Kenmare

Refreshing forecasts

  • Aug 31 2023, 07:00 IST/BST
  • Colin Grant
  • Company Report
  • 10 page(s)
  • Sectors : Resource
  • Companies : Kenmare

Ratings and price correct at time of issue.

  • Kenmare

    Closing Price: 425.5p

  • RATING 03/08/16

  • PREVIOUS RATING 07/12/15

    UNDER REVIEW

Person's Name

Colin Grant

Analyst

DAVY VIEW

We have updated our Kenmare forecasts following the interim results. Due to the impact of the lightning strike in H1, we have lowered 2023 volume forecasts – which has impacted earnings. We have slightly upgraded EPS and dividend forecasts for 2024/2025 due to accretion from the tender offer. The valuation is highly compelling.

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Aug 31 2023, 07:00 IST/BST

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