Steady production and solid markets

  • Sectors : Resource
  • Companies : Kenmare

Ratings and price correct at time of issue.

  • Kenmare

    Closing Price: 197.8p

  • RATING 03/08/16

  • PREVIOUS RATING 07/12/15



A solid production performance in Q1 makes for a good start to the year. Although shipping and final sales were significantly affected by adverse sea conditions and unscheduled maintenance, management is confident that this is a timing issue and that shipments will gradually be made up through the remainder of the year. Encouragingly, guidance for the year across all the headline metrics is maintained. Management also comments that product markets are steady and will likely strengthen into the year.

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Apr 11 2019, 07:35 IST/BST