Kenmare Resources Share Discussion Threads

[spectoacc] 10/12/2021 07:59

Tender got away then, and comfortably so - surprised.

[spectoacc] 16/11/2021 08:43

Agree to both - preferably an eg 40p/share special divi, but buyback fine too.

If there was a large shareholder wanting out, being able to tender only 13.5% of shareholding wouldn't help much.

[ukgeorge] 16/11/2021 08:40

So great news that the company is making lots of money, but who would sell at 417p (the ten day average price)?

I'd personally just prefer them to increase the dividend and if they want to do a share buyback just do it in the market.

[johnrxx99] 16/11/2021 07:52

Weird, if you want to sell you do. Of course they may know of major holding wishing to sell but why not just do a deal.

[catsick] 16/11/2021 07:52

I don't think they will get any in the tender, better to do at a higher price and scale back or just buy in the market

[spectoacc] 16/11/2021 07:40

Tender offer great, but at 417p? Why not just sell in the market?

No directors are tendering, and nor shall I.

[andyf987] 09/11/2021 18:00

They are and once the Chinese Property market issue has worked its way through, it’ll be on its way to £5 in sure.

[texaspete2] 09/11/2021 16:24

Agree, will need to watch closely. This move down could be to generate some liquidity, they'll be some stops around 407p. Fundamentals and, prior to todays move, the technicals are very good.

[andyf987] 09/11/2021 12:39

I know. With all that is going on in China I feel it’s too hard to quantify the impact on KMR. With 40% of their business revenues from there is feels just too much risk. I sold everything in the last 24 hours - sorry, I think I may have moved the market🙈

[ukgeorge] 09/11/2021 10:06

This isn't looking pretty :(

[ukgeorge] 14/10/2021 17:12

What a cracking day :)

[ukgeorge] 14/10/2021 13:57

Hannam and Partners

Valuation – SOTP unchanged at 550p
Our outlook on KMR shares remains positive, with our target unchanged at
550p, 26% above the current share price. We believe KMR stock continues to
offer compelling risk-reward dynamics, with free cash flow yields improving
from ~7% in FY21E to ~21% in FY22E, and shares trading on FY21/22E
EV/EBITDAs of 3.6x/3.1x, respectively, versus peers on 6.4x/6.2x. Work on the
Nataka PFS also continues (expected in 2022) with a view to optimally mining
with WCP A from 2025, offering further upside to the project.

[spectoacc] 28/9/2021 14:33

Agreed, possibly countered by how "cheap" KMR is, and the vast US stimulus package for infrastructure.

Evergrande problems seem to have a way to run yet.

[petomi] 27/9/2021 09:45

Per their last annual report (p145) c40% of the sales were to China so the problems with Evergrande etc there and the likely slump in Chinese construction may be a concern

GLA

[spectoacc] 15/9/2021 12:01

Feel very confident about KMR - though won't be a straight line!

[ukgeorge] 15/9/2021 11:49

Perky :)

A bit higher and a breakout will be on

[spectoacc] 20/8/2021 15:32

Trebled holding today, hadn't sold or bought more for an age (and prior to that, mainly sells of cheaply acquired stock).

Just think with the big (& risky) CapEx done, we should see a blow-out earnings year next year, & KMR is going to look screamingly cheap/take-over-able. I'd be surprised if it was still listed say 3 years from now.

Downside - Covid, weather, industrial action, country-specific strife. But all feels in the price IMO.

[yellowstoneadvisory] 20/8/2021 10:57

If you missed the Kenmare Resources (LON:KMR) webinar yesterday you can catch up via the recording below. The company reported record H1 results and the second half has the potential to exceed H1 as the company benefits from higher commodity prices and higher production. This all bodes well for further improvements to free cash flow and the dividend where mgmt have committed to returning at least 25% to shareholders.

[donkey40] 19/8/2021 22:58

Hate to tell you this but long timers here have been saying that for many years. But great to see results being delivered and progress being made.
Top 3 or 4 shareholders dictate what happens here.

[andyf987] 19/8/2021 22:05

There’s been a historical issue with how the company was run and think it’s just taking a while for investors to trust again. I still expect a re-rating to occur in due course.

[pdosullivan] 19/8/2021 21:34

For me it makes no sense for a stock that is likely to transition into a net cash position during 2022 and supplies 7 percent of global ilmenite supply and has about a century of resource in the ground to be trading on c. 6x forward EPS.

[pdosullivan] 19/8/2021 21:32

They are likely to move into a net cash position during 2022.

[johnrxx99] 18/8/2021 07:37

Debt is still high and project WCP B move seems to have some pump issues.

So far so good. It would be nice to see us over 460p in the coming weeks but it's a difficult resources market at the moment.

[yellowstoneadvisory] 18/8/2021 07:31

Kenmare announced a very strong set of HY numbers this morning. Revenues +51%, EBITDA +121%m PAT +278%. Interim dividend 7.9c +217%. FY production guidance reiterated, Pricing outlook improved for H2. Scope for FY numbers to be upgraded.

There is a webinar for private investors tomorrow at 5.30. Register