Added to YB: 2026-08-26
Pitch date: 2026-08-21
KMR.L [neutral]
Kenmare Resources plc
-2.39%
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, Europe, rest of Asia, Saudi Arabia, the United States, and internationally.
Market Cap
GBP 255.4M
Pitch Price
GBP 2.09
Price Target
N/A
Dividend
N/A
EV/EBITDA
28.37
P/E
-0.96
EV/Sales
1.38
Sector
Metals and Mining
Category
special_situation
Theodosian Capital | Stocks Update 21/8/2026 - KMR – H1 results, same question remains
KMR.L (earnings): H1 rev -16% y/y to $134.5m; statutory loss of $34.1m (vs +$6.1m adj. prior yr) on weak product markets and slow WCP A commissioning. FY ilmenite output still ~800kt with shipments/opex/capex guidance reaffirmed; production improving into Q3, order book 'healthy'. Net debt $175.8m vs $230m RCF. Key overhang: unresolved Moma Implementation Agreement extension w/ Mozambique (expired Dec-2024; KPMG flags 'material uncertainty')—satisfactory deal seen driving a material re-rating, terms the open question.
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