Share Name Share Symbol Market Type Share ISIN Share Description
Sirius Minerals LSE:SXX London Ordinary Share GB00B0DG3H29 ORD 0.25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.75p +3.90% 20.00p 19.75p 20.00p 20.00p 19.25p 19.25p 117,054,040.00 12:18:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -7.5 -0.3 - 832.90

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Date Time Title Posts
07/12/201611:06SIRIUS MINERALS PLC -(Moderated) Potash Powerhouse in the North Yorkshire Moors24,496.00
05/12/201607:53SIRIUS MINERALS PLC York Potash Project largest polyhalite resource in the world1,045.00
01/12/201608:06Bullish chart on SXX!288.00
16/11/201608:51The 1.5 pence thread9.00
16/11/201608:51SXX chart : Last chance to buy!30.00

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Sirius Minerals Daily Update: Sirius Minerals is listed in the Mining sector of the London Stock Exchange with ticker SXX. The last closing price for Sirius Minerals was 19.25p.
Sirius Minerals has a 4 week average price of 20.68p and a 12 week average price of 29.60p.
The 1 year high share price is 51.75p while the 1 year low share price is currently 10.50p.
There are currently 4,164,514,405 shares in issue and the average daily traded volume is 67,189,184 shares. The market capitalisation of Sirius Minerals is £822,491,594.99.
netley lucas: 'Twixt PCOK, it's the only opportunity we ever get to use it, don't waste it. For 20 to become support the share price actually has to get above it, for the poster who suggested this notion. Surely ongoing Stage 2 $2,600,000,000 debt discussions will also be a factor in the share price movement?
deanroberthunt: @not my real name the proof is in the share price you moron, how does a share price get to 17p (the low point last week) when gazillions of shares we're issued at you think they're all selling at a loss.....!!?? No, it's because they can sell below 20p because they forward sold most from 40p down to 22p, blended average....and I would argue it is illegal, why weren't retail investors allowed to do the same then, why were only the IIs et al party to this activity...if not illegal, it stinks.
investment dave: There are good reasons to think that Sirius Minerals could turn your pennies into pounds over the years ahead. The global population continues to rise and people will need feeding, and polyhalite fertiliser will help farmers do that, assuming no better alternative is found. Management estimates the project has a net present value of $15.2bn, with prospective annual earnings of between $1bn and $3bn, yet its market capitalisation is just £730m.However, more share price volatility seems baked-in. Investors will take short-term profits and move on. Speculators will blow hot and cold. Some will simply lose interest and drift away. I plan to let my initial stake run, regardless of the news flow, because I believe that in five or 10 years time I will reap the rewards. The only question is whether the share price will fall even further to, say, 15p or 10p, and whether I should buy more if it does. I probably will.If you're looking for a more immediate growth prospect, we have one for you right here.This mid-cap company has been turning on the style lately and one of the Motley Fool's top analysts reckons it's the latest British brand with the potential to go global.
bazzer13: Ive not bought here yet but as i live not far from the area ive been watching closely, When it went into the 40,s i thought i had missed my chance but also thought very overvalued, And can also see it coming to 20-21p after the issue of new shares, and ill buy and hold for the longer term as i see it taking 5-7 years to pay off, i did same with imm and thats not far away from paying off if all goes well this next year, I have a question here, does anyone have a idea what this would be valued at when in production, how many billions? At the moment sxx is valued about 550 million at 24 p add in 1.2 billion at 20 placing price, so 1.750 billion, So roughly a share price of 80 values sxx at 7 billion, am i right,we need to know a rough guide to the value to put a share price on it,
kenmitch: kibes I agree and posted that the SXX share price could go higher. Shares can get crazily overvalued and also go far too low. Yes, many sold ASOS too soon and the same will happen (and probably already has) with BOO. But both BOO and ASOS are very different to Sirius. They have an exciting business model and were getting revenues from the start, and with no need to invest $3 billion plus to build a new mine.
henryatkin: My biggest concern is that NPV per share is 50p while PBV is around 8p. The mining sector trades on an average of 1.2 Book Value. If the potash price falls another 50% PNPV falls to 25p so for institutional investors NPV may not be a stable enough measure of value whilst Book Value is a companies worth today. Between 1x & 2x Book Value now seems tops to me. Thats between 8p & 16p. If you look back at the chart that's close to where the two major longer term supports are. Strikes me the price is being worked down to a level where a substantial discount to the closing share price will be offered to new buyers. The insti's were never going to buy at anywhere near 50p. I reckon a share price of sub 20p with a discount to the new placing, probably between 8p & 16p. imho.
henryatkin: Christopher.... No, a higher share price makes it more difficult. A major investors will calculate his own value so if he thinks the company is only worth £250m he will be put off by a share price that gives a market capitalisation of £1bn. There is no way he will pay 4x what he thinks the company is worth. He will work out what he thinks the production income will be and the cost of getting into production. On this size loan they won't take the companies figures but will want to do their own. After that they will determine a maximum value for the company. They will then divide that value bu the total number of shares they think will be in issue after the deal is done and thats the top share price they would accept. But they will want a built a factor of safety into the calculations to cover the large costs of doing their due diligence so will demand a discount to that share price. An issue for funding in our case is that pension funds and income funds make up the majority of institutional investors and they want returns immediately to pay their pensions & income investors. They are not interested in waiting five years, they need the income right now, so they won't be investing. To a lesser degree the same applies to banks. They don't want to wait five years before getting a ROE. Its only the smaller growth funds and higher risk taking hedge funds that will be funding us.* *edit - on stage 1.
henryatkin: Divmad... A typical example of companies I own that you ask can compare with SXX for five year growth with less risk: AMS for example is one I hold. Its still only £483m Mcap which is half of SXX and its increase turnover every year without fail since 1995 and became profitable with no debt in 2006. Since then its share price has increased 2300%. I believe it has every chance of outperforming SXX over the next five years. Unlike SXX its not reliant on commodity prices which could realistically fall another 50% and it has a moat that allows it to to pass any inflation costs onto its customers. It has no debt or pension debt and has a very good chance of takeover @ a high premium to its share price. Add to that its held by almost every smaller company fund which makes it very defensive in difficult times. In 2008 its share price actually went up 40% while the bottom fell out of the market. In my opinion it is a far better risk adjusted investment than SXX over the next five years. I could go on with dozen other examples such as CWK, ABC or JD., but I don't think this is the place to do it.
analcime: stoaty1.. thanks for the thumbs up.. I was led to believe that The role of the market makers is to ensure that there is a ‘market’ for the shares floated on the exchange, i.e. that a sell price and buy price is quoted within market hours, in a minimum number of shares. As such, market makers are an essential element of the day-to-day workings. Market makers have to provide liquidity in a certain number of shares. If there is sustained buying from investors, then they have to continue to ‘sell’ and could potentially end up disposing of more shares than they currently hold, putting them in a ‘short’ position. To avoid this, and to reflect the fact that many investors will start ‘cashing’; in when share prices go up, we get the fluctuation on the intraday price I'm pretty certain thet there is only a small percentage of the company’s shares actually available in ‘free float’ in the market. Therefore, any medium size investment or sustained trading in one direction may result a massive movement in the share price as there may be a lack of supply – or, indeed, oversupply. The order book is there for the MM's to balance a sell and buy thats why they move the price accordingly. The MM's will go to auction to stop trading for a short while if they are caught with their pants down. And also note the MM"s KNOW AND CAN SEE all stop losses. IMHO DYOR
troc1958: This share price movement indicates that the assumed "rights issue" price (and equity issue to IIs) will be around range of 18p (or lower). Share price will be "range bound" until SXX state their "equity issue" price. If its going to be a "rights issue" then there is a fine balance between issue price and the price the market perceives as "fair value". Generally you find the share price settles about 10-20% above the rights price just prior to announcement (to ensure a good take-up). I cannot understand why the current share price is sitting around 16.5p, unless the rights issue price is 15p or less; which would be very surprising considering the upward potential of this company (i.e. lower the price the more dilution to raise the required funds). I and I am sure all current shareholders would be very aggrieved if the equity issue is NOT a "rights issue", but instead an issue to Institutions / selected shareholders only at a price well below current price .... comments?
Sirius Minerals share price data is direct from the London Stock Exchange
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