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Oct 16 2019, 07:30 IST/BST
Kenmare
Operational update signals solid third quarter and expansion on track
DAVY VIEW
Kenmare has delivered a solid third quarter with minimal surprise. At the same time, the expansion project is also on track with earlier guidance and titanium markets are tight. We believe this should be well received as it indicates a continuation of the progress evident in the last few years. Very much in tune with this message is the maiden dividend payment at the end of October. The stock should tick upwards on the update.
