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
  +0.00p +0.00% 10.75p 10.50p 11.00p 10.875p 10.75p 10.75p 297,619 14:00:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 38.8 10.1 2.4 4.8 31.16

Sylvania Platinum Share Discussion Threads

Showing 3501 to 3524 of 3525 messages
Chat Pages: 141  140  139  138  137  136  135  134  133  132  131  130  Older
DateSubjectAuthorDiscuss
09/9/2017
10:29
HNR - TWO wells successfully drilled with abundant oil and gas in samples extracted! Fracking and FIRST OIL next month! Don't miss this train!
happyholder123
01/9/2017
19:14
PGMs have done very well this week, particularly Palladium today. It's up nearly 5% to around $980! Again nearing parity with Platinum at just over $1,000. Not forgetting Rhodium which is now at $1,150. If these kinds of prices can be maintained, I would expect 20p within a year, potentially more if a dividend is announced. I'm not entirely convinced the lift in PGMs is sustainable yet, particularly if there's a slowdown that hits automotives, but for now bodes very well for SLP.
redtrend
27/8/2017
03:16
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.
utrecht_00
25/8/2017
14:51
Topped up at 11.125
glennborthwick
25/8/2017
09:47
There's a possibility here that although this appears remarkably cheap, other high cost producers are too burnt and busy looking inwardly. Digesting the 12% additional revenues acquired from PAF together with another year kick up in earnings and eps would be a good time to take a £40m+ acquisition to the board table; assuming market cap is still languishing at circa £32m.
whentobuy
25/8/2017
00:29
mnomis- many thanks for your response. It seems an odd relationship- surely they must see the value and the deep discount in the sp- what are they going to do with it?
utrecht_00
24/8/2017
14:45
Utrecht, you could also look into some more background on Samancor ownership (although slightly opaque)
mnomis
24/8/2017
14:02
mnomis- whats the scoop with the largest shareholder?
utrecht_00
24/8/2017
13:37
@ whentobuy - I am holding, as think still significant upside here, but am frustrated by some of management's strategic decision-making. Nevertheless, unless you think there is going to be a major sell-off in PGMs, more upside than downside imho. Re a buy-out, everyone needs to analyse the largest shareholder (and think what they want) ...
mnomis
24/8/2017
12:28
This is a great, well-run little company but I can't help believing that returns for shareholders would best be achieved by a buy-out as utrecht points out above. With a market cap of only £34m and a business which constantly requires new tailings, it must be difficult for management (which is essentially just Terry McConnachie)to balance the needs of expansion (or just standing still) with his feeling that directors & management deserve the lions share of the reward for a business well-run with those of a fairly small shareholder base asking for a dividend. There are 9.6 million shares in treasury with only 3.6 million options, so expect a request for a new bonus scheme at the next AGM. The dividend appears to be as far away as ever, however, how many investors really buy for the dividend? You get that from FTSE 100 majors, not AIM minnows. As value has not been unlocked for shareholders I think a buy-out at a significant premium today would serve shareholders best. Just IMHO !
ashbox
24/8/2017
10:49
I've added, what we really need is a move up in PGMs and then i think the shares will boom. Even without that they are much too cheap IMO.
spooky
24/8/2017
10:22
Understanding all the risk aspects above holding down the p/e and the standard DOYR. However, the results show a p/e of only 3.1 when cash is stripped out at the current price of 11.75p. Annualised Q4 would bring the current year in at 3.7 cents eps or 22% uplift. Also if PAF $6M turnover acquired is applied with the same technology and EBITDA that lifts run rate to around 4.1 cents eps. Downside accepted this risk return profile still looks good for a hold. Any views on accumulate or sell?
whentobuy
23/8/2017
12:47
if the management cannot unlock the value here and get the share price to 20p plus then they had better look to sell themselves and unlock the value that way. An rns stating they have retained x invesment bank to explore ways to unlock shareholder value would send shares soaring.
utrecht_00
23/8/2017
10:09
NTV, sorry, my comment re the Australia buyback was written/posted just before they announced today's 'surprise' buyback for awards so I was only referring to yesterday's RNS. I think that part is fairly clear in that they want to remove possibly 100's of small holders who can only exit SLP at significant cost, there being no marketplace for them to trade. All those shares will be cancelled. The share options is a bit hard to track as it doesn't seem to come up at every AGM but this was stated in the last 'Exercise of share options' RNS in Dec 2016: " Under the Plan, 10% of issued Share Capital was allowed to be issued as Options. The Company however disclosed that it did not intend to issue more than 5% of issued Share Capital. This was based on the number of Ordinary Shares in issue at the time of the AGM held on 29 December 2011. The full 5% has been granted and the Board does not intend to issue any further Options under the Plan. " According to the last presentation in Aug - as of June 2017, the outstanding options were 3,650,000. Presumably there is a long-lasting agreement to buy shares in the market for whatever purpose. As capital return over a number of years has been poor for long term holders and no dividend yet in sight, it is debatable as to whether the percentages awarded to management are justified!!
ashbox
23/8/2017
09:30
we know that, that is why i asked the questions just trying to find out more about the second buyback what was granted at the the agm ? what additional percentage can be bought to fulfil options?
ntv
23/8/2017
09:17
The buyback today is completely separate to the other buyback initiative announced on monday to buy back the delisted ASX holders
redtrend
23/8/2017
08:58
should clear an overhang and squeeze the price up
glennborthwick
23/8/2017
08:57
Well they are but returning to the buyback they are looking to remove small share holders. Most will be significantly smaller than 175,000 but they have chosen that as their cut off point.
spooky
23/8/2017
08:55
but it doesn't appear to do that, it appears to refer to an offer sent out to those smaller holders living in aus. those shares bought yesterday were not cancelled but bought to satisfy options so it appears that the board has two stances running at the same time? how many do they need to buy, why buy yesterday as the ones that will be bought from holders in aus will be at much lower prices what noticed was passed at the last agm re buybacks? does the board believe the shares are vastly undervalued?
ntv
23/8/2017
08:43
as I said, yesterday's buy back rns gives a full explanation.
ashbox
23/8/2017
08:39
why are they locked in anyone can sell 175k easily if they want
ntv
23/8/2017
08:36
Yesterday's RNS about the buyback gives a full explanation. Presume this is a separate transaction and not related to yesterday's announcement.
ashbox
23/8/2017
08:30
shares were not cancelled either, certainly not the first purchase
ntv
23/8/2017
08:25
why are they locked in ?
ntv
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