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Last 2,530
Change Today +14.00 / 0.56%
Volume 475.2K
LON On Other Exchanges
Symbol
Exchange
OTC US
Johannesburg
Frankfurt
As of 6:43 AM 05/27/15 All times are local (Market data is delayed by at least 15 minutes).

lonmin plc (LON) Snapshot

Open
$2,472
Previous Close
$2,516
Day High
$2,530
Day Low
$2,472
52 Week High
06/24/14 - $4,814
52 Week Low
03/12/15 - $1,932
Market Cap
14.7B
Average Volume 10 Days
930.3K
EPS TTM
$-0.39
Shares Outstanding
583.9M
EX-Date
01/9/15
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for LONMIN PLC (LON)

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lonmin plc (LON) Details

Lonmin Plc discovers, extracts, refines, and markets platinum group metals (PGM) in South Africa, the Americas, Asia, and Europe. The company operates through three segments: PGM Operations, Evaluation, and Exploration. It explores for platinum, palladium, rhodium, iridium, ruthenium, and gold, as well as chrome, nickel, copper, and cobalt deposits. The company’s flagship property is the Marikana mine located on the Western Limb of the Bushveld igneous complex in South Africa. Its metals are used for various industrial applications, such as catalytic converters for internal combustion engine emissions, as well as for use in jewelry applications. The company was founded in 1909 and is headquartered in Johannesburg, South Africa.

28,276 Employees
Last Reported Date: 12/15/14
Founded in 1909

lonmin plc (LON) Top Compensated Officers

Chief Executive Officer, Executive Director a...
Total Annual Compensation: 462.2K GBP
Chief Financial Officer and Executive Directo...
Total Annual Compensation: 334.7K GBP
Compensation as of Fiscal Year 2014.

lonmin plc (LON) Key Developments

Lonmin Joins Datacentrix to Supply PCs and Peripherals to Local Schools and Other Community-Based Institutions

Lonmin has joined forces with Datacentrix to supply local schools and other community-based institutions with refurbished PCs and peripherals. Lonmin is engaged in the discovery, extraction, refining and marketing of PGMs. As part of a recently won three-year equipment refresh contract for Lenovo PCs and relevant end-user equipment at Lonmin, Datacentrix has committed to refurbish desktops and other peripherals currently being replaced. This contribution forms part of the greater Lonmin Community Education programme, which focuses on five vital areas: infrastructure, education, local economic development, community health and supplier development. The infrastructure portion of the programme in particular looks at infrastructural development, addressing the upgrading of school facilities, community and health facilities.

Lonmin plc Reports Consolidated Earnings Results for the Six Months Ended March 31, 2015

Lonmin plc reported consolidated earnings results for the six months ended March 31, 2015. For the period, the company reported revenue of $508 million against $578 million last year. Underlying EBITDA was $8 million against $103 million last year. Underlying operating loss was $70 million against underlying operating profit of $34 million last year. Operating loss was $84 million against $131 million last year. Loss before taxation was $118 million against $278 million last year. Underlying loss per share was 10.5 cents against underlying earnings per share of 3.5 cents last year. Capital expenditure was $65 million against $46 million last year. Free cash outflow per share was 43.8 cents compared to 23.4 cents a year ago. Net debt was $282 million compared to cash as defined by the Group of $71 million a year ago. Cash flow utilized in operations was $162 million compared to $64 million a year ago. Free cash outflow was $256 million compared to $133 million a year ago. LBITDA was $6 million compared to $62 million a year ago. Loss for the period attributable to the equity shareholders of the company was $79 million compared to $202 million a year ago. Underlying loss for the period attributable to the equity shareholders of the company was $61 million compared to underlying profit for the period attributable to the equity shareholders of the company $20 million a year ago. Diluted loss per share was 13.6 cents compared to 35.5 cents a year ago. Cash outflow from operating activities was $170 million compared to $71 million a year ago. Purchase of property, plant and equipment was $64 million compared to $45 million a year ago. Purchase of intangible assets was $1 million compared to $1 million a year ago. Effective tax rate was negative 28% compared to negative 24% a year ago. Diluted headline LPS was 13.3 cents compared to 35.5 cents a year ago. Net debt as defined by the Group as at March 31, 2015 was $282 million compared to net cash as defined by the group of $71 million a year ago.

Lonmin plc Reports Unaudited Production Results for the Quarter Ended March 31, 2015

Lonmin plc reported unaudited production results for the quarter ended March 31, 2015. For the quarter, the company reported that total tonnes milled in the quarter of 2.9 million tonnes were 2.4 million tonnes higher than the prior year period and 1.7% higher than second quarter of 2013. This performance is especially pleasing as it was achieved utilising six out of seven Marikana concentrators as part of measures to reduce costs. Underground milled head grade at 4.59 grammes per tonne (5PGE+Au) was 10.7% lower than the prior year period of 5.14 grammes per tonnes but the prior year period was distorted by the effect of shutting down the plant due to the strike. Compared to second quarter of 2013 the underground head grade was down 0.6%. The overall milled head grade was 4.53 grammes per tonne, down 6.7% on the prior year period but essentially flat on second quarter of 2013. Significantly, total Platinum-in-concentrate for the quarter at 181,814 saleable ounces was 146,388 ounces higher than the prior year period. Total PGMs in concentrate were 351,258 saleable ounces which was 284,347 ounces higher than the prior year period. Total refined Platinum production for the second quarter of 122,480 ounces was impacted by the smelter shutdowns. Whilst this was 61,512 ounces higher than the prior year period, this was down 68,149 ounces, or 35.7% on second quarter of 2013. Total PGMs produced in the second quarter were 236,328 ounces, an increase of 49.1% on the prior year period.

 

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Industry Analysis

LON

Industry Average

Valuation LON Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.4x
Price/Book 0.4x
Price/Cash Flow 14.6x
TEV/Sales 1.4x
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