NCM

Newcrest Mining (NCM)

Mon, 09/06/2008 - 01:11

Stock Code

NCM

Stock Exchange

Australian Securities Exchange

Newcrest Mining Limited (NCM), engaged in gold and copper exploration, development, mining and sales is now the largest producer of gold in Australia and one of the top 10 gold mining companies in the world when it comes to production, reserves and capitalisation in the market. NCM was listed on the Australian Stock Exchange on the 4th of June 1987. The average annual revenue of Newcrest Mining Limited reaches approximately $1 billion out of its issued capital of approximately $334 million.

Australian Resources Weekly News

Mon, 16/06/2008 - 08:45

Australian Resources Weekly provided by Australian market analyst UBS.

Impact of Apache explosion

Apache gas pipeline explosion event:

Reviews On The Current Market For Gold

Thu, 29/05/2008 - 06:41

Here are the Macquarie Research Commodities (MRC) reviews about the current market for Gold and insights about their Gold price forecast.

China – Gold Fever

If you are bullish on the long term China story, you should also be bullish on Gold. Like Oil, Gold has recently surged in price driven by demand from China and other major Developing Countries. In today’s note, Macquarie Research Commodities (MRC) reviews the current market for Gold and provides an insight into their Gold price forecast of $1,100/oz in the medium term.

Seek (SEK): Worst Performer for Week 17 of 2008

Fri, 25/04/2008 - 07:18

Seek (SEK) was the overall worst performing stock taking in a 13.95 percent decrease. It was a mixture of gaming machine manufacturing, support services, gold mining and Internet job recruitment companies who were among the worst performing stocks for the week 17 of 2008 on the Australian sharemarket: Aristocrat (ALL), Brambles (BXB), Newcrest (NCM), Seek (SEK), Sino Gold (SGX). These worst performing stocks for the week 17 recorded losses above 11.89 percent by the end of the trading week.

Best Performers for Week 10 of 2008 - Mining Companies

Sat, 08/03/2008 - 01:40

Riversdale (RIV) was the overall best performing shares on the Australian sharemarket taking in a 19.4 percent increase. Among the best performing companies for the past week (week 10 of 2008) on the Australian sharemarket were a mixture of mining and chemical: Incitec Pivot (IPL), Dyno Noble (DXL), Newcrest (NCM), Riversdale (RIV), Western Areas (WSA), Energy Resources of Australia (ERA). Five out of best six performing stocks for indices were mining companies and it was the highlight of the trading week. This clearly indicates the progress achieved by Australian mining companies.

Rio Tinto: Best Performer for Week 45 of 2007

Sat, 10/11/2007 - 02:57

Rio Tinto (RIO) was the overall best performing stock taking in a 17.9 percent increase. Among the best performing stocks for the past week (week 45 of 2007) on the Australian sharemarket were a mixture of mining, technology and farming products manufacturers: Rio Tinto (RIO), Newcrest (NCM), Computershare (CPU), Bolnisi Gold (BSG), Nufarm (NUF). The above stocks secured gains higher than 7.5 percent at the end of the trading week.

Pan Australian Resources (PNA): Winner

Sat, 20/10/2007 - 04:56

Pan Australian Resources (PNA) was the overall best performing stock taking in a 13.09 percent increase. Among the best performing companies for the week 42 of 2007 on the Australian sharemarket were a mixture of energy, metal & mining, drilling services and agribusiness: Paladin Energy (PDN), Newcrest (NCM), Boart Longyear (BLY), Pan Australian Resources (PNA), AWB (AWB), Mt. Gibson Iron (MGX). All the above best performing stocks for week 42 managed more than 5 percent gain by the end of the trading week. The week’s highlight was the majority of metal and mining companies.

Newcrest (NCM): Best Performing ASX100

Sat, 22/09/2007 - 11:23

Newcrest (NCM) was the best performing stock on the Australian Stock Exchange's ASX100 index (Winner of the week for week 38 of 2007) gaining $3.76 or 15.161 percent this week, closing the weeks' trade at $28.56. Aussie dollar closed the week strongly at against the greenback at US 86.83 cents. Gold closed at $736.60. The Australian Stock Exchange All Ordinaries closed 6371.2. Finally, the ASX200 index closed at 6357.8. Read a previous Newcrest (NCM) recommendation.

Sino Gold (SGX): Winner

Sat, 22/09/2007 - 01:56

Sino Gold (SGX) was the overall best performing stock taking in a 20.67 percent increase. Among the best performing companies for the past week (week 38 of 2007) on the Australian sharemarket were a mixture of oil & gas, metal and mining: Newcrest (NCM), Lihir Gold (LHG), Oil Search (OSH), Sino Gold (SGX), Sally Malay (SMY), Western Areas (WSA). All the above best performing stocks for week 38 managed more than 13.5 percent gain by the end of the trading week. The majority of companies in this list were mining companies.

Newcrest Mining (NCM) Rights Issue Scenario Analysis

Wed, 12/09/2007 - 23:53

Newcrest Mining (NCM) shares has been analysed by Australian stock analyst Citigroup Investment Research about the upcoming rights issue: Simply based on the 7 for 20 rights issue, the previous closing price would be reset to A$22.88 and the analysts' target price would be reset to A$28.50 per share. Adjusting the model for the rights issue and removing the hedge book would result in a slightly lower target price of $28.00/share; however the analysts' Buy recommendation would be retained with an ETR of 22%. ased on the company's assumptions, $1.5bn will be used to eradicate the hedgebook with the remainder used to pay down the debt. The pre-purchase of 2.3Moz has cost $602m and the gold loan $240m. NCM has assumed the remaining 1.7Moz will cost $658m (using a price of US$700/oz). Earnings on the up: Under the scenario analysis the analyst has reported Newcrest Mining earnings would increase by 50%, 31% and 13% in FY08e, FY09e and FY10e respectively. Risks to strategy: An upward move of US$50/oz in the gold price would increase the cost of closing out the remainder of the hedge book by A$100m. Given that Newcrest Mining (NCM) has flagged the re-purchase of 1.7Moz over the next year, the gold price could ultimately be supported above the assumed US$700/oz. Theoretical conflict: A surprising element of the deal was the purchase of put options at a cost of $80m. This was a board and management decision, not a requirement from the banks. It seems a strange decision to close out the hedge book and then re-hedge as it provides little or no protection for shareholders. Take up the rights issue : The analysts would recommend taking up the rights issue and believe that most of the eligible shareholders will. Subsequently, they anticipate the price of the book build to be in the range of $21.50 - $22.50 per share.

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