Jubilee Metals Share Discussion Threads

[robers98] 02/4/2019 14:05

Anything on the new twitter page?

[frogkid] 02/4/2019 14:05

we could be on here chaps, tally ho and death to the besmirchers!

[gsg] 02/4/2019 14:00

Cantor Fitzgerald have retreated from dominating the offer for the first time in months.

[alwaysevolving] 02/4/2019 13:58

Deme, you have called this correctly for a good while or at least as the share price showed it however you can’t have it both ways Mate! Complain when it’s falling and complain when it’s rising!

If you’re holding a sizeable amount and underwater then surely you must be pleased that the company finally appears to be turning it around?

[freedom97] 02/4/2019 13:53

I note that last December on Jubilees website, showed Vidacos Nominees Ltd held 43,003,141 shares. In the latest Significant Shareholdings list Vidacos are not listed. Wasn't it them that held the BMR holdings?

[goldibucks] 02/4/2019 13:48

How many times have you called it a dog? You’ve been bitten. :-)

[deme1] 02/4/2019 13:42

Thanks JLP

You could have waited until tomorrow!

[frogkid] 02/4/2019 13:07

picked up 200K this morning, this could be just the time!

[goingforarun] 02/4/2019 13:06

Hoping the blue touch paper has been lit!

[goingforarun] 02/4/2019 13:06

Hoping the blue touch paper has been lit!

[nelson01] 02/4/2019 13:01

Every small buy seems to be pushing the price a little higher....overhang must be cleared.

[frogkid] 02/4/2019 12:47

looks like a price breakout

[frogkid] 02/4/2019 12:42

yep, hell of an ordeal to be in a cyclone in a small boat...

[the bull] 02/4/2019 12:37

come on tell us more about moz while we wait

[lostabillion] 02/4/2019 12:26

Trip cut short! Been back in Blighty since Sunday.

Long story but managed to escape the awful situation in Moz.

Thoroughly recommend Zanzibar but kite surfing ended my trip early!!!

Picked up another 50k early yesterday morning :-)

[1madmarky] 02/4/2019 12:19

Yep,
PlatCro chrome £6m +
PlatCro PGM £8m +
Hernic £8m
Fine Chrome £1m
Kabwe £5-£10m at a guess

Group overheads -£6m

So this time next year income should be pretty impressive.

[frogkid] 02/4/2019 12:10

brilliantly written Losta, especially considering that you are pedalling your pedalo as fast as you can to get away from the Somali pirates who have their eye on you...

[nelson01] 02/4/2019 12:06

Yes it’s a shame but delays happen and they are out of our control. Sit back and be
Patient for another year and we will be rewarded. Within a year we should be making
At least 20 million per year profit and that’s without Kabwe.

[lostabillion] 02/4/2019 12:04

How does SLP fair compared to JLP?

Does Sylvania Platinum Limited (LON:SLP) Create Value For Shareholders?
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. By way of learning-by-doing, we'll look at ROE to gain a better understanding of Sylvania Platinum Limited (LON:SLP).
Over the last twelve months Sylvania Platinum has recorded a ROE of 11%. Another way to think of that is that for every £1 worth of equity in the company, it was able to earn £0.11.
View our latest analysis for Sylvania Platinum
How Do I Calculate ROE?
The formula for ROE is:
Return on Equity = Net Profit ÷ Shareholders' Equity
Or for Sylvania Platinum:
11% = US$13m ÷ US$115m (Based on the trailing twelve months to December 2018.)
It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. It is all earnings retained by the company, plus any capital paid in by shareholders. You can calculate shareholders' equity by subtracting the company's total liabilities from its total assets.
What Does ROE Mean?
ROE measures a company's profitability against the profit it retains, and any outside investments. The 'return' is the yearly profit. The higher the ROE, the more profit the company is making. So, all else being equal, a high ROE is better than a low one. That means it can be interesting to compare the ROE of different companies.
Does Sylvania Platinum Have A Good ROE?
One simple way to determine if a company has a good return on equity is to compare it to the average for its industry. Importantly, this is far from a perfect measure, because companies differ significantly within the same industry classification. You can see in the graphic below that Sylvania Platinum has an ROE that is fairly close to the average for the Metals and Mining industry (11%).
That isn't amazing, but it is respectable. ROE can give us a view about company quality, but many investors also look to other factors, such as whether there are insiders buying shares. If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: insiders have been buying them).
How Does Debt Impact ROE?
Most companies need money -- from somewhere -- to grow their profits. That cash can come from retained earnings, issuing new shares (equity), or debt. In the case of the first and second options, the ROE will reflect this use of cash, for growth. In the latter case, the use of debt will improve the returns, but will not change the equity. Thus the use of debt can improve ROE, albeit along with extra risk in the case of stormy weather, metaphorically speaking.
Combining Sylvania Platinum's Debt And Its 11% Return On Equity
Although Sylvania Platinum does use a little debt, its debt to equity ratio of just 0.003 is very low. The combination of modest debt and a very respectable ROE suggests this is a business worth watching. Judicious use of debt to improve returns can certainly be a good thing, although it does elevate risk slightly and reduce future optionality.
But It's Just One Metric
Return on equity is one way we can compare the business quality of different companies. A company that can achieve a high return on equity without debt could be considered a high quality business. All else being equal, a higher ROE is better.
But when a business is high quality, the market often bids it up to a price that reflects this. The rate at which profits are likely to grow, relative to the expectations of profit growth reflected in the current price, must be considered, too. So you might want to check this FREE visualization of analyst forecasts for the company.
If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
R32;If you spot an error that warrants correction, please contact the editor at [e-mail]. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.

[1madmarky] 02/4/2019 12:01

Nelson, it's just a shame that we have to wait till Q3 for the PlatCro PGMs impact earnings. Would have liked a bit of assistance in Q2. But anyhow PlatCro chrome is looking like a fantastic buy. Plus we will start getting fine chrome income. So it's all good really

[sleveen] 02/4/2019 11:58

Earnings/gross profit after opex, NOT net profit


EBITDAG&A.

[nelson01] 02/4/2019 11:56

PLatcro chrome is worth the market cap alone with 1 million net profit in two months and that will only improve with efficiency made over the coming months.

[nelson01] 02/4/2019 11:53

Good luck bill....but I don’t think you will need it....Jlp is turning into a
Fantastic business and we have Leon to thank for that.