Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Lonmin Plc    LMI   GB00BYSRJ698

LONMIN PLC (LMI)
Mes dernières consult.
Most popular
  Report  
Real-time Quote. Real-time Cboe Europe - 06/18 01:44:30 pm
44.7 GBp   -4.41%
01:13pLONMIN : Form 8.3 - Lonmin plc
PU
01:13pLONMIN : Form 8.3 - Sibanye Gold Limited
PU
12:18pLONMIN : Form 8.5 (EPT/NON-RI)Sibanye Gold Ltd
PU
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets
OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

South African Reserve Bank Approves Sibanye Gold's Proposed Acquisition of Lonmin

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/15/2018 | 11:43am CEST

By Carlo Martuscelli

Sibanye Gold Ltd. (SGL.JO) said Tuesday that it has received approval from the South African Reserve Bank to go ahead with the proposed acquisition of platinum producer Lonmin PLC.

The miner said that the transaction is scheduled to close in the second half of the year. It still has to be approved by shareholders of both companies as well as the competition authorities in the U.K. and South Africa.

There's been speculation among analysts and press that the deal could fall through if Lonmin isn't able to stem its outflow of cash.

"Lonmin is working closely with Sibanye-Stillwater towards completing the transaction during the second half of the year as planned," said Lonmin Chief Executive Ben Magara.

"Lonmin remains committed to its strategy of focusing on operational performance, controlling costs and preserving cash," he said.

Write to Carlo Martuscelli at [email protected]

Stocks mentioned in the article
ChangeLast1st jan.
GOLD -0.11% 1279.1 Delayed Quote.-1.80%
LONMIN PLC -5.91% 7.8 End-of-day quote.-44.56%
LONMIN PLC (ADR) 3.47% 0.6355 Delayed Quote.-45.68%
PLATINUM -0.52% 883.32 Delayed Quote.-4.68%
SIBANYE GOLD LTD 0.00% 8.6 End-of-day quote.-46.28%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on LONMIN PLC
01:13pLONMIN : Form 8.3 - Lonmin plc
PU
01:13pLONMIN : Form 8.3 - Sibanye Gold Limited
PU
12:18pLONMIN : Form 8.5 (EPT/NON-RI)Sibanye Gold Ltd
PU
11:58aLONMIN : Form 8.5 (EPT/RI)- Lonmin plc
PU
11:03aLONMIN : Form 8.5 (EPT/RI) - Sibanye Gold Limited
PU
10:33aLONMIN : Hsbc Bank Plc - FORM 8.5 EPT/RI) - Lonmin Plc
AQ
06/15LONMIN : Form 8.3 - LONMIN
PU
06/15LONMIN : Form 8.3 - Lonmin plc
PU
06/15LONMIN : Form 8.3 - Sibanye Stillwater Ltd
PU
06/15LONMIN : Form 8.5 (EPT/RI) - Lonmin plc
PU
More news
News from SeekingAlpha
12:29aDespite Favorable Long-Term Outlook, I Wouldn't Bet On Sibanye In 2018 
05/23LONMIN : Red Flags Persist 
05/18REUTERS : Sibanye CEO confident of Lonmin takeover despite cash burn 
05/15Sibanye-Lonmin deal to face U.K. competition probe 
05/14Lonmin's (LNMIF) CEO Ben Magara on Q2 2018 Results - Earnings Call Transcript 
Financials ($)
Sales 2018 1 237 M
EBIT 2018 -46,8 M
Net income 2018 -49,7 M
Debt 2018 5,16 M
Yield 2018 -
P/E ratio 2018 -
P/E ratio 2019
EV / Sales 2018 0,15x
EV / Sales 2019 0,24x
Capitalization 175 M
Chart LONMIN PLC
Duration : Period :
Lonmin Plc Technical Analysis Chart | LMI | GB00BYSRJ698 | 4-Traders
Technical analysis trends LONMIN PLC
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 10
Average target price 0,67 $
Spread / Average Target 7,6%
EPS Revisions
Managers
NameTitle
Bennetor Magara Chief Executive Officer & Executive Director
Brian Richard Beamish Non-Executive Chairman
Barend Johannes van der Merwe Chief Financial Officer & Executive Director
Jonathan Charles Alexander Leslie Senior Independent Director
Varda Shine Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
LONMIN PLC-44.00%175
AK ALROSA PAO--.--%10 395
WHEATON PRECIOUS METALS CORP4.93%9 791
KOREA ZINC CO LTD--.--%6 982
ANGLO AMERICAN PLATINUM LTD-3.63%6 918
CHINA NORTHERN RARE EARTH (GROUP) HIGH-TECH CO.-16.52%6 874