Sylvania Platinum Share Discussion Threads

[dandadandan] 11/8/2016 12:00

It looks like the MMs are trying to test those tweeting day trade followers.
The 10% in / outers.
Just look at the share price spread.

Even last night that late trade at 7.38p was an obvious give away notice for all to see.

What with Sterling falling even further, platinum is going even higher IMO.
$1200+ is next test.
SLP should see its profits rise to well over $8m in the following quarter.

Getting ready for a spike in the share price when that is announced, IMO.

Sit back and enjoy the share price rollercoaster ride.

GLA.

[caledoniaman1] 11/8/2016 11:41

Watch this day in day out - mm's about to walk this down on very little volume to scare some weak hands out - they want stock - mongrels IMVHO - JUST WATCH !!

[dandadandan] 10/8/2016 08:37

GB pound dropping like a (brexit) stone, US interest rates likely to stagnate and Rand on the move.
This all adds UP to Platinum and Palladium increasing in value.

SLP getting more profitable every day as the share price just gets held back by a 'lack of market interest' ???

Now watching out for the smart money movers. Not those 5 minute wonder 'in/out' day traders.

What we now need is for this BoD to snap up a loss making Platinum bargain and then offset its losses against that tax being paid. It is not rocket science BoD. The bargains are staring you in the face.

Just topped up with quite a few more and getting ready for a steady move UP IMO.

GLA

[rbento] 10/8/2016 08:29

Platinum storming higher again..

[doshdabbler] 08/8/2016 12:43

Took some more today. With the current cash build, they'll have to let it off the leash at some point, but I have plenty of patience here.

[keith95] 07/8/2016 13:23

"Apart from Miton, the rest of the top 5 shareholders have broadly the same % holdings as at 30th June 2016 and the previous August."

Annual Report 2015:

1 Africa Asia Capital 58,882,551 19.96
2 Miton Asset Management 40,087,971 13.59
3 M&G Investment Management 28,797,500 9.76
4 Audley Capital 26,280,442 8.91
5 Majedie Asset Management 16,022,924 5.43
6 Capital Research & Management 15,000,000 5.08
7 Odey Asset Management 11,718,099 3.97
8 UBS 9,782,572 3.32

Current:

Substantial shareholders
Shareholder No. of shares Percentage
1. Africa Asia Capital 58,882,551 20.13
2. M&G Investment Management 28,247,500 9.66
3. Audley Capital 24,278,694 8.30
4. Majedie Asset Management 18,933,963 6.47
5. Hargreaves Lansdown Stockbrokers 14,020,751 4.79
6. Miton Asset Management 13,927,315 4.76
7. Barclays Stockbrokers 10,928,351 3.74
8. TD Waterhouse Stockbrokers 9,785,556 3.35


Do forgive me for asking if you are also a Brexiteer .... but my reading is that 40 million shares are clearly in PI hands ... you might just as well state that because the 'top shareholder' has kept their position ... nowt has changed.

Directors need to stop lining their own pockets and release that maiden dividend.... then we will see 20p IMO.

[yasx] 04/8/2016 20:40

This stock continues to detach itself from the price of the commodity. There is no appetite from any institutional investor, and ordinarily these situations in which a single company seems to lag the entire sector which gallops ahead tend not to fare well for the isolated company.

[charlieeee] 02/8/2016 23:49

Thanks, Snorky. That makes perfect sense, particularly focusing on the efficiency of existing operations: survival in the bad times and jam now, as commodity prices recover.

GLA

C

[snorky123] 02/8/2016 23:15

Hi Charlie as calling term holder I seem to remember the board making a statement a few years ago deciding to preserve cash when the world economy was in big trouble and to stop expansion into developing new SDO sites. Now the price of PGMS is improving we may see a shift in focus. The good thing the company has focused on over the last few years is improving the efficiency and this has been very successful so now company can look to expand operations once it feels comfortable with PGM basket price going forward

[charlieeee] 02/8/2016 22:20

"there is reason to suggest that II's are still reducing their positions".

Apart from Miton, the rest of the top 5 shareholders have broadly the same % holdings as at 30th June 2016 and the previous August.

Just looking at one of the lesser holdings, Odey, who have decreased here below 3% and increased at Kefi. Short term, a great move as they avoided the fall here and caught a rise on that (with buying the lower Kefi placing), but going forward it is no contest, as this throws off high margin cash on existing investment and Kefi struggles to raise finance and then has a mine to build.

I do agree that last week's action had the PI hallmark, driven by bird witted Twitter: the extreme drop attracted new investors, such as myself, idly taking a look at the figures and then realizing the value proposition here at current metal prices.

Apologies, but one question for the LTHs. Why dividends rather than re-invest the cash or are such lucrative tailings projects difficult to find? Do we know if SLP tried for the projects that Jubilee has now got?

GLA

C

[dogberry202000] 02/8/2016 20:13

Excellent points, Keith. I read parts of the report and page 69. Yes, I see your point and yes, it was "pure speculation". I've given your post a thumbs up!

[value king] 02/8/2016 19:54

I nearly took my profits last week, looking at the plat price today I'm glad I never :-]

[keith95] 02/8/2016 18:13

"Many retail investors were cleared out by the fall last week" - Pure speculation.

Check out :

//www.sylvaniaplatinum.com/im/shareholder_info.php


with

annualreport on page 69:

//www.sylvaniaplatinum.com/im/files/documents/AR%20PDF%20FInal%202015.pdf

... and you will conclude that a bunch of long term II have reduced their positions markedly with some 40 million shares in now PI hands as significant holders - there is reason to suggest that II's are still reducing their positions.

Anyone cleared out last friday in the drop, was either on margin or put stop losses in place .. which suggests traders/speculators rather than investors .. any trader who does use a stop and get burned as a result .... took their risk and lost.

DYOR ... and GLA a return to 9p+ here we come.

.. the heavy PI involvement does suggests a lot of volatility as the MMs try and shake them out - but any hardened investor will see the value, understand the risk and either hold or accumulate on the dips.

[koolio] 02/8/2016 18:00

As much as I hate to see fellow investors lose money it is probably better that we got rid of a lot of the short termers at this point. The shares that they held are probably now in the hands of people that have done the research and satisfied themselves of the potential of sylvania. Onwards and upwards.

[dogberry202000] 02/8/2016 17:22

Many retail investors were cleared out by the fall last week, with some taking significant losses. Shares are now being hovered up now that frustrated investors have been thrown off. It's a brutal business; you need to be sure of yourself and your reasons for buying when investing in PM stocks.

The chart for SLP since June, shows higher highs and higher lows.

[caledoniaman1] 02/8/2016 16:53

hxxp://www.metrolyrics.com/moving-on-up-lyrics-m-people.html

[someuwin] 02/8/2016 16:42

Nice move today.

[on target] 02/8/2016 16:16

Dividend policy - interesting reading given the cash balance increase likely to be visible in the next quarterly results.

[caledoniaman1] 02/8/2016 14:11

Much prefer slow and steady with decent size buys - may not blow this week, but soon to be 10p + IMVHO

[old fool2] 02/8/2016 13:49

Platinum is now 1175 up today by 17

[rbento] 02/8/2016 13:38

I meant cash generation. That's how this company is valued given its steady state operations.I guess I was being a bit over pessimistic. I just was not happy about the recent fall in cash vs my expected increase.Platinum price however will help some measure.

[blueball] 02/8/2016 13:29

Rising vertically now.

[gotabsirius] 02/8/2016 12:53

It'll be over $10 by the end of September

[caledoniaman1] 02/8/2016 12:26

'The Group cash balance at 30 June 2016 was $6.7 million' - hardly cash strapped !!