Sylvania Platinum Share Discussion Threads

[glennborthwick] 14/2/2017 09:02

Market cap 35 million

strip out the cash and its about 25 million it looks like a PE of sub 4. Way too cheap.

Next 12 months will be a great time to gradually top op with a 30p target price on a two year timeframe.

[bountyhunter] 14/2/2017 08:52

2017 peak but that excludes exploration prospects

[kaos3] 14/2/2017 08:47

yep. waiting for a reasonable entering point at 10p

[mnomis] 14/2/2017 08:45

I have taken profits. Lots of risky SIB capex to come with Project Echo, PT weakening and lack of confidence re ability to pay dividend despite cash and results. Surely company could afford a dividend - now excuse is the platinum market?? Also 2017 is peak production. Still like company, but happy to be out for a better entry.

[glennborthwick] 14/2/2017 08:43

looks like the traders have cut the rise for now. but long term bodes well. 2nd half should be similar. loads of cash. we should see high teens on a 12 month time frame

[glennborthwick] 14/2/2017 07:59

Should be an interesting day

[bountyhunter] 14/2/2017 07:53

don't think so, they already indicated that they would increase guidance prior to these results which would have improved sentiment

[bountyhunter] 14/2/2017 07:53

excellent presentation;
market cap 33m, cash balance 12m (debt free), guidance increased, not many companies like this around

[kaos3] 14/2/2017 07:52

was there a leak?

[bountyhunter] 14/2/2017 07:47

updated corporate presentation...

[bountyhunter] 14/2/2017 07:29

yes interims out, look very good to me...

"Excellent Operational Performance, guidance raised to between 63,000 to 65,000 ounces for FY2017

The Directors are pleased to present the interim financial results for the period ended 31 December 2016. Unless otherwise stated, the consolidated financial information contained in this report is presented in US Dollars.

Financial highlights

-- Group EBITDA has increased to $9.22 million from $3.61 million in H1 FY2016 (H2 FY2016: $7.19 million);
-- Net profit increased to $4.52 million from $0.28 million in H1 FY2016 (H2 FY2016: $3.21 million);
-- Revenue has increased 32% to $24.55 million from $18.53 million in H1 FY2016 (H2 FY2016: $20.66 million);
-- General and Administration costs are down 27% to $0.88 million from $1.20 million in H1 FY2016 (down 17% from $1.06 million H2 FY2016);
-- Group cash balance increased to $12.68 million under-pinning the forth-coming capital expenditure for Project ECHO;
-- Business remains cash generative after tax and capital expenditure;
-- Company remains debt free.

Operations highlights

-- SDO production for the period totalled 35,819 ounces, (H1 FY2016: 29,519 ounces; H2 FY2016: 31,124 ounces);
-- Group cash costs decreased 16% to $425/ounce period-over-period (H1 FY2016: $508/ounce; H2 FY2016: $432/ounce);
-- Project ECHO commences and aims to deliver a further 10 years of sustainable production;
-- Steelpoort operation achieved the significant milestone of nine years Lost Time Injury ("LTI") free during the period..."

[kaos3] 14/2/2017 07:24

I was waiting for a long time and for the chart. now it can start. excellent results.

[glennborthwick] 13/2/2017 08:29

Traders positioning themselves for good results.

[bountyhunter] 10/2/2017 13:22

I'll go for the 2nd Monday in February like last year for this year's interim's (and revised guidance) which would make it Mon 13 Feb.

[redtrend] 06/2/2017 06:12

Only one of the many items we've been discussing could propel share price higher - upward revision to production guidance, positive update to dividend policy or chrome sale. As long as PGMs remain strong

I received google alert the other day stating report would be issued today, Monday 6th Feb before market open - guess we'll find out in a couple of hours if that's the case

Book - tend to agree with your cynicism!

[bountyhunter] 05/2/2017 13:18

we may be getting that half year report including revised guidance sooner rather than later? see post 755

last year the interims were out on Monday 8th February so Monday 6th February or very shortly afterwards seems like a very real possibility for this year's interims imho



Based on the quarter last reported ignoring the possibility of production continuing to increase, if maintained then that would make the yearly production around 18,562oz * 4 = 74,248, so maybe guidance will be increased from 60,000 to 70,000oz?

[darkinbad] 05/2/2017 12:09

Might be buyers in the US but the difference in trading volume and intensity from the morning to the afternoon is significant and certainly triggered by something.

[bookwormrobert] 05/2/2017 10:42

The timing of that rise at the close makes me think that there has been a leak from inside the company, and that there will be major news next week. Or am I being too cynical?

[bountyhunter] 03/2/2017 20:04

from the LSE BB...

[norsewebster] 03/2/2017 19:13

If the seller has finally gone then happy days. It took ages to break the 9.5p resistance area and now I believe that will act as support.

[mnomis] 03/2/2017 17:55

Was merely based on history of this stock, but I stand corrected ... pretty solid close.

[bountyhunter] 03/2/2017 15:38

also from the recent RNS: "A revised guidance is currently under review and will be announced in the forthcoming half year report to be published in February 2017."

[bountyhunter] 03/2/2017 13:35

that's how I'm thinking also Red and why I joined in here just recently having read the quarterly report

[redtrend] 03/2/2017 13:24

With Platinum hovering just below $1,000 and an increased cash balance of USD 12.7m, can't see why this would drop back to 8.75p for no reason, unless platinum takes a knock

With Market Cap of £29m, appears extremely undervalued

Interim Report should also be out next week, which normally includes statement on dividend policy - if there is a firm update and follow through on the dividend policy, could see share price increasing thereafter.