Share Name Share Symbol Market Type Share ISIN Share Description
Kenmare Resources LSE:KMR London Ordinary Share IE00BDC5DG00 ORD EUR0.001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.00p +0.43% 231.00p 233.00p 239.00p 240.00p 235.00p 235.00p 105,330 16:35:18
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 154.2 13.7 13.3 16.9 253.18

Kenmare Share Discussion Threads

Showing 24426 to 24448 of 24450 messages
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DateSubjectAuthorDiscuss
17/10/2018
12:38
Boom - the end game right there ! When when when.....
donkey40
17/10/2018
08:35
So the CMD then is just a lot of noise about securing a 20% Increase in production capacity of their lowest revenue generating product for next 20-odd years at a cost of ~$150m. Translates to a 12-14% incremental revenue increase. Whilst they have future proofed the company etc, it also highlights the ‘inefficient’ extent of original Capex. You got to think the Chinese will buy it eventually to secure high grade feedstock for their chloride smelters. I just dont see this mgmt team taking on vertical integration expansion.
donkey40
16/10/2018
21:21
Ideal scenario here would be to locate top-end MSP and upgrading plant in geo-politically stable jurisdiction and then ship HMC from the mine site. Assuming sufficient capacity, you could also then consume HMC from other mines. Ref Image/Strandline looking to just mine HMC and hand it over, balancing capital, risk and revenue. I'd envisage multiple modular lines to pre-empt the possibility of force-majeure on the entire operation as a result of some major line failure. Iluka put the cost of putting an SR kiln in play at about AUD 250m, and then there are periodic maintenance/relining activities. You would need to be acute on your economics. A lot to be said for optimising the mine and letting others assume the capital and competitive risk for the upgrade process. Slaggers don't seem to be making a lot of money and RTFeT and ILU have had kilns off line for years.
murraybasin
16/10/2018
19:46
The plan coming loud and clear from today is to maximise plant utilisation from the core $1.25 billion Capex investment. That takes them to 1.2m tpa ilmenite and co-products. Then once positioned, start returning capital to shareholders. I doubt however the mgmt team will want to do, and only this, for the next 100 years life of Moma. But it is what they needed to do for 3-5 post the MD and problems of the past. What do they do thereafter - mine more ilmenite (horizontal integration) or move up the value chain (vertically)? I would think the later has more appeal personally. Equally I accept the argument they are a single asset company and vertical integration doesn’t particularly change that risk. This stock should be 5 quid at least. Sometime it will be; the question is what will be the catalyst.
donkey40
16/10/2018
18:21
Isn’t the plan to be a key supplier to the plants in China that upgrade the product. Isn’t it what they do now? Shouldn’t they focus on core production and simply sell it to a processor (at a premium price)?
idiodyssey
16/10/2018
16:29
The verbal description of the Sales /Marketing slides is good, worth listening to. Bits of Operations also good; much though is well known. Seems to me the next step is to start upgrading their own ilmenite product to ilmenite slag and synthetic rutile for use in chloride process. Where do they do that - I don’t see them investing the capital for this into a China based facility.
donkey40
16/10/2018
13:27
Horses for courses - they have a room full of people to entertain and make feel it was worth their time to attend. Whilst nothing much new, the real points will be what is said in discussion which hopefully we can pick up when listening. All feedstock producers have been doing same as KMR - optimising and driving unit costs down down deeper and down.
donkey40
16/10/2018
12:58
I have also yet to listen to the recording. I thought the presentation was way too long - and boring. Nothing in there to grab attention. Guidance generally on the lower side of previous ranges. But, decent fall in cash costs of production. Decent cash generation. Good to see them confirming dividend outlook.
albo
16/10/2018
12:20
Have yet to listen the recording - thoughts are: Presentation - generally good, clear informative but yet the message isn’t a difficult one to grasp. Thought the Market Update slides were weak. No real detail on feedstock supply challenges (which could be a big + point of difference for KMR). And if China makes the switch to chloride production, their 2023 pigment capacity number will be smashed (ie will be much higher). All in all, reassures the listeners that mgmt have a strong handle on what they are doing on site.
donkey40
12/10/2018
18:17
Logic at work is refreshing to see.
murraybasin
12/10/2018
16:42
Does the CMD playbook demand some news Monday before the event?
murraybasin
12/10/2018
14:58
Said before - options start vesting in 2019. So no major incentive from directors for share price to motor until then. With Yer-man, M&G and Capital the real owners here, all else is of little consequence. Especially crabid long term shareholders that got screwed before, reinvested and are still waiting for the party to start. Our saving grace is only 109m shares in issue - if they choose to, future Capex easily sourced as equity. We have one major hurrah ahead of us in next couple years here I reckon. But I said that couple years back I reckon ....
donkey40
12/10/2018
14:03
Visible directors buys are usually good for sentiment provided they are material. We haven't seen our latest NED joining the fold in that regard.
murraybasin
12/10/2018
12:40
All valid points. Would the opinion change if salary was 100% cash followed by Dir. buy? Some need to see the wood for the trees...
caposoka
12/10/2018
10:31
That fools opinion doesn't change the fact that the man had overwhelming support at the last AGM. Not sure if anyone noted yet but under KRSP he is also required to have 250% of salary (value) in company equity by ~ 2021.
murraybasin
12/10/2018
08:18
Or maybe KMR could burn and roast the product up there, shipping it out via their own jetty. All the need is secure power to the facility - and Tlou Energy will soon solve that for them as ‘the most advanced CBM natural gas company in the region’ There you go - solved !! Tidd, Buzz, Windy, Sats and all the lads will then love me.
donkey40
12/10/2018
01:07
Wah that Peace chappie sure has a dislike for KMR management. I thought the boss was drawing a $1.3m salary, not $1m. Still I agree with him - management are well overpaid for what they have been delivering. But then, kick them out and who want to work in north east Moz for weeks and months on end... imagine if this mine was blended in with pigment producer, and the synergies they could draw out of the vertical supply chain. Matter of time I reckon ...
donkey40
11/10/2018
17:38
Interesting day’s trading - big down market, yet closed pretty flat. Suggests free float just being sucked up by someone.
donkey40
11/10/2018
16:50
Not really my field so can only speculate. Looks like the lenders are gradually reducing over time, keeping under the radar. Being shareholders, think it is fair to assume they act individually to suit individual needs. Couldn’t imagine them acting collectively on this. Indeed, at time of OO, lenders underwrote to varying degrees. Discussion over yonder is that lenders need to sell out to release upward share price momentum. Think this is back to front. share price needs to rise to trigger their exit point, (unless other factors prevail). The fact they are still on the books is more of a consequence than a cause. We are back at OO levels and KMR a lot further forward since then. Plus, I like MB’s cup and handle idea, so I’ve happily added some more recently. Hoping Q3/CMD may encourage the ‘breakout̵7; with a retrace around 275-280 and then maybe onward. Again, speculative nonsense on my part and not to be taken at all seriously but if the rise occurs I’ll be grateful for the heads-up and if it doesn’t I will realise my folly!
caposoka
11/10/2018
15:23
Thanks Cap - interesting. I wonder how positions have moved in the interim. Pretty sure some Lender shares have moved since Majedie is the only regulated entity disclosing a change in % thresholds. And the volume of their selling is much less than sales volumes we saw traded through the market. Am wondering if the Lenders shares are being sold proportionately or whether some of them have broken ranks and just want capital back.
donkey40
11/10/2018
10:58
Ignoring those below 3% - after Aug 2016 OO: EIB 9,251,884 (8.84%) EAIF 3,656,366 (3.34%) As of 28 March 2018 (https://www.kenmareresources.com/investors/shareholder-information/major-shareholders) EIB 7,839,031 (7.15%) EAIF below 3%
caposoka
11/10/2018
08:37
14,131,631 total. hxxps://ir.euroinvestor.com/Solutions/Kenmare2018tf/3908/newsArticle.aspx?storyid=13419936 Don't recall seeing a breakdown.
murraybasin
10/10/2018
23:27
Anyone know how many shares held by each of the Lenders at any point in time since the refinancing? Or how many shares in total the Lenders picked up post refinancing ?
donkey40
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