Sylvania Platinum Share Discussion Threads

[rabiddog] 27/8/2021 08:46

Not much as it’s not PGM metals.

[pomp circumstance] 27/8/2021 07:57

How much influence does China have on SLPs basket with sales like this?

[plat hunter] 26/8/2021 15:32

Cor... they're really trying to shake people out with that bid.

[plat hunter] 26/8/2021 10:57

The answer's simple, get everyone back in to work. Too much consumption and not enough production, supply chains have been ravaged by covid, whilst it accelerated peoples lust for instant gratification.Uber, boohoo, amazon prime etc etc etc. "Work, earn, consume and repeat", is now more like "stay at home and get everything NOW for free".

[rabiddog] 26/8/2021 10:45

Yes..but typically the stock market leads news by 6 months in terms of pricing. I don’t think movement is far off

[napoleon 14th] 26/8/2021 10:40

If the UK is like ROW, IMO Rh & PGMs in general will recover when they make enough
chips to make enough cars to use enough PGMs again!



My cost price here is 80p, so here's hoping... but it might take a while.
"the worldwide shortage of semiconductors shows little sign of abating"

[johnhemming] 25/8/2021 16:38

Given his previous experiences I think that is a rational view to take.

[plat hunter] 25/8/2021 16:11

The chairman's statement is usually very conservative too

[johnhemming] 25/8/2021 15:59

I expect it to benefit from the results next week. However, the uncertainty over the long term price of Rhodium will drive some volatility. Quite a bit depends upon what dividend is declared.

[gsg] 25/8/2021 15:52

Agreed PH. Looks worth a punt from 85p, however up to my neck elsewhere at the moment, so it would have to be a no brainer for me to be tempted.

[plat hunter] 25/8/2021 15:45

Well it is still in a downtrend G, despite what everyone would prefer. I have a stop loss for 80.5 but obviously i'd rather it didn't get filled.

[gsg] 25/8/2021 15:41

Thanks PH. Think I'll sit on the sidelines and watch how it develops for the mo.

[plat hunter] 25/8/2021 15:35

GSGShort term bottom atleast, was on the 23rd, i got back in for 85p with a short term target of 98pHttps://www.tradingview.com/x/KfolDnXG

[chesty1] 25/8/2021 15:14

Ouch that's some drop from £1.40p falling knife anyone....

[johnhemming] 25/8/2021 15:10

Stockopedia's forecast PE is indeed 2.8 on a rolling basis. When the accounts come out it may be that we see that figure. However, if we know (and we do) that the company will make a lower profit in the future it is worth assessing things on the basis of where we expect things to be. That is what other investors are doing and that is why the price has been going down.

SLP also have a "life of mine" (except it isn't a mine) issue. When it comes to commodities the standard PE valuation techniques don't work that well.

I am not sure what number of year's resource "remain" (given that some are being added), but it is around the 9 year point at the moment. It is a difficult stock to value.

[plat hunter] 25/8/2021 15:08

That's a good turnaround so far today

[acv74] 25/8/2021 14:21

The forecasted PE is 2.8

[rabiddog] 25/8/2021 13:23

The PE on stockopedia is 5.2. They use a TTM approach on a trailing 12 months so update with company interims etc

[deme1] 25/8/2021 13:19

Just skimming through the info I would say £1.00 could well be fair value.

I am now biased as I am now a holder

[johnhemming] 25/8/2021 12:43

The PE, however, is forecast based upon the higher commodity prices. I last sold at 101 and then bought some at 85. I would not be surprised to see the price dip further and at a point may buy some more. However, I think when the dust settles on Rhodium we should see the stock as being worth at least something in the 80s. Its difficult to predict as there are too many variables.

[stemis] 25/8/2021 12:40

The P/E isn't a good measure when there is so much cash in the business. At current 4E prices, I'd say it's valued at about 1.9 x ebitda

[scooper72] 25/8/2021 12:33

Not really meaningless. Despite commodity prices inevitably changing over time they won't change to the extent that such a low PE becomes irrelevant to the investment decision making process.

[ngms27] 25/8/2021 12:30

But a meaningless measure as commodity prices have reduced...

[deme1] 25/8/2021 12:16

Unbelievable

[ngms27] 25/8/2021 12:11

Currently PE is 2.8