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Share Name Share Symbol Market Type Share ISIN Share Description
Sylvania Platinum Limited LSE:SLP London Ordinary Share BMG864081044 CMN SHS USD0.01 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.00 1.48% 137.00 138.00 141.00 140.50 134.50 134.50 717,051 16:35:22
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 92.1 45.2 0.0 - 387

Sylvania Platinum Share Discussion Threads

Showing 6851 to 6873 of 7950 messages
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DateSubjectAuthorDiscuss
18/1/2021
12:54
That'll do me for today, a nice round 5% for a mornings risk.
plat hunter
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.
mo123
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
allonblack
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
martinfrench
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
kennyp52
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.
cordwainer
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.
carcosa
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 ?
kennyp52
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.
thelongandtheshortandthetall
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
kennyp52
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
cordwainer
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.
plat hunter
18/1/2021
08:23
Ah, plats back Wasting your time over on the cey board mate
martinfrench
18/1/2021
08:16
Yup, stepping out this now it seems
plat hunter
18/1/2021
08:13
Nice strong start to the day
epicsurf
17/1/2021
14:10
hTTps://www.dailymaverick.co.za/article/2021-01-14-raging-rhodium-platinum-group-metal-rockets-to-record-highs-of-more-than-20000-an-ounce/ A pretty good piece IMO. Straight to the point.
thelongandtheshortandthetall
17/1/2021
13:53
hxxps://uk.investing.com/analysis/platinum-prices-still-rocking-now-with-more-hydrogen-in-the-tank-200452276
nimrod22
15/1/2021
21:37
Sorry metis I don’t understand your numbers. They’re lower than the broker report and the recent update by investors chronicle. SLP produce 62% platinum at $1088 = $675 25% palladium at $2400 = $600 and 13% rhodium at $21,300 = $2769. They always quote Total gross basket which at present for q3 is $4044. Deduct Smelting costs which they never quote but I’d approx 25% and you come to $3033. So really don’t get where you are working your numbers from Please share
mr stephens
15/1/2021
19:53
Yes - even though Pt and Pd prices are down today, the increase in Rh price has moved the SLP 4E basket value up again - to approx US$3380/oz. The relative values Pd/Pt/Rh in the SLP basket has now moved to approx 1/1.1/3.5 (Using Baird bid prices and last stated SLP prill split)
metis20
15/1/2021
18:00
The beauty of slp is that it keeps going up and is always cheap regardless We can thank our friend rh for that
martinfrench
15/1/2021
15:15
Not strange really, look at cable today. $ could strengthen further in 2nd half as bond yields start to rise on inflation expectations.
mo123
15/1/2021
15:14
Max platinum may be 62% of production but it is only 17% of the cash abd that doesn’t vary much when platinum has dropped 2%. Also tipped online by stockopedia and Wall Street and online and in print by investors chronicle.
mr stephens
15/1/2021
15:07
more likely rhodium max, plat doesnt move the dial, rhodium does
martinfrench
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