The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Https://www.investorschronicle.co.uk/news/2024/03/20/kenmare-resources-strong-performance-belies-valuation/
Reiterating many views I've seen here.
I see the latest bulk carrier Ocean Innovation has been in Moma since the 11th jan and appears to be taking on daily shipments from the Bronagh J. Looks like this could be another big shipment into 1st Q 2024 to add to the 2 that just missed the cutoff at year end. I thought kenmare had 2 transhipment vessels but haven't noticed the second one for what it's worth. It does look like a good start to 2024 though, although the way the SP seems to react which way it goes is anyone's guess.
I see COREBRIGHT OL
IMO 9625437
Just left Moma having been there since 28 Dec, Bronagh J left soon after hopefully having deposited another full load. Given the 24 hour or so turnaround of Bronagh J I've noticed there's potential for 50kt plus on this shipment alone. I guess though it's missed the cutoff for 2023, as I believe that's how it works. I understand something similar happened at the end of 3rd Q so thar should be a positive for next weeks update.
I did some checking for a couple of days on marine traffic site earlier this month.
On 12/12 Bronagh J arrived Moma 13 56 and left 20 22, I expect that equates to a full load around 5K tonnes plus.
The following day Bronagh J arrived Moma 06 00 and left 10 28, maybe a partial load (still around 5000 tonnes though) before the cargo ship departed.
That looks like a turnaround time of a lot less than 24 hours for one transhipment vessel the Bronagh J.
I thought there was another transhipment vessel but haven't noticed one in the port at all, so if there's another process, for loading cargo ships up this isn't reflected here.
Either way there's potential for good numbers here, if you do the maths and extrapalate upwards for december. However I've no visibility what happened in the earlier months in the quarter !
Yes tend to agree, anyway Bulk Carrier IMO 9278167 and Bronagh J coincided for around 6 hours today in the port today so with luck that was another 5000t loaded up. Am I correct in thinking this is the only process of loading up, I believed so but were you thinking otherwise.
The following statement is lifted from the 2022 report.
A total of 29 ocean-going vessels visited Moma’s dedicated port facilities during 2022.
Seems there are 5 there now and a couple recently departed. Does seem very positive as you say. But without visiblity of the earlier months in Q4 hard to completely understand the potential.
Have to agree, he seemed very well informed.
He could probably have done a bit more research on insider buys a few months back at around 230ish before the divi.
I would have liked a bit more depth of understanding around the loading up of the product on to the shipping vessels from Bronach J and other [name eludes me]. But overall concur with what was said.
Still no dividend from the usual suspects Barclays. I'm predicting next Monday with a following wind, hope to be surprised, but this depressed price well below the Director buys a few months ago, looks a good opportunity IMHO.