Kodak’s share price is down today after the company announced it will be selling its imaging business to a consortium of investors for $525 million. Kodak has been struggling in recent years as the demand for traditional film products has declined and competition from digital cameras has increased. The sale of the imaging business is part of Kodak’s ongoing effort to restructure its operations and focus on more profitable businesses.
Kodak’s share price has been on a roller coaster ride over the past year. After reaching an all-time high in January 2018, the stock plunged more than 70% by August. It has since rebounded somewhat, but is still down about 50% from its peak.
What’s behind Kodak’s volatile share price? There are a few factors at play.
First, Kodak is in the midst of a major transformation.
The company is trying to reinvent itself as a player in the digital age, and that transition has been far from smooth. Investors have been worried about Kodak’s ability to execute its turnaround plan, and that uncertainty has weighed on the stock.
Second, Kodak has been hit hard by tariffs.
The Trump administration’s trade policies have added costs and created headwinds for the company, which is struggling to compete against lower-cost rivals.
Finally, Kodak’s share price is also being affected by broader market forces. The overall market for photography equipment has been declining in recent years as people increasingly turn to their smartphones for snaps instead of dedicated cameras.
That trend is unlikely to reverse anytime soon, putting pressure on Kodak’s business.
Looking ahead, it remains to be seen how well Kodak will fare in its transition to the digital age. The company faces some significant challenges, but if it can successfully navigate them then its share price could rebound sharply.
Prem Share Price
If you’re looking for information on the current Prem share price, you’ve come to the right place. As of 12:00pm on December 18th, 2019, Prem shares were trading at $0.92 per share. This price is up from the previous day’s close of $0.87 per share, and is also up from the 52-week low of $0.80 per share.
Investors are likely pleased with the company’s recent financial results. For fiscal 2019, Prem reported revenue of $1.03 billion and net income of $31 million. This was an improvement over fiscal 2018, when Prem reported revenue of $997 million and net income of $24 million.
The company’s bottom line was helped by a reduction in operating expenses, which fell from $979 million in fiscal 2018 to $953 million in fiscal 2019.
Looking ahead, Prem is well-positioned for continued growth. The company has a strong balance sheet with plenty of cash on hand to fund future expansion plans.
Credit: stocktwits.com
Is Kodal Minerals a Good Investment?
Kodal Minerals is a company that is involved in the exploration and development of minerals in West Africa. The company has a portfolio of projects in countries such as Mali, Senegal and Ivory Coast. Kodal Minerals is listed on the London Stock Exchange AIM market (ticker: KOD).
The company’s flagship project is the Bougouni Lithium Project in southern Mali, which covers an area of 1,350 square kilometers. The project has an estimated Mineral Resource of 11.8 million tonnes at 1.24% Li2O and is currently undergoing a pre-feasibility study.
Kodal Minerals also has a number of other projects at various stages of development, including the Dabakala Iron Ore Project in Ivory Coast and the Falémé Iron Ore Project in Senegal.
So, is Kodal Minerals a good investment? There are certainly some positives to consider. The company has a strong portfolio of projects in West Africa and its Bougouni Lithium Project looks particularly promising.
In addition, Kodal Minerals is traded on a major stock exchange (London AIM) and so it should be relatively easy to buy and sell shares in the company if you’re looking to invest.
However, there are also some risks to bear in mind before investing in Kodal Minerals. These include political risk associated with operating in West Africa as well as operational risk inherent in any mining project (e.g., delays, cost overruns).
So potential investors need to weigh up these risks against the potential rewards before making any decision on whether or not to invest in this company.
How Can I Invest in Kodal Minerals?
Kodal minerals is an exploration and development company with a focus on battery metals in West Africa. They are listed on the London Stock Exchange AIM market and their ticker symbol is KOD.
The company has two main projects: The Bougouni lithium project in Mali and the Kodal phosphate project in Senegal.
The Bougouni lithium project is currently at the pre-feasibility stage. The project contains a JORC compliant resource of 11.8Mt of lithium oxide. The company plans to produce 100,000 tonnes per year of spodumene concentrate from this project.
The Kodal phosphate project is located in the north-east of Senegal near the town of Kidira. The project contains a JORC compliant resource of 30Mt of phosphate ore grading 29% P2O5. The company plans to produce 1Mt per year of phosphoric acid from this project which will be used as fertiliser in Africa.
To invest in Kodal minerals you can buy shares through a broker or online trading platform that offers access to the London Stock Exchange AIM market.
SELL OFF! Why this happened to Kodal Minerals Stock & Premier African Minerals Stock
Conclusion
Kodak’s share price has been on a roller coaster ride over the past few years. After hitting an all-time high in September 2016, the stock crashed to below $5 per share by early 2018. It then staged a modest recovery, but has once again fallen back in recent months.
As of February 2019, Kodak’s share price is around $3.50.
What’s behind Kodak’s volatile share price? There are a few factors at play.
First, Kodak is a cyclical stock, meaning that its performance is closely tied to the overall health of the economy. When the economy is doing well, demand for Kodak’s products (primarily film and printing services) increases, driving up the stock price. Conversely, when the economy slows down, so does demand for Kodak’s products, leading to a decline in the stock price.
Second, Kodak has been struggling to adapt to changes in technology. The rise of digital photography dealt a major blow to Kodak’s traditional film business, and more recently, the shift away from printed photos and toward digital storage and sharing has hurt its printing business as well. While Kodak has made some progress in diversifying its product offerings beyond film and prints (into items such as printers and software), it hasn’t been enough to offset declines in these core businesses.
Finally, investors are worried about Kodak’s financial stability. The company has significant debt (around $1 billion as of early 2019), and its ability to generate cash flow and profits has been inconsistent over the past several years.
