LMI.L - Lonmin Plc

LSE - LSE Delayed Price. Currency in GBp
+0.90 (+1.49%)
At close: 4:35PM BST
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Previous Close60.50
Bid61.40 x 444900
Ask61.70 x 140500
Day's Range59.00 - 62.00
52 Week Range36.00 - 85.60
Avg. Volume508,859
Market Cap173.612M
Beta (3Y Monthly)1.45
PE Ratio (TTM)4.15
EPS (TTM)14.80
Earnings DateMay 27, 2019 - May 31, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2012-01-11
1y Target Est0.55
  • Lonmin Says Profit Rebounds, Backs Sibanye Gold Offer
    Bloomberg13 days ago

    Lonmin Says Profit Rebounds, Backs Sibanye Gold Offer

    While some analysts have questioned the value of Sibanye’s offer, Lonmin Chief Executive Officer Ben Magara continues to recommend it, saying the rebound in earnings isn’t sufficient to resolve the company’s long-term challenges. Operating profit was $70 million in the six months through March, after a loss of $32 million a year earlier, as platinum-group metal prices recovered. “Despite the progress made, this does not provide a long-term solution to the capital structure challenges faced by Lonmin, as it is still inadequate to invest in the new projects necessary to avoid shaft closures and job losses and maintain our production profile,” Magara said in a statement on Friday.

  • Reuters13 days ago

    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 ...

  • Reuters2 months ago

    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.

  • Reuters2 months ago

    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 Telegraph2 months ago

    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's3 months ago

    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 StreetEvents4 months ago

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

    Full Year 2018 Lonmin PLC Earnings Call

  • Reuters6 months ago

    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 Standard7 months ago

    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.

  • Reuters7 months ago

    Lonmin gets $200 million purchase pact, committed to Sibanye deal

    Strapped for cash, Lonmin had unveiled plans to cut 12,600 jobs and have a further 890 merger-related layoffs when Sibanye agreed to buy out the company in December. Lonmin said it remains committed to the proposed deal with the South African competition tribunal's hearing set for Nov. 12 to Nov. 14. The funding agreement Lonmin has entered with an associate of Jiangxi Copper Company Limited is secured over Lonmin's assets and removes some restrictions present in the company's current debt facilities related to completion of the Sibanye deal.

  • Bloomberg8 months ago

    Sibanye-Lonmin Deal Clears Key Hurdle With Antitrust Support

    South Africa’s antitrust regulator recommended Sibanye Gold Ltd.’s acquisition of Lonmin Plc be approved, clearing a key hurdle for the deal that throws a lifeline to the struggling platinum producer. It may be approved if Sibanye tries to save about 3,700 jobs of the more than 13,000 it plans to cut over the next two years, the Competition Commission said on Monday. Sibanye’s acquisition of Lonmin is the latest in a series of deals by Chief Executive Officer Neal Froneman, who has transformed the gold miner by expanding into platinum-group metals and last year bought a U.S. palladium miner for $2.2 billion.

  • Reuters9 months ago

    Lonmin's largest shareholder backs takeover by Sibanye-Stillwater

    South Africa's Public Investment Corporation (PIC) said it will support a takeover of platinum producer Lonmin (LMI.L) (LONJ.J) by precious metals producer Sibanye-Stillwater (SGLJ.J). State-owned PIC is the largest shareholder in struggling Lonmin, holding 29.2 percent and is Sibanye's second largest shareholder, with an 11.2 percent stake. Lonmin has been the biggest casualty in South Africa's platinum mining industry which is under pressure from rising costs and muted prices.

  • Bloomberg9 months ago

    Top Sibanye Holders Are Said to Show Support for Lonmin Deal

    Three of Sibanye Gold Ltd.’s largest investors, controlling more than a third of its shares, have indicated they will vote in favor of its planned takeover of Lonmin Plc, according to people familiar with the matter. Gold One Group, Sibanye’s largest investor with about 19 percent, and South Africa’s Public Investment Corp. both told the companies they will support the all-share deal, said the people, who asked not to be identified because the information is private. Exor Investments UK LLP, which owns shares in both companies, has also indicated it will back the transaction, they said.

  • S.African platinum producer Implats to slash 13,400 jobs as costs bite
    Reuters10 months ago

    S.African platinum producer Implats to slash 13,400 jobs as costs bite

    Miner Impala Platinum will slash about a third of its workforce over two years in one of the biggest rounds of job cuts by one mining company in living memory in South Africa as the platinum industry faces a day of reckoning. The number of platinum miners employed in South Africa, the world's largest producer of the precious metal, has fallen from a peak of almost 200,000 in 2008 to 175,000 in the face of depressed prices and soaring costs, fuelling labour and social unrest. Job cuts are politically sensitive in the country and Mines Minister Gwede Mantashe, a gruff former trade unionist, called Implats' announcement on Thursday "a clear example of a company that is careless...Their reckless actions add injury to insult".