Kenmare Resources Dividends - KMR

Kenmare Resources Dividends - KMR

Stock Name Stock Symbol Market Stock Type
Kenmare Resources Plc KMR London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
-0.50 -0.1% 479.00 16:35:04
Open Price Low Price High Price Close Price Previous Close
479.50 475.50 482.50 479.00 479.50
more quote information »
Industry Sector

Kenmare Resources KMR Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

Top Posts
Posted at 18/1/2023 07:24 by spectoacc
For those who've followed KMR long-term, being in a net cash position is quite some turnaround.
Posted at 18/8/2022 12:28 by ukgeorge
I think they are being very sensible and long may it continue. Share buy back, increased dividend and reduced debt its pretty good.

Long mine life, low debt, good profits.

Posted at 18/8/2022 12:18 by billyton1
........but poor dividend reward for shareholders from a company generating lots of cash?
Posted at 17/8/2022 06:54 by yellowstoneadvisory
Kenmare have released an excellent of HY figures this morning with record revenues announced. Profits, cash generation and the dividend announced are impressive. A few highlights below:

- Record H1 revenues of $182.1m, an increase of 9%
- Record Average price received of $429, a 52% increase
- EBITDA $105.5m, a 28% increase
- Dividend of USc 10.98 an increase of 51%
- Net debt reduced to $65.5m

Strong market demand for Kenmare products continuing into Q3. Prospects for a strong second half are encouraging as production and shipments improve.
Mgmt present 18/8 at 12.30 Register

Posted at 13/8/2022 15:03 by yellowstoneadvisory
#KMR - FY results 17/8. Management present at 18/8 12.30pm



Posted at 12/7/2022 07:52 by spectoacc
Interesting, thanks. So Ilmenite & zircon are holding up (likely helped by Ukraine disruption), & perhaps catch-up volume production to come.

KMR just seems too cheap - surely a GLEN or someone takes them out eventually.

Posted at 12/7/2022 07:49 by ukgeorge
Hannam & Partners

Target uplift to 710p (61% upside); attractive 107% FY22-25E FCF yield
We increase our FY22E EBITDA by 10% to US$265m on the back of a 12%
increase in our forecast realised prices for ilmenite and zircon, partially offset
by a 12% cut in forecast shipments. Our FY23E EBITDA increases by 32% on
both higher price assumptions and a catch up in shipment volumes (see table
p4). Also helped by a weaker GBP assumption of US$1.30/£ (vs US$1.37/£
previously), our Dec’22E target increases by ~9% to 710p/share, implying 61%
upside. KMR continues to trade on attractive EV/EBITDAs of 2.0/2.1/3.2x in
FY22/23/24E and a cumulative FY22-25E FCF yield of 107% on revised H&Pe.

Posted at 14/4/2022 09:56 by ukgeorge
Hannam & Partners put a updated note out with £6.50 price targetDespite a 14% share price increase over the last month, KMR continues to trade on attractive EV/EBITDAs of 2.8x/3.4x in FY22/23E on our (conservative) estimates. Our 650p DCF-based target implies 27% upside from KMR's current level, and we retain our positive outlook on the stock as ilmenite and zircon price momentum continues
Posted at 13/4/2022 14:42 by spectoacc
Setbacks always possible - Covid outbreaks, storms, break-downs - but there's a lot in the price with KMR, and if Russia/Ukraine do cause supply shortages (& when the war's over, excess demand on rebuilding), have got to fancy KMR to be a lot higher than here.
Posted at 09/4/2022 15:49 by spectoacc
Added complication of knowing what KMR are actually receiving for theirs.

Then again - Russian & Ukrainian supply is bordering on off-limits, fail to see how the already-strong KMR won't benefit.

But talking own book. If I was eg Glencore, I'd be thinking about a £7.50-8 bid & tying up the production.

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