Operational update signals solid third quarter and expansion on track

  • Sectors : Resource
  • Companies : Kenmare

Ratings and price correct at time of issue.

  • Kenmare

    Closing Price: 240.0p

  • RATING 03/08/16

  • PREVIOUS RATING 07/12/15



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.

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Oct 16 2019, 07:30 IST/BST