Share Name Share Symbol Market Type Share ISIN Share Description
Lonmin LSE:LMI London Ordinary Share GB00BYSRJ698 ORD USD0.0001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.25p -1.47% 84.00p 83.50p 83.75p 86.00p 83.00p 86.00p 1,110,206 16:29:55
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 861.4 -308.2 -105.6 - 237.25

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Date Time Title Posts
17/10/201708:30OVERVALUED LONMIN(NET ASSETS ONLY Ј2.8014,487
04/10/201717:43To Ј1 and beyond39
16/8/201723:11LMI-- can go bust5
18/12/201510:37LONMIN - 2006104
14/7/201414:14Francis Hunt, 'The Market Sniper' says to SELL in Lonmin-

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Lonmin (LMI) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:01:4184.386,7805,721.14NT
15:48:2184.9510,4538,879.58NT
15:48:2184.958,6177,319.98NT
15:35:2084.0062,40652,421.04UT
15:30:0083.503,4132,849.86AT
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Lonmin (LMI) Top Chat Posts

DateSubject
17/10/2017
09:20
Lonmin Daily Update: Lonmin is listed in the Mining sector of the London Stock Exchange with ticker LMI. The last closing price for Lonmin was 85.25p.
Lonmin has a 4 week average price of 65.75p and a 12 week average price of 65.75p.
The 1 year high share price is 230.25p while the 1 year low share price is currently 61.50p.
There are currently 282,435,237 shares in issue and the average daily traded volume is 1,224,148 shares. The market capitalisation of Lonmin is £237,245,599.08.
08/10/2017
12:04
elvisrocks: RedBaron, I think I’m still negative on this. What has happened is Lonmin have said they unit costs (and therefore production) are in-line and sales a bit more. Cash up a bit, but that was expected, but to ask for a covenant waiver must have meant they thought they would going to breach it, or the auditors would insist on an impairment of X which creates a run of its own. As the quid-pro-quo of a 6 month waiver, they have had to agree to give up $21m of facilities and not draw $200m worth. Meanwhile history shows that the Pt Price hits a low towards the end of the year due to the tax loss selling season, so I’m expecting a Pt price in the 800s and an XR in the 13s, in other words close to where we were at rights issue time. It was only at the start of 2016 when the XR hit 16.5 due to some crazy dude being appointed Finance Minister for six weeks, Pt price hitting $1200 and the Brexit flight to safety and Trump factor did the share price hit £2.50. We are now back to where we were at rights issue time, no worse or better off in cash terms, but with the bankers to convince on the new business plan by March 2018 and a low Pt and probably stable XR. I think the share price may go up a bit, maybe hit a £1 but drift back down again. That’s my thoughts anyway.
31/8/2017
15:54
onedb1: Lonmin lagging the good move in platinum and palladium ( worth about 25% it's total revenues ) Rand is flat on USd so far . So by default LMI share price is diverging from its precious metals . This quarter has seen a much higher price for its metals, yet not reflected in shareprice. Opportunity me thinks
08/5/2016
15:12
elvisrocks: Per the 2015 annual report, two things and three 'why do I say this'? ----- "The majority of the Company’s sales of PGMs are made under multi-year contracts at prices related to certain average market reference prices for the month in which the sale occurs, such that the Company is a price-taker rather than a price-maker. The remainder of the Company’s sales of PGMs are made in the spot market at prevailing market prices. So why do I say this?" ----- In 2015, Lonmin made a full year EBITDA of $21m but still had $134m of non-special items and reported a Underlying LPS before Special Items of 16.2 cents (not pence) Loss. EBITDA will now be higher but the $134m of non-special items have not gone away. Even allowing for the big impairment write off on the fixed assets last year, a lot of this charge will still be there. It is depreciation in the main. So why do I say this? ------ The analysts have already improved their EPS estimates, to just under loss making levels I believe. Careful should dream on if he thinks he needs a 5p EPS, pence not cents, to support a RandGold equivalent PE of 40 (LMI share price of £2). Not going to happen any time soon. So why do I say this? ------ Standard Life must be in this long term, until 2020-25 at least, to get their money back. Big Ben says when Lonmin finally starts making money (think $1,800 Pt Price) only then will it return dosh to long suffering shareholders. We are a long way from that just as we are a long way from thinking we are going to get stellar (improved) results that the market hasn't already anticipated next week.
01/5/2016
21:27
redbaron10: Around 2011,pt price $1800oz,zar/usd 7-1,lonmin share price £10.Today $1080oz,usd/zar 14.4-1,lmi share price 188p. Make ofthat what you will. How can Ocado justify their share price? IAG make over £1bn in profits last financial year yet share price falls 5% in that time.I've given up trying to understand the vagaries of the market.Most is herding instinct,a few contrarians and those with their own investment theories.Like the big banks over here that weren't allowed to fail,Lonmin was saved last November when the kindest thing would be to put it out of its misery.However pgms are valuable and useful and 80% exist in SA.Mineral resources provide the country with hard currency they desperately need now.I'm prepared to take the chance here that gold and platinum prices will return to the economic crisis levels of 2008.What else am i going to do with savings in the bank? Buy premium bonds or get 1% on deposit? No thanks.The trend is your friend with this share.Most investors are quids in here,the shorters made their money pre the last rights issue.Slate wipe clean(ish) and debt levels+banking covenants agreed.Up the platinum!
07/4/2016
13:42
redbaron10: Bit confused lazyhisnibs reading your thread again.It reads like you are a shorter of LMI share price.Maybe i'm wrong and i apologise if so,but sounds like you want the LMI to retrace to 35p again on the back of a strong dollar.I'm in this share to invest,and hope for LMI to succeed.
24/2/2016
18:34
redbaron10: Reaction to S.African events.Lmi share price held up well.All who got in at 82p hold tight.
15/1/2016
18:01
dead cat 42: I doubled my (small) holding earlier @ 50p. I'm calling the bottom now. Fingers crossed. If it goes below 40p I think I'll sell out completely and give up. It just needs any bit of positive news now. Graham, why will Lonmin go bust before its competitors? I thought according to kojak they were now in a stronger position than a number of them? If one of Lonmin's competitors goes bust, the LMI share price could rocket.
15/1/2016
10:07
ltcm1: Thanks LHN and Deans. That Bloomberg article is really interesting in that the cause of the oil price decline is dividing opinion. Personally I see it more as a result of the bubble that caused the price to be so high for so long as opposed to a China hard landing. Shell are still going ahead with the BG merger so they must have confidence the price will recover in the next few years. Short term it could well go lower though. Think I will wait to see what happens at the end of this month re this Shell deal before deciding anything. Elvis I think you are going to have to can those £2.50 and £5 dreams for the forseeable future. Have you ever wondered why Glencore got out??? And look what's happened to the LMI share price since. I'm not joking when I say as of today Lonmin has a negative sale value in my opinion. They would actually have to pay someone to take it off their hands. When are you going to realise all the money invested since 2007 is gone??? You are fixated about balance sheet assets when the company is bleeding cash. This is what they mean by 'VALUE TRAP'.
12/1/2016
21:50
ltcm1: Elvis my post was based on the platinum price and is not a criticism of Lonmin as such. Therefore anything you quote from the prospectus does not apply. My point is if platinum does go sub $800 it could be hard to find a floor and the same applies to the LMI share price. It's not scaremongering it's a realistic look at the downside risk on this share. What use is money in the bank if the plat price has tanked to $750 say??? We have already seen LMI fall way below cash value so it's logical to think it could fall a lot further if the plat price falls more.
12/1/2016
20:35
ltcm1: chrisbr777 - good work on the ZAR plat price relationship. Ofcourse it could be the tail wagging the dog to a large extent given that most of the world's plat is in SA. I don't mean to be overly negative on LMI but it seems to me if oil and plat really tank then there isn't a floor on the LMI share price. Just pointing out the potential downside risk with this share and that the cash in bank will mean nothing if plat goes below $800 to who knows where.
Lonmin share price data is direct from the London Stock Exchange
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