Kenmare Resources Share Discussion Threads

[johnrxx99] 26/3/2021 07:00

senior moment

[yellowstoneadvisory] 25/3/2021 12:12

Kenmare management presented their FY results at the Yellowstone Advisory webinar. Links below for the recording and the write up

Webinar recording: hxxps://youtu.be/rh-N3EuTHVs
Webinar write up: hxxps://www.yellowstoneadvisory.com/post/kenmare-2020-a-year-of-transition-2021-a-year-of-stronger-cash-flow

[johnrxx99] 25/3/2021 07:31

pdo, agree, they just missed a bit this year. Next two years should see eps of 91 and 83 cents and divi more than double.

[pdosullivan] 24/3/2021 16:38

Davy has Kenmare on less than 4x EV/EBITDA and less than 6x PE. The balance sheet is in great shape with 2020 net debt at just 0.8x 2020 EBITDA despite very heavy capex of $139m last year. Davy says 2021 EBITDA will be above $160m while management guide capex of $58m. Free cash should therefore be c. $100m absent any funnies which compares to a market cap of only £428m or $$588m. This stock looks like a bargain to me.

[johnrxx99] 24/3/2021 07:49

Results are below average forecasts by about 10%, pretax and eps. 26.24 v 22.75 and 16.74 v 15.00

Market will today test managements forecasts I suspect. Fingers crossed.

[yellowstoneadvisory] 24/3/2021 07:21

KMR FY inline, guidance reiterated. Divi raised 20%, and higher confidence in long term prospects reflected in commitment to raise payout to 25% of PAT from 20%. Pricing improved in 2020 and momentum has accelerated in the past few months.

There is a webinar later today at 5.15 when MD Michael Carvill and Head of Corporate Development and Investor Relations will be presenting and answering your questions.

Register: hxxps://us02web.zoom.us/webinar/register/5116142671285/WN_aO_FcjIvR7SWma7ImTI7tQ

[dogwalker] 19/3/2021 12:30

Results next week,Weds.. Maybe we'll get a bit closer to the moon after then.

[ukgeorge] 19/3/2021 12:07

Hannam and partners price target £5.40

[dogwalker] 11/3/2021 17:12

Just the UT trade at the end which dragged us back the way. Never mind : tomorrow's another day.

[andyf987] 11/3/2021 13:32

Nice to be rewarded for being a patient investor.

[dogwalker] 11/3/2021 12:41

Great to see.

[dogwalker] 11/3/2021 12:41

'Actual' for now at least, led by all those AT trades.....

[ukgeorge] 11/3/2021 12:23

potential breakout

[dogwalker] 03/3/2021 14:48

Hope so !It's been heavy going these past 2 months.

[ukgeorge] 03/3/2021 13:00

must be close to a breakout higher :)

[yellowstoneadvisory] 26/2/2021 09:55

KMR FY results on Wednesday 24th March, webinar for private investors 17:15 that day.
Presentation and Q&A with Michael Carvill MD and Jeremy Dibb Director of Corporate Development and IR
Register
hxxps://us02web.zoom.us/webinar/register/5116142671285/WN_aO_FcjIvR7SWma7ImTI7tQ

[dogwalker] 25/2/2021 11:26

Single share sells could be a problem....

[dogwalker] 25/2/2021 10:07

The move has been up a touch so far on the back of these micro-trades so you may well be right.

[ukgeorge] 25/2/2021 09:44

The chart looks very positive for the next move up :)

Who knows on the 1 share purchases, sometmes people say it is a sign a broker is short of stock. but who knows if that is an Urban mith or holds water.

[dogwalker] 25/2/2021 09:40

Bizarre pattern of trades today - strings of single share purchases....What can it all mean?!

[andyf987] 13/1/2021 09:04

Re-rating. I don’t think 2021 will be a binary outcome of make or break but if they are remotely close to targets and the economy gets back on track then the share price will need to rise a long way from where it is now.

[johnrxx99] 13/1/2021 08:44

2021 will make or break. If the former, whoosh!

[spectoacc] 13/1/2021 08:28

KMR got a 460p broker price target this morning. RNS didn't seem all positive but the shares like it :)

[spectoacc] 11/1/2021 20:20

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 :)