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SLP Sylvania Platinum Limited

58.00
-1.00 (-1.69%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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 -1.69% 58.00 57.00 59.00 58.00 58.00 58.00 778,574 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 127.04M 45.35M 0.1720 3.37 152.89M
Sylvania Platinum Limited is listed in the Miscellaneous Metal Ores sector of the London Stock Exchange with ticker SLP. The last closing price for Sylvania Platinum was 59p. Over the last year, Sylvania Platinum shares have traded in a share price range of 47.50p to 97.50p.

Sylvania Platinum currently has 263,610,514 shares in issue. The market capitalisation of Sylvania Platinum is £152.89 million. Sylvania Platinum has a price to earnings ratio (PE ratio) of 3.37.

Sylvania Platinum Share Discussion Threads

Showing 7651 to 7674 of 11275 messages
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DateSubjectAuthorDiscuss
02/4/2021
17:30
Maybe

Personally I am a battery and super capacitor man. There is a long way to go on the development of these, we now have iron flow batteries instead of vanadium.

freddie ferret
02/4/2021
17:23
Ammonia is not without its drawbacks. It was used widely as a refrigerant gas in cargo ships (up until the late 40's, and continued on in trawlers. It was dropped in favour of CO2 then later the Freon gases.
"The upper and lower explosive limits for pure ammonia in air, are 27% and 16% by volume, respectively. With oil contamination, the latter may reduce to 4%. Long-term exposure to ammonia should be restricted to the current threshold limit value (TLV).
Exposure to higher concentrations of 1500 ppm will result in damage to body tissue and death may result at 2500 ppm. However, ammonia leaks are instantly detected at less than 10 ppm concentration by the pungent odour and this is a safety feature. Very few people can endure ammonia when its concentration exceeds the TLV. In the liquid form, ammonia causes chemical and frost burns. Corrosion of brass, bronze and similar alloys , occurs in ammonia systems if there is any water present. These materials are being avoided with steels being used instead." As a source of Hydrogen it is right up there and it appears this is the way things will move.
On a side note, as an apprentice I was shown around a Victorian cold storage unit In the London East end that used air as a refrigerant gas. Later as a sea going engineer I was lucky (though thought unlucky at the time) to work with steam driven reciprocating CO2 refrigeration compressors. So I guess every gas has its day and Ammonia is on its way back in bigtime.

nimrod22
02/4/2021
16:00
There is some hidden value here in the Iridium and Ruthenium by-products. From what I can tell from the 2020 annual report revenue vs metal prices the by-products must be entirely Ru and almost no Ir, which is a shame, but the former is up from a mid-term $250-275/oz to $400/oz while the latter has gone from a long run $1000/oz to $6000/oz. To an extent it is noise, certainly nothing close to the Rh price significance, but at 20-25% of the 6E production it pays a few bills and shouldn't be ignored. Ir seems to have a strong demand profile spread over multiple growing industries so it is a shame it doesn't seem to be much in the mix.

Now potentially demand for Ru might sky rocket:
Ammonia is produced by combining hydrogen and nitrogen in a reactor which typically uses an iron-based catalyst, but research is underway to use cobalt or ruthenium catalysts, which would allow the ammonia synthesis process to increase flexibility, Beach said. ( )
The chart for Ru is interesting anyway.

Edit - Ammonia is the preferred choice for non-fossil shipping. There is a hiatus in ship building as IMO may come out and mandate it, but plenty of new builds ammonia ready.

hpcg
01/4/2021
20:09
A lot of the mining explorers, they're bs merchants, they talk up their own sp, it is always jam tomorrow with them, the same also goes for some pharma and biotech companies.

SLP does not do bs, when it happens they will tell us. So far the evidence from YOY earnings growth is that this is a very well run company without the bs.

freddie ferret
01/4/2021
20:01
Rh up $800 today.

Pd also up a bit and Pt. Pt I do not worry much about.

freddie ferret
01/4/2021
10:13
Surely Corrientes you cannot think the share price is going to stay around these levels? Based on Simon Thompson's (IC) articles in February and March he was looking at an share price target of £1.80 on a 2022 cash adjusted PE of just 4.5. SLP are in the right place at the right time.
tonytyke2
01/4/2021
08:07
Exactly, and that's why, IMO, SLP will always have a much lower than hoped for share price, but distribute bumper dividends when times are good, or at least they should do.
corrientes
01/4/2021
07:56
Good analysis imo. Another reason may be that AAC don't see future growth in SLP. It's done fantastically and has a pile of cash, but little news about where it will deploy it going fwd.
2vdm
01/4/2021
06:35
It may be Freddie that AA Capital have end of March year end and just want to show realised profits/cash in their books.
In the face of this we know there will be good news at the end of April and if I was AA Capital I would prefer to sell into that strength than trash the share price early in their new year.
Also there will be a few ramps from ST of IC.

twirl
31/3/2021
23:55
It is financial year end and that distorts, however now yesterdays, trades are interesting.
freddie ferret
31/3/2021
23:46
Thanks for that analysis. Always appreciate getting a fuller picture of the different realities surrounding the company and it's share price.
scooper72
31/3/2021
22:17
After stabilising for a few days we had a $1000 rise in Rh today. If we are on the next Rh up leg then I will be happy. fwiiw if we are on the upleg then this bottomed $3000 higher than the previous bottom.
So it seems as well as rising highs we also probably have rising lows as well (one day rise does not establish a trend).

I have been looking at the Africa Asia Capital situation. As far as I can see (I might have missed something) the selling started on the 30/12/20 when they had 19.836% of the issued shares, they went 19.836% -> 18.732% -> 17.998% -> 15.888% -> 13.943% They seem to be selling approximately 2% a month. Clearly they cannot keep this up for ever since they only have slightly less than 14% available to sell.

So what are they doing and why???

The first thing to realise is these people are long term holders I cannot find when they bought but it is a long time ago. Go back five years the share price was less than 10p, so they have made a massive paper profit.
The question is, what do Africa Asia Capital do?
Are they investing other peoples money?
If they are then they are probably portfolio investors, ie they hold a widely diversified portfolio in order to minimise risk.
So they held just shy of 20% of the company and have seen the share price go from sub 10p to 120p. It would have at this point have been like the cookoo in the nest. If you are a risk averse portfolio investor you do not look at the company you look at the portfolio and minimise risk, this means keeping it balenced in terms of weightings.
Obviously they would have to sell some and realise a big profit. They have imho done this in quite an orderly fashion.
There is of course another possible explanation and this is that this is some form of distress selling ie they need to raise some dosh. I cannot comment on this possibility.

What are they going to do next?

If they are distress selling I cannot comment.
If however, which I think more likely, they are rebalancing their portfolio then I see no reason for them to sell all of their holding, just get it down to a level at which the proportion in their total portfolio is similar to that when they bought.

I think their selling will be a drag on the sp, possibly for a few more months, however it will end.
I had genuinely expected 140p on the last leg up.
The ongoing rise in the Rh price will over time dictate the share price here.
I am worrying a bit about where trade and political relationships with China are going atm, everybody could end up shooting themselves in the foot and no one getting what they want or desire.

freddie ferret
31/3/2021
15:30
Just managed to top up again at 108p just before the close. Better than my last one which was at 120p
scooper72
31/3/2021
13:04
twirl - about 5 weeks ago IG announced that they were going to stop taking positions in 900 companies in 30 days' time, and that in the meantime they were stopping margined positions in these companies. Or something along those lines.
zho
31/3/2021
13:01
I dont think there is much to worry about here. The outage at Nornickel is about to send the platinum metals sky high. Rhodium, palladium and platinum have a big bottleneck as we re open imo.
allonblack
31/3/2021
12:58
hpgc>> just phoned spreadex and my bets will run until June as expected. I do not currently have bets with IG.
twirl
31/3/2021
12:52
hpcg>> thanks for the heads up. I have never heard any such thing before from IG and cannot understand if they are over exposed they could require a 100% margin?.
I know IG and Spreadex have not been taking new bets on slp for about a month now

Does it apply for IG to all bets or just slp?

twirl
31/3/2021
12:37
twirl - no:

You have until Monday 29 March 2021 to close your open positions on affected markets, from which point we will start to close any positions still open. Positions will be closed as soon as practical from this point, while ensuring that all reasonable steps are taken to obtain the best results for our clients. This action is taken in accordance with Term 28(3) of the latest version of the applicable customer agreement governing your account(s) with IG.

So actually I think my timing likely is out as anyone with spread bets should have been working out their positions into strength and it should have been a tiny amount to clear. But then the reason they are getting out of low turnover shares is that these are incompatible with the trading ethos. I think I made up the deadline by which all positions will be closed as the close on April 1 in my own head.

hpcg
31/3/2021
11:06
I don't have level 2 but there appears to be quite a number of 1hr delayed reported transactions of 20k and above on the feed today, which appears to have rocked the boat.
tonytyke2
31/3/2021
10:56
hpcg post 5018>> its not the last date for spread bets to offload with Spreadex and IG.

Bets can remain open indefinitely provided funds are available to cover margin requirements

There will be some spread bets closing because of inability to honour margin calls - I expect.

I would say the root cause of the drop from 130 is Africa/Asia Capital continuing their offload. I suspect that may be affected by todays date.

twirl
31/3/2021
10:22
I'm sure we're all loving that wonderful vase shaped dip now!
dougmachin
31/3/2021
10:18
Last day for spread betters to offload, so quite possibly forced. I presume any held tomorrow will be literally sold at any price, which is kind of difficult on SETSqx. I took some more too, but have cash for more.
hpcg
31/3/2021
10:05
bit of a treee shake. i bought some more at 105p
investing2retire
31/3/2021
10:01
Yep, couldn't get much though in a single purchase.
dougmachin
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