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Kenmare Resources
(LSE:KMR)
Kenmare Resources (KMR) vs. S&P 500 (SPY)
Kenmare Resources Business Overview & Revenue Model
Kenmare Resources Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 488.48M | 458.48M | 525.99M | 455.94M | 243.75M | 270.94M | Gross Profit |
| 148.29M | 163.55M | 243.29M | 210.96M | 64.64M | 92.51M | EBIT |
| 144.91M | 155.12M | 233.43M | 152.98M | 34.39M | 59.22M | EBITDA |
| 227.71M | 223.75M | 296.42M | 210.89M | 75.31M | 89.20M | Net Income Common Stockholders |
| 115.68M | 130.98M | 206.03M | 128.53M | 16.74M | 44.80M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 108.27M | 71.05M | 108.27M | 69.06M | 87.24M | 81.18M | Total Assets |
| 1.25B | 1.26B | 1.25B | 1.16B | 1.14B | 1.03B | Total Debt |
| 80.36M | 49.39M | 80.36M | 150.28M | 149.16M | 65.36M | Net Debt |
| -27.91M | -21.66M | -27.91M | 81.22M | 61.91M | -15.82M | Total Liabilities |
| 145.29M | 117.88M | 145.29M | 230.07M | 242.26M | 134.88M | Stockholders Equity |
| 1.10B | 1.14B | 1.10B | 930.64M | 900.50M | 891.83M |
| Cash Flow | Free Cash Flow | ||||
| 113.26M | 86.66M | 149.55M | 87.46M | -68.18M | 11.62M | Operating Cash Flow |
| 231.85M | 153.19M | 209.42M | 147.81M | 71.17M | 76.37M | Investing Cash Flow |
| -118.59M | -66.54M | -59.87M | -60.34M | -139.35M | -64.75M | Financing Cash Flow |
| -182.12M | -123.88M | -109.73M | -100.97M | 72.77M | -27.43M |
Kenmare Resources Technical Analysis
Kenmare Resources Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | £74.16B | 7.80 | 20.80% | 6.79% | -3.39% | 11.60% | |
76 Outperform | $7.24B | 67.07 | 3.70% | 0.83% | 25.76% | -41.10% | |
74 Outperform | £370.74M | 7.26 | 5.55% | 10.13% | -12.22% | -49.48% | |
63 Neutral | £32.22B | ― | -3.81% | 3.78% | 3.11% | -137.83% | |
62 Neutral | £16.74B | 25.67 | 8.87% | 1.50% | 1.69% | -3.57% | |
53 Neutral | $26.06B | ― | -13.39% | 2.17% | -13.16% | -1091.54% | |
49 Neutral | $1.95B | -1.59 | -21.99% | 3.77% | 0.61% | -27.45% |
Kenmare Resources Corporate Events
Kenmare Resources plc, a company listed on the Euronext Dublin and the premium listing segment of the FCA, has announced its current issued share capital as part of compliance with the Irish Takeover Rules. The company has 89,228,161 ordinary shares in circulation and options over 3,088,855 shares under its restricted share plan. This announcement is significant for stakeholders as it outlines the company’s adherence to disclosure requirements under the Irish Takeover Rules, ensuring transparency and regulatory compliance during any potential offer period.
Spark’s Take on GB:KMR Stock
According to Spark, TipRanks’ AI Analyst, GB:KMR is a Outperform.
Kenmare Resources shows a balanced outlook with strengths in valuation and corporate events, suggesting potential upside. However, challenges in financial performance, particularly in cash flow and declining margins, temper the overall score. The technical analysis indicates positive momentum, supporting a moderately optimistic view for the stock.
To see Spark’s full report on GB:KMR stock, click here.
Kenmare Resources plc has announced an extension of the PUSU deadline to facilitate ongoing discussions with Oryx Global Partners Limited and Michael Carvill regarding a potential all-cash offer for the company. This extension allows the consortium more time for due diligence, with a new deadline set for 15 May 2025. The outcome remains uncertain, and the extension highlights the company’s strategic considerations in evaluating the potential offer.
Kenmare Resources has announced its Annual General Meeting (AGM) scheduled for 15 May 2025 in Dublin, Ireland. The notice and proxy form for the AGM, along with the 2024 Annual Report, are available on the company’s website and have been distributed to shareholders. This announcement underscores Kenmare’s commitment to transparency and shareholder engagement, potentially impacting its market position positively.
Kenmare Resources plc, a company listed on the Euronext Dublin and the FCA’s premium listing segment, announced its share capital details in compliance with the Irish Takeover Rules. The company has 89,228,161 ordinary shares in issue and options over 3,109,700 shares under its restricted share plan. This announcement highlights the company’s adherence to disclosure requirements, ensuring transparency for stakeholders during any potential offer period.
Kenmare Resources has published its 2024 Annual Report, highlighting its compliance with the European Commission’s Corporate Sustainability Reporting Directive for the first time. The company exceeded its sustainability targets, including a 12% reduction in emissions and significant community investments. Financially, Kenmare reported a decrease in revenue and profit, but maintained strong production levels and a solid EBITDA margin. The company rejected a non-binding acquisition proposal, citing undervaluation, and continues to focus on sustainable growth and stakeholder value.
Kenmare Resources plc has announced that its issued share capital consists of 89,228,161 ordinary shares, with no shares held as treasury shares. Additionally, there are options over 3,156,234 ordinary shares outstanding under the company’s restricted share plan. These shares are traded on the Official List of Euronext Dublin and the premium listing segment of the Official List of the FCA. This announcement is made in compliance with Rule 2.12 of the Irish Takeover Rules, highlighting the company’s adherence to regulatory requirements and ensuring transparency in its shareholding structure.
Kenmare Resources PLC has announced the grant of restricted share plan awards to key executives, including the Managing Director and Chief Operations Officer. These awards, which are part of the Kenmare Restricted Share Plan, are structured as nil-cost options and will vest fully after three years, subject to continued service and certain performance assessments. This move is indicative of the company’s strategy to incentivize and retain top management, potentially impacting its operational stability and market positioning.
The recent disclosure by Kenmare Resources involves dealings related to the company’s securities, specifically highlighting the interests and short positions held by Thomas Hickey, a director acting in concert with the offeree. The disclosure reveals that Hickey holds 500,488 relevant securities, representing a 0.56% interest, underlining the company’s compliance with the Irish Takeover Panel’s rules. This transparency in securities dealings is crucial for maintaining stakeholder trust and ensuring regulatory compliance during potential takeover activities.
Kenmare Resources plc has announced its compliance with Rule 2.12 of the Irish Takeover Rules, confirming its issued share capital consists of 89,228,161 ordinary shares, with no treasury shares held. The company has options over 3,305,415 ordinary shares under its restricted share plan, and these shares are traded on Euronext Dublin and the FCA’s premium listing segment. This announcement highlights Kenmare’s adherence to regulatory requirements, ensuring transparency in its securities dealings and maintaining its market position.
Kenmare Resources, a company listed on the Euronext Dublin and the FCA’s premium listing segment, has announced its issued share capital as comprising 89,228,161 ordinary shares. The announcement aligns with Rule 2.12 of the Irish Takeover Rules, which mandates disclosure of dealings in relevant securities during an offer period. This disclosure is crucial for stakeholders to understand the company’s current share structure and any potential market activities.
Kenmare Resources reported a 2024 EBITDA of $157 million, supporting capital funding and shareholder dividends, despite a 10% revenue decline due to lower product prices. The company rejected a takeover offer from a consortium, citing undervaluation, but allowed limited due diligence to potentially improve the proposal. Production guidance remains on track despite weather impacts, and Kenmare is negotiating with the Mozambique government to extend its Implementation Agreement, balancing company and national economic interests.
Kenmare Resources has announced an upgrade and transition project for its Wet Concentrator Plant A at the Moma Titanium Minerals Mine, aiming to unlock over 70% of Moma’s Mineral Resources. This strategic move is expected to ensure stable production for decades and reinforce Kenmare’s low-cost profile. The project involves transitioning WCP A to the Nataka ore zone, which holds the majority of Moma’s resources, and includes new dredges, plant upgrades, and a tailings storage facility. The total capital cost is $341 million, funded through existing resources and cash flow, with completion expected by 2028. The company is also exploring less capital-intensive expansion opportunities through the Selective Mining Operation, aiming to optimize production capacity and returns.
Kenmare Resources has received a non-binding proposal from Oryx Global Partners Limited and Michael Carvill for a potential all-cash acquisition of the company at 530 pence per share. The board has rejected the offer, considering it undervalues the company’s business and prospects, but has allowed the consortium limited due diligence to potentially improve their offer. The outcome remains uncertain, with a deadline set for the consortium to make a firm offer or withdraw.
Kenmare Resources Plc has issued a correction regarding an acquisition of voting rights by Aegis Financial Corporation, a US-based investment management firm. The notification reveals that Aegis Financial Corporation, managed by Scott Barbee, has increased its voting rights from 4.01% to 5.31%, crossing the 5% threshold. This change may have implications on the company’s governance and influence, reflecting Aegis’s strategic interest in Kenmare Resources.
Kenmare Resources announced a significant change in its shareholder structure as Aegis Financial Corporation increased its voting rights in the company to 5.31%. This change, crossing a previously held threshold of 5%, indicates Aegis Financial Corporation’s increased influence over Kenmare’s strategic decisions. The acquisition of additional voting rights may have implications for Kenmare’s governance and future direction, reflecting Aegis’s confidence in the company’s operations and potential growth in the mineral sands market.
Kenmare Resources Plc announced a significant change in its voting rights structure due to an acquisition of shares by FIL Limited, which resulted in their voting rights crossing the 5% and 6% thresholds. This acquisition indicates an increased stake and influence by FIL Limited in Kenmare Resources, potentially impacting the company’s decision-making and governance structure. The notification reflects the dynamic nature of shareholder interests in the company and might influence its strategic direction and stakeholder engagement.
Kenmare Resources is hosting a site visit for analysts and investors at its Moma Mine in Mozambique, showcasing its mining operations and new developments, including the Wet Concentrator Plant A upgrade and new Selective Mining Operation. The visit also highlights Kenmare’s land rehabilitation efforts and community initiatives, reflecting the company’s commitment to sustainable development and stakeholder engagement.
Kenmare Resources Plc has announced a significant change in its shareholder structure with Perpetual Limited and its affiliates crossing the 8% threshold in voting rights, increasing their stake from 7.057% to 8.009% as of January 27, 2025. This development could impact Kenmare’s governance and decision-making processes, reflecting Perpetual Limited’s growing influence and interest in the company’s strategic direction.