Share Name Share Symbol Market Type Share ISIN Share Description
Sylvania Platinum Limited 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
  0.50 1.41% 36.00 35.50 36.50 36.00 35.75 35.75 344,589 08:07:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 55.6 19.2 0.0 - 103

Sylvania Platinum Share Discussion Threads

Showing 3976 to 3999 of 4200 messages
Chat Pages: 168  167  166  165  164  163  162  161  160  159  158  157  Older
DateSubjectAuthorDiscuss
02/9/2019
08:27
1c divi costs about 1m STG. Better than last year but still relatively small % of cashflow.
russman
02/9/2019
06:54
excellent results and updated presentation. there can hardly be better years when production is up, PGM prices are higher, all in costs low, developments on track/on budget, CASH flows good, CASH in the bank and exploration value crystalised. To me these the results are after many years of hard work now which are now so clearly evidenced. At 42p, I look forward to the market recognising the value in the business and exploration assets - now that one site has been sold at just above book value of c.6p CASH, I expect the market will take notice of the remaining exploration assets with a book value of c.18p All IMHO, DYOR + BoL SLP is in my top5 hldgs
thirty fifty twenty
02/9/2019
06:46
annual report looks good. divi up to 1 cent
nickwild
01/9/2019
07:22
I await final results; hopefully soon. & the plans for all the cash.
russman
30/8/2019
15:16
Currently on CNBC.com: Platinum futures now at $940/oz Palladium futures now at $1,537/oz
mfhmfh
30/8/2019
11:08
Currently on CNBC.com: Platinum futures at 927 Palladium futures at 1493 Also Rhodium going through the roof
mfhmfh
29/8/2019
23:21
4E PGM spot now up 27% in ZAR since 30th June Y/E. Can't help thinking that this short-term strength may be too much too soon and correct at some point but it certainly bodes well for Q1 results. A couple of things that stand out from the Liberium note on SLP: - The 68p valuation was based on $ forward prices that are pretty much now below current spot for all years in the DCF. Spot pricing is probably up around 40% in rand terms since the note was written. - It appears the company books revenue at provisional prices but then actually gets prices when the pipeline is delivered 3-4months later. So the record Q4 production should actually get the benefit from the current rising prices on the higher production (assuming that the higher spot prices feed into realised prices for the company.) - 9p of the potential upside from 68p to 106p is from the sale of Grasvally & Volspruit which are non-core assets for SLP as they involve primary mining. Stronger PGM pricing will surely encourage deals to be completed on these assets even if the higher but volatile spot doesn't have a big impact on the price obtained. - rest of the Liberium upside is from potential new plants if SLP's host Samancor decide to invest in new mines (or re-open old ones). The chances of these developments increase with better pricing outlook. - discount from gross basket price to net basket price has dropped below 15% in 19H1 as new circuits have reduced residual chrome content, but stronger gross basket may see this back towards the 20% level. Overall, with these effects combined, I estimate a 10% rise (fall) in Rand PGM 4E gross basket price having a 15% impact on net earnings.
dangersimpson2
28/8/2019
13:56
Relaaaaaax brother... nothing goes up in a straight line.
stoodio
28/8/2019
13:43
Quite right, but a nasty dip around 33p
the bull
28/8/2019
13:32
It didn't dip below 30p
stoodio
28/8/2019
12:47
What was that dip back below 30p all about then, a share gathering exercise?
the bull
28/8/2019
12:01
update should give details of divi
nickwild
28/8/2019
10:10
More interested in Q1 figures at the end of October than the FY results. FY20 production guidance is the only bit of new news that I'm expecting to be with the FY results. 4E Spot Basket up 21% in Rand since the end of Q4. Not sure the byproduct pricing which was a bit weaker in Q4. Assuming this hasn't dropped much further then I'm modelling about 30% increase in £ earnings, on production of around 20koz for Q1, (Q4 production rate was probably not sustainable in the short term) due to the better 4E pricing.
dangersimpson2
28/8/2019
08:38
update could be tomorrow
mfhmfh
28/8/2019
07:56
Thanks Nick - interesting it was originally on Events Calendar as August 2019. Hopefully it's pushed back in light of the strong PGM basket and SLP are re-wording the dividend to bump up the yield a wee bit! I jest but you never know. Rhodium has hit $4,300 today. Overall the SLP PGM 4E basket price is just shy of $1,450 per Oz.
redtrend
28/8/2019
07:12
September Annual Report 2019 from SLP timetable - exact day not given
nickwild
24/8/2019
07:43
When are the results out?
red5
22/8/2019
10:51
Just trying to add some protection after last years falls, give all thats going on currently. Just lost a bit of profit is all .DbD
death by donut
22/8/2019
09:35
39p being paid
mfhmfh
21/8/2019
11:08
To add to danger's list of other new updates from Accounts (normally released end of Aug, so could be this time next week): - Dividend: we also don't know final dividend, although have a rough indication from House Broker Liberum. So dividend yield may also be in the Directors Statements in the Accounts. Perhaps a yield at this current share price of 3-4%? - Presentation: normally accompanies release of Accounts with some key forecasts and overview. It normally has a forecast on production out to 3yrs, Project Echo status, Capex & EBITDA forecasts etc. Rhodium is now in touching distance of $4,000 (currently at $3,955), With Plat $840 and Pall $1,480, the SLP PGM basket is around $1,390 per Oz. AISC with ZAR at 15.2 is likely around $525 (fluctuates dependant on ounces produced of course). So once you take into account refining fees of circa 18%, the SLP margin is now a significant $615 per Oz. Net Cashflow for FYE June 2020 could therefore be: - 80,000 Oz x $615 margin = $49.2m. - Deduct $8m for Capex and $10m Taxes = $31.2m. With a market cap of £110m ($130m), normalising for $21.8m cash in bank and circa $24m+ trade balance in SLP's favour, SLP's market cap is only 2.7x Net Cashflow. So can see where Investor Chronicle and House Broker Liberum are coming from with their targets of 50p and 60p respectively.
redtrend
21/8/2019
09:23
Never understood why people put stops on
stoodio
21/8/2019
09:10
No , they just taking the preverbial after i stopped out at 34p :-)
death by donut
21/8/2019
07:37
Has there been a broker upgrade or tip out?
snorky123
16/8/2019
18:16
There's no prediction required! They've already given the unaudited H2 figures in the Q4 trading statement. Combined with H1 figures gives c$30m EBITDA & c$17m Net Profit. What we don't know yet is: - production guidance for FY20. Don't think they will be able to do 4x Q4 = 22koz but hoping for 75-80koz guidance. - Current pricing. You would think that current 4E spot pricing is highly advantageous to the company vs FY19 but they don't always get exactly spot prices and in Q4 lower byproduct pricing hurt their average basket price. - Cash Cost guidance. Recent ZAR weakness should certainly help keep costs low in $, though may be partially offset by higher wage deals etc. It's the future guidance that should accompany the results that is important not the figures themselves.
dangersimpson2
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