Share Name Share Symbol Market Type Share ISIN Share Description
Kenmare Resources Plc LSE:KMR London Ordinary Share IE00BDC5DG00 ORD EUR0.001
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 197.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
197.50 199.50 0.00 0.00 0.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 204.30 37.67 30.92 6.0 217
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 197.50 GBX

Kenmare Resources (KMR) Latest News (1)

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Kenmare Resources (KMR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-07-13 15:35:15197.50198391.05UT
2020-07-13 15:29:20197.504079.00AT
2020-07-13 15:29:20197.503773.08AT
2020-07-13 15:28:08197.50122240.95AT
2020-07-13 15:27:21197.502345.43AT
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Kenmare Resources (KMR) Top Chat Posts

Kenmare Resources Daily Update: Kenmare Resources Plc is listed in the Mining sector of the London Stock Exchange with ticker KMR. The last closing price for Kenmare Resources was 197.50p.
Kenmare Resources Plc has a 4 week average price of 192.50p and a 12 week average price of 168.50p.
The 1 year high share price is 292p while the 1 year low share price is currently 138p.
There are currently 109,736,382 shares in issue and the average daily traded volume is 44,809 shares. The market capitalisation of Kenmare Resources Plc is £216,729,354.45.
donkey40: Share price strength allied with Low trading volume suggests transfer of EIB position is continuing stealthily.
donkey40: Both EIB and Aberforth have been remiss in their filings. Also, the volumes through the market do not support their change in shareholding’s, with EIB down 4m shares (and presumably still selling) and Aberforth filing your day they hold 4.8m shares. What is the point of a publicly traded market if companies can seemingly circumvent the rules on notifications and thresholds. The share price strength past couple days is however good to see. And also unexpected.
donkey40: Yes, on a stretched short term to a medium view, I agree !! Markets will, I believe, be subject to periods of heightened volatility ahead - both before and after lockdown ends. With shares here held tightly by 5 big players, maybe there will be days ahead where the share price drops again on relatively light volume to the 150p level short term (could be margin positions being unwound).
donkey40: He does seem to like to hark back to 3+ years ago when posters were having a bit of fun predicting the future share price level. Surely he can move on ... or does his profile name give a strong steer to his political allegiance?! Derry’s Walls and No Surrender are clear signals of an ability for long remembrance and a fondness for history battles....
donkey40: With a bit of luck, fear and anxiety over covid will drive the short term share price down again to 150p level. Then it is the steal of the century !! Crazy gang on LSE posting and bickering about who was right .... and some are moaning about KMR management drawing down the balance of debt facilities. Plain and simple, that was the smart and clever thing to do !! The longer this outbreak go on (and it really hasn’t yet started in Africa), the harder it will be to get cash from banks as others will increasingly draw down cash reserves. What the short term price is - nobody knows. But taking the longer term view - we may already have a great entry (or average down) price. And that could get even better in the near term days ahead.
donkey40: I like that share price nudging again to test and hopefully breach 240p level. If that holds, I see a run to 270p range.
donkey40: 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: NoSir, I will venture my guess at what is wrong with your strategy theory to ignite the share price. They may well be in a net cash positive position now thanks to strong EBITDA performance over past 18 months. However there is no right of set-off between the Lender debt of $100m (repayable over specified 5 year term) and the working capital cash requirements the Lenders stipulated must be held in Maintenance Reserve (and other) accounts whilst the gross Lender debt remains outstanding. The fact that you don’t even know about these Lender type requirements in Project Finance arrangements, which is now how KMR debt is packaged post the $275m refinancing package in 2015/16, pretty clearly demonstrates you don’t have a clue as to capital management or balance sheet management plans. (The debts previously were under Development Finance arrangements - by no means identical to Project Finance lending terms.) For KMR, the $100m lender debt is cheap money at around 5% coupon, and very likely any delta savings achievable on refinancing would be lost on the bank fees payable upfront to secure agreement. Hence - No point to refinance then! As for share buybacks - that would further reduce an already very tight liquidity pool of shares. To my mind, once the current schedule of work to optimise mine production and relocate to Pillivili is at or near far end of the runway, it will be time for KMR to look at expansionary diversification projects. Ie use their strong balance sheet and strong and financially secure position to go buy something. At the same time, near completion of above work means the For Sale sign is also an obvious outcome of all the ‘Mike has fixed it’ work these past few years. It would seem to me that you only understood the first half of your own investment strategy for KMR when you decide to stick the certs in the bottom drawer. And to constantly keep telling us how clever you were to do so, without appreciating the other half - well again you don’t emerge look so clever to those of us that perhaps look at this company through different lenses. Those past share price predictions were nothing more than a bit of fun whilst we had to sit back and wait for real progress to get going and become embedded. We all moved on from those long time ago; suggest you do as well. Remember even the good reverend changed his mind and agreed to sit at the table with MMcG .....
donkey40: Well if Brexit impacts meaningfully on KMR share price, there is not much point of idiots like us trying to punt the markets... And DT rhetoric, well that is designed to Make America Great Again, so that leads to domestic consumption (not regression). Ie increased demand for paint. So, sorry, but all this market rhetoric and justification. - sorry but it doesn’t work for me in terms of why KMR share price is ‘stuck’
wacker101: I generally follow the graphs. 27/07/16 Share price 225p after re-organisation etc 22/09/16 Share price hit 366p before falling back to 241p (21/11/16) 2 month fall 20/01/17 Share price hit 344p before falling back to 270p (03/03/17) 2 month fall 21/03/17 Share price hit 320p before falling back to 239p (23/06/17) 3 month fall 27/09/17 Share price hit 345p before falling back to 205p (25/04/18) 9 month fall 17/05/18 Share price hit 251p before falling back to 212p (03/07/18) 2 month fall 03/09/18 Share price hit 253p before falling back to 211p (13/11/18) 2 month fall History suggests we are at or around the lows but the only visible high going forward is back around the 250p by the end of January. The average rise after a fall is around 30% which would take us to 275p but the last 2 rises only hit 250p which is a 20% rise from the low. I don't like using figures in isolation but factoring in the book price the share price should be:- 27/07/16 260p approx. 22/09/16 344p approx. 20/01/17 378p approx. 21/03/17 498p approx. 27/09/17 612p approx. 17/05/18 445p approx. 03/09/18 450p approx 13/11/18 421p approx. How it gets to the approximate book price is a mystery. I think a catalyst is required. The future dividend may provide an uplift due to more interest in the stock from Income funds due to low book price and p/e ratio. The only other mining share I could find with similar share statistics is Petropavlovsk PLC. Not sure of it's financial position though without researching further. Most other mining stocks are around their book price +/- 20% with the exception of Lonmin PLC.
Kenmare Resources share price data is direct from the London Stock Exchange
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