Share Name Share Symbol Market Type Share ISIN Share Description
Jubilee Platinum LSE:JLP London Ordinary Share GB0031852162 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.05p +1.12% 4.525p 4.45p 4.60p 4.625p 4.475p 4.475p 1,502,261.00 15:14:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 1.5 -3.6 -0.4 - 46.96

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Date Time Title Posts
26/2/201717:23THE REAL NEW DAWN FOR THIS RISING STAR13,417.00
24/2/201714:04JUBILEE PLATINUM - NEW DAWN !39,786.00
24/2/201711:19...is this donkey aspiring to conquer everest peaks...228.00
03/2/201709:57TERRIFIC PLATINUM PLAY FOR 200713.00
03/2/201709:56Only worth 17p on fundamentals8.00

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DateSubject
26/2/2017
08:20
Jubilee Platinum Daily Update: Jubilee Platinum is listed in the Mining sector of the London Stock Exchange with ticker JLP. The last closing price for Jubilee Platinum was 4.48p.
Jubilee Platinum has a 4 week average price of 4.23p and a 12 week average price of 3.94p.
The 1 year high share price is 4.68p while the 1 year low share price is currently 2.68p.
There are currently 1,037,785,942 shares in issue and the average daily traded volume is 5,450,033 shares. The market capitalisation of Jubilee Platinum is £46,959,813.88.
09/1/2017
17:54
the bull: what a great day, sipp looking healthier by the day, jlp share price now repairing the value it once destructed
12/12/2016
12:38
aaspell: I think the share price languishes rightly on the past performance of the company and a wait and see approach. Whether you believe that the past performance does not reflect the current performance of the company or not - the historical view on JLP until the last 12 months or so is that this is a company that has made various promises that it then failed to deliver on. Take Leinster Nickel - never progressed to an operational project - now BHP want to remove JLP rights. Or the purchase of Breamore for Conroast - apart from test work at Mintek never operated a Conroast smelter or produced PGM for itself or indeed any third party. Perhaps Power Alt and the smelters at Middleburg - allegedly to secure its own power for smelters and conversion to Conroast when required - operated at a loss - sold at a loss - smelters never converted. Tjate License - lets not go there. So there is a massive history of failure to deliver (or being kind under delivery against that which people invested against). However one can also argue that all of these issues were hindered or prevented by the finical crisis - lack of available funding - lack of appropriate funding and the lower value of commodity prices making progressing such projects unviable. Did JLP do well just to stay in business albeit at significant pain to shareholders via SEDA facilities, significant share issues, warrants etc? So onto the current operations. When they say mine to metal company i imagine that still conjures images for lots of people of the rose concept of Tjate banging out PGM's which JLP would then concentrate and subsequently smelt using Conroast to be a truly mines to metal producer. Currently we are a middle man processor of chrome tailings with aspirations via Hernic and ASA to be a middle man producer of PGM concentrate that others will toll process / smelt. But to give the company some credit the front end chrome production at ASA is something they delivered to programme, with better than projected earnings. So why does the share price still languish? From a personal perspective it's a suck it and see approach. For every 1p increase in the share price it creates a £10 million uplift in the Market Cap (thats a lot when the projected revenues from Hernic are £18.9 million per annum) and its never been clear how much of that £18.9 million will be lost in costs for the toll processing. They company has two very clear and defined targets to achieve - the first is the commissioning of Hernic by the end of December 2016 with the second being their contractual obligation to deliver concentrate for sale in February. Miss the first and theres a chance that the second is delayed (we do not know what quantity of concentrate our obligation relates to either so miss the first and we could be short of production on the second). Hence with only two weeks to go i'm quite happy to hang out waiting for confirmation that Hernic is in the commissioning process and ramping up to production. I imagine there may be a slight drift upwards or even downwards until the market receives such confirmation but if they do hit that first target the 2nd naturally follows. If the project is in production then there will be something to sell come February and i'd expect to see the share price start rising to reflect this. Then the other "if" comes into play - how much concentrate will we produce against any contractual requirement and how much profit will we make after toll treatments. They will be obliged to RNS their first concentrate sales so in Feb we should know the volumes of concentrate we can produce - but they will not be obliged to divulge any cash or operating costs until the annual accounts - so to see any true profitability could be as far away as next December - however in the short term if they meet their requirements in Feb i see the share price picking up further. This is all relatively short term stuff - 2 1/2 months to end of Feb an RNS and possibly a mid March OPs update. If they meet target 1 i will then hold on again for confirmation of target 2. For those people who comment on daily buys / sells etc there is nothing to suggest any significant interest in the company. Volumes are tiny against shares in issue a million share buy simply shows an individual is optimistic of the share price moving north - but of course there is someone else happy to sell an equal volume. (maybe necessity, maybe seeking better returns, maybe if they bought low happy to take a 10, 20 30% profit and move on.) Until we see volumes in the 2 or 3 % of shares in issue (so 20-30 million traded) i'd not read anything into small buys. And if the share price does start to move north then id also expect to see a lot of holders happy to sell out at break evens or smaller profits just to be out of what for some will have seemed a very poor investment over time. Anyhow just my thoughts - no advice intended - but for me end of Dec is critical to any increase in Jan and Feb and then Feb production figures should be another key mover if achieved and throwing off enough cash that the accounts in Dec 17 cannot show a loss (unless something screws up between now and then !!)
02/12/2016
11:26
deme1: Although i can see it now JLP share price Dec 2017 - 70p Bullster "Confetti Colin said we would be a mid cap, long way off the £'s promised" All the while the elite few on this BB would already be sitting on a 30 bagger
22/11/2016
17:24
sharenotes: Take three fifths of the JLP share price and three eighths of the JBL share price and form a triple product with the complex conjugate of zero and the insight you desire will be revealed. This is such a well known rule that I am very surprised you seem to be unaware of it.
27/10/2016
11:50
freedom97: My post yesterday re. 1p to 5.5p (5.45) was in reply to sharenotes question, as he/she asked what will drive the share price higher without professional interest. I was just pointing out that pi's can drive the share price higher just like in August last year. I think some are missing the the important point I was making. Some have posted saying the volume is low, which it is at moment, although it's a lot higher than in the past, but this can change very quickly like it did in August last year. The rise to over 5p was not because of any RNS as the RNS before the 4 Aug 2015 was dated 21/07/2015 'Update Notice of GM and Invite to Live Webcast'. The volume on 3/8/15 was 49.7m traded with 712 trades. On the 4/8 when offer price went to 5.45p and bid to 5.40p as stated yesterday the volume was 107.9m with 1,526 trades. The reason the share price dropped back was because an RNS was issued at 12:57 on the 4th 'Statement regarding share price movement', in that RNS they also confirmed, they were in advanced talks with a major financial institution to secure the debt element of the project financing required to bring its two surface platinum processing plants into operation. It was the mention of the £13.71m capital required that caused many to sell that day, that's why the share price closed at 4.55p otherwise the share price would have remained high. If you don't believe me check the RNS's. My point is, volume can increase rapidly on no news as it did last year, although we were expecting project news re. ASA & Hernic. Just like we're expecting much news now. The question is what caused August last years rapid increase in trades?? Was it due to many pi's posting on twitter, telling pi's to buy (I never checked at the time) does anyone remember? I did see lots of posts on the ADVFN traders thread at the time but I don't believe that would have caused the huge increase in trades. Also, I never saw any mention in the press about Jubilee. Or was it just that hundreds of pi's had JLP on their watch list and as the share price and volume increased they all jumped on board or some other reason? I can understand huge volume like what happened when the share price here rose from 20p to 60p within a couple days due to the Tjate Resource statement release at the time back in 2009 but last years increase was not based on an RNS. So in conclusion, Jubilee is more known to the market than many think and if like last year, then hundreds of pi's might still have JLP on their watch lists. I suspect once the price goes over 3.8p?? they will all pile in, like in August last year. Hopefully this time due to being already fully funded the price won't drop back down, due to all the positive news we're expecting. As Always DYOR!
06/9/2016
22:56
master rsi: short term for JLP share price
06/9/2016
19:49
dandadandan: Platinum has hit $1100 and we should see a move towards $1170 next IMO. Someone over on iii reckons that on their calculation the JLP share price should have a target share price at 7:1 PE worst case of 33.1p, best case 58.8p - once in full flow. Quite a methodical calculation as well (just ASA and Hernic alone). I still reckon this is heading for 7p by the end of the year and then onwards and upwards. About to transfer more funds from the bank savings into JLP as it should provide a healthy 6 month return on capital IMO. If you do not take a risk you cannot expect a reward. This investment certainly has been de-risked substantially IMO those MMs cannot hide away that lowly Mcap figure and all of those income streams coming on line. GLA.
12/7/2016
08:22
deme1: This is from Sharetrooper121 over on lse "Many here have missed this its the KEY driver for the share price IMO. For 5 years the RAND has been dropping since 2010 now its reversing and every ounce of Chrome or pGM we sell in RAND converted back to UK £ is much better for JLP share price". can someone who is a member of LSE please correct him and tell him we pay wages in RAND so the weaker the rand the better, we will be selling our platinum in $'s so the stronger the $ the better. He does come across as slightly bipolar though lol
15/4/2016
07:34
mcluvin: Bullster surely you've learned now that pop is no relevance to JLP share price. We are a proud chrome producer! Volume selling at 2.8p this morning.
13/4/2016
10:25
aaspell: Ok so i'm going to stick my neck out for some flak and put a ballpark low, med and high value on the share price based upon full production of PGM's against JLP's own target figures and with no consideration of Tjate or license granting. I've used the following JLP figure for full production of approx 33,000 oz PGM's per annum. Current shares in issue of 989,212,194 (irrespective of what may happen with options, share schemes and future share issues) In the low scenario i've looked at Sylvania Platinums annual report. SLP do exactly the same as JLP's proposed model in so far as they recover PGM's from surface dumped of chrome tailings. They currently do this at 7 sites. (1 of which is JV'd) Low case SLP produced 57,587 oz PGM's creating revenues of $47,790,535 = ave basket sale price last year of $830 per oz. SLP had a cost of sales of $41,280,681 and other admin / expenses of $2,905,398 so total costs of $44,186,079 which when divided by oz produced = ave cost per oz of $767 Revenue less costs = $3,604,456 After tax etc Net profit of = $1,696,889 Share in issue 297,850,449 EPS $0.005 = 0.35 pence Current share price of 6.625 pence P/E of 18-19 So JLP target 33,000 At SLV revenue and costs JLP would have revenue of $27,386,040 with costs of $25,311,000 providing $2,075,040 profit before tax - SA Corporation tax @28% so net profit could be $1,494,028 Shares in issue 989,212,194 EPS $0.0015 = 0.10 pence P/E of 19 Share price approx 1.9 pence Medium Case Use SLP revenue price of $830 per oz gives revenue of $27,386,040 Use lower cost per oz to allow for less cost in only running 1-2 sites rather than 7 etc and say costs per oz are $650 and total cost of sales = $21,450,000 Profit before tax = $5,936,040 net profit could be = $ 4,273,948 (after 28% tax) Shares in issue 989,212,194 EPS $0.0043 = 0.30 pence P/E of 19 share price approx 5.7 pence High case All based on JLP figures Revenue basket price $906 = total revenue of $29,898,000 Costs of less $600 (say $600) = total cost of sales $19,800,000 Profit before tax = $10,098,000 net profit could be = $7,270,560 Shares in issue 989,212,194 EPS $0.0073 = 0.51 pence P/E of 19 share price approx 9.6 pence So provided JLP have their costs per oz right within 10% and manage a sale price per oz of between $830 and $906 then on the current tailing projects alone in production this should be in the 6 to 10p range. However failure to deliver on cost to produce or lower sales prices than last years average could see this stay around 2p when in full production. I guess we have until the end of 2017 to find out how many oz they can produce and the direction of PGM prices and JLP costs to produce.
Jubilee Platinum share price data is direct from the London Stock Exchange
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