ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

KMR Kenmare Resources Plc

326.50
12.50 (3.98%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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
  12.50 3.98% 326.50 326.50 329.50 329.50 310.50 310.50 240,209 16:35:26
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Kenmare Resources Share Discussion Threads

Showing 24926 to 24946 of 25275 messages
Chat Pages: Latest  999  998  997  996  995  994  993  992  991  990  989  988  Older
DateSubjectAuthorDiscuss
13/8/2020
11:13
this is a bit better :)
ukgeorge
12/8/2020
12:09
yes it is very annoying, at least it is slowly heading in the right direction.
ukgeorge
06/8/2020
16:23
That's more like it
plat hunter
29/7/2020
10:45
Interesting point MurrayB on potential takeover for 2 reasons. Specific to KMR, the time a major might move would be around the Pilivi move - so they max out on the increased grade benefits. On a wider macro scale, Moz is gearing up for massive FDI in the offshore LNG projects, which will only happen successfully if Govt of Moz commit to the protection of international investors. Eg the Total LNG project requiring $20 billion, currently undergoing financing commitments. Longer term game this one, but highly significant for that part of the world. Southern Africa will have to middle through the power and electricity problems for a good few years yet, despite the bluster and promises increasingly emanating from their Govt. Lots of problems for them to sort out on demonstrating their ability to allow private sector to build capacity... Absolutely massive investment required to be remotely successful, which the more corrupt minded down there will see as opportunity, sadly.
donkey40
29/7/2020
09:49
Agree with Donkey however that it's likely to be low for a while, possibly another six months+, so continuing to hold it represents an opportunity cost against other issues, unless a takeover presented itself.
murraybasin
29/7/2020
08:44
Against future cash flow value below, agreed below £2 is screaming
plat hunter
28/7/2020
23:35
This hit 285p in January 2020 - meaning there was a head of steam building pre-Covid. To my mind it means the big boys were showing an interest and positioning before the year got going with upgrades and Pilivi relocation etc.
Sure, everybody’s wings are a bit clipped by Covid, but in my mind KMR below 2 quid is a screaming BUY !!

However - if it has just become basically a dividend play, then I would suggest there are more exciting stocks to play in PMG space, and biotech space, and probably infrastructure space....

donkey40
23/7/2020
10:24
Added a few more this morning :) surely now is a good time to build a bit of a position
ukgeorge
14/7/2020
14:57
Based on today's production report I'm forecasting breakeven at an EBIT level and a small loss overall, same for the full year which means potentially no dividend especially since there is high capex requirements this year on the WCP B move. They have gone from Net Cash of $13.7m at the YE to net debt of $52.7 at the half-year so $70m negative FCF, although $6m of that is the dividend payment.

Longer term there is still a decent discount to NPV if they can get to the target 1.2mtpa with WCP B on the high-grade Pilivili resource but I think I prefer Base Resources at current levels, similar discount to NPV but near-term FCF at Base is much higher and their capex is more discretionary wih their long-term growth coming from a world-class greenfield resource, rather than committed brownfield expansion.

Of course, Blujay with a market cap of $80m for an early stage unfinanced greenfield project makes both look amazing value though and shows that it is often better to sell the dream to investors than ilmenite to customers!

dangersimpson2
14/7/2020
12:30
Typical trading pattern is it shows a little strength into the quarterly reports and thereafter drifts for a period of time. Given the macro environment, hard to see a reason why the stock will motor upwards - maybe dividend expectations but if there is an interim one it will be token.
donkey40
14/7/2020
12:05
From share price Angel

Kenmare Resources (KMR LN) – 194p, Mkt cap £213m – Ilmenite and rutile production fall heavily through first half
• Kenmare Resources report significant falls in ilmenite and rutile production through the first half.
• Ilmenite production fell 19% in H1
• Rutile production fell 34% in H1
• Zircon production fell 8% in H1 despite a 5% improvement on the first quarter.
• Kenmare now expects to produce 700,000-800,000t of ilmenite in 2020 vs guidance of 800,000-900,000t issued on 9 January.
• Kenmare has net debt of net debt of US$52.7m with cash of US$100m end-June and debt at US$151.3m.
• excavated ore volumes increased by 27%.
• Ilmenite prices rose to $220/t at end February and have held this level despite concerns that a fall in GDP might hit demand
• Lockdowns at some key major producers appears to have exacerbated an already tight titanium dioxide and ilmenite feedstock market.
• Demand may have been supported by Western consumers stripping shelves of paint in the days before lockdown as they prepared to use the time off productively. Sadly I wasn’t able to co-opt any furloughed youngsters into painting my house.
• Major producers are currently seen battling to make up for lost production in what we presume remains a relatively tight market.
• Kenmare “expect the market to be more subdued in the second half of the year, as the pandemic impacts both demand and supply of titanium feedstocks, but the long-term fundamentals for all of our products remain strong.”
• “Strong ilmenite market conditions continued in Q2 2020 and Kenmare has secured offtake agreements for the majority of its ilmenite production in H2 2020”
• Unemployed people in the West generally get out there and pain their houses so don’t be surprised if demand for pigments remains stronger than expected.
• Kenmare raised production of heavy mineral concentrate by 13% yoy to 310,300t in Q2 2020
• Ilmenite production fell 5% to 209,900t in Q2 due to the retreatment of spillage from the prior period.
• Zircon production rose 5% to 11,600t
• Shipments fell 29% yoy to 219,100t in Q2 but rose 13% on Q1
• Coronavirus restrictions caused delays to the relocation of Wet Concentrator Plant B with this expected to restart in in Q4.
• Mozambique now authorising work visas for contractors to site.
• Mozambique remains in a state of emergency despite only nine official coronavirus fatalities. The nation is now in its third 30-day state of emergency which constitutionally can only last for 90 days. In contrast significant casualties are seen in fighting against al-Shabab jihadists in the north where some 700 people have been killed and thousands displaced since the insurgency began two years ago.
Conclusion: Kenmare’s production report and guidance highlights how the Coronavirus lockdowns can impact mining companies and the market. Prevailing high prices for ilmenite and rutile feedstock are symptomatic of an industry which is struggling to meet demand in the face of low inventory levels.

ukgeorge
14/7/2020
08:14
I've just bought 2018@ 196p.
ukgeorge
14/7/2020
07:59
Jolly good thinking, specto. Judging from your previous posts all over ADVFN there are very many more qualified than you.


Not being rude but have you thought of leaving ADVFN and starting your own blog? You could then charge people (possibly) for access to your wisdom?

the air marshall
14/7/2020
06:34
An extended update! Will leave someone with more knowledge to interpret it.
spectoacc
08/7/2020
20:45
There is 1000% no rush !!
donkey40
08/7/2020
14:10
I'd have been inclined to see the numbers, and outlook, before buying back in.
murraybasin
08/7/2020
13:33
all quiet here lads ? bought back in at 199 or so over the last few days - q2 numbers any day now ?
datahead
22/5/2020
17:08
A NED spends £100k on this stock over last couple of days. Can't be a bad sign!!!
albo
14/5/2020
13:26
Thanks Cap. It is hard to see any major projects in Africa proceeding along anticipated timelines due to C19 disruptions. A frustrating continent to do business for sure!
donkey40
14/5/2020
11:36
More generally, thought they would be further ahead but grade drop off has been more severe than I appreciated it would be so production / cash generation is what is. KMR were comfortable enough to add USD 15m capex for Y20 in form of the MSP upgrade which should have a rapid return. Not sure of current timing with ongoing C19 issues. Yesterday did not give any positive outlook for WCP B move and getting people in and out the country. Hoping that if push comes to shove, KMR’s 5% contribution to Moz exports will lead to some exceptions being made although more realistically think greater good will prevail and they will be in same boat as everyone else. Certainly a large risk to plans at present.
caposoka
14/5/2020
10:33
Net cash at year end was USD 13.7m but it fell to net debt at USD 9m at Q1/20 end – ie the slide corresponds to the last trading update.

Reason for fall in cash was that approx. USD 25m of Y19 capex was kicked over into Y20 due to delay in WCP C commissioning, ie year end position was a little flattering.

caposoka
Chat Pages: Latest  999  998  997  996  995  994  993  992  991  990  989  988  Older

Your Recent History

Delayed Upgrade Clock