Kenmare Resources Share Discussion Threads

[adamsouthwest] 15/10/2014 17:23

hxxp://imarketreports.com/ireland-calendar-of-corporate-events-month-ahead-7.html

You need to change the hxxp to http!

[adamsouthwest] 15/10/2014 17:21

hxxp://imarketreports.com/ireland-calendar-of-corporate-events-month-ahead-7.html

[korkikorki] 09/10/2014 12:34

Iluka IMS due on the 16th October, apparently.

[malinkie] 09/10/2014 11:48

A Man for all Seasons - Silence. Silence gives consent and hopefully this silence means giving consent to Ilukas proposal or a newer slightly higher negotiated one. Moma suits Ilukas portfolio well and keeps them ahead of the game. Lets wait and see.

[amj321pixiebristol] 09/10/2014 11:34

Its all very quiet from KMR, I guess there's no telephone in the bunker ?

[lazygun] 09/10/2014 09:24

how do you see the elections in mozambique effecting kenmares interests there ravenheart?

[ravenheart] 08/10/2014 16:56

Next week's election in Mozambique may have something to do the share price decline too.

[indian3] 08/10/2014 15:04

To answer your Q on why IIs don't do nothing.
Its not their money. Simple.
It's the ordinary Joe Public's money who work hard everyday and put money in a pension pot for these guys to invest and if it goes right for fund managers great pats all round along with large bonuses. If underperformed on markets, oh well the person retiring gets a much smaller pension allowance.
Sorry guys we tried but the markets went against us. That is the norm in the financial markets.
Sad but true

[ravenheart] 08/10/2014 14:53

Another new low ...7.5p !

Looks like Kenmare share price is sliding inexorably to zero without so much as a squeak out of the BoD.

To think the tentative Illuka approach offer (firmly rejected by the BoD) was 16p ish and yet with the share price at 7.5p now they say nothing. I do not understand how the II's here are happy to let this continue having stumped up nearly 4x the current share price in a placing 12 months ago.

Better to take the offer and move on elsewhere.

[korkikorki] 07/10/2014 16:23

It is almost 12 months (to the day) since 250 million shares were Placed at 26.5p. That was done at a very modest discount to the then market price!

Now nobody seems to want them at 8p..........................

[donaferentes] 06/10/2014 13:19

AdamSW - also bear in mind KMR transferred to the LSE as its primary listing some time ago - so those rules may be more pertinent.

[ravenheart] 05/10/2014 15:35

Call me old fashioned but if the original offer had any likelihood of actually happening then the KMR share price would not be trading where it is now.......some 50% lower.

AIMHO

[adamsouthwest] 05/10/2014 07:24

I forgot to add that there have been numerous articles in various languages and publications reporting the potential link up all within the last week or so. Just Google "Kenmare and Iluka" and use a one month time frame to see a selection.

[adamsouthwest] 04/10/2014 19:51

I have been doing a bit of digging around in the Irish Takover Panel Rules and it seems that:

If notifcations are still being made under Rule 8.3 and Rule 38.5(a) then the "possible offer" made in June is still current and has not under the Rules been withdrawn or has yet to become "time expired.".
The Rules seem quite clear that an offer remains on the table and subject to review until it is withdrawn or a firm offer is made or the Panel places a time limit on this process after which the whole matter fails by default having "time expired"
My interpretation is that whilst Notications under Rules 8.3 and 38.5 (a) are still being made then this is very much "work in progress".

[adamsouthwest] 04/10/2014 10:49

For what its worth the volume on Friday was the highest for some time.
No idea if this has any significance.

[sg31] 03/10/2014 15:17

In that case expect them to give themselves a new bonus scheme forthwith.

[maljrog] 03/10/2014 15:16

NO the only crumb of comfort being all the director share schemes are probably worthless.

[sorksandnorks] 03/10/2014 14:11

With reference to my post above (23144), we are now sub 8.5p - a new one-year low and almost an all-time low. Yet still no word from Kenmare in more than 3 months - do they care about their shareholders?

[sorksandnorks] 01/10/2014 16:20

imelda - many thanks for the analysts' update but are you sure they are talking about our Kenmare and not someone else's? An average target price of 22.29p seems extremely "pie in the sky" to me compared to our current 9.35p (and falling) situation. Now if they'd said 2.229p I wouldn't have questioned it!

[imelda] 01/10/2014 14:15

Kenmare Resources plc (LON:KMR) traded down 1.06% during mid-day trading on Monday, hitting GBX 9.845. 2,474,384 shares of the company’s stock traded hands. Kenmare Resources plc has a one year low of GBX 8.847 and a one year high of GBX 29.29. The stock’s 50-day moving average is GBX 11.64 and its 200-day moving average is GBX 12.75. The company’s market cap is £273.9 million.
KMR has been the subject of a number of other recent research reports. Analysts at VSA Capital reiterated a “hold” rating on shares of Kenmare Resources plc in a research note on Wednesday, August 27th. Separately, analysts at Westhouse Securities reiterated a “buy” rating on shares of Kenmare Resources plc in a research note on Wednesday, August 27th. They now have a GBX 20 ($0.32) price target on the stock. Finally, analysts at Westhouse Securities reiterated a “buy” rating on shares of Kenmare Resources plc in a research note on Friday, August 1st. They now have a GBX 20 ($0.32) price target on the stock. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Kenmare Resources plc has a consensus rating of “Buy” and an average price target of GBX 22.29 ($0.36).
Kenmare Resources plc (LON:KMR), along with its subsidiaries, is engaged in the operation of the Moma Titanium Minerals Mine (Moma) in Mozambique.

[amj321pixiebristol] 30/9/2014 16:49

The way things are going, Iluka will come back with a lower bid, but this time the II's will jump at it !

[napoleon 14th] 26/9/2014 09:48

I suspect Iluka are going to wait the six months, then pitch another offer at a new lower price. The (lack of) moves in share price don't hint at any stake building.

[malinkie] 25/9/2014 12:16

At this level, Iluka accountants got to be thinking about another bid. Their new projects don't look anywhere near as good as the Kenmare mine.

[sorksandnorks] 24/9/2014 13:49

It's now almost 3 months since Kenmare informed us on 26th June 2014 about the "possible offer" from Iluka Resources and told us they had "rejected Iluka's proposal" but would keep us informed of any "relevant developments".

Since then - not a word!

The only thing that is happening is that the shareprice continues to slide inexorably towards its all time low. Come on Kenmare - please remember that you have shareholders - what exactly is going on?