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Share Name Share Symbol Market Type Share ISIN Share Description
Kenmare Resources Plc LSE:KMR London Ordinary Share IE00BDC5DG00 ORD EUR0.001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  6.00 2.62% 235.00 230.00 233.00 235.00 229.00 235.00 9,244 16:35:18
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 204.3 37.7 30.9 7.3 258

Kenmare Resources Share Discussion Threads

Showing 24976 to 24994 of 25000 messages
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DateSubjectAuthorDiscuss
16/9/2020
16:04
Target 440 pence by end of year - yes please. Took a look at the cash flow numbers and the one I couldn’t reconcile was their estimates of changes in working capital. But - the trend is your friend ... and this is trending the right way for time being.
donkey40
16/9/2020
12:10
it is a Jazz day!!!
ukgeorge
15/9/2020
08:51
Still some execution risk, but they sounded confident this morning. Couldn't get the animation link to work tho.
spectoacc
09/9/2020
20:43
looks like this is getting ready for the next leg up imo (just from the chart)
ukgeorge
26/8/2020
10:10
Hi Cap. All good thanks. I wasn’t suggesting they will issue new shares; rather just saying it was an option in the event the mine doesn’t kick into the cash generating mode in the way MC flagged when positioning the 3 expansion projects. A horizon risk I sense will be M&G and their needs. Maybe this can be solved by moving the shareholding from Recovery Fund to Income Fund, but life Problems are seldom so simply solved in my experience.
donkey40
26/8/2020
09:08
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.
caposoka
25/8/2020
17:21
I note some posters showing concern at the level of debt taken on here to complete the 3 expansion projects. If ever needed, the issue of 10-20 million new shares (109m in current issue) would not exert great pressure on operating metrics and hence I reckon would be really well received by the market. Remembering also they drew down working capital facilities very very early in Covid days - that showed astute awareness imo; memories presumably are long in the mind of the management team of the unfolding mess of 6-7 years ago. Of more concern to me is that the strategy seems to simply continue being a one trick pony. Admittedly a very efficient one trick pony - and maybe this is a function of age of Carvill and McCluskey, who are on other side of 60 now. So maybe they want an easier end to their careers here - leaving global domination to the next mgmt team coming in (whenever that might be). PS I expect increasing market related volatility in the months ahead, so before WCP-B is all bedded in, we may get another run at 2 quid entry level before the widely expected significant uptick here.
donkey40
21/8/2020
15:13
Hilarious my sides are splitting. You should do stand up.
ukgeorge
20/8/2020
13:55
decided to sell 2k got 234p, hopefully I will be kicking myself in a week or two when they are much higher :)
ukgeorge
20/8/2020
13:39
Not on much volume, but been long overdue IMO.
spectoacc
20/8/2020
12:40
God forbid they would make a huge profit and have to pay tax.
donkey40
19/8/2020
14:37
The results are slightly better than I expected but I think they also raise quite a few concerns: - firstly the PBT is helped by a reduction in depreciation, which has reduced by 10% despite PP&E increasing by 10% since June 2019. Avergae deprecation period is now 30 years - this sounds pretty high for a mine and equipment in Mozambique. - $64m cash outflow in H1 was already known from the production report, but they have a further c$83m capex for H2 and $2.5m dividend payment to fund. Even with H2 cash from operations net debt is likely to be over $110m by year end. - The tax expense and the amount paid has jumped significantly suggesting that any tax losses etc. may have been used up and we may need to factor in significantly higher tax rates going forward.
dangersimpson2
19/8/2020
12:38
Good results roll on £3
ukgeorge
13/8/2020
12:13
this is a bit better :)
ukgeorge
12/8/2020
13:09
yes it is very annoying, at least it is slowly heading in the right direction.
ukgeorge
06/8/2020
17:23
That's more like it
plat hunter
29/7/2020
11:45
Interesting point MurrayB on potential takeover for 2 reasons. Specific to KMR, the time a major might move would be around the Pilivi move - so they max out on the increased grade benefits. On a wider macro scale, Moz is gearing up for massive FDI in the offshore LNG projects, which will only happen successfully if Govt of Moz commit to the protection of international investors. Eg the Total LNG project requiring $20 billion, currently undergoing financing commitments. Longer term game this one, but highly significant for that part of the world. Southern Africa will have to middle through the power and electricity problems for a good few years yet, despite the bluster and promises increasingly emanating from their Govt. Lots of problems for them to sort out on demonstrating their ability to allow private sector to build capacity... Absolutely massive investment required to be remotely successful, which the more corrupt minded down there will see as opportunity, sadly.
donkey40
29/7/2020
10:49
Agree with Donkey however that it's likely to be low for a while, possibly another six months+, so continuing to hold it represents an opportunity cost against other issues, unless a takeover presented itself.
murraybasin
29/7/2020
09:44
Against future cash flow value below, agreed below £2 is screaming
plat hunter
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