Sylvania Platinum Share Discussion Threads

[haywards26] 19/7/2021 13:11

I have topped up this morning. Happy to await value.

Divi yield and favourable sector.

Patience will be rewarded.

If it goes below 90 I will top up again and in to a larger extent..

[johnhemming] 19/7/2021 13:07

I would not wish to predict anything because it will depend upon the Rhodium price particularly and I would not wish to predict that.

[js910] 19/7/2021 13:06

I bought in at around 128p average on the basis of some of my own research plus inspiration from Simon Thomson's article in IC. Reckon this will go up anytime this year to its highs again?

[johnhemming] 19/7/2021 12:32

I don't think it is shorting. I think it is a response and probably an over response in the end to a drop in the Rhodium price.

I am personally happy to rely on my own assessment of where some commodity prices will go, but not PGMs. There are too many complex factors and most of the online predictions are reported by people who have an interest in a particular conclusion.

I sold out of SLP last week, but I did that also in early 2020 and then bought back in slightly later. I don't think we are likely to have a steady state valuation and at the moment pretty well everything is dropping. (IMO wrongly).

[twirl] 19/7/2021 11:27

Clearly slp is subject to a shorting operation probably initiated by the last years rise and recent drop in Rh price and confirmed by the appearance of derampers on BB's.

IMHO nothing has changed from the positive environment a month ago. The reasons for the fall such as riots are spurious wrt slp. Rather like the lazy journos who have to have an explanation for everything.

The company will announce record breaking profits at the end of this month. ST of IC will ramp it as will Liberium.

Lets hope before then the company will announce a share buyback or something similar to burn the shorters.

In the meantime my approach is to hold and maybe buy when I think the shorters have finished - maybe early next week?

[greggphilips88] 19/7/2021 11:25

I continue to hold, although now on a paper loss overall, given how much I purchased around 118p.
I like SLP for its fundamentals, it's conservative BOD approach (not everyone will like that) and the view of the next 3-5 years for PGMs.
This isn't much fun, particularly the doubt of "does someone know something the rest of us don't".
Most of my portfolio red today and in recent weeks, with some standout exceptions keeping my chin up.

Rh dropping a bit again, as had Pd. However, these are still high prices in a severely disrupted autos market, and the market for them will remain in deficit over the next couple of years, at least.

No RNS on AAC selling...so perhaps they aren't the main culprit?

The fundamentals (ignoring chart and price action) say this is a bargain. Q4 results against this market cap will be standout. However, it's hard to stay focused on that with such a steep, unexpected decline in the share price I note THS (which I do not hold) has now had a similar fall. Nervousness, around COVID, the global economy, the short and medium term future for SA, clearly at play here. Just looks way overdone, as the market often does.

I'm willing to take my chances on where we are in 18 months with SLP. Suspect some people are able to pick up a bargain here, as they have been able to a few times on SLP over time.

GLA.

[plat hunter] 19/7/2021 10:54

What a time to be in cash and gold eh?

[ddubzy] 19/7/2021 09:02

It's a mid-season sale, today is not the day to be throwing in the towel. Everything getting hammered for no reason. The good stocks will bounce back.The old phrase is always the one that works, buy when others are fearful.

[tigerbythetail] 19/7/2021 08:58

All a bit bizarre right now.
This massively profitable company should report the most successful quarter in its history in a few days' time.
By every value measure it is dirt cheap. This is pure sentiment.

[cordwainer] 19/7/2021 08:37

RSI at approx 20% both 2 year and 1-day chart atm. I've taken another bite even though technical support looks like 80p. Most days first hour of trading that gives the low point for the day here. I hope today is like most days. :-|

[primarch1] 19/7/2021 08:34

All miners are down,this is just being hit harder so someone can get it cheaper.troubles in sa surge in COVID chip shortages from cars.I'm topping up fundamentals are solid and the cash pile keeps growing hold your nerve.

[cordwainer] 19/7/2021 08:26

I guess whoever's shorting and selling knows more about this stock than I do.
Wonder if I should keep topping up ..?
:-(

[tonytyke2] 18/7/2021 20:07

'contacts with an ear in the right place' tell me we may know a certain party trying to short this stock. Hope it fails miserably.

[corrientes] 18/7/2021 16:06

I don't presently hold shares in PGM, but all you need to do is look at posters' comments over a couple of months or so, to give you a fair idea of what's behind it all.

[yf23_1] 18/7/2021 15:57

You always get the derampers when they get nervous over a possible bottom at a resistance point.

[petewy] 18/7/2021 13:42

this should be priced around 35p...That serious?

[purplepelmets] 18/7/2021 11:20

RD, contacts with an ear in the right place tell me it's pretty much a done deal and will be announced imminently. The BEE did not go far enough and in the time of crisis they figure this will calm the situation. Nationalism always plays well in desperate times. Of course it would be a complete disaster, but then making a moron with no idea about biology/medecine a health minister, and dismantling the entire education system because whites had a part in building schools 30 years ago does not suggest sanity and rational decisions.
We will soon see, but factoring in the risk this should be priced around 35p until the situ in SA returns to something approaching normality.

[plat hunter] 18/7/2021 10:48

THS April 27 peak and down 23% to dateJLP SLP May 10th peak and down 20/ 30% respectively to date.All looks pretty normal to me and in line with falling basket prices.

[rabiddog] 18/7/2021 10:30

The chances of SA nationalising industries is virtually nil. Disruption is the factor in play here on the share price

[henryatkin] 18/7/2021 09:11

Freddie... JLP blue, THS black, SLP red

[dr pinkstone] 18/7/2021 08:59

PP--do you work for a hedgie?

[henryatkin] 18/7/2021 08:53

The last thing a new government would want is to lose international investment. Nationalising profitable business's would do just that. It would also cause a flight of capital out of the country & a brain drain similar to Zimbabwe. At worse there may be higher corporation tax.