Sylvania Platinum Share Discussion Threads

[red5] 02/8/2019 11:31

This and biogenetic saved my day

[red5] 02/8/2019 11:17

Just read the ic article by st rated strong buy up to 50p new target

[snorky123] 02/8/2019 09:20

I smell brokers or IC upgrade

[red5] 02/8/2019 08:37

Nice move up on a otherwise down day

[russman] 01/8/2019 17:53

The cash keeps rolling in.
A progressive dividend policy would be a plus.

[alan@bj] 01/8/2019 17:50

Are you posting that comment on every bulletin board? It’s the third time I’ve seen in in less than 3 minutes.

[red5] 01/8/2019 17:27

would this be a tempting target for a take over

[thorpematt] 31/7/2019 22:31

zangddok,

I don't know if definite is the right word but there has certainly been a shift in policy.

In the chairman's statement(page 10 of the annual report) Mr Murray commmented: -

"On the 3rd August 2018, I received an interesting letter from an individual shareholder with a sizeable holding. In his letter he requested that the Company consider the introduction of a dividend, however modest, with the 2018 Final Results. Included in his motivation was, inter alia, a copy of the Company’s dividend policy as announced on 21 January 2013."

Following on from that a long discussion regarding dividend ensues (page 12)

Folowing that the policy was revised. It isn't that easy to find on the website, so here' a link to a PDF for those who are interested: -

www.sylvaniaplatinum.com/cg/files/dividend-policy-18022019.pdf

Ultimatly the yields are brokers forecast. The long and short of the situation is that brokers are forecasting some quite tidy yields of 1.34 and 1.8p for 2019 and 2020.

Of course with the divis paid in USD the FX may or may not be favourable.

[zangdook] 31/7/2019 16:40

Just reading up with a view to finding pgm exposure. Trying to understand the dividend policy. As far as I can see there has been one dividend of 0.35p which gives a yield of 1% at current price. I'm puzzled by this post:

basem17 Jun '19 - 17:40 - 1270 of 1326

One of the cheapest stocks on the market.

EPS of 4.75p expected this year and a yield of 4.8% at 28.5p

Has there been a more definite indication of the future dividend level than the vague policy in the last presentation? If not, where does this 4.8% at 28.5p come from?

TIA

[plootocrat] 31/7/2019 13:58

I think some of the reaction today may have been caused by reduced confidence that an improved dividend will be announced in August as a result of the fall (8% in USD terms) in the cash balance in today's announcement.

[leopoldalcox] 31/7/2019 11:24

Hadn't noticed that

[f15jcm] 31/7/2019 10:44

Ah OK, so they achieved the guidance which was again revised down in the Q3 update, not the guidance in the half year update. Thanks for clarifying.

[gary1966] 31/7/2019 10:31

April 2019 was the 3rd quarter update, not the half year results, and so incorrect referencing. In the 3rd quarter update they revised target to 72k oz which required a record 4th quarter production level. Definitely an error but sloppy all the same.

[f15jcm] 31/7/2019 09:43

From today's update: "In April 2019 we set out to achieve a record target for Q4. I am pleased to report that the SDO did not only reach this quarterly production record, but also achieved the annual guidance revised at the Half Year, resulting in an annual Company production record of 72,090 ounces for the financial year ending 30 June 2019." From 18th Feb: "The management and operational teams have worked tirelessly to address these challenges and I am confident in achieving our revised production guidance of between 73,000 and 76,000 ounces for FY2019."

Error or lie?

[dangersimpson2] 31/7/2019 09:32

I think the slightly disappointing basket price probably took the shine off otherwise great results. Operationally they are knocking it out of the park with recoveries up 12% & feed rate up 10%.

Weaker basket price appears due to lower byproduct pricing in the quarter with recent 4E price increases mostly late in the Quarter. Q1 should be good if they can do Q4 rates operationally with the current increased 4E pricing (assuming no further byproduct price weakness).

Cash should be back up when they get paid for the increased Q4 production this FY.

[gary1966] 31/7/2019 09:21

People may be trading off the indicators. RSI elevated to a level where historically it has retreated. Share price has performed strongly of late. RSI may cool off without the share price dropping, and it may well rise, but some people will trade the RSI and will feel happier re-entering, possibly at a higher share price, but with a historically low RSI reading.

[snorky123] 31/7/2019 09:06

Just wait for the IC updates and broker upgrade for buying to push this north

[red5] 31/7/2019 08:04

Yes very up beat don’t know why it’s gone down so far this morning should romping to 50p

[cflather2000] 31/7/2019 07:54

Great update this morning

[cf456] 31/7/2019 07:28

"In April 2019 we set out to achieve a record target for Q4. I am pleased to report that the SDO did not only reach this quarterly production record, but also achieved the annual guidance revised at the Half Year, resulting in an annual Company production record of 72,090 ounces for the financial year ending 30 June 2019."

"...we are in a strong financial position moving forward. I am optimistic about what the next quarter and new financial year will bring for the Company and Shareholders."

[jitters3] 30/7/2019 15:25

Is the update tomorrow guys