Kinyara Bill
31 Aug 2017
Re: SMALLCAP World Fund, We probably did, anytime between 29th and about 10 days ago when volumes spiked. The threshold was crossed on 29th but that does not mean they sold all the shares on that day....they could have have left themselves 10 shares above the threshold for all we know, then sold the last little bit on 29th.
richtwo
31 Aug 2017
SMALLCAP World Fund, if SMALLCAP World Fund has disposed of 1.6m shares (see news) I wonder why have we not seen them as trades?Any informed comment would be much appreciated R
Nice to Michu
30 Aug 2017
Re: Davy I would describe results as good more than very good ... ebitda was 5 to 10m less than I was hoping for ..the fact they have good prices already contracted for half 2 is encouraging though..Obviously spot ilmentite price will ongoingly have a meaningful impact on s/p too.. I had previously hoped that this would test 500p in 2017.. I see little chance of that now.. and think 350-400p would be a good to very good outcome by end 2017.. and a decent outcome would be north of 300p .. and average outcome north of 275p... and poor around 250p and bad around 225p....
Kinyara Bill
29 Aug 2017
Re: Volume Scratch that, EIB have 8 million shares if website is up to date, so a way to go. Could also be Capital as they seem keen to reduce their holding back down to pre fundraising level. Either way good to reduce overhang.
Kinyara Bill
29 Aug 2017
Volume If those big trades are EIB offloading their debt for equity stake then this is good news.....they must be almost done.
richtwo
25 Aug 2017
Re: Motley Fool I believe two categories of private shareholder, pre and post refinancing, pre basically wiped out regardless of the recent stability etc, post will have very different views but no chance of significant influenceanyone care to differ with any evidence or numbersR22
avno
25 Aug 2017
Re: Motley Fool I agree there is good turnaround potential with solid EBITDA numbers. I have been surprised that for the last 3 months the stock has traded within the £2.40 to £2.70 range. More stable than I can remember for years, there seems to be a floor where people are unwilling to sell below. To me I think the refinancing has left people with more exposure than they would like and people are slowly de-risking happy to have made 5-10% in a year. Until more people buy into the recovery story I think until we are in this trading range for a while (or until those wanting to reduce their positions start to fade away). FY numbers may be the catalyst unless there is a positive or negative news story first!
Kinyara Bill
22 Aug 2017
Motley Fool ....are positive too, massive turnaround potential etc. This might be a slow burn until the news gets out. Judging by this board, I think a lot of us have given up all hope and I am talking to myself. Will take a long while for momentum to build but I think still good value provided that product prices remain firm as forecasted.
Kinyara Bill
22 Aug 2017
Davy ....think H1 results are very good and KMR is good value. Market yet to agree. Anyone have full access to Davy article?
Kinyara Bill
22 Aug 2017
Re: OK ho hum Pounds not pence, so
richtwo
22 Aug 2017
Re: OK ho hum how do you calc your eps ? It seems so very low & if correct buying premium bonds may be worthy of consideration
Kinyara Bill
22 Aug 2017
Re: OK ho hum My only caveat on by estimated price for ilmenite of USD175 for H2 is that KMR refer to "further price increases for contracted volumes in H2 2017, in comparison to H1 2017" but when it comes to zircon they have "successfully implemented further significant price increases for H2 2017". Not sure whether the word "significant" has any meaning, or does it imply that ilmenite has increased less dramatically than zircon. USD155 to USD175 represents a 13% increase - would that deserve to be called significant? As always, just a guessing game but KMR gives precious little else to do at times!Going back to sleep now for the next few months.
Kinyara Bill
22 Aug 2017
OK ho hum H1 results OK but not a "bonanza". Nonetheless, the first signs of life. They seem to have a good handle on production volumes which really ought to be top end of guidance for FY, and therefore operating costs should be below USD130 per tonne by year end barring unexpected costs.At least they gave us some indication re product prices received in H1 though still a complete guessing game on H2 for ilmenite and zircon, but we know both increased. I think Iluka increased zircon reference price by about 12% in July but who knows if this applies to KMR when they say increase in line with market. As ever, much now depends on achieved price for ilmenite in H2 and for now I am guessing about USD175 per tonne. Note that the USD155 for H1 was average for Q1 and Q2, and we know Q2 was higher as KMR confirmed this in their update (but by how much and was price trajectory maintained - spot prices increased significantly but was this % change captured in contract prices?). I think we remain on track for EBITDA of USD70-80 million, profit perhaps USD30-40 million and EPS of 0.2 to 0.3 pence. This is in line and perhaps slightly higher than consensus forecast of EPS 0.22 for FY2017....optimistic possibly. FY 2018 looks more promising still, approx EPS 0.5 by my amateur calcs, but as ever with KMR but this is jam tomorrow.
Nice to Michu
19 Aug 2017
Massive week coming up for KMR Even though this is KMR, I do believe financials will be good this time.. they really should be .. it is/has been kinda set up for them.. surely this is their time to start to shine again... Please...pretty please.
Tommoo
17 Aug 2017
Re: New 300ktonne per annum titanium plant Hi Devon,Long time since you posted, and I can quite understand why. Paint drying and long term hold spring to mind.I would be interested in your thoughts currently on Marstons, which I held some time ago, and turned a worthwhile profit.Simply my thinking is that they may be worth another look, in the hope that the dividend is maintained ?I hope you are well and the cellar is well stocked ?Best wishes.Tommo.
