Last $35.85 PHP
Change Today -0.15 / -0.42%
Volume 191.2K
NIKL On Other Exchanges
Symbol
Exchange
OTC US
Philippines
As of 11:58 PM 07/27/14 All times are local (Market data is delayed by at least 15 minutes).

nickel asia corp (NIKL) Snapshot

Open
$35.70
Previous Close
$36.00
Day High
$36.00
Day Low
$35.65
52 Week High
07/17/14 - $37.20
52 Week Low
12/17/13 - $14.22
Market Cap
90.6B
Average Volume 10 Days
4.6M
EPS TTM
$1.01
Shares Outstanding
2.5B
EX-Date
04/4/14
P/E TM
35.5x
Dividend
$0.30
Dividend Yield
0.84%
Current Stock Chart for NICKEL ASIA CORP (NIKL)

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nickel asia corp (NIKL) Details

Nickel Asia Corporation is engaged in the mining of various ore, metals, and minerals in the Philippines. The company operates four lateritic nickel mines, including Rio Tuba, Taganito, Cagdianao, and Taganaan mines, which are located in the southern half of the Philippines. The company produces and supplies lateritic nickel ore, limonite ore, and saprolite ore to ferronickel producers in Japan, and the Chinese trading and steel producing companies, as well as to the refiners of copper, gold, nickel, and zinc. It also provides limestone and marine services; and is involved in chartering of landing craft transport. As of December 31, 2013, the company had proved and probable saprolite ore reserves of 119.6 million wet metric tons (WMT); and proved and probable limonite ore reserves of 249.7 million WMT. Nickel Asia Corporation was founded in 1977 and is based in Taguig City, the Philippines.

1,484 Employees
Last Reported Date: 05/6/14
Founded in 1977

nickel asia corp (NIKL) Top Compensated Officers

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nickel asia corp (NIKL) Key Developments

Nickel Asia Announces Production Results for the First Half Ended June 30, 2014

Nickel Asia announced production results for the first half ended June 30, 2014. For the period, the company announced four operating mines sold an aggregate 7.73 million wet metric tons (WMT) of nickel ore in the first half of 2014 as compared to 5.54 million WMT in the same period last year, or an increase of 40%. The estimated value of shipments for the six months ended June 30, 2014 amounted to P8.9 billion, 117% higher compared to P4.1 billion reported in the same period last year. The surge in shipment volumes during the first half of 2014 was largely the result of increased ore deliveries to the HPAL plants, in particular to the Taganito HPAL facility, now on its first full year of commercial operations. The said plant was still in its pre-operating stage during the same period last year. As a result, total ore deliveries to the two HPAL plants reached 3.62 million WMT in 2014 compared to 1.64 million WMT in 2013. The direct exports of ore likewise contributed to the company's higher shipments in the first half of the year, increasing from 3.90 million WMT to 4.11 million WMT. On a per mine basis, the Company's Taganito operations became the largest, accounting for 42% of total shipments during the first half of the year. The mine shipped a total of almost 950,000 WMT of saprolite ore and 2.34 million WMT of limonite ore, including 1.96 million WMT of limonite to the new plant. The Rio Tuba mine accounted for 38% of total shipments during this first half. The mine shipped 1.04 million WMT of saprolite ore and 1.94 million WMT of limonite ore, including 1.66 million WMT to the adjacent Coral Bay plant. The Company's two other operating mines, Hinatuan and Cagdianao, commenced shipments only in April and May, respectively, following the end of the wet season. The Hinatuan mine shipped a total of 1.09 million WMT of limonite ore and 51,000 WMT of saprolite ore, while the Cagdianao mine shipped a total of 110,000 WMT of limonite ore and 212,000 WMT of saprolite ore.

Nickel Asia Corporation Approves Amendment of Articles of Incorporation

Nickel Asia Corporation at the annual the annual general meeting held on June 6, 2014 approved the amendment of the articles of incorporation to change place of business to Taguig City.

Nickel Asia Corporation Reports Unaudited Consolidated Financial and Operating Results for the First Quarter Ended March 31, 2014

Nickel Asia Corporation reported unaudited consolidated financial and operating results for the first quarter ended March 31, 2014. For the quarter, the company reported net income attributable to equity holders of the parent of PHP 593.725 million or PHP 0.24 per basic and diluted share as compared to PHP 100.3 million or PHP 0.04 per basic and diluted share reported during the same period last year. Revenues were PHP 1,697.016 million as compared to PHP 1,404.884 million reported during the same period last year. Income before income tax was PHP 1,168.216 million as compared to PHP 321.106 million reported during the same period last year. Net income was PHP 1,033.637 million as compared to PHP 217.959 million reported during the same period last year. Net cash from operating activities was PHP 286.953 million as compared to PHP 141.527 million reported during the same period last year. Acquisitions of property and equipment was PHP 355.031 million as compared to PHP 575.891 million reported during the same period last year. The company sold an aggregate 2,646,200 wet metric tonnes (WMT) of nickel ore in the three months ended March 31, 2014, an increase of 52% compared to 1,740,200 WMT of nickel ore in the three months ended March 31, 2013.

 

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NIKL

Industry Average

Valuation NIKL Industry Range
Price/Earnings 37.0x
Price/Sales 8.4x
Price/Book 4.4x
Price/Cash Flow 34.9x
TEV/Sales 6.9x
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