Share Name Share Symbol Market Type Share ISIN Share Description
Sylvania Platinum Ltd LSE:SLP London Ordinary Share BMG864081044 CMN SHS USD0.01 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.25p +1.72% 14.75p 14.25p 14.75p 14.675p 14.50p 14.50p 344,915 16:35:25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 38.8 10.1 2.3 6.7 42.26

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Date Time Title Posts
18/1/201804:39Sylvania Platinum 977
07/9/201617:41Sylvania Platinum (formerly Sylvania Resources - SLV)1,579
07/9/201206:38GUARANTEED WINNER908
28/1/201213:14Silentpoint - Roaring buy4
29/5/200308:32GOLD SILENT POINT SLP30

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Sylvania Platinum Daily Update: Sylvania Platinum Ltd is listed in the Mining sector of the London Stock Exchange with ticker SLP. The last closing price for Sylvania Platinum was 14.50p.
Sylvania Platinum Ltd has a 4 week average price of 13p and a 12 week average price of 10.75p.
The 1 year high share price is 14.68p while the 1 year low share price is currently 8.50p.
There are currently 286,539,266 shares in issue and the average daily traded volume is 1,090,351 shares. The market capitalisation of Sylvania Platinum Ltd is £42,264,541.74.
redtrend: I'm somewhat pleasantly surprised the SLP share price has held up given Platinum's weakness in December, but of course circa 38% of our PGM Basket Price is Palladium & Rhodium. And Palladium is still $1,000 and Rhodium still $1,550. Also perversely and in the long-run, Platinum weakness could actually be of benefit to low-cost operators like SLP. This Platinum weakness will mean the likes of Lonmin coming under severe pressure - more than they're already under and could be straw that breaks the camel's back. This could mean steeper production declines and quicker correction to the supply-demand dynamic (with a deficit already being predicted next year). The other positive could mean "non-core" Lonmin assets at fire sale prices, although not sure if any would fit in to SLP's portfolio (both operationally and geographically)?
canigou2: I agree share price is presently below fair value. But I'd personally prefer the instatement of dividends. SLP would be a far more attractive investment if paying regular dividends, and this would IMHO boost the share price. The recent cash generation supports paying dividends, even after the CAPEX on project Echo and the purchase of Phoenix platinum. SLP can afford it IMHO.
russman: A Divi may support the share price.
utrecht_00: I'm expecting 20p plus within 2 years- but I'd prefer the company to put itself up for sale. There is nothing else to prove here for management other than they cannot unlock share price value.
seagreen: terry is a good egg and has stayed loyal to this project from the heady days when we were being courted by AQP etc and is slowly building value back from the depths of the share price....I remain a huge fan and 30p will do for me in a few years time ayee
mnomis: Russman, don't think can be a punt on PGM prices, because shareholders have been told that the company could not pay dividends due to the PGM market (despite generating cash in current environment). Anyone got any views on the shareholder calling the shots? I see this share price getting weaker.
mnomis: @ Redtrend - re point b), SLP cash is above $15m. Valuation discount could surely be reduced by paying dividends, rather than an acquisition when the market attributes such a low market rating on SLP? So yes, operationally, company has done great. Strategically it is a different story - the share price / valuation multiple does not lie ...
mnomis: Keith, thanks for a good post, especially re additional colour on Phoenix. I did not miss Volspruit / Grasvally announcement - I just pointed out that Phoenix will not be doing any processing from either, and that $6.8m (don't forget the $.8m) is a not insignificant amount for SLP. Further, based on communications to shareholder's, I struggle to see SLP raising money to develop either - best to sell, potentially with some rights to tailings retreatment. Finally, I am long, but like the rest of the market (see volume / share price yesterday, despite otherwise excellent results) did not think much of the acquisition and management's failure to pay a dividend has been bothering me for a while as my concern is that they waste shareholder's cash on poor acquisitions. Management previously CLEARLY flagged dividends would be paid once cash went above $8m, but now we find out why they have not paid out dividends ... SLP should be trading a lot higher - wasting shareholder's money does not help.
master rsi: other reason for the share price moving higher from the lows lately ........ Metal prices slowly moving higher good news for SLP which produces mainly platinum (61.5%) and palladium and rhodium (38%) and gold (0.5%)
dandadandan: Weekly Review. What a bargain! Ask yourself why has this share price dropped so far? What has changed? It has previously been subject to professional assessments by fund managers who have invested in this (rare) income earning SA company . Now take the example of the Miton fund team who by their own admission used substantial resources to : 1. Conduct a rigorous analysis of all assets and liabilities of SLPs balance sheet, and the necessary adjustments, to ensure a significant margin of safety from any likely error in this analysis. 2. Analyse and reconcile SLPs cash flow statement which provides an insight into the company's funding position and its ability to sustain and cope with all economic outcomes. 3. Then analyse the overall company and examine its structure and its cyclical challenges. Since their assessment the only change that I can see is the Volspurit project delay? Yet this has not been priced into the share price yet. Remember also that inside informers already knew this result and told the newspapers on the 9th June 2015 that Volspurit would be delayed. Is the delay a bad thing in the current climate? So was this an oversight by the SLP BoD. Just like its lack of comment on its recent current share price drop? Have they all gone asleep as they see their shares and options drop in value? Not in my books. Something more is going on behind the scenes. Ok a couple of fund managers have moved and Miton may be changing its position but they only hold a marginal percentage. SLPs Mcap is below £19m and it has a steady cash flow. It must be in a position to issue a maiden dividend with possibly £10m+ cash available at the end of June, unless the BoD are still buying up those cheap, under 7p shares and putting them into treasury. This share price drop is being staged managed to shake you off IMO. There are under 300m shares issued with 70% held by institutions. 56m volume in the last 4 weeks. Lets see what happens in the next few weeks. DYOR and keep it simple. Just follow the Mcap comparison with its income and assets value. In my books this share price should be more than double. GLA.
Sylvania Platinum share price data is direct from the London Stock Exchange
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