources Limited
AFR
Exchange: ASX
Founded: 2006
A$8,714,448
622,460,629
Website: http://www.africanenergyresources.com
Address: African Energy Resources Limited
Granite House,
La Grande Rue,
St Martin,
GY1 3RS,
Guernsey
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX AFR CDI NPV Australian Securities Exchange AU AUD 23. Jun 2008
DB BP6 CDI NPV Deutsche Boerse AG DE EUR 23. Jun 2008
CHIA AFR CDI NPV Chi-X Australia AU AUD 23. Jun 2008
Number of employees
Current staff
Staff numbers
0
African Energy Resources employees.
Industry
Coal and Consumable Fuels
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 10:33
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2019/03/15
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.