Jupiter Mines Limited’s Stock Climbed On ASX After The Release Of Tshipi’s Financial Results For 1HFY19

  • Oct 17, 2018 AEDT
  • Team Kalkine
Jupiter Mines Limited’s Stock Climbed On ASX After The Release Of Tshipi’s Financial Results For 1HFY19

After an investor’s presentation of Jupiter Mines Limited (ASX: JMS) in the month of October 2018, the company now happy to announce the financial results of Tshipi e’ Ntle Manganese Mining (Pty) Limited for the half-yearly period ended 31 August 2018. As per the presentation, the company disclosed an overview of the company and its owns 49.9% beneficial interest in Tshipi Borwa Manganese Mine which is located at Kalahari Manganese Field in South Africa. Tshipi is one of the 5 largest manganese mines in the world and largest in South Africa. It is one of the largest and low-cost exporters of manganese in the world. The flexible onsite and offsite infrastructure of Tshipi allows it for any rapid response to any changes in the market condition. The product quality of Tshipi is well recognized and established and it also takes initiatives to build strategies to enhance cash flow optimization. JMS has a right to market 49.9% of the total manganese produced of Tshipi site. The company also highlights the inclination of the board and the management towards the shareholder's returns. Moreover, JMS has a strong cash generation capability with debt-free status. Besides this, Tshipi has a good track record in regard to the safety. Since its inception, there were no fatalities recorded as of now as it believes in the safety of the employees and contractors is more important than anything else. 

Furthermore, the company has disclosed the condensed profit and loss statement and balance sheet of Tshipi for the half-yearly period 1H FY19. The company has generated a revenue of ZAR 5,323 million. The cost of sales was ZAR 2,429 million resulting in the gross profit of ZAR 2,894 million which was ZAR 1,111 in the previous year. The net profit after tax made by the company was ZAR 2,087 million. The company currently has cash and cash equivalent of ZAR 2,777 million. The total asset of the company is worth ZAR 6,437 million and total liabilities worth ZAR 1,482 million indicating the company’s potential to pay its long-term obligation. The current asset of the company is ZAR 1,236 million and total current liabilities worth ZAR 862 million indicating the company’s potential to clear its short-term obligations. As a result of the net profit of ZAR 2,087 million, the company has distributed ZAR 2 billion to its shareholders. It was recorded that since the inception of the company, the gross profit ratio realized was 54% which remains the highest till date.

With this news, the stock climbed up 1.562 per cent with the intra-trading volume of more than 2.5 million. Currently, it is traded at $ 0.325 with the market-cap of circa $626.88 Mn as of October 17, 2018 before market close (AEST: 3:52 PM). Since its inception, the company has shown a negative performance of -20.0%. As per the chart, we see that the moving average convergence divergence line (MACD Line) is moving below the signal line.

Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


Disclaimer

The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.

 

All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK