Sylvania Platinum Share Discussion Threads

[jon4567] 21/8/2020 09:48

I'm not sure what XD has to do with this? My point is the market has already received extensive quarterly results. All that remains is to add them up and receive sign off from the external auditor. There shouldn't be any new information relating to the the 2020 year end in the full year results, except for the size of the proposed dividend of course.

[martinfrench] 21/8/2020 09:46

added back my top slice, made £35 but with rising rhodium price just cant afford not to.

[plat hunter] 21/8/2020 09:25

The thing is with metal producers is that bar certain fluctuations... Most costs to produce and sell are generally fixed, and then every single dollar increase in the metal is leveraged against actual production and goes straight to the bottom line as pure profit.Minus taxes of course... Come XD the market will get a heads up that earnings and cash genetaration will have almost doubled over the last year.Then you can add another 30% to that for next year as, touch wood, there won't be another lock down.

[jon4567] 20/8/2020 16:57

Mr Stephens I totally agree. If I remember correctly the share price fell on release of Q2 update, then shot up dramatically two weeks later with the H1 update. It was the same information, just presented differently. We already have all the info to work out an accurate full year P&L and balance sheet. We already know the full year results will be excellent. The market however doesn't seem to know this yet

[plat hunter] 20/8/2020 15:08

Full ask being paid whilst the bid drifts.Someone's trying to shake a few free

[mr stephens] 20/8/2020 12:22

SLP were producing 20,000 ounces a quarter until lockdown. They came out of lockdown and managed to produce 9,000 ounces. So total 69,000. They put out an announcement in q4 stating they were up to full production. Therefore conclusion is they will be back to around 20,000 ounces a quarter. All I do is read what they report and contribute here accordingly.i believe one of the reasons the share price does not reflect the performance is that potential investors and some current ones do not read the quarterly updates. A lot of questions that get asked on the boards whether here or on other sites have all the answers in those updates
It astonishes me how it’s trading below the Liberium target price of £1.05p let alone below 60p when profits for this year are up around 190% and it’s on a pe of under 3 with over $50m in the bank so cash adjusted pe of 1.7 with a high potential dividend pay out forecast initially at around 10p but reduced in recent updates to 4.6p.The high PGM basket price plus the increase in production indicates this will continue for another year at least. Hopefully when it’s all added up for investors in September the price will shoot up. Those already in will benefit the most and rightly so

[martinfrench] 20/8/2020 10:11

mr stephens,

not sure just how easy it is for them to ramp up production, but 80k would be amazing, if they can cash in on the rhodium shortage then lets go for it.

and they have the cash to do it.....

[plat hunter] 20/8/2020 09:26

It has to double imo... or at least north of 60

[epicsurf] 20/8/2020 09:03

To put into context
dividends of $2.9 million were paid to shareholders in November 2019 last year
The only question this year is how much they will increase the pay out for 2020, no question this is a well run company with excellent fundamentals and the with the current pgm basket price bodes well for increased cash generation and hopefully feeds down into a generous progressive dividend policy

[plat hunter] 20/8/2020 08:47

Somewhat overly optimistic that Mr Stephens.

[someuwin] 20/8/2020 08:21

What are they going to do with all this cash? Are we expecting a special dividend - and if so when?

[mr stephens] 20/8/2020 07:46

Rhodium up to $12800 palladium $2195 platinum $950. SLP PGM basket up again to just over $2900 after smelting $2300
It’s not just important for q1 and beyond in 2020-21 it’s showing that there will be consistent growth in the business for the future. Analysts can build forecasts with more certainty as SLP is demonstrating its not a one hit wonder. The production ounces missed guidance due to covid 19 this year at 69,000 ounces but they still deliver profits of over $50m. Next year there is automatically more ounces possibly 80,000 plus and then the increased basket price so forward profits could be between $60m and $70m with similar cash in the bank and another strong dividend

[epicsurf] 20/8/2020 07:19

Rhodium on the move again, very encouraging

[nimrod22] 19/8/2020 19:11

surge in global demand: -

[plat hunter] 19/8/2020 15:47

And away we go

[book5] 19/8/2020 13:08

Good recovery
Well done

[plat hunter] 19/8/2020 12:43

Good call so far MF

[martinfrench] 19/8/2020 11:23

wish i hadnt top sliced at 58.8 yesterday, was only 10k, still have 40k left

bloody rhodium....:-)

[plat hunter] 19/8/2020 09:59

Just added 14,419 @ 58.95.Has anyone seen the size of that bowl at 60p?

[someuwin] 19/8/2020 09:06

Bought more.

[mr stephens] 19/8/2020 08:43

Rhodium up to $12,000 which means the SLP headline basket price is now $2,724 before smelting so they realise approx $2100 after smelting. This is about the highest it’s been so getting better and better for q1 2020-21

[juuunx2] 18/8/2020 17:45

When was it/ is it