Sylvania Platinum Share Discussion Threads

[plat hunter] 30/8/2020 17:15

Would love to seem them take on more chrome contracts though.This could easily be doing 200 million a year if they secured additional material and a processor maybe.JLP are getting there already with multiple feed sources and sites, no reason why SLP shouldn't be able too.Recover the chrome for the mine owner and retain the benefits of the downstream pgm..

[koolio] 30/8/2020 16:40

SLP have gone on record as saying if they cannot invest and achieve a Return on capital of greater than 25% they will/world return capital to shareholders. I can’t tell you exactly what years that is in the reports but I’m thinking 2013 or 2012. When they spun off ironveld there was a nice bonus for all of us that held in Free Ironveld shares. The board and management have demonstrated trustworthy behaviour for many years and to suggest otherwise is pish. Yes; They may be a little bit leaky on the run up to figures but that is the norm in aim companies. I’m happy to hold and will continue to do so until I top-slice at +90p.
Good luck everyone and try and stay focused on the value that these shares offer and not be drawn into unsubstantiated gossip that some people use To get a hold of your shares.

[russman] 30/8/2020 06:01

The finals would be an ideal opportunity to clarify a number of outstanding legacies.

[plat hunter] 29/8/2020 22:22

Couple years of pgm prices at these prices and this is a 500 mill mcap company with only 280 million in issuance that's an share price of £2

[corrientes] 29/8/2020 18:12

It all sounds very plausible and maybe I'm worrying too much because so many have deduced that the share price should be quite a bit higher than it is. I just hope they're not going to spend most of the surplus cash on a questionable acquisition at the expense of the current shareholders.

Sorry, but over the years I've seen what happens when there's a lot of surplus cash around, and quite often rewarding shareholders with a significantly enhanced dividend isn't exactly top of the agenda. The puffed up board goes for what is sometimes just a vanity project, rather than concentrating on its bread and butter.

[whitefish] 29/8/2020 17:39

Corrientes, I am a bit like Mr Stephens confused by people worrying about the numbers!

From what I can see we already know FY Revenues, EBITDA, Net Profit and Cash balances etc? Therefore, we have a very good idea on EPS, PE EBITDA:EV.

The information of most importance next week is:

1) Projected production to June 2021
2) Corporate Presentation Forecast EBITDA (and costs)
3) CEO commentary.

Whilst the share price remains a bit of a mystery, this is not anything new with this share.

I agree with many contributors, payment of a decent dividend (say 5p) and a share buyback of (say 20m plus shares) would significantly lead to a share price rise and be in the interests of shareholders, as the buy-back would boost future EPS.

Assuming Production of say 76k ounces to June 2021 and EBITDA of >USD90m, then the Dividend payment and share buyback will be achievable alongside an increase in Yr end Cash.

The only reason Management can really justify not doing the above is because they wish to fund either major CapEx or an acquisition.

Lets not forget, over a 12 month or 18 month view the share price is trending in a very positive direction. Given Rhodium has been USD6,000 an ounce higher recently than a year ago (under USD4,000) and Palladium is up 40+ % YOY, we should be optimistic. History would also suggest if Gold continues to rise (as expected) this could start to lift Platinum, that many think will be in a new "bull" phase over around 1,050 $ an ounce. Furthermore, China Car production has recovered and South Africa PGM production is down!!

[corrientes] 29/8/2020 15:23

If the figures are not as good as expected, for whatever reason, one might be tempted to speculate that the situation is known to more than just a few insiders, which would only confirm my suspicions about the board of directors.

Let's hope I'm entirely wrong !

[epicsurf] 29/8/2020 10:02

I think the market is waiting to see what dividend is announced, we all know it is highly profitable and throwing of lots of cash there is to much sitting there not to be deployed, a significant distribution would bring it to the attention of income seekers as well,especially in the current climate

[corrientes] 29/8/2020 09:34

Is this Samancor issue really finished or is it a case of guilt by association ? Do we have suspect directors (?) so that most of the big money won't consider this a suitable place to park their cash. Have the directors changed at all ?

You'd expect to see a better share price following the commodities upwards movement, so unless this matter has already been clarified by the board, in some form or other, their (deliberate ?) lack of communication skills, suggests leopards don't really change their spots, so supressing the share price ie they couldn't care less.

I sincerely hope not, but the results may turn out to be a non-event. At least the share price is bolstered by the high prices being obtained at the moment, so on the other hand, I don't expect a fall.

If somebody can argue against my superficial case, then great.

[martinfrench] 29/8/2020 09:04

Would expect it to be higher pre results especially with firming pgm prices

[juuunx2] 28/8/2020 23:34

On what grounds?

[martinfrench] 28/8/2020 20:10

Well,

Very disappointing week for slp, should be in mid 60s

I think tops after results is now 67-70

[corrientes] 28/8/2020 19:07

IF the board wants to attract investment here, then a better than expected dividend should greatly help at a time when interest rates are close to zero. That will surely get the attention of the financial press. IMO.

[plat hunter] 28/8/2020 18:46

Fund managers been adding chunks since November... Go check out the TR1's

[martinfrench] 28/8/2020 15:30

and impala, just going on the low for covid, have almost tripled, we have not, so we need to be near 70p just be like with like with them if that is your comaprison

[martinfrench] 28/8/2020 15:28

thats why a healthy dividend is required, hard to ignore almost 10% in these times

but knowing slp they'll just go for the pedestrian 5%, still good

[corrientes] 28/8/2020 15:00

Despite all this potential, but theoretical good news, the Market seems just a little bit sceptical, but who is going to be proved right ? If reasonably close to expectations, could we then hope for a surge immediately thereafter, or is this a share, doomed never to attract interest or the headlines, and be bound by low multiples forever ?

Impala are anticipated to make a good showing quite soon, but is their share price any better than SLP's, purely based on simple percentages ? There might be a bit of apples and pears here, but I'm now not expecting anything other than a small firecracker from SLP, and certainly not a rocket.

I don't have enough knowledge or experience to know whether maybe there is a perpetual negative Southern Africa effect, or whether platinum group metals just don't excite like gold does.

[martinfrench] 28/8/2020 10:45

chart does look a little wierd, certainly expect it to break out

[plat hunter] 28/8/2020 10:21

Cmon Sylvi ;-P

[plat hunter] 28/8/2020 09:54

Looks good for imminent breakout imo...Results possibly Tuesday?

[plat hunter] 28/8/2020 09:25

Finally the the tick up in the bid

[mr stephens] 27/8/2020 22:11

Lost me there but 70% were sells. Up until 13.00 all trades were buys. Last trade was 59.8p hence closing price of 60p. Hope that helps

[martinfrench] 27/8/2020 21:33

But certainly not every day trades, by size

[mr stephens] 27/8/2020 21:22

Not sure if they are huge trades. There are 272 million shares in SLP. Less than 1.2m were traded today. So that’s zero point 4% of shares or 0.4%

[martinfrench] 27/8/2020 18:22

Huge trades, just hope they are not sells...