Sylvania Platinum Share Discussion Threads

[plat hunter] 07/9/2020 12:08

40k's worth of shares isn't an excesive bonus, which SLP actually paid much less for.So in cost terms it's more likely a 28k bonus for making 30 million.Ha ha ha

[plat hunter] 07/9/2020 12:04

I do trade but see SLP at £2.50 plus in a couple of years but they have to derisk via capex and return more cash to shareholders. I had a price target of 69p from a buy at 59.5.Had manage to take some gains in the week and sold early this morning which allowed me to buy back again shortly afterwards.Just lucky with the bounce, as i just happened to look at my phone at the right time.Still managed to make circa 15% which is what i wanted anyway so considering it was luck rather than skill, i took it. just waiting to see what happens tomorrow now after the webcast.

[corrientes] 07/9/2020 11:34

Seems like there was an attempt to break up the company 9 years ago, when, as now, investors were disappointed with progress. Its dividend return to shareholders has always been grim, but now there's no excuse.

Investors are totally aware this company is highly speculative, depending on volatile metal prices, but the Board don't want to recognise that shareholders are also entitled to make hay while the sun shines.

Being exposed, there's a pervading smell of bunker mentality in their announcement. After all, who wants to upset a sinecure. Haven't checked remuneration packages, but I bet board fees and bonuses will make up for loss of dividend income.

LOL.

[martinfrench] 07/9/2020 11:34

plat,

so from above post you seem to trade this share short term ??

[canigou2] 07/9/2020 11:29

IMHO this does not appear excessive. Rewarded for failure, no. Rewarded for success, they deserve!

[martinfrench] 07/9/2020 11:28

hardly a huge award halfwit

[corrientes] 07/9/2020 11:12

Who are the major holders, and will they be happy with progress in what appears to be a benign environment for PGM companies ? It's the dividend fiasco which led to the fireworks earlier, but that is just a short term issue.

[martinfrench] 07/9/2020 11:04

i think they bod are getting very complacent and lazy, its one thing to know they are making huge money easily, but they have a really golden strong position and are not making the most out of it.

[zangdook] 07/9/2020 10:51

One of the Company's strategic goals is to return capital to shareholders

by buying back shares

and handing them out to the BoD

[plat hunter] 07/9/2020 10:49

Out again...Sold for 61.45, will wait until tomorrow now i think

[epicsurf] 07/9/2020 10:49

Not gonna lie, dividend was disappointing in the short term but fundamentals remain intact,but considering half of Aim companies have shelved payouts can't complain add in the potential for a special in 3rd quarter although not guaranteed will equate to a nice total for year,the investors presentation will hopefully throw some light on what they intend to do with the cash pile , share price has reacted like a earnings miss initially
I have topped up

[canigou2] 07/9/2020 10:46

btw, some of your answers are in here ..
hxxp://www.sylvaniaplatinum.com/component/jdownloads/send/77-2020/484-corporate-investor-presentation-august-2020

SLP have a history of under-promising and over-delivering, can't say that about too many companies on AIM. Let the trend be your friend - the long term trend is heading only one way. Any unexpected news on growth opportunities and this'll be £1+ in the blink of an eye! (and it'll be getting there anyway on the current strategy)

[plat hunter] 07/9/2020 10:37

Samancor are throwing chrome at JLP, why not SLP who were the first movers?I'm only trading the volatility but funk me, anyone who bought since june with the ambition of being a lth, must be seriously revaluating their choices

[jon4567] 07/9/2020 10:26

Plat I'm with you. Overthrow the BOD! No ambition, no leadership, no confidence. Vive la Revolution

[martinfrench] 07/9/2020 10:24

their strategy plat seems a little bizarre and confused, just sitting on hands.

tomorrows presentation should be key, and think we know what a lot of the questions will be around, if they are not then we know they have been heavily filtered

[canigou2] 07/9/2020 10:15

Results look solid IMHO. Conservatism with the cash seems prudent. Outlook looks positive. The BOD are sitting on a healthy, highly cash generative business. SLP's problems, i.e. the shareholder gripes expressed here, appear nice ones to have!

[jon4567] 07/9/2020 09:59

$6.6m fx loss for the year, due to holding virtually the entire cash balance in ZAR. Why on earth isn't this hedged?! How much will unnecessarily be wiped off the cash balance next year.

[valhamos] 07/9/2020 09:59

kaos3 - depends on the management; some of the best (that is in terms of high returns on invested capital) companies in the world have lots of cash on their balance sheets- Microsoft, Lam Research, Skyworks etc.