Sylvania Platinum Share Discussion Threads

[mfhmfh] 10/2/2020 13:31

half year results were on 18th February last year (a Monday).

will likely be on Monday 17th February this year - that's when I expect the re-rate to come when the actual figures are in black & white.

Looking for 70-75p based on the chart when half year results are out.

Next Monday is not too far away.

All IMHO.

[mesteve] 10/2/2020 13:27

Plus mentions in Motley Fool today also!!


For me, the biggest mystery surrounding Sylvania Platinum is why the shares aren’t higher priced. It has zero debts, pays dividends, has a relatively modest P/E, has seen rapidly rising profits and another record half-year for production.

[mr stephens] 10/2/2020 13:23

That was Simon Thompson from IC re iterating
Buy

[bookwormrobert] 10/2/2020 13:09

Bought a couple more tranches when the market-makers dropped the price first thing this morning. Went out. Just returned to see that a Simon Thomson article has caused a complete intra-day reversal.
All power to him - he talks a lot of good sense in that piece. And Sylvania is a deeply (almost crazily) undervalued company.

[metis20] 10/2/2020 12:51

"Fifthly, with an average second-quarter basket price of $1,872 an oz three times higher than Sylvania’s all-in cash costs of $616 an oz, and that’s before taking into account a significantly higher basket price in the current third quarter,"

My estimate of today's basket price is $2600 an oz - using bid prices from
and recent RNS's

[brucie5] 10/2/2020 12:41

I would think that highly likely. Though many no doubt already taking the trade for a day's work.

[parob] 10/2/2020 12:31

Through 45p and you will see technical traders buying in for the breakout.

[brucie5] 10/2/2020 12:29

Gosh, that was quick. Just sitting at my desk, engaged in other work, and you get opportunities like this...second time in ten days.

[mesteve] 10/2/2020 12:29

Indeed I have basem1 but slowly getting there....I did say I wasn't going to sell thsi time!
I set a Google news alert as well and nothing in as yet!

[basem1] 10/2/2020 12:23

You got a lot to learn Steve

[mesteve] 10/2/2020 12:21

What's an ST spike??

[mesteve] 10/2/2020 12:20

What's just happened there then?? It's not the Footsie improvement that bought the spare price back by 3p??!!

[parob] 10/2/2020 12:16

Just need to get through 45p now!

[frazboy] 10/2/2020 12:14

That looks like a ST spike!

[mesteve] 10/2/2020 12:03

Thanks for that Redtrend.

The MMs and PIs don't seem to value this right, we are going down just like the 18% down two days then 13% up rebound. There were ver few buyers when it was goign down and that worried me at the time. I thinking no big rebound this time and very much hope we don't start testing 35p again! It's not so bad foe the guys who bought in at 10p- 25p levels, as can watch a little more calmly, but at 40p, it really isn;t fun ad doeesn't make much sense to me....Maybe the PIs are all moving to EUA?

[mfhmfh] 10/2/2020 12:02

Strongly tipped by ST in IC.

[basem1] 10/2/2020 10:50

It is South Africa so it's never going to be fully valued because of Political and geographical risks But worth 80-90p imho

[basem1] 10/2/2020 10:48

Undervalued........

[1jbrisky] 10/2/2020 10:46

Lots of sells going through (where are these people coming from?) but all fairly small.
I've just topped up some more at 39p+. Reckon a Simon Thompson rant over the next few weeks could well push beyond the 45p resistance point.
I've been in and out of shares for 30+ years and I seriously can not remember a company being so obviously undervalued.

[basem1] 10/2/2020 10:40

At least there wasn't the panic selling this morning and it allowed me to get my 40p ones back at 38.5

[brucie5] 10/2/2020 10:08

In for another trading buy at 38.5. Unless my eyes deceive me, or coronavirus brings down the entire market, the mms are up to their old tricks. It needs to take out 45p. to knock through the double top, but following the discussion above, I think this can certainly be done.

[eeza] 10/2/2020 09:17

Not a good start. Off 8%.

[mr stephens] 10/2/2020 00:11

Sincere thank you
Finally think I’m not going mad
Much more cohesive than my analysis and far more insight
Some observations
I think the trend is for 78,000 ozs
Rhodium price q3 is already $10,775
The splits of the 5 active mines according to their data are platinum 60% palladium 27% and rhodium 13% but agree within a whisker to your cash and ebitda forecasts
Applied p/e is low based on sector average

Share price could go significantly higher