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
  +0.125p +1.03% 12.25p 12.00p 12.25p 12.125p 12.125p 12.125p 716,094 16:35:14
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 38.8 10.1 2.3 5.3 35.28

Sylvania Platinum Share Discussion Threads

Showing 3526 to 3549 of 3550 messages
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DateSubjectAuthorDiscuss
17/11/2017
15:11
better to use the money to make sensible acquisitions, then buy back shares and finally a dividend. I wish someone would make a bid for SLP, offer 17p and release value that way.
utrecht_00
17/11/2017
08:45
They pay a divi when there is nothing more imaginative to do with the cash IMO
butchdogg
14/11/2017
17:22
Good posts. Glad I am not alone in questioning why the dividend policy has been ignored, with ridiculous comments that it was due to weak Pt fundamentals (but cash costs of production mean Pt fundamentals are just fine, and if not, why go and spend a lot of shareholder money buying another plant). Ultimately, dividends are a great signal to the market (just look at the GE recent example) - right now, Board is not signalling confidence by hoarding our cash. Hopefully, dividends come before the next questionable acquisition.
mnomis
14/11/2017
16:52
they should buy 25 million initially- cancel 10% of the shares in issue to start with.
utrecht_00
14/11/2017
09:55
Increase the buybacks then. It is producing a lot of cash. 5m shares is not going to make much of a dent.
russman
10/11/2017
11:17
For discussion. From my notes, this is SLP's cash balance over the last 15 quarters ($ '000'000) 3.9 4.8 5.3 6.8 7.8 8.8 8.4 6.8 5.1 7.2 6.7 11.1 12.7 16.6 15.3 During this time platinum spot price has decreased from approx. $1400/oz to $950/oz. This also highlights the robustness of the company model (& management performance). SLP will really flourish when/if the platinum price increases.
canigou2
10/11/2017
11:05
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.
canigou2
10/11/2017
10:48
A divi normally results in big ups and downs in share price around the div and ex-div dates. Based on current share price and what I see as below "fair value" (admittedly fair is open to your own perception), better value for money and long-term support of share price would be continued share buybacks and cancellations, much like the 3.3m bought by SLP on 11 Oct and cancelled and the current legacy ASX shares of which 1.5m have been bought. At least that's my preference. This should be continued until such a point where it becomes better value for long-term shareholders to revert to dividends.
redtrend
10/11/2017
10:43
Here is the divi policy announcement which, you're right, has been ignored. 1/01/2013 7:31am UK Regulatory (RNS & others) Sylvania Platinum (LSE:SLP) Historical Stock Chart 5 Years : From Nov 2012 to Nov 2017 Click Here for more Sylvania Platinum Charts. TIDMSLP RNS Number : 9682V Sylvania Platinum Limited 21 January 2013 Sylvania Platinum Limited ("Sylvania Platinum", "Sylvania" or the "Company") (AIM: SLP) New Dividend Policy Sylvania Platinum is pleased to announce its new dividend policy,which has been agreed by the Board and will be applied from H2 2013 onwards. Background After 5 years of continuous capital investment, Sylvania now has seven long life chrome tailings processing complexes. The Company currently has a positive cash balance, with longer dated projects on hold pending an improvement in PGM prices. This reduced planned capital expenditure enables the Company to forecast healthy positive free cash flows. Dividend policy Subject to the resultant company cash balance following the payment of any dividend being greater than $8 million, the Board of the Company will recommend paying a minimum of 25% of the previous half year earnings as a cash dividend. Dividends will be paid semi-annually with the first payment targeted for December 2013, and payments thereafter every June and December. Terry McConnachie, Chief Executive Officer, commented: "Following feedback from our shareholders and in consideration of the Company's strong financial position and outlook, I am delighted to announce the new dividend policy. This demonstrates our commitment to shareholder-friendly capital allocation and creating value for our investors. The Board has not lost sight of the longer term strategy to realise value from our development projects and will look forward to our Chairman elect Stuart Murray to lead this process." The Company also announces that it has updated its corporate presentation, which is available for viewing on its website www.sylvaniaplatinum.com CONTACT DETAILS For further information please contact: Terence McConnachie (Chief Executive Officer) +44 777 533 7175 Nominated Advisor and Broker Communications Liberum Capital Limited Newgate Threadneedle Michael Rawlinson/Tom Fyson/Christopher Graham Herring/ Beth Harris Kololian +44 (0) 20 7653 9850 +44 (0) 20 3100 2000 Sylvania Website: www.sylvaniaplatinum.com This information is provided by RNS The company news service from the London Stock Exchange END
canigou2
10/11/2017
09:27
A Divi may support the share price.
russman
10/11/2017
07:24
"Need a divi policy." SLP has a dividend policy: it caused a 30% spike a few years back when it was announced - the BOD just ignore it.
keith95
08/11/2017
12:25
I am interested in the effect of any price movement if Lonmin continues to deteriorate. These guys are big producers and are again in breach of covenants and delaying stat’s. This could be the biggest potential upside if you he supply side via Lonmin drops off. Obviously DYOR applies - any views?
whentobuy
08/11/2017
11:38
Thanks for time writing the article gold panda, good read. One thing I would note is that as a tailings retreatment operation, I'm not sure if SLP falls under the auspices of the Mining Charter, which of course would be a positive thing and what mnomis pointed out to me a while back. mnomis 21 Aug '17 - 11:27 - 896 of 941 Re Mining Charter, I actually think SLP is shielded in that is it basically a manufacturer, and most of value is in processing operations, not mining exploration properties. Mining Charter's negative impact on the big miners could be to SLP's benefit.
redtrend
08/11/2017
11:17
Phoenix did make an op loss.A reasonable purchase.Need a divi policy.
russman
07/11/2017
13:15
still $11.2 million in the bank after paying for the acquistion which is a good amount - should be circa $25 million end of 2018 at current rates.
utrecht_00
07/11/2017
11:39
Cheap aquisition, not moved a pip. The market is ignoring this imo.
kmann
06/11/2017
15:32
No not in cove. Let the bod buy back here imo, as frustrating as it is the price being held back. The chart is starting to turn, it should break out toward 20p. We know the fundamentals stack up.
kmann
05/11/2017
01:02
whats it going to take to get this to 18-20p and beyond and whats the story with the largest shareholder africa asia capital? Why are is there not more shareholder activism here to force the board to unlock value or sell the company? kMann were you in Cove energy a few years back?
utrecht_00
01/11/2017
08:40
As i said buy backs. Shows great confidence imo
kmann
31/10/2017
15:57
Yes, looks like background buying/buy backs. And obviously buy and cancel increases the eps and valuation. Nothing fundamentaly wrong here. What part of $17 million cash is not understood! Effectivly buying the company for £15 million. What are they doing with all that cash generation? Looks like the share price is controlled by a hedgie, positioning for greater gain. Just buy before another run up in platinum imo.
kmann
30/10/2017
15:32
very cheap- we know why the volume was down, expect next years cash from operations at current production rates should see us have the market cap in cash at the bank by the end of next year. Wonder what the future is though to get this away from its discount rating? A takeover given the ownership seems unlikely- so how to will this get to 20p and beyond?
utrecht_00
30/10/2017
13:33
@ kMann - once competition commission rules, likely that cash will be dropping quite a bit ... but yes, certainly cheap.
mnomis
30/10/2017
09:03
Not entirely positive. The basket price was excellent, but volume and grades down, leading to increased costs.
charlieeee
30/10/2017
07:59
All positive stuff in this latest update. $17 million cash! (almost half the market cap) BUY 30p
kmann
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