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
  +2.25p +2.15% 107.00p 107.25p 107.75p 108.75p 102.25p 103.00p 1,822,097 16:35:06
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 861.4 -308.2 -105.6 - 302.21

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Date Time Title Posts
24/4/201723:35OVERVALUED LONMIN(NET ASSETS ONLY Ј2.8013,333.00
04/3/201610:26To Ј1 and beyond36.00
07/1/201613:12LMI-- can go bust4.00
18/12/201510:37LONMIN - 2006104.00
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
2017-04-24 15:50:02105.943,9004,131.64NT
2017-04-24 15:49:23104.498285.68NT
2017-04-24 15:49:23104.504344.94NT
2017-04-24 15:35:06107.00203,016217,227.12UT
2017-04-24 15:30:53107.25267286.36NT
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Lonmin (LMI) Top Chat Posts

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 104.75p.
Lonmin has a 4 week average price of 82.50p and a 12 week average price of 80.50p.
The 1 year high share price is 252.50p while the 1 year low share price is currently 80.50p.
There are currently 282,435,237 shares in issue and the average daily traded volume is 1,813,982 shares. The market capitalisation of Lonmin is £302,205,703.59.
mj19: A reinvented minerIn the past year, Lonmin's (LSE: LMI) share price has risen 115%. That's 92% higher than the FTSE 100's performance and key to this has been the company's successful strategy. First of all, Lonmin put together the cash resources required to not only survive lower commodity prices, but also to build a better business. Although its fundraising wasn't taken up in full by investors, it nevertheless allowed the company to invest in order to generate efficiencies, become more streamlined and more profitable.In fact, in the current year Lonmin is forecast to reduce its loss per share from over 27p to less than 5p. Next year, it's expected to record a profit on a per share basis, which has the potential to boost investor sentiment in the stock as the market begins to price-in improved performance. And with an improved business model, a rising bottom line looks relatively likely over the medium term.Certainly, Lonmin remains highly dependent on commodity prices, and they will have a major impact on its future financial performance. However, with net assets of £1.15bn and a market capitalisation of only £373m, the company offers a large margin of safety, which indicates now could be a good time to buy it.
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.
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!
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.
redbaron10: Reaction to S.African events.Lmi share price held up well.All who got in at 82p hold tight.
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.
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'.
chrisbr777: @LTCM "Chris well don on your double up but you can't ever KNOW if a share is going to go up or not. All you can do is compare the upside and downside risk and act accordingly, you can't ever KNOW." --- maybe I can share with you the facts behind Arcelor Mittal South Africa. They went to market in Nov with a rights issue. The share price was R10.31 (30 day average before announcement) - They had circa 446m shares in circulation and are going to issue another 692m shares (each share = 1.65 new rights). Fully underwritten by the PARENT COMPANY ARCELOR MIITAL GROUP. The rights allow purchase of new shares at R6.50. Over the next few days and weeks in December the share price plunges to R4.70 (below the R6.50 new shares price). Who will pay R6.50 when you can pick up the same share for R4.70? The CEO for AMSA resigns (we don't know the reason but we can suspect it may be related to the above - as now the PARENT CO has to foot the entire bill of R4.5 Billion to be raised). Share price plunges on news of CEO's resignation to R3.25. AT this point, looking at the company, the RI Cash will pay off the LT debt in full, and we have very good assurances that the Government will be imposing duties on foreign steel imports into SA of at least 10%. The next day the share price drops further to the R3.00 level. ANYONE WHO BOUGHT HERE IS SITTING PRETTY. WHY? Because at this point the company has a valuation of R1.2BN on a book value of R24Bn (20x higher), with an additional R4.5Bn cash being injected by a third party which will settle debts in full, and have a further 1.3bn cash for capex which will help the company return to profitability. Any shareholders buying below R6.50 are being subsidised by PARENTCO. So you can know when investing (in this instance) that this arbitrage will close. Look at the share graph from the end of December to today (ACL). Understanding the above, KNOWING, and going big, gives you great returns. Today the closing price is R6.02. There is some arbitrage remaining, but not as good as if you got in a few days ago. After RI cash, the ratio of market cap to book value will be less than 30%.
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.
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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