Kenmare Resources Share Discussion Threads

[plat hunter] 30/3/2019 12:08

In today's world of automation, technology and search for productivity. Aggregation is a key process for brokers and trading platforms alike and as such it's practically impossible to reconcile your trades on stock market ledgers nowadays.Unless of course you have bigger stacks than Buffett

[murraybasin] 30/3/2019 11:09

You can trade both shares on both markets. If you give a broker a direction though they may use their discretion as to which market they trade on depending on the market depth. Also, if using a broker they might fill off market from stock they are holding themselves or even a match for one of their own clients pending orders. Through whom did you place the trade?

[datahead] 30/3/2019 02:35

Strange when i buy bank of ireland shares in ireland the buy comes thru on lse but not when i buy kenmare on the irish stick market - bought some yesterday -

[murraybasin] 29/3/2019 16:08

I've been watching it for a while ;-)

[plat hunter] 29/3/2019 15:36

It's tempting Murray but i reckon the gains here when they start, will run and run then run some more. Plenty of time for me to watch it for a while and get comfortable with it's trading pattern.

i have no doubts that it will happen at some point.

[murraybasin] 29/3/2019 15:24

I'd inclined to make my move now if ever.

[plat hunter] 29/3/2019 13:39

It bounced back to 200 pretty well with low volume.

[donkey40] 28/3/2019 20:12

Yup, I offered him an olive branch truce on the other stock. Let’s see if he actually anything intelligent to say over there.

[donkey40] 28/3/2019 11:07

Miton hold 8m shares - so who sold 8m shares? Presumably that is your 9.3m shares mostly there. Majedie was the main % holding change I believe. Capital sold a few as well. But Yerman and M&G still holding 50% - phew, 50% (55m) between 2 institutions.
Or 63m or 57% among 3;
Or 71m or 65% among 4;
So Miton coming on board didn’t solve any extra liquidity concerns - it just allowed someone tired holding to get out.
But I struggle to buy that coz Majedie were there throughout the refinancing and, as a hedge fund (with access to capital), were able to go super long to soak up shares needing a temporary home.
But now Majedie are down to holding maybe 3m shares - so who fills the next big buyer?
What I am hoping is that seeing FIL coming onto the share registers of Ilu, then KMR, then BSE means a sector re-rate is soon ahead. But with maker outlook, Fed yoyoing, economic indicators looking nervy, gulp - who would ever have thought KMR be considered a safe haven, cash cow stock....

[plat hunter] 27/3/2019 17:04

anyone got sub 100?

[wheniamfree] 27/3/2019 16:55

Drip drip drip went the tap.

Just waiting on the next cyclical disaster.

Majedie now below 6% and likely selling into any liquidity (of which there is none)

[murraybasin] 27/3/2019 08:39

Doubt that.

[donkey40] 26/3/2019 16:55

Majedie - going long / short and keeping the status quo.

[murraybasin] 25/3/2019 19:27

I'm impressed. That he keeps coming back here to waste time on something he clearly only has superficial knowledge about.

Now, any thoughts about the 9.5m?

[wheniamfree] 24/3/2019 21:15

Kenmare isn’t out of the woods just yet.

A bailout placing and pure destruction of investors wealth has happened once. There are plenty of other factors macro and/or otherwise that can see it all occur again.

Fool me once shame on you, fool me twice..

[badger37] 24/3/2019 01:15

If you burn investors or creditors they take almost a generation to forget

[badger37] 23/3/2019 23:51

Read Kenmares historyI'm a long term buyer and seller

[murraybasin] 23/3/2019 09:15

If your MBA and PHD material isn't answering questions for, might be time to look at the less obvious, which you appear to have discounted before fully considering.

[donkey40] 22/3/2019 23:21

So, let me see if I follow. A large volume of feedstock is produced in one of the more remote parts of Planet Earth. That gets shipped to places in other continents (ie a large distance) for value added supply chain blending to make something else. That costs a lot more, which gets sold all over the place like B&Q /Walmart/ Nippon/ other Asian equivalents.
So far so good I think.
Then we read investment theory and all sorts of MBA and PhD clever stuff and we think we are quite clever people ourselves. We might even study for a Corp Finance or Company Valuation type course (and even more surprisingly pass). Which means we have an opinion about things - dangerous, I know.
But 109m shares in issue; EBITDA of $95m in 2018 and set to improve in the years ahead (ie there is price discipline in the sector for possibly the first time ever; and low and FYG behold - the share price is stuck on 2 times EBITDA cover (where Future Capex is well flagged and not that demanding.

And you suggest there is a volume based reason why share price is worse than an already deflated balloon. Pray clarify for a confused yet sprightly old codger.

And PS this has got F All to do with Brexit, May or any thing political.

[murraybasin] 22/3/2019 22:48

There's a volume based reason the share price is where it is; it will lift. My calculations suggest we should be close to done with moving the overhang, but, they are only my calculations. Nobody is telling.

We still need to get over May also. Entirely different issue. She needs to go back to the people. Even NI has more blue than orange or green. These are people who know what history feels like.