[ADVERT]
Share Name Share Symbol Market Type Share ISIN Share Description
Kenmare Resources Plc LSE:KMR London Ordinary Share IE00BDC5DG00 ORD EUR0.001 (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.00 -0.23% 430.00 430.00 431.00 431.00 425.00 429.00 67,761 16:29:45
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 178.3 16.6 11.0 39.3 472

Kenmare Resources Share Discussion Threads

Showing 24826 to 24848 of 25125 messages
Chat Pages: 1005  1004  1003  1002  1001  1000  999  998  997  996  995  994  Older
DateSubjectAuthorDiscuss
03/1/2020
19:16
No - but volume didn’t drive it down to well below 200p, so logically we don’t need volume drive it back up above 250p?! This has 350p look all over it - by March/April time.
donkey40
03/1/2020
18:20
Volume's not there, yet.
murraybasin
03/1/2020
01:57
Looks like lift off momentum is building
donkey40
02/1/2020
13:46
I sold 2250 today for 235p and the price goes up ! Go figure ! Hny
datahead
02/1/2020
09:44
Higher prices help lower margins..
spectoacc
02/1/2020
09:38
Isn’t the low product margin the problem that undid the old KMR ....
donkey40
02/1/2020
08:48
Don't get caught up in the 'low value' product argument. It starts to get lost when you look at ILU's Q3 unit cost of A$ 866/t. Their margin is ~ 48%. Kenmare's is ~ 42%. Given the relative complexity of ILU's operations, all of that extra complexity isn't justified for that extra 6%.
murraybasin
01/1/2020
11:53
Conventional wisdom is something is a good buy if bought cheaply. And bad if bought at a high price. But accounting policy and depreciation can help massage expensive buy into a clever buy. Next we had ILU due dilly on KMR. Long life mine was not good enough to overcome acquiring a low value product that needed capex to fix for mine relocation, dredge equipment Capex and opex, more capex to boost overall production, concerns over power supplies. I imagine many of same problems were spotted in SR due dilly so why did ILU proceed anyways? Coz rutile sells for 5-8 times price of ilmenite and then costs to fix SR we’re reckoned to be much less. But what is clear is that ILU management had a big need to do a transaction to Ensure revenue growth was maintained (high value/ margin product strategy in zircon and rutile; not a desire to play in the Low value end of the product market. Dressed up another way, management say strategy is designed to iron out the boom bust cyclical nature of the feedstocks markets. Time will tell on that one.
donkey40
31/12/2019
18:03
HNY greetings and all that. I am still poor thanks to KMR, so really I ain’t much in the mood to big it up. I have long held the view that KMR share price is stage managed to suit others particular outcome. The share price jumped from the 210 range to 230 range last week, on thin volume. That got me thinking. That got me thinking either Oman or M&G wanted it higher at year end - why? Why is easy - gaited funds and all that so pressure elsewhere within M&G to show good year end liquidity and valuations (within reason). Take the ‘look after the pennies’ approach - and year end valuations etc look better than they otherwise might. Then I decided to test the market yday and today. Sold a few shares yday at 235p but there was no appetite for buyers to drive it higher. So today I stuck shares to sell at 234p, 235p, 236, 237p, 237.5p and 238p. 234 went immediately. 235 went after about 40 mins. 1 share of mine (on to sell at 236) went last trade of the day. Year end close 236. That is the level they wanted (235-236). Now I expect it to trade backward quite quickly in first 2-3 weeks January - between 210-220 range. I personally don’t think the exact year end numbers matter - everyone reasonably knows these are within the guidance range. Shipments will dictate the final Revenue figure for 2019 and if this is less than expected, we can expect great attention piled onto outlook for ilmenite in 2020 (started with a bang). Reality here - one mine and a set suit of products to produce and sell. Dominant position in the market. Tough place to do business but they should, by now, know how to co-exist there reasonably successfully. The problems are what management are paid to manage through... It’s all quite boring really !!! HNY
donkey40
26/12/2019
23:47
murraybasin 17Dec19-982: The global 87%TiO2 slag market is picking up with constraints at RioTinto smelters throttling the supply lines. LON:KMR can easily reach the 1m target by FY2021.
kemismelt
23/12/2019
16:46
Still not showing much of a return over the Open Offer restructuring price that Oman and M&G bailed the company out at. M&G may be keen to show performance in other funds given their problems with the property fund (now gaited).
donkey40
23/12/2019
15:45
They should warn more often. Were sellers at 206 on the day.
spectoacc
23/12/2019
12:26
Has anyone been able to establish if the debt refinancing meant that the cash held in the liquidity reserve accounts (a requirement of the banks) has been substantially reduced (maybe even eliminated) ? That in itself was a good enough reason to refinance. Everyone always focussed on the Net debt position - however that was a disguise of sorts. There was no right of set-off between the o/S gross debt balance and the cash reserve accounts. Because of that, the company had to bring the gross debt figure well down before (I imagine) banks would have consented to major dividend payout. So it really isn’t surprising they refinanced around now - doubt they could have done it any sooner either. Leaves 2020 to concentrate on the Pilivi relocation and work other production assets and power supply to ensure they hit guidance targets. Sales doesn’t seem to absorb huge amounts of management time.
donkey40
20/12/2019
15:13
Now higher than pre "warning". :))
spectoacc
17/12/2019
18:19
It clearly is being covered by stock on hand per the RNS. They are still planning to ship over one million tonnes.
murraybasin
17/12/2019
16:06
Agree - why report a production guidance miss one week before end of the year? Seems like an oversight almost, and just picked up. 3% below bottom end of guidance - surely that can be covered by Stock on hand.
donkey40
17/12/2019
12:13
"Whilst total cash operating cost guidance remains unchanged (US$151-167 million), cash operating cost per tonne guidance is revised to US$160-165 per tonne from US$150-160 per tonne, due to reduced production volumes." So yes, from a pedantic point of view, costs are the same - but same costs to produce less = rise in costs!
spectoacc
17/12/2019
09:55
Negative on production, not costs. Costs are largely fixed so while the unit cost over lower production is higher, the costs are the costs. Then you have the sale of finished product stock over and above production. Q4 shipments are likely to be a new record if guidance is that FY shipping will be over 1m tonnes.
murraybasin
17/12/2019
09:53
I agree it's not too bad if pricing environment remains positive and they can ship from inventory. Hence modest share price reaction. But it's pretty poor to report a production miss so late in the year. Good luck to all LTHs.
petomi
17/12/2019
09:03
Negative on both production and costs, but then again - sufficiently cheap to probably not be well down for long. Titanium pricing also a positive.
spectoacc
12/12/2019
23:11
Pretty much the same thing. Tbh, I need to study the RNS and numbers in much greater detail and get a proper understanding of meaning and impact. But it did seem to me that one replaces the other, and they have capital repayment holiday for 2 years. 1 year to complete expansion plans and pay with debt drawdown; 1 year to generate FCF to bring drawdown back in line - ending up back in current position where debt level is not excessive (in my mind anyways).
donkey40
12/12/2019
18:58
Donks, when you mention rehabilitation costs, are you talking about the mine closure provision, or rolling rehabilitation which should already be part of the costs they account for? I believe there has always been a mine closure provision of some sort. What may be different here is that it needs to be guaranteed as a security on the debt refinancing. Coming from someone who knows FA about accounting as you know.
murraybasin
12/12/2019
07:40
Mind you, once Base are fully in the game with Toliara project, there will be stiff competition. They are claiming: Capes $520m; 814k tonnes ilmenite for first 26 years; Annual FCF $140m same period; NPV $652m over 33 year Mine life; Average revenue to cost ratio 3.15 times. Heady numbers !
donkey40
Chat Pages: 1005  1004  1003  1002  1001  1000  999  998  997  996  995  994  Older
ADVFN Advertorial
Your Recent History
LSE
KMR
Kenmare Re..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210928 01:42:26