Sylvania Platinum Share Discussion Threads

[davebowler] 22/1/2020 16:47

As a matter of interest,for direct exposure to Precious Metals try PHPM which has
Gold 43%, Silver 25%, Platinum 20% and Palladium 12%.
Its hit a 6 year high in £s in the last week.

[felchandbart] 22/1/2020 14:19

Bought yesterday. The upside looks pretty tasty. Saw one report that puts fair value at £1.43.

[dangersimpson2] 22/1/2020 13:54

Rise above 45p hopefully going to hold this time, further Rhodium strength helping the 4E basket, now up 36% in 2020. Still not reflected in the price even at 45p+.

[metis20] 21/1/2020 19:53

Rhodium up yet again

Rhodium (oz)

$9800.00 Jan 21, 2020
$9100.00 Jan 20, 2020
$8750.00 Jan 17, 2020
$8100.00 Jan 16, 2020

[bamboo2] 20/1/2020 20:35

Price hit historical resistance intraday at 45.5
Might take some time and volume to push through.

Current pattern suggests eod close above 45.5 confirms a tp min 51.1

[kaos3] 20/1/2020 20:14

well - today I added. very strong momentuum

[metis20] 20/1/2020 19:48

Rhodium (oz)

Date


$9100.00 Jan 20, 2020
$8750.00 Jan 17, 2020
$8100.00 Jan 16, 2020
$7950.00 Jan 15, 2020
$7925.00 Jan 14, 2020
$7975.00 Jan 13, 2020
$8000.00 Jan 10, 2020
$8200.00 Jan 09, 2020
$7950.00 Jan 08, 2020
$6925.00 Jan 07, 2020
$6350.00 Jan 06, 2020
$6150.00 Jan 03, 2020
$6050.00 Jan 02, 2020

above from

[eeza] 20/1/2020 17:45

Thanks, metis.

Used the ADVFN financials, which give 0.35p, obviously wrong.

The div conversion date was 18 Oct so the conversion would be approx 0.778p on that date.
1 cent today is approx 0.768p.

[metis20] 20/1/2020 17:24

Latest divi - cash dividend of 1.00 US cent per Ordinary Share - when share price was around 35p - so approx 2%.

That was for FY to June 2019.



and

[eeza] 20/1/2020 17:09

The only dividend that I can find is 0.35p XD on 18/10 and paid on 30/11.
Where do you get 5% from? I make that about 0.75%.

[metis20] 20/1/2020 17:07

JM PGM market reports -



next report is due out Wednesday 12 February at noon.

[brucie5] 20/1/2020 15:03

Doubled up today. 99 on Stocko. Even pays a 5% dividend.
Against that, SA risk.

[drradcliffe] 20/1/2020 13:14

That's interesting.

[metis20] 20/1/2020 12:48

Looking at Friday's detailed chart the 500k trade at 15:32 was a sell and the 500k trade at 15:50 was a buy.

[drradcliffe] 20/1/2020 12:27

I see two delayed 500,000 sells have just shown up.

17-Jan-20 15:50:03 43.50 500,000 Sell* 44.50 45.00 217.50k O
17-Jan-20 15:32:51 43.00 500,000 Sell* 44.50 45.00 215.00k O

It explains where the liquidity has been coming from because it's been solid buying otherwise.

[dangersimpson2] 20/1/2020 11:58

94p target from 7th Jan according to:



I would assume mainly based on PGM pricing, which has been even stronger post 7th Jan.

[jampot7us] 20/1/2020 11:37

Any level 2 chaps looking at the order book?

[mratranslate] 20/1/2020 11:23

I've done the same. Prices are up hugely, currency is also still weak vs. dollar. Only Liberium appears to be following and updating forecasts for share price ..currently they are showing 90p I believe!

[otemple3] 20/1/2020 10:40

Added again as PGM pricing suggests we should have an incredibly bullish update at the end of the month, yet the herds have not started arriving yet!

[metis20] 20/1/2020 10:34

Eskom power issues - pneumatic drilling - and heavy rain - water to be pumped out of mines - presumably have affected SLP less than the underground SA miners.

Power and heavy rain have caused a shortfall- part of the reason for the hike in Pd and Rh prices recently.

[hickersp] 20/1/2020 10:17

Looking at the charts, this could sky rocket if she breaks and holds over 45p .......

[dangersimpson2] 20/1/2020 10:06

Rand weakness & palladium strength now makes the 4E basket up c30% in 2020, making SLP even cheaper on a forward earnings basis.

Probably the biggest unknown is how much Eskom power issues are affecting them. However, they could have as much as 20% downtime vs Q1 feed rate and still generate similar FCF in Q3 to their record Q1, such is the positive impact of the current PGM pricing.

[gary1966] 20/1/2020 07:59

Nice to see price action in palladium making the mainstream news.

[davebowler] 19/1/2020 15:12

hTTps://www.visualcapitalist.com/the-periodic-table-of-commodity-returns-2019/