Sylvania Platinum Share Discussion Threads

[russman] 27/7/2020 11:40

Cash balance Q4 = $56m.

[plat hunter] 27/7/2020 11:24

Martin,Slide your ruler over JLP, around 60k pgm ouces a year, chrome and currently in the process of scaling grade A copper phosphate to 30,000 tonnes a year with a free carry on 3000 tonnes of cobalt.The structure of the copper deal is similar to SLP's chrome deal. They retain earnings on copper produced instead of chrome but get the carry on something that's worth 30k a tonne instead of a pgm basket.Very low debt and costs basis

[glawsiain] 27/7/2020 11:23

Worth joining the bb for aaz - one of the most knowledgeable on advfn I'd say. No debt, low aisc, good management and making stacks of money. Yet share price is pretty much where it was last year, which is odd. Anyway, enough ramping!

[martinfrench] 27/7/2020 11:05

aaz look good, but not on a par with slp or cey

very good aisc though, will add if it dips

[martinfrench] 27/7/2020 10:56

thanks, will look, cant believe they will be as good but lets see

[glawsiain] 27/7/2020 10:35

martin - aaz

[martinfrench] 27/7/2020 10:25

and if anyone knows more like this (exclusing cey) pls let me know!

and i'm talking hugely profitable, debt ish free, and in the right mkts.

[dandadandan] 27/7/2020 10:20

Making a profit even in lockdown.

Amazing. Share buy backs and putting money in the Bank.

Solid and dependable as ever.

Great stuff.
There are not many of these companies around.

DDDD.

[xow98] 27/7/2020 09:50

I don't have access but they haven't changed their view since March.

hxxps://www.sharesmagazine.co.uk/shares/share/SLP

[cheshire man] 27/7/2020 09:49

Mr Stephens Remis of me not to have added the link



Investing | This is Money

[risa5] 27/7/2020 09:49

Sylvania Platinum operations return after hard Covid lockdown

Sylvania Platinum said on Monday that its dump operations had been running at full capacity since June, after lockdown regulations were implemented to prevent the spread of Covid-19 between 27 March and 30 April, which placed them on care and maintenance.

The AIM-traded firm said the Sylvania dump operations declared 9,055 4E platinum group metals ounces in the fourth quarter, down from 19,968 ounces in the third quarter, as a result of the impact of hard lockdown and the gradual ramp-up to full production, in accordance with amended regulations.

That resulted in a total of 69,026 4E platinum group metals ounces for the financial year ended 30 June.

The dump operations recognised $13.2m in net revenue for the quarter, while cash costs per 4E platinum group metals ounce increased in rand and dollar terms to ZAR 17,008 and $948 per ounce, from ZAR 8,673 and $565 in the third quarter, due to reduced production and a high proportion of fixed costs.

A positive EBITDA of $4.2m was reported in the three months ended 30 June, despite the drop in ounces and its consequent effect on operational costs in the fourth quarter, while net profit fell to $2.2m from $25.3m in the third quarter, due to lower production.

Sylvania bought back a total of 5.6 million ordinary shares at a total cost of $3.4m during the period, and it had a cash balance of $55.9m after share buybacks.

“There is no denying that the unprecedented nature and circumstances under which the operations performed during the past quarter is one to go down not only in the history of the company, but in industries worldwide,” said chief executive officer Jaco Prinsloo.

“The Sylvania dump operations produced 9,055 4E platinum group metals ounces for the quarter, despite an almost six-week interruption related to the national lockdown to prevent the spread of Covid-19 in South Africa, and associated restrictions and limitations placed upon the subsequent start-up in May, with progressive ramp-up to full production in June.

“As a result, the company is pleased to report that it has produced 69,026 ounces for the financial year.”

Prinsloo said the South African government-imposed lockdown, and the consequential placing of plants on care and maintenance, until the hard lockdown ended, inevitably had a “significant” impact on both production and costs.

“However, the company is in the robust position of having sufficient cash reserves to mitigate against the rise in costs and the possible reduction in future cash inflows due to the ongoing situation.”

At 0915 BST, shares in Sylvania Platinum were up 4.26% at 48.9p.

[mr stephens] 27/7/2020 09:31

Where did you see the liberium target price and buy recommendation. I don’t doubt you would just like to read and enjoy it

[cheshire man] 27/7/2020 09:01

Sylvania Platinum Ltd SLP Liberum Capital Buy 47.50 46.90 105.00 - Reiterates

[risa5] 27/7/2020 08:49

They don't want to sell, you can only buy over the phone.

[martinfrench] 27/7/2020 08:40

blatant tree shake, outrageous really.

makes you think you cant read an rns lol

[whitefish] 27/7/2020 08:35

When they announce FY results rather than an Operational Report, I expect they will comment on the Dividend, having USD55.9m Cash must help.

[zho] 27/7/2020 08:35

whitefish

Well done. It had slipped my mind that ADVFN don't always keep their numbers up to date.

[risa5] 27/7/2020 08:32

What about dividend?

[whitefish] 27/7/2020 08:31

Following the above-mentioned transaction, the Company's issued share capital amounts to 286,845,657 Ordinary Shares, of which a total of 14,993,315 Ordinary Shares are held in Treasury. Therefore, the total number of Ordinary Shares with voting rights in Sylvania is 271,852,342 Ordinary Shares.


Actually the above is from Company Press release.

[zho] 27/7/2020 08:29

whitefish - 282.4 million shares issued according to ADVFN

[whitefish] 27/7/2020 08:25

The numbers look excellent, using 1.28 USD /GBP the EPS is 15p (51.4/1.28GBP40.16/271.9m shares)

EV based on Friday's close 83.83m

EBITDA USD72.82 /1.28 = GBP 56.89m

EBITDA to EV around 1.5 x

Please post if above is wrong.

[epicsurf] 27/7/2020 08:13

Quick recovery mm getting cheap shares?

[deme1] 27/7/2020 07:59

Sell up and get into JLP ;)

[basem1] 27/7/2020 07:58

Fine going forward. Be plenty of buyers in the low 40's

[tebboc] 27/7/2020 07:52

The market doesn't like it. Down 13% pre-market opening