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LMI Lonmin Plc

75.60
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Lonmin Plc LSE:LMI London Ordinary Share GB00BYSRJ698 ORD USD0.0001
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 75.60 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
73.70 74.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 75.60 GBX

Lonmin (LMI) Latest News

Real-Time news about Lonmin Plc (London Stock Exchange): 0 recent articles

Lonmin (LMI) Discussions and Chat

Lonmin Forums and Chat

Date Time Title Posts
11/2/202211:49OVERVALUED LONMIN(NET ASSETS ONLY Ј2.8015,403
27/4/201810:44To Ј1 and beyond152
07/2/201814:04Francis Hunt, 'The Market Sniper' says to SELL in Lonmin1
16/8/201723:11LMI-- can go bust5
18/12/201510:37LONMIN - 2006104

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Lonmin (LMI) Top Chat Posts

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Posted at 03/6/2019 15:11 by saltaire111
I hold LMI shares with ii. Current value is (gulp) down to just £900. Imagine how much these shares were worth when the share price was £40 a share back in 2007!!!

I received a message from ii saying that they’re not holding shares, due to the listing being in South Africa, and therefore I assume I will be receiving a share cert from them. Can anyone who knows more about this arrangement confirm if my understanding is correct?

Thanks.

Salty.
Posted at 24/5/2019 16:05 by bouleversee
As my £3587 investment (many years ago) is now only worth £100.89 at today's price, it doesn't seem worth the hassle. What are the new Sibanye shares likely to be worth and what are their prospects? Not to have them listed on the LSE seems like a deliberate plan to enable S Africans to pick up shares cheaply at our expense. Lonmin have sold us down the river.
Posted at 16/5/2019 23:31 by bouleversee
I had an email from IWeb this evening drawing my attention to a corporate action notice which announced the 1 for 1 share offer subject to approval on 28 May at a Court Meeting and court sanctioning on l3 June. However, it also said that an application would be made to cancel the listing on the LSE main market on or after June 10 and last dealing day wd. be June 7. The bombshell was that the new Sibanye shares would deal only on the JSE and that IWeb would not be able to facilitate trading in the Sib. shares so I would have to find another broker which would not be easy. They omitted to say that I could, of course, sell in the meantime, which I expect is what a lot of people are doing.

It looks as though this notification was placed on the corporate actions page of my account on l4 May but I was not made aware of it till this evening, by which time the share price has come down quite a bit. My son heard from Selftrade on the l4th.

I suppose we have no alternative but to sell our Lonmin shares before the takeover is effected. What a lousy investment this ha s been. I have lost virtually all of my investment,quite a lot of money between me and my 2 children. I'll think twice about rights issues in future. How have other brokers handled the takeover and what are you planning to do?
Posted at 10/4/2019 11:03 by foxy22
Maybe something to do with sibanye1.7 billion fundraising...its share price plunged 12% today on jse
Posted at 08/4/2019 16:59 by foxy22
By the esy fo u think argawal is helping anglo share price with his complicated debentures
Posted at 20/2/2019 09:10 by redbaron10
Not great volume i know,but we're through 70p.Palladium near $1500oz and platinum up from $800oz.The rand is around the 14/usd level,and the company is passed the notoriously and traditionally poor first quarter production period we might get a tail wind here.Sibanye/Stillwater,despite the strikes,the share price can rise with the gold price and depreciating rand.Strikes,power outages and elections to come....it's never a clear,settled picture in S.Africa,but as anyone investing in Africa knows these are the risk/reward factors always in play.Look at Acacia mining to see where patience can pay off.
Posted at 22/11/2018 12:06 by spacedust
So the lmi price is redundant. Sbl price is eveything
Posted at 22/11/2018 11:55 by smithim1311
Guys. With the best will in the world there isn’t a cash offer. For every 1 Lonmin share you get 0.967 shares in SGL. The current share price of SGL is ca 9 Rand (down 5% today). Exchange rate is ca 18 Rand:£ so even if you call it 1 SGL share few each Lonmin share that’s 50p. The SGL share price when the offer was made was more than double what it is now at 18.67Rand. No idea where these 80p takeover ideas are coming from!
Posted at 15/10/2018 16:11 by scoble2
Why I’d buy Lonmin plc after Sibanye Gold Ltd’s takeover offer
Rupert Hargreaves | Thursday, 14th December, 2017 | More on: LMI SBGL

It looks as if struggling platinum miner Lonmin (LSE: LMI) has reached the end of its life as an independent company. After years of struggling with low platinum prices, workforce unarrest and high costs at its deep mines, this morning it was announced that the managements of Sibanye Gold Limited and Lonmin have reached agreement on the terms of a recommended all-share merger.
Sibanye Gold, which is trading under the name Sibanye-Stillwater, is offering 0.967 new Sibanye-Stillwater shares for each Lonmin share. Based on the 30 trading day volume weighted average price of Sibanye shares, the offer values each Lonmin share at 100p for a total value of £285m (according to this morning’s press release).
Commenting on the proposed merger, Ben Magara, Lonmin’s CEO said: “The combination with Sibanye-Stillwater provides a stronger platform for Lonmin Shareholders and other stakeholders to benefit from the long-term upside potential of an enlarged Sibanye-Stillwater group with greater geographical and commodity diversification.R20;
Time to buy?
Even though shares in Lonmin have jumped by around 20% this morning after the announcement, I believe that there could be an interesting opportunity for investors.
It has been hamstrung in recent years by a weak balance sheet and lack of scale. Indeed, the company has raised about $1.7bn from shareholders in the past eight years, and profits have collapsed as management has struggled to restructure the business. Meanwhile, Sibanye has been busy buying up platinum mines.
In 2015, Sibanye agreed to buy Aquarius Platinum Ltd then it gobbled up some high-cost platinum mines from Anglo American Platinum Ltd. A year later, the acquisition of Stillwater, the only palladium and platinum producer in the US was announced. These deals have left it with high levels of debt, but they’ve allowed the group to achieve scale in the platinum business, something the acquired entities never had.
This is why I’m positive on the deal. Not only are the shares still trading at a discount to the offer price, but investors who buy-in will end up owning a stake in what will become the world’s most dominant platinum miner.
Posted at 08/11/2017 14:04 by master splinter aka rat
the rat can see this slipping into the close, today's rise on the platinum market having no effect, we all know the first time platinum falls $1 this equates to 3p off the lmi share price.
Resistance looks futile on the way down to 30p by end of year!

Please do not blame the BOD, they deserve their salaries whilst you all suffer. it's just not looking economically viable with platinum heading lower and base core expenditure probably going up with inflation !!!

aimho
Lonmin share price data is direct from the London Stock Exchange

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