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Company Information

Company at a Glance

Industry:
Metals & Mining
Fiscal Year-End:
Jun 10

Company Overview

Citadel Resources Group (CGG) acquires a major stake in several Saudi Arabian minerals projects. The company has entered an agreement to acquire 100% of the Bahrain-based Vertex Group which holds major interests in 10 copper, gold and base metals projects near the Saudi Arabian coast of the Red Sea. CGG was previously a provider of funding to a medical scanning business operated by Prescription Healthcare Limited and its wholly owned subsidiary company trading as Lifespan Medical Imaging.

Company History

This company was listed on the ASX on 29 January 1988 as a multinational media service company. CGG the changed its strategic direction as a provider of funding to a medical scanning business. On 27 May 2005, CGG gained management control of the business formerly operated by PHL after it defaulted on its loan repayments. In late 2006, the company announced the planned sale of the company's medical imaging centre in Sydney and the acquisition of Vertex Group (Middle East).

Industries Of Operation

CGG operates in the metals and mining exploration industry.

Differentiating Factor

.

Major Customers & Competitors

.

Research provided by  

Market Statistics

Market Cap ($M):
710.1
Equiv. Shares (M):
1,348.3
% All Ords:
0.06
12Mth Range ($):
0.22 - 0.42
Turnover ($M pa):
192.3
Index:
S&P/ASX 500
Sector:
Materials
Industry Group:
Materials
Industry:
Metals & Mining
Sub Industry:
Diversified Metals & Mining

Last 5 Market Sensitive Announcements

Date
Announcment
28-Jul-10 11:33
Jabal Sayid Lode 1 Drilling Update
22-Jul-10 17:18
Citadel`s Quarterly Report
29-Jun-10 09:58
Retail Entitlement Offer Booklet
23-Jun-10 08:57
Successful Completion of Institutional Entitlement Offer
21-Jun-10 09:05
Citadel Announces Entitlement Offer

Calendar Of Events

Date
Event
07-May-09
EGM Date for Special Event
26-Nov-08
AGM Date for Final Year Result
29-Feb-08
Reporting Date for Half Yearly Result
28-Nov-07
AGM Date for Final Year Result
28-Nov-07
EGM Date for Special Event

Directors

Name
Position
C Sum
Chairman/MD
F Quinn
Director
I L Scotland
Director
R N Stagg
Director
D Regan
Independent Director
A Thompson
Director

Management

Name
Position

There are no recorded management positions for this company.

Substantial Shareholders

Name
% Holding
Central Mining Co.
16.7
Quest Asset Partners Pty Ltd
7.6
Globersel BCM Multi Asset Class
5.2

Consensus Recommendation Summary


0
0
2
1
0
Sell Under Perf. Hold Out Perf. Buy

Number of Brokers in Recommendation Summary: 3

Consensus Earnings

FY10 FY11
Consensus EPS1 (c) -1.1 -0.4
EPS Growth (%)   -68.2
P/E Ratio (x) -27.3 -85.7
P/E Rel. All Ords (x) -2.44 n/a
P/E Rel. Sector (x) -9.09 n/a
Number of Brokers in Earnings Survey: 2 2

1. Consensus EPS is generally "reported EPS" but will vary as to whether it is on a pre or post preference earnings basis. This number is not always on the same basis as the Aegis EPS.

Historical Forecast Earnings And Recommendations

Consensus Recommendations

Consensus information provided by Reuters.

Consensus EPS Forecasts 1

1. Consensus EPS is generally "reported EPS" but will vary as to whether it is on a pre or post preference earnings basis. This number is not always on the same basis as the Aegis EPS.

Peer Recommendation Comparison

  P/E (x) EPS Chg (%) Dividend Yield (%) MktCap ($M) Price ($) Consensus Rec
  09A 09A 09A    
BHP Billiton Limited 14.1 (13.5) 3.2 134,646.0 40.12 Out Perf.
Rio Tinto 18.8 (56.1) 0.7 42,848.4 70.61 Out Perf.
Newcrest Mining 29.6 (9.5) 0.5 15,815.3 32.71 Out Perf.
Fortescue Metals 76.1 n/a 0.0 13,330.6 4.29 Out Perf.
Citadel Resource Group (4.7) 103.4 0.0 710.1 0.30 Hold

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