Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksLonmin Share News (LMI)

  • There is currently no data for LMI

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

BUZZ-Lonmin: At record low as restructuring prompts PT cuts

Mon, 27th Jul 2015 14:25

(Updates share movement to add record low, link to Fridaystory)

** Platinum miner's shares down 10 pct to a recordlow of 56p, after Citi, Credit Suisse, JP Morgan, and DeutscheBank cut price targets

** Worst two-day fall for co since Oct. 2008, with 1.2x itsdaily avg volume having gone through

** Shares fell to previous low of 68.1p on Friday after coannounced that it would cut production and layoff up to 6,000workers

** Brokerages cite company's announcement for PT cut; addthat rights issue remains a possibility

** Citi analysts cut PT to 78p from 113p, keep "neutral/highrisk" rating, after cutting their net present value to 78 cents

** JP Morgan analysts cut PT to 100p from 190p, keep"neutral" rating

** Deutsche Bank analysts cut PT to 160p from 190p, keep"neutral" rating

** Credit Suisse analysts cut PT to 160p from 250p, keep"outperform" rating (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)

More News
29 Jun 2018 15:49

Lonmin To Sell 50% Stake In Petrozim Line For USD14.8 Million

LONDON (Alliance News) - Lonmin PLC said Friday that it will sell its 50% stake in Petrozim Line Ltd to the National Oil Infrastructure Co of Zimbabwe Ltd for USD14.8 million.In addition,

Read more
31 May 2018 12:49

Sibanye Remains Convinced Of Lonmin Buy Benefits As Deal Progresses

LONDON (Alliance News) - Platinum group metals producer Sibanye-Stillwater Ltd on Thursday said its takeover of Lonmin PLC is progressing as planned, as it aimed to reassure investors in light of

Read more
21 May 2018 17:34

LONDON MARKET CLOSE: Stocks Hit Record Highs As Trade Tensions Cool

LONDON (Alliance News) - Stocks in London surged to fresh record highs on Monday as investor sentiment was buoyed by the prospect of a US-China ceasefire as trade tensions between the two global FTSE

Read more
14 May 2018 07:44

LONDON MARKET PRE-OPEN: Centrica Doing Well; Indivior Ends Dispute

LONDON (Alliance News) - Stock prices in London are seen opening marginally lower on Monday as a stronger pound drags the FTSE 100 index, as Centrica reported improved performance in

Read more
16 Mar 2018 08:24

Sibanye-Stillwater Submits Competition Authority Filing For Lonmin Bid

LONDON (Alliance News) - Lonmin PLC said Friday that Sibanye-Stillwater has submitted a filing to South African competition authorities regarding its proposed GBP285 to

Read more
13 Mar 2018 16:42

Lonmin Non-Executive Director Len Konar To Retire From Board

LONDON (Alliance News) - Lonmin PLC said Tuesday that Non-Executive Director Len Konar has decided to retire to pursue an international opportunity.Konar has been a of

Read more
8 Mar 2018 15:40

UK Shareholder Meetings Calendar - Next 7 Days

Friday 9 MarchArden PartnersMonday 12 Marchno events 13 Commodities Income Investment

Read more
27 Jan 2017 14:09

Friday broker round-up

(ShareCast News) - Diageo: Berenberg reiterates buy with a target price of 2430p. Royal Dutch Shell A: HSBC reiterates buy, 2600p target. Vodafone: Deutsche Bank reiterates buy with a 285p target. Anglo American: UBS reiterates neutral with a 1250p target. Easyjet: Deutsche Bank reiterates hold w

Read more
26 Jan 2017 12:49

Lonmin reports lower output as protesters demand compensation

* Share price falls sharply * Analysts doubt Lonmin's ability to deliver on sales guidance * Protest at London AGM demands compensation By Zandi Shabalala LONDON, Jan 26 (Reuters) - Lonmin reported weaker than expected output on Thursday, causing analysts to raise doubts o

Read more
19 Jan 2017 16:18

UK Shareholder Meetings Calendar - Next 7 Days

Read more
9 Jan 2017 17:00

Monday broker round-up

(ShareCast News) - Reckitt Benckiser: Berenberg reiterates hold with a target price of 7300p. EnQuest: Jefferies upgrades to buy with a 64p target. Booker: HSBC stays at buy with a 220p target. Anglo American: Barclays reiterates overweight with a 350p target. ICAP: HSBC upgrades to buy with a 52

Read more
7 Jan 2017 21:23

RPT-UPDATE 2-Zuma's ex-wife given boost in South Africa leadership race

(Repeats to additional subscribers) * ANC women's league backs Dlamini-Zuma as party leader * Party to pick successor to President Zuma in December * Dlamini-Zuma is Zuma's ex-wife, African Union chair * Vice President Ramaphosa expected to be main rival By Joe Brock

Read more
15 Dec 2016 15:17

South Africa's Zuma studying report on suspended police commissioner

JOHANNESBURG, Dec 15 (Reuters) - South Africa's President Jacob Zuma has received the final report submitted by a watchdog investigating allegations of misconduct of the suspended national police commissioner, his office said on Thursday. Zuma launched an investigation into Riah Phiyega's r

Read more
14 Dec 2016 09:32

BROKER RATINGS SUMMARY: Deutsche Bank Cuts Centrica To Sell From Hold

Read more
12 Dec 2016 16:00

Lonmin promises housing plan after S. Africa's Zuma threatens to revoke permit

* Zuma says Lonmin must file compliant plan or risk losing permit * Warning puts pressure on Lonmin to spend on workers' housing By Tiisetso Motsoeneng JOHANNESBURG, Dec 12 (Reuters) - South Africa-focused platinum miner Lonmin is confident of submitting a plan to build workers'

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.