Added to YB: 2025-08-28
Pitch date: 2025-08-22
KMR.L [neutral]
Kenmare Resources plc
-21.59%
current return
Author Info
No bio for this author
Company Info
Kenmare Resources plc, together with its subsidiaries, engages in the production and sale of mineral sand products in China, rest of Asia, Europe, the United States, and internationally.
Market Cap
GBP 307.1M
Pitch Price
GBP 3.17
Price Target
N/A
Dividend
7.84%
EV/EBITDA
2.77
P/E
-6.08
EV/Sales
0.94
Sector
Metals and Mining
Category
special_situation
Theodosian Capital | Stocks Update 22/8/2025 - Kenmare Resources plc
KMR.L (update): Mozambique mineral sands miner delivered $160m H1 rev (+3% YOY), $47m EBITDA (30% margin). Key catalyst: 3-year Implementation Agreement negotiations with govt nearing conclusion - management 'hopeful' but prepared for arbitration. WCP-A upgrade on track for end-2025 commissioning at $341m budget. Trades 9.4x forward earnings at £285m mkt cap. Meaningful deleveraging & distributions expected as capex drops from $165m (2025) to $30m (2026). Agreement resolution should drive re-rating.
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