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Tanga Resources

ASX:TRL
Snowflake Description

Adequate balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TRL
ASX
A$4M
Market Cap
  1. Home
  2. AU
  3. Materials
Company description

Tanga Resources Limited engages in the exploration and production of gold, copper, and base metal resources. The last earnings update was 36 days ago. More info.


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  • Tanga Resources has significant price volatility in the past 3 months.
TRL Share Price and Events
7 Day Returns
0%
ASX:TRL
-3.2%
AU Metals and Mining
-0%
AU Market
1 Year Returns
-70%
ASX:TRL
10.6%
AU Metals and Mining
4.9%
AU Market
TRL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tanga Resources (TRL) 0% 20% 0% -70% -97.4% -72.7%
AU Metals and Mining -3.2% 1.4% 12.4% 10.6% 72.3% 7.8%
AU Market -0% 1.5% 6.5% 4.9% 18.2% 4.8%
1 Year Return vs Industry and Market
  • TRL underperformed the Metals and Mining industry which returned 10.6% over the past year.
  • TRL underperformed the Market in Australia which returned 4.9% over the past year.
Price Volatility
TRL
Industry
5yr Volatility vs Market

TRL Value

 Is Tanga 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 Tanga Resources. This is due to cash flow or dividend data being unavailable. The share price is A$0.003.
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 Tanga Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tanga Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:TRL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$-0.01
ASX:TRL Share Price ** ASX (2019-04-18) in AUD A$0
Australia Metals and Mining Industry PE Ratio Median Figure of 78 Publicly-Listed Metals and Mining Companies 12.55x
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 Tanga Resources.

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

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

= 0 ÷ -0.01

-0.57x

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

  • Tanga Resources is loss making, we can't compare its value to the AU Metals and Mining industry average.
  • Tanga Resources is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Tanga Resources's expected growth come at a high price?
Raw Data
ASX:TRL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.57x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Australia Metals and Mining Industry PEG Ratio Median Figure of 38 Publicly-Listed Metals and Mining Companies 0.65x
Australia Market PEG Ratio Median Figure of 360 Publicly-Listed Companies 1.37x

*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 Tanga Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Tanga Resources's assets?
Raw Data
ASX:TRL 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:TRL Share Price * ASX (2019-04-18) in AUD A$0
Australia Metals and Mining Industry PB Ratio Median Figure of 584 Publicly-Listed Metals and Mining Companies 1.52x
Australia Market PB Ratio Median Figure of 1,676 Publicly-Listed Companies 1.67x
ASX:TRL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0 ÷ 0.00

1.02x

* Primary Listing of Tanga Resources.

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

  • Tanga Resources is good value based on assets compared to the AU Metals and Mining industry average.
X
Value checks
We assess Tanga 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 Metals and Mining 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 Metals and Mining industry average (and greater than 0)? (1 check)
  5. Tanga 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.

TRL Future Performance

 How is Tanga 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 Tanga 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
1.2%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tanga Resources expected to grow at an attractive rate?
  • Unable to compare Tanga Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Tanga Resources's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare Tanga Resources's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:TRL Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 1.2%
Australia Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 0.5%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.5%
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:TRL 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:TRL Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 -1 -4
2018-09-30 -1 -3
2018-06-30 -1 -2
2018-03-31 -1 -4
2017-12-31 -1 -5
2017-09-30 -1 -4
2017-06-30 -1 -2
2017-03-31 -1 -2
2016-12-31 -1 -2
2016-09-30 -1 -1
2016-06-30 0 -1
2016-03-31 0 -1

*GAAP earnings excluding extraordinary items.

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

ASX:TRL Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 -0.01
2018-09-30 0.00
2018-06-30 0.00
2018-03-31 -0.01
2017-12-31 -0.01
2017-09-30 -0.01
2017-06-30 -0.01
2017-03-31 -0.01
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 Tanga Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Tanga 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. Tanga 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 Materials companies here
  3. Tanga 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 Tanga 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.
Tanga 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.

TRL Past Performance

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

ASX:TRL 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 -4.21 1.30
2018-09-30 -2.99 1.27
2018-06-30 -1.77 1.25
2018-03-31 -3.56 1.24
2017-12-31 -5.35 1.23
2017-09-30 -3.92 1.44
2017-06-30 -2.50 1.65
2017-03-31 -2.03 1.55
2016-12-31 -1.57 1.46
2016-09-30 -1.12 1.02
2016-06-30 -0.67 0.59
2016-03-31 -0.65 0.60
2015-12-31 -0.64 0.61
2015-09-30 -0.61 0.59
2015-06-30 -0.59 0.56
2014-12-31 1.09 0.51
2014-09-30 0.28 0.52
2014-06-30 -0.52 0.53
2013-12-31 1.15 0.55
2013-09-30 0.18 0.68
2013-06-30 -0.79 0.80
2013-03-31 -4.61 1.13
2012-12-31 -4.28 1.20
2012-09-30 -2.77 1.32
2012-06-30 -1.26 1.44

*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 Tanga 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 Tanga Resources has efficiently used its assets last year compared to the AU Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Tanga 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 Tanga 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 Metals and Mining 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.
Tanga 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.

TRL Health

 How is Tanga 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 Tanga Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tanga Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Tanga Resources has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Tanga 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.
  • High level of physical assets or inventory.
  • Tanga 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 Tanga Resources Company Filings, last reported 3 months ago.

ASX:TRL Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 3.74 0.00 1.52
2018-09-30 3.74 0.00 1.52
2018-06-30 8.00 0.00 0.73
2018-03-31 8.00 0.00 0.73
2017-12-31 4.32 0.00 1.04
2017-09-30 4.32 0.00 1.04
2017-06-30 6.34 0.01 0.32
2017-03-31 6.34 0.01 0.32
2016-12-31 6.49 0.00 0.41
2016-09-30 6.49 0.00 0.41
2016-06-30 6.55 0.00 2.92
2016-03-31 6.55 0.00 2.92
2015-12-31 2.78 0.00 0.12
2015-09-30 2.78 0.00 0.12
2015-06-30 2.50 0.00 0.23
2014-12-31 2.46 0.00 0.28
2014-09-30 2.46 0.00 0.28
2014-06-30 2.26 0.00 0.32
2013-12-31 2.37 0.00 0.40
2013-09-30 2.37 0.00 0.40
2013-06-30 2.00 0.00 0.26
2013-03-31 2.00 0.00 0.26
2012-12-31 2.64 0.00 0.32
2012-09-30 2.64 0.00 0.32
2012-06-30 6.23 0.00 0.95
  • Tanga Resources has no debt.
  • Tanga Resources had no debt 5 years ago.
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.

  • Tanga Resources has less than a year of cash runway based on current free cash flow.
  • Tanga Resources has less than a year of cash runway if free cash flow continues to grow at historical rates of 6.4% each year.
X
Financial health checks
We assess Tanga 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. Tanga Resources has a total score of 4/6, 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.

TRL Dividends

 What is Tanga 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 Tanga Resources dividends.
If you bought A$2,000 of Tanga 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 Tanga Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Tanga 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:TRL 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 Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 36 Stocks 3.7%
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 Tanga Resources has not reported any payouts.
  • Unable to verify if Tanga Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Tanga Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Tanga 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 Tanga 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 Tanga Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tanga 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.

TRL Management

 What is the CEO of Tanga 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
Matthew Bowles
COMPENSATION A$406,800
TENURE AS CEO 1.8 years
CEO Bio

Mr. Matthew Bowles, B.Com, CPA, ASA, has been Chief Executive Officer at Tanga Resources Limited since June 01, 2017. Mr. Bowles has been Consultant of Alicanto Minerals Limited since April 11, 2016. He has been Non-Executive Director at Alto Metals Limited since February 2019. He served as a Non-Executive Director at Hardey Resources Limited from December 11, 2017 to March 26, 2018. He served as the Head of Corporate Development of Gryphon Minerals Ltd. since November 23, 2009 until December 18, 2014. Mr. Bowles has more than 16 years commercial and corporate finance experience within the resource sector and has a wealth of experience in strategy development and domestic and cross border corporate transactions, including mergers and acquisitions for a number of ASX listed companies in Africa,the Americas and Australia. He was previously Chief Development Officer for a West African focused ASX listed company. He served as an Executive Director of Mergers and Acquisitions team at Ernst & Young. He spent the first eight years of his career with Rio Tinto Ltd., in a number of senior financial roles and four years in London in corporate finance and investment banking. Mr. Bowles served as a Non Executive Director of Tawana Resources NL from May 30, 2011 to January 1, 2015. Mr. Bowles served as Non-Executive Director at Alicanto Minerals Limited until April 11, 2016. He is a Member of the Australian Society of Certified Practising Accountants and the Financial Service of Australasia.

CEO Compensation
  • Insufficient data for Matthew to compare compensation growth.
  • Matthew's remuneration is about average for companies of similar size in Australia.
Management Team

Matthew Bowles

TITLE
Chief Executive Officer
COMPENSATION
A$407K
TENURE
1.8 yrs

John Stockley

TITLE
Technical Director
COMPENSATION
A$252K

Graeme Smith

TITLE
Company Secretary & CFO
AGE
57
Board of Directors Tenure

Average tenure of the Tanga Resources board of directors in years:

0.3
Average Tenure
  • The average tenure for the Tanga Resources board of directors is less than 3 years, this suggests a new board.
Board of Directors

Nigel Lafferty

TITLE
Chairman of the Board
TENURE
0.3 yrs

Matthew Bowles

TITLE
Chief Executive Officer
COMPENSATION
A$407K
TENURE
1.2 yrs

Leslie Ingraham

TITLE
Director
TENURE
0.3 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$) Value (A$)
18. Dec 18 Buy Nigel Lafferty Individual 07. Dec 18 07. Dec 18 1,174,925 A$0.00 A$3,525
13. Nov 18 Buy John Stockley Individual 12. Nov 18 12. Nov 18 75,000 A$0.00 A$301
13. Nov 18 Buy John Stockley Individual 12. Nov 18 12. Nov 18 1,500,000 A$0.00 A$6,023
30. Oct 18 Buy Advino Resources Pty Ltd Company 24. Oct 18 24. Oct 18 15,750,000 A$0.00 A$62,990
01. Nov 18 Sell Nigel Lafferty Individual 28. Sep 18 28. Sep 18 -6,000,000 A$0.01 A$-35,999
01. Nov 18 Buy Nigel Lafferty Individual 16. Aug 18 05. Sep 18 5,139,490 A$0.01 A$46,164
30. Oct 18 Buy Ian Stuart Individual 24. Oct 18 24. Oct 18 666,667 A$0.00 A$2,666
02. Jul 18 Sell Nigel Lafferty Individual 21. Jun 18 21. Jun 18 -4,000,000 A$0.01 A$-31,999
02. Jul 18 Buy Nigel Lafferty Individual 13. Jun 18 27. Jun 18 6,051,313 A$0.01 A$48,788
29. May 18 Buy John Stockley Individual 29. May 18 29. May 18 1,092,774 A$0.01 A$10,928
X
Management checks
We assess Tanga 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. Tanga 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.

TRL News

Simply Wall St News

How Much Of Tanga Resources Limited (ASX:TRL) Do Insiders Own?

The big shareholder groups in Tanga Resources Limited (ASX:TRL) have power over the company. … With a market capitalization of AU$5m, Tanga Resources is a small cap stock, so it might not be well known by many institutional investors. … See our latest analysis for Tanga Resources

Simply Wall St -

Who Are The Major Shareholders Of Tanga Resources Limited (ASX:TRL)?

Insider Ownership Another important group of shareholders are company insiders. … With this size of ownership, retail investors can collectively play a role in major company policies that affect shareholders returns, including executive remuneration and the appointment of directors. … Thus, investors should dig deeper into TRL's business relations with these companies and how it can affect shareholder returns in the long-term.Next Steps: Institutional ownership in TRL is not at a level that would concern investors.

Simply Wall St -

What Did Tanga Resources Limited's (ASX:TRL) CEO Take Home Last Year?

Normally I'd use market cap and profit as factors determining performance, however, TRL's negative earnings lower the usefulness of my formula. … Hopefully this article has given you insight on how shareholders should think about TRL's governance policies such as CEO pay. … To find out more about TRL's governance, look through our infographic report of the company's board and management.

Simply Wall St -

Is Tanga Resources Limited (ASX:TRL) A Basic Materials Leader?

ASX:TRL PE PEG Gauge Nov 23rd 17 Metals and mining companies are typically trading at a PE of 14x, relatively similar to the rest of the Australian stock market PE of 17x. … If your initial investment thesis is around the growth prospects of TRL, there are other metals and mining companies that have delivered higher growth, and perhaps trading at a discount to the industry average. … Although its growth has delivered lower growth relative to its metals and mining peers in the near term, the market may be pessimistic on the stock, leading to a potential undervaluation.

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TRL Company Info

Description

Tanga Resources Limited engages in the exploration and production of gold, copper, and base metal resources. It holds interests in the Joumbira, a zinc-lead-silver project covering a total area of approximately 210 square kilometers located in central Namibia; the Hanang Gold project covering approximately 600 square kilometers located in Tanzania; and the Hagenhof Copper-Cobalt project that covers an area of 197 square kilometers situated within the Damara Belt in central northern Namibia. The company is headquartered in Subiaco, Australia.

Details
Name: Tanga Resources Limited
TRL
Exchange: ASX
Founded:
A$3,819,082
1,273,027,463
Website: http://www.tangaresources.com.au
Address: Tanga Resources Limited
63 Hay Street,
Ground Floor,
Subiaco,
Western Australia, 6008,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX TRL Ordinary Shares Australian Securities Exchange AU AUD 09. Mar 2011
CHIA TRL Ordinary Shares Chi-X Australia AU AUD 09. Mar 2011
ASX TRL NPV Australian Securities Exchange AU AUD 20. Apr 2019
Number of employees
Current staff
Staff numbers
0
Tanga Resources employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 10:34
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.