Salt Lake Potash Limited chart

Last update: 2021-02-19
Key statistics and financials
Revenue per share 0.00
Dividend & YieldN/A$ (N/A)
Beta 0.45
Market capitalization 253.11M
Operating cash flow -12.16M
ESG Scores unknown

Company description

Salt Lake Potash Limited engages in the exploration and development of resource projects in Australia. The company explores for sulphate of potash deposits. It primarily owns nine salt lakes located in the Goldfields region of Western Australia. The company was formerly known as Wildhorse Energy Limited and changed its name to Salt Lake Potash Limited in November 2015. Salt Lake Potash Limited was incorporated in 2005 and is based in Perth, Australia.

Sector: Basic Materials - Industry: Other Industrial Metals & Mining

Financial Ratios
Quick Ratio2.3
Working Capital-0.11
Return On Equity-0.02
Debt To Equity0.64
Fixed Asset Ratio0
Fixed Interest Cover-1421.75

Financial data

Financial Statements

Cashflow Statement 2018-06-30 2019-06-30 2020-06-30 2021-06-30
Change To Liabilities 280.21k 6.03M -4.94M -1.09M
Total Cashflows From Investing Activities -256.89k -357.32k -88.55M -241.9M
Net Borrowings -11.83k -13.63k 66.19M 145.28M
Total Cash From Financing Activities -84.16k 32.29M 114.31M 316.05M
Change To Operating Activities 38.28k 753.42k 149k
Issuance Of Stock 33.55M 33.55M 50.89M 185.1M
Net Income -11.33M -26.9M -15.68M -5.31M
Change In Cash -9.89M 13.59M -12.27M 62.41M
Effect Of Exchange Rate 358k 358k 358k 424k
Total Cash From Operating Activities -9.55M -18.33M -38.4M -12.16M
Depreciation 75.03k 193.63k 410k 409k
Change To Account Receivables 84.78k -695.76k -3.03M 3.54M
Other Cashflows From Financing Activities -72.33k -1.25M -2.76M -14.34M
Change To Netincome 1.3M 2.28M -13.77M -6.13M
Capital Expenditures -256.89k -357.32k -88.58M -200.77M

Income Statement 2018-06-30 2019-06-30 2020-06-30 2021-06-30
Research Development
Income Before Tax -11.33M -26.9M -35.34M -7.23M
Net Income -11.33M -26.9M -15.68M -5.31M
Selling General Administrative 2.19M 4.12M 8.29M 9.11M
Gross Profit -8.51M -13.02M -5.12M
Ebit -11.57M -27.03M -35.74M -17.06M
Operating Income -11.57M -27.03M -35.74M -17.06M
Interest Expense -943k -943k -943k -12k
Income Tax Expense -19.66M -1.92M
Total Revenue
Cost Of Revenue 8.51M 13.02M 5.12M
Total Other Income ExpenseNet 238.21k 135.95k 406k 9.83M
Net Income From Continuing Ops -11.33M -26.9M -15.68M -5.31M
Net Income Applicable To Common Shares -11.33M -26.9M -15.68M -5.31M

Balance Sheet Statement 2018-06-30 2019-06-30 2020-06-30 2021-06-30
Total Liabilities 1.73M 8.56M 111.24M 273.31M
Total Stockholder Equity 7.02M 14.71M 60.13M 251.9M
Other Current Liabilities 7k
Total Assets 8.75M 23.27M 171.36M 525.21M
Common Stock 123.5M 155.92M 209.61M 405.08M
Other Current Assets 17.63M
Retained Earnings -118.59M -145.48M -160.77M -166.08M
Treasury Stock 2.11M 4.27M 11.28M 12.9M
Cash 5.71M 19.3M 7.03M 69.44M
Total Current Liabilities 1.69M 7.81M 86.39M 38.66M
Other Stockholder Equity 2.11M 4.27M 11.28M 12.9M
Property, Plant, and Equipment 2.81M 3.04M 136.07M 395.23M
Total Current Assets 5.94M 20.23M 14.16M 89.06M
Net Tangible Assets 7.02M 14.71M 60.13M 251.9M
Net Receivables 227.27k 923.04k 4.03M 1.99M
Accounts Payable 1.37M 5.11M 7.28M 3.73M


Insider Transactions

Here are the insider transactions of stock shares related to Salt Lake Potash Limited:

Filer Name Transaction Text Ownership Date Filer Relation Shares
Lombard Odier Asset Management (Europe) LtdD2021-09-231.29M
Middlemas (Ian Peter)Bought at price 0.26 per share.D2021-08-132.5M
Swiericzuk (Tony James)Bought at price 0.26 per share.D2021-08-13250k
Thomas (Peter)Bought at price 0.26 per share.D2021-08-1355k
Lombard Odier Asset Management (Europe) LtdD2021-03-1912.93M
Bungey (Matthew)Bought at price 0.31 per share.D2021-02-12150k
Jones (Bryn)Bought at price 0.36 per share.D2021-02-1275k
Middlemas (Ian Peter)Bought at price 0.31 per share.D2021-02-123M
Montgomery (Philip)Bought at price 0.31 per share.D2021-02-121.25M
Swiericzuk (Tony James)Bought at price 0.31 per share.D2021-02-12500k
Thomas (Peter)Bought at price 0.31 per share.D2021-02-12125k
Bungey (Matthew)Bought at price 0.36 per share.D2020-09-29370k
Bungey (Matthew)Bought at price 0.37 per share.D2020-09-02100k
Day (Shaun)Bought at price 0.37 per share.D2020-09-02301.26k
Jones (Bryn)Bought at price 0.37 per share.D2020-09-0215.62k
McGhie (Clinton)Bought at price 0.37 per share.D2020-09-0220k
Pearce (Mark Laurence)Bought at price 0.37 per share.D2020-09-02400k
Lombard Odier Asset Management (Europe) LtdD2020-09-01250k
Bungey (Matthew)D2020-08-28
Jones (Bryn)D2020-08-28
Pearce (Mark Laurence)D2020-08-28
Lombard Odier Asset Management (Europe) LtdD2020-08-2010.43M
Middlemas (Ian Peter)Bought at price 0.36 per share.D2020-08-172.75M
Swiericzuk (Tony James)Bought at price 0.36 per share.D2020-08-17400k
Lombard Odier Asset Management (Europe) LtdD2020-06-2214.29M
Bungey (Matthew)D2020-05-14
Day (Shaun)Bought at price 0.22 per share.D2020-04-29102.94k
Swiericzuk (Tony James)D2020-03-191.5M
Middlemas (Ian Peter)Bought at price 0.47 per share.D2020-02-12250k
Swiericzuk (Tony James)Bought at price 0.47 per share.D2020-02-12678.57k
Pearce (Mark Laurence)D2019-11-1150k
Swiericzuk (Tony James)D2019-11-11266.26k
Jones (Bryn)D2019-11-1150k
Middlemas (Ian Peter)D2019-08-06
Syme (Matthew)D2019-07-23
Lombard Odier Asset Management (Europe) LtdD2019-06-18
Lombard Odier Asset Management (Europe) LtdD2019-06-1411.21M
Syme (Matthew)Exercise of Option at price 0.28 per share.D2019-05-15750k
Lombard Odier Asset Management (Europe) LtdD2019-03-045.81M
Middlemas (Ian Peter)D2019-01-10
Swiericzuk (Tony James)D2019-01-10
Lombard Odier Asset Management (Europe) LtdD2019-01-09
Middlemas (Ian Peter)Bought at price 0.30 per share.D2018-11-20750k
Lombard Odier Asset Management (Europe) LtdD2018-11-16954.5k
Middlemas (Ian Peter)D2018-09-26
Pearce (Mark Laurence)D2018-09-26
Syme (Matthew)D2018-09-26
Lombard Odier Asset Management (Europe) LtdD2018-06-151.75M
JPMorgan Chase & CoD2018-03-159.56k
JPMorgan Chase & CoD2018-01-2555.98k
JPMorgan Chase & CoD2017-11-2755.08k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Salt Lake Potash Limited. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Salt Lake Potash Limited

Here is the result of two systematic investment strategies applied to Salt Lake Potash Limited. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Salt Lake Potash Limited

The following chart shows the equity curve of the two systematic investment strategies applied to Salt Lake Potash Limited:

Salt Lake Potash Limited automated entries

The systematic investment strategy that buys the first day of the month would give a performance of -9.1% on the backtest period.

Performance at glance

Performance

-9.1 %

Latent gain

-204.68 $

Invested capital

2249.45 $

Annualized return

-2.13 %
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Momentum strategy results on Salt Lake Potash Limited

This is the result of two momentum investment strategies applied to Salt Lake Potash Limited. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Salt Lake Potash Limited

The following chart shows all the entries opened by the momentum investment system on Salt Lake Potash Limited:

Salt Lake Potash Limited momentum entries
  • The first momentum investment strategy would give -8.79% of return on Salt Lake Potash Limited. That represents -527.19$ of latent gain with 5999.48$ of employed capital.
  • The second momentum investment strategy would give -1.88% of return on Salt Lake Potash Limited. That represents -79.79$ of latent gain with 4250.32$ of employed capital.
Performance at glance (1Q Momentum)

Performance

-8.79 %

Latent gain

-527.19 $

Invested capital

5999.48 $

Annualized return

-15.16 %
Performance at glance (2Q Momentum)

Performance

-1.88 %

Latent gain

-79.79 $

Invested capital

4250.32 $

Annualized return

-0.49 %

Momentum equity curve on Salt Lake Potash Limited

The following chart shows the equity curve of the two momentum strategies applied to Salt Lake Potash Limited:

Salt Lake Potash Limited momentum equity

Note: the dividends potentially given by Salt Lake Potash Limited are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Salt Lake Potash Limited

The following chart shows the employed capital evolution of the two momentum strategies on Salt Lake Potash Limited since the beginning:

Salt Lake Potash Limited

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Salt Lake Potash Limited

Buy the dip entry openings on Salt Lake Potash Limited

Salt Lake Potash Limited

The performance achieved by the robo-advisor on Salt Lake Potash Limited is -34.57%. That represents -605.04$ of latent gain with 1750.28$ of employed capital. The following chart shows Salt Lake Potash Limited stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Salt Lake Potash Limited, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

-34.57 %

Latent gain

-605.04 $

Invested capital

1750.28 $

Annualized return

-15.16 %

Equity curve of the strategy applied to Salt Lake Potash Limited

The following chart shows the result of the investment strategy applied to Salt Lake Potash Limited:

Salt Lake Potash Limited

Note: the dividends potentially given by Salt Lake Potash Limited are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Salt Lake Potash Limited

The following chart shows the employed capital evolution since the beginning of the investment strategy on Salt Lake Potash Limited:

Salt Lake Potash Limited

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Salt Lake Potash Limited

In this section, I will compare the three previous investment strategies applied to Salt Lake Potash Limited.

Equity curve comparison on Salt Lake Potash Limited

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Salt Lake Potash Limited investment strategy comparison

Employed capital comparison on Salt Lake Potash Limited

Salt Lake Potash Limited investment comparison

Performance comparison on Salt Lake Potash Limited

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment -9.1% -204.68$ 2249.45$ -2.13%
Momentum 1 quarter -8.79% -527.19$ 5999.48$ -2.18%
Momentum 2 quarters -1.88% -79.79$ 4250.32$ -0.49%
Non-directional -34.57% -605.04$ 1750.28$ -15.16%
Annualized return comparison

Automatic investment

-2.13 %

Momentum 1Q

-0.49 %

Momentum 2Q

-0.49 %

Non-directional

-15.16 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Salt Lake Potash Limited:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between Salt Lake Potash Limited and the other stocks. There may be false positives or some missing correlated stocks. If the price of Salt Lake Potash Limited does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name Salt Lake Potash Limited
Country Australia
City Perth
Address 239 Adelaide Terrace
Phone 61 8 6559 5800
Website www.so4.com.au
FullTime employees
Industry Other Industrial Metals & Mining
Sector Basic Materials
Exchange XASX
Ticker SO4.XASX
Market www2.asx.com.au

Salt Lake Potash Limited ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown