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Kenmare – FY15 Annual Report, refinancing, boardroom troughing

By Nigel Somerville | Tuesday 3 May 2016


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Ireland and London listed Kenmare (KMR) finally got around to releasing its 2015 annual report last week, in the wake of (yet another) proposed rescue refinancing. It strikes me that the company has been something of a disaster machine ever since it got its Moma titanium operation up and running in Mozambique.


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