Sylvania Platinum Share Discussion Threads

[tigerbythetail] 02/8/2021 18:04

Hi RabidDog!
No, those numbers are the 6E prill split by number of ounces produced. As Kenny said, multiply by current market price and then divide against the whole to get split by revenue.
Rhodium should come in at around 50% (very roughly, in my head) by value, then palladium and platinum at roughly 17% each, and the rest from ruthenium and iridium (and a tiny bit of gold).
Remember that SLP quote production ounces on a 4E basis (i.e. Rh, Pt, Pd and Au) and treat Ru and Ir as "by-products" in their accounts. So, if you like, you get the extra revenue from these two metals "for free" (at zero accounted cost).
All told, SLP have an incredibly healthy margin at current PGM prices - a little less than the crazy fantastic margins of two months ago, but still outstanding.

[kennyp52] 02/8/2021 16:56

lol Farrugia ... multiply by each market price and the % of production and you might get a different answer

[farrugia] 02/8/2021 16:09

so Rhodium is not the biggest contributor? - just 9%? Platinum at 50% revenues and Palladium at 18%?

[deme1] 02/8/2021 16:09

problem being plat hunter bought back in after selling at 50p

he failed then and he is failing again.

playa

[rabiddog] 02/8/2021 15:49

From June financial report…
Pt 50%, Pd 18%, Rh 9%, Au 0.3%, Ru 18%, Ir 5%).

That’s by revenue

[plat hunter] 02/8/2021 15:22

The chip shortage is an excellent point TBTT

[plat hunter] 02/8/2021 15:21

Again... I'm not 100% off the top of my head but i think Plat is around 35% and pall around 45%

[tigerbythetail] 02/8/2021 15:14

Typical - I write a perfectly factual post that SLP is a good buy and the share price takes a dive. It's still a good buy though. Just a bit cheaper than last week!
I don't have the exact prill revenue split figures to hand, but rhodium is by far the biggest contributor to revenues at current basket price, followed by palladium and platinum. Iridium (as a by-product) does add some value, and ruthenium (which SLP produce quite a lot of, also as a by-product) at $750/ oz also brings in good money. Gold production is negligible (0.2% prill split) and basically can be ignored.
Note rhodium has ticked up twice in the last few days to $18,600 today (JMAT prices). Hopefully, this marks automotive buyers returning to the market because the chips for cars shortage is very gradually easing. (This to be confirmed by price action over the next few weeks, nothing conclusive so far).

[farrugia] 02/8/2021 14:50

so Rhodium accounts for 15%. well what about Platinum and Palladium? These are both highly sought metals as well.

[plat hunter] 02/8/2021 14:12

Disappointing break below the 200 day ma support, will we get the 4th attempt at 94p?

[farrugia] 02/8/2021 14:12

I bought a few thinking to take some first, ask questions later as I've been following this for sometime now. In what percentages is SLP dependent on commodity prices most?

Platinum?
Palladium?
Rhodium?

i.e. what commodity price is it most dependent on in percentage terms? Anyone can give me a quick snapshot? Is this totally dependent on rhodium prices?

[tigerbythetail] 01/8/2021 20:12

I think in the end it is still simple here - extremely well-run debt-free company with huge cash pile makes very large profits and pays reasonable dividend, and yet still manages to trade at a very low valuation.
Rhodium seems to have stabilised at a decent price as well.
The company has regularly outperformed over the last few years whilst keeping investors fully informed in the best manner. They have earnt my trust.

[tonytyke2] 01/8/2021 17:37

For Plat Hunter to get a share price short forecast 10% wrong last week over a 3 day period really shows you how really poor the analysis/charting was.

Now indicating today 'retrace 94p' this week......

Terrible approach, trying so hard to get his money back and influence others on the board here.





.

[freddie ferret] 01/8/2021 17:18

We seem to have got some stability in the Rh market now.

[tonytyke2] 01/8/2021 16:58

Plat Hunter's short/trading now really underwater from last week, see his post below from last week.

'Strong resistance going into the last couple of hours... Wouldn't be surprised to see 97p at some point before the week is out'

Oh dear!

[plat hunter] 01/8/2021 16:19

It's a down trend martin, you'd be daft not to want lower

[martinfrench] 01/8/2021 11:54

yes, you want a lower entry plat, we get it

[plat hunter] 31/7/2021 18:34

Fib extension from the impulse surge and retrace 94p is a key testHttps://www.tradingview.com/x/1np2iVot

[blueflex2] 30/7/2021 15:43

Followed the IC tips, added few

[jobear] 29/7/2021 16:20

Added some. Resistance at 100 140 again soon ?

[js910] 29/7/2021 11:00

Buy the dip

[johnrxx99] 28/7/2021 11:18

johnh - 2 quid at the moment? Nor me but give it 2 years :-)

[ddubzy] 28/7/2021 10:49

Not sure why or who benefits from telling a BB on what trades you've done. Anyway SLP for me all the way, when you trust the BOD and it makes eye watering profits, why leave?