The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Great to have a new name of the significant shareholding list.
I hope you are going to keep buying…
Fingers crossed 🤞🏻 the selling is over and we see continued SP appreciation into ex-div date.
Good Luck to everyone, including our new friends pageant Investments Limited.
Interactive investor say their Nom Co may be able to provide me with advice but they cannot request it.
Jeremy Dibb told me how to get certificate of residence which I have - and was simple.
Getting other documents from Interactive Investor is easy, simple request over app.
I’m waiting for next Dividend to request IWT for last 4 years before claiming.
I’ll try the Nom for SIPP then but honestly not hopeful.
It is simple for my ISA as it is an individual account. My SIPP is not possible as it is held through a nominee account and tax is aggregated hence I will sell my SIPP position first.
Apologies, simple is unfair…. It is simple if your provider can give you an individual statement showing IWT paid, then it is a simple submission and reclaim.
If you phone Jeremy Dibb he can assist as he has successfully reclaimed them.
Https://www.kenmareresources.com/en/investors/shareholder-information/dividends
Agree on illiquid markets…. Have stated I expect a strong upward more before ex-div date.
Totally disagree with debt… it is a RCF to ensure the project is not constrained by balance sheet cash and that dividends can continue to be paid as WCP mines its way to new location.
The company will not use the full facility and it will be very lowly leveraged with small net debt position at worst.
If you are UK based you can reclaim the Irish Withholding tax. There is a link on the website. You need proof of dividend and IWT paid plus proof of residence in the UK, it is simple.
Which would suggest it doesn’t happen….
Can you imagine how many here would be on to the FCA the second they closed with any notification…..!
I’d be at their door in London…. Demanding to see the trade. Freedom of information requests and the works….
It will not happen
Https://www.fca.org.uk/news/press-releases/fca-fines-arcm-breaches-short-selling-disclosure-rules
https://www.fundapps.co/blog/hong-kong-hedge-fund-fined-hk1.75mn-by-sfc-for-eu-short-selling-breach?hs_amp=true
I can’t see Mangrove breaching disclosure rules!!!
Some of the long term holders are funds that investors can extract their investment. As investors take funds out the fund has to reduction holdings across their portfolio. As interest rates rise sone investors are taking investments out of these growth funds to invest in bonds etc.
As a result some KMR share holders have to make small reductions in their KMR shareholding.
The impact of this in an illiquid market is a depressed share price.
My opinion is the board need to do bring to bring in new investors to stabilise the share price, such as the capital markets day and investor tour but they need to be more active in public.
On the investment from SGRF, they plus a number of other supporters stated that they wanted capital returns within 5 years. The board and shareholders (that remember) were aware of this.
I wish I sold my, but didn’t, so it’s my fault.
Why is the share price low:
Chinese economy and real estate decline.
Lower GDP growth
Funds getting smaller and need to sell
Illiquid market to sell into, coupled with point immediately above.
If you stay around long enough you will see it rise prior to the dividend announcement, as it always does.
Enough for tonight 🥃
Correct, share buy back part of long term plan to return capital to shareholders. This is not news.
The new debt is 4.85% above SOFR closer to 10% but not 10% either I don’t believe.
£3m per year to grow what??? Cash available but not growth opportunities. Any growth would be WCP D Willis would be hundreds of millions not 3
The debt facility funds the move using RCF so reduced interest versus a standard debt facility where you pay interest on 100% of available facility there a reasonable move.
IMO from the limited detail this is an excellent agreement.
Operations continue profitably and a RCF allows the company to plan and manage the move, without unreasonable costs for unutilised funds.it is a good solution and as I’ve been hard on the BOD I have to give credit to them on this one.
The