Trade Alerts – Emerging Companies Portfolio
We are making a number of changes to the Emerging Companies Portfolio. Selling FCL & GL1, trimming SLX, SFR, CNI & SRG, buying LTR & BWP, and adding to AD8 & C79.
Global Lithium Resources Ltd (GL1)
GL1 $0.91
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Performance
Advanced charting functionality with the ability to amend timeframes, chart type & indicator selection, powered by TradingView.
Share price activity
Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
- Last (Price)
- 0.91
- Change
- ▼ -0.02 (-1.63)
- Bid / Ask
- 0.91 - 0.92
- Volume
- 469,523
- Turnover
- 421,097
- Open
- 0.92
- Day Range
- 0.89 - 0.92
- VWAP
- 0.90
- Prev Close
- 0.92
- Last Trade
- 11/11 4:10pm
Key information
Displays key information on the security, sourced from Morningstar.
- Sector
- Basic Materials
- Shares Issued
- 277,494,839
- NTA/Share
- 0.61
- Last Dividend
- —
- Dividend Ex Date
- —
- Dividend Pay Date
- —
Current (AUD) · FY2026
Displays key financial data for the most recent fiscal year, in millions. Note - Per share data is in local currency terms irrespective of reporting currency, and may be different to the stated currency, sourced from Morningstar.
- Revenue
- —
- EBITDA
- -7.25
- Profit
- -6.85
- Earnings Per Share (EPS)
- -0.03
- Dividend Per Share (DPS)
- —
- Yield %
- 0.00
- Market Cap
- 251.13
- Price to Earnings Ratio (P/E)
- -34.81
Estimates (AUD)
Displays consensus analyst’s estimates for key measures for the next fiscal year, sourced from Morningstar.
No consensus estimates are available for this company.
Quantitative rating
Displays Morningstar’s Quantitative Equity Research Rating for the security: a star rating from 1 (overvalued) to 5 (undervalued) from the share price against a fair value estimated by a statistical model of Morningstar’s analyst ratings, with the model’s economic moat, financial health and fair value uncertainty, sourced from Morningstar.
Fairly valued
- Economic Moat
- None
- Financial Health
- Moderate
- Uncertainty
- Very High
Morningstar Quantitative Rating as of 6 NOV 2026.
Quantitative Equity Rating Methodology – view here
Fair value estimate
Displays Morningstar’s quantitative fair value estimate for the security against the current share price, with the band around it: the five-star price below which the model would rate the stock five stars and the one-star price above which it would rate it one star, sourced from Morningstar.
Five-star price 0.45 Fair value 0.87 One-star price 1.67
Morningstar Quantitative Rating as of 6 NOV 2026.
Quantitative valuation
Displays where the share price sits in Morningstar’s quantitative fair value band, from the five-star price (undervalued) to the one-star price (overvalued), with the fair value estimate, the price to fair value ratio, the model’s valuation label and its uncertainty rating, sourced from Morningstar.
Buy
Sell
- Fair Value
- 0.87
- Price / Fair Value
- 1.03
- Valuation
- Fairly valued
- Uncertainty
- Very High
Morningstar Quantitative Rating as of 6 NOV 2026. The slider runs from the five-star price (0.45) to the one-star price (1.67).
Displays useful ratios for the security, NB the pricing date used, sourced from Morningstar.
| Ratios |
|---|
| Currency (Price/reporting): AUD/AUD |
| Exchange Rate: 1.0000 |
Price, volume and trading statistics for the security, sourced from Morningstar.
| Price - closing or last bid | 0.90 |
| Price - 12 month high | 1.08 |
| Price - 12 month low | 0.37 |
| Pricing date | 5 NOV 2026 |
| Volume - avg. trading volume for the last ten days | 0.81 |
| Market capitalization | 249.75 |
| 12 Month High price date | 22 SEP 2026 |
| 12 Month Low price date | 26 JUN 2026 |
| Volume - avg. trading volume for the last 3 months | 1.27 |
| Price - 1 Day % Change | 1.12% |
| Price - 13 week price percent change | 74.76% |
| Price - 26 week price percent change | 55.17% |
| Price - 5 Day % Change | 1.12% |
| Price - 52 week price percent change | 87.50% |
| Price - YTD price percent change | 45.16% |
| Price % Change Month To Date | -9.55% |
Earnings, dividends, cash flow and book value per share, sourced from Morningstar.
| EPS excluding extraordinary items - most recent fiscal year | -0.026 |
| EPS excluding extraordinary items - trailing 12 month | -0.026 |
| EPS Normalized - most recent fiscal year | -0.017 |
| Revenue/share - most recent fiscal year | — |
| Revenue/share - trailing 12 month | — |
| Book value per share - most recent fiscal year | 0.614 |
| Book value per share - most recent half-year | 0.614 |
| Book value (tangible) per share - most recent fiscal year | 0.614 |
| Book value (tangible) per share - most recent half-year | 0.614 |
| Cash per share - most recent fiscal year | 0.095 |
| Cash per share - most recent half-year | 0.095 |
| Cash Flow per share - most recent fiscal year | -0.018 |
| Cash Flow per share - trailing 12 month | -0.018 |
| Dividend per share - most recent fiscal year | — |
| Dividends per share - trailing 12 month | 0.000 |
| EBITD per share - trailing 12 month | -0.028 |
| EPS Basic excluding extraordinary items - most recent fiscal year | -0.026 |
| EPS Basic excluding extraordinary items - trailing 12 month | -0.026 |
| EPS including extraordinary items - most recent fiscal year | -0.026 |
| EPS including extraordinary items - trailing 12 month | -0.026 |
| Free Cash Flow per share - trailing 12 month | -0.018 |
Valuation multiples such as P/E, price to sales, price to book and enterprise value ratios, sourced from Morningstar.
| P/E excluding extraordinary items, most recent fiscal year | — |
| P/E Normalized, most recent fiscal year | — |
| Price to sales - most recent fiscal year | 308.85 |
| Price to Tangible Book - most fiscal year | 1.47 |
| Price to Free Cash Flow per Share - most recent fiscal year | — |
| Price to Cash Flow per share - trailing 12 month | — |
| Price to Book - most recent fiscal year | 1.47 |
| P/E excluding extraordinary items high, trailing 12 months | — |
| P/E excluding extraordinary items low, trailing 12 months | — |
| Net Debt, LFI | -20.70 |
| Net Debt, LFY | -25.56 |
| Dividend Yield - 5 Year Average | — |
| Dividend Yield - indicated annual dividend divided by closing price | — |
| Current Dividend Yield - Common Stock Primary Issue, LTM | 0.00% |
Cash flow, liquidity and leverage measures, sourced from Morningstar.
| Free Cash Flow - most recent fiscal year | -4.81 |
| LT debt/equity - most recent fiscal year | 0.25% |
| Payout ratio - most recent fiscal year | — |
| Total debt/total equity - most recent fiscal year | 0.40% |
| LT debt/equity - most recent half-year | 0.33% |
| Total debt/total equity - most recent half-year | 0.77% |
| Free Cash Flow - trailing 12 month | -7.55 |
| Payout ratio - trailing 12 month | — |
Key income statement lines for the most recent fiscal year, in millions, sourced from Morningstar.
| Revenue - most recent fiscal year | — |
| Revenue - trailing 12 month | — |
| EBITD - most recent fiscal year | -7.25 |
| EBITD - trailing 12 month | — |
| Earnings before taxes - most recent fiscal year | -6.85 |
| Earnings before taxes - trailing 12 month | -6.85 |
| Net Income available to common - most recent fiscal year | -6.85 |
| Net Income available to common - trailing 12 months | -6.85 |
| Earnings before taxes Normalized - most recent fiscal year | -4.51 |
| Net Income Available to Common, Normalized - most recent fiscal year | — |
| Earnings per Share, Normalized, Excluding Extraordinary Items, Avg. Diluted Shares Outstanding, TTM | -0.02 |
Profitability margins for the most recent fiscal year, sourced from Morningstar.
| Net Profit Margin % - 1st historical fiscal year | — |
| Net Profit Margin % - trailing 12 month | — |
| Operating margin - 1st historical fiscal year | — |
| Operating margin - trailing 12 month | — |
| Pretax margin - trailing 12 month | — |
| Pretax margin - 1st historical fiscal year | — |
| Operating Margin - 5 year average | — |
| Pretax Margin - 5 year average | — |
| Free Operating Cash Flow/Revenue, 5 Year Average | — |
| Free Operating Cash Flow/Revenue, TTM | — |
| Net Profit Margin - 5 year average | — |
Returns on average assets and equity for the fiscal year, the trailing 12 months and as 5 year averages, and net income and revenue per employee in whole currency, sourced from Morningstar.
| Return on average assets - most recent fiscal year | -4.03% |
| Return on average assets - trailing 12 month | — |
| Return on average equity - most recent fiscal year | -4.08% |
| Return on average equity - trailing 12 month | — |
| Return on average assets - 5 year average | — |
| Return on average equity - 5 year average | — |
| Net Income/employee - most recent fiscal year | — |
| Revenue/employee - most recent fiscal year | — |
Growth in revenue, earnings, dividends and book value over recent periods, sourced from Morningstar.
| Revenue growth rate, 5 year | — |
| EPS growth rate, 5 year | — |
| Growth rate% - dividend, 3 year | — |
| Revenue/share (5 yr growth) | — |
| Growth rate% - Revenue, 3 year | — |
| Growth rate% - EPS, 3 year | — |
| Book value per share growth rate, 5 year | 44.98% |
| Capital Spending growth rate, 5 year | 18.09% |
| Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR | — |
Displays analyst’s forecasts for key measures. The estimates can be expanded to see the spread of the calls. Full lines = reported, and dotted lines are forward estimates. Click a measure to add or remove it from the chart, sourced from Morningstar.
Financial forecast (AUD, millions except per share)
No consensus estimates are available for this company.
Financial metrics can be plotted on the graph to see trends. Multiple metrics from multiple statements can be plotted against each other, sourced from Morningstar.
Financials (AUD, millions)
| Period end: | JUN 22 | JUN 23 | JUN 24 | JUN 25 | JUN 26 |
| Fiscal year: | 2022 | 2023 | 2024 | 2025 | 2026 |
| Period length: | 12 months | 12 months | 12 months | 12 months | 12 months |
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
Announcements
| DATE | TIME | HEADING | PAGES |
| Price sensitive |
Opinion
Global Lithium Resources (GL1) $1.56
The lithium junior is currently doing exploration works at their two assets in WA with strong results coming through from the drilling campaigns. The $400m market cap company has shown signs the sites could turn out to be tier 1 assets in a great jurisdiction for resources companies in general.
Global Lithium (GL1) $1.72
GL1 +6.85%: while there was some recovery across lithium stocks today, Global Lithium saw a stronger-than-sector move higher thanks to a resource upgrade at their Manna deposit near Kalgoorlie in WA.
Global Lithium (GL1) $1.60
GL1 is at the more speculative end of the market, is not in production and is therefore not producing earnings, although their current exploration program at their Western Australia assets is an exciting one. This is a higher-risk play on the Lithium sector and one that will come with significant volatility.
Global Lithium Resources (GL1) $1.58
GL1 is a $400m lithium exploration company that is not in production and is therefore not producing earnings, however, they are undertaking a large-scale exploration program at their Western Australia assets with good prospects in a solid area around Kalgoorlie. Recent drilling updates have been encouraging and they are progressing through various stages of permitting and feasibility in their two operations.
Lithium/ESG Exposure
Flagship Growth Portfolio: IGO Ltd (IGO) & Mineral Resources (MIN) ~7% portfolio weighting although MIN has a major % of its earnings from iron ore. Emerging Companies Portfolio: Global Lithium (GL1) ~4% portfolio weighting. International Portfolio: No holdings however we are doing some work on an interesting Solar company to be discussed next week.
Global Lithium (GL1) $1.615
While Global Lithium was one of the better performers in the portfolio in the past week, Lithium stocks in general have been under pressure since the start of February. The reason for the slide in the space comes on the back of demand weakness which has weighed on the spot price which is down ~30% this year. Battery manufacturers and other downstream users have been destocking inventory on perceived weakness in demand from China, though this is likely to be temporary with stimulus measures targeted at growing the proportion of EV’s being sold
Lithium
Lithium stocks tumbled today, making up 8 of the worst 10 performers in the ASX200 for the session. The move came after rumours a Chinese battery manufacturer was set to significantly cut output expectations resulting in softening demand for the battery mineral by as early as the middle of next year. The news caused one Chinese lithium futures...
Emerging Companies Portfolio
The portfolio was up +1.80% in the week, strongly outperforming the S&P/ASX Small Ords index which fell. Cash in the portfolio is sitting at around 9%. Strength in Paladin (PDN) +20% and Lovisa Holdings (LOV) +18% drove the performance, more than offsetting weakness in Aussie Broadband (ABB) -15% and EML payments (EML) -9%. The portfolio was also supported by dividends from Bapcor (BAP) and Pinnacle Investment (PNI).
Action
Updated
22/05/2024
09:48
GL1
Updated 22/05/2024 09:48
MM are selling GL1 in the Emerging Companies Portfolio, taking a loss around 39c
Updated
08/09/2023
09:42
GL1
Updated 08/09/2023 09:42
MM is long and bullish GL1 in the Emerging Companies Portfolio
Updated
26/07/2023
17:18
GL1
Updated 26/07/2023 17:18
MM is long and bullish GL1
Updated
23/05/2023
09:28
GL1
Updated 23/05/2023 09:28
MM is long GL1 in our Emerging Companies Portfolio
Updated
09/05/2023
09:54
GL1
Updated 09/05/2023 09:54
MM is long GL1 in our Emerging Companies Portfolio
Updated
08/03/2023
10:16
GL1
Updated 08/03/2023 10:16
MM is bullish GL1, looking to add to the 4% weighting in the Emerging Companies Portfolio
Updated
15/11/2022
17:22
GL1
Updated 15/11/2022 17:22
MM are cautious on the crowded ESG trade short-term
Updated
10/11/2022
11:50
GL1
Updated 10/11/2022 11:50
MM are buying GL1 in the Emerging Companies Portfolio, allocating 4% around $2.52
Updated
27/07/2022
09:47
GL1
Updated 27/07/2022 09:47
MM is keen on GL1 for our Emerging Companies Portfolio
Business Summary
Global Lithium Resources Ltd is an emerging lithium exploration company with a focus on the Marble Bar Lithium Project in the Pilbara region of Western Australia and an interest in the exploration rights and future mining rights to lithiumand lithium-associated mineral rights in the Manna Lithium Project.
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