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KMR Kenmare Resources Plc

331.50
-1.50 (-0.45%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Kenmare Resources Plc LSE:KMR London Ordinary Share IE00BDC5DG00 ORD EUR0.001 (CDI)
  Price Change % Change Share Price Shares Traded Last Trade
  -1.50 -0.45% 331.50 228,456 16:29:42
Bid Price Offer Price High Price Low Price Open Price
328.50 332.00 335.50 328.50 334.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
18:16:08 O 5,537 331.475 GBX

Kenmare Resources (KMR) Latest News

Kenmare Resources News

Date Time Source Headline
15/4/202411:18UKREGHolding(s) in Company
11/4/202414:30UKREGHolding(s) in Company
11/4/202410:25ALNCNewsKenmare Resources hoping production picks up after first quarter dip
11/4/202407:00UKREGNotice of Annual General Meeting
11/4/202407:00UKREGQ1 2024 Production Report
05/4/202412:00UKREGHolding(s) in Company
04/4/202416:18UKREGHolding(s) in Company
04/4/202407:00UKREGPublication of 2023 Sustainability Report
04/4/202407:00UKREGPublication of 2023 Annual Report
02/4/202412:00UKREGDirector/PDMR Shareholding

Kenmare Resources (KMR) Discussions and Chat

Kenmare Resources (KMR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
17:16:09331.485,53718,353.77O
16:13:13331.501,4254,723.85O
16:11:35332.998962,983.57O
16:05:51332.99225749.22O
16:03:47331.4983275.14O

Kenmare Resources (KMR) Top Chat Posts

Top Posts
Posted at 04/4/2024 14:01 by clive7878
I am concerned that KMR could be following SLP -
which was on a low pe of 3 and now has a volatile share price.
The final dividend yield - ex div 11/4 - is a very good percentage,
but the share price cud fall as a result on 11/4, so much of that cud be wiped out.
I've experienced before. One needs more reason to invest than the dividend.
Posted at 04/4/2024 10:25 by clive7878
robmcef2 - could well be. ex-divi this Thursday, 11th.
I'm thinking the same. But a little wobble today on the share price
Another divi stock is AA4 and the 5% per quarter
is guaranteed for the next 2 years.
It is forecast with KMR that earnings may decline over the next 3 years,
how solid is the Company with lesser growth prospects ?
Can they maintain the dividend percentage ?
Posted at 02/4/2024 16:23 by clive7878
SLP was on a pe of 3 but fell in share price. Depends how much they are spending on capex.
This was a poor recommendation in the I.C. sometime ago when the price was a fair bit higher.
Posted at 02/4/2024 16:18 by clive7878
SLP was on a pe of 3 but fell in share price. Depends how much they are spending on capex.
Posted at 30/3/2024 10:19 by robmcelf2
I can only think the $340m of capex across the next 2 years is a major dampener. Was interesting that when Carvill was asked about KMR being up for sale he said no one had approached them and why would they until they had the WCP A concentrator move to Nataka out of the way? KMR is hugely undervalued and I'm hoping a new CEO may help spark more investor interest in this co.
Posted at 27/2/2024 09:02 by stemis
Spending $23.6m buying back shares at 422p isn't looking so clever now with the share price at under 300p, falling prices and a capex bill of $300m+ ahead of them.

I owned these shares many years ago when they got themselves into all sorts of financial difficulties. Have they learned the lessons?
Posted at 13/1/2024 07:54 by robmcelf2
Seems that since KMR announced capex plans the share price has reacted negatively. I guess we will get a production update for q4 next week. Let's hope it's a decent one. Still confident in this company's future.
Posted at 19/12/2023 10:32 by benjonesinvestments
Hi apeman,

The $250m figure was the guidance from Kenmare in their capital markets day presentation earlier in the year. However, this $250m was for upgrades to WCP A and B and didn't include any sustaining capex. They were never clear about sustaining capex but you can look through previous years of capex to get an idea. It's normally best to add this on top given how common it is for mining companies to have capex overspends. Of course they may have expected sustaining capex to come in lower given the additional work they're doing on WCPs A and B. I checked my own model and had $392m total capex for next 2 years to account for sustaining capex and inflation adjustments. So overall I'm still ok with the increase in capex guidance.

Well the worst and best case depend pretty much entirely on ilmenite prices to be honest. YTD ilmenite prices have been $347/t, a continuation of that price for the long-run would put Kenmare at around £11/share (unadjusted for dividends) in my view. Of course those ilmenite prices may be a little rosy in the near -term. Long-term ilmenite prices of $280/t with corresponding drop in zircon prices put Kenmare around £6/share in my view. Either way, the company looks undervalued to me. The way I'd be wrong is if ilmenite prices really tank down towards $200/t. If that happens then of course Kenmare is going to struggle.

Dividend is just a function of the cashflow and I'm really not too fussed about near term dividend changes as long as long-term cash generation looks good (which again depends heavily on ilmenite prices). At current ilmenite prices, dividend looks very sustainable at present levels. At lower ilmenite prices ($280/t say), then I would expect dividends more in the $30m range rather than $50m.

I know they're looking at ways of restructuring the company to minimise witholding tax - any success there would also be helpful!
Posted at 18/11/2023 14:41 by robmcelf2
I think KMR share price has 2 big share price drivers in 2024 1. The trailing PE is 2.2 - that's unbelievably low - must be one of the lowest in the FTSE? Not sure why it's so low but with decent production lying ahead of us, no obvious spikes in opex and market pricing unlikely to collapse, re-rating must be possible 2. Divi yield of 12% at this price is mouth watering. Does anyone see other drivers?
Posted at 02/9/2023 09:54 by robmcelf2
Hopefully the KMR share price should move forward a bit on 11 September after the tender offer price of 422 expires..
Kenmare Resources share price data is direct from the London Stock Exchange

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