Share Name Share Symbol Market Type Share ISIN Share Description
Kenmare Resources LSE:KMR London Ordinary Share IE00BDC5DG00 ORD EUR0.001
  Price Change % Change Share Price Shares Traded Last Trade
  +6.00p +2.71% 227.00p 53,675 14:57:00
Bid Price Offer Price High Price Low Price Open Price
227.00p 230.00p 230.00p 218.00p 218.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 154.22 13.66 13.33 16.0 248.8

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Kenmare (KMR) Top Chat Posts

DateSubject
17/8/2018
09:20
Kenmare Daily Update: Kenmare Resources is listed in the Mining sector of the London Stock Exchange with ticker KMR. The last closing price for Kenmare was 221p.
Kenmare Resources has a 4 week average price of 210p and a 12 week average price of 209p.
The 1 year high share price is 351.75p while the 1 year low share price is currently 205p.
There are currently 109,601,551 shares in issue and the average daily traded volume is 33,322 shares. The market capitalisation of Kenmare Resources is £248,795,520.77.
17/8/2018
10:41
donkey40: Supa makes an interesting point assuming his point in time prices are broadly correct. And with KMR price still not performing, they certainly are letting Base grow from strength to strength.
04/7/2018
20:16
donkey40: Interesting situation at KMR - the major holders are seemingly having to sell down in order to allow others to buy the stock to create a more active market in order to allow the share price to reflect fair value. Little wonder the critics are confused by current goings on.
28/5/2018
08:40
murraybasin: I think this is straight forward. Little bit of chicken and egg for now. As performance continues to filter through the share will continue to become more attractive and the liquidity/risk issue will gradually diminish. Discussion points: 1. That since M&G and friends blocked the ILU takeover, they would hamper another. M&G are in the business of making money so their likely involvement in any future takeover attempt will be to ensure that they maximise the opportunity. ILU was opportunistic; the reason M&G got in the way of that was to preserve the future opportunity. They know what the mine is worth. 2. That a suitor would only offer 20% premium. That would be an obvious starting point but there is no way any of the majors would take anything south of £500m for the business. So, if any offer comes along it will probably lead to a protracted set of negotiations and eventual sale of the business at a significant premium to the current market capitalisation. 3. That Lomon Billions might find it difficult to get permission to spend outside of China. The number on the table for Sichuan Anning Iron and Titanium Co. which they just backed away from was $800m. Because they had been tyre kicking in Brazil, I suspect they know the funding is a problem they can solve. 4. That liquidity is a barrier to entry for IIs. I agree with this. This will take a bit of time but a net profit of $30+ for H1 and $60+ for FY 2018 off $100+ EBITDA along with prospective dividends will start pushing this in the direction that generates the required interest and liquidity. This is counter intuitive, but the share price will need to go up in advance of material interest from additional IIs, following which they will drive it. 5. EIB, not a natural share holder. I agree with this. If they want out, why would someone offer them a premium when the alternative is the open market which would force them to sell at a discount. What are the possible ways out for EIB? (a) Open market (b) Negotiate block sale[s] (c) Trickle feed over time (d) Stay long pending inevitable correction and gradually sell into the market improving liquidity.
26/5/2018
09:31
murraybasin: It was all going very well until some utter moron started to prattle on about the share price. There's always one though, isn't there.
15/5/2018
16:20
donkey40: Then why is the share price still a bag of keegh?
12/4/2018
05:58
wheniamfree: “Excellent progress has been made to reduce unit operating costs in recent years, through a combination of higher product volumes and cost saving measures. However, WCP A and B will encounter lower mineral grades as they enter the later years of their mine paths in the Namalope ore zone. The impact of this reduction in grade will be offset by some additional mining capacity, process improvements and increasing plant operating time, facilitated by enhanced business systems and equipment upgrades, together with continued training and up-skilling of our workforce.” Note the word “offset”. Where is the expectations of growth or does that come in 2021 when they begin to mine better grades? “Kenmare continued to grow production in 2017, as targeted, with production volumes for all products achieving new records, particularly ilmenite which has been operating at an annualised rate of circa 1 million tonnes per annum since mid-2016. It is planned that production will remain at approximately this level until Wet Concentrator Plant (WCP) B begins mining the Pilivili deposit in 2021 after completion of its mine path in the Namalope ore zone.” Q1 2018 and production is already down?? Furthermore production to remain at 1m tonnes until 2021 - that is contradictory to what was stated in the first paragraph and both are taken from the same RNS!? “Ilmenite prices continued to rise through 2017, albeit at a slower rate in the second half of the year as low-grade concentrates were induced into the market and Chinese environmental inspections caused disruption. Received prices are expected to average at higher levels in 2018, supported by continued demand growth and a reduction of low quality ilmenite supplied from stockpiles.” Low quality ilmenite, as stated in the RNS the grades are continued to expect to fall until 2021. So pricing will not be as strong for Kenmare as perhaps the rest of the market. You pay for quality, investors wish to see growth, if these unforeseen circumstances keep occurring - that will have a negative impact on production and figures. The profits need to increase YoY for share price appreciation. It isn’t like they maintain their rating and pay a divi or offer any of it back to SHs, no they pay themselves fat salaries and bonuses for the excessive board count and spend their money on capex to expand production figures (which as per above are expected to remain at 1m tonnes until 2021) to help offset the falling grades ergo treading water. It’s all in the RNS. I just fail to see how you can claim to offset falling grades and increase production and then in the same announcement state that production figures will remain the same despite the concentrator upgrade. Which is it? If Q1 is anything to go by I’d suggest a contraction as opposed to expansion.
12/4/2018
05:43
wheniamfree: “Kenmare Resources output slips due to project outages. StockMarketWire.com - Kenmare Resources said production of all of its key mineral sands decreased in the first quarter following planned and unplanned stoppages at its operations in Mozambique. Excavated ore volumes slipped 7% on-year to 7.8m tons, as production of ilmenite, zircon and rutile fell 18%, 9% and 5%, respectively. Shipments of finished products, however, increased by 4% to 252,700 tonnes. At 1:25pm: [LON:KMR] Kenmare Resources PLC share price was -4p at 226p.” Short and to the point minus all the fluff. Http://www.stockmarketwire.com/article/5928534/Kenmare-Resources-output-slips-due-to-project-outages.html
09/4/2018
01:54
donkey40: Thanks Murraybasin - very comprehensive posts. I would not worry about Wheniamfree - he is just being mischevious with myself. Him and I have a running dingdong on another board, where I have been getting under his skin about a company he had high hopes for. He seems to think that the current share price weakness in KMR is his opportunity to poke me back. Luckily for him, his loss elsewhere could turn out well now he is getting real and proper insight into a company with real business, assets and revenues. The cash generative side looks increasingly tasty imo as we progress into the year.
08/4/2018
18:51
murraybasin: P.S. The prices quoted earlier are obviously for ilmenite. The H&P report bases its assertion on zircon reference prices of $1200/tonne during 2018. Spot price for zircon (per Bloomberg) is already at $1600/tonne with Iluka's reference price currently over $1400/tonne. H&P put forward EBITDA of $129m in 2018 with net profit of $75m. They were spot on for 2017 with EBITDA of $75m and net profit of $28m. Given their $200 under-shoot on zircon prices, probably means their EBITDA and net profit values are also under-stated. Following, it looks like the current share price puts KMR on a forward P/E of something between 3 and 3.5.
05/4/2018
17:28
donkey40: Other than tongue in cheek comments to you, I don’t believe I have been “selling”; this stock to anyone, anywhere. I did (as in, used to) post there that I saw the investment fundamentals of this company there are positive going forward. Thankfully over in that group, the conversation was considerably more grown up, less emotional and way less antagonistic than on a CBM Botswana Stock we both follow. However, and let me emphasise this for you and say it in as clear and simple a way as possible so you don’t get confused (yet again), I have never pushed, pumped, promoted, this stock to anyone on any board. And whilst there are current issue(s) impacting the share price now, I anticipate these will be resolved in time and this stock should see its share price rise from today’s level. And rise anywhere from 50-100% for this level relatively quickly. If you are of a mind to vent, antagonise, frustrate, whine, complain, etc or indeed have valid questions or concerns about this company - I suggest you post on LSE. They are a welcoming enough bunch. Or call II or DYOR - as I have done for many years here. I certainly don’t need to bother with some Johnny Come lately blow in thinking he is being a smart ass. The others on LSE may be more accommodating - assuming of course you have real interest to know something.
Kenmare share price data is direct from the London Stock Exchange
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