Kenmare

Upgrading forecasts

  • Sectors : Resource
  • Companies : Kenmare

Ratings and price correct at time of issue.

  • Kenmare

    Closing Price: 401.0p

  • RATING 03/08/16

  • PREVIOUS RATING 07/12/15

    UNDER REVIEW

Person's Name

Colin Grant

Analyst

DAVY VIEW

Following Kenmare’s recent full year results, we have upgraded our forecasts. Rising ilmenite prices have boosted revenues and earnings, leading to strong cashflows and further balance sheet strength. These new forecasts remain conservative based on spot prices and also volume assumptions.

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Apr 7 2021, 07:00 IST/BST

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