Last A$0.35 AUD
Change Today +0.025 / 7.81%
Volume 48.8K
As of 10:34 PM 02/26/15 All times are local (Market data is delayed by at least 15 minutes).

mastermyne group ltd (MYE) Snapshot

Open
A$0.34
Previous Close
A$0.32
Day High
A$0.35
Day Low
A$0.34
52 Week High
09/12/14 - A$0.68
52 Week Low
02/4/15 - A$0.22
Market Cap
31.4M
Average Volume 10 Days
133.1K
EPS TTM
A$0.04
Shares Outstanding
91.1M
EX-Date
03/11/15
P/E TM
8.6x
Dividend
A$0.03
Dividend Yield
10.08%
Current Stock Chart for MASTERMYNE GROUP LTD (MYE)

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mastermyne group ltd (MYE) Details

Mastermyne Group Limited provides contracting services to the underground long wall mining operations; and surface maintenance and electrical services in the coalfields of Queensland's Bowen Basin and New South Wales, Australia. The company operates in three segments: Underground Mining Services, Electrical and Mechanical Services, and Engineering and Fabrication. The Underground Mining Services segment offers project management and engineering services; labour and equipment hiring services; underground conveyor installation, extension, and maintenance services; underground roadway development services; underground ventilation device installation services; and bulk materials handling system installation and relocation, and underground mine support services. The Electrical and Mechanical Services segment provides above ground electrical and mechanical services, including construction, maintenance, and overhaul of draglines, wash plants, materials handling systems, and other surface infrastructure. The Engineering and Fabrication segment designs and fabricates attachments for underground equipment; offers general engineering and fabrication services; and supplies consumables for underground coal mines. The company was founded in 1996 and is based in Mackay, Australia.

733 Employees
Last Reported Date: 08/21/14
Founded in 1996

mastermyne group ltd (MYE) Top Compensated Officers

Chief Executive Officer, Managing Director an...
Total Annual Compensation: A$368.2K
Co-Founder and Executive Director
Total Annual Compensation: A$150.2K
Chief Financial Controller
Total Annual Compensation: A$246.5K
General Manager of HR
Total Annual Compensation: A$190.1K
General Manager of Underground
Total Annual Compensation: A$327.1K
Compensation as of Fiscal Year 2014.

mastermyne group ltd (MYE) Key Developments

Mastermyne Group Limited Reports Earnings Results for the Half Year Ended December 31, 2014

Mastermyne Group Limited reported earnings results for the half year ended December 31, 2014. For the period, the company reported revenue from ordinary activities was $77,739,000 against $77,270,000 a year ago. Net loss after tax from ordinary activities was $5,750,000 against net profit after tax from ordinary activities of $0.772 million a year ago. This result is down on the previous corresponding period resulting from a non cash goodwill impairment of $4.538 million (nil for the half year ended 31 December 2013) and transaction costs associated with the acquisition of Diversified Mining Services Limited (DMS) of $1.163 million (nil for the half year ended 31 December 2013). The impact of these items reduced net profit after tax by $5.352 million. Net cash inflows from operating activities of $9.454 million.

Mastermyne Group Limited Announces Management Changes

Mastermyne Group Limited announced that Chairman and Mastermyne founder, Mr. Darren Hamblin has stepped back into a Non-Executive Director’s role to make way for the appointment of current MYE Non- executive Director, Mr. Colin Bloomfield to the Chairman’s role. Mr. Bloomfield brings to the Chairman’s role over 27 years of mining experience in technical, operations, management and corporate roles. In Mr. Bloomfield’s previous role he led BHP Billiton’s Illawarra Coal Group as President Illawarra Coal, a role he was appointed to in 2004. The Company also advised that Mr. Bill Lyne has resigned from the role of Company Secretary and Mr. Chris Kneipp has been appointed as Company Secretary.

Mastermyne Group Ltd Wins Contract with Anglo American

Mastermyne Group Ltd. has been awarded a Development Services Contract with Anglo American. Term of the contract is three years with options to extend annually for an additional two years. The contract is estimated to contribute around $20 million per annum over the term of the contract including the options period. It covers the management and completion of development and mining-related services in the underground process areas of operation including the longwall, development, panel support and infrastructure and operates across Anglo American sites at the: Capcoal Mining Complex - Grasstree mine; Grosvenor project; and Moranbah North mine. The contract replaces the existing roadway development contract at Moranbah North Mine which expired in December.

 

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Industry Analysis

MYE

Industry Average

Valuation MYE Industry Range
Price/Earnings 6.8x
Price/Sales 0.1x
Price/Book 0.3x
Price/Cash Flow 2.4x
TEV/Sales 0.0x
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