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Lonmin: Share prices, how to buy and potential costs
Fact checked
Lonmin is a leading global producer of platinum group metals (PGMs), which are used for industrial purposes as catalytic converters and in jewellery.
Its main operations are conducted in the Bushveld Igneous Complex in South Africa, where it mines metals such as gold, copper, nickel and cobalt.
The rest of this article will provide greater information about how to buy shares in Lonmin, as well as an important general checklist which should be considered before investing in shares.
Lonmin share prices
Take a look at Lonmin’s share price performance over the last three months. Monitoring the market is one aspect of the research you should do before investing in any company.
Do your research, check out Lonmin’s investor resources and stay up-to-date with any issues that might affect investors. As always, past performance is no indication of future results.
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Lonmin’s financial results from recent years
Check out how Lonmin has performed financially over recent years. Prices shown are in dollars.
| Lonmin Income Statement: | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|
| $ (millions) | $ (millions) | $ (millions) | $ (millions) | £ (millions) | |
| Revenue | 1,345 | 1,166 | 1,118 | 1,293 | 965 |
| Operating profit / (loss) | 101 | -1,079 | -322 | -2,018 | -255 |
| Net interest | -30 | -88 | -33 | -239 | -64 |
| Profit before tax | 68 | -1,170 | -355 | -2,262 | -326 |
| Profit after tax from continuing operations | 62 | –1,152 | -400 | -1,899 | -203 |
Key share information
When buying or selling shares in a company, it’s important to keep an eye on a range of issues related to that company. We’ll walk you through some of the key aspects to consider when trading shares in Lonmin.
General Lonmin stock information
A quick overview of Lonmin shares:
| EPIC | LMI |
| ISIN | GB00BYSRJ698 |
| Market cap | £141.96 million |
| Shares in issue | 282.79 million |
| Sector | Mining |
| Exchange | London Stock Exchange |
| Currency | Sterling pence |
| Indices |
|
Key personnel at Lonmin
Important appointments of key individuals can also affect share prices.
| Chief Executive Officer, Executive Director | Bennetor Magara |
| Chief Financial Officer, Executive Director | Barend van der Merwe |
| Executive Vice President, Human Resources Department | Khaya Ngcwembe |
| Executive Vice President, Technical Services | Mike da Costa |
| Executive Vice President, Stakeholder Engagement and Regulatory Affairs | Thandeka Ncube |
Key dates
It’s a good idea to know when Lonmin will be releasing its financial reports, as these will let you know how the company is performing and will have a big impact on the share price.
| Future events | |
|---|---|
| No future events scheduled | |
| Past events | |
| Drilling report | 27 July 2018 |
| Interim results | 14 May 2018 |
| AGM | 15 March 2018 |
| Annual report | 29 January 2018 |
| Final results | 22 January 2018 |
Other important information
- General company news. It’s important to keep up to date with the company news. For example, is Lonmin hiring or firing staff? Is it closing down any branches? Events such as these will have an impact on the share price of Lonmin.
- Industry news. You should also be aware of other external events and news that may have an impact on Lonmin’s share price, for instance, trends and changes in the sector.
General investor’s checklist
Before investing in any company or sector, you need to know the basics. Here are some very simple questions to bear in mind before buying shares:
- What does the company do? This might sound obvious, but can you explain what the company does in a few sentences? If you can’t, maybe you should go back to the drawing board.
- Is it making profits? This is a seemingly simple question. If you’re not sure whether a company is profitable, this could be a warning sign. Lonmin keeps investors up-to-date with any issues that might affect share price, from acquisition news to results of AGM votes.
- Who are the main competitors? Every company operates alongside competitors. Before you invest you need to know if the company is the market leader, a newcomer, a fast-growing disrupter or something else. If the company you’re considering investing in is global-facing, you need to keep an eye on foreign competition too.
- Who is running the company? You can’t compete with the knowledge of wealth management companies and big banks, but you can still do your homework. Any decent company will list its senior managers. Even a cursory look at this can tell you something about the company’s stability and management style.
- Is the company’s position sustainable? If you’re investing for the long term, you need to consider this question. If you’re looking for a short-term gain, perhaps this is less important.
- Is there room for future growth? Linked to the question above, what is the outlook for the medium to long-term? Has your company reached its maximum size?
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Frequently asked questions
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