Sylvania Platinum Share Discussion Threads

[riverman77] 16/1/2023 15:53

If rhodium is so scarce and so important for catalytic convertors, makes you wonder why one of the big automakers doesn't just snap this up.

[donska] 16/1/2023 15:25

https://www.edisongroup.com/research/massive-rhodium-gearing-to-exploration-assets/31571/The exploration assets are also potentially very significanthttps://youtu.be/biM6XTLPBUM

[riverman77] 16/1/2023 15:15

Thanks, so they should have plenty of material for next few years. Given that this is on a cash adjusted PE of about 3 then perhaps don't need to worry too much about the life of the mines.

[donska] 16/1/2023 15:07

It's ongoing tailings due to production chrome of host mine

[donska] 16/1/2023 13:58

The information suggest 10 years + with the potential to extend They also have mining rights for 2 new developments which resources being updated 2023

[riverman77] 16/1/2023 13:41

Since the tailings will be exhausted at some point (don't know when that would be and that detail doesn't seem to be readily available) I would value SLP on a discounted cashflow basis, not on a PE basis.

[madpearce] 16/1/2023 13:01

The only doubt in my mind is whether available tailings for processing are going to be exhausted at some point. It is mentioned as a challenge in last AR.

[purplepelmets] 14/1/2023 23:04

2.7 PE in any company not about to imminently go bust is insane, never mind a cash rich zero debt operation like SLP. I'm expecting a rerating within 6 mnths target price 160p

[clive7878] 14/1/2023 21:37

Investors Chronicle quoted a future pe of 2.7, with was it billingate - not sure - billing something at pe of 6, but they indicated that the pe ratio was quite silly and the company could be a takeover target. Seems an outstanding buy to me, unless I am missing something. Stock I held last week I thought had reached a peak, but I didn't sell, and they kept on rising still - good job I held on, I may dip my toes into SLP though.

[johnrxx99] 13/1/2023 07:52

carcosa, Samancor are not shareholders so I assume you mean they are the only buyers of SLP's output. Are there no other smelters in SA?

[carcosa] 13/1/2023 06:28

ST suggested SLP was a takeover candidate.

Certainly based on financial figures alone it most certainly is. However I remember researching this in years past and the real problem is that the company is reliant on Samancor and there approval more than anyone else is required.

In fact I would say that the only likely acquirer of SLP is Samancor/Terris Chrome Limited themselves but given they have seemingly showed no interest in doing so to date then I'd hazard a guess SLP will remain in its current form for many years to come.

[ugandalad] 11/1/2023 14:37

Simon Thompson of IC posted positive comments again on SLP.

[lyceeuk] 10/1/2023 17:26

useless link needs to subscribe

[petersinthemarket] 10/1/2023 17:26

For anyone else who has struggled to find the Regency report on SLP, you will not find it under the given title without going through the following route. You first need to go to then use the Menu to select Free Reports, then select the report called 2023 Share Tips of the Year and choose Download where you will be asked to supply your name, email and phone details. SLP is one of 5 recommendations (CNIC, AZN, SLP, HSBA, MONY) in the Report and entitled The Small Cap Miner That's Too Cheap To Ignore.

The Report is not quite up to date, having been published in November 2022.

The Report is probably worth a read and the following is an extract: ''Sylvania currently trade on a forward PE of 4, one of the most attractive in the Metals & Mining sector, and one of the most attractive in the entire UK stock market. The forward PE compares very favourably to forecast EPS growth of 11%, giving the stock a PEG ratio of 0.4. Sylvania also score well across several other value metrics. Price to Free Cashflow is just 5, and EV to EBITDA is 1.71, one of the best in the Metals & Mining sector. This rock-bottom valuation helps to more than offset the potential for weak economic conditions which threaten industrial demand in the near term.''

[donska] 10/1/2023 17:18

https://www.investorschronicle.co.uk/ideas/2023/01/10/four-potential-takeover-targets/

[donska] 10/1/2023 17:11

Sylvania is trading on a miserly 2.7 times forecast net profit to enterprise valuation based on Liberum Capital's estimates for the 12 months to 30 June 2023

[nimrod22] 10/1/2023 17:06

"In terms of my active watchlist, I feel that two of my 2022 Bargain Shares Portfolio constituents will either re-rate further or attract interest from predators: lowly rated commodity play Sylvania Platinum (SLP:108p)" Quote from Simon Thompson of IC. today.

[donska] 10/1/2023 12:42

You can download a free report from their website. It's headlined 'The penny share miner offering deep value'

[petersinthemarket] 10/1/2023 12:38

donska - can you provide a link pls. or copy if behind a paywall, tks

[donska] 10/1/2023 11:15

A good piece by Regency Research today covering SLP.

[haywards26] 09/1/2023 13:14

Much better share price action :)