0R15 8520.0 0.0% 0R1E 8203.0 0.0% 0M69 21090.0 67.5139% 0R2V 226.02 9878.8079% 0QYR None None% 0QYP 412.97 -2.8306% 0RUK 2652.0 -9.2402% 0RYA 1554.0 -0.7029% 0RIH 174.55 -1.3563% 0RIH 165.15 -5.3853% 0R1O 198.5 9800.2494% 0R1O None None% 0QFP None None% 0M2Z 267.777 -0.1763% 0VSO 32.05 -9.9846% 0R1I None None% 0QZI 559.0 0.7207% 0QZ0 220.0 0.0% 0NZF None None% 0YXG 165.7358 2.7149%

small-cap

Market Update On One FTSE Listed UK Based Producer of Mineral Sand Products- KMR

Mar 26, 2024 | Team Kalkine
Market Update On One FTSE Listed UK Based Producer of Mineral Sand Products- KMR

KMR:LSE
Investment Type
Small-Cap
Risk Level
Action
Rec. Price (GBX)

Kenmare Resources PLC 

Kenmare Resources PLC (LSE: KMR) is an FTSE All Share listed producer of mineral sand products. The Company operates the Moma Titanium Minerals Mine in Mozambique. The Company supplies to customers operating in more than 15 countries. The Company’s products are consumed in items, such as paints, plastics, and ceramic tiles.

FY23 Preliminary Results (Released on 20 March 2024)

  • Financial Update: The company reported mineral product revenue which declined by 12% to USD 437.1 mn in FY23 as compared to USD 498.3 mn in FY22, on account of a decrease of 105 in the average realized prices because of weaker markets and reduced shipments, Also, the group reported EBITDA of USD 220.3 mn in FY23 as compared to EBITDA of USD 298.0 mn in pcp.
  • Outlook: Despite global volatility in 2023 and anticipated instability in 2024 due to various elections worldwide, Kenmare maintains a market-leading position, operating profitably across commodity price cycles. The company aims to improve its valuation in 2024 and beyond amidst recent share price weakness.
  • Dividend Declaration: The management announced a full-year dividend of US 56.04 cents per share which is higher than 3% as compared to the previous full dividend in pcp, and the dividend will be paid on 17 May 2024.

Share Price Chart

Markets are trading in a highly volatile zone currently due to certain macroeconomic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Kenmare Resources PLC (LSE: KMR) was trading at the current market price of GBX 324.50  (as of 26 March 2024, 09:10 AM GMT)

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 26 March 2024. The reference data in this report has been partly sourced from REFINITIV.

Note 3: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.

Note 4: Dividend Yield may vary as per the stock price movement.


Disclaimer-

References to ‘Kalkine’, ‘we’, ‘our’ and ‘us’ refer to Kalkine Limited.

This website is a service of Kalkine Limited. Kalkine Limited is a private limited company, incorporated in England and Wales with registration number 07903332. Kalkine Limited is authorised and regulated by the Financial Conduct Authority under reference number 579414.

The article has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. No advice or information, whether oral or written, obtained by you from Kalkine or through or from the service shall create any warranty not expressly stated. Kalkine does not intend to exclude any liability which it is not permitted to exclude under applicable law or regulation.

Kalkine does not offer financial advice based upon your personal financial situation or goals, and we shall NOT be held liable for any investment or trading losses you may incur by using the opinions expressed in our publications, market updates, news alerts and corporate profiles. Kalkine does not intend to exclude any liability which it is not permitted to exclude under applicable law or regulation. Kalkine’s non-personalised advice does not in any way endorse or recommend individuals, investment products or services for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a professional authorised financial planner and adviser. You should be aware that the value of any investment and the income from it can go down as well as up and you may not get back the amount invested.

Kalkine Media Limited, an affiliate of Kalkine Limited, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.

We use cookies to help us improve, promote, and protect our services. By continuing to use this site, we assume you consent to our Cookies Policy. For more information, read our Privacy Policy and Terms and Conditions