Kenmare Resources Share Discussion Threads

[robmcelf2] 09/1/2023 16:09

Hoping for a positive update hopefully this week on Q4 production.

[podgyted] 08/1/2023 18:58

The guidance set-back was minimal - the important bit was the confirmation of record shipments which drives revenue and profit.

Anyway, we'll see when the TU comes out on 18/1.

[robmcelf2] 25/11/2022 10:47

Nice bounce back after guidance setback..

[spectoacc] 04/10/2022 08:04

"Following the implementation of the Odd-lot Offer, the number of certificated shareholders has been reduced by approximately 81.37 per cent. (3,114 shareholders)."


People still have share certificates?

[spectoacc] 26/9/2022 09:58

Bought just a few to add to holdings - costs likely up, recession may cause prices/demand to fall, but - $ earner, priced in £'s.

[ukgeorge] 18/8/2022 12:28

I think they are being very sensible and long may it continue. Share buy back, increased dividend and reduced debt its pretty good.

Long mine life, low debt, good profits.

[billyton1] 18/8/2022 12:18

........but poor dividend reward for shareholders from a company generating lots of cash?

[ukgeorge] 18/8/2022 12:08

Good investor presentation.

[ukgeorge] 17/8/2022 08:17

Hannam and Partners target price £7.10

[yellowstoneadvisory] 17/8/2022 06:54

Kenmare have released an excellent of HY figures this morning with record revenues announced. Profits, cash generation and the dividend announced are impressive. A few highlights below:

- Record H1 revenues of $182.1m, an increase of 9%
- Record Average price received of $429, a 52% increase
- EBITDA $105.5m, a 28% increase
- Dividend of USc 10.98 an increase of 51%
- Net debt reduced to $65.5m

Strong market demand for Kenmare products continuing into Q3. Prospects for a strong second half are encouraging as production and shipments improve.
Mgmt present 18/8 at 12.30 Register

[ukgeorge] 17/8/2022 06:10

Some great results

[yellowstoneadvisory] 13/8/2022 15:03

#KMR - FY results 17/8. Management present at 18/8 12.30pm

Register:

[ukgeorge] 10/8/2022 11:05

Presentation on the 18th August

[soitopdog] 02/8/2022 14:12

It's the shipping that need to increase that = sales we got a lot of stock sitting on the dock it's as already cost the company to produce so will eat into this H1 profit
I'm looking at about 60million profit this half minus 18 million for the RUPS generators only 2 weeks to wait for results

[spectoacc] 14/7/2022 06:36

Lol @UKGeorge. And if they can get production up whilst prices stay strong, we'll be off to the moon.

[robmcelf2] 14/7/2022 06:29

Be good to see the Bronagh J barge back in action next month which should help to normalise shipment levels.

[ukgeorge] 14/7/2022 06:09

Results, even when they are bad they are good :).Production and sales down, but higher prices helping, great company.

[spectoacc] 12/7/2022 07:52

Interesting, thanks. So Ilmenite & zircon are holding up (likely helped by Ukraine disruption), & perhaps catch-up volume production to come.

KMR just seems too cheap - surely a GLEN or someone takes them out eventually.

[ukgeorge] 12/7/2022 07:49

Hannam & Partners

Target uplift to 710p (61% upside); attractive 107% FY22-25E FCF yield
We increase our FY22E EBITDA by 10% to US$265m on the back of a 12%
increase in our forecast realised prices for ilmenite and zircon, partially offset
by a 12% cut in forecast shipments. Our FY23E EBITDA increases by 32% on
both higher price assumptions and a catch up in shipment volumes (see table
p4). Also helped by a weaker GBP assumption of US$1.30/£ (vs US$1.37/£
previously), our Dec’22E target increases by ~9% to 710p/share, implying 61%
upside. KMR continues to trade on attractive EV/EBITDAs of 2.0/2.1/3.2x in
FY22/23/24E and a cumulative FY22-25E FCF yield of 107% on revised H&Pe.

[ukgeorge] 28/6/2022 07:19

Nice to see these bouncing back

[robmcelf2] 03/5/2022 17:39

Nice positive reversal today after share price dropped to about 456 to end at 487- maybe the seller has cleared out now? All imho and dyor

[robmcelf2] 28/4/2022 14:26

Be good to get an update from KMR on their RUPS - the uninterruptible power supply - as it was due for completion in Q1 I believe?

[ukgeorge] 19/4/2022 17:00

Nice little run today, shouldn't be much resistance over the next few days £6-£7 looks likely to me :)

[ukgeorge] 14/4/2022 09:56

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 07:26

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