| Date | Subject |
|---|
13/1/2021
08:28 | spectoacc: KMR got a 460p broker price target this morning. RNS didn't seem all positive but the shares like it :)
|
11/1/2021
20:20 | spectoacc: Thanks @UKGeorge, can tell I'm going to like that just from the title - notwithstanding Tesla went up for 11 consecutive days after that video..
KMR chart starting to look like Tesla's was, and long may it continue - KMR is cheap :)
|
07/1/2021
10:00 | andyf987: I know what you mean. I’ve actually pretty much done that with a different stock and to a lesser degree with KMR. One life and I really want my freedom to choose how I spend my time.
|
05/12/2020
20:51 | donkey40: Like I say, the intellectual opinion is no new equity required. But what if KMR doesn’t wish to remain a one trick pony.
But if I had to bet, 2021 is all about hitting 1.2m output and ironing out the wrinkles. That allows the world to see the post covid horizon.
But they drew down debt lines as covid started to bite, so does that need to be reduced before the special dividend previously flagged can be paid. Interesting and nice problems for the ‘new’ shareholders to have; personally I don’t see share buybacks in the next few years.
|
04/12/2020
21:55 | pdosullivan: In terms of surplus capital, I thought it was interesting that KMR sought shareholder approval for buybacks for the first time at its last AGM. At the current sub-5x forward earnings multiple it's a no brainer to repurchase stock here.
|
04/12/2020
20:28 | donkey40: Net debt isn’t gross debt. The cash surplus is for emergencies in loan repayment - and there has been a lot of chat previously about a special dividend at some point.
But intellectually you are correct - no obvious need for a small equity raise.
|
26/8/2020
08:08 | caposoka: Hi Donkey, trust you and others on here are well. Agree with your post only that it must be extremely unlikely they will go down this route of issuing shares. At H1 presentation, KMR did not officially give guidance on future net debt but FD referred to consensus estimates of 75M at year end. Well within their facilities. After the WCP B move, extra cash flow to lead to either special dividends or share buy-backs. They will not issue now only to buy back in short term. Also, loan interest would be cheaper than cost of placing and buying back shares so financially do not see a benefit.
|
28/7/2020
23:35 | donkey40: This hit 285p in January 2020 - meaning there was a head of steam building pre-Covid. To my mind it means the big boys were showing an interest and positioning before the year got going with upgrades and Pilivi relocation etc.
Sure, everybody’s wings are a bit clipped by Covid, but in my mind KMR below 2 quid is a screaming BUY !!
However - if it has just become basically a dividend play, then I would suggest there are more exciting stocks to play in PMG space, and biotech space, and probably infrastructure space....
|
14/7/2020
14:57 | dangersimpson2: Based on today's production report I'm forecasting breakeven at an EBIT level and a small loss overall, same for the full year which means potentially no dividend especially since there is high capex requirements this year on the WCP B move. They have gone from Net Cash of $13.7m at the YE to net debt of $52.7 at the half-year so $70m negative FCF, although $6m of that is the dividend payment.
Longer term there is still a decent discount to NPV if they can get to the target 1.2mtpa with WCP B on the high-grade Pilivili resource but I think I prefer Base Resources at current levels, similar discount to NPV but near-term FCF at Base is much higher and their capex is more discretionary wih their long-term growth coming from a world-class greenfield resource, rather than committed brownfield expansion.
Of course, Blujay with a market cap of $80m for an early stage unfinanced greenfield project makes both look amazing value though and shows that it is often better to sell the dream to investors than ilmenite to customers!
|
26/4/2020
22:04 | donkey40: Omanis are basically the owners of KMR and given the country’s wealth is generated from gas, I feel they are a solid partner for KMR ahead. As long as KMR keeps generating cash over the years (short term blip is ok) to pay dividends. And that seems to be all that KMR is now - a one trick pony to generate cash and reward the shareholders who bailed the company (and current mgmt) out.
The 30% and 20% shareholders simply can’t start drip feeding their shares into the market and hope no one notices. With EIB gone, question is who is buying.
Plus we might get to see 150p ahead ... Maybe even 120p if things turn really nasty.
|
PLUS1
