Magontec Ltd (mgl) Logo

Magontec Ltd (MGL)

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MGL ASX Chart

Snapshot

Magontec Limited (MGL) has been at the forefront of magnesium alloy development for five decades.The Company's activities during the year were manufacture and sale of generic and specialist alloys (including both primary alloy manufacture and recycling); Manufacture and distribution of magnesium and titanium cathodic corrosion protection products (anodes); Research and development of new proprietary magnesium alloys and technologies; Research and development of cathodic corrosion protection products (CCP) and creating markets for new magnesium alloys and technologies by supporting demonstration trials and programs for developing new applications.

Share Price Activity (ASX)

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
2024 YTD
1 Year
vs Sector (1yr) -23.56%
vs ASX 200 (1yr) -37.76%

Size

Market Cap Question Mark Icon
Excludes mandatory escrowed shares and foreign shares.
ASX Rank 1,418 of 2,382
Sector Rank 456 of 1,010

Key Fundamentals

Shares Issued
Sector Basic Materials
Similar Companies PNX / KOB / EHX
EPS $0.005
DPS $0.012
Book Value Per Share $0.674

Broker Consensus

MGL is not covered by a major broker, or data from most recent compilation was omitted due to not meeting QA guidelines.

Announcements

Price Sensitive only

Corporate Overview

Corporate Details

Head Office Potts Point NSW 2011
Website www.magontec.com
Registry BoardRoom
Auditor Camphin Boston Chartered Accountants
Date Listed 28 Apr 1988

Upcoming Calendar (Forecasted)

Date Event
29/08/2024 Report (Interim)
26/02/2025 Report (Prelim)
26/02/2025 Report (Annual)
12/03/2025 Report (Prelim)

Former Company Names

  • Advanced Magnesium Limited (ANM), 24/11/2011
  • Australian Magnesium Corporation Ltd (ANM), 01/11/2005
  • Queensland Metals Corporation Ltd (QMC), 17/08/2000
  • Queensland Metals Corporation NL, 20/12/1990

Dividend History

DPS and Yield calculations use the Pay Date.

Ex-Date Amount Franking Gross Type Payable
02/04/2024 $0.006 0% $0.006 Final 30/04/2024
28/09/2023 $0.006 0% $0.006 Interim 31/10/2023
30/03/2023 $0.006 0% $0.006 Final 28/04/2023
29/09/2022 $0.006 0% $0.006 Interim 31/10/2022

See Upcoming Dividends for all ASX companies.

Key Data
DPS(TTM) $0.012
Gross DPS(TTM) $0.012
Dividend yield
Gross yield
Payout Ratio 231%
DRP Yes
DRP Features --

Directors & Management

Directors

Management

Director Transactions

MGL 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
21/05/24 Nicholas Andrews Issued 18,750 $0.340 $6,375 Director remuneration
30/04/24 Zhong Jun Li Buy +61,630 $0.318 $19,622 Dividend Reinvestment Plan (DRP)
30/04/24 Zhong Jun Li Buy +449 $0.316 $142 Dividend Reinvestment Plan (DRP)
30/04/24 Nicholas Andrews Buy +33,308 $0.318 $10,605 Dividend Reinvestment Plan (DRP)
28/03/24 Nicholas Andrews Buy +582,046 $0.340 $197,895 Off-market trade
28/03/24 Nicholas Andrews Sell +582,046 $0.340 ($197,895) Off-market trade
08/03/24 Zhong Jun Li Sell +3,847,524 $0.592 ($2,279,333) Off-market trade
08/03/24 Zhong Jun Li Buy +3,847,524 $0.592 $2,279,333 Off-market trade
29/02/24 Nicholas Andrews Issued 200,000 $0.370 $74,000 Conversion of securities
29/02/24 Nicholas Andrews Issued 936,836 $0.370 $346,629 Director remuneration
29/02/24 Nicholas Andrews Exercise 200,000 $0.370 $74,000 Conversion of securities
29/02/24 Nicholas Andrews Cancelled 466,667 $0.370 $172,666 Cancellation of securities
07/11/23 Robert Kaye Buy +12,000 $0.375 $4,500 On-market trade
06/11/23 Robert Kaye Buy +20,285 $0.375 $7,606 On-market trade
31/10/23 Nicholas Andrews Buy +16,647 $0.421 $7,013 Dividend Reinvestment Plan (DRP)
31/10/23 Nicholas Andrews Buy +5,365 $0.421 $2,260 Dividend Reinvestment Plan (DRP)
31/10/23 Zhong Jun Li Buy +37,979 $0.421 $16,000 Dividend Reinvestment Plan (DRP)
31/10/23 Zhong Jun Li Buy +334 $0.419 $140 Dividend Reinvestment Plan (DRP)
17/05/23 Robert Kaye Buy +27,500 $0.375 $10,312 On-market trade
11/05/23 Nicholas Andrews Issued 162,011 $0.410 $66,424 Director remuneration
28/04/23 Zhong Jun Li Buy +43,705 $0.362 $15,817 Dividend Reinvestment Plan (DRP)
28/04/23 Zhong Jun Li Buy +382 $0.361 $138 Dividend Reinvestment Plan (DRP)
28/04/23 Nicholas Andrews Buy +19,063 $0.362 $6,898 Dividend Reinvestment Plan (DRP)
28/04/23 Nicholas Andrews Buy +6,143 $0.362 $2,223 Dividend Reinvestment Plan (DRP)
19/04/23 Robert Kaye Buy +23,939 $0.400 $9,575 On-market trade
17/04/23 Robert Kaye Buy +35,477 $0.375 $13,303 On-market trade
14/04/23 Robert Kaye Buy +1,738 $0.375 $651 On-market trade
06/04/23 Robert Kaye Buy +15,243 $0.375 $5,716 On-market trade
05/04/23 Robert Kaye Buy +3,603 $0.375 $1,351 On-market trade
24/02/23 Nicholas Andrews Issued 666,164 $0.305 $203,180 Director remuneration
07/11/22 Zhongjun Li Buy +400 $0.338 $135 Dividend Reinvestment Plan (DRP)
07/11/22 Zhongjun Li Buy +46,020 $0.339 $15,623 Dividend Reinvestment Plan (DRP)
07/11/22 Nicholas Andrews Buy +6,434 $0.339 $2,184 Dividend Reinvestment Plan (DRP)
07/11/22 Nicholas Andrews Buy +19,968 $0.339 $6,779 Dividend Reinvestment Plan (DRP)
11/02/22 Nicholas Andrews Issued 3,704 $0.450 $1,666 Issue of securities
19/01/22 Nicholas Andrews Issued 770,370 $0.450 $346,666 Issue of securities
31/12/21 Nicholas Andrews Expiry 300,000 $0.450 $135,000 As advised by the company
21/01/21 Nicholas Andrews Issued 10,000,000 $0.014 $140,000 Issue of securities
31/12/20 Nicholas Andrews Expiry 4,500,000 $0.019 $85,500 As advised by the company
14/08/20 Nicholas Andrews Issued 1,227,273 $0.021 $25,772 Issue of securities
30/07/20 Nicholas Andrews Issued 1,538,461 $0.013 $19,999 Placement
30/07/20 Robert Kaye Issued 1,538,461 $0.013 $19,999 Placement
31/12/19 Nicholas Andrews Expiry 4,275,488 $0.016 $68,408 As advised by the company
24/01/19 Nicholas Andrews Issued 4,500,000 $0.024 $108,000 Issue of securities
10/05/18 Nicholas Andrews Issued 4,500,000 $0.031 $139,500 Issue of securities
19/05/17 Nicholas Andrews Issued 17,920,607 $0.036 $645,142 Issue of securities
19/05/17 Nicholas Andrews Issued 1,877,451 $0.037 $69,447 Issue of securities

Director Interests

The current holdings of MGL directors.

Director Last Notice Direct Shares Indirect Shares Options Convertibles
Zhong Jun Li 30/04/2024 28,232 3,909,154 N/A N/A
Nicholas Andrews 30/04/2024 0 1,800,890 N/A N/A
Robert Kaye 30/12/2023 N/A 242,350 N/A N/A
Xing Cai Li 28/09/2022 0 N/A N/A N/A
Atul Malhotra 04/12/2018 0 N/A N/A N/A
Willie Labuschagne 22/01/2014 0 N/A N/A N/A

Shareholder Info

Top 20 Shareholders

Data supplied by Morningstar and accurate on Dec 31, 2023.

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
Qinghai Salt Lake Magnesium Co Ltd 22,681,940 28.89%
Citicorp Nominees Pty Limited 9,807,650 12.49%
J P Morgan Nominees Australia 3,913,386 4.98%
Keweier Metal Co Ltd & Li Zhong Jun 3,875,307 4.94%
Yellow Zone Super Fund 3,332,844 4.24%
BNP Paribas Nominees Pty Ltd 2,595,385 3.31%
National Nominees Limited 2,006,091 2.56%
Mr Nicholas William Andrews & Dewberri Pty Ltd 1,567,582 2.00%
Mr Scott Parham 1,313,315 1.67%
Bellino Pty Ltd 1,237,268 1.58%
Mr Shaun William Sainsbury Drabsch 919,579 1.17%
Miengrove Pty Ltd 752,565 0.96%
Mr Xunyou Tong 686,402 0.87%
Mrs Pamela Elizabeth Drabsch 678,975 0.86%
Dalsiz Pty Ltd 668,310 0.85%
Brian Gorman Self Managed Super Fund Pty Ltd 650,000 0.83%
Dr Andrew Duncan Maclaine-Cross 602,528 0.77%
Mr John Michael Patrick O'Reilly 560,000 0.71%
Escor Equities Consolidated 533,334 0.68%
Mr Peter Fabian Hellings 520,000 0.66%

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 608 761 205 261 63 1,898

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.

Note: If a substantial shareholder's stake drops below 5%, the "Shareholders Selling" field shows full ownership as sold and sets "New %" to zero, even if they continue to hold shares under the limit.

Name Last Notice Total Shares Shares Held (%)
Qinghai Salt Lake Magnesium Industry Ltd 31/12/2023 22,681,940 28.89
Allan Gray Australia Pty Ltd 31/12/2023 15,109,260 19.24

Shareholders Buying

12 month transaction history compiled from ASX announcements.

No buy transactions reported by Substantial Shareholders in the past 12 months.

Shareholders Selling

12 month transaction history compiled from ASX announcements.

No sell transactions reported by Substantial Shareholders in the past 12 months.

Historical Data

Share Price History

Date Close Change %Chg Open High Low Volume Turnover

Historical Data

Year Closing Price Last Trade
2023 $0.425 30 June
2022 $0.345 30 June
2021 $0.018 30 June
2020 $0.017 30 June
2019 $0.025 28 June
2018 $0.025 29 June
2017 $0.035 28 June
2016 $0.038 28 June
2015 $0.013 30 June
2014 $0.028 30 June
MGL Historical Price Data (CSV)
Up to 20 years of EOD share price history

Important note:

All year-end and CSV data is "as traded on the day" and ignores corporate actions (e.g. share splits)

Market Index, ASX and Morningstar Logos

All data on this page is supplied by the ASX, Morningstar and Market Index. Read the disclaimer.