Kenmare

New forecasts and sensitivities

  • Oct 5 2022, 07:05 IST/BST
  • Colin Grant
  • Company Report
  • 17 page(s)
  • Sectors : Resource
  • Companies : Kenmare

Ratings and price correct at time of issue.

  • Kenmare

    Closing Price: 390.0p

  • RATING 03/08/16

  • PREVIOUS RATING 07/12/15

    UNDER REVIEW

DAVY VIEW

We upgrade our Kenmare forecasts for 2022/2023 and introduce new forecasts for 2024. We continue to conservatively model a decline in commodity prices through 2024 due to macro issues that may impact demand. The share price implies a more severe scenario and is trading far below fair value.

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Oct 5 2022, 07:05 IST/BST

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