I understand that i dont mind the company not being sold as i am not in it to make money from the quick sale. I would prefer the BOD to come out and reassure us that everything is okay as at present i am feeling a bit on edge as i am watching the share price dramatically fall day by day
ive noticed there are no big sales only small but there doing enough to bring the share price down. I have been adding to my share each day now as the price goes down but i cant keep adding as its only going down people need to start buying and the share will go up dramatically.
Everyone selling at the min is selling at a loss so why do it? :s
I think the BOD need to make some announcement to reassure its shareholders that everything is okay as the company has lost more than 60% of its value in 4 weeks!! and i am guessing everyone is in the same position as me that they can not afford to sell at these prices unless they want to take a massive hit on their investment
Alan The last release, as you indicate, was in late April. That is the most recent update I can provide and as this release makes clear, a number of pre-conditions were being addressed before this matter can move forward. Under Australian listing rules and the Irish Takeover Code, I am afraid I cannot expand upon the most recent market disclosure. What does anyone make of that? I thought i would email a few key contacts in Iluka and Kenmare to see if they could shed some light on the current decrease in share price.
today was the first day in a while where the risk grade is 0. Is that a good sign?
whitespirit do you have shares in Kenmare?
30/10/2015 Broker: JP Morgan Rating: Neutral Old Target: GBX 3.00 New Target: GBX 2.50 Maintain 27/10/2015 Broker: Goodbody Rating: Hold New Target: GBX 6 Maintain - I have just seen this which is interesting to yesterdays debate with regards to 800% increase on share price from a sale to Iluka.
am i right in thinking that all the debts are refinanced and the next debt that is available for renewal is 2018? [link]
Summary of Debt Financing Loan Balance US$m Maturity under April 2015 Loan amendment Senior Project Loans AFDB 21.2 2021 ABSA (ECIC) 23.9 2018 EAIF 2.6 2021 EIB 8.6 2021 FMO 8.6 2019 KfW IPEX-Bank (Hermes) 6.6 2018 KfW IPEX-Bank (MIGA) 7.7 2021 Total Senior Loans 79.2 Subordinated Project Loans EIB 143.6 2021 EAIF 57.5 2021 FMO 45.5 2021 Total Subordinated Loans 246.6 Total 325.8 Project loan amendment fees (15.5) Amortised over life of loans Total Project Loans 310.3 Absa corporate facility 19.6 2021 Total Group Loans 329.9
well lets hope it doesnt get down to the 60's
Maybe people are driving it down to get maximum profit from the sale
I personally think that Kenmare has been massively undervalued as it has a market cap at £20m but looking at its financials has a worth of about £600m. Personally I think that this has been manipulated to be were it is now it has been decreasing week on week dramatically with no reason surely after 6 weeks of constant decline if something was going on we would of found out by now. Does any one agree?
off it goes down again!!!! defiantly keeping us all entertained
has anyone bought any more shares today?