Sylvania Platinum Share Discussion Threads

[freddie ferret] 20/7/2021 14:25

Exactly as I said previously riots take place in cities not the outback.

[tigerbythetail] 20/7/2021 14:23

Of course South African politics - or the perception of them here - have played a role in the drop.
None of the rioting came anywhere close to SLP operations. But it's conceivable the closure of the road and rail lines and the big oil refinery in KWN could impact production to a small degree. And the riots are over now - though they have exposed some dangerous fault lines in South African society.
But going on about nationalisation of mines is complete trash. Rank scaremongering.
And, in truth, this is most likely a buying opportunity. Remember that car production is still down by over 20% worldwide due to the chip shortage, and all that demand will come back in over the next six months or so. The "dip" (if you can call it that) in rhodium and palladium prices may be only short-term. (FWIW, Heraeus and JMAT agree on this).

[tonytyke2] 20/7/2021 14:03

Well, I have been adding over the past 2 days again. The drop is well overdone and the results are likely to be superb. Not long to wait now. Good luck to all holders!

[gp1948] 20/7/2021 13:57

TigerByTheTail

What would you ascribe the low rating of this stock if not political uncertainty?

[tigerbythetail] 20/7/2021 13:40

That was do have an idiot, not don't, of course...

[freddie ferret] 20/7/2021 13:13

Nationalisation of mines is possible however tailings processing is highly technical, I doubt if they would hang on to key staff if it was nationalised.

[freddie ferret] 20/7/2021 13:11

Price is a bit low atm.

The Rh price is also interesting.

SLP price change compared to JLP and THA is not rational imho. JLP and THA are higher risk businesses.

[bazzer1000] 20/7/2021 13:04

......but that's why it trades on a cash adjusted PE of 2 or 3 and 20.

[kinbasket] 20/7/2021 12:44

FFC said...

"Now I've said it, all mines in SA will be nationalised overnight of course!"

Investors here need to realise this is a genuine risk and should be included in any analysis of any resource company. Nationalisation comes in many forms. Not just total control. Think north sea windfall tax, Australias MRRT, or South Africas 2002 MPRDA. Don't be surprised to wake up and find the financial situation has changed.

The situation in SA is serious. The current rioting is not a simple case of a few folk being upset by the treatment of Zuma. It's the tip of 25 years of mismanagement, corruption and failed promises of successive post Apartheid governments. People there are angry and anything is possible. FWIW I have family, friends and business interests in SA going back to the Apartheid era so I'm wide awake to what's happening.

[fredfishcake] 20/7/2021 11:59

ADVFN posters seem to love blaming any share price decline on shorters. Share prices in general are influenced by the ratio of buyers and sellers. At the moment, it's summer and volumes are low and there are well-documented problems in SA. Long term, the fundamentals of the stock will win out - assuming no political nasties like nationalisation. Unfortunately, any African stock has a higher element of risk than eg UK, so SLP would never be valued on a P/E of 20....but I do think this is an overreaction.

Now I've said it, all mines in SA will be nationalised overnight of course!

[friskymickey] 20/7/2021 11:51

Thanks for replies.

[friskymickey] 20/7/2021 11:51

Thanks for replies.

[martinfrench] 20/7/2021 11:46

agree jack, at least the large cash balance underpins to a certain extent

[jackthecat1] 20/7/2021 11:35

Surely SLP is hugely oversold at these levels, just plain madness. I've never held until today. Bought £80,000 in my sipp at 95p odds. I can sit on this for 15 years if required. We will soon be back up towards 150p+.

Just such good value at these levels.

[gp1948] 20/7/2021 11:28

Yes, the company should know! The data on Market Screener is sometimes inaccurate or out-of-date.

[greggphilips88] 20/7/2021 11:25

The SLP website lists quarterly results to end of June 21 for July:

"February
Interim report for the half year ended 31 December 2020
April
Quarterly report: 31 March 2021
July
Quarterly report: 30 June 2021
September
Annual Report 2021"

Half year results came out 22 Feb
Q3 came out 30 April
Last year, Q4 results cam out on Monday 27 July, with Annual results on 7 September.

So, I'd guess Q4 results will be out between Monday 26 July at earliest to Friday 30 July latest...with annual results out in September

[gp1948] 20/7/2021 11:00

Calendar of upcoming events from Market Screener:

Upcoming events on SYLVANIA PLATINUM LIMITED
08/03/21 FY 2021 Earnings Release (Projected)
11/03/21 Q1 2022 Earnings Release (Projected)
02/21/22 Interim 2022 Earnings Release (Projected)
05/02/22 Q3 2022 Earnings Release (Projected)

[friskymickey] 20/7/2021 10:15

Do we know a date for the release of next set of results. I can't see to find it. Thanks

[russman] 19/7/2021 20:36

Share volume is relatively high.
Fundamentals appear good to firm.
SLP has had a good run; I will call it a retrace for now.

[edscoville] 19/7/2021 20:31

All IMHO of course, not investment advice

[edscoville] 19/7/2021 20:23

Definitely agree. This is not about shorters/hedge funds. In fact some LSE suggestions in this regard are a bit green, maybe wanting too much too soon. It's simple general market sentiment due to covid/unrest/inflation/fear etc etc. It's not solely about SLP. It will perform strongly over the medium to longterm, No change.

[tigerbythetail] 19/7/2021 18:33

I've read a few posts on here and LSE saying we have shorters here.
I'm fascinated why. Here we a debt-free, cash-rich, well-run, dividend paying, highly profitable company just about to announce the results of what should be its best quarter ever, and it is already trading at an incredibly low valuation by almost all normal metrics. Oh, and the troubles in South Africa have died down now. And SLP have a history of launching opportunistic share buybacks as well.
There are thousands of companies out there - many of them real garbage. Why on earth would you chose to short SLP?!?
So, over to you, dear shorters. If you exist, that is. Which, frankly, I doubt.

[dougmachin] 19/7/2021 13:59

Sea of red today. This one doing pretty well compared to many others.