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Mar 14 2018, 08:10 GMT
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.