Latest Views & News

Kenmare – disingenuous trading update

By Nigel Somerville, the Deputy Sheriff of AIM | Monday 16 January 2017


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.


Dual-listed in Ireland and on the LSE Kenmare Resources (KMR) has released what reads like a very positive trading update. Two questions spring to mind here: is it generating cash, and what about the debt position? But the company seems to have chosen to ignore completely its refinancing last year in reporting its finances.


Filed under:



Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was

 

GetAFix

Malcolm Stacey is Moving House

Monday »

WG

Wood Group - a Buy (again)?

 

Bear

Video: Bubbles always implode

Tuesday »

MNDI

Mondi – a recovery and income Buy?