LMI.L - Lonmin Plc

LSE - LSE Delayed Price. Currency in GBp
0.00 (0.00%)
At close: 4:35PM BST
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Previous Close75.60
Bid0.00 x 0
Ask0.00 x 0
Day's Range72.60 - 78.80
52 Week Range38.86 - 85.60
Avg. Volume1,508,208
Market Cap219.539M
Beta (3Y Monthly)N/A
PE Ratio (TTM)5.11
Earnings DateJul 8, 2019 - Jul 12, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est0.55
  • Reuters

    Lonmin shareholders approve takeover by Sibanye-Stillwater

    Earlier on Tuesday, Sibanye-Stillwater said 87% of its shareholders backed the all-share offer, which it revised last month to value the struggling Lonmin at 226 million pounds ($286 million), 60 million pounds less than originally proposed. Lonmin was hit hard by the drop in platinum prices and has had to cut spending and jobs in order to retain a positive balance sheet, a condition of Sibanye's proposed offer. Shares in London-listed Lonmin were up 5.2% at 1131 GMT, while Sibanye's were up 5.8%.

  • Reuters

    UK stocks - Factors to watch on May 10

    (Adds company news items and futures) May 10 (Reuters) - Britain's FTSE 100 index is expected to open 22 points higher at 7,229 on Friday, according to financial bookmakers, while FTSE 100 futures were ...

  • Reuters

    South Africa's Sibanye-Stillwater will consider changing primary listing

    South Africa's Sibanye-Stillwater will explore changing its primary listing in a bid to access more capital as it explores growth opportunities outside its home market, chief executive Neal Froneman said on Wednesday. The precious metals producer, which has both gold and platinum mines in South Africa and platinum group metals (PGM) operations in the United States, said it was looking into opportunities in gold and the battery metals sectors. "In the future we will probably have to look at our primary listing from the point of view of accessing capital more efficiently and we don't know where that will be," said Froneman on the sidelines of an industry breakfast without providing detail on the listing.

  • Reuters

    Lonmin warns on cash woes, urges shareholders to back Sibanye takeover

    The London-listed company, crippled by soaring costs and subdued platinum prices, has been cutting spending to conserve cash and retain a positive balance sheet required by conditions of South Africa-based Sibanye's offer. AMCU, which has been on strike at Sibanye-Stillwater's gold operations since mid-November, wanted to extend the strike to at least 11 other companies including Anglo American's gold and platinum operations, Harmony Gold and Lonmin.

  • Lonmin set for protests at AGM as Sibanye deal drags on
    The Telegraph

    Lonmin set for protests at AGM as Sibanye deal drags on

    Platinum miner Lonmin will face protesters at its annual general meeting in London today as its long-drawn out takeover by South African peer Sibanye-Stillwater rumbles on.

  • Moody's

    Stillwater Mining Company -- Moody's downgrades Sibanye-Stillwater to Ba3; negative outlook

    Moody's Investors Service ("Moody's") has today downgraded Sibanye Gold Limited's (Sibanye-Stillwater) corporate family rating (CFR) to Ba3 from Ba2 and probability of default rating (PDR) to Ba3-PD from Ba2-PD. Concurrently, the ratings on the senior unsecured notes due in 2022 and 2025 issued by Stillwater Mining Company and guaranteed by Sibanye-Stillwater have been downgraded to Ba3 from Ba2. Today's rating action reflects Moody's view of increasing downside risks for Sibanye-Stillwater's credit profile as a result of challenging operating conditions in South Africa and increasing refinancing risks for the company as its ZAR6 billion revolving credit facility (RCF) matures in November 2019.

  • Thomson Reuters StreetEvents

    Edited Transcript of LMI.L earnings conference call or presentation 29-Nov-18 9:30am GMT

    Full Year 2018 Lonmin PLC Earnings Call

  • Reuters

    Lonmin turns first profit in four years ahead of Sibanye takeover

    Lonmin also said on Thursday it expects Sibanye's deal to close early next year, but cautioned that some uncertainty still exists over its completion, which is subject to certain conditions. Lonmin shares rose as much as 9.3 percent to 47 pence after its results for the year ended September showed an operating profit of $101 million, compared with a more than $1 billion loss a year earlier. The London-listed miner, crippled by soaring costs and subdued platinum prices, has been cutting spending to conserve cash and retain a positive cash balance, one of the conditions upon which South Africa-based Sibanye's takeover is contingent.

  • Ailing miner Lonmin lands $200m Chinese lifeline
    Evening Standard

    Ailing miner Lonmin lands $200m Chinese lifeline

    Struggling miner Lonmin shored up its finances with a $200 million (£153.1 million) boost from China on Monday as it awaits a rescue takeover by South African rival Sibanye-Stillwater.