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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
  -1.00 -0.83% 119.00 117.00 120.00 119.50 118.00 119.50 705,477 16:35:25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 92.1 45.2 0.0 - 336

Sylvania Platinum Share Discussion Threads

Showing 7101 to 7125 of 7700 messages
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DateSubjectAuthorDiscuss
04/2/2021
22:42
Kenmitch In that case why buy any big dividend paying share? As a holder I'd like SLP to pay a special dividend (bigger than it probably will). Firstly because it'll be like a top slice without me having to sell shares and secondly because eventually the cash becomes a drag on share price performance and thirdly in case it decides to do something stupid with all the cash. However I didn't buy it for the special dividend. Buying shares which regularly pays it's profits out as dividends is a different matter. Not really the place for such a discussion though.
stemis
04/2/2021
22:27
Share prices are based on assets, the income stream and expectations of changes in the income stream.
freddie ferret
04/2/2021
22:26
Inspite of the price moving sideways atm this remains a very liquid share. Rhodium price can be got here, bit lower than some other providers. www.kitco.com Beware of cookies and vast caches. Including an intraday chart. http://www.kitco.com/charts/interactive-charts/?Symbol=RHODIUM PS. Rhodium is getting back to its all time high after the technical correction.
freddie ferret
04/2/2021
22:17
SteMiS In that case why buy any big dividend paying share? With special dividends and ordinary dividends that mark down on ex dividend day often sees new buyers taking advantage of the lower share price, giving those buyers bigger future dividends. I much prefer special dividends to share buybacks because investors actually get that money whereas with buybacks if, as often happens, the share price subsequently goes down investors get nothing at all and lose money on the share price fall.
kenmitch
04/2/2021
22:13
SA needs to pay divis to Bermuda in order for SLP to make divi distributions. SLP information suggests a WHT rate of 6 or 8% (which is not likely to be recoverable). A standard rate of 20% applies to divis from SA companies to non-resident companies. This can be reduced via Double Tax Treaties (DTTs), but SA does not have a DTT with Bermuda (SLP Head Office). I will do a bit of digging on this but, if anyone has the answer to hand, please share.
wilfieboy
04/2/2021
21:41
This company is high risk for many reasons: Commodity prices (Rhodium, in particular) FX COVID National/Geo-politics Reliance on host mines/long term strategy Power/water interruptions Notwithstanding these substantial risks, I think the company has a very bright future in the short/medium term future due to: High commodity prices, for which it is anticipated that there will continued and increasing demand Continuing US fiscal relaxation which could have positive FX effects COVID - hopefully, worst over and situation to improve (no production interruptions) SA authorities keen to maintain production and collect taxes; China continuing to import larger and larger quantities of PGMs Chrome price starting to rise, so host mines restarting/ramping up production BoD is very conservative - don't expect huge divis in the short-term, but these will hopefully come in due course Power/water still a problem, but company is taking steps to address, eg. generators, borehole drilling, etc. As, potentially, a longer term investor, I would like to understand what the BoD's strategy is for the future, once the current host mines have run out (max 10 years). The current proposals seem patchy, at best. Let's wait to see the Interims in February and the Outlook provided then. All going well, it should look pretty rosy.
wilfieboy
04/2/2021
20:48
Yep, basket price continues to rise, even though palladium is down and platinum is going sideways. Per JM prices, basket price for January 2021 was approx $3,760, today $3,950 - all down to rhodium.
wilfieboy
04/2/2021
20:40
Looks like we are approaching $4000/oz basket
forthelongterm
04/2/2021
18:50
Rhodium price has moved up again today.
metis20
04/2/2021
13:44
I don't know why anyone would buy for a special dividend bearing in mind that the share price will probably fall by the amount of the dividend.
stemis
04/2/2021
12:41
Yes the share price did react badly last time On the dividend announcement but it was only temporary . In fact it was a ideal opportunity to top up which I took ,nothing wrong with the fundamentals just short term disappointed, if it happens again will take advantage
epicsurf
04/2/2021
10:34
CB7 absolutely.
farnesbarnes
04/2/2021
10:28
How many people bought late 80's and 90's for the dividend, attracted by the huge cash pile. If the BOD don't call it right they'll all be off in a race out the door. Same thing happened here last year.
plat hunter
03/2/2021
10:02
There's divis and there's divis. Rather than a large one off special, I think a commitment to a meaningful and sustainable divi going forward would have a bigger impact overall on the shareprice.
cb7
03/2/2021
09:17
5. Hang onto it as a comfort blanket "in case of emergencies". Unfortunately I think this will be the fate of the majority of it - though I agree, 4 would be my preferred option.
fredfishcake
03/2/2021
09:04
Slp has a significant cash pile. This will only grow with Feb interims given 20/21 quarterly results. 4 actions a company can do with cash :1. Pay down debt . None2.Use to grow company. Little need for more than modest maintenance / expansionary capital. Around $5-7m plenty 3. Implement share buybacks. Very successfully employed in 2020 . However significant share price jump makes this more tricky. 4. Reward the shareholders ( ie owners) with the excess cash. The right move now. Especially as owners currency is £ sterling & cash primarily held in Zar is inherently risky. ...A bird in the hand & all that.Do the right thing SLP board.
1ups1de
02/2/2021
14:10
SLP & THS mentioned: https://twitter.com/MylesMcNulty/status/1356569253558816769
mfhmfh
02/2/2021
13:53
If it is based on Liberum forecast they were massively wrong last year , a lot of investors bought in on the the strength of this and were disappointed when then only annouced a 1.6p dividend payment but if they stayed would have been well rewarded with the share price appreciation so would treat it with caution, The board have mention paying a sustainable dividend in the past and have tended to be Conservative in payouts ,At some point they will Have to put the growing cash pile to use, Nicer problem to have
epicsurf
02/2/2021
10:52
That would be nice, but I don't see it happening. If TMF meant they guessed there might be a 10.2% yield they should have specified that. The way they put it implies the dividends have been announced. There ought to be a law.
zangdook
02/2/2021
10:38
Stockopedia suggests 14.6p p/s for 2021 and 18.5p for 2022. So in that order of magnitude. Doesn't say whether this is specials or not, but would imagine it does.
kevph
02/2/2021
08:08
I've just been catching up...there was a Motley Fool article posted recently which said SLP "carries a 10.2% dividend yield for 2021". Have I missed something, or was this yet another case of an idiot hack making things up instead of doing research?
zangdook
02/2/2021
02:11
I am always struggling to workout the best quoted price to use in my calculations with respect to Rhodium and I must confess I had not appreciated "there is no bid or offer".. price for Rhodium. Mr Stephens, I do not have any grounds to dispute this but if you are right could you explain why Kitco quote a "bid and ask" price?
whitefish
02/2/2021
00:04
I'm a holder from 38p, 60p, and recent top up at 100p, so plan to hold for a while. I was a bit underwhelmed with the results, perhaps because I was expecting higher net profit and cash balance figures. They are great results but I mistakenly expected higher profit and cash. I'm not an accountant, but having gone through the report on the website, and reviewing this section: "$5.9 million was paid out in dividends" and "provisional South African income tax for the six months to 31 December 2020 of $15.1 million was paid." took care of $21 million in profit? Then the "impact of exchange rate fluctuations on cash held at the quarter end was an increase of $7.1 million due to the strengthening of the ZAR against the USD. The Group is obliged to hold a large portion of its cash in ZAR and will convert this to USD as and when the opportunity arises.". So the $7 million increase in cash balance was actually driven by ZAR vs USD variations. Is it fair to assume then, that with similar basket prices and production for the next Quarter, there would not be tax to pay, just the PM price special dividend, and ex rate variations, and the rest to cash balance. Does seem ample room to pay the special dividend and maintain v healthy cash, but I would agree the BOD will be conservative and can't see more than 5p, and 4ish more likely. That's still a very nice pay out, but could see a short term dip in share price as some short term holders cash in? I haven't traded SLP so plan to hold long anyway. Just sharing to get any correction to my interpretation above or constructive comment. BTW - I like this board, top quality posters and contributions. V little of the nonsense you have to endure on other boards - so thanks to regular posters.
greggphilips88
01/2/2021
20:01
Mr S. 6.4p to be exact :) ATB
stoodio
01/2/2021
19:34
hxxps://www.metalsdaily.com/live-prices/pgms/ hxxps://www.heraeus.com/media/media/hpm/doc_hpm/precious_metal_update/en_6/Appraisal_20210201.pdf?msdynttrid=yB8nMOM_n1QntIUzFj6sLpnzZ2hQ1G30gHBSnbSbLAk
stemis
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