Sylvania Platinum Share Discussion Threads

[cambourne] 03/3/2020 12:34

Belting reviews on Investors Chronicle and Stockopedia. Hold on tight and get ready for the afterburn. 90P +

[cambourne] 03/3/2020 12:33

Belting reviews on Investors Chronicle and Stockopedia. Hold on tight and get ready for the afterburn. 90P +

[cambourne] 03/3/2020 12:33

Belting reviews on Investors Chronicle and Stockopedia. Hold on tight and get ready for the afterburn. 90P +

[cambourne] 03/3/2020 12:32

Belting reviews on Investors Chronicle and Stockopedia. Hold on tight and get ready for the afterburn. 90P +

[cambourne] 03/3/2020 12:32

Belting reviews on Investors Chronicle and Stockopedia. Hold on tight and get ready for the afterburn. 90P +

[cambourne] 03/3/2020 12:31

Belting reviews on Investors Chronicle and Stockopedia. Hold on tight and get ready for the afterburn. 90P +

[davebowler] 03/3/2020 12:31

Good article from Stockopedia.

[mr stephens] 03/3/2020 11:14

Haha I remember that

[carcosa] 03/3/2020 10:47

New article on Stockopedia:

[azalea] 03/3/2020 10:11

As a one time holder in SLP and now a mere retired infrequent observer, I am delighted to see those who stuck with the company now sitting on a notable profit.

[nimrod22] 03/3/2020 09:52

well I'm glad that I made the "novice mistake" of buying back-in at 49p a few days ago.

[mr stephens] 03/3/2020 09:39

Was emailed yesterday at 12.20

[cambourne] 03/3/2020 09:20

Article just been emailed to all Investor Chronicle subscribers this should climb throughout the day. Then email again Thursday and the Journal is delivered Friday, so there should be excellent increase today until Tuesday Id imagine. It is a no brainer. Strong Buy IMO

[mr stephens] 03/3/2020 07:42

Yes particularly when the ST target price is 90p and the liberium target price is 110p and record profits are forecast

[redtrend] 03/3/2020 07:28

Aus $0.9195 is 47p. Be interesting to see how many takers they get for that.

After all I assume these were the hold-outs from the last non-UK shareholder buyback?

[deme1] 03/3/2020 07:20

That is how you pay back shareholders.
Use profits to buyback shares.

My other plat play JLP, just likes to issue shares like confetti !

[mr stephens] 03/3/2020 07:16

Part of the share buyback program on RNS this morning

For non uk investors

Sylvania's Board has approved a programme to offer to buy back up to 1,650,339 ordinary shares of USD0.01 each in the Company ("Ordinary Shares") from certain of its smaller non-UK shareholders, where the individual shareholding is no more than 175,000 ordinary shares and is in certificated format (the "Share Buyback programme"). The Company will offer to repurchase these shares at the 60 Day volume weighted average price ("VWAP") (calculated at the close of business on Friday, 28 February 2020) of Aus$0.9195 ("Purchase Price").

“

[mr stephens] 03/3/2020 07:01

Rhodium has been hovering between 12509 and 13000!for most of Feb
The impact of the current prices on the SLP PGM basket $2,658 for q3 and q4
That’s a 42% increase on q2 which was $1872
Costs were forecast to be the same so if production holds at around 18,000 each quarter then it drops onto the bottom line
Approx $64m net profit and $72m cash in the bank less dividend and excluding income from mine disposals
Also all the comments about Chinese and Japanese car factories don’t forget India who are rushing to get their diesel trucks up to E6 emission standards

[redtrend] 03/3/2020 07:00

As point of clarity, new CEO is correct that Rd is circa 12% of production (which of course is not revenue which as people have posted here is far greater).

As per the last presentation with Interims, split at present is (changes depending on output from each site, which is why SLP updates it every 6 months):

PLAT: 62.1% ($865)
PALL: 25.2% ($2,545)
RHOD: 12.5% ($12,300)
GOLD: 0.2% ($1,595)

If you take the prices above, the SLP 4E PGM Basket Price is $2,719. Based on 74K Oz production, I can see why ST and Liberum get a target of 90p.

However there is a huge amount of downside risk to the PGM basket. What long-term PGM basket would warrant a 55p share price? I would say Plat of $780, Pall $1,500 and Rh down to $6,000, or any variation around that (Basket of circa $1,650). SLP seems to be perpetually under-valued though until SLP provide a commensurate dividend, so such a basket could lead to low 40s. Market panics and margin calls of course are a major risk too irrespective of how solid a company is.

[mr. t] 03/3/2020 06:38

On car plants current production status, here's a comprehensive report:HTTps://www.seekingalpha.com/amp/article/4328859-coronavirus-china-impact-on-global-automotiveHyundai's giant Ulsan plant in SK has 4 of 5 production lines operational. Many Chinese plants are due to reopen on 9th March, with VWs on 24th March. Japan is relatively unaffected now, but there are risks with Nissan talking of a small curtailment later in March as they struggle to source some parts.It's clear there's been disruption, and there are risks of more, but talk on here of a complete shutdown in countries like Japan and Korea is plain wrong. I think we'll see a return to normality over the coming weeks, with maybe a boost if governments provide stimulus.I'm a happy SLP holder.

[barnaberible] 02/3/2020 23:15

Cheers - Rh still twice the price it was 2 months ago so I’m not too concerned.

As you say I would think the market is pricing SLP according to a PGM bubble, hence its only on a P/EV of around 2, but every day the PGM prices are at these levels it’s more money in the coffers.

No point in complaining about it as far as I can tell.

[preciousm] 02/3/2020 22:42

barnaberible ‘twas on bbc news. Here’s another:

hxxps://www.bangkokpost.com/world/1852714/coronavirus-effects-shut-worlds-biggest-car-factory


Rhodium fallen 400 tonight

[eeza] 02/3/2020 21:59

That info would be regarded as 'price sensitive' so very doubtful he would say anything specific.
Would expect him to say that the div will be addressed at the appropriate time & that Brokers are merely expressing their own opinion.

[gary1966] 02/3/2020 21:52

Mr Stephens,

If I get a response to my email I will post it here.