Kenmare Resources Share Discussion Threads

[ukgeorge] 14/4/2022 10:56

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

[spectoacc] 14/4/2022 08:26

All a bit "in line" I thought, but when on such a low rating, perhaps no bad thing.

[robmcelf2] 14/4/2022 08:14

Decent price rise despite poor weather challenges in Q1 and therefore delayed shipments..

[ukgeorge] 13/4/2022 20:02

Should have a decent run now

[spectoacc] 13/4/2022 15:42

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.

[robmcelf2] 13/4/2022 12:23

Nice to break the 500p mark..

[robmcelf2] 10/4/2022 10:12

Should be Q1 production update this week..

[spectoacc] 09/4/2022 16:49

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.

[786spider] 08/4/2022 17:22

Does anyone know of anywhere we can keep track of ilmenite market price?

[robmcelf2] 08/4/2022 16:19

Nice update on sustainability. The 90% of energy use from renewables is impressive..

[robmcelf2] 06/4/2022 20:44

Berenberg raises Kenmare Resources price target to 670 (620) pence - 'buy'

[ukgeorge] 01/4/2022 10:48

A little higher and these will be on there way to £7-8

[ukgeorge] 30/3/2022 16:20

Surely these are due a rerate of a few pounds per share

[ukgeorge] 30/3/2022 16:20

Nice little rise

[rjmahan] 29/3/2022 18:36

Buybacks are more tax efficient.

[soitopdog] 29/3/2022 17:18

Also on the Yellowstone webinar at the end there was a W&A and the board policy was to give share holders all excess profit back by first choice share buy back if the share price was favourable
Second choice was Divided payment
But also paying of some of the dept
Personally I think it a great policy the more shares they can burn the better the dividend payments in more leaner time's

[pdosullivan] 29/3/2022 13:24

I would not disagree with the quantum but I wonder if a directed buyback from the African Acquisitions SWF may be the form that this hypothetical return of capital takes. In the recent results the Group also flagged an upcoming buyback targeting small shareholders who hold their shares in certificated format.

[soitopdog] 29/3/2022 12:23

Keeping the share price low to buyback more of its own shares
Expecting a 10 million share buy back in December at around 500a share IF they can keep the share price low

[ukgeorge] 29/3/2022 08:14

Looks like it is the start of the next leg up

[melody9999] 27/3/2022 22:50

just taking a first look at this and struggling to understand why this company is rated so lowly. Clearly some jurisdiction risk and a single mine operation. Other major risks???

[yellowstoneadvisory] 24/3/2022 09:20

#KMR – if you missed the recent kenmare resources webinar when MD Michael Carvill and IR Jeremy Dibb presented the record FY results a recording can be viewed here.



There is also a write up here

[ukgeorge] 23/3/2022 13:23

I'd prefer an increase in dividends over share buybacks. Interesting call at the moment.

[spectoacc] 23/3/2022 13:17

Agreed, tho judging by the last buyback, are still some shareholders looking for the exit (probably from long-ago restructuring).

[ukgeorge] 23/3/2022 12:45

Cash flow per share 146p nice.

I hope they increase dividends long term over share buybacks

[yellowstoneadvisory] 23/3/2022 08:15

#KMR – Record FY results comfortably ahead of consensus: Revenues +87%, EBITDA +182%, Dividend +227%. End market pricing continues to improve and 2022 guidance reiterated.

Webinar with management at 12.30pm today. Register