Kenmare

Solid performance across the board

  • Sectors : Resource
  • Companies : Kenmare

Ratings and price correct at time of issue.

  • Kenmare

    Closing Price: 252.0p

  • RATING 03/08/16

  • PREVIOUS RATING 07/12/15

    UNDER REVIEW

DAVY VIEW

The interim result confirmed a very solid performance across the board and favourable markets for feedstocks. Improvements continue at the operational level — in particular, mining — and its capital investment programmes continue on time and budget. Improved visibility means that we will likely fine tune our forecasts marginally downwards but remain positive overall, especially in light of continued balance sheet strength, a decent maiden dividend and a very compelling valuation.

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Aug 20 2019, 07:35 IST/BST

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