Sylvania Platinum Share Discussion Threads

[mr stephens] 21/2/2020 08:39

Thank you fir that extract TFC
What they seek to miss is rhodium
Whilst it is 14% of SLP PGM basket in ounces it represents over 50% of the revenue
Palladium is high too at 26% of produced ounces

[mr stephens] 21/2/2020 08:35

Does the tempos article tip SLP?

[daburd] 21/2/2020 08:34

I liked the caution expressed in the H1 report about not increasing forecasts ("guidance"). The new CEO will want to be seen to deliver earning surprises which I think we will see in their Q3 results. I'm not selling anything until we see what these are at the end of April.

[eeza] 21/2/2020 08:27

Someone has to sell - else you can't buy.
Finite number of shares.

[thefartingcommie] 21/2/2020 08:27

Palladium
If the glister comes off gold it could give palladium an even greater chance to shine. The value of the metal has raced to record highs over the past 18 months but in its case there are probably more rational reasons to expect its popularity to continue.


Palladium is one of six metals in the platinum group, which includes rhodium and osmium. The metal is highly sought after for its use in catalytic converters and hybrid vehicles. It is also in short supply. With Russia and South Africa the main sources, 80 per cent of mined palladium ends up in the converters, where it reduces harmful emissions from petrol and diesel-powered internal combustion engines.


As vehicle emissions legislation, particularly in Europe and China, becomes more stringent, demand for these converters has risen dramatically. With palladium also featuring in hybrid vehicles — part of the hoped-for transition to all-electric cars — there seems little chance that the desire for it will reduce substantially.


Although this has been the driving force propelling palladium prices higher, the metal is also used in jewellery and electronics, adding to its attractiveness.


Incidentally, and adding to its rarity value, unlike gold, there are limited ways of taking exposure to palladium. Among listed companies, the only pure-play palladium producer of size is Tharisa, which owns the eponymous mine in South Africa, although there is also Sylvania Platinum, listed on Aim, which produces all six of the platinum group metals.


The rising cost of palladium has become a serious concern for car manufacturers, and analysts have speculated that they might adopt a cheaper material — platinum, for example. Although slowing sales mean that profits are under pressure, the cost of moving from one metal to another is high, and likely to act as an impediment. In the background is also Norilsk, the Russian mining and metals producer that is considering investing in new palladium mines to release more of the commodity on to the market, so dampening prices and encouraging carmakers not to switch.



Miles Costello
Friday February 21 2020, 12.00am, The Times


hxxps://www.thetimes.co.uk/article/fields-of-gold-are-a-little-too-precious-btpbs63rg

[fizzypop] 21/2/2020 08:26

Price tempered by Tempus mention so not looking cheap to get back in for recent sellers - 63p bid, 65p offer.

[mfhmfh] 21/2/2020 08:17

some posters did very well yesterday with concerted posts to say they were 'selling out' and others followed to cause the drops from highs.

Tempus article will give SLP extra coverage to a wider audience.

110-120p.

All IMHO.

[daburd] 21/2/2020 08:05

Good spot lennyhall21, Tempus article today in The Times says "buy Palladium/Platinuum eg SLP et al, avoid Gold

[happyvalley1947] 21/2/2020 08:04

After a steady climb the odd pull back is to be expected. If the fundamentals are good and they seem to be with IC's Simon Thompson 14 Feb "Strong buy" recommendation why take a profit now? I expect this to carry on rising with some turbulence on the way!!

[flavio_monteiro] 21/2/2020 07:55

Can someone report Lennyhall21 please to the advfn admin urgently...spam merchant....

[book5] 21/2/2020 07:53

All precious metals up
Keep going
4% gap anyone? Up or down? ;)

[routy] 21/2/2020 07:46

Rhodium up to $11,000 on Kitco...

[book5] 20/2/2020 19:19

Markets freaked before close of European markets
Markets and Pd recovering now
It may not last tough

[eeza] 20/2/2020 19:12

But, not reality - yet.

[homebrewruss] 20/2/2020 18:59

Mf, agree that kind of yield is impossible to ignore

[melton john] 20/2/2020 18:05

Arcadian, buys and sells for NEX trades are usually the wrong way around, don't ask me why.

[stoodio] 20/2/2020 17:35

No need for the foul language big boy

[arcadian] 20/2/2020 17:33

The attribution of buys and sells to the appropriate column was not at its best today,

just in case anyone was using them to gauge their day trading. For others the facts of PGM price trends and thus profits dividends etc will hold sway for some time to come.

[stoodio] 20/2/2020 17:03

What's it saying big boy

[eeza] 20/2/2020 16:46

You need to keep an eye on the RSI.

[mr stephens] 20/2/2020 16:33

Thank you
I’d not really considered that but it is significant

[longterm67] 20/2/2020 16:31

I think the Grand old Duke of York must be the market maker for this today, I got out at 63.5 , lets see what happens tomorrow am