Sylvania Platinum Share Discussion Threads

[scooper72] 07/9/2020 09:57

With the recent wise this morning could be seen as a decent tree shake.

[kaos3] 07/9/2020 09:45

white - cash tends to dissapear slowly and loose its purchasing power in general terms. it is in its nature to do so - wherever it is

[plat hunter] 07/9/2020 09:44

Back in at 56

[whitefish] 07/9/2020 09:11

I note very few comments on Company forecasts that r like the Dividend usually conservative!

Projected EBITDA in current FY over USD100m giving potential NP of USD 65 to USD70m or around GBP51m.

The Cash is not going to disappear if the Dividend is not paid immediately and in the unlikely event one is not paid in Q3 then cash will increase by over GBP30m to about GBP70m+ in FY 2021.

I wouldn't be a seller at 60p!

[corrientes] 07/9/2020 09:07

MM's make their money on emotion, not economics.

[valhamos] 07/9/2020 08:56

Not that fussed about the dividend - seems strange that posters here are fixated by the issue. Just missed out on that dip -pity.

[martinfrench] 07/9/2020 08:52

and with this awesome report, we are quite a bit vulnerable to market maker shakeouts because there is no floor under the price that a dividend would give, or rather a proper dividend

[risa5] 07/9/2020 08:51

That windfall dividend (even if it happens) will not add long term value, with all these pile of cash they need to have a proper dividend arrangement.

[catsick] 07/9/2020 08:50

Looks overdone , I thought the results were decent and bought some more after the sell off, company is awash with cash and have highlighted a bonus div in the second half based on crazy Rhodium prices which are still heading higher , more share buybacks probably in the pipeline too ..

[nimrod22] 07/9/2020 08:47

I made 8 top slices over the last two weeks, buying back in at present to catch the bounce later today.

[kaos3] 07/9/2020 08:45

me neither - 1. it seems to me that they do not believe in PGM price strength continuitation 2. they like it easy for themselfs and will keep lots of cash just in case (throwing the cash earning potential away for every one)

[martinfrench] 07/9/2020 08:42

the problem is nick, does anyone have any confidence in any payouts ????

i certainly dont.

[investor0109] 07/9/2020 08:42

Fantastic results and sell off this morning makes little sense, at least to this poster.

Net revenue +62%, Adjusted Group EBITDA +130%, EPS +130%, huge cash reserves and dividend paid out, all in the midst of the worst economic crisis since WW2. Sterling work by SLP, who continue to grow the business at an impressive rate. Those selling this morning might well regret by the afternoon.

[nickwild] 07/9/2020 08:40

The Board is therefore considering the payment of a 'metal price windfall dividend'. This windfall dividend payment will be based on excess cashflow generated from palladium and rhodium prices achieved above long-term broker consensus prices for these metals for the 2020 calendar year. Actual production achieved, actual prices achieved and the actual ZAR exchange rate will all be taken into account as well as its share of royalties, corporate tax and dividend withholding tax. Considerations to be taken as to the calculation of any potential windfall dividend, will be on an "achieved basis" and would be a once-off consideration. Should a decision be taken to declare any windfall dividend, the Company aims to make payment in Q3 FY2021.

[martinfrench] 07/9/2020 08:35

i have reduced, only holding 20k, will add depending on the explanations given at tomorrows presentation. i didnt expect much of an increase but this is pathetic

confidence lost, have never known a company sit on cash like this one.

no ambition, no real clue, why dont they just follow centamins approach, both have volatile assets to deal with so no excuse.

stingy payout doesnt do it justice.

and dont you just love the jam tomorrow might pay a dividend if rhodium is at $1,000,000 an ounce, but then again might not. oh and if we do pay a special dividend it will prob be around 1p

couldnt make it up could you

[stemis] 07/9/2020 08:31

Even managed to hide prospect of a special dividend away in notes, although based on todays performance likely be a dividend of 0.5p or something.

Edit: Liberium forecasting 3p for what it's worth

[otemple3] 07/9/2020 08:28

Well I said I wasn't expecting fireworks but this looks like a massive overreaction. Shame I have a full holding here as back to looking good value in the blink of an eye.....

[stemis] 07/9/2020 08:27

What an absolute bunch of amateurs this board is. Company now valued at 2.1 x ebitda but share price in freefall, down 14% because, out of $56m cash and $70m ebitda, they decide shareholders can have $6m (and allowed brokers to forecast more).

[risa5] 07/9/2020 08:24

This board doesn't care about shareholders or share price now 55p pathetic.