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Share Name Share Symbol Market Type Share ISIN Share Description
Kenmare Resources Plc 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
  -2.00 -0.68% 293.00 293.00 294.00 295.00 290.00 291.00 22,893 12:37:37
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 204.3 37.7 30.9 9.5 322

Kenmare Resources Share Discussion Threads

Showing 24051 to 24073 of 25000 messages
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DateSubjectAuthorDiscuss
24/4/2018
18:53
You used a whole lot of words there to say not a lot. Much like previous.
murraybasin
24/4/2018
18:39
Murray I don’t buy the above personally and that is your opinion. Given KMR made reference explicitly in their RNS as well as many other industry professionals and those opposing the recategorisation due to fear of effect in the market for TiO2 to assume it won’t be an issue is an oversight but, that’s your belief. Facts, I totally agree infact I Point this out to a certain someone daily. I don’t portray to be an expert in all matters however the discussion above and that of the PE projection has absolutely nothing to do with the market movements of the week, the VWAP or the volumes. As an investor yourself I am sure you would agree.
wheniamfree
24/4/2018
18:26
This CARC 2 topic is a non event. Even if it was, there are various applications where the properties of TiO2 would be difficult to replicate on economical or practical terms. Plenty of reports out there stating the difficulties in TiO2 replacement. Donkey – who knows, could be a multitude of reasons…. both are entering a capex phase with inherent execution risks, doubts on how this will affect returns to shareholders. Plus this current global expansion cycle is already long in the tooth, with slow down fears set to increase, repricing of USD rates which will affect asset prices, China’s true growth rate being perhaps lower then reported (say 5-6%), lag effects now being felt of China’s efforts to curb credit expansion, commodities in general feeling the pinch….. I don’t think it is KMR specific as news would be out by now. KMR’s EBITDA in 2017 was more than double the aggregate total of the 4 year period 2013-2016. This year it is set to double again, with debt falling substantially. I remain unconcerned and have been quietly accumulating in the past month or so.
caposoka
24/4/2018
18:02
I participate in other industry forums and talk to industry professionals; I can tell you, again, much as I have told you before, WHO/IARC already categorizes TIO2 in nano-particle form as CARC 2 and this is neither new news or a major concern for the industry. You may recall (short term memory deficit?), that I told you the ECHA/ECC concluded that the submission on CARC 2 categorization was inadequate, needed 'enormous' work to prove out and that since then KMR withdrew that issue as a principal risk and uncertainty in the list in their AR. For further reading I'd suggest checking the ARs of all other HMS operators and see which others see it as an issue. None? Also keep in mind that the industry is actively working with ECHA on the issue. Not quite black and white at all. This also wouldn't, as you suggest, explain a difference in (for example) the relative performance of BSE or KMR relative to ILU. I could help you out a little on that, some time. The best trolls I've seen tend to stay away from the facts because once you try to start dealing with facts that you don't really have a handle on, it makes for poor trolling. You should revert to making scary stuff up from scratch, you know, ghost stories that scare the kids and all that. How about TIO2 is evil? Remember, witch doctor at the gate, etc? Finally, keep in mind, all of this useless crack and banter on ADVFN doesn't really matter much to anyone anyway. As an expert in all matters, maybe you could give an opinion on the trading volumes, VWAP, etc, for the last week or so and rationalize it for us?
murraybasin
24/4/2018
17:29
Donkey, reference base resources - perhaps those in the titanium feedstock market are wary around the re-categorisation of TiO2 as a category 2 carcinogenic. If you think that will have no repurcussions on spot price you are stupider than I thought. It appears there are plenty who are concerned in the industry as a whole, even KMR raised concerns and an outcome will be on the cards which so far isn’t lookin favourable.
wheniamfree
24/4/2018
17:27
Murray on the contrary I was responding to your point. If you believe a PE of 10 is valid for such a company (perhaps in normal circumstances I would agree) but with Kenmare much is to be proven. It appears the market aren’t following your belief either.
wheniamfree
24/4/2018
17:23
He believes you'd actually use a P/E to value the company. I was trying to keep it simple for him.
murraybasin
24/4/2018
15:59
Cap / Iluka - is interesting that Base R is equally unloved by the market currently. Any proper ideas why? Can we try to filter out the other noise ...
donkey40
24/4/2018
08:22
A PE of 10 would be toppy given past performance. Perhaps a PE of 5 may be more realistic.
wheniamfree
24/4/2018
07:42
We'll see if the market starts to agree when KMR posts H1 EBITDA of $50m and net profit of $30m which will give a prospective valuation of $600m on a PE of 10 in a market where the prices for all three product suites are still on the rise (and a fourth product to add this year). Targets between 450p and 500p? In a market where it nearly costs you money to have a bank deposit, if I wasn't buying this for 125% upside, I'd be buying it for 10% upside given it has an operational mine that is generating a healthy operating margin and profit unlike many AIM juniors where the value is based on hopes and dreams but nothing tangible.
murraybasin
24/4/2018
06:49
Is the operations director onsite or, what % of time is spent there overseeing the mine? Surely that would be a basic requirement.
wheniamfree
24/4/2018
06:33
I don’t think the market agrees with your beliefs Murray. I think many on LSE have been spinning the same yarn for years, all promise with little action. The last RNS was just more jam tomorrow in my mind. “We have issues, we are aiming for mid target (hopefully), we need to spend more money getting there”. In the mean time there are plenty more pressing risks out of the companies hands as I’ve mentioned above which appear so far to be being brushed under the carpet, a big risk none the less but since KMR have no control on it - best just forget about it until it happens. Maybe that’s the mentality of the board whilst they continue to draw large salaries from a exceptionally large number of noses in the trough. Sub 200p this week if the trend isn’t bucked.
wheniamfree
23/4/2018
18:30
Not sure anyone cares much. KMR would have around $62m revenue in Q1 with costs probably in the $37m region, netting EBITDA of something like $25m. Given the rough $40m full year difference between EBITDA and net profit for 2017, that suggests net profit in the quarter of $15m and full year net profit of up to $60m, full year EBITDA of $100m, which is not too different from several broker forecasts. Granted, these are not "Facebook" like numbers but relative to valuation they are whoppers.
murraybasin
23/4/2018
16:02
Ok then - you are the man !!
donkey40
23/4/2018
16:01
We are talking about Kenmare. I see a new low has been established today. I am commenting on market perception and the belief of what is actually happening on the ground. You then throw in the curve ball of category 2 carcinogenics for TiO2 which is still an unknown and it’s adverse effects on the market in which Kenmare operate. Mozambique isn’t shaping up much better either but, as we know. At best KMR hope to continue flat production levels during a fall off in grades (ergo opex increase).
wheniamfree
23/4/2018
15:15
Thanks for your contribution - your bias is well known. Ignoring your nonsense - let’s think like grown ups for a bit. Sovereign Wealth Fund hold 30% at current entry price; M&G Recovery Fund hold 20% at same entry price - having been the dominant players in the rescue and refinancing 2 years back, you reckon with the sector showing strong pricing fundamentals at this reasonably early stage in the cycle they are going to be remotely interested in a T/O at current levels? Coz neither Cap or Murray or myself think it and nobody else is listening here - so wind your neck back in. You are better than that. Your other little pet company however is still all promise and potential which, through no fault of their own, has got pushed backed at least 1 and maybe 2 more years. They should just say it as it is instead of trying to bluff the retail punters. Coz there in a nutshell is the difference between the 2 companies - one is controlled by a few large II holders and the other is pandering to a retail herd who sadly for the company are starting to smell the coffee. Behave yourself - as I say, you are better than this nonsense.
donkey40
23/4/2018
12:00
I read this on LSE “Yes. Either a dog of a share or aggressive/Strategic TO taking place....” I would opt for the prior. Not entirely sure who would be in a position to allow share price suppression to create a hostile TO. Not going to happen. Don’t think the market believe this years forecasts will be achievable given the issues already experienced in Q1
wheniamfree
20/4/2018
07:38
Not sure. Surely if Q1 involves a reversal in the mine path and complete relocation of all dry mining equipment, then Q2 would have to be better, unless it involves a reversal in the mine path and complete relocation of all dry mining equipment. Don't think anyone with an interest in HMS would let some minor production hiccups write off their full year expectations.
murraybasin
20/4/2018
06:49
Oil, copper, nickel, gold and various other commodities also favourable at present. Plenty of other good stocks churning solid revenues with good historic performance. This one needs to prove itself but, as you say and as I stated previously - Q1 already has issues and they are already forecasting mid target range. I can’t see how Q2 will be any better personally.
wheniamfree
19/4/2018
19:23
Donkey, are we nearly there yet? Maybe the market says "more of the same". After a few promising quarters of performance, here is KMR again with "production issues" in the first quarter of 2018. Still on track to meet full year guidance, but do you believe it? Capital had been selling down, mind you, they probably need funds to continue to buy up the defense sector. Looks like fake news and chemical weapons are a better driver for investment than raw materials.
murraybasin
19/4/2018
19:07
Sounds like BS. Top few holders have 80% of the company. Only way to approach TO is to bid what the company is worth. 'Hostile' isn't an option on the table.
murraybasin
19/4/2018
17:54
I see a lot of posts on LSE mentioning forced down for TO. Does not stack up one bit, if that were true then who’s selling to suppress thebprice? If indeed it is the major holders why would they be exiting prior to bid and secondly why wouldn’t any suitor just not approach with a hostile move. They could easily engage 30% combined holders and strike a deal off market to liquidate their positions and make a low ball take. I think MC pressure to entice holders to move on has worked, trouble is nobody wants the stock.
wheniamfree
19/4/2018
16:26
Gents - this is starting to look real scary. Never thought I would see 210p being tested. We could have waited 3 years and invested now rather than when averaging down when around old 1p level. Can there be something more sinister going on we are not aware of? This makes no sense to me.
donkey40
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