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 $27.08 million
P/E Ratio 68.00
Dividend Yield 3.53%
Shares Outstanding 79.64 million
Earnings per share 0.005
Dividend per share 0.01
Year To Date Return -11.28%
Earnings Yield 1.47%
Franking -
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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
    02 Apr 2024 $0.0060 0.00% Final 30 Apr 2024
    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. It has three segments: Admin, EUR and PRC.

    MGL Share Price History Data provided by Morningstar.

    Data provided by Morningstar.
    Date Close Change % Change Volume Open High Low
    21 May 2024 $0.34 $0.03 9.52% 12,893 $0.34 $0.34 $0.33
    17 May 2024 $0.32 $0.01 3.23% 1,417 $0.32 $0.32 $0.32
    16 May 2024 $0.31 $0.00 0.00% 466 $0.31 $0.31 $0.31
    15 May 2024 $0.31 $-0.02 -6.06% 171,928 $0.33 $0.33 $0.31
    14 May 2024 $0.33 $0.02 6.45% 4,087 $0.33 $0.33 $0.33
    10 May 2024 $0.31 $-0.01 -3.13% 13,336 $0.32 $0.32 $0.31
    07 May 2024 $0.32 $0.01 3.17% 83,358 $0.32 $0.33 $0.32
    03 May 2024 $0.32 $-0.01 -3.13% 1 $0.32 $0.32 $0.32
    01 May 2024 $0.32 $-0.01 -3.08% 65,077 $0.33 $0.33 $0.31
    30 Apr 2024 $0.33 $0.00 0.00% 19,958 $0.33 $0.33 $0.33
    24 Apr 2024 $0.33 $-0.01 -3.03% 1 $0.33 $0.33 $0.33

    Director Transactions Data provided by Morningstar.

    Data provided by Morningstar.
    Date Director Type Amount Value Notes
    30 Apr 2024 Nicholas Andrews Buy 33,308 $10,605
    Dividend Reinvestment Plan (DRP).
    30 Apr 2024 Zhong Jun Li Buy 61,630 $19,622
    Dividend Reinvestment Plan (DRP).
    30 Apr 2024 Zhong Jun Li Buy 449 $142
    Dividend Reinvestment Plan (DRP).
    28 Mar 2024 Nicholas Andrews Buy 582,046 $197,895
    Off-market trade.
    28 Mar 2024 Nicholas Andrews Sell 582,046 $197,895
    Off-market trade.
    08 Mar 2024 Zhong Jun Li Sell 3,847,524 $2,279,333
    Off-market trade.
    08 Mar 2024 Zhong Jun Li Buy 3,847,524 $2,279,333
    Off-market trade.
    29 Feb 2024 Nicholas Andrews Exercise 200,000 $74,000
    Conversion of securities. 1,602,249 Rights
    29 Feb 2024 Nicholas Andrews Cancelled 466,667 $172,666
    Cancellation of securities. 18,02,249 Rights
    29 Feb 2024 Nicholas Andrews Issued 200,000 $74,000
    Conversion of securities.
    29 Feb 2024 Nicholas Andrews Issued 936,836 $346,629
    Director remuneration. 25,39,085 Rights
    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 Zhong Jun Li Buy 37,979 $16,000
    Dividend Reinvestment Plan (DRP).
    31 Oct 2023 Zhong Jun 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).

    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 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. From 1989 to 1996 Mr Andrews was the Chief Investment Officer at LGT Investment Management in charge of the group's investment portfolios for the Australasian region. He is also Member of the Business Risk Committee.
    Mr Zhong Jun Li Non-Executive Director Aug 2009
    Mr Li is the owner of Tianjin Keweier Metal Material Co Ltd (KWE (TJ)) in China. For more than 10 years, Mr Li has built a trading and manufacturing business that specializes in magnesium products. KWE (TJ) has facilities located in Hong Kong and Tianjin and experience of the global magnesium industry.
    Mr Willie Andre Labuschagne Non-Executive Director Jan 2014
    Mr Labuschagne is the Executive Chair of Aeris Resources Limited. Mr Labuschagne is a 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 gold companies, including Emperor Gold Mines, DRD Gold and AngloGold Ashanti. He is also Chair of the Business Risk Committee and member of the Finance and Compliance Committee.
    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 several NSW Bar Association committees including the Professional Conduct Committee. In the conduct of his practice as a barrister, he has acted for many financial institutions and commercial enterprises, both public and private and given both legal and strategic advice. He is also Member of the Finance and Compliance Committee.
    Mr Atul Malhotra Non-Executive Director Dec 2018
    Mr Malhotra has 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. For over 10 years till October 2013, Mr Malhotra was the Head of Purchasing and a Member of the Group Management at Georg Fischer Automotive Group, Schaffhausen, Switzerland, a global supplier of cast metal (including magnesium) parts with an annual turnover of approximately 1,200m Euro and 11 production units located in Europe and China. He is Chair of Finance and Compliance Committee, member of the Business Risk Committee.
    Mr Xing Cai Li Non-Executive Director Sep 2022
    Mr 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 Li has held previous positions as the Deputy Director of Finance at the Shanghai and Hong Kong listed Aluminium Corporation of China (Chalco), one of the producers of alumina and aluminium. Prior to that Mr Li was Vice President at Western Mining Co Ltd, responsible for overall financial management, fund raising and investment management as well as being secretary to the Board.
    Mr Dean Andrew Taylor Company Secretary Jan 2023
    -
    Derryn Chin Chief Financial Officer
    -
    Dean Andrew Taylor Company Secretary
    -
    Trevor Abbott Director Research and Development
    -
    Christoph Klein-Schmeink President Magontec Europe North America and Middle East
    -
    Tong Xunyou President Magontec Asia
    -
    Zisheng Zhen Technical Director (R&D and Quality Management) Magontec Asia
    -
    Patrick Look Vice President Finance & HR
    -

    Top Shareholders Data provided by Morningstar.

    Data provided by Morningstar.
    Name Shares Capital
    Qinghai Salt Lake Magnesium Co Ltd 22,681,940 28.89%
    Citicorp Nominees Pty Limited 9,807,650 12.49%
    J P Morgan Nominees Australia 3,913,386 4.98%
    Keweier Metal Co Ltd & Li Zhong Jun 3,875,307 4.94%
    Yellow Zone Super Fund 3,332,844 4.24%
    BNP Paribas Nominees Pty Ltd 2,595,385 3.31%
    National Nominees Limited 2,006,091 2.56%
    Mr Nicholas William Andrews & Dewberri Pty Ltd 1,567,582 2.00%
    Mr Scott Parham 1,313,315 1.67%
    Bellino Pty Ltd 1,237,268 1.58%
    Mr Shaun William Sainsbury Drabsch 919,579 1.17%
    Miengrove Pty Ltd 752,565 0.96%
    Mr Xunyou Tong 686,402 0.87%
    Mrs Pamela Elizabeth Drabsch 678,975 0.86%
    Dalsiz Pty Ltd 668,310 0.85%
    Brian Gorman Self Managed Super Fund Pty Ltd 650,000 0.83%
    Dr Andrew Duncan Maclaine-Cross 602,528 0.77%
    Mr John Michael Patrick O'Reilly 560,000 0.71%
    Escor Equities Consolidated 533,334 0.68%
    Mr Peter Fabian Hellings 520,000 0.66%

    Profile

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