Sylvania Platinum Share Discussion Threads

[thelongandtheshortandthetall] 29/1/2021 08:23

Windfall Dividend to be discussed in Feb.

[brucie5] 29/1/2021 08:22

"Financially the Company continued to benefit from the stronger PGM basket price in recent months and a decision will be taken on the windfall dividend at the review of the interim accounts at the forthcoming Board meeting in February 2021."
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And this is why it remains such a great share to hold in an income folio.

[markmja1] 29/1/2021 08:18

https://markets.ft.com/data/announce/detail?dockey=1323-14844899-2FKN97EIMN0TRBJ8N1ENH9M28J

[eeza] 29/1/2021 08:18

Sell on news brigade will soon be out.

[primarch1] 29/1/2021 07:32

Pretty much doubled last years half year results not bad for all the disruptions caused by Covid.cash pile at year end at current rate will probably exceed 80 million

[zho] 29/1/2021 07:31

Sylvania (AIM: SLP) is pleased to announce the results for the quarter ended 31 December 2020 ("Q2" or the "quarter"). Unless otherwise stated, the consolidated financial information contained in this report is presented in United States Dollars ("USD").

Achievements
· Sylvania Dump Operations ("SDO") declared 18,363 4E PGM ounces in Q2 (Q1: 17,972 ounces);
· SDO recorded $43.7 million net revenue for the quarter (Q1: $41.5 million);
· EBITDA of $29.1 million (Q1: $28.8 million);
· Net profit of $20.3 million (Q1: $20.1 million);
· Cash balance of $67.1 million (Q1: $60.9 million) after payment of dividends, royalties and income tax.

[otemple3] 28/1/2021 23:50

Without doing a detailed overlay, the price just seems to be tracking rhodium with its peak about 10 days ago so I wouldn't read much into itResults will be excellent but the BoD are a cautious bunch (good) and history shows the share price may be surprisingly volatile for a day or two!

[kennyp52] 28/1/2021 20:12

Cannot see the results being anything but good but the dip in share price over the last week was making me a touch nervous . Good to see it back to over 105p after going sub 100. If shareholders want profit and cash they don’t need to look beyond SLP . Good luck all.

[doubleorquits] 28/1/2021 20:01

FWIW:
Another angle is they are quarterly results and this quarter ends in January. Previous results have all been in the appropriate quarters so why not tomorrow?

[koolio] 28/1/2021 17:41

No reason that they wouldn’t do Monday, typically with the old CEO the results would come out on a Tuesday. I don’t know why but always suspected it was so the press and chronic investor had chance to write them up for Fridays press.

[haywards26] 28/1/2021 12:28

I have an order placed for 101.5 but not filling currently..I missed the dip earlier this morning.

[juuunx2] 28/1/2021 12:22

I think they wanted to take out stops just under quid

[cordwainer] 28/1/2021 10:42

looking at header, didnt realise LSE traded from 0300 hrs ..? except in US EST for example.

[farnesbarnes] 28/1/2021 10:29

Or the tide going out?

[doobz] 28/1/2021 10:28

Definitely looking more like a bit of a tree shake now

[thelongandtheshortandthetall] 28/1/2021 10:26

looking forward to results.
Koolio. Why not Monday?
Cheers

[koolio] 28/1/2021 09:26

SLP wouldn’t publish good results on a Friday. I would expect the results out on Tuesday myself

[corrientes] 28/1/2021 09:20

? not what I would have expected, or MM's wanting cheap stock ?

[juuunx2] 28/1/2021 09:12

Thanks for the info

[richardhewson] 28/1/2021 09:09

31st of January last year. So, looks very likely tomorrow being the last working day of the month.

[juuunx2] 28/1/2021 08:37

Anyone know when results expected please

[risa5] 27/1/2021 22:48

Actually most of them do refer to Rhodium if you had researched...

Besides Fool's exposure is good promotion for SLP.

Sylvania Platinum’s half-year results are due at the end of the month and are widely expected to be strong. That’s because the price of rhodium has tripled since July. Demand is high for the metal due to its use in catalytic converters, which are vital for reducing vehicle emissions. Supply issues could be a problem in the future, as the world’s economic problems have discouraged the building of new mines. This gives an advantage to Sylvania.
...

SLP also produce rhodium. Prices of the metal are soaring as demand outstrips supply. It’s one of those commodities that is difficult to find and hard to mine economically. And it’s critical for reducing poisonous nitrogen oxide emissions by its use in catalytic converters.