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Lynas Rare EARTHS Ltd (lyc) Logo

Lynas Rare EARTHS Ltd (LYC)

___:___ · Basic Materials
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VOLUME
DIV YIELD
PE RATIO
1 YR RETURN
52 WEEK RANGE
Overview
Financials (10-yr)

LYC Chart

Snapshot

LYC's Principal Activity is the integrated extraction and processing of Rare Earth minerals, primarily in Australia and Malaysia; and Development of Rare Earth deposits.

Share Price Activity

Last (Price)
Change 0.00 (0.00)
Bid / Ask -
Volume
Volume (4w avg)
Turnover
Open
Day Range -
VWAP
Prev Close
Last Trade

Performance

1 Week
1 Month
2021 YTD
1 Year
vs Sector (1yr) +119.11%
vs ASX 200 (1yr) +111.60%

Size

Market Capitalisation
ASX Rank 68 of 2,375
Sector Rank 12 of 829

Key Fundamentals

Shares Issued
Sector Basic Materials
Similar Companies MIN / OZL / IGO
EPS $0.015
DPS $0.00
NTA per share $1.07

Broker Consensus

Breakdown 1 Buy · 4 Hold · 6 Sell
Recommendation Sell
Last Updated 04/10/21

Announcements

Date Heading Pages File Size Time

Corporate Overview

Lynas Rare Earths Limited (LYC , formerly Lynas Corporation Limited ) is an integrated source of rare earths from mine to customer. Lynas has a portfolio of aligned assets to explore, develop, mine and process rare earth minerals. These assets are Mt Weld and Lynas Advanced Materials Plant (LAMP). LYC's main asset is Mt Weld rare earths deposit in Western Australia.

Incorporation Details

Incorporated in WA on 23/05/1983 as Yilgangi Gold NL. Name changed to Lynas Gold NL (LYG) on 04/07/1985 and to Lynas Corporation Limited (LYC) on 26/05/2000. ASX Industry Classification changed from 011 - Gold (Gold Producers) to 021 - Other Metals (Diversified Mining) and GICS changed from 15104030 (Materials, Materials, Metals & Mining, Gold) to 15104020 (Materials, Materials, Metals & Mining, Diversified Metals & Minerals) on 25/06/2002.

Corporate Details

Head Office Pahang Darul Makmur Malaysia 26080
Website www.lynascorp.com
Registry BoardRoom
Auditor Ernst & Young
Date Listed 11 Sep 1986

Upcoming Calendar (Forecasted)

Date Event
28/01/2022 Report (Quarterly)
25/02/2022 Report (Interim)
19/04/2022 Report (Quarterly)
25/07/2022 Report (Quarterly)

Dividend History

DPS and Yield calculations use the Pay Date.

Ex-Date Amount Franking Gross Type Payable
No dividends paid.
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See Upcoming Dividends for all ASX companies.

Directors & Management

Directors & Management

Name Title Since Bio
Ms Sarah Leonard Company Secretary,General Counsel Jan 2021
Dr Vanessa Ann Guthrie Non-Executive Director Oct 2020 Director Bio icon

Dr Vanessa Ann Guthrie

Non-Executive Director

Dr Guthrie was appointed as a Non-Executive Director on 1 October 2020. Dr Guthrie has qualifications in geology, environment, law and business management including a PhD in Geology and over 30 years' experience in the resources sector. Dr Guthrie is currently a non-executive Director of Santos Limited, Tronox Holdings PLC and Cricket Australia, a Lead Independent Director and Deputy Chair of Adbri Limited, and Pro-Chancellor of Curtin University. Dr Guthrie was formerly the Deputy Chair of the WACA and non-executive Director of the Australian Broadcasting Corporation. In 2017, Dr Guthrie was awarded an Honorary Doctor of Science from Curtin University for her contribution to sustainability, innovation and policy leadership in the resources industry. Dr Guthrie was appointed an Officer of the Order of Australia in 2021 for contribution to the minerals and resources sector. Dr Guthrie is a member of the Nomination, Remuneration and Community Committee and the Health, Safety and Environment Committee.

Mr Grant Bruce Murdoch Non-Executive Director Oct 2017 Director Bio icon

Mr Grant Bruce Murdoch

Non-Executive Director

Mr Murdoch joined the Company as a Non-Executive Director on 30 October 2017. Mr Murdoch has more than 38 years of chartered accounting experience. From 2004 to 2011, Mr Murdoch led the corporate finance team for Ernst & Young Queensland and was an audit and corporate finance partner with Deloitte from 1980 to 2000. Mr Murdoch has experience in providing advice in relation to mergers, acquisitions, takeovers, corporate restructures, share issues, pre-acquisition pricing due diligence advice, expert reports for capital raisings and initial public offerings. Mr Murdoch is currently a Non-Executive Director and chair of the audit committee of the listed entity OFX Ltd and Auswide Bank Ltd (from 1 January 2021). He was previously a director and the chair of the audit committee for ALS Limited, Redbubble Limited and QIC. He is a senator of the University of Queensland (as well as chair of the risk committee and member of the finance committee), an adjunct professor at the University of Queensland Business School. Mr Murdoch is the Chair of the Audit and Risk Committee and a member of the Nomination, Remuneration and Community Committee

Mr John Scott Humphrey Non-Executive Director May 2017 Director Bio icon

Mr John Scott Humphrey

Non-Executive Director

Mr Humphrey joined the Company as a Non-Executive Director on 15 May 2017. His key areas of expertise include mergers and acquisitions, corporate finance and corporate governance. Mr Humphrey is a senior consultant to King & Wood Mallesons. He was the Dean of the Faculty of Law at Queensland University of Technology from January 2013 until June 2019. He was a Senior Partner at King & Woods Mallesons between 1998 and 2012 and a Partner at Corrs Chambers Westgarth between 1980 and 1998. He is an experienced Non-Executive Director having previously been Chairman and a Non-Executive Director of Spotless Group Holdings until 31 January 2021 and Chairman and Non-Executive Director of Auswide Bank Limited (formerly Wide Bay Australia Limited) until 31 December 2020. He was appointed as Chairman and a Non-Executive Director of Titles Queensland in August 2021 and he has previously served as Chairman and Non-Executive Director of Horizon Oil Limited and Villa World Limited, Deputy Chairman of King & Wood Mallesons and as a Non-Executive Director of Cromwell Property Group, Downer Group Limited, and Sunshine Broadcasting Group Limited. He has also served as a member of the Australian Takeovers Panel. Mr Humphrey is the Chair of the Nomination, Remuneration and Community Committee and a member of the Audit and Risk Committee.

Mr Philippe Gerald Etienne Non-Executive Director Jan 2015 Director Bio icon

Mr Philippe Gerald Etienne

Non-Executive Director

Mr Etienne joined the Company as a Non-Executive Director on 1 January 2015. He is a Non-Executive Director of Cleanaway Waste Management Limited (formerly Transpacific Industries Group Ltd), Aristocrat Leisure Limited and Chairman of ANZ Terminals Pty Ltd. Mr Etienne was also the former Managing Director and Chief Executive Officer of Innovia Security Pty Ltd. Previously, he was Chief Executive Officer of Orica Mining Services and was a member of Orica Limited's Executive Committee. Mr Etienne is a graduate of the Australian Institute of Company Directors. His career includes senior executive positions with Orica in Australia, the USA and Germany including strategy and planning and responsibility for synergy delivery of large scale acquisitions. Mr Etienne is the Chair of the Health, Safety and Environment Committee and a member of the Audit and Risk Committee.

Ms Amanda Margaret Lacaze Chief Executive Officer,Executive Director,Managing Director Jun 2014 Director Bio icon

Ms Amanda Margaret Lacaze

Chief Executive Officer,Executive Director,Managing Director

Ms Lacaze was appointed as Managing Director and Chief Executive Officer of the Company on 25 June 2014 following her appointment as a Non-Executive Director of the Company on 1 January 2014. Ms Lacaze brings more than 25 years of senior operational experience to Lynas, including as Chief Executive Officer of Commander Communications, Executive Chairman of Orion Telecommunications and Chief Executive Officer of AOL|7. Prior to that, Ms Lacaze was Managing Director of Marketing at Telstra and held various business management roles at ICI Australia (now Orica and Incitec Pivot). Ms Lacaze's early experience was in consumer goods with Nestle.

Ms Kathleen Marie Conlon Non-Executive Director,Non-Executive Chairman Nov 2011 Director Bio icon

Ms Kathleen Marie Conlon

Non-Executive Director,Non-Executive Chairman

Ms Conlon was appointed as a Non-Executive Director from 1 November 2011. Ms Conlon is currently a Non-Executive Director of REA Group Limited, Aristocrat Leisure Limited, BlueScope Steel Limited and The Benevolent Society and is a former Non-Executive Director of CSR Limited. She is a member of Chief Executive Women, former President of the NSW division of the Australian Institute of Company Directors and a former member of the National Board of the Australian Institute of Company Directors. Ms Conlon is a former Chairperson of the audit committee of the Commonwealth Department of Health. Prior to her Non-Executive Director career, Ms Conlon spent 20 years in professional consulting where she successfully assisted companies to achieve increased shareholder returns through strategic and operational improvements in a diverse range of industries. Ms Conlon is one of the pre-eminent thought leaders in the area of operations and change management, both in Australia and globally. In 2003, Ms Conlon was awarded the Commonwealth Centenary medal for services to business leadership. Ms Conlon is a member of the Nomination, Remuneration and Community Committee and the Health, Safety and Environment Committee.

G. Sturzenegger CFO N/A
P. Le Roux Vice President - Downstream N/A
M. Ahmad Vice President - Malaysia N/A
K. Leung Vice President - Upstream N/A
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Director Transactions

LYC directors must report any change in shareholding to the ASX within 5 business days.

See Director Transactions for all ASX companies.

Date Director Type Amount Price Value Notes
02/12/21 Amanda Lacaze Sell +200,000 $9.151 ($1,830,251) On-market trade
13/09/21 Amanda Lacaze Buy +55,695 $7.48 $416,598 Conversion of securities
13/09/21 Amanda Lacaze Exercise 55,695 $7.48 $416,598 Conversion of convertible notes
13/09/21 Amanda Lacaze Expiry 176,920 $7.48 $1,323,361 As advised by the company
13/09/21 Amanda Lacaze Sell +350,000 $7.159 ($2,505,779) On-market trade
06/09/21 Vanessa Guthrie Buy +4,000 $6.799 $27,196 On-market trade
02/09/21 Amanda Lacaze Buy +997,490 $6.83 $6,812,856 Conversion of securities
02/09/21 Amanda Lacaze Exercise 997,490 $6.83 $6,812,856 Conversion of securities
03/02/21 Amanda Lacaze Sell +700,000 $5.046 ($3,532,130) On-market trade
02/02/21 Vanessa Guthrie Buy +6,000 $4.904 $29,424 On-market trade
27/11/20 Amanda Lacaze Issued 473,407 $3.68 $1,742,137 Issue of securities
14/09/20 Amanda Lacaze Sell +1,100,000 $2.386 ($2,625,052) On-market trade
14/09/20 Amanda Lacaze Issued 35,161 $2.30 $80,870 Rights issue
14/09/20 Amanda Lacaze Issued 8,663 $2.30 $19,924 Rights issue
14/09/20 Grant Murdoch Issued 18,507 $2.30 $42,566 Rights issue
14/09/20 Philippe Etienne Issued 8,654 $2.30 $19,904 Rights issue
14/09/20 John Humphrey Issued 6,494 $2.30 $14,936 Rights issue
14/09/20 Kathleen Conlon Issued 15,016 $2.30 $34,536 Rights issue
14/09/20 Richard (Mike) Harding Issued 8,464 $2.30 $19,467 Rights issue
11/09/20 Amanda Lacaze Cancelled 142,009 $2.39 $339,401 Cancellation of securities
11/09/20 Amanda Lacaze Exercise 109,148 $2.39 $260,863 Conversion of securities
11/09/20 Amanda Lacaze Buy +109,148 $2.39 $260,863 Conversion of securities
16/03/20 Amanda Lacaze Exercise 1,830,247 $1.08 $1,976,667 Conversion of securities
16/03/20 Amanda Lacaze Buy +1,830,247 $1.08 $1,976,667 Conversion of securities
27/11/19 Amanda Lacaze Issued 545,740 $2.20 $1,200,628 Issue of securities
02/09/19 Amanda Lacaze Cancelled 94,541 $2.45 $231,625 Cancellation of securities
02/09/19 Amanda Lacaze Exercise 860,388 $2.45 $2,107,951 Conversion of securities
02/09/19 Amanda Lacaze Buy +860,388 $2.45 $2,107,951 Conversion of securities
01/03/19 Kathleen Conlon Buy +30,000 $1.655 $49,650 On-market trade
01/03/19 Philippe Etienne Buy +25,000 $1.70 $42,500 On-market trade
01/03/19 Grant Murdoch Buy +20,000 $1.623 $32,450 On-market trade
01/03/19 John Humphrey Buy +30,000 $1.673 $50,175 On-market trade
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Director Interests

The current holdings of LYC directors.

Director Last Notice Direct Shares Indirect Shares Options Convertibles
Amanda Lacaze 02/12/2021 75,365 3,170,780 660,737 N/A
Vanessa Guthrie 06/09/2021 0 10,000 N/A N/A
Philippe Etienne 30/06/2021 N/A 75,284 N/A N/A
Grant Murdoch 30/06/2021 N/A 161,007 N/A N/A
Kathleen Conlon 30/06/2021 N/A 130,635 N/A N/A
John Humphrey 30/06/2021 56,494 N/A N/A N/A
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Shareholder Info

Top 20 Shareholders
About the Data

Data supplied by Morningstar and accurate on Sep 1, 2021.

It's not possible to publish a real-time Top 20 Shareholder list. Companies are not obliged to report this data (with the exception of Substantial Shareholders above 5%). If a company chooses to publish the data, it's usually once a year in their Annual Report.

All data is manually compiled so there might be a delay between the Annual Report being published and the data appearing on Market Index (<7 days for ASX 300 and up to 30 days for micro-caps).

Name Shares Capital
Hsbc Custody Nominees (Australia) Limited 287,859,974 31.91%
J P Morgan Nominees Australia Pty Limited 113,988,611 12.64%
Citicorp Nominees Pty Limited 101,722,199 11.28%
National Nominees Limited 50,682,338 5.62%
BNP Paribas Nominees Pty Ltd Acf Clearstream 30,611,408 3.39%
BNP Paribas Nominees Pty Ltd <Agency Lending Drp A/C> 15,690,812 1.74%
BNP Paribas Noms Pty Ltd <Drp> 11,915,121 1.32%
Merrill Lynch (Australia) Nominees Pty Limited 9,332,906 1.04%
BNP Paribas Nominees Pty Ltd Six SIS Ltd <DRP A/C> 7,233,214 0.80%
Argo Investments Limited 6,779,221 0.75%
HSBC Custody Nominees (Australia) Limited <Nt Comnwlth Super Corp A/C> 4,894,301 0.54%
Hsbc Custody Nominees (Australia) Limited A/C 2 4,630,563 0.51%
BNP Paribas Nominees Pty Ltd <Ib Au Noms Retailclient Drp> 4,617,201 0.51%
Citicorp Nominees Pty Limited <Colonial First State Inv A/C> 3,545,149 0.39%
Ms Amanda Margaret Lacaze & Mr Wayne Vincent Morgan <The Morgan Lacaze A/C> 2,626,472 0.29%
HSBC Custody Nominees (Australia) Limited I 2,226,566 0.25%
Malay-Sino Chemical Industries Sendirian Berhad 2,107,686 0.23%
Ecapital Nominees Pty Limited <Accumulation A/C> 2,085,398 0.23%
Mr Junshi Wang 2,058,500 0.23%
Netwealth Investments Limited <Wrap Services A/C> 1,577,867 0.18%
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Shareholder Distribution

As reported in the most recent Annual Report.

Holding Size 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001+ Total
No. of Shareholders 22,312 15,470 4,101 3,721 256 45,860

Substantial Shareholders

A substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company. Shares can be held through multiple entities, so the Substantial Shareholders list differs from the Top 20 Shareholders list.

Shareholding changes less than 1% do not require notification to the market. When all “Last Notice” dates are identical, it suggests that no (or minimal) change has occurred since the most recent Annual Report.

Name Last Notice Total Shares Shares Held (%)
BlackRock Group 01/09/2021 54,180,840 6.01
Ausbil Investment Management Limited 01/09/2021 51,824,476 5.75
FMR LLC and the entities 27/09/2021 67,678,784 7.50

Shareholders Buying

12 month transaction history compiled from ASX announcements.

Date Name Bought Previous % New %
27-09-21 FMR LLC and the entities 9,241,224 6.49 7.50
26-07-21 FMR LLC and the entities 9,550,083 5.43 6.49
12-05-21 FMR LLC and the entities 48,887,477 -- 5.43
10-03-21 BlackRock Group 9,037,357 5.00 6.01

Shareholders Selling

12 month transaction history compiled from ASX announcements.

Date Name Sold Previous % New %
05-11-21 Vanguard Group 45,023,974 5.00 --
27-08-21 Ausbil Investment Management Limited 9,254,941 6.78 5.76
28-07-21 Ausbil Investment Management Limited 5,618,779 7.84 6.78

Historical Data

Share Price History

Date Close Change %Chg Open High Low Volume Turnover

Historical Data

Year Closing Price Last Trade
2020 $1.935 30 June
2019 $2.57 28 June
2018 $2.34 29 June
2017 $0.105 28 June
2016 $0.053 28 June
2015 $0.034 30 June
2014 $0.13 30 June
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LYC Historical Price Data (CSV)
Up to 20 years of EOD share price history
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