Sylvania Platinum Share Discussion Threads

[ddubzy] 06/9/2021 07:44

Nice increase in divi and more than expected, add into that the potential special divi early next year is great news. The temporary suspended operations at Lesedi is only short term and impact is expected to be marginal.Top job SLP

[martinfrench] 06/9/2021 07:42

I doubt it, as you say not producing

If it was important would have been announced separately as would be mkt sensitive

[johnrxx99] 06/9/2021 07:31

At or slightly below consensus. Temporary closure of a site won't, although not producing, will dampen enthusiasm imo.

[nickwild] 06/9/2021 07:27

Annual report seems OK. 4p divi with possible extra in Feb 2022. will be interesting to so haow price reacts.

[greggphilips88] 05/9/2021 20:43

TBTT - OK, that makes sense and I've learnt something there, so thanks for correcting me! Good example of the benefit of this BB for me personally. :-)

[tigerbythetail] 05/9/2021 16:50

Also, Covid is an ongoing problem in South Africa (where isn't it?), but things have improved recently. There is no crisis, and SLP should be working absolutely normally.
www.thesouthafrican.com/news/covid-19-latest-sa-reports-8-411-new-reported-cases-182-deaths/
Anyway, results tomorrow!

[tigerbythetail] 05/9/2021 16:47

Hi Gregg!
I'm afraid you've got that backwards.
Samancor (SLP's "host miner") and Glencore have ferrochrome smelters as well as chromite mining activities, and they are positively advocating for the chrome export tax.
On the principle that what is good for Samancor is good for SLP, the proposed chrome tax would be mildly advantageous for SLP (as SLP have said publicly). It would mean Samancor was more profitable and more likely to restore / increase production, which would equal more run-of-mine material for SLP to process, which would equal a longer mine life and probably a small increase in grade and recoveries.
The proposed chrome export tax would be less good news for some of the other chrome miners who lack South Africa based ferrochrome smelters, as it would likely cut into their profits. That said, the mooted tax has been around for over a year now, and the defence against it from ChromeSA has been active and convincing, and I'm not sure it will ever be imposed. It is, in truth, a bad idea. If South Africa really wants to revive its ferrochrome smelting industry it needs to improve its electricity generation and lower its costs (electricity is up 500% over the last decade!).
(Chrome and ferrochrome prices are currently excellent, so Samancor should be making good money. They may well be contemplating reversing some of the production cuts they made 18 months ago.)

[greggphilips88] 05/9/2021 11:53

Fastmarkets:
South African UG2 chrome ore prices moved almost exactly in line with our forecasts this month, with prices climbing to $183 per tonne, up from $161 per tonne in July, and as compared to our forecast price of $184 per tonne for August. As we forecast last month, political unrest in South Africa prompted disruptions to chrome ore shipments and deliveries, propelling ore prices higher. We do not forecast further upward momentum in chrome ore prices in the near term, but do expect prices to remain near current elevated levels.

[greggphilips88] 05/9/2021 11:51

The SA chrome tax is a relevant issue, as it impacts the host mines that feed ROM material to SLP. So, it seems clear that the proposed chrome tax would not be good for Samancor and its chrome mining activity, and therefore not good for SLP.



I don't think this has a big, short term impact on SLP, but will be interesting to see if it's mentioned in the Annual Report. Chrome markets have improved this year, which should be good for SLP.

I personally like the board and chairman's style and content in their annual report. I'm looking forward to seeing what they have to say about the eventful last year, and the look ahead to the current financial year.

[rabiddog] 04/9/2021 16:11

Nothing to do with the SA beta covid variant , most reports seem to think the delta variant is the dominant one. All to do with macro economics and the near term impact on PGM prices.

[deme1] 04/9/2021 08:50

The new South Africa variant of covid may be making people nervous again

[soilderboy] 04/9/2021 07:58

Agree. The company is in fantastic financial shape.

[cordwainer] 03/9/2021 19:00

I'm with SteMiS, maybe the market is suffering from very pessimistic short-termism here for any possible excuse under the sun: chip shortages / car production woes, slight soft china growth, chinese price controls, south african public disorder, covid, technicals and trading patterns, maybe I'm missing a few others. All are a distraction to the fundamentals and longer term demand outlook. Should be more concerned about stock-specific circumstances like mine lifes, production, AISCs, management, ESG and director buys. I seem to recall the thread was more focused like that 6 or 12 months ago.

[the oak tree] 03/9/2021 17:46

SteMis , you've sum this all up really nicely. So much noise when talking about stocks, just a few numbers are often what its all about.

The two other points Id raise is:
1. Obviously it has to deliver these numbers next week, or near it. But Im assuming they probably will.
2. Often one has to wait for the market to believe in a company. Especailly one based on Africa and in this sector. Its had a good ride but now the market needs more proof for that next step to happen. I think it will but we'll see.

Sorry for all the above waffle - took way too many words! :)

[stemis] 03/9/2021 12:17

Maybe the market can't add up. As far as I can see they'll be announcing earnings of $97m (ebitda $146m) and cash of $101m. Market cap is currently $353m.

[wet your knot] 03/9/2021 11:35

As the 4 quarters results for FY 2020/21 are known what might be in the full year results on Monday to give the price a boost? Other than consolidation and confirmation? Poss divi confirmation?

[plat hunter] 03/9/2021 10:02

Very tight spread


94p to buy and 93.4 to sell.

[plat hunter] 02/9/2021 21:19

So this is the same SLP chart with the same lines drawn on a different surge and you can see it goes the other way giving us prices to aim for going up, we also have several different factors of confluence too, to support it.

£1.25 £1.32 and £1.49 should come again eventually, hopefully some relief to the longs who might be a tad nervous after the last few months

[plat hunter] 02/9/2021 20:54

Yes and yes... And probably down to two factors really, confluence and self fulfilling. If everyone is watching the same thing to do the same thing then it will happen :-P

[rcturner2] 02/9/2021 20:41

Is there any academic research though that shows that charting works? Or is just randomness?

[bazzer1000] 02/9/2021 19:46

Good video Plat. Sal, I know what you mean, for years I thought charting and TA was witchcraft. But I learnt it really does work and helps increase the probability of a trade working. I think I probably use about a 50/50 split now between chart and fundamentals.

[plat hunter] 02/9/2021 19:22

Then this will be the most eye opening video you've ever watched if you've got a few minutes.


If you're investing in the future then you want as many shares as you can, the problem with buying and holding is that you take liquidity out of the market and then you don't participate, so the price can only go one way (hopefully) and you can't accrue, similarly when LTH with low averages decide to sell after 10 years you 'll get equally massive corrections and you'll struggle to sell for a price you're happy with.


You'll be surprised how a few percent here and there over time adds up, it's not the little pocket money game people think it is. Little and often, the market is always open and we've all got years left... hopefully.


Anyway I digress, here's the video.... Enjoy

[saltraider] 02/9/2021 19:09

It's very interesting to have a window into this Chartist thinking. Thank you for that.

Myself, I still can't see (at all) how lines on a graph can tell us anything about how SPs will/might move in future.

On fundamentals ... I think SLP has a long long way to run. I'll sit tight and let things play out.

[plat hunter] 02/9/2021 19:06

Not quite, more price targets for traders. So if we use a "Short" set up like my fibonacci extension chart we can get an idea of where a seller might go, before he starts to buy back. So the signal is whatever happens after it hits that target, does it fall through or do buys start coming in, if buy orders start hitting the book then I'll usually buy.


Same for on the way up, I'll know what price I'm selling at before i actually buy. If you want I'll post a couple of quick short videos that explain fibonnaci charts and how to measure and draw them yourself.

[waspfactory] 02/9/2021 18:53

"If you compare each chart, the 161.8% line is equal to the 200% line of the previous chart".

Sorry to be a charting numpty Plat, is this a buy signal?

Cheers,

Wasp