Share Name Share Symbol Market Type Share ISIN Share Description
Sierra Rutile LSE:SRX London Ordinary Share VGG812641063 COM SHS NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 35.00p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 71.8 -6.4 -1.7 - 208.53

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DateSubject
10/12/2016
08:20
Sierra Rutile Daily Update: Sierra Rutile is listed in the Mining sector of the London Stock Exchange with ticker SRX. The last closing price for Sierra Rutile was 35p.
Sierra Rutile has a 4 week average price of 32.45p and a 12 week average price of 30.90p.
The 1 year high share price is 38.50p while the 1 year low share price is currently 0p.
There are currently 595,786,674 shares in issue and the average daily traded volume is 136,881 shares. The market capitalisation of Sierra Rutile is £208,525,335.90.
26/10/2016
06:58
p@: http://uk.advfn.com/stock-market/london/sierra-rutile-SRX/share-news/Sierra-Rutile-Limited-Merger-Update/72748409
08/7/2016
12:16
loobrush: Yep-all is in place for a long term share price rise-look what the share price was a few years back-could easily double over a year.
07/4/2016
16:25
snowyflake: Felix et al- with so many mining companies around either without a licence to mine or with difficulty in raising finance for infrastructure in order to start mining or in severe debt, it is refreshing to invest in a company like SRL without any of those problems. The problem that we have however is aligned with the interests of the iis and Pala and it is realising value. The ceo in the Proactive interview (see Proactive post above) wishes to move the company to the main market. It is one thing saying it; another to achieve it. He knows that there needs to be a free float of shares amounting to 25% of the issued capital. That would mean issuing upwards of 100 million shares but given the inherent value of the SRL assets that would mean getting the share price up to a decent level to enable that to happen without damaging the interests of Pala the iis and the private investors. That will need a good marketing exercise which I guess is where Numis come in. The alternative is that Pala seek a buyer off market for all or part of their shares which one would hope would put a decent floor under their exit price. I uphold that SRL is very undervalued - good infrastructure great deposits will which last many decades, manageable debt, a good work force and not to great a number of shares in the market.
02/11/2015
12:10
donk4: Thank you for these finds. Of course what the article does not refer to is that the company suffered indirectly from the effects of Ebola which accounted for part of the fall in the share price. Rutile prices appear to have bottomed and any rise will obviously benefit the company together with the commissioning of the Gangama dry mine in Q2 2016. That is why I believe that there is reference to a dividend and a hint as to the possible introduction of a dividend in that part of the analysts' presentation. There is then Sembehun to follow in due course. I personally cannot understand the rational behind a deal for the Japanese Government to buy into the company but it is possible that we could see some corporate activity. imo SRX are undervalued but DYOR.
20/7/2015
14:02
donk4: Pala added in April as did some directors. Pala are turnaround specialists and like to exit for a profit. The share price was over 80 pence last year. We do not know how far the purchaser of the company who made the approach was prepared to pay but it is unlikely that the iis and Pala will exit for less than a £1 per share. The company is undervalued as it stands and the share price will rise.
22/4/2015
17:36
bobsidian: Historically huge volume. In the absence of it being reflected in any meaningful share price movement, what does it signify ? It is also rare to see a share experience days on end of zero share price activity.
26/9/2013
10:54
brechin: Excellent presentation being given today by John Sisay about this top class company. For investors, the most interesting new piece of information is the projection of a potential dividend from strong cash flows which would give the shares a yield of 25% at the current price! Even if the share price rose by 150%, it would still yield 10%. Money for old rope INMHO
30/8/2013
07:49
weildy2: Mr Castro taking advantage of the fall in share price - again !! He certainly has confidence in the future of SRX.
03/6/2013
08:55
brechin: SRX has consistently said that it expected rutile prices to firm up during the year which is just what is happening. Clearly, the Far East market sales growth will have to offset the downturn expected from the EU. If this happens, the overall production/sale increase should offset any overall softening in the rutile price After all, 2012 was exceptionally strong. The market is expecting EPS of 10 cents, I believe, compared with 15 cents last year. There must be a good chance that EPS will not drop - and certainly not by 5 cents. That, together with the promised dividends, should auger well for the share price. I do have a technical concern about the proposed dividends. How can SRX pay a dividend when it has such large accumulated losses? Normally, a company has to go to the Court for a capital restructure before it is able to create distributable reserves. I have seen no mention of this requirement in any of the press releases. Any views from anyone?
03/3/2013
19:52
arphillips: I must admit I am disappointed to see the share price fall back below 60p again especially as there were significant director purchases at that price. In fact, it is the regular purchasing of shares by the directors that has given me the reassurance to stay invested here. Anyway, in view of the recent price weakness I revisited the recent Indaba Presentation and did some rough calculations based on their forecasted production and sales levels. Firstly, assuming the 47k of rutile sales in the second half of 2012 were at $1600 per tonne, I would anticipate a profit of $82m for the year giving rising to earnings per share of 16c. For 2013 the presentation shows rutile production of 125,000 tonnes (cash cost of $575 per tonne) with revenue forcasted at $210m. This equates to a rutile sales price of $1680 per tonne. Using these numbers I would anticipate a profit of $89m and therefore earnings per share of 17.5c so thats 11.7p and a current year P/E of just 5. That looks cheap to me. In 2014 when the Gangama Dry Mining Expansion comes on line the numbers start to look very exciting indeed. The presentation shows rutile production of 165,000 tonnes (cash cost of $500 per tonne) with revenue forecasted at $275m. This equates to a rutile sales price of $1666 per tonne. The increased volumes have a really benefical impact on earnings with profit increasing to $132m giving rise to earnings per share of 25.9c (17.3p). So thats a forward P/E of 3.5. Moving on to 2015 rutile production increases to 200,000 tonnes (cash cost of $425 per tonne) with revenue increasing to $320m (rutile sales price of $1600 per tonne). Once again the increase in volumes increase profit remarkably and I anticipate a profit of $166m equating to earnings per share of 32.6c (21.7p). These numbers might appear to be unrealistic at a glance. However, the first expansion project (lanti Dry Mining) has already been commissioned with attention now switching to bringing the Gangama Dry Mining expansion online early in 2014. It is this second expansion that gives the profits a real kicker as the IRR is exceptional. The profitabilty is obviously highly dependent on the price of rutile, however, these numbers are based on a rutile price of between $1600 to $1700 per tonne which doesnt appear unreasonable. So given time I'm hoping the share price is going to start reflecting these expectations or am being too optimistic/naive.
Sierra Rutile share price data is direct from the London Stock Exchange
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