Stanmore Coal Limited : Stanmore Coal Ltd - Broker Research Report
03/14/2012| 03:22am US/Eastern
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13 March 2012
Asia Pacific/Australia
Equity Research
Diversified Metals & Mining (Metals & Mining) / OVERWEIGHT
Rating OUTPERFORM* [V]
Price (13 Mar 12, A$) 0.79
Target price (A$) (from 1.30) 1.45¹
Market cap. (A$mn) 126.38
Yr avg. mthly trading (A$mn) 5
Last month's trading (A$mn) 5
Projected return:
Capital gain (%) 83.5
Dividend yield (net %) - Total return (%) 83.5
52-week price range 1.45 - 0.70
* Stock ratings are relative to the relevant country
benchmark.
¹Target price is for 12 months.
[V] = Stock considered volatile (see Disclosure Appendix).
Research Analysts
Paul McTaggart
61 2 8205 4698 paul.mctaggart@credit-suisse.com
James Redfern
612 8205 4779 james.redfern@credit-suisse.com
Martin Kronborg
61 2 8205 4369 martin.kronborg@credit-suisse.com
Share price performance
Price ( LHS) Rebased R el (R HS)
Stanmore Coal (SMR.AX / SMR AU)
INCREASE TARGET PRICE
1H12 earnings immaterial, watch for key catalysts in 2H12
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