Sylvania Platinum Share Discussion Threads

[jon4567] 16/2/2021 11:47

What do people think the metal price windfall dividend will be? Has to be at least 5 cents / 3.5p right? Possibly more?

[acv74] 16/2/2021 11:32

Pedantry excused

[farnesbarnes] 16/2/2021 10:52

That was the silver bulls getting in 14 years too early.

[zho] 16/2/2021 10:48

>>New ATH this morning>>

Excuse my pedantry, but it looks as if the share price hit 155p back in 2007 when the ticker was SLV:

[acv74] 16/2/2021 10:44

Seems to be touching a new higher high...could bode well for the next rung up the ladder

[bbluesky] 16/2/2021 10:28

Yes. That selling goes a long way to explain the madness of the share price. A while back someone mentioned that Liberum were suggesting a 4.1 divi. They were outmanoevered before of course, but seems to me to be a reasonable target. Cherry on the cake, as the share imo has a long, long way to run. Still at a discount to the sector for one.

[corrientes] 16/2/2021 09:59

If it wasn't for Africa Asia Capital Limited gradual reducing since they bought in, I think the share price would be a bit higher than it is, but I'm not complaining. Wish I was a bit more techie minded when I look at some of the share prices in that sector.

[farnesbarnes] 16/2/2021 09:58

Some decent selling there at 119, amazing really given strength of PGM basket, and the amount of cash being thrown off.

I ain't selling til 2 quid.

[interceptor2] 16/2/2021 09:52

New ATH this morning.

Noticed that the South African Infection and Death rate is falling quickly now, so the concern that South Africa would go back to a level 4 has receded as well.

[thelongandtheshortandthetall] 15/2/2021 10:57

Nice. SLP making moves in the right direction pre presentations :)

[mo123] 14/2/2021 12:30

There's also the reflationary trade to consider and the market hedge in commodities as a result.

[1ups1de] 13/2/2021 14:38

The fundamentals are certainly pointing to strong price momentum :- we know the interims will look excellent... and so is the rest of the year which now looks a slam dunk - in Qtr 3 recent PGM price momentum ,now supported by Platinum price surge ,should see the gross price basket 85% ahead of the similar qtr last year. -in Qtr 4 there is the production catch up vs yago . Probably an extra 8-10k Oz more production ozs with no Covid lockdown.- And the Zar recovery vs US $ ( + 5% in last month ) means the cash pile continues to grow.What a Hatrick of near term positives to look forward to.

[charlotte2020] 12/2/2021 22:39

Just be patient. Eventually the share price will catch up with fundamental. Keep the faith

[risa5] 12/2/2021 22:35

Stock investing: 2 of the best UK growth shares I’d buy in a Stocks and Shares ISA today

I’m looking for top UK shares to buy in 2021. Here are two I’d happily add to my Stocks and Shares ISA today.

#2: Metal mammoth
Share pickers seeking better value for money might want to check out Sylvania Platinum (LSE: SLP) instead. This UK stock — which digs for platinum group metals (or PGMs) in South Africa — trades on a forward P/E multiple of only 4 times. The mining ace boasts a 4.5% dividend yield too.

City analysts reckon annual earnings at Sylvania will soar 173% in the financial period to June 2021. A quick look at the platinum price in recent hours illustrates just why. The metal’s just spiked to six-year peaks above $1,200 per ounce on expectations that industrial demand is about to soar. PGMs are critical components in car exhaust systems where they clean up exhaust emissions. And growing environmental legislation means that more and more of the commodity is needed.

It’s possible that Sylvania Platinum shares could fall if the economic recovery stutters. A slow rebound would hurt industrial demand for the metal, in turn damaging the price the UK share can expect to get for its product. That said, I think the long-term outlook for the company remains pretty exciting.

[wilfieboy] 12/2/2021 19:41

The US$ continues to slide against ZAR. While this increases local production prices (incurred in ZAR, reported in US$), SLP will be receiving more US$ for its production (received in US$). This said, exchange rate controls require most of the US$ revenues to be converted back to ZAR, before it can be re-converted and paid to shareholders. FX is a nightmare in this company, but a strong ZAR vs US$ is generally a good thing.

[wilfieboy] 12/2/2021 19:04

Hi All, as mentioned above, the average basket price is higher than the company actually receives, but is nonetheless a good indicator. There seems to be a close correlation between JM average prices and the SLP published basket price ($4 difference according to my calculations for the quarter to 31/12/20).

Using JM prices, the increase in the basket price for the period 01/01/21 - 12/02/21, compared with the quarter ended 31/12/20 is a little over 15%.

[doobz] 12/2/2021 17:21

All three metals look like they may close very strong again going into the weekend, Monday could be the start of the next rally and new highs

[martinfrench] 12/2/2021 10:48

dont you just love this share

also now in ths

[farnesbarnes] 12/2/2021 09:19

Any leveraged plays...?

[davebowler] 12/2/2021 09:12

A pure play on Precious Metals including Platinum and Palladium is PHPM.

[mo123] 12/2/2021 09:00

Citi pretty bullish on palladium.

The 27% surge that Citi expects in palladium is set against a bullish global backdrop, and would require an increase in automotive purchases as mobility returns to normal following the Covid-19 pandemic.

Citi’s projection of a two-year deficit in the metal is fairly conservative, and assumes substitution rates of 5% to 10% from palladium to platinum in catalytic converters.

This year the strategists expect the palladium market to have a deficit of over 400,000 ounces, even after assuming platinum substitutions of 375,000 ounces.

They forecast that the price will enter the $2,800 to $3,000 band by the third quarter of 2021.

[freddie ferret] 11/2/2021 19:28

Pt is both an investment metal as well as a industrial metal.

Pt used to be at a substancial premium as compared to gold in $ terms.

In recent times it has been at a discount to gold. Possibly that is reversing?

[farnesbarnes] 11/2/2021 14:37

Fluctuations