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Lakes Oil

ASX:LKO
Snowflake Description

Excellent balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LKO
ASX
A$33M
Market Cap
  1. Home
  2. AU
  3. Energy
Company description

Lakes Oil NL, together with its subsidiaries, engages in the exploration of oil and gas properties in Australia and the United States. The last earnings update was 35 days ago. More info.


Add to Portfolio Compare Print
  • Lakes Oil has significant price volatility in the past 3 months.
LKO Share Price and Events
7 Day Returns
0%
ASX:LKO
1.4%
AU Oil and Gas
0.7%
AU Market
1 Year Returns
-66.7%
ASX:LKO
3.8%
AU Oil and Gas
4.7%
AU Market
LKO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Lakes Oil (LKO) 0% 0% 0% -66.7% 0% -75%
AU Oil and Gas 1.4% -1.6% 5.5% 3.8% 28.7% -32.5%
AU Market 0.7% 1.1% 6.5% 4.7% 17.5% 4.9%
1 Year Return vs Industry and Market
  • LKO underperformed the Oil and Gas industry which returned 3.8% over the past year.
  • LKO underperformed the Market in Australia which returned 4.7% over the past year.
Price Volatility
LKO
Industry
5yr Volatility vs Market

Value

 Is Lakes Oil 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 Lakes Oil. This is due to cash flow or dividend data being unavailable. The share price is A$0.001.
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 Lakes Oil's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Lakes Oil's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:LKO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.00
ASX:LKO Share Price ** ASX (2019-04-18) in AUD A$0
Australia Oil and Gas Industry PE Ratio Median Figure of 23 Publicly-Listed Oil and Gas Companies 7.92x
Australia Market PE Ratio Median Figure of 545 Publicly-Listed Companies 16.18x

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

** Primary Listing of Lakes Oil.

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

= ASX:LKO Share Price ÷ EPS (both in AUD)

= 0 ÷ 0.00

-8.13x

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

  • Lakes Oil is loss making, we can't compare its value to the AU Oil and Gas industry average.
  • Lakes Oil is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Lakes Oil's expected growth come at a high price?
Raw Data
ASX:LKO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -8.13x
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 0.24x
Australia Market PEG Ratio Median Figure of 361 Publicly-Listed Companies 1.38x

*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 Lakes Oil, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Lakes Oil's assets?
Raw Data
ASX:LKO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.00
ASX:LKO Share Price * ASX (2019-04-18) in AUD A$0
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 1.68x
ASX:LKO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:LKO Share Price ÷ Book Value per Share (both in AUD)

= 0 ÷ 0.00

2.15x

* Primary Listing of Lakes Oil.

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

  • Lakes Oil is overvalued based on assets compared to the AU Oil and Gas industry average.
X
Value checks
We assess Lakes Oil'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. Lakes Oil has a total score of 0/6, 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.

Future Performance

 How is Lakes Oil 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 Lakes Oil 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
4.2%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Lakes Oil expected to grow at an attractive rate?
  • Unable to compare Lakes Oil's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Lakes Oil's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare Lakes Oil's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:LKO Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 4.2%
Australia Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.7%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.6%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.1%

*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:LKO 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 AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:LKO Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 0 -3 -4
2018-09-30 0 -3 -3
2018-06-30 0 -2 -2
2018-03-31 0 -3 -2
2017-12-31 0 -3 -3
2017-09-30 0 -3 -5
2017-06-30 0 -3 -8
2017-03-31 0 -3 -31
2016-12-31 0 -3 -55
2016-09-30 0 -3 -52
2016-06-30 0 -2 -50
2016-03-31 0 -2 -26

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Lakes Oil is high growth as no earnings estimate data is available.
  • Unable to determine if Lakes Oil 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:LKO 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 Lakes Oil Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:LKO Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.00
2018-09-30 0.00
2018-06-30 0.00
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 0.00

*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 Lakes Oil will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Lakes Oil'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. Lakes Oil'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. Lakes Oil'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 Lakes Oil'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.
Lakes Oil 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.

Past Performance

  How has Lakes Oil 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 Lakes Oil'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.
  • Lakes Oil does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Lakes Oil's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Lakes Oil's 1-year growth to the AU Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Lakes Oil'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 Lakes Oil Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:LKO Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 0.05 -3.54 2.36 1.02
2018-09-30 0.03 -2.79 2.06 0.51
2018-06-30 0.02 -2.04 1.76
2018-03-31 0.05 -2.46 2.14
2017-12-31 0.07 -2.89 2.51
2017-09-30 0.09 -5.25 2.77
2017-06-30 0.11 -7.61 3.03
2017-03-31 0.10 -31.16 3.03
2016-12-31 0.10 -54.72 3.04
2016-09-30 0.09 -52.15 3.10
2016-06-30 0.07 -49.59 3.15
2016-03-31 0.06 -25.94 3.13
2015-12-31 0.05 -2.29 3.10
2015-09-30 0.19 -2.52 3.00
2015-06-30 0.33 -2.74 2.90
2015-03-31 0.54 -2.70 2.85
2014-12-31 0.75 -2.67 2.81
2014-09-30 0.62 -2.92 2.86
2014-06-30 0.49 -3.17 2.92
2014-03-31 0.20 -3.00 2.94
2013-12-31 -0.08 -2.82 2.95
2013-09-30 -0.09 -2.89 3.03
2013-06-30 -0.10 -2.95 3.11
2013-03-31 -0.21 -3.14 3.04
2012-12-31 -0.31 -3.34 2.98
2012-09-30 -0.32 -3.18 2.77
2012-06-30 -0.32 -3.02 2.57

*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 Lakes Oil has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Lakes Oil 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 Lakes Oil 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 Lakes Oil'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.
Lakes Oil 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.

Health

 How is Lakes Oil'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 Lakes Oil's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Lakes Oil's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Lakes Oil's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Lakes Oil'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.
  • High level of physical assets or inventory.
  • Lakes Oil 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 Lakes Oil Company Filings, last reported 3 months ago.

ASX:LKO Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 14.42 0.00 3.07
2018-09-30 14.42 0.00 3.07
2018-06-30 13.20 0.00 1.29
2018-03-31 13.20 0.00 1.29
2017-12-31 14.05 1.06 3.50
2017-09-30 14.05 1.06 3.50
2017-06-30 11.08 1.13 0.59
2017-03-31 11.08 1.13 0.59
2016-12-31 1.97 1.29 0.54
2016-09-30 1.97 1.29 0.54
2016-06-30 6.82 1.22 1.69
2016-03-31 6.82 1.22 1.69
2015-12-31 55.36 0.42 2.03
2015-09-30 55.36 0.42 2.03
2015-06-30 56.01 1.69 3.79
2015-03-31 56.01 1.69 3.79
2014-12-31 54.09 0.00 1.45
2014-09-30 54.09 0.00 1.45
2014-06-30 55.22 0.08 3.88
2014-03-31 55.22 0.08 3.88
2013-12-31 56.72 0.17 3.98
2013-09-30 56.72 0.17 3.98
2013-06-30 57.98 1.92 7.88
2013-03-31 57.98 1.92 7.88
2012-12-31 53.93 1.41 3.90
2012-09-30 53.93 1.41 3.90
2012-06-30 53.91 0.00 2.05
  • Lakes Oil has no debt.
  • Lakes Oil has no debt compared to 5 years ago when it was 0.3%.
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.

  • Lakes Oil has sufficient cash runway for 1.1 years based on current free cash flow.
  • Lakes Oil has sufficient cash runway for 1.1 years if free cash flow continues to grow at historical rates of 1.9% each year.
X
Financial health checks
We assess Lakes Oil'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. Lakes Oil has a total score of 5/6, 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.

Dividends

 What is Lakes Oil'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 Lakes Oil dividends.
If you bought A$2,000 of Lakes Oil 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 Lakes Oil's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Lakes Oil'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:LKO 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 2.5%
Australia Top 25% Dividend Yield 75th Percentile 5.8%

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 Lakes Oil has not reported any payouts.
  • Unable to verify if Lakes Oil's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Lakes Oil's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Lakes Oil 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 Lakes Oil'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 Lakes Oil afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Lakes Oil 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.

Management

 What is the CEO of Lakes Oil'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
Roland Sleeman
COMPENSATION A$155,063
TENURE AS CEO 2.8 years
CEO Bio

Mr. Roland Kingsbury Sleeman, B.Eng (Mech), MBA has been Director of Rawson Oil and Gas Limited since August, 2018. He has been Chief Executive Officer of Lakes Oil NL since June 8, 2016. Mr. Sleeman served as the Managing Director of Lakes Oil NL since June 2016. Mr. Sleeman served as the Chief Commercial Officer of Eastern Star Gas Ltd. since November 1, 2007 and also served as its General Manager of Commercial. Mr. Sleeman has served senior management roles, including with AGL and as General Manager of the Goldfields Gas Pipeline. He provided specialist commercial, regulatory and project development advice to both the public and private sectors. His extensive Australian energy industry experience, including gas, coal and electricity contracting. Mr. Sleeman is a highly regarded energy industry executive and advisor. Mr Sleeman is the Independent Market Operator of WA and he has been involved in the provision of technical and commercial advice to parties including the Australian Energy Regulator and the Northern Territory Power and Water Corporation. Mr. Sleeman has over 30 years' experience in oil and gas as well as utilities and infrastructure. Mr. Sleeman has extensive engineering and business experience including negotiation of gas sales agreements that provided a foundation for development of the North West Shelf Project, commercialisation of new gas and power station opportunities and management of major gas transmission pipeline infrastructure. He has been Non-Executive Director at Armour Energy Limited since October 11, 2011. He served as a Director of Lakes Oil NL since August 19, 2016. He has been a Director of Epic Energy Corporate Shared Services Pty Ltd. since December 14, 2012. In 2004, he authored the Government and industry sponsored landmark report titled Facilitating the Development of Natural Gas in Northeastern NSW. He holds a Bachelor of Engineering (Mechanical) and Master of Business Administration qualifications, both from the University of Western Australia.

CEO Compensation
  • Roland's compensation has been consistent with company performance over the past year.
  • Roland's remuneration is lower than average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the Lakes Oil management team in years:

2.8
Average Tenure
  • The tenure for the Lakes Oil management team is about average.
Management Team

Roland Sleeman

TITLE
Chief Executive Officer
COMPENSATION
A$155K
TENURE
2.8 yrs

Tim O’Brien

TITLE
Operations Manager
COMPENSATION
A$243K
TENURE
12.3 yrs

Melanie Leydin

TITLE
CFO & Company Secretary
AGE
45
TENURE
2.8 yrs

Bob Thompson

TITLE
Executive Officer

Sarah Rooke

TITLE
Executive Officer

Theo Theophanous

TITLE
Executive Officer

Guy Holdgate

TITLE
Technical Consultant
Board of Directors Tenure

Average tenure and age of the Lakes Oil board of directors in years:

5.5
Average Tenure
71
Average Age
  • The tenure for the Lakes Oil board of directors is about average.
Board of Directors

Chris Tonkin

TITLE
Non-Executive Chairman
COMPENSATION
A$33K
TENURE
2.9 yrs

Barney Berold

TITLE
Non-Executive Director
COMPENSATION
A$33K
TENURE
12.2 yrs

Nick Mather

TITLE
Non-Executive Director
COMPENSATION
A$33K
AGE
61
TENURE
7.2 yrs

Ian Plimer

TITLE
Non-Executive Director
COMPENSATION
A$33K
AGE
71
TENURE
6.3 yrs

Kyle Wightman

TITLE
Non-Executive Director
COMPENSATION
A$39K
AGE
73
TENURE
4.7 yrs

Richard Ash

TITLE
Non-Executive Director
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Lakes Oil insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
20. Mar 19 Sell Hancock Prospecting Pty Ltd. Company 18. Mar 19 19. Mar 19 -164,553,902 A$0.00 A$-164,595
18. Mar 19 Buy Sari Holdings Pty Ltd Company 14. Mar 19 14. Mar 19 2,777,780 A$0.00 A$2,778
18. Mar 19 Buy Christopher Tonkin Individual 14. Mar 19 14. Mar 19 1,843,780 A$0.00 A$1,844
18. Mar 19 Buy Barney Berold Individual 14. Mar 19 14. Mar 19 1,843,780 A$0.00 A$1,844
18. Mar 19 Buy Samuel Capital Pty Ltd Company 14. Mar 19 14. Mar 19 2,777,780 A$0.00 A$2,778
18. Mar 19 Buy Kyle Wightman Individual 14. Mar 19 14. Mar 19 2,293,780 A$0.00 A$2,294
18. Mar 19 Buy Ian Plimer Individual 14. Mar 19 14. Mar 19 1,843,780 A$0.00 A$1,844
25. Feb 19 Buy Christopher Tonkin Individual 22. Feb 19 22. Feb 19 11,437,360 A$0.00 A$11,441
25. Feb 19 Buy Richard Ash Individual 22. Feb 19 22. Feb 19 4,470,000 A$0.00 A$4,471
25. Feb 19 Buy Barney Berold Individual 22. Feb 19 22. Feb 19 10,801,930 A$0.00 A$10,805
25. Feb 19 Buy Samuel Capital Pty Ltd Company 22. Feb 19 22. Feb 19 13,981,500 A$0.00 A$13,986
25. Feb 19 Buy Kyle Wightman Individual 22. Feb 19 22. Feb 19 13,342,330 A$0.00 A$13,347
25. Feb 19 Buy Ian Plimer Individual 22. Feb 19 22. Feb 19 11,812,360 A$0.00 A$11,816
22. Feb 19 Buy Dark Horse Resources Limited Company 22. Feb 19 22. Feb 19 500,000,000 A$0.00 A$499,457
X
Management checks
We assess Lakes Oil'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. Lakes Oil 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.

News

Simply Wall St News

What Investors Should Know About Lakes Oil NL's (ASX:LKO) Financial Strength

However, it also faces higher cost of capital given interest cost is generally lower than equity. … Is LKO right in choosing financial flexibility over lower cost of capital. … There are well-known benefits of including debt in capital structure, primarily a lower cost of capital

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Are Lakes Oil NL's (ASX:LKO) Interest Costs Too High?

While small-cap stocks, such as Lakes Oil NL (ASX:LKO) with its market cap of AU$57.55m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

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Does Lakes Oil NL's (ASX:LKO) CEO Pay Reflect Performance?

Performance can be measured based on factors such as earnings and total shareholder return (TSR). … Despite the fact that there is no cookie-cutter approach, as remuneration should account for specific factors of the company and market, we can fashion a high-level thresold to see if LKO is an outlier. … Normally I would use earnings and market cap to account for variations in performance, however, LKO's negative earnings reduces the effectiveness of this method.

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What You Must Know About Lakes Oil NL's (ASX:LKO) Financial Strength

Moving onto cash from operations, its small level of operating cash flow means calculating cash-to-debt wouldn't be too useful, though these low levels of cash means that operational efficiency is worth a look. … ASX:LKO Historical Debt Apr 24th 18 Is LKO’s debt level acceptable? … Investors' risk associated with debt is virtually non-existent with LKO, and the company has plenty of headroom and ability to raise debt should it need to in the future.Next Steps: Although LKO’s debt level is relatively low, its cash flow levels still could not copiously cover its borrowings.

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Lakes Oil NL (ASX:LKO): What Does It Mean For Your Portfolio?

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … This is an interesting conclusion, since both LKO’s size and industry indicates the stock should have a higher beta than it currently has. … However, this is the opposite to what LKO’s actual beta value suggests, which is lower stock volatility relative to the market.

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Where Lakes Oil NL (ASX:LKO) Stands In Terms Of Earnings Growth Against Its Industry

The two benchmarks I used were Lakes Oil's average earnings over the past couple of years, and its industry performance. … ASX:LKO Income Statement Mar 8th 18 We can further examine Lakes Oil's loss by looking at what the industry has been experiencing over the past few years. … Each year, for the past five years Lakes Oil's top-line has risen by 32.75% on average, signalling that the company is in a high-growth period with expenses racing ahead revenues, leading to annual losses.

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Who Are Lakes Oil NL's (ASX:LKO) Major Shareholders?

In this article, I'm going to take a look at Lakes Oil NL’s (ASX:LKO) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … The company hardly has institutions in its ownership structure, indicating limited concern for investors to worry about potential sell-offs that could arise due to extensive liquidation. … Private Company Ownership Potential investors in LKO should also look at another important group of investors: private companies, with a stake of 13.26%, who are primarily invested because of strategic and capital gain interests.

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What does Lakes Oil NL's (ASX:LKO) Balance Sheet Tell Us Abouts Its Future?

Moving onto cash from operations, its operating cash flow is not yet significant enough to calculate a meaningful cash-to-debt ratio, indicating that operational efficiency is something we’d need to take a look at. … Looking at LKO’s most recent A$2.4M liabilities, it seems that the business has not maintained a sufficient level of current assets to meet its obligations, with the current ratio last standing at 0.54x, which is below the prudent industry ratio of 3x. … LKO's risk around capital structure is low, and the company has the headroom and ability to raise debt should it need to in the future.Next Steps: Although LKO’s debt level is relatively low, its cash flow levels still could not copiously cover its borrowings.

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Should You Be Content With Lakes Oil NL's (ASX:LKO) 89.2% Earnings Growth?

In this article, I will take a look at Lakes Oil NL's (ASX:LKO) most recent earnings update (30 June 2017) and compare these latest figures against its performance over the past few years, along with how the rest of LKO's industry performed. … For the most up-to-date info, I use data from the most recent 12 months, which either annualizes the most recent 6-month earnings update, or in some cases, the most recent annual report is already the latest available financial data. … Lakes Oil NL's most recent earnings -A$7.6M, which, against the prior year's figure, has become less negative.

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Is Lakes Oil NL (ASX:LKO) Still A Cheap Oil & Gas Stock?

This rate is below the growth rate of the Australian stock market as a whole. … Only now has the sector begun to emerge from its turmoil, and over the past year, the industry turnaround led to growth of over 50%, beating the Australian market growth of 5.37%. … ASX:LKO PE PEG Gauge Nov 7th 17 The oil and gas industry is trading at a PE ratio of 11x, lower than the rest of the Australian stock market PE of 17x.

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Company Info

Description

Lakes Oil NL, together with its subsidiaries, engages in the exploration of oil and gas properties in Australia and the United States. It holds interests in various petroleum retention and exploration permits located onshore Gippsland basin and onshore Otway basin, Victoria; onshore Queensland; onshore South Australia; and Papua New Guinea, as well as a 17.97% interest in the Eagle prospect located onshore California, the United States. The company was founded in 1946 and is based in South Melbourne, Australia.

Details
Name: Lakes Oil NL
LKO
Exchange: ASX
Founded: 1946
A$33,213,500
33,213,500,451
Website: http://lakesoil.net.au
Address: Lakes Oil NL
100 Albert Road,
Level 4,
South Melbourne,
Victoria, 3205,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX LKO Ordinary Shares Australian Securities Exchange AU AUD 02. Jan 1992
OTCPK LKOL.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB LKS Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
CHIA LKO Ordinary Shares Chi-X Australia AU AUD 02. Jan 1992
Number of employees
Current staff
Staff numbers
0
Lakes Oil employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 10:32
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.