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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 | -0.79% | 63.00 | 62.00 | 64.00 | 63.50 | 63.00 | 63.50 | 547,467 | 12:42:40 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Miscellaneous Metal Ores,nec | 127.04M | 45.35M | 0.1720 | 3.66 | 166.07M |
Date | Subject | Author | Discuss |
---|---|---|---|
18/2/2020 05:14 | Bro chill. If you're invested for the long then true value will come eventually. Brokers be brokers, and some are lazy... | stoodio | |
18/2/2020 04:55 | Why those posts The clear references to PGM opportunities not going south anytime soon Slo my exasperation with liberiums forecast contained in earlier posts They forecast $36m net profit and a target price of 98p How? The basket price increased from q1 to q2 and increases again from approx $1850 to $2400 in q3 and let’s say it stabilises in q4 Multiply this by the 34-36 thousand ozs still to produce Assume costs increase by 10% to be prudent allow for similar capex and increase the dividend to 2p pay the tax and you still get north of $50m Therefore target price should be around £1.50 Appreciate a real number cruncher guiding me as to where I am wrong But why would you under forecast a business? For the second half in a row and significantly? | mr stephens | |
18/2/2020 04:39 | Anglo American Platinum’s chief executive Chris Griffith is to step down after more than seven years at the helm. The 30-year company veteran was widely seen as a potential leadership contender to run Anglo American, its parent group, but will now “pursue other career opportunities” Mark Cutifani, Anglo American’s present chief executive, has said he will step down after completing construction of the Quellaveco copper mine in Peru, which is targeted for 2022. As chief executive of Amplats, Mr Griffith sold off some of the company’s lossmaking mines and helped pursue new markets for platinum in hydrogen fuel cell applications. He also cut tens of thousands of jobs in 2013 in the face of low prices for platinum. “Chris played a key role in turning around the company in the last five-six years and the news of his departure might weigh on market sentiment,” said analysts at Citi. News of his departure came as Amplats reported a doubling of annual profits due to surging prices for palladium and rhodium — precious metals used in catalytic converters. Prices for palladium rose 50 per cent last year due to increased demand from carmakers in China that are preparing to meet stricter air pollution standards. The price surge helped Amplat’s earnings before interest, tax, depreciation and amortisation to more than double to R30bn ($2bn) in 2019, and allowed it to declare a special dividend of R25 a share — the first since 2001. Amplats said demand for palladium from the car industry would outstrip supply growth over the next year. It forecast a deficit in the market of 1.9m ounces of palladium this year and 70,000 ounces of rhodium. It added that carmakers were requiring ever more palladium per catalyst to meet air pollution standards, which will offset a global decline in car sales over the next few years. And from Anglo american In addition, sales of hybrid cars are set to rise from 3m cars to 19m by 2026, which will support demand for palladium, it forecast. Shares in Amplats rose 4 per cent in Johannesburg. Anglo American reports earnings results on Thursday | mr stephens | |
18/2/2020 04:39 | What price SLP when platinum reached 2K (sometime this year!) ...?? | colinvest | |
18/2/2020 04:36 | Look at this about a takeover of a Slp competitor and the comments about PGM from FT old © Bloomberg The chief executive of South Africa’s Sibanye-Stillwater hailed as a success its acquisition of Lonmin, a rival platinum producer, and forecast that dividend payments could resume this year. Neal Froneman said the £285m purchase of London-listed Lonmin was shaping up to have the “lowest payback period” of all the deals done by the highly acquisitive company. “It is literally going to be a little bit more than a year,” he said. “We took a lot of flak when we announced the deal but we have had commodity prices behind us. The wind in our sails.” Johannesburg-listed Sibanye launched its all-stock takeover of Lonmin in December 2017 but the deal was not finally closed until June 2019. The timing of the takeover surprised analysts because Sibanye’s balance sheet was stretched after paying $2.2bn in cash for Stillwater, a US palladium producer. However, over the past year the prices of palladium and rhodium — two of the company’s main commodities — have surged to record or multiyear highs on strong demand from global carmakers. Recommended Analysts wonder when palladium’s record run will be exhausted Palladium and rhodium are critical ingredients in catalysts for petrol and hybrid cars that convert toxic emissions, such as carbon monoxide and nitrogen oxide, to carbon dioxide, water and nitrogen. After nearly a decade of undersupply, analysts say stocks of the metals are almost exhausted. “I don’t want to mention a name but there has been a senior car company that has experienced a real shortage in rhodium,” said Mr Froneman. | mr stephens | |
17/2/2020 22:07 | forward valuation looks silly low now doesn't it! | thorpematt | |
17/2/2020 18:54 | Excellent Bullster !!! | eeza | |
17/2/2020 18:46 | I know i should have sold them at 150p :) Hindsight is a great thing when you are trading ...greed and the story got the better of me as always thank you for your comments......think i will have to get back in :) good luck all | greatpepe | |
17/2/2020 18:08 | According to metals daily rhodium is up to $11575 an oz and palladium $2450 Platinum steady at $975 That equates to an SLP PGM basket price of $2862 which they will be invoicing at for some of the 3rd quarter and will be the low for the 4th quarter So looking at q4 that’s $50m turnover minus say $12m costs minus capex of 2 and tax at 33% gives net profit of $24m Just for q4 Some sites are quoting rhodium at $11000 so I could be out let’s say 10% that’s still over $20m net Broker forecast 20m profit and 70p target price That should logically be raised to $60m profit and £2.10 target price | mr stephens | |
17/2/2020 18:03 | SHARE PRICE Vs BASKET PRICE COMPARISON free stock charts from uk.advfn.com | bullster | |
17/2/2020 17:21 | Just noticed on Page 19 of the Sylvania presentation that they expect Rhodium to represent 45% of the 4E 2020 revenue split. | davebowler | |
17/2/2020 17:17 | Eeza Thank you for the explanation, Much appreciated. I still don't always understand the extent of price movements but I'll keep learning. | 1jbrisky | |
17/2/2020 17:17 | Can anyone clever with charts show the above basket in a chart form for the YTD/ 12 mth ? | eeza | |
17/2/2020 17:10 | . Kitco bid prices. PLATINUM 60% @ $969.00 $581.40 PALLADIUM 26% @ $2,392.00 $621.92 RHODIUM 14% @ $10,000.00 $1,400.00 GOLD 0% @ $1,581.60 $0.00 . $2,603.32 . | bullster | |
17/2/2020 17:02 | 1jbrisky Direction of travel is always the correct interpretation of buying/selling pressure. Trades are only interpreted indicatively. Traders with DRM can buy at the Bid & sell at the Offer. Trades are only assigned as Buy/Sell regarding to their proximity to Mid price, but the direction of travel is never wrong.. | eeza | |
17/2/2020 16:56 | you should have sold them at 150p you idiot. | petewy | |
17/2/2020 16:55 | Hi Pepe! Costs down, production up, guidance maintained (with a hint about a possible increase to come), PGM prices booming... debt free, cash in bank equal to 10p per share... EPS (from interims, annualised, fully diluted) of 12.6p per share... Therefore, current P/E about a very lowly 4.2... + PGM prices have shot up since the end of H1 (December 31st), so next quarter's results should be a blowout... I'm not sure where else you can find as good an investment proposition right now. But DYOR! | bookwormrobert | |
17/2/2020 16:42 | hello all well i have been holding these since before they were even quoted in London. Seen them rise to 150 p back in the day then wrote them off for years when they were single figures.... i swore that if they ever hit 50 would sell them and after todays rise i was disciplined and hit the button (at 57) But am thinking to buy them back as its been part of me for 15 odd years and still love the story what do you think???? | greatpepe | |
17/2/2020 16:40 | Record daily estimate price for 4E basket today at US$2540 using bid prices from That is about 40% up since the start of 2020 Pd up 3.6% on the bid as compared to the same time last Friday. | metis20 | |
17/2/2020 16:27 | Eeza, I would agree. However buys have outstripped sells significantly whilst at the same time the share price has dropped 10%. Overall I'm delighted with the days performance but how we started at 46.5p then raced to nearly 60p before dropping to where we are now is a complete mystery to me when you actually correlate the days trades. Not even close. | 1jbrisky | |
17/2/2020 15:54 | Normal profit-taking taking place, imo. News all out. | eeza | |
17/2/2020 15:51 | I don't get the feeling the board feel the need to support the SP: the facts do that sufficiently, and I guess if they think there are institutional sellers around and they plan to buy back some shares, keeping price relatively low makes sense until buyback is done | mad foetus | |
17/2/2020 15:39 | Nothing on Proactive. Would have expected something. | arcadian | |
17/2/2020 14:18 | Not sure if he will He already devoted his whole column to it last week digitally on Monday and then in paper on Friday His digital column today is huge and no mention I hope I’m wrong but he could leave it for later this week or even beyond | mr stephens |
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