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
  +0.375p +4.11% 9.50p 9.00p 10.00p 9.50p 9.125p 9.375p 2,573,236 12:34:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 29.7 4.5 1.0 9.6 27.54

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Date Time Title Posts
21/7/201712:05Sylvania Platinum 844
07/9/201618:41Sylvania Platinum (formerly Sylvania Resources - SLV)1,579
07/9/201207:38GUARANTEED WINNER908
28/1/201213:14Silentpoint - Roaring buy4
29/5/200309:32GOLD 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 9.13p.
Sylvania Platinum Ltd has a 4 week average price of 8.50p and a 12 week average price of 8.50p.
The 1 year high share price is 14.13p while the 1 year low share price is currently 6.75p.
There are currently 289,876,009 shares in issue and the average daily traded volume is 1,484,861 shares. The market capitalisation of Sylvania Platinum Ltd is £27,538,220.86.
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%)
mnomis: There is absolutely no certainty in the short term ... a lot of investors will be sitting on a healthy profit, so incentive to take some profit is there, with limited news flow now. Longer term, I think you will be right that share price will be higher. As am sure neither of us are trying to day trade this (which would only make money for the market makers based on the spread), calling it to the day is neither here nor there.
redtrend: 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!
bookwormrobert: Well, if I were on the BOD of SLP I'd be recommending a dividend payment - if only for selfish reasons of survival. This company has so much cash and near cash it would be scarily easily for an outsider to organise a takeover, using the company's own cash reserves to partially finance it. In fact, I'm guessing that is one way this story ends if the share price doesn't move up soon.
dandadandan: It looks like we should also get ready for some more share buy backs, at these low prices, as the USD Platinum income flows into SLP. They will not want too much of the profits just floating around, as they will need to think about that dividend payment. A maiden dividend would certainly wake this share price UP, but that is just wishful thinking at the moment as the Platinum price bottoms out. GLA.
michaeld: My worry is that management and their backers may have been taking action to depress the share price whilst they arrange to do a low price buyout. This would in effect be a fraud on long time shareholders like me who bought in a few years ago at much higher prices, before the price of platinum fell. I hope that this is not the case, of course but a lot of twisters are able to roam the markets with apparent legal immunity? Some months ago we had a lot of legal guff from SLP about Bermudan takeover rules which I thought was ominous!
koolio: Fact that we have some large fluctuations in share price is nothing new and IMO is not cause for concern, at least we have some healthy volume to justify the share price movement (a bit) if you look at historic price swings and trade levels there was much less justification. MMs are greedy on this share and always have been. In the past it has been a bit leaky but I don't believe that this is the reason for the slide this time, most here have figured out the PoP and production will have positive effect, if and its a big if the funds are leaving on something we don't know it would be the planning/mining decision on the farms investment. I have seen some clear scare tactics on these BB regards unions and so on, not an issue, even mitigation of hydro mining paying off to avoid truckers Union issues. We are a considered a miner (although I would argue that we should be a recycler) in the SA trouble zones and do have many risks associated with that but we have an excellent health and safety record and labor record. They are clearly a good employer and that says loads to me, if the management were going to rip off the little guys they would have started with the staff and that is not the case. In these times, where 3 months is considered a long term hold, people are getting cold feet and there are many others waiting to benefit from that. Do your research and have confidence in your judgement.
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.
mick113: If we get some decent buying pressure (2-3m) around this 6.50p level,most likely the share price will shoot up. Overall as share price declines small percentage which doesn't matter over next week or so as results due in July, will make the company look hugely undervalued which it is anyway now. Dyor I will be rounding upto 500k now slowly from current 300k.
9tintin: Strange one, 'Capital' seem to be reducing just at a time when platinum is in recovery mode as opposed to the likes of 'Miton Group' who are adding to their stake. Maybe the Volspruit planning refusal has caused a rethink - but I would have thought the share price had little factored in for the opposite outcome. The improving p.o.p. together with reductions in costs going forward will feed straight through to the bottom line,,,,,,,,,,from a 2016 low of $816 Plat. has now recovered to a 6 month high($1077) and is still rising as I write ($1082). Meanwhile SLP's share price drifts at a 12 month nadir. SDO profits are going to spike next quarter if p.o.p. keeps going north, just got to be patient. tintin
Sylvania Platinum share price data is direct from the London Stock Exchange
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