Sylvania Platinum Share Discussion Threads

[weatherman] 21/2/2023 08:24

A forecast of 6p, forecasts can be wrong - I should know.

[fredfishcake] 21/2/2023 08:22

No, an interim of 3p in April, which is approx 1/3 of forecast divi, so final divi of 6p making 9p pa.

[weatherman] 21/2/2023 08:09

OK - I stand corrected - interim divi of 3p to be paid in APRIL 23 - still an annualised amount of 11p for last 12 months - we'll see if they can match or beat the 8p in the next Final. [edited]

[metis20] 21/2/2023 08:06

Dividend Policy

The Board has reviewed the Company's Dividend Policy and effective 1 July 2022, the New Dividend Policy will be able to pay out a minimum of 40% of adjusted free cash flow for the financial year. Where annual dividends are declared, these will be paid in two tranches with an interim dividend equating to one third of the forecast full dividend and the final dividend equating to the remaining unpaid balance of the minimum of 40% of actual adjusted free cash flow.

So a payment of approx.6p final divi. How close to 6p it is depends on accuracy of the HY forecast for FY free cash flow.

[farrugia] 21/2/2023 08:02

Any ideas whether the other player Tharisa could be affected by power cuts?

[slopsjon2] 21/2/2023 07:55

The 3p payable in March is the interim dividend, one third of the full dividend, so that would make the full divi 9p for the year? So a payment of 6p in the final divi.

[hamp] 21/2/2023 07:53

get your facts right weatherman interim divi of 3p not final ! very good amount for the year though 11p,

[investorwil] 21/2/2023 07:49

Yes, looking like a real bargain! :)

[metis20] 21/2/2023 07:33

Sylvania Dump Operations ("SDO") delivered 38,471 4E PGM ounces (HY1 FY2022: 32,376 4E PGM ounces);

SDO cash costs per ounce decreased 18% from $736/ounce to $602/ounce while the average ZAR:USD exchange rate depreciated 15%.

Net profit of $32.6 million (HY1 FY2022: $24.4 million);
Cash balance at 31 December 2022 of $123.9 million (HY1 FY2022: $110.1 million);

[donska] 21/2/2023 07:25

Huge dividend yield with good growth opportunities what's not to like

[farrugia] 21/2/2023 07:24

And they have backup power in place which is important. Any ideas whether the other player Tharisa could be affected by power cuts?

[weatherman] 21/2/2023 07:15

Final Divi of 3p, 11p for the year - yield over 10%.

[herbert0] 20/2/2023 17:41

mms report transactions up to 3 days late

[deadly] 20/2/2023 16:43

crazy 10% price variation today!

[yertiz] 20/2/2023 09:07

ADVFN gone doolally, SLP showing 20% down this am ... As a platform it's sadly lacking, down all weekend for 'improvements'.

[nimrod22] 17/2/2023 17:32

Folks may wait on the results next week b4 making a decision.

[scubadiverr] 17/2/2023 17:14

I think it just shows how quickly the MM's mark up a ST IC tip. I expect it to be down on Monday and resume the downtrend inline with the PGM basket price.

[pooldar] 17/2/2023 16:31

Today's rise bodes well for next Tuesday.

From IC article:

The production report also revealed that Sylvania has earned $46,4mn of
cash profit across the first two quarters of its 2022-23 financial year,up
from $36.2mn in the same period in 2021, on slightly higher net revenue of
$70mn. This will become apparent when the group reports its interim
results on Tuesday, 21st of February. Sylvania is set to report 32 per cent higher
net profit of $32,2mn.

[juuunx2] 17/2/2023 11:08

Just added here great value at this level

[davebowler] 17/2/2023 09:03

.........Summary of article -
Enterprise valuation only two times forecast post-tax profit
Shares offer 10 per cent dividend yield
Highest quarterly production since start of Covid-19 pandemic

[donska] 16/2/2023 17:55

https://www.investorschronicle.co.uk/ideas/2023/02/16/2022-bargain-shares-portfolio-review/

[sheffieldowls] 16/2/2023 14:49

Surely Edison Group is being too pessimistic with regards to future dividends per share when the likely profit and cash position is considered. I can see no reason for a cut in the dividends per share which is being predicted by Edison Group. The final dividend for 2022 of eight pence a share was not predicted by any financial organisation as far as I am aware.

[wsm812] 16/2/2023 12:27

You and many like you with similar trading styles will be doing the same. Hopefully you will still be able to get in at a low price.

[garth] 16/2/2023 11:18

I have traded in and out here a few times. Successfully on occasion, other times not. The underlying cash & the divi yield always feel compelling - but I have tended to watch the direction of travel of the underlying commodity charts in the header when weighing up when to time my entry and exit. Rightly or wrongly, I take them as a crude proxy for sentiment. They haven't been encouraging me to buy of late. I'm sitting on my SLP cash until they show signs of turning.

Just a view.

G.

[wsm812] 16/2/2023 09:58

To quote the great man “Price is what you pay, value is what you get.” I've recently topped up, too cheap by far when below 100p