Sylvania Platinum Share Discussion Threads

[redtrend] 31/10/2018 13:29

Fraz - in the Accounts ending June 2018, Trade Receivables due to SLP from refiner was $25.4m and Payables owed by SLP to their suppliers was only $5.7m. So a balance in SLP's favour of $19.7m.

As per this quarterly report the receivables appear to have increased by $1.9m, so in total the trade balance is now $21.6m.

As everyone's focus is solely cash, this mammoth balance in SLPs favour gets overlooked by most.

[frazboy] 31/10/2018 13:18

I hope you're right Plat Hunter, I would love the opportunity to pick up a few more below the current share price

Redtrend - I've not covered the update in detail, but where are you reading the "$22million trade balance" from?

[redtrend] 31/10/2018 12:48

Another very solid quarter and at these levels I'll be investing my dividends back in to SLP.

It now has a market cap of only $64million, underpinned by $17.7million in cash and $22million trade balance in its favour. This is more than 50% of the share price Ludicrous.

[plat hunter] 31/10/2018 08:55

Touching it's lowest low. A close less than 16.75 will be a breakout and confirmed bearish reversal signal

[snorky123] 31/10/2018 07:38

EBITDA of $7.1m in the quarter which equates to $ 28m pa . Not bad for a company with Market cap of 50m pounds

[michaeljames1] 31/10/2018 07:38

Yep, nothing particularly surprising in either direction, but in this market it will likely be punished. Based on prior performance I was expecting slightly better results, but considering the share price fall of late it doesn't seem an expensive share.

[eentweedrie] 31/10/2018 07:30

hmm nothing to write home about

[eentweedrie] 29/10/2018 11:14

steady buying this am...

[eentweedrie] 26/10/2018 17:30

huge sell trade...hmmm wonder what the tu will bring.

[plat hunter] 26/10/2018 14:28

New lowest low could be posted today. A little bounce perhaps on Monday??We'll see

[cflather2000] 23/10/2018 13:12

This is one helluva volatile share

[plat hunter] 12/10/2018 13:12

Nice.. well done Red

[plat hunter] 12/10/2018 13:12

Very nice bounce here today.

certainly scuppered my short term plans.

[cflather2000] 12/10/2018 11:44

Looks like you bought well yesterday

[redtrend] 11/10/2018 18:05

Big moves in platinum after UK close. Catching up with gold's big move and up over 2%.

Looks like a buy on the dip day to me. It's what I did.

Only 7 days left until ex-div date 18 October (2% dividend yield). Then we'll get Q3 results 31-October.

With ZAR weak and a relatively strong basket due to Rhodium and Palladium strength, it should be a strong quarter if production comes up trumps

[plat hunter] 11/10/2018 13:41

If i was looking at Gold now.. I'd be looking at ETF's or big chips like RRS.

Whilst you might be very and comfortably familiar here, the market as a whole is pretty clueless about SLP.

In a flight to safety, SLP have zero market penetration, it is essentially invisible to stampeding masses. The big pit mines and ETFS will fair much much better in the short term.

[redtrend] 11/10/2018 13:33

I have a huge amount in gold already, the metal itself and the miners, predominantly HUM and SHG. Recently sold out of AAZ on the rise to 68p and ACA which was a short-term bet from £0.95 to £1.40.

All I invest in at the moment is gold and precious metals. However there is no gold miner with a better balance sheet than SLP. I'll be adding to SLP over the months if it stays at or below these levels.

Like I said it feels like the panic which produced my first foray into SLP at 7.5p. Now it has $15m+ in cash and a $20m+ trade balance in its favour (over half its market cap), on top of a dividend.

The Market Cap is now ridiculous, however I'm in no rush and these over-reactions and panics always bring new opportunities.

[plat hunter] 11/10/2018 13:06

Might be better to have it in Gold Red..

There's going to be some very large rotations out of the markets.

Nothing goes up or down in straight lines. It's expected that some multi baggers will be looking to protect some of their gains at the moment and doing so we'll create a range on this stock which should be able to be played for some free shares.

It's not every ones cup of tea but I'll be waiting for a base to form and hopefully I can get a bargain.

[redtrend] 11/10/2018 12:49

There's a 4% annual yield here for the financial year.

That will go up year on year. For financial year commencing 01 July 2020, the dividend will be 10%+, more at this share price level. Capex is near non-existent from July 2020 onwards.

So I can't speak for other LTHs, but there's huge amount of reasons for me to stay. To not stay would mean there's a better share out there, or it's better to have it in cash.

[plat hunter] 11/10/2018 12:36

HJS..

I'm pretty sure it will, how they structured and timed the buy back and dividend announcement had share price limitations for me.

People who made money on the up, have nothing to stay around for now.. This could well be all over the place until a base starts to form

[redtrend] 11/10/2018 12:02

Everything is getting hit today, even AAZ which came out with a very strong quarter was hit by 6%. FTSE down by nearly 2%.

Q4 2018 could end up being like Q4 2015, when everything was over-sold and it was a great time to buy gold and precious metals.

[hjs] 11/10/2018 11:49

next support is at 16p and if drops below this level, expect it to drop to 14p.

[plat hunter] 11/10/2018 11:34

Racing down towards 12p