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
  6.50 3.59% 187.50 28,332 14:56:17
Bid Price Offer Price High Price Low Price Open Price
185.00 187.50 189.00 187.50 188.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 204.30 37.67 30.92 5.7 206
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:24 UT 6 187.50 GBX

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Kenmare Resources (KMR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-04-08 15:35:24187.50611.25UT
2020-04-08 14:11:25187.505093.75AT
2020-04-08 13:53:56185.131,5002,776.95O
2020-04-08 13:42:17187.5059.38AT
2020-04-08 13:35:10187.501,4082,640.00AT
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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 181p.
Kenmare Resources Plc has a 4 week average price of 138p and a 12 week average price of 138p.
The 1 year high share price is 292p while the 1 year low share price is currently 138p.
There are currently 109,657,480 shares in issue and the average daily traded volume is 145,882 shares. The market capitalisation of Kenmare Resources Plc is £205,607,775.
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
petomi: 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.
borromini1: Anyone know why share price has drifted down recently? Anyone know the current or short term Ilmenite, Zircon or Rutile spot prices per metric tonne?
donkey40: Ah the hermit has popped out for a krap. Ok now we have his attention: At least KMR are spending on sustainable Capex, the stuff this is going to keep their over 100 years of resource continuing to produce those boring things like revenues and cash. Or did your appreciation of KMR only extend to thinking the initial Capex was a one time hit, and none would ever be required for evermore? I guess what you really don’t know is that the reserves statement of your pet project is now under the microscope. If you understand the numbers, you will realise they don’t (yet) have enough gas to run a 2mw (never bloody mind a 10mw) plant for 10 years, let alone 30 years per the RFP. Little wonder the share price is again getting hammered. But hey with gullible gumps like you always prepared to sing the praises, they can probably get away with anything. F, but you are so unbelievably stooopid. Cap-I offered. You are on your own.
donkey40: So, let me see if I follow. A large volume of feedstock is produced in one of the more remote parts of Planet Earth. That gets shipped to places in other continents (ie a large distance) for value added supply chain blending to make something else. That costs a lot more, which gets sold all over the place like B&Q /Walmart/ Nippon/ other Asian equivalents. So far so good I think. Then we read investment theory and all sorts of MBA and PhD clever stuff and we think we are quite clever people ourselves. We might even study for a Corp Finance or Company Valuation type course (and even more surprisingly pass). Which means we have an opinion about things - dangerous, I know. But 109m shares in issue; EBITDA of $95m in 2018 and set to improve in the years ahead (ie there is price discipline in the sector for possibly the first time ever; and low and FYG behold - the share price is stuck on 2 times EBITDA cover (where Future Capex is well flagged and not that demanding. And you suggest there is a volume based reason why share price is worse than an already deflated balloon. Pray clarify for a confused yet sprightly old codger. And PS this has got F All to do with Brexit, May or any thing political.
donkey40: Miton are the first significant Income Fund institutional shareholder. So if they are a sign of the future owners here, then maybe these 5, 6 or 7 quid share price predictions are never going to be seen. Did SGRF really dump in $100m to receive a dividend cheque twice a year? How is that going to claw back the previous 20% M&G pretty much lost first time around? Are Capital throwing in the towel, and following Majedie through the exit after over a decade of support. EIB, the most unusual of long term holders are still hanging in and sold down a minimal number to feed Miton’s appetite. So it starts behaving like an income stock, meaning share price large appreciation is unlikely. Then low and behold a couple of chartists jump on the board and start taking an interest. It’s a funny old world following this one !!
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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