Loading companies…

Bannerman Energy Ltd ASX:BMN

1 opened or increased0 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 1 managers in total.

Position history by manager 1 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

2026

31 Dec 2025 to today

Commentary Showing 2 of 3

DateManagerActionSummary

30 Jun 2026Paradice Investment ManagementIncreasedParadice increased its position in Bannerman Energy because, using weakness from the broader uranium sector pullback to add modestly to the holding, the manager's conviction in nuclear energy supply and demand fundamentals remains unchanged despite the stock falling 14.0% with no negative company-specific news. Paradice notes the Etango project in Namibia continues to advance, underpinned by the CNNC strategic partnership and offtake agreement secured last quarter, which the fund regards as among the strongest arrangements in the sector, with Bannerman remaining a rare ASX-listed uranium developer with a near-term pathway to production.

Quarterly Report, price recorded $3.14

The source document link is a Pro feature

31 Mar 2026Paradice Investment ManagementHeldParadice Investment Management continues to hold Bannerman Energy Ltd because the company secured China National Nuclear Corporation as a 42.75% effective partner in the Etango uranium project in Namibia, substantially de-risking the funding path to a final investment decision. Paradice Investment Management regards the CNNC offtake agreement — featuring market-based pricing with no ceiling on the uranium price received and accelerated payment terms — among the strongest in the sector, and views BMN as a rare ASX-listed uranium developer with a near-term, fully financed pathway to production.

Monthly Report, price recorded $3.65

The source document link is a Pro feature

1 more comments on BMNPro shows every comment, with a link to each source document.

Upgrade to Pro

First mention by manager

Price recorded at each manager's first comment

Price at first mentionThe share price recorded when each of 1 managers first commented on BMN.

View Pro

About Bannerman Energy Ltd

Materials, Oil, Gas and Consumable Fuels

Bannerman Energy (ASX:BMN), a uranium developer in Namibia, is an overweight holding for Paradice Investment Management. In June 2026, Paradice reported Bannerman fell 14% in sympathy with a uranium sector pullback, with no negative company-specific news, as its Etango project continues to progress. In March, Paradice said Bannerman outperformed on a confluence of project de-risking milestones, after detracting in December as uranium equities corrected. Bannerman Energy operates in the Energy sector within the Oil, Gas and Consumable Fuels industry, and Thesis Tracker has captured 3 comments from 1 fund manager, Paradice Investment Management. Founded in 2005 and headquartered in Perth, Bannerman is developing the Etango-8 uranium project in Namibia's Erongo region, one of the world's largest undeveloped uranium deposits, and is progressing financing, offtake and early construction work toward production as demand for nuclear fuel grows.

Market cap: $703m
Price to earnings: Loss-making
Return on equity: -1.0%
Dividend yield: 0.0%
Price to book: 3.42x
Net margin: -17015.4%
52-week range: $2.77 to $5.25

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Bannerman Energy Ltd (ASX:BMN)?

Fund managers including Paradice Investment Management have invested in Bannerman Energy Ltd (ASX:BMN).

What opportunities or catalysts do fund managers highlight for Bannerman Energy Ltd?

Paradice highlights project de-risking milestones at Etango and long-term uranium demand growth from nuclear power.

What are the key risks to the Bannerman Energy Ltd investment thesis, according to fund managers?

Paradice notes Bannerman's shares fall with broader uranium sector pullbacks, even without company news, and the project still requires full funding and construction.

What does Bannerman Energy Ltd (ASX:BMN) do?

Bannerman Energy Ltd. is a Perth-based uranium development company founded on February 18, 2005. The company specializes in the exploration and operation of uranium mining projects. Its primary asset is the Etango Uranium Project. Bannerman Energy focuses on advancing this key project within the global uranium sector, providing investors with distinct exposure to the nuclear fuel cycle.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

Disclaimer Terms of Use Privacy Complaints Contact

Loading…