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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
  8.00 1.81% 450.00 445.00 450.00 450.00 441.00 441.00 10,965 16:29:55
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 178.3 16.6 11.0 41.4 494

Kenmare Resources Share Discussion Threads

Showing 24951 to 24971 of 25125 messages
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DateSubjectAuthorDiscuss
20/8/2020
13:39
Not on much volume, but been long overdue IMO.
spectoacc
20/8/2020
12:40
God forbid they would make a huge profit and have to pay tax.
donkey40
19/8/2020
14:37
The results are slightly better than I expected but I think they also raise quite a few concerns: - firstly the PBT is helped by a reduction in depreciation, which has reduced by 10% despite PP&E increasing by 10% since June 2019. Avergae deprecation period is now 30 years - this sounds pretty high for a mine and equipment in Mozambique. - $64m cash outflow in H1 was already known from the production report, but they have a further c$83m capex for H2 and $2.5m dividend payment to fund. Even with H2 cash from operations net debt is likely to be over $110m by year end. - The tax expense and the amount paid has jumped significantly suggesting that any tax losses etc. may have been used up and we may need to factor in significantly higher tax rates going forward.
dangersimpson2
19/8/2020
12:38
Good results roll on £3
ukgeorge
13/8/2020
12:13
this is a bit better :)
ukgeorge
12/8/2020
13:09
yes it is very annoying, at least it is slowly heading in the right direction.
ukgeorge
06/8/2020
17:23
That's more like it
plat hunter
29/7/2020
11:45
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
10:49
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
09:44
Against future cash flow value below, agreed below £2 is screaming
plat hunter
29/7/2020
00:35
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
11:24
Added a few more this morning :) surely now is a good time to build a bit of a position
ukgeorge
14/7/2020
15:57
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
13:30
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
13:05
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
09:14
I've just bought 2018@ 196p.
ukgeorge
14/7/2020
08:59
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
07:34
An extended update! Will leave someone with more knowledge to interpret it.
spectoacc
08/7/2020
21:45
There is 1000% no rush !!
donkey40
08/7/2020
15:10
I'd have been inclined to see the numbers, and outlook, before buying back in.
murraybasin
08/7/2020
14:33
all quiet here lads ? bought back in at 199 or so over the last few days - q2 numbers any day now ?
datahead
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