Kenmare

Strong final quarter ensures delivery of 2018 projections

  • Sectors : Resource
  • Companies : Kenmare

Ratings and price correct at time of issue.

  • Kenmare

    Closing Price: 193.0p

  • RATING 03/08/16

  • PREVIOUS RATING 07/12/15

    UNDER REVIEW

DAVY VIEW

A very solid final quarter ensured that Kenmare tipped over the mid-point of production guidance for 2018 and proved earlier worries unwarranted. This update, which marks a successful start to the investment programme to reach 1.2m tonnes of ilmenite production and provides a signal that H1 2019 average pricing will improve on 2018, should be well received by investors.

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Jan 10 2019, 08:40 GMT

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