Sylvania Platinum Share Discussion Threads

[mr stephens] 19/2/2020 11:53

No I’m long
Just nice to see it hit the first ST target

[chrisatom] 19/2/2020 11:01

60 has no relevance apart from being a round number. It could also pull back to 53p at some point. Are you day trading it?

[mr stephens] 19/2/2020 10:47

Being a cheapskate I’m relying on info posted here
I believe the profit forecast after tax so net profit was 36.3m
The $54m was net cash profit before tax and dividend payout
If they were quoting 54m net then based on their own logic the target share price should be 1.85
When they quoted 20m net for the year the target was 70p so x 3 = 189
Pretty sure their full year net net forecast is $36.4m
My net net forecast is $55m

[albanyvillas] 19/2/2020 10:36

PEB

The Board is excited about our future and looks forward to providing a further update in our audited results for the year ended 31 December 2019 which will be announced in late March 2020

Should get the date announced soon

[mr stephens] 19/2/2020 10:20

Dropped back to 59.4
Thought it would hold once through 60
Hang on in there

[redtrend] 19/2/2020 10:18

Mr S - I'm not sure where you get $36m Net Profit from?

The financial model at the back of Liberum's broker note has $59.4m Net Profit for FYE 2020.

[mr stephens] 19/2/2020 10:15

Broken through 60p

[mr stephens] 19/2/2020 10:12

Great insight red
But liberium forecast of $36m profit for the full year is woefully short of reality therefore the target price is also too low
Net profit will be over $50 after costs tax capex and dividend
So we should be at least quadrupling

[redtrend] 19/2/2020 10:04

Based on a share price of 54p, the latest Liberum broker note forecast dividends:

FY Jun 2020: 8.8% (Nov-20 div payout if stick to same timetable as last 2yrs)
FY Jun 2021: 22.1%
FY Jun 2022: 30.1%
FY Jun 2023: 29%

So you would double your money with the dividend and if SLP can hit the Liberum target of £1.11 you would more than triple your money.

Liberum's forecast has more upside as it is based on:
- significantly lower 4E PGM basket than now (e.g $1,980 for FY Jun 2020, when 1H we were at $1,830 and now at $2,800)
- no expansion plans. If chrome market picks up in couple years time, Liberum's note from April 2019 could come back in to play where there are 3 key sites of expansion for Samancor with potential to add 30-50K Oz which Liberum equated 29p/ share.
- Volspruit sale/ development/ JV not included: $43m on the books, but more if all approvals secured and ready for sale/ dev. Liberum forecast $50m disposal at 15p/share
- Third pass material viable not included, which would extend steady state life of production past 9-10yrs. SLP current mine plan is to process all dump material and current arisings twice.

Edit: forecast dividends are based on Liberum's financial model at back of their broker note. I'm not sure if for this particularly item, how closely SLP management may have been involved in their house broker's modelling of said dividends. As example, if SLP now have big JV plans for Volspruit rather than a sale, even if they're a minority non-operator partner of let's say 45%, they would still have to stump up a lot of Capex which I would personally prefer over dividends. However if they plan to sell it for $50m to payout a mammoth special div, I'm not going to look a gift horse in the mouth either.

[mad foetus] 19/2/2020 09:33

Liberum were forecasting 17c and 21c dividends I think, so near on 28p in diva over the next 2 years. That is astonishing.

[fizzypop] 19/2/2020 09:19

Back at the ATH of 58.5p

[muffster] 19/2/2020 09:02

Thanks Metis

[metis20] 19/2/2020 08:45

"The share buyback will be funded from the Company's current cash balances. It is intended that approximately 7 million of the Ordinary Shares acquired under the Share Buyback Programmes will be allocated to a new Group employee share trust for South African operational and support employees and the balance will be cancelled."

[mr stephens] 19/2/2020 08:28

Re small directors shareholding’s
I thought that a while back but they do have a significant share option scheme
One of the reasons they are buying back shares as well as putting them in the treasury

[muffster] 19/2/2020 08:14

Hello all, does anyone find the small Director holdings here a concern?

[metis20] 19/2/2020 08:01

Pd futures are up more than 7% today

Pd bid price is up more than 7% as compared to around 6pm yesterday based on figures from

[thelongandtheshortandthetall] 19/2/2020 07:45

DOH! Palladium up 4% :)

[thelongandtheshortandthetall] 19/2/2020 07:33

wow Platinum up 4% this morning.

[risa5] 19/2/2020 01:29

Will platinum metals investing make you rich? I think these 3 stocks could help

Hydrogen fuel cells
Platinum and palladium, however, have another application that may mean demand (and then prices) for the metals will rocket even further, giving a big boost to AAL, EUA and SLP. The particular properties of these metals makes them ideal catalysts in hydrogen fuel cells that may represent the future of electric cars. Many Japanese carmakers are investing heavily in this area.
That is why platinum metals are in high demand from the car industry now and likely to be so over the next decade.

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] 18/2/2020 23:47

The measures quoted in the accounts and in liberiums firecadts and in investors chronicle are all in OZ

Troy ounces are OZT

Not sure who should be investing not my call

I seek help guidance and opinion on these forums

Not patronising comments

See below


he troy ounce (symbol and abbreviation: ozt) is a non-SI unit of mass commonly used to gauge the weight of precious metals. One troy ounce (ozt) = 1.09714286 ounces (oz) = 31.1034768 grams (g) = 480 grains (gr). The international avoirdupois ounce (oz) = 28.349 523 grams = 437.5 grains (gr).

[mattafc] 18/2/2020 22:33

Precious metals are always Troy oz,so you can 100% guarantee this is how these prices are quoted. If you in anyway think they're using cooking oz's then you don't understand the industry therefore should not be invested here

[sonofbanjosinger] 18/2/2020 20:08

It would be fair to say at the moment we are a primary rhodium producer with a couple of useful by products...palladium and platinium.