Sylvania Platinum Share Discussion Threads

[martinfrench] 22/2/2021 12:16

doug,

quite a few easy patterns on slp and other shares like it, doesnt move north until they have the shares to satisfy it, then they are more than happy to give us a higher price, way it works

[thelongandtheshortandthetall] 22/2/2021 12:07

For what its worth. I can see a step change in the demand for industrial metals and semiconductors, such like.
Not just a temporary spike but an on going demand that is out pacing new supply.

Just consider the adoption of new tech hardware that is hitting the streets in every corner of the globe.

[dougmachin] 22/2/2021 11:51

You thinking the MMs are filling a large buy?
Ta, new to this one.

[stoodio] 22/2/2021 11:47

And you should ask yerself why :)

[stemis] 22/2/2021 11:06

Pretty easy to sell in volume at the moment

[martinfrench] 22/2/2021 10:56

pretty much as expected for me, slp just keep on rolling....would like a few more ideas for the future but its kind of as you were.....

should clear through 120 easily once MM have got the shares they need.....

[slopsjon2] 22/2/2021 09:35

Liberum: Target price 200p

[someuwin] 22/2/2021 09:35

Liberum...

"Sylvania have declared a one-off windfall dividend of c.5.2 cents per share, 27% above our estimate of 4.1 cents. We expect a final dividend at the full year results of 4 cents, giving a combined yield of 6.4% in 2021. Sitting with $67m of cash and generating $155m of FCF at spot prices (35% FCF yield), with no major capex commitments, dividends look set to rise materially going forward. Basket prices hit a new record high today of c. R65,000/oz, and whilst this would normally make some investor nervous, we believe that the fundamentals for rhodium are solid on a three year view (see here). Top pick in mining."

[whitefish] 22/2/2021 09:08

Not only USD67m of Cash but also USD67m of near cash, as Trade and other receivables (Contracted Assets) have a proven history of converting to cash given limited parties and they relate to PGMs.

Not many companies have above and just USD29m of Total Liabilities.

With Rhodium already trading at 10% to 15% above price used in Corporate Presentation and demand likely to remain strong, the prospects for future appreciation in share price remains excellent.

[hpcg] 22/2/2021 09:03

Mr Stephens - absolutely, the results we look at today are representative of a basket price that is well out of date.

Some useful data in the Amplats results presentation today:

There is no supply response to price; Amplats aims to increase production by 20% in 2030 through mechanisation.

[stemis] 22/2/2021 08:54

Little new in the H2 results apart from the 'special dividend' which is disappointing although ultimately has no impact on current valuation, which is very cheap. Even on the basis of H1 this is valued at 3.3 x ebitda but on prospective earnings more like 2.2 x

[russman] 22/2/2021 08:37

Cash pile doubled, basket price is still climbing.
3.75p windfall divi will not make a scratch in their cashflow.

[doobz] 22/2/2021 08:32

Great results :) still expecting a red day but should be good longer term

[thelongandtheshortandthetall] 22/2/2021 08:12

Rhodium is indeed $23650 on metals daily!

[stoodio] 22/2/2021 08:11

Absolutely cracking RNS.

[mr stephens] 22/2/2021 08:02

To make almost the same profit in the first half 2021 as SLP made in the entire year 2020 is outstanding. The basket price for q3 is up at least 30% to over $4000. Rhodium today is $23,650. Palladium is holding over $2,400 and platinum is bouncing around 1,300. Currently $1,277.That would give net profits of $100m fy 2021 up 127%

[carcosa] 22/2/2021 07:57

"If" PGM prices are maintained at around current levels for the next few months then a further special dividend can be reasonably expected next year. Except next year 'could' be a full years production so it would not be unreasonable to expect 4p or more.

Had the GBP/USD not been on a huge run of late then we could have had 4p+ this year...

[thelongandtheshortandthetall] 22/2/2021 07:32

So if the basket price is roughly maintained then h2 could be 50-60$m net profit so full year around 90$m
That sounds alright to me.

[jon4567] 22/2/2021 07:18

It's an OK dividend. But the rest of that report is a little underwhelming. I was really hoping for firm news on a major investment programme to expand/diversify operations

[platinumfinger] 20/2/2021 13:43

same story over at JLP. breakout north now

[kennyp52] 19/2/2021 18:18

Basket up significantly .. only need the production guidance and we are printing cash . Positive move up imho from here on the back of any good news .

[metis20] 19/2/2021 16:50

Since start of the year the SLP 4E basket price is up about 27%.

Basket value breakdown now approx 1/1.3/4.1 for Pd/Pt/Rh

Rh bid price up significantly again today.

[nimrod22] 19/2/2021 15:45

I maybe wrong, but I wouldn't be surprised if the windfall special dividend will apply to holders on the register from today or possibly some date in the past rather than some future date. The share price will drop by the amount of the dividend and maybe more as it has done in the past on the announcement of good news and an upwards rerate by the broke, i.e. all the good news is priced in already.
Then after a week or so the price will move up again along with the general rise in metal stocks.
Though it may just take off, who knows??

[nickwild] 19/2/2021 15:37

Board meeting Monday will decide divi

[davidosh] 19/2/2021 15:36

Just to let shareholders and prospective investors know that we will be featuring Sylvania Platinum in the #MelloMonday show on Monday evening In the MelloBASH (Buy, Avoid, Sell or Hold)panel session



Tickets are still available and if you would like one at half price then enter the code MMTADVFN50

It is a four hour show so here is the programme....

6.00 pm Mello News
6.05 pm Interview with Fund Manager Stephen English
6.35 pm Barry Gamble is on the Mello Soap Box
6.45 pm Hummingbird Resources Company presentation
7.15 pm Introduction from Primary Bid James Deal
7.25 pm Open Orphan plc Company presentation
7.55 pm Are you engaging enough on Twitter? Hear from our Twitterati panel @reb40, @grahamneary, @shiftingshares, @1James1n1
8.15 pm Image Scan Company presentation
8.45 pm Mello BASH including the Fund Manager Stephen English, Jack Brumby from Stockopedia, Bruce Packard and Kevin Taylor