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
  -1.00 -0.39% 254.00 250.00 254.00 254.00 250.00 251.00 50,915 16:08:20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 205.6 44.0 36.1 7.1 279

Kenmare Resources Share Discussion Threads

Showing 24826 to 24847 of 24900 messages
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DateSubjectAuthorDiscuss
09/1/2020
12:11
China know how to substitute better than any other nation on earth. Company shareholder registers are littered with names as a result.
donkey40
09/1/2020
09:55
China ilmenite output has increased but it is mainly not suitable for Chloride process, which is now taking the lead as the predominant process going forward. Lack of imports clearly down to lack of external supply, not internal substitution. Go back and have another read.
murraybasin
09/1/2020
09:33
Written in a way that they want us to focus on future performance when spitting out 1.2m tonnes ilmenite per annum. Sure not much can go wrong before that .... Move a bit of big kit down the road, unload and switch on... Suspect they will produce like crazy in H1 then - hope the grid supply is stable (coz Eskom sure isn’t). Is potential substitution in China resurfacing, given imports 24% down in 2019. Is KMR ilmenite grade today any more high grade than it was before last debacle? Back to sleep I fear.
donkey40
09/1/2020
08:15
All sounded pretty positive.
spectoacc
09/1/2020
01:57
The business update figures due Friday are going to be impaired as hinted at by the last RNS ... Implementation of this project has been more challenging than expected, resulting in unplanned production downtime, and tipping the balance of Kenmare’s FY 2019 ilmenite production below 900,000 tonnes. Where will the share price go? I suspect level or down a bit this time round, with more good news and less risk needed later in 2020 to get the share price permanently rising.
borromini1
08/1/2020
14:47
I assume you know what you are talking about - coz I sure can’t help you.
donkey40
08/1/2020
13:48
The issue is what has been the extended implementation cost for the problematic automated dredging and what kind of dent that makes to the figures that would otherwise be expected to be moving in the right direction.
borromini1
03/1/2020
20:04
Before, if someone can unlock the keys to EIB's cupboard.
murraybasin
03/1/2020
19:16
No - but volume didn’t drive it down to well below 200p, so logically we don’t need volume drive it back up above 250p?! This has 350p look all over it - by March/April time.
donkey40
03/1/2020
18:20
Volume's not there, yet.
murraybasin
03/1/2020
01:57
Looks like lift off momentum is building
donkey40
02/1/2020
13:46
I sold 2250 today for 235p and the price goes up ! Go figure ! Hny
datahead
02/1/2020
09:44
Higher prices help lower margins..
spectoacc
02/1/2020
09:38
Isn’t the low product margin the problem that undid the old KMR ....
donkey40
02/1/2020
08:48
Don't get caught up in the 'low value' product argument. It starts to get lost when you look at ILU's Q3 unit cost of A$ 866/t. Their margin is ~ 48%. Kenmare's is ~ 42%. Given the relative complexity of ILU's operations, all of that extra complexity isn't justified for that extra 6%.
murraybasin
01/1/2020
11:53
Conventional wisdom is something is a good buy if bought cheaply. And bad if bought at a high price. But accounting policy and depreciation can help massage expensive buy into a clever buy. Next we had ILU due dilly on KMR. Long life mine was not good enough to overcome acquiring a low value product that needed capex to fix for mine relocation, dredge equipment Capex and opex, more capex to boost overall production, concerns over power supplies. I imagine many of same problems were spotted in SR due dilly so why did ILU proceed anyways? Coz rutile sells for 5-8 times price of ilmenite and then costs to fix SR we’re reckoned to be much less. But what is clear is that ILU management had a big need to do a transaction to Ensure revenue growth was maintained (high value/ margin product strategy in zircon and rutile; not a desire to play in the Low value end of the product market. Dressed up another way, management say strategy is designed to iron out the boom bust cyclical nature of the feedstocks markets. Time will tell on that one.
donkey40
31/12/2019
18:03
HNY greetings and all that. I am still poor thanks to KMR, so really I ain’t much in the mood to big it up. I have long held the view that KMR share price is stage managed to suit others particular outcome. The share price jumped from the 210 range to 230 range last week, on thin volume. That got me thinking. That got me thinking either Oman or M&G wanted it higher at year end - why? Why is easy - gaited funds and all that so pressure elsewhere within M&G to show good year end liquidity and valuations (within reason). Take the ‘look after the pennies’ approach - and year end valuations etc look better than they otherwise might. Then I decided to test the market yday and today. Sold a few shares yday at 235p but there was no appetite for buyers to drive it higher. So today I stuck shares to sell at 234p, 235p, 236, 237p, 237.5p and 238p. 234 went immediately. 235 went after about 40 mins. 1 share of mine (on to sell at 236) went last trade of the day. Year end close 236. That is the level they wanted (235-236). Now I expect it to trade backward quite quickly in first 2-3 weeks January - between 210-220 range. I personally don’t think the exact year end numbers matter - everyone reasonably knows these are within the guidance range. Shipments will dictate the final Revenue figure for 2019 and if this is less than expected, we can expect great attention piled onto outlook for ilmenite in 2020 (started with a bang). Reality here - one mine and a set suit of products to produce and sell. Dominant position in the market. Tough place to do business but they should, by now, know how to co-exist there reasonably successfully. The problems are what management are paid to manage through... It’s all quite boring really !!! HNY
donkey40
26/12/2019
23:47
murraybasin 17Dec19-982: The global 87%TiO2 slag market is picking up with constraints at RioTinto smelters throttling the supply lines. LON:KMR can easily reach the 1m target by FY2021.
kemismelt
23/12/2019
16:46
Still not showing much of a return over the Open Offer restructuring price that Oman and M&G bailed the company out at. M&G may be keen to show performance in other funds given their problems with the property fund (now gaited).
donkey40
23/12/2019
15:45
They should warn more often. Were sellers at 206 on the day.
spectoacc
23/12/2019
12:26
Has anyone been able to establish if the debt refinancing meant that the cash held in the liquidity reserve accounts (a requirement of the banks) has been substantially reduced (maybe even eliminated) ? That in itself was a good enough reason to refinance. Everyone always focussed on the Net debt position - however that was a disguise of sorts. There was no right of set-off between the o/S gross debt balance and the cash reserve accounts. Because of that, the company had to bring the gross debt figure well down before (I imagine) banks would have consented to major dividend payout. So it really isn’t surprising they refinanced around now - doubt they could have done it any sooner either. Leaves 2020 to concentrate on the Pilivi relocation and work other production assets and power supply to ensure they hit guidance targets. Sales doesn’t seem to absorb huge amounts of management time.
donkey40
20/12/2019
15:13
Now higher than pre "warning". :))
spectoacc
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