Sylvania Platinum Share Discussion Threads

[johnrxx99] 17/5/2023 04:33

Sharescope show current PE of 5.1 and rolling 5.47 with yield of 7.58%.

Don't know how they treat cash

[leopoldalcox] 16/5/2023 22:03

P.s. mine isn't cash adjusted

[leopoldalcox] 16/5/2023 21:29

Show your workings

[justiceforthemany] 16/5/2023 20:11

You need to adjust for cash.
You will also need the current market cap and shares in issue figure.

[leopoldalcox] 16/5/2023 19:39

I would like to see his workings. I get a p/e of about 12-14 depending on a couple of variables

[justiceforthemany] 16/5/2023 16:51

Mr Thompson has the P/E at 3? I was near enough with 4.
Not sure who would take it over but given more than half the market cap is in cash would make a great acquisition for someone. ?Anglo American given it is already in SA. Pocket change for them also.
Any bid would have to be in the region of 140p-150p

[zho] 16/5/2023 14:16

Sylvania's 10% yield could make it London's lowest-rated stock

The platinum producer trades on a cash-adjusted PE ratio of 3 and is also a takeover target

May 16, 2023
By Simon Thompson

[scubadiverr] 16/5/2023 12:57

According to THS, they state there is a single large seller. This could maybe be Russia, or China letting go of reserves. I don't know and can't find further information. Aside from this though the macro environment will be the taking it's toll with reduced demand and production of vehicles. Hopefully this will change in the coming months

[maty] 16/5/2023 12:35

Thx yes I see .. why rhodium going down ?

[zangdook] 16/5/2023 11:33

They've all been fairly stable for the last month. Perhaps the market is looking forwards to something

[scubadiverr] 16/5/2023 09:50

Rhodium, rhodium & rhodium. Then add a little platinum and palladium price action into the mix

[maty] 16/5/2023 09:42

Someone pls tell me why this share is dropping ..Must be some inside news about production or something like that related to sth Africa in my opinion

[bagpuss67] 16/5/2023 06:42

Is that a 12-13% yield at these prices?

[haywards26] 15/5/2023 23:23

Strange that there has not been more buyback announcements..

[bountyhunter] 15/5/2023 20:34

Re the buybacks, from the 2 May RNS:

"The purpose of the Share Buyback is to reduce the share capital of the Company. The Share Buyback will be done under the terms and authority of the Company's Bye Laws and all Ordinary Shares purchased will be cancelled."

[bagpuss67] 15/5/2023 09:27

The platinum market is expected to chalk up its largest deficit since records began in the 1970s as supply falters in South Africa and China’s industrial expansion powers ahead. From FT article today

[soilderboy] 14/5/2023 17:22

Yes. It's just for tax reasons and nothing else.That's why huge uk operations with company head offices overseas get slated for paying little or no tax.

[bountyhunter] 14/5/2023 14:14

Does the HQ being in Bermuda affect taxation? I guess there must be a reason for that.

[epicsurf] 13/5/2023 21:53

Buybacks also avoid SA dividend withholding tax which is a payable on dividends to non residents. Full year results for 2022 amounted to a $1.3 million tax on dividends of $22.7 million 
Dividends paid by one resident company to another resident company generally are exempt from dividends tax. Dividends paid to individuals, trusts, and foreign persons are subject to a 20% withholding tax (subject to the provisions of an applicable tax treaty).

UK tax treaty
Lower rate of 5% applies to a beneficial owner that is a company and has a minimum holding of 10% of capital. Lower rate of 10% applies in all other cases. 15% rate applies to all dividends from property investment companies.

[bountyhunter] 13/5/2023 20:46

They are if they are reissued. Cancellation prevents that.

[jw330] 13/5/2023 14:15

i can see where Liberum got their estimate, it is based on historical FCF yield...what is the probability that the economy will slow and collapse the PM markets? The share price seems cheap as long as the global economy and demand holds up I think....

[sheffieldowls] 13/5/2023 11:50

slopsjon2

Thanks for this information. I need to think about this matter and not think about football at present!!!!!!LOL. I wish the share price would improve as I am under water by hundreds of thousands of pounds at the current share price for this company.

[slopsjon2] 13/5/2023 09:35

Liberum target price 125p was 150p
Edison valuation 173p

[sheffieldowls] 13/5/2023 00:20

Justiceforthemany

Who said that the shares were worth over 150p a share please may I ask you?