Sylvania Platinum Share Discussion Threads

[plat hunter] 19/1/2021 09:54

My middle name is dangerous, kenny. I have 13 quality picks, which i trade around.HUM's the next quality 10 bagger and JLP doesn't even make the cut.I'm doing very very well lately.

[petewy] 19/1/2021 09:48

I was going to top-slice at 90, give it a few more days hmmmm

[martinfrench] 19/1/2021 09:15

ths and jlp have stalled, this is the catch up and since we are better than both, about time

[martinfrench] 19/1/2021 09:13

and they get an easy out with the condition being above long term broker estimates, which in my view is completely unnecessary, surely its over and above a cost threshold that matters.

unless they have some really radical way of expansion and use of money, which they dont

having said that, still love this share

[fredfishcake] 19/1/2021 09:07

Just as a reminder, from the annual financial report in Sep 21:

"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."

2nd quarter trading statement last year was on 31Jan. Language is a bit more vague than I remember (considering, should etc).

[wimbled] 19/1/2021 08:54

Thanks metis. Also hold THS with explosure to Rh is 5%.

[danieldanrichardson] 19/1/2021 08:46

Plathunter's 5% profit from yesterday is looking somewhat pathetic now. Well done to all those who recognised the potential and bought and held. You deserve this.

[stoodio] 19/1/2021 08:44

It's bootiful bernard.

[martinfrench] 19/1/2021 08:36

this is getting a bit silly now :-)

[1ups1de] 19/1/2021 08:14

Just rewardsClearly more investors cottoning on to the strong profit ( & cash ) momentum of SLP. What we can look forward to ?- confirmation that first 6 months Ebitda of this year will surpass all of last year. -a bumper 3rd quarter even on modest production given the massive basket price rise especially rhodium - 4th quarter post Covid production recovery with further acceleration of basket pricing given Platinum price recovery. - growing cash pile ( mostly held in zar ) boosted by a 15%+ positive currency swing vs US $ last year- positive outlook for basket pricing given China's GDP growth & need for PGMs in new wave technology. The party's nowhere near over yet.

[metis20] 19/1/2021 07:26

Wimbled - yes by revenue.

Last stated prill split (FY2020) had Rh at 12.5% - that is presumably by mass. Rh was 46.3% by revenue.

Rh bid price has of course increased substantially relative to Pt and Pd since the FY2020 numbers.

See slide 21 via

[chrisatom] 18/1/2021 21:30

I thought I did well getting in at 17p!

[wimbled] 18/1/2021 20:23

metis are you suggesting SLV PM basket is 64% geared to Rh?

[stoodio] 18/1/2021 19:56

+1,650% :)

[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