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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
  5.50 2.11% 266.00 265.00 266.00 271.00 260.00 264.00 86,571 16:26:57
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 204.3 37.7 30.9 8.5 292

Kenmare Resources Share Discussion Threads

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DateSubjectAuthorDiscuss
17/2/2019
09:36
If you wish to do some research on KMR, there are plenty of reports and production updates from industry players where you can get a good feel for the market outlook. You will quickly appreciate that KMR sells 2/3 ilmenite, 1/3 zircon by revenue. Both commodities have effectively doubled since the low point. The zircon price is being controlled by the major suppliers through release of existing stocks to suit market demand as major price increases from here could lead to product substitution. Likewise, there is a price linkage between alternative uses of ilmenite or rutile. If you look at KMR’s analyst presentation (1 Feb) you will see that KMR will grow revenues primarily from increasing production of HMC to 1.3Mt p.a. from current 1.1Mt p.a. on a mostly fixed cost base. You may be reaching the correct conclusions but may be not for the right reasons. GL.
caposoka
17/2/2019
08:37
Murray...Kenmare's earnings much like every other resource company are leveraged against the the under lying value of the commodity price.I understand that it's possible to develop investor fatigue during times of industrial contraction. But that's not to say the horizon will never change.Good luck old bean
plat hunter
16/2/2019
19:58
Still would like to know where this massive increase in revenue is coming from? Margins are not going to leap, shipped volumes either?
murraybasin
16/2/2019
08:27
Thanks Donkey... definately didn't roll my eyes
plat hunter
16/2/2019
06:21
Plat - the chart may show something close to the range you mention (even though you neatly extended both ends to suit your basis) but the volume has been minuscule. Especially when it was trending below 2 quid. Personally when this one moves, I doubt you will get much chance to buy and sell. And whilst I will look at Glencore, if your basis of EBITDA explosion is only down to a change or resolution of VAT rules - then good luck to you mate. You gonna need it.
donkey40
16/2/2019
00:52
Where do you see this massive increase in revenue coming from?
murraybasin
15/2/2019
23:09
Donkey...I always try too :-P. Glencore's is on the verge of entering into an agreement that will negate the VAT issuevl their and will effectively double their EBITDA from their copper projects in Zambia.Worth a look and is similarly under valued as Kenmare, based on future earnings.
plat hunter
15/2/2019
23:02
'Re your post about about financiers pushing out the PI'sCheck out WRES.. Creditor is BlackRock for 30 million. Loads of warrants issued and excersises by the creditor. Marches up on PI activity whenever theirs news.. The the biggies start selling into it.Currently delays on build
plat hunter
15/2/2019
22:04
Skiddy pantz, if the head honcho trends up, then tis a fair bet the rest will, at some point, follow. In fact, I would bet money on that ! Plat, old chap. You now have a choice to make. Choose carefully and wisely.
donkey40
15/2/2019
09:46
I hope reading isn't your strong suit
plat hunter
15/2/2019
06:30
.... I have a target of £7... I'll be selling as much as I can whilst it's under £3..... oh dear.
caposoka
14/2/2019
22:34
You're kidding right? Range of 250 to 180 in the last 6 months, that's quite a range and with that some very obvious trading patterns with triple peak and troughs spit out by intra day/month bases. Revenue is about to go through the roof here over the next 3 years. I have target of £7 a share based on projected earnings. I'll be adding and selling as much as I can whilst it's under £3
plat hunter
14/2/2019
20:46
Recent volatility ? What / when was that?
donkey40
14/2/2019
10:06
Morning all.. Kenmare has spiked my interest of late and is on my watch list.. just going by chart fundamentals, assets and earnings, this seems cheap and could easily treble, in the short to mid term (2-3 years) Given the recent volatility here compared to the wider sector, I'll be trying to build a position here by trading longs, buying the dips and selling on news and retaining the profit as free shares. Doesn't always work but can that's the way I like to play certain stocks Love to hear bear and bull cases here.
plat hunter
04/2/2019
09:33
NoSir, I will venture my guess at what is wrong with your strategy theory to ignite the share price. They may well be in a net cash positive position now thanks to strong EBITDA performance over past 18 months. However there is no right of set-off between the Lender debt of $100m (repayable over specified 5 year term) and the working capital cash requirements the Lenders stipulated must be held in Maintenance Reserve (and other) accounts whilst the gross Lender debt remains outstanding. The fact that you don’t even know about these Lender type requirements in Project Finance arrangements, which is now how KMR debt is packaged post the $275m refinancing package in 2015/16, pretty clearly demonstrates you don’t have a clue as to capital management or balance sheet management plans. (The debts previously were under Development Finance arrangements - by no means identical to Project Finance lending terms.) For KMR, the $100m lender debt is cheap money at around 5% coupon, and very likely any delta savings achievable on refinancing would be lost on the bank fees payable upfront to secure agreement. Hence - No point to refinance then! As for share buybacks - that would further reduce an already very tight liquidity pool of shares. To my mind, once the current schedule of work to optimise mine production and relocate to Pillivili is at or near far end of the runway, it will be time for KMR to look at expansionary diversification projects. Ie use their strong balance sheet and strong and financially secure position to go buy something. At the same time, near completion of above work means the For Sale sign is also an obvious outcome of all the ‘Mike has fixed it’ work these past few years. It would seem to me that you only understood the first half of your own investment strategy for KMR when you decide to stick the certs in the bottom drawer. And to constantly keep telling us how clever you were to do so, without appreciating the other half - well again you don’t emerge look so clever to those of us that perhaps look at this company through different lenses. Those past share price predictions were nothing more than a bit of fun whilst we had to sit back and wait for real progress to get going and become embedded. We all moved on from those long time ago; suggest you do as well. Remember even the good reverend changed his mind and agreed to sit at the table with MMcG .....
donkey40
03/2/2019
16:39
From the other side, sounds like the dividend question is resolved though no RNS or high court reports visible. Court date for Kenmare Resources -v- Companies Acts was 1/February (hxxp://www.courts.ie , High Court Listings). Based on net profit USD 30m 2018 H1, should be looking towards >= $60m FY. Commitment is for >= 20% so >= USD 12m. USD/GPB 1:0.76, so >= GBP 9.12m. Looks like >= 8p/share or dividend yield >= 4% based on a 200p share price (and ~= 109m shares in issue). Anyone calculating 2% is probably mathematically challenged, unless of course the share price is 400p by the time the 2H dividend is made.
murraybasin
01/2/2019
00:03
"Money" is trying to strong-arm HMS.
murraybasin
01/2/2019
00:01
The most recent bubble chart I've seen elsewhere, posted by someone on twitter, shows KMR and ILU being the TWO BIGGEST single producers (in production, with earnings) by a LONG margin. There are lots of wannabe HMS prospects talking up their R&R so that they can market themselves to financiers. Anyone advancing loans at this stage in the game wants to have their head examined. Sure, you can lock someone into debt but you can't be assured you'll get it back, ever. In most cases, the only reason for lending would be to dilute the float and take control of the estate from existing shareholders and push them out.
murraybasin
31/1/2019
22:08
Those by the book income fund types should be ready to start buying after tomoro’s hearing. Good stuff! Global Transparency index has Moz a Long way down and with a poor score. Yet I have never got the sense KMR had to revert to meaningful greasing behaviours. I think this is due to them being a project the country can showcase as the art of the possible way up in the remote north part. Given that Govt power and wealth is derived and generated mostly in the south.
donkey40
28/1/2019
19:52
Spot on, except perhaps the 20%+ the market is already down suggests Brexit might already be priced in. On the other hand I know of a trader who just off loaded an investment property in SW USA because he thinks things may head south, but specifically in the USA. I think we can get on without them.
murraybasin
24/1/2019
11:06
Purchase by fidelity it seems last week takes them over the 3pc
datahead
16/1/2019
01:28
The irony I think now is the south no longer want united with the north, yet both sides in the north want frictionless access to the south. To think that those in EU and Uk allowed an imaginary line to stymie a Deal or No Deal ... is farcical. Perhaps bring back Noel Edmunds to host Parliament
donkey40
15/1/2019
20:06
Hopefully she can't be DUPed into any further stupidity ...
murraybasin
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