Kenmare Resources Share Discussion Threads

[mineinterests] 28/11/2024 00:40

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.

[melton john] 13/11/2024 11:06

Is it dawning on investors that Reeves's budget has limited effect if any on this company. It's based in Ireland pays taxes there and works in Africa and presumably pays local taxes there. Seems a perfect arrangement, have I missed anything.

[robmcelf2] 21/10/2024 10:39

Yes you're absolutely right.

[melton john] 21/10/2024 09:16

"Shipments made in the quarter particularly eye catching."

From memory shipments were down because of bad weather affecting loading at the dock, they are catching up now and as they predicted, adding to the following quarter.

[robmcelf2] 17/10/2024 07:22

Have just seen the report on the fatal accident involving the 75 year old - terrible news.

[robmcelf2] 17/10/2024 06:28

Q3 Production report out and looks good to me. On track to hit all metrics for the year. Shipments made in the quarter particularly eye catching. Looking forward to the Q3 financial report! Sounds like Q4 is expected to be strong as well and WCP move all on budget. Hopefully share price should react well to this report. AIMHO, DYOR

[the original goldbug] 14/10/2024 10:41

China stimulus pretty supportive as well IMO.

[parknas] 14/10/2024 10:14

Broker note out today

Kenmare 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

[robmcelf2] 14/10/2024 09:52

Nice little boost to the share price - wonder if it's in anticipation of Q3 production? DYOR

[robmcelf2] 07/10/2024 06:09

Q3 production update scheduled for next week - 17 October.

[robmcelf2] 26/9/2024 15:26

Share price still struggling - need a Good Q3 update

[plasybryn] 06/9/2024 14:20

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 15.00¢

[yellowstoneadvisory] 16/8/2024 14:06

If you missed the HY24 investor presentation you can catch up here.

[robmcelf2] 15/8/2024 16:05

Hopefully KMR now broken out of the recent downtrend. Under a new CEO hopefully we can get back to 4.00+ quite quickly.

[parknas] 14/8/2024 07:17

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.

[yellowstoneadvisory] 12/8/2024 07:05

Management will present the HY results at a webinar on 15 August at 12.30pm. Register here

[robmcelf2] 09/8/2024 12:30

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?

[robmcelf2] 17/7/2024 06:35

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.

[robmcelf2] 22/6/2024 06:46

Sorry to hear about the fatality. I think the share price weakness is because we are waiting to see who succeeds Carville. Hopefully get an update soon...

[creditcrunchies] 20/5/2024 16:54

Mine took ages I had to chase it up

[creditcrunchies] 17/5/2024 07:25

I think dividends get paid today

[neilg2] 10/5/2024 07:50

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.ie/en/companies-and-charities/dividend-withholding-tax/refunds-for-non-residents.aspx

The claim form is here:

hxxps://www.revenue.ie/en/companies-and-charities/documents/dwt/dwt-claim-for-refund.pdf

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.ie/en/companies-and-charities/documents/dwt/dwt-non-res-v2a.pdf

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!

[robmcelf2] 04/5/2024 17:50

AGM this coming week and then divi payment week after. Hopefully rising TI02 prices will help life sentiment towards this share. Be interesting to see who Carvilles successor is...

[robmcelf2] 15/4/2024 16:14

Good to see todays RNS of a small increase in stake from an institutional shareholder. Seems cheap at this price with TIO2 prices firming up IMHO, DYOR.

[robmcelf2] 11/4/2024 13:23

Drop not greater than divi so far which is good sign. Lower Q1 production well sign posted. Should get better from here..