2017 results: meeting expectations

  • Sectors : Resource
  • Companies : Kenmare

Ratings and price correct at time of issue.

  • Kenmare

    Closing Price: 350p

  • RATING 03/08/16

  • PREVIOUS RATING 07/12/15



Best ever production output and shipped volumes underpin how far Kenmare has come since its 2016 re-organisation. Moreover, this took place in a market for titanium feedstocks that continues to be positive without being overheated. Although a period of planned capital allocation has begun, it is underway at a time when substantial cash flows are present and debt levels are low and manageable. Overall, we think the group is in better shape now than for quite some time.

Download full report with analyst certification and important disclosures

Mar 14 2018, 08:10 GMT