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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Kenmare Resources Plc | KMR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -2.00 | -0.59% | 336.00 | 08:14:01 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 336.00 | 336.00 | 336.00 | 338.00 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 28/11/2024 00:40 by mineinterests A new useful reminder (IMO) of the long-term benefits of investment in KMR if there is recognition of internally generated FCF to fund upgrades and access to higher yield operation. Price recently seems to be influenced by short-term dip in production due to big changes in dredges etc. A longer view sees a big upside of 50%+ in price. |
Posted at 14/10/2024 10:14 by parknas Broker note out todayKenmare Resources (“KMR”) will release its Q3 production update on 17th October 2024. KMR expects output to rise in H2 driven by higher forecast grades, and sales to be supported by improved weather, following the conclusion of the rainy reason |
Posted at 06/9/2024 14:20 by plasybryn robmcelf2 - break-out still in place?Presented at FACIM 1st Sept? "Kenmare is on track to achieve 2024 guidance Revenue is expected to be second-half weighted. With net current assets of almost $200 million at the half year, including record net cash of $58.9 million, we are well positioned to fund our capital commitments and shareholder returns.” Dividend: Interim Ex 19/09/2024 Pay 11/10/2024 15.00ยข |
Posted at 15/8/2024 16:05 by robmcelf2 Hopefully KMR now broken out of the recent downtrend. Under a new CEO hopefully we can get back to 4.00+ quite quickly. |
Posted at 14/8/2024 07:17 by parknas Kenmare’s balance sheet remained robust during H1, with net cash increasing by $38.2 million to $58.9 million (31 December 2023: $20.7 million), after capital investments ($49.1 million) and $34.7 million of dividend payments. The Company is pleased to announce a 2024 interim dividend of USc15 per share (H1 2023: USc17.5 per share) and the full year dividend is expected to be towards the upper end of the Company’s target payout range of 20–40% of profit after tax. |
Posted at 09/8/2024 12:30 by robmcelf2 KMR interim results due next Wed 14th Aug. They said they would update on Carville's successor ahead of the results so that would be Monday or Tuesday? |
Posted at 17/7/2024 06:35 by robmcelf2 Decent Q2 update from KMR. Shipped product down a bit but will hopefully catch up a little in Q3. Prices and customer order book look robust. Forecast improved grades for H2 so production profile looking better which is also positive. Search for CEOs successor nearly finished so should get an update on that soon. Looking good imho. Dyor. |
Posted at 10/5/2024 07:50 by neilg2 I'm thinking of adding a few here, but I must admit that the dividend witholding tax is putting me off a little!Re a couple of earlier questions asking about reclaiming it, I have successfully done this in the past (in respect of Dragon Oil dividends for shares held in an ISA back in 2013). However it was a pain - took c.6 months from start to finish. If anyone wants to have a go, this link on the Irish revenue site explains the process: hxxps://www.revenue. The claim form is here: hxxps://www.revenue. Assuming shares are held with a nominee, I think you'll need your broker to provide the information required under parts 2 and 4 of the notes on the first page (managed to get this without too much trouble before, but will probably depend on the broker - mine was TD Waterhouse at the time, now part of II) You'll also need to get HMRC to certify residency for part 5, using the form below. This was the difficult bit for me 10 years ago - opened a whole other can of worms as HMRC got the wrong end of the stick and took a fair bit of back and forwards to resolve - they might be more familiar with it now (here's hoping): hxxps://www.revenue. Would be interested to hear how anyone gets on. May well dip my toe in here in the next few weeks. PS - the Irish Revenue were great. Difficulties were all in the UK! |
Posted at 04/4/2024 13:01 by clive7878 I am concerned that KMR could be following SLP -which was on a low pe of 3 and now has a volatile share price. The final dividend yield - ex div 11/4 - is a very good percentage, but the share price cud fall as a result on 11/4, so much of that cud be wiped out. I've experienced before. One needs more reason to invest than the dividend. |
Posted at 20/3/2024 10:25 by stemis Not sure there is much new in the results. Dividend of 56.04c is a cost of $50m, in line with what they said on 17 January - ("We expect total 2023 dividends to be approximately $50 million.”).Ilmenite production guidance for 2024 is unchanged. On slight note of caution is - "To the extent possible during this period, we will aim to pay dividends towards the top of our stated payout range of 20-40% of underlying Profit After Tax. However, additional shareholder returns will need to be balanced with a requirement to maintain a strong balance sheet to fund the programme." Dividend in 2023 was 38.2% of PAT According to 17 January statement, capex in 2024 should be $224m ($189m development projects, $6m improvement projects, $29m sustaining capex). Net cashflow in 2023 (exc capex, debt repaymnents, share buybacks but assuming same dividend as 2023) would be $103m. So it would need $121m from debt. That looks tight. One other thing though is that debtors in the last 2 years have increased $61m on roughly the same turnover. I assume that's a reducing use of factoring. Presumably they could call on this if needed? |
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