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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
  -0.20 -0.17% 119.00 118.00 120.00 119.50 118.50 118.50 871,259 16:27:07
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 7326 to 7349 of 7700 messages
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DateSubjectAuthorDiscuss
25/2/2021
16:03
raised and being held at a certain level, approx 123.4, and since it was raised to that level, i would say order filling but could be wrong
martinfrench
25/2/2021
14:50
Kitco are showing a recent jump of $500 on their one day chart.
freddie ferret
25/2/2021
14:41
isn't this breakout territory
red5
25/2/2021
14:41
Rhodium hitting new highs $26300
epicsurf
25/2/2021
12:59
It is special, standard is paid early Dec.
risa5
25/2/2021
12:15
Is this also special dividend plus standard dividend?
maxplus2
25/2/2021
11:34
Ex-div 4th March paid on 9th April
shezza1
25/2/2021
11:30
Is there a cut off date who is eligible for dividend?
maxplus2
25/2/2021
10:57
i originally bought in at 79p and been buying on the way up. looks like 140p is achieveable soon and should be helped with the positive IC article this week
investing2retire
25/2/2021
10:56
Wouldn't say it's getting silly simple supply and demand driving price however I do agree long may it continue.
primarch1
25/2/2021
10:04
RH getting silly now - Long may it continue :)
thelongandtheshortandthetall
25/2/2021
07:01
Rhodium punches above $25000 dollars bodes well
epicsurf
24/2/2021
21:42
There is are reasons why breakouts happen, and it is for the reasons consolidations happen. It's the emotional baggage of all those that are scared to commit combined with holders managing a big mover in their portfolio. Such emotion is apparent on this message board. Same thing on hundreds of charts and hundreds of message boards.
hpcg
24/2/2021
21:08
Possibly a big player is trying to hold the share price down. The only possibility I can think of is a potential bidder. The company is cheap, would a car manufacturer be interested in buying us out? It would mean he would have a secure source of Rh out into the future.
freddie ferret
24/2/2021
20:48
Simon Thompson articles usually have a positive effect on the the share price so hopefully we will see a rise tomorrow
epicsurf
24/2/2021
20:47
Cash receipts for Jan-Jun 21 will relate primarily to production/sales during Sep 20 to Feb 21, during which time the rhodium price has doubled from $12,200 to $24,500.
wilfieboy
24/2/2021
20:41
Sylvania's eye-catching profit surge points to further gains Rhodium price has trebled since July. Rhodium market in deficit. Windfall dividend of 3.75p a share. I made a pretty compelling case a month ago that analyst earnings estimates were out of sync with the buoyant operational performance of Sylvania Platinum (SLP:112p), a cash-rich, fast-growing, low-cost South African producer and developer of platinum, palladium and rhodium (‘Three high growth small-cap plays’, 19 January 2021). The share price has rallied 24 per cent since then. At the time, house broker Liberum was pencilling in a net profit of US$71m for the 12 months to 30 June 2021, but my financial models suggested Sylvania was on course to make a net profit closer to US$93m and could potentially double its net cash to US$105m (£75m). Liberum has subsequently upgraded its net profit estimate to US$103m (£73.5m), the primary reason being the trebling in the rhodium price to US$21,000 per ounce in the past six months. Based on full-year production target of 70,000 ounces, rhodium accounts for 12.5 per cent of Sylvania’s platinum group metal (PGM) prill split and 63 per cent of annual revenue. Stricter emissions standards for passenger cars in China, new EU legislation limiting nitrogen oxide emissions in on-the-road driving tests from September 2022, and rebounding China car sales are the main drivers behind the booming rhodium price. Bearing this in mind, autocatalysts now account for almost 90 per cent of global rhodium demand, so there is limited scope for value destruction (due to the higher commodity price) to free up supply from other market segments (chemical, glass and electrical). A lack of new mines means that global supply is incredibly tight, so much so that the rhodium market is likely to be in a 60,000 oz deficit this year, or 5 per cent of estimated market demand (source: Johnson Matthey). This is further accentuating the price move. First half results this week highlight these factors. Buoyed by 74 per cent increase in its average basket price to US$3,184 per ounce, Sylvania’s first half post-tax profit of US$40m was up 69 per cent higher year-on-year on 44 per cent higher revenue of US$85m. Net cash doubled to US$67m and is set to hit US$83m (£60m) by 30 June 2021 after factoring in the payment of April’s US$10.7m (3.75p a share) windfall dividend. On this basis, the £320m market capitalisation company is rated on a miserly price/earnings (PE) ratio of 4.4. Strip out forecast net cash and the cash-adjusted PE ratio is only 3.5. If that’s not a compelling enough valuation, Liberum expects net cash to swell to US$188m (£134m) by 30 June 2022 after factoring in net profits of US$117m (£83m) in the 2021/22 financial year, implying the cash-adjusted PE ratio drops to 2.2. The shares have produced a 677 per cent total return including dividends since I suggested buying, at 14.5p, in my 2018 Bargain Shares portfolio, and the re-rating is far from over. In fact, I am raising my target price from 145p to 180p to value Sylvania on a 2022 cash-adjusted PE ratio of 4.5. Strong buy. https://www.investorschronicle.co.uk/ideas/2021/02/24/running-bull-market-winners/
risa5
24/2/2021
20:37
Cash and trade receivables increased from $67.8m at 30/06/20 to $134.2m at 31/12/20. Given the four month time delay between provisional invoicing and final settlement, and the increasing basket price since 01/01/21 to date, then cash/trade receivables might be expected to increase substantially by FY21 year end.
wilfieboy
24/2/2021
20:29
Hi All, What am I missing? The more I look at the SLP numbers, the more I like them, but the shares don't seem to want to go above £1.20. Market price of the company is £312m ($440m). Unless there is a drastic fall in the price of PGMs (arguably, unlikely), then SLP is likely to make FY21 profits of around $100m, with a year end balance of cash/receivables approaching $200m. Besides all the usual risks - COVID, water, electricity, FX, governmental, etc., what is holding up a total re-rating of the shares? Maybe, Simon T will shed some light on this in this week's IC. Sorry, just seen @epicsurf's comments above - thank you. I think SLP can do better than the Liberum forecasts - I don't think this year's full year profit numbers will be far below what Liberum is forecasting for FY22 and cash balances should be very good at FY21 year end (crossed fingers!).
wilfieboy
24/2/2021
19:33
Simon Thompson has raised his price target to £1.80 from £1.45
epicsurf
24/2/2021
19:30
Yup Pd is up a lot atm.
freddie ferret
24/2/2021
18:58
Basket price at a fantastic level ... coming financials are going to be very good . 120p nailed on .. 150p in the long run at these prices .
kennyp52
24/2/2021
18:55
hpcg. Thanks. Nor do I, but I do wonder. Two new uses for Platinium that I have recently read about. One sounds old but is not and that is as an electrode material in the production of hydrogen. The second is combined with gold on a nano particulate scale as a catalyst in the production of hydrogen peroxide from hydrogen and oxygen gas in near 100% yield. This is not as simple as it sounds since firstly the decomposition of hydrogen peroxide is catalysed by platinum. Secondly Platinum and Gold cannot be alloyed so the mixing has to be done by the simultaneous reduction of gold and platinium oxides.
freddie ferret
24/2/2021
18:46
Rated a Strong Buy again by Simon Thomson in a note he’s put out today.
alan@bj
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