Member Info for Caposoka

Agree with you. If you strip out the 1-1000 range of bombed our investors who didn't sell up but would not be interested in repeating the experience, the number of investors who actively hold becuase they wish to numbers a few hundred at best.

This time last year we made comparisons of the shareholder profile and the only noteworthy difference with the year before was that the biggest 14 (96M) had become 13 (90M) and the shares had trickled down to the groups below. The hope was for the trend to continue to make the shares more liquid. Although some names may have changed, I'm not expecting a vastly different profile this year. Think the SP would need to rise considerably first for churn to increase.

Our posts crossed, you needed 1/2 the words to say the same things... and yes, I see she had a bad day. Hopefully KMR will have the opposite next week....

Correction, try again..... Last '0' trade was 199.4, Last 'A' was 199, Final 'UT' trade was 204. Different websites refer to different trades

LSE normally refers to last 'A' or 'UT' but not 'O'. (in this case UT, at 204).
FT normally refers to last trade (in this case UT, at 204),
KMR's website is referring to last 'A' (199).

Summary - flat day with no change. All within the spreads.

Believe Nosir's point is one of a general lack of excitement. It would appear that way at present but let's see. You would think the results will be as expected and it is all priced in but there should be some decent headlines to come

Last '0' trade was 199, Last 'A' was 204, Final 'UT' trade was 204. Different website refer to different trades

LSE normally refers to last 'A' or 'UT' but not 'O'. (in this case UT, at 204).
FT normally refers to last trade (in this case UT, at 204),
KMR's website is referring to last 'A' (199).

Summary - flat day with no change. All within the spreads.

Believe Nosir'S point is one of a general lack of excitement. It would appear that way at present but let's see. You would think the results will be as expected and it is all priced in but there should be some decent headlines to come.

Hope so. Confirmation: https://ir.q4europe.com/Solutions/Kenmare2018tf/3908/newsArticle.aspx?storyid=14238720

Is this from an annoucement I've missed or from contacting IR? - just so I know where to look next time...

Does anyone have access to a date yet for publication of results?

Last year was 14 March. Nothing shown on KMR's website as yet and nothing shown in Irish Times' week ahead (https://www.irishtimes.com/business/full-year-results-for-cairn-homes-and-ecb-rate-decision-1.3810127).

so my guess would be next week at the earliest.

knicol, you were correct in your 10p open prediction. For my part I was overly optimistic in hoping for something higher. Now it is sub 10p, shows a lack of confidence.

Think you were closer first time round (15-20p). Different ways to assess it but get to similar range:

1) Ratio of existing / placing new:shares is 1:4 In mid Feb, existing shares had SP of 0.5p (50p consolidated), placing shares 10p (consolidated), gives weighted average of (50p + 4x10p)/5 = 18p

2) MC of existing 662m shares was @ 0.5p (12 Feb) 3.3M. Add value of cash raised (2.5M). New MC of 5.8M. Divide by number of shares (consolidated) of 31.9M gives a new SP of 18.7p.

A rough guide only. SP is transitory anyway. Risk of immediate insolvency puushed back but we also now know further placing to come.....

Agree. If they can raise enough cash to clear these issues and produce positive cash on an on-going basis then they should recover from here. Maybe a walk instead of a run.

Not sure why the opening price Mon would be 10p. Surely mid price somewhere a little nearer 15p to be between 10p placing price and whatever is was before. Not informed enough to say for sure. Let's see.

BigEarl, you are quite correct. My memory played tricks - I thought the provisions were higher but in checking up they currently stand at 1.444M for costs, pints and whatever arising.

May be he has... on a new set of clothes.

BF,

'KMR had to pay €500k to Mr Kinsella as a condition of it being allowed to appeal the award'. Do you know if this is in addition to the €250k awarded or whether it was a payment made on account but to be included in the final settlement.

Even after costs are decided, should all lead to a healthy reduction in the provisions within the accounts..

I've never been too concerned by their holding. See it more of a smokescreen by others for SP not rising. They have been reducing for quite some time, esp when you consider the size of their holding post placing and their holding now. As shown this week, if a deal is done, one II enters and another makes way so by finding themselves in this position they are in the same boat as everyone else. They could have sold by now, they could have sold for a profit and yet they still have a holding. It can no longer be described as forced as it is a conscious choice on their part.

I should admit that being a Fri pm, having niot heard from you from a while, I did write my post in such a way that you might respond and ... hey pronto... certainly more predictable than SPs and dividends.

As for your post, you could well be right. History is on your side. I just struggle to see how a company with KMR's financial metrics willl go lower from here and if it does not move over the longer term, that other changes would surely ultimately happen to restore confidence and get things moving. Happy to be where I am at.

Good weekend all.

so decided to accumulate a few more. (Used to think sub £3 was good.... )

Extract from KMR's 10 Jan trading update....

"Kenmare’s received zircon prices plateaued in Q4 2018, following the successful implementation of price increases in the prior quarter. However, supply has increased from Indonesia and various regions have been producing concentrates for processing in China. Coupled with weaker demand in China, this has led to some modest softening of prices recently for non-premium zircon products. However, global zircon production is forecast to decline in the coming years with mine closures and orebody depletion at a number of operations. The Company believes a supply response is likely should supply exceed demand, muting price volatility and supporting long term prices"

thought you had forgotten Base for a moment... but I then I realised they are down 3% over the past 3 months.

Don't give up too easily. Still time for end of Feb, as 'excitement' builds in lead up to next month's results..!

There are various....suggest

https://www.marinetraffic.com
https://www.vesselfinder.com

Don't think it will help too much with KMR's shipments as you can never trace full / part loads with certainty but was useful for tracking progress of the voyage to/from dry dock etc.