Magontec Ltd (ASX: MGL) Share Price and News

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Magontec Ltd Chart and Price Data

Fundamentals Data provided by Morningstar.

Data provided by Morningstar.
Market Cap $29.44 million
P/E Ratio 1.80
Dividend Yield 3.38%
Shares Outstanding 78.52 million
Earnings per share 0.059
Dividend per share 0.01
Year To Date Return 28.31%
Earnings Yield 55.49%
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as at 24 Feb 3:44pm

  • Magontec Ltd (ASX: MGL)
    Latest News

    Graphic showing yellow arrow above vertical columns indicating a rising share price
    Materials Shares

    Magontec (ASX:MGL) share price leaps another 13%, up 68% in 2 days

    Magontec's stock seems to have caught the ASX's magnesium wave.

    Read more »

    a man in a hard hat and overalls raises his arms and holds them out wide as he smiles widely in an optimistic and welcoming gesture.
    Resources Shares

    Why are ASX magnesium miners getting so much love this week?

    Magnesium shares are running hot as China pours water on potential for increased production...

    Read more »

    Group of thoughtful business people with eyeglasses reading documents in the office.
    Share Gainers

    ASX magnesium shares are going gangbusters. What's happening?

    China's monopoly on materials is sending magnesium prices through the roof...

    Read more »

    Dividend Payment History Data provided by Morningstar.

    Data provided by Morningstar.
    Ex-Date Amount Franking Type Payable
    28 Sep 2023 $0.0060 0.00% Interim 31 Oct 2023
    30 Mar 2023 $0.0060 0.00% Final 28 Apr 2023
    29 Sep 2022 $0.0060 0.00% Interim 31 Oct 2022

    MGL ASX Announcements

    An announcement is considered as "Price Sensitive" if it is thought that it may have an impact on the price of the security.

    DateAnnouncementPrice Sensitive?TimeNo. of PagesFile Size
    YesNo

    About Magontec Ltd

    Magontec Ltd is engaged in the manufacturing and sale of generic and specialist magnesium alloys as well as magnesium and titanium cathodic corrosion protection products. It also researches and develops new proprietary magnesium alloys andtechnologies. The company's products and services are Primary Mg Alloy, Magnesium Alloy Recycling, and Cathodic Corrosion Protection.

    MGL Share Price History Data provided by Morningstar.

    Data provided by Morningstar.
    Date Close Change % Change Volume Open High Low
    07 Dec 2023 $0.38 $-0.03 -7.41% 12 $0.38 $0.38 $0.38
    05 Dec 2023 $0.41 $0.01 2.50% 5,001 $0.40 $0.41 $0.40
    04 Dec 2023 $0.40 $0.03 8.00% 6,309 $0.40 $0.40 $0.40
    01 Dec 2023 $0.38 $0.00 0.00% 45,766 $0.40 $0.40 $0.38
    28 Nov 2023 $0.38 $-0.02 -5.06% 49,250 $0.40 $0.40 $0.38
    27 Nov 2023 $0.40 $-0.02 -4.88% 5,000 $0.40 $0.40 $0.40
    24 Nov 2023 $0.41 $0.01 2.50% 5,000 $0.41 $0.41 $0.41
    23 Nov 2023 $0.40 $-0.02 -4.76% 999 $0.40 $0.40 $0.40
    20 Nov 2023 $0.42 $0.01 2.44% 17,876 $0.41 $0.42 $0.41
    14 Nov 2023 $0.41 $0.02 5.13% 2,566 $0.40 $0.41 $0.40
    13 Nov 2023 $0.39 $-0.01 -2.50% 10,151 $0.41 $0.41 $0.39
    08 Nov 2023 $0.40 $0.03 8.00% 12,532 $0.40 $0.40 $0.40

    Director Transactions Data provided by Morningstar.

    Data provided by Morningstar.
    Date Director Type Amount Value Notes
    07 Nov 2023 Robert Kaye Buy 12,000 $4,500
    On-market trade.
    06 Nov 2023 Robert Kaye Buy 20,285 $7,606
    On-market trade.
    31 Oct 2023 Zhongjun Li Buy 37,979 $16,000
    Dividend Reinvestment Plan (DRP).
    31 Oct 2023 Zhongjun Li Buy 334 $140
    Dividend Reinvestment Plan (DRP).
    31 Oct 2023 Nicholas Andrews Buy 5,365 $2,260
    Dividend Reinvestment Plan (DRP).
    31 Oct 2023 Nicholas Andrews Buy 16,647 $7,013
    Dividend Reinvestment Plan (DRP).
    17 May 2023 Robert Kaye Buy 27,500 $10,312
    On-market trade.
    11 May 2023 Nicholas Andrews Issued 162,011 $66,424
    Director remuneration. 2,268,916 Unlisted Performance Rights
    28 Apr 2023 Nicholas Andrews Buy 6,143 $2,223
    Dividend Reinvestment Plan (DRP).
    28 Apr 2023 Nicholas Andrews Buy 19,063 $6,898
    Dividend Reinvestment Plan (DRP).
    28 Apr 2023 Zhongjun Li Buy 43,705 $15,817
    Dividend Reinvestment Plan (DRP).
    28 Apr 2023 Zhongjun Li Buy 382 $138
    Dividend Reinvestment Plan (DRP).
    19 Apr 2023 Robert Kaye Buy 23,939 $9,575
    On-market trade.
    17 Apr 2023 Robert Kaye Buy 35,477 $13,303
    On-market trade.
    14 Apr 2023 Robert Kaye Buy 1,738 $651
    On-market trade.
    06 Apr 2023 Robert Kaye Buy 15,243 $5,716
    On-market trade.
    05 Apr 2023 Robert Kaye Buy 3,603 $1,351
    On-market trade.
    24 Feb 2023 Nicholas Andrews Issued 666,164 $203,180
    Director remuneration. 2,106,905 Unlisted Performance Rights

    Directors & Management Data provided by Morningstar.

    Data provided by Morningstar.
    Name Title Start Date Profile
    Mr Nicholas William Andrews Executive ChairmanExecutive Director May 2007
    Mr Andrews serves as the Executive Chairman of Magontec Limited. From 2007 to 2009 Mr Andrews served as a Non-Executive Director of Advanced Magnesium Limited prior to the acquisition of Magontec GmbH and the company name change to Magontec Limited. Mr Andrews has a financial services background in investment management and investment banking. From 1996 to 2005 he was a Managing Director at UBS Investment Bank and responsible for global distribution of Australian and New Zealand Equity products. He is Chairman of the Business Risk Committee (BRC).
    Mr Zhongjun Li Non-Executive Director Aug 2009
    Mr Li is the owner of Tianjin Keweier Metal Material Co Ltd (KWE (TJ)) in China. He is a graduate of Wuhan University of Technology and spent 10 years at Tianjin Auto Industry Company Ltd. For more than 10 years, Mr Li has built a trading and manufacturing business that specialises in magnesium products. KWE (TJ) has facilities located in Hong Kong and Tianjin and a broad experience of the global magnesium industry. Mr Li is a major beneficial shareholder in Magontec Limited.
    Mr Willie Andre Labuschagne Non-Executive Director Jan 2014
    Mr Labuschagne is the Executive Chairman of Aeris Resources Limited, (formerly Straits Resources Limited). Mr Labuschagne is an experienced mining executive with a career spanning more than 30 years, primarily in the gold industry, and has held various executive roles in South Africa, PNG, Fiji and Australia for a number of leading gold companies, including Emperor Gold Mines, DRD Gold and AngloGold Ashanti. Mr Labuschagne was previously Managing Director of ASX listed gold company, Norton Gold Fields Limited. He is a Member of the Finance, Compliance Committee (FAC) and Member of the Business Risk Committee (BRC).
    Mr Robert George Kaye Non-Executive Director Jul 2013
    Mr Kaye was admitted to legal practice in 1978 and employed as a solicitor at Allen, Allen & Hemsley Solicitors. Thereafter he pursued his legal career at the NSW Bar and was appointed Senior Counsel in 2003, practising in commercial law. He has been involved in an array of commercial matters both advisory and litigious in nature and served on a number of NSW Bar Association committees including the Professional Conduct Committee. He is a Member of the Finance and Compliance Committee (FAC).
    Mr Atul Malhotra Non-Executive Director Dec 2018
    Atul Malhotra has an extensive professional background in Procurement, Supply Management, Strategy, Business Development and other functions. During his career spanning over 40 years, he has held executive roles at ABB, Bombardier Transportation, Adtranz and Continental with responsibility for projects and operations in Europe, Asia and Australia. He is a Chairman of the Finance and Compliance Committee (FAC), Member of the Business Risk Committee (BRC).
    Mr Xingcai Li Non-Executive Director Sep 2022
    Xing Cai Li is General Manager of Qinghai Huixin Asset Management Co Ltd (QHAM), the owner of Qinghai Salt Lake Magnesium Co Ltd (QSLM), which operates the Qinghai electrolytic magnesium smelter complex in which Magontec's Magnesium Alloy Cast House is based.
    Mr Dean Andrew Taylor Company Secretary Jan 2023
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    Derryn Chin Chief Financial Officer
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    Dean Andrew Taylor Company Secretary
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    Tong Xunyou President Magontec Asia
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    Christoph Klein-Schmeink President Magontec Europe North America and Middle East
    -

    Top Shareholders Data provided by Morningstar.

    Data provided by Morningstar.
    Name Shares Capital
    Qinghai Salt Lake Magnesium Co Ltd 22,366,742 28.85%
    Citicorp Nominees Pty Limited 9,751,252 12.58%
    J P Morgan Nominees Australia 3,847,720 4.96%
    Keweier Metal Co Ltd & Zhong Jun Li 3,792,907 4.89%
    Yellow Zone Super Fund 3,216,931 4.15%
    BNP Paribas Nominees Pty Ltd 2,576,448 3.32%
    National Nominees Limited 1,973,375 2.55%
    Mr Nicholas William Andrews & Dewberri Pty Ltd 1,520,364 1.96%
    Mr Scott Parham 1,273,756 1.64%
    Bellino Pty Ltd 1,200,000 1.55%
    Est Mrs Dawn Patricia Davis 906,667 1.17%
    Miengrove Pty Ltd 752,565 0.97%
    Mr Xunyou Tong 668,765 0.86%
    Brian Gorman Self Managed Super Fund Pty Ltd 650,000 0.84%
    Dalsiz Pty Ltd 648,180 0.84%
    Dr Andrew Duncan Maclaine Cross 584,379 0.75%
    Escor Equities Consolidated 533,334 0.69%
    Mr Peter Fabian Hellings 520,000 0.67%
    Mr John David Talbot 470,668 0.61%
    Mr Christoph Klein-Schmeink 467,686 0.60%

    Profile

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