Sylvania Platinum Share Discussion Threads

[kaos3] 10/2/2020 15:05

I have less confidence in JLP management

[brucie5] 10/2/2020 14:50

Traded out for the day, and parked proceeds minus profit into JLP, which seems highly analogous and suggesting a provisional triple bottom. I also have long term holdings in both which I do not trade.

[kaos3] 10/2/2020 14:07

many shares from this sector are exploding - it is a Q of time not if slp will follow. momentum, fashion etc.
waiting for a breakout

I added

[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