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.Share Price
Day Change
52 Week Range
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Yesterday's Close
Today's Open
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Volume
Avg. Volume (1 month)
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as at 24 Feb 3:44pm
Magontec Ltd (ASX: MGL)
Latest News

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

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

Share Gainers
ASX magnesium shares are going gangbusters. What's happening?
Dividend Payment History 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.
Date | Announcement | Price Sensitive? | Time | No. of Pages | File Size |
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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.
Date | Close | Change | % Change | Volume | Open | High | Low |
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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.
Date | Director | Type | Amount | Value | Notes |
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07 Nov 2023 | Robert Kaye | Buy | 12,000 | $4,500 |
On-market trade.
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06 Nov 2023 | Robert Kaye | Buy | 20,285 | $7,606 |
On-market trade.
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31 Oct 2023 | Zhongjun Li | Buy | 37,979 | $16,000 |
Dividend Reinvestment Plan (DRP).
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31 Oct 2023 | Zhongjun Li | Buy | 334 | $140 |
Dividend Reinvestment Plan (DRP).
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31 Oct 2023 | Nicholas Andrews | Buy | 5,365 | $2,260 |
Dividend Reinvestment Plan (DRP).
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31 Oct 2023 | Nicholas Andrews | Buy | 16,647 | $7,013 |
Dividend Reinvestment Plan (DRP).
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17 May 2023 | Robert Kaye | Buy | 27,500 | $10,312 |
On-market trade.
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11 May 2023 | Nicholas Andrews | Issued | 162,011 | $66,424 |
Director remuneration. 2,268,916 Unlisted Performance Rights
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28 Apr 2023 | Nicholas Andrews | Buy | 6,143 | $2,223 |
Dividend Reinvestment Plan (DRP).
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28 Apr 2023 | Nicholas Andrews | Buy | 19,063 | $6,898 |
Dividend Reinvestment Plan (DRP).
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28 Apr 2023 | Zhongjun Li | Buy | 43,705 | $15,817 |
Dividend Reinvestment Plan (DRP).
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28 Apr 2023 | Zhongjun Li | Buy | 382 | $138 |
Dividend Reinvestment Plan (DRP).
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19 Apr 2023 | Robert Kaye | Buy | 23,939 | $9,575 |
On-market trade.
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17 Apr 2023 | Robert Kaye | Buy | 35,477 | $13,303 |
On-market trade.
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14 Apr 2023 | Robert Kaye | Buy | 1,738 | $651 |
On-market trade.
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06 Apr 2023 | Robert Kaye | Buy | 15,243 | $5,716 |
On-market trade.
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05 Apr 2023 | Robert Kaye | Buy | 3,603 | $1,351 |
On-market trade.
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24 Feb 2023 | Nicholas Andrews | Issued | 666,164 | $203,180 |
Director remuneration. 2,106,905 Unlisted Performance Rights
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Directors & Management Data provided by Morningstar.
Name | Title | Start Date | Profile |
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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).
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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.
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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).
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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).
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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).
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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.
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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 |
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Top Shareholders 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% |