Sylvania Platinum Share Discussion Threads

[metis20] 06/2/2019 22:20

SLM is on Algy Hall's Piotroski screen for second year running according to IC's daily report today.

[mfhmfh] 31/1/2019 18:56

Liberium Capital reiterates 30p target price

[plat hunter] 31/1/2019 16:53

So highs of 24 not tested then, lets hope it doesn't test the last post high low of 15 then

[value hound] 31/1/2019 08:26

That may be overstating things a tad :-)

[sleveen] 31/1/2019 08:09

...it was (the kiss of death).

[plat hunter] 28/1/2019 14:32

I only post what I honestly think, which makes me quite a unique personality on these boards.

Whether it's positive or not, surely that depends on what side of the fence you're sitting on :-P

[yes yes] 28/1/2019 12:55

hopefully not the kiss of death with you posting something positive..

[plat hunter] 28/1/2019 11:30

Nice bid today.. be interesting if the high of 24 can be tested again, given the current pal prices

[canigou2] 25/1/2019 09:34

Quarterly report next week. Results expected to be good due to improving basket price (driven by Palladium).

[mfhmfh] 25/1/2019 09:10

good volume going through this morning

[redtrend] 17/1/2019 11:43

Palladium is exploding. Up >5% to $1,430. SLP basket price now $1,172, even with Plat languishing at $810.

Maybe getting a bit "frothy" with speculation or could be signs of panic and major supply deficits, who knows.

A bigger issue than price differential (as per unit, not a huge amount of pall is used in catalytic converters) is security of supply. If manufacturers are concerned by palladium supply, they may have no choice but to commence the arduous process of changing their supply chain and processes for platinum cc.

[mfhmfh] 17/1/2019 11:36

palladium has jumped 4.35% in price to 1,375.90 on CNBC.com at the time of writing.

[cflather2000] 16/1/2019 17:01

Production report should come around end of January and should detail production levels and the basket price realised It should mark a good quarter for SLP with an improved basket price. With increased media coverage we may see a few new holders entering. The value will become impossible to ignore at some stage

[cflather2000] 16/1/2019 16:46

Palladium now over 1300 dollars

[russman] 14/1/2019 19:51

Would be helpful if ADVFN put 3.76c eps in.

[basem1] 14/1/2019 10:15

Tipped somewhere ? Lots of buyers out there.

[thirty fifty twenty] 07/1/2019 23:40

the great thing I like re SLP is that they have increased production from c.10,000 to over 70,000 (over c.7 years) without issuing shares or being hostage to huge debt. at the most simple level it proves to me that they generate CASH which is actually quite rare for a company thus it is one of my top5 holdings.

[mad foetus] 07/1/2019 21:27

I would agree with a lot of that 305020, especially that sale may have caused weakness. It is a company that has been on my watchlist for a while: I will look into it again and possibly try to time a purchase. I am hoping that it will pullback, though who knows if it will or not?
One of my biggest holdings is BUR, which has been held back by fund managers being forced to sell in order to meet redemptions. I wish BUR had the facility to just buy back the shares, much better way of dealing with a distressed seller.

[thirty fifty twenty] 07/1/2019 21:16

hi mad foetus

I initially felt the same about that purchase but then did some thinking.....
although it was a PDMR there are maybe many (personal) reasons why they want to / need to sell. it was not a director so it would be unusual to think of al the top team it was a second tier of management that had the knowledge that the share price was very over valued / there were company problems.


so I concluded that they 'needed to sell'
the price was weak in the days before so maybe they were drip selling into an illiquid and nervous market. they had a chat with the directors and they said 'look if you need to sell a large chunk we will buy them back' - that way you get some sort of decent price and we get to avoid a share price fall on low volume.


I think the fact that the company bought back the shares means for their insider trading rules that there is no new news. the company has stated its volume targets and CASH flow and we know that the price of their PGM basket has increased materially in the last 6 months (mostly thanks to Palladium)


all IMHO DYOR + BoL
SLP is in my top5 hldgs

[mad foetus] 07/1/2019 20:30

It was buying back off a PDMR/director that worried me. Buybacks are fine

[muffster] 07/1/2019 20:20

Why doesnt a company share buy back feel good.Buying and selling creates a more liquid market? And by buying shares, the company may believe its undervalued and a right buy at the current market price

[leopoldalcox] 07/1/2019 19:02

Once Echo capex winds up there will be buckets of cash for dividends.Capex per year will drop from 11-12m to 3-4 million over the next year or two.That's another 8m available for dividends. Market cap currently at about 60m.Dividends have only started being paid and at a very modest yield, but I'm personally confident divi will grow strongly over 3-5 years. Now is the time to buy for future incomeAll IMHO, DYOR, etc, etc