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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Lonmin Plc    LMI   GB00BYSRJ698

LONMIN PLC (LMI)
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Delayed Quote. Delayed  - 08/20 05:35:06 pm
37.98 GBp   +1.88%
02:56pLONMIN : Form 8.3 - LONMIN PLC
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02:16pLONMIN : Form 8.3 - Sibanye Gold Ltd (Sibanye-Stillwater)
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12:27pLONMIN : HSBC BANK PLC - Form 8.5 (EPT/RI) - Lonmin Plc
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South African Reserve Bank Approves Sibanye Gold's Proposed Acquisition of Lonmin

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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 carlo.martuscelli@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
GOLD 0.46% 1189.09 Delayed Quote.-8.93%
LONMIN PLC 1.88% 37.98 Delayed Quote.-55.35%
LONMIN PLC 9.55% 7.23 End-of-day quote.-48.61%
LONMIN PLC (ADR) 0.00% 0.465 Delayed Quote.-60.26%
PLATINUM 0.82% 793.86 Delayed Quote.-15.54%
SIBANYE GOLD LTD 0.92% 7.72 End-of-day quote.-51.78%
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News from SeekingAlpha
06/28Sibanye?s takeover of Lonmin approved by U.K. regulator 
06/18Despite 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 
Financials ($)
Sales 2018 1 266 M
EBIT 2018 -34,5 M
Net income 2018 -27,0 M
Finance 2018 14,0 M
Yield 2018 -
P/E ratio 2018 -
P/E ratio 2019
EV / Sales 2018 0,09x
EV / Sales 2019 0,14x
Capitalization 134 M
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Income Statement Evolution
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Mean consensus UNDERPERFORM
Number of Analysts 10
Average target price 0,52 $
Spread / Average Target 9,0%
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
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