Sylvania Platinum Share Discussion Threads

[happywanderer] 04/3/2021 15:41

I think as THS is quoted on JSE withholding tax is payable.
SLP alternative quote is on ASX and as far as i am aware is not quoted on JSE.
Please treat this as steer and not a definitive answer. DYOR

[basem1] 04/3/2021 14:07

Just a question I have posed myself I have not paid any dividend tax before on SLP dividends and have received the full amount. However THS dividends are subject to 20% withholding tax Can anyone explain why as they are both SA domiciled ? TIA

[metis20] 04/3/2021 14:01

Since start of the year the SLP 4E basket price is up about 45%.
Basket value breakdown now approx 1/1.2/5.2 for Pd/Pt/Rh
Rh bid price is up about 7% today (Baird).

[scooper72] 04/3/2021 13:25

Good sign when a stock goes up on an ex div day

[mr stephens] 04/3/2021 07:44

Brace for the share price drop. Ex dividend date today

[mr stephens] 04/3/2021 07:01

Rhodium $29,200. SLP gross basket now $5150.

[twirl] 03/3/2021 16:25

thanks max - I bought a few o/s ISA when Spreadex/IG stopped taking bets. ISA is already loaded up with SLP.

[nk104] 03/3/2021 15:57

I'm another who has sold the shares in my trading account in advance of Thursday to avoid the dividend (to make sure I'm under the £2,000 dividend threshold). It's a pity when people are spending time adjusting their holdings for tax reasons rather than investment reasons.

Most of the holding is in the Isa though and I'm not selling that!

[freddie ferret] 03/3/2021 15:50

maxplus2

Precisely, that is the spanner in the works.

[maxplus2] 03/3/2021 15:45

Divi is tax free if shares are in ISA

[maxplus2] 03/3/2021 15:43

What use is Rh for 100% Electric vehicles?

[freddie ferret] 03/3/2021 15:35

Right, Rh up another $500 around the open in the US.

It has thus gone up around $5000 from where it was when SLP spiked up around the 18th of Jan.

The importance of Rh in catalytic converters is that Rh is the only metal that breaks down the oxides of nitrogen NOx back into nitrogen and oxygen. Increasing controls are coming in in China and other far eastern countries on emmissions of NOx's, some new ones becoming active next year.

Pt and Pd are active in cleaning up other emmissions CO and organics but not the NOx's.

World demand for Rh is outstripping supply.
Only small quantities of Rh are required in each catalytic converter so the price of Rh will have to rise vastly higher than currently to price petrol and diesel cars out of the market ie for them to be more expensive than electric cars.

The only spanner in the works would be very substancial reductions in battery prices and increased battery efficiency. At the moment lithium ion batteries are very expensive and very heavy for decent range and performance ie the battery weighs more than the weight of the humans being transported.

PS There is quite a lot of slightly misleading information being posted up on this thread atm sort of a soft two faced deramp.

[twirl] 03/3/2021 15:11

thanks Dr n nick

[nickwild] 03/3/2021 13:56

Payment of the dividend will be made to shareholders on the register at the close of business on 5 March 2021

you mean 3rd March ex dividend 4th March - Friday not relevant

[drradcliffe] 03/3/2021 13:55

@twirl. If you sell on Friday, you'll get the dividend. Take a look at this motley fool article.

hxxps://www.fool.com/investing/dividends-income/2015/01/14/what-ex-dividend-means-and-why-it-matters.aspx

[twirl] 03/3/2021 13:40

"Payment of the dividend will be made to shareholders on the register at the close of business on 5 March 2021 and the ex-dividend date is 4 March 2021."

So presumably the share price will be reduced by 3.75p on Monday at open - all things being equal?

I don't want the divi - for tax reasons - so it would seem I can sell any time Friday and buy back Monday? Not sure of the relevance of 4th March as it would appear that to all intents and purposes 5th March is the date that matters.

Would welcome any alternative view.

[stemis] 03/3/2021 10:12

This is a mixed basket play.

[jaf111] 03/3/2021 08:18

xd tomorrow

[sailing john] 03/3/2021 08:10

Plat - It's currently Rhodium but agree longer term Platinum, Palladium or Rhodium might be largest Rev earner - perhaps an equal mix?
As I understand it Palladium and Rhodium are mostly used in auto catalysts whereas Platinum is about one third auto, one third other industrial and one third jewelry and investment. I'm not sure how the potential growth in fuel cells will alter this but it will take a 5+ years for meaningful adoption of such a new technology with auto batteries now established.

[euromedic] 03/3/2021 08:08

Is this ex div yet

[stoodio] 03/3/2021 08:04

Absolutely right Plat

[plat hunter] 03/3/2021 07:59

Those who think this is a Rhodium play need to get out their calculators and learn about weighting leverage.This is a 100% Platinum play, look at the basket weighting. Rh will come off, it's always the first metal to rise in a cycle and the first to fall. You need to look at what happens with Rh at just 2k an ounce with platinum also at 2k an ounce.I think you'll find you'd be even better off.

[sailing john] 03/3/2021 00:08

Freddie agree THS up and down over last 5 years as was dependent mainly on Chrome price - now balanced with PGM rev/prices

btw you missed THS 2020 eps 12p divi 2.6p - (Tharisa share price 131 currently similar to SLP)

Edit - Stemis - spot on - annoying that they thought it was a Platinum play! No research at all!