Sylvania Platinum Share Discussion Threads

[plat hunter] 01/10/2021 14:47

Gotcha, sorry i didn't read the post you replied too, thought I'd missed something important lol

[pwooly] 01/10/2021 14:21

The question referred to the next 12 months

[plat hunter] 01/10/2021 14:16

Chip shortage resolved lol... Where'd you hear that?

[pwooly] 01/10/2021 13:55

I think so.Chip shortage resolved, car production increased, supply deficit increased.Extraordinary cash position recognised.Potential downside is COVID affecting S.A. for extended period.

[js910] 01/10/2021 13:50

Will this be back to all time highs in next 12 months or so? General consensus?

[rabiddog] 01/10/2021 10:09

Yeah put another sell in yesterday afternoon @93 but missed it. Would’ve got it in the morning.

[plat hunter] 01/10/2021 09:34

93p resistance then

[rabiddog] 30/9/2021 09:16

Still a fair bit away at the moment ..currently 104p…next week hopefully

[death by donut] 30/9/2021 08:56

Good if breaks through 50ma?Not a TA person.DbD :-)

[plat hunter] 30/9/2021 08:44

THS down again sub £1

[rabiddog] 29/9/2021 12:32

Yeah ..watching with interest

[plat hunter] 29/9/2021 12:13

Or maybe not, finally got it's nose over 93 again

[plat hunter] 28/9/2021 12:20

I think we'll be in the lower range for a while yet, make the most of it and get those free shares while you can. £2 a share when the AUTO's are back to full production... £2 times how many free shares you can get in the mean time.

[rabiddog] 28/9/2021 12:15

Hope you don’t get that filled lol

[plat hunter] 28/9/2021 11:50

Well done Rabid, I have 88 in as a limit buy order, raised it a little like you said :-P

[rabiddog] 28/9/2021 10:21

Got my 93p to sell ..just 10% of my holding so more than happy to see it continue up

[nimrod22] 27/9/2021 17:28

good news for Platinum

[santangello] 27/9/2021 13:05

I have tripled my holding here after my purchases since last Wednesday.....upside looks very strong short/medium term imho.

[brwo349] 27/9/2021 11:32

Sylvania’s bumper cash return

Net profit increases 143 per cent to $99.8m in 12 months to 30 June 2021.
Closing net cash rises 90 per cent to $106m year-on-year, and up from $67m at start of 2021.
Final dividend of 4p a share beat’s Liberum’s 2.9p a share estimate.
Production guidance flat at 70,000 PGM ounces.

Sylvania Platinum (SLP:101p), a cash-rich, fast-growing, low-cost South African producer and developer of platinum, palladium and rhodium, has rewarded shareholders with a better than expected 150 per cent hike in the final dividend to 4p a share (ex-dividend: 28 October) to add to the 3.75p a share special dividend that was paid in April.

The board can afford to be generous as the $29m cost of the 7.75p a share payout equates to less than a third of Sylvania’s $99.8m net profit in the 12 months to 30 June 2021. Furthermore, even after accounting for the final dividend payment, proforma net cash of $91m (24p a share) is still two-thirds higher than at this stage last year.

Admittedly, Sylvania’s share price has retraced the hefty gains made earlier this year, mirroring falls in the prices of palladium (down 19 per cent) and rhodium (43 per cent decline) as market fundamentals softened in the short-term due to the weakness in automotive production caused by semi-conductor chip shortages. The sector accounts for 82 per cent and 87 per cent, respectively, of end market demand for palladium and rhodium which are both used in catalytic converters. Auto inventories are currently at all-time lows, one reason why second hand car prices have surged.

However, Liberum Capital’s technology team believe that the chip shortage will peak this month and then ease for the rest of the year, a positive for Sylvania’s average basket price which has been dragged down by a third since May. Importantly, markets for both palladium and rhodium are still forecast to be in deficit this year. Furthermore, the group remains hugely profitably at current spot metal prices as Sylvania’s average basket price is more than four times higher than group cash costs of $755 per oz. Based on flat production of 70,000 PGM ounces, cash profits north of US$120m (£87m) should be easily achievable in the new financial year.

To put the valuation into perspective, strip out net cash from Sylvania’s £272m market capitalisation and the group is rated on an enterprise valuation of only 2.2 times cash profits at current spot metal prices. The holding has produced a 634 per cent total return since I included the shares in my 2018 Bargain Shares Portfolio and I continue to see scope for material further upside. Buy.

[ngms27] 27/9/2021 09:50

Must have been Tuckers Luck

[martinfrench] 27/9/2021 09:38

if justin tucker can break the nfl record with a 66 yard field, goal, we can break £1 no sweat

[plat hunter] 27/9/2021 08:26

Lol, yeah i was trying to buy fuel ;-P

[death by donut] 27/9/2021 08:25

Long weekend PH?DbD :-)