Added to YB: 2026-10-13
Pitch date: 2026-10-09
KMR.L [bullish]
Kenmare Resources plc
+4.02%
current return
Author Info
No bio for this author
Company Info
Kenmare Resources plc, together with its subsidiaries, engages in the production and sale of mineral sand products in China, Europe, rest of Asia, Saudi Arabia, the United States, and internationally.
Market Cap
GBP 266.3M
Pitch Price
GBP 2.24
Price Target
N/A
Dividend
N/A
EV/EBITDA
29.09
P/E
-1.00
EV/Sales
1.42
Sector
Metals and Mining
Category
special_situation
Theodosian Capital | Stocks Update 9/10/2026 - KMR – Possible offer
KMR.L (monitor): A non-binding possible-cash-offer proposal from International Resources Holdings drove a roughly 30% share-price jump, but discussions continue and no firm bid is certain. Kenmare appears undervalued, yet weak commodity pricing and prolonged uncertainty over Mozambique’s Implementation Agreement make cash certainty attractive if a reasonable firm bid materializes. A key precedent is the former CEO and Oryx Global Partners’ 530p/share non-binding proposal in early 2025, which never became firm and was unanimously rejected by the board on valuation grounds.
Read full article (1 min)