Sylvania Platinum Share Discussion Threads

[martinfrench] 18/1/2021 19:52

what else you in pink ?

if i bought here at 6p then i would be posting really frequently

[pinkpudycat] 18/1/2021 19:44

1st post from me, I’m really pleased with my investment here from 6p, I had put these away and forgot about them as I purchased them through our cooperate account and only picked up on it in November last year, I purchased a few more on Friday and will now let them run, if only all my picks were as good as this.

[thelongandtheshortandthetall] 18/1/2021 18:28

As the basket price rises it has a disproportionate effect on profits.
Basket price could rise 25% but create a 100% rise in profits.

[metis20] 18/1/2021 18:18

Since start of this month the SLP 4E basket price is up about 16% and the share price up about 17%.

Basket value breakdown now approx 1/1.1/3.7 for Pd/Pt/Rh

Rh up significantly again today.

[thelongandtheshortandthetall] 18/1/2021 17:18

Appols if already posted:

[plat hunter] 18/1/2021 16:28

well not here anyway

[martinfrench] 18/1/2021 16:18

have rarely seen that, bid moving very close to ask so near mkt close, strange time to do it

[plat hunter] 18/1/2021 15:32

Nice Petewy... been in an out since sub 15p


Started doing the same on ths from 70p, will go back to JLP when they start building on free cash flow without dilution


Buy and hold isn't my style, daily P+L is what I'm after.


Note my posts towards the end of the year, "£2 tokens easy" I also note the RSI bursting through the ceiling too though.

[leopoldalcox] 18/1/2021 14:30

Improving chrome prices are good news for SLP as it supports the chrome-producing host mines

[petewy] 18/1/2021 13:17

Plat. In long term 154% up. No risk as far as I can see

[danieldanrichardson] 18/1/2021 13:02

Plat trying to put a positive slant on his earlier decision to sell out is making me chuckle lol. Go Plat! You the man!

[plat hunter] 18/1/2021 12:54

That'll do me for today, a nice round 5% for a mornings risk.

[mo123] 18/1/2021 12:48

World Platinum Investment Council (WPIC): Global platinum jewellery demand in Q3'20 bounced back by 27% quarter-on-quarter as pandemic-related restrictions eased, with a 14% (+29 koz) increase in China.
Looking to 2021, global jewellery demand is forecast to gain 13% (+246 koz).

Suppose they don't have Q4 fig's yet.

[allonblack] 18/1/2021 12:33

I have a question for anyone who knows. Is the chrome price recovering due to china shutdowns and what upside does that mean for SLP? There is some chat about chrome being suppressed but the analysts dont mention it at all in their valuations. Thanks

[martinfrench] 18/1/2021 10:42

its still dirt cheap kenny, as long as metal prices hold/rise, then all will be fine, with the occasional retrace.

will also be higher in share price than cey soon, who would have thought that 12 months ago

we also have the anticipated platinum run happening sooner rather than later

[kennyp52] 18/1/2021 10:16

The added bonus is dividend paying which many other similar miners simply cannot afford so this is another solid reason to hold

[cordwainer] 18/1/2021 10:03

I'm up 43% on this in 1 month. But if the metal prices hold up well that could be the Catalyst for share price to double this year imho.
edit - if i'd seen your post 1st carcosa, i woudnt have bothered with mine. thanks.

[carcosa] 18/1/2021 09:46

Kenny,

After a large share price increase it is tempting to think the value of the company has got ahead of itself; that is often the case when just looking at the share price graph. The following may however help to put into context the value credentials.

Lets assume before the rapid increase in PGM prices we generally think the share price was trading at normal levels for a number of years. Historically the P/E ratio bounced between 2.5 and 6.0. During those years the company had around $0.5m to $15m in net cash.

The latest results stated net cash of $55m and many observers can readily believe that at the end of this year that net cash will have grown substantially; perhaps in excess of $150m

So, as a valuation exercise, strip out the expected YE net cash, add in a normalised $15m or so and then work out the cash adjusted P/E. You get around P/E of 3 to 3.5. That would imply there is a long way to go before SLP could be considered over-valued.

Looking at the wider context of things; there is good evidence to support elevated PGM prices over the short and medium term. So perhaps something should also be priced in for that.

Additionally we don't know what the Board is going to do with all that money. They could use it to create value enhancements (or equally destroy value!). So maybe something should be priced in for that too.

Downsides are potential shutdown due to COVID, but if that's an industry lockdown (which the South African Govt has said would now be an ultimate last resort) then for long term shareholders that is not so bad; PGM prices will sky rocket due to lack of supply.

Another downside could be a govt imposed windfall tax or chromium producers cutting back; or a sudden sharp reduction in PGM prices.

Whilst SLP is not without risk the upside seems overwhelmingly positive to be a medium term shareholder.

[kennyp52] 18/1/2021 09:43

Good luck Plat .. prefer Salt Lake Potash and GRL for my speculative holdings for the moment ... significant news on the horizon for both . SLP just looks so rock solid to me at the moment .. and pays a dividend ! I have seen a few comments ... are they running out of mine feed ? If so what time scale and surely they can secure more quite easily where they are based ?

[thelongandtheshortandthetall] 18/1/2021 09:19

It depends if you think there is going to be a new source of PGMs turn up and if they can get a mine and all associated infrastructure up and running within the next 6 months..
If not PGMs and and Rh should be ok.

[kennyp52] 18/1/2021 09:14

Hit 60% on this now .... but is there still plenty of upside ... that’s is the question .. heart over head at the moment

[cordwainer] 18/1/2021 08:34

@martin, nobody's wasting my time, I can easily do that all by myself. ah wait i misread that slightly

[plat hunter] 18/1/2021 08:26

CEY is bonkers cheap imo, that will turn.But pretty much all cash across the board atm, so thought I'd have a day trade over here for something to do.