Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
This is strange. MC has been promising that 2021 would be the start of great returns. 60% of net profit to be distributed to shareholders via special dividends or stock buybacks was previously mentioned. Is this yet another U-turn?
Thanks BigEarl, I had already registered but they have still not given me access.
BigEarl, are you able to share the report please?
Kenmare Resources FY results on Wednesday 24th March - Webinar for Private Investors 17:15 that day. Presentation and Q&A with Michael Carvill MD and Jeremy Dibb Director of Corporate Development and IR. Register at:
https://us02web.zoom.us/webinar/register/5116142671285/WN_aO_FcjIvR7SWma7ImTI7tQ
Kenmare Resources FY results on Wednesday 24th March - Webinar for Private Investors 17:15 that day. Presentation and Q&A with Michael Carvill MD and Jeremy Dibb Director of Corporate Development and IR. Register at:
https://us02web.zoom.us/webinar/register/5116142671285/WN_aO_FcjIvR7SWma7ImTI7tQ
Kenmare FY results on Wednesday 24th March, Webinar for Private Investors 17:15 that day. Presentation and Q&A with Michael Carvill MD and Jeremy Dibb Director of Corporate Development and IR. WHO'S GOING? Register at:
https://us02web.zoom.us/webinar/register/5116142671285/WN_aO_FcjIvR7SWma7ImTI7tQ
I think there could have been more criticism in future if they did not share this information?
If ever Kenmare realises contracts that achieve $300/t, we would likely be looking at EBITDA around $200m, and a share price in the £8 - £10 range. Or, am I dreaming again? Maybe in 2022!
This is a great initiative from the company. It is commendable that the small holders will have direct contact with senior management. Hopefully, it means that MC has good news to share. Look forward to seeing you all there on 24th March :)
Cont, I think Buck is on the Irish whisky again :)
Thanks Contango and Caposoka. When FY21 EBITDA comes in at $170m, as suggested by Muktass, then I may start to get excited. But when I first invested in Kenmare, the company and its brokers were foecasting EBITDA of $250m and higher! Meanwhile, progress on output, ore grades etc. are all positives. It would also be good if the zircon price could start increasing again as the global economy recovers.
As a long term holder of over 12 years I am keeping quiet at the moment as I have nothing new to say. Although I am happy with the company's recent progess and the increase in share price, as Onwardsandup points out, the share price only recently passed where it was five years ago. I believe that fair value for the company is considerably above £10. That's what I have been waiting 12 years to see, so I am far from excited yet. I think it is important that the company repeats its commitment when reporting the FY results to distributing 60% of net profit, something not done recently.
Me neither because I doubt anyone will want to pay £1bn in the current economic climate, but you never know, it may make good business sense to someone.
With the current market outlook and all of Kenmare's developments complete, I doubt the big shareholders would sell for less than £1bn. This would a typical forward P/E for similar takeovers.
:D :D :D No one should be selling now. This is gonna fly next year.
I guess the real benefit of a share buyback depends on how they do it? If it takes the market capitalisation closer to £1bn, which is where it really should be, then I for one will be satisfied having been invested here for over 12 years
Base Resources's recent payment of a bumper dividend helped the share price increase from a year low of 6p to 18p. When Kenmare pays its promised bumper divided/share buyback, is it really so impossible that the share price may triple as well?
In the past, the market capitalisation of the company has been as high as £1.2 bn. It is currently £312m. So, while predicting future share prices is a pretty pointless exercise, there is clearly scope for the share price to rise considerably higher. Just consider the state of the company when it was valued £1.2 bn and the state of the company now, and the current market environment. Covid may be bad for global GDP but not so bad for Kenmare if more countries pursue fiscal expansion, e.g. construction projects, as the way to achieve economic growth.
Kenmare Resources is pleased to announce that the relocation of the dredge, which forms part of the Wet Concentrator Plant (WCP) B mining operation, has been completed safely. Statement from Michael Carvill, Managing Director: "Completing the relocation of WCP B’s dredge safely and within the expected timeframe is an important milestone for the project. The 23km purpose-built road performed well and we are confident in its ability to support the WCP in the coming days. We look forward to providing another update when the relocation and safe offloading of WCP B has been achieved.” Let's hope the good news keeps coming!
£3? The year high is 292p. Surely we should now be anticipating £4+ by Spring 2021?