Member Info for Richorpoor

What seemed a quite negative production results
The chairman did say he expected to be at the bottom of the forcast at the end of the year but he also said he expected production to be higher than last year
So if last year was a record then I look forward to setting a new production record this year ???
We all wanted better results and expected more but we all read what we wanted to hear and dreamt big dream's
But keeping our feet on the ground because of poor shipping which equals sales only 40 million earnings after tax this 6 months and 120 million after tax a 20% increase on last year
If you expect more then you might come disappointed

Slimming was also mentioned in H2 2021 report
They did say it was likely to continue
But I don't know anything on this subject myself so it didn't raise a red flag with me

Looks like a reasonable report if we look into it deeper it's shipping the biggest letdown but that will catch up
So profit for H2 down to 41.4 million
24.1 million paid out in dividend and 17.3 million reduction of the dept since 31 Dec so profit of 41.4 million I'm expecting from H1 this doesn't seem good but when we look at Finnish stock waiting to be shipped which is 214900 tons which 88700 tons was there at December 31 so 126200tons of Finnish at a value of around 420 a ton giving a extra 53 million extra in Finnish product in this 6 months which would have made a 6 months profit after tax of 94 million if all that had. been produced had been shipped
But I already said they keeping the SP low for another big share buy back it's what the big share holders want

Thanks con explain ing now I understand
216 million usd earnings before tax, interest ect
128 million earnings after tax ect

Totally agree with the trend of the market
But kenmare earnings at USD 216 not sure where this figure comes from
Kenmare earnings was around USD 128 last year I thought

I see now kenmare is saying on their financial calendar that the H1 production report is now expected out on 14 th july
But this is to be confirmed

7 or 8 pounds far to cheap
But it would do me some good

Q1 stated production was up but shipping was down 33%
Also one of the loading ships was in general maintenance for 10weeks should be back in service later this month
So this H1 will have stock on the docks rather than money in the bank
This will be caught up in H2 and be converted to cash but we could get a higher price for it
It could hold the sp price back for another 6months if so could see a 12million share buy back in December at about £5.50 a share but we will know more when the production results are out next week

Yes crazy share price
I to sold 25%of my shares at 5£ and brought back at 4.50£ made a few thousand £
But we all know this kind a share could increase 50% just in a few days so my next sell will be around 6£ a share
But who really care about selling if the company .If the company did make 250usd profit in 2022 that would be 2£ a share profit that's nearly 50%earning on a share
This is a gold mine don't take profit to early
Good times are here it's not all about the SP but about the earnings a good pension earner

Yes crazy share price
I to sold 25%of my shares at 5£ and brought back at 4.50£ made a few thousand £
But we all know this kind a share could increase 50% just in a few days so my next sell will be around 6£ a share
But

Sorry line missing from post
H1 22 forcast 420usd average sale price a ton -160usd costs giving us a 260 profit compared to 123 profit a ton in H1 21 increase of more than 100%

Cost to mine a ton. of titanium is around 160usd
H1 21 average selling price a ton 283 USD so profit 123usd per ton
H2 21 average selling price 366usd per ton so profit 206usd a ton
H1 22 I expect to have an average of about 420usd
Which will give us which is more than double the profit per a ton compared to H1 last year so should come in about 100 million compared against 48 million from if we shipped the same as last year ok we now we have a loading boat in maintenance for a few weeks so could loss 10% off but we get that back in the next 6months
Yes I do know Kenmare was selling at 450per ton in April so remember 420usd per tons my average forecast
Would expect the oct dividend to double + 15%
Has we have 15%less shares than we did last October because of the buyback
And should make kenmare about debt free

Production update 13july
H1 results 17 August
Source kenmare resources financial calendar

Final Dividend was approved at yesterday agm

Great buying opportunity
Price drop due to Chinese possible shutdown
Only temporary soon bounce back
Good time to happen when our ship in dry dock
Market over reacting as usual

I can imagine that 1.2 million been set on sell for a few months and the market makers been buying them slowly
Just maybe could that been holding the sharea price low
Has Kenmare shares are worth a lot more

Total1.2 million sell and the price rises?????

Con
those who didn't sell in the buyback now own over 15% more of the company than they did before
95mill +15%=109.25mill
Good things will come to those who wait

Interesting in Q-A They mentioned a desire to buy more share back if the price is right and also mentioned at least 20% in dividends for 2022 whilst paying of some of the dept
So I understand from that
If the SP is high at the end of the year then they pay of the dept and we will get a large dividend or if the share price is low then can see a large buy back coming but even with a large buy back I can still see a larger dividend than this last year
It was also stated all profits would be returned to shareholders which as not been set aside for future projects
What a good problem to have

19.4 pence dividend 5.5 % yield
And the party only getting ready to start
Better things to come