Sylvania Platinum Share Discussion Threads

[stoodio] 11/8/2020 10:46

Did the village idiot ever revisit this board? Asking for a friend :)

[mr stephens] 11/8/2020 10:18

Thanks for that Someuwin. Reasons to be cheerful 😀

[someuwin] 11/8/2020 10:12

Liberum issued a new note on SLP today

BUY Target Price 105.0p - Publication Price 51.0p

Sylvania Platinum

Heading back up past the highs

We expect the underlying strength in platinum group metal
prices (PGMs) and weakening South African Rand to drive
Sylvania’s share price even higher. The fundamentals for
PGMs are improving, with global car sales growth having
positively inflected in June. Visible stocks of palladium and
rhodium are already low and there is minimal supply growth
potential in the years ahead. Further operational lockdowns
in South Africa are a risk, but the impact will be offset by
even higher prices. The shares are trading at a 40% FCF
yield on spot prices, making it our top pick in the space...

[mr stephens] 11/8/2020 08:41

Rhodium at $11,000 an ounce so the SLP PGM basket is now breaking through the $2700 ceiling. This is fantastic news for any stock currently being produced or already at the smelters. Q1 2020-21 off to a flying start and we still await the record results from 2019-2020. Reasons to be cheerful

[glawsiain] 10/8/2020 22:51

Cheers someuwin!

[someuwin] 10/8/2020 21:46

Added a few metal charts to the header as requested

[mr stephens] 10/8/2020 15:14

According to my broker over 1m shares traded and 88% buys

[mr stephens] 10/8/2020 15:11

SLP is significantly undervalued
This years results will show a profit after tax of over $50m so approx 140% above last year. There will be approx $50m cash in the bank. This is from adding the quarterly updates to the half year results.At this price the pe is 2.7
Adjusted for cash it is 1.9. Crazy undervalue. IC target price was 90p. Broker Liberian is 1.05. Incidentally they forecast 11p special dividend so the share price will jump whatever the value of the payout is. They also performed well during the post lockdown period and will deliver 69,000 ounces compared with 72,000 last year. Amazing since they were closed and then on half production. They are now back to full production. The current PGM basket is touching $2500 an ounce which is nearly a record. So 2020-21 looks good too as production could well be 20% higher and the basket price 20% higher. Workers were well looked after too which is great to hear in these troubled times. Costs in the last quarter were up as they kept everyone on full pay. Only 11 covid cases reported and no deaths. Sadly 2 deaths in workers families. But overall considering the times this is a highly credible performance that the statistics will surely drive recognition
What other company has increased profits by 2.5 and also got a third of its market cap in cash and is going to pay a huge dividend?

[jon4567] 10/8/2020 12:49

Either JLP is massively overvalued, or SLP is ridiculously undervalued. My money is on the latter. FY results and dividend announcement will see a jump in share price to above 12 month high. Good luck to all.

[deme1] 10/8/2020 11:36

Is it time for you lot to transfer some profits to JLP.

Deals coming in left right and centre.

[mr stephens] 10/8/2020 10:26

Rhodium has broken through the $10,000 level today and sitting at $10,200
Another reason to be cheerful. The PGM basket price for q1 2020-21 is surging
This will get recognised and reported on
Up up up
I’ve added to my holding today

[nimrod22] 08/8/2020 12:31

Platinum to catch-up

[redtrend] 07/8/2020 15:28

They sell their PGM concentrate to a refiner and normally if you compare the revenues in their reports versus market prices for the PGM 4E basket, its normally at a discount/differential of 20-23%.

SLP are unhedged

[jp2011] 07/8/2020 14:31

Is SLP hedged or ones it take the spot price?

[mr stephens] 07/8/2020 09:19

Than you and Whilst relevant Nimrod the PGM basket as you know is made up of platinum palladium and rhodium.60% platinum 26% palladium and 14% rhodium. Financially Rhodium is the biggest contributor to SLP’s basket
An increase in the rhodium price means more than the others metals put together
Last week Rhodium was $8200. Today it has risen to $9800. This puts the spot basket price up to $2532 less the 20% the smelters take.This logically should have a positive impact on the share price and will be of benefit to q1 and q2 2020-21. Currently looking forward the Net profits could climb from around $50m plus this year to around $70m next year
Reasons to be cheerful

[nimrod22] 06/8/2020 12:53

Prices up in Dollars over the last month
Silver 54%
Platinum 18.54%
Palladium 14.9%
Gold 15.44%

[redbaron10] 06/8/2020 12:08

Nice little up draught in the sp

[redbaron10] 06/8/2020 12:04

Bless this child

[redbaron10] 05/8/2020 20:07

Cyril Ramaphosa helped build the National Union of Mineworkers in his younger days so he has an understanding of the PGM mining industry in S.Africa.Unlike Jacob Zuma the previous president, he has a better understanding of promoting foreign inward investment into S.Africa which the country is desperate for.He has witnessed John Magufuli's interventions in Tanzania and seen the negative consequences for inward investment into that country.By antagonizing Western investment Tanzania is now pretty much reliant on Chinese investment and all that entails.I would be very surprised if Ramaphosa started agitating for change in the S.African mining sector at this juncture.Especially coming recently out of a coronavirus lockdown imho.

[petewy] 05/8/2020 19:56

davidbrent put same post on AAZ & BMN Filtered

[mad foetus] 05/8/2020 18:53

Ignore this fool he's a new name just registered with advfn spamming boards

[xow98] 05/8/2020 18:47

That would hardly help inward investment to the country and given they have just receive ZAR70bn from the IMF with a number of criteria imposed on the lines of growth enhancing policies etc. it is extremely unlikely they would nationalise it.