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ATR, ASTRON CORPORATION LIMITED
ShareScene.com
post Posted: May 14 2012, 01:02 PM
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Name updated by request:

From: ASTRON LIMITED (ATR)
To: ASTRON CORPORATION LIMITED (ATR)

Regards,
ShareScene.com

 
john constantine
post Posted: May 29 2008, 07:57 PM
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In reply to: ead83 on Thursday 29/05/08 02:40pm

proposed pipe comes from a system at three percent of capacity,with all intensive agriculture closed down in the system.
the bore is seawater.it will work in the process,but not the enviroment.
needs rain.

 
ead83
post Posted: May 29 2008, 02:40 PM
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In reply to: john constantine on Thursday 29/05/08 12:36pm

Reading the EES, they seem to have a pretty good idea where they're going to get their water from. There's no way the government will prevent the development of the resource considering the number of locals that will be employed and the amount of spending on upgrading the infrastructure.

 
john constantine
post Posted: May 29 2008, 12:36 PM
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In reply to: ead83 on Thursday 29/05/08 11:54am

no production without water.

 
ead83
post Posted: May 29 2008, 11:54 AM
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I'm surprised no one is interested in ATR!

They've got approximately $3 per share in cash, stock currently trading at $2.09. Sold off low-margin Chinese zircon distribution business to Imery for $189 million, whilst redirecting business towards higher margin value adding business & development of its significant upstream assets. Have the world's largest HMC deposit in Donald, Victoria; EES should be cleared within the next two months. Looking at initial production of 492,000 tpa of HMC from early-mid 2009.

 
grs
post Posted: Dec 2 2005, 10:09 AM
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Astron- The best fundamental buy in the market?

In the MD's address to shareholders at the AGM yesterday, profits were forecast for the year at 23M for FY'06, slightly down on the '05 result of about 26M.

This is owing to pinching at the margin due to increased Zircon pricing from the likes of Iluka, whom ATR currently buy from to manufacture their products.

BBBUUUTT this still puts them on a P/E of about 7(!) for a $170M mkt cap. business that has shown great historic year-on-year growth.

AND from the end of next year they will be on the path to vertical integration with the development of their Douglas Zircon deposit in Victoria.

And this is the largest known Zircon deposit on the planet.

According to management, the synergies from the mine in Victoria and the Distribution/Manufacturing in China has the potential to TRIPLE (thats right triple!) net profits in the medium term..... anyone got any comment on this stock?

 

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grs
post Posted: Nov 10 2005, 01:33 PM
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STRATTON’S SHAREMARKET- OCTOBER 2005

Astron- A little sparkler!


Astron Limited (ATR: ASX) and Alex Brown, the majority shareholder behind the enterprise are not household names in New Zealand. In this authors opinion however, he is an up and coming ex-pat New Zealand entrepreneur to rival locally based names like Peter Mairs and George Gould. He is a man who has built a fantastically successful business around a mineral unknown to most– Zircon.

Zircon is a commodity which enjoyed an explosion in demand in the mid 1980’s, initially due to it’s ability for products made from it to substitute for heavy minerals and other toxic compounds. For example, the glossy paint found on an interior wall now would contain a Zircon product; a substitute for the banned lead based filler.

Research and development has now found many different applications for Zircon. These days it can be found in almost every room in the house from the bathroom to the kitchen. When you go to pick up a magazine (maybe even the Investor Monthly!) the inks and coatings on the paper most likely contain a Zircon compound, as does the wallpaper on the wall. The coloured wall tiles in your bathroom contain zirconium oxide; even your woollen carpet may contain zirconium acetate as a flame suppressant. These are a few of the examples of where the product can be found in the home. Step outside your house and its in the hospital (kidney dialysis) in your jewellers (cubic zirconia) and in your car (spark plug). Yes, Zircon has found its way into lots of areas of our lives without us even knowing it.

One of the smarter companies that is assisting in finding way’s to put zircon into more and more of these products is Astron.

So who is this Astron? The company had its beginnings drilling for oil and gas in Thailand in the late 1980’s then moved to mining and processing a minerals sands deposit in Hainan island, China. As Zircon is a by-product of minerals sands mining, opportunities to market the product into mainland China arose and one thing has led to another.

For the past 15 years they have mirrored the manufacturing growth engine of China and the increasing versatility of Zircon, growing sales continually. They have built a network of distribution, research and manufacturing plants in China that are second to none in the industry, making the company an important player in a small but global niche.

To compliment the research development and distribution networks, from next year the company will be on the path to vertical integration. A partnership in Gambia and a wholly owned project in the Murray basin in Australia will come on stream. This will enable the company to become self sufficient in sourcing its own raw Zircon, as well as opening up avenues to manufacture other products such as Titanium Dioxide, selling down their existing distribution channels.

Financially, the chart below shows the success they have had in recent times. Year on year sales and net profit growth, little debt and returns on equity north of 30%. All this on a P/E of just 7x earnings!, based on a forecast profit of AUD$24M for the financial year 2005.

For those investors wanting direct exposure into the whole China growth play, you will not find a better story while investing from the comfort of our own local markets.


 
john constantine
post Posted: Aug 15 2005, 11:52 PM
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any update on astron? i just went for a walk today down one of their mineral sands excavations in victoria, and am interested in feedback.

 
jeeves
post Posted: Feb 28 2005, 10:14 PM
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In reply to: One Up on Monday 28/02/05 09:30pm

ATR only has limited mining operations in place. From around the traps it would appear that ATR has positions / relationships in a number of emerging operations ie BMX, AZC, MAL, CNM and GUN. The company has lot's of growth potential in these relationships and an interest in developing the downstream titanium minerals processing industry.

Chinese interests will drive this company.

jeeves

 
One Up
post Posted: Feb 28 2005, 09:30 PM
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Yeah it was a pretty terrific half. But like you mention Anne, ATR is maintaining its NPAT forecast of $19m for the year, so is implicitly forecasting a decline in earnings in the second half - this might icon14.gif keep a dampener on the share price.

Nuplex Industries (another chemicals company) has recently issued a profit downgrade puke.gif due to higher raw materials prices - even though they were able to pass on most of the increases in their costs - and also emphasised that there would be unavoidable shortages in the short term which would adversely affect profitability. Nuplex emphasised their belief that supplier relationships would be key to ensure preference of supply. The sort of situation affecting Nuplex (ie raw materials shortages and higher prices) seems to be what ATR is alluding to in their forecast. But my understanding was that ATR had quite a few Zircon mines of its own and would thus be quite insulated from such a situation - so not sure why this would be a biggie (please enlighten me smile.gif ).

One thing about ATR in general I notice is its poor Free Cash Flows relative to NPAT - which is why it tried to do a placement late last year (but failed). Perhaps we should expect a rights issue soon?

 
 


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