Sylvania Platinum Share Discussion Threads

[zangdook] 30/6/2023 08:30

1,054,500 shares bought back in one day. Nice to see a buyback being taken seriously like that.

[rabiddog] 29/6/2023 10:55

I’d say it was more likely to double than half…by the way both unlikely in the near term.

[martin cadd] 29/6/2023 10:44

Mind you, it is already and giving me a pretty decent yield now!

[martin cadd] 29/6/2023 10:40

Be a fantastic yield if it did. It would be an income pension for me!

[rcturner2] 29/6/2023 09:31

This share could easily halve from here to 40p.

[thejonah] 28/6/2023 22:46

But the Rh and Pt prices keep falling, which is very concerning, I am out for now

[soilderboy] 28/6/2023 17:57

I just can't stop buying these shares. Keep thinking the ship will turn. Good value to me.

[justiceforthemany] 21/6/2023 23:12

Depreciation of the Rand should help recover some of the margins.

[rabiddog] 20/6/2023 15:19

Yeah boring but staying. Cheap as chips

[adejuk] 19/6/2023 16:33

jeez
this is exciting - exiting

[solarno lopez] 17/6/2023 16:11

They no longer exist is a better way of putting it

[bountyhunter] 17/6/2023 15:50

Actually the point I was making was that bought back shares which are cancelled as is the case here with SLP are not available for handing out to directors at some point in the future as they are not held in treasury.

[dougmachin] 17/6/2023 14:56

Directors in all listed companies award themselves shares all the time.
Sometimes deservedly, many times a bonus for a-not-very-impressive-performance!
Awarding shares and buybacks are 2 separate, mutually exclusive events.
Better to get the shares bought back (and cancelled).
Proportionally, we're better off post buyback.
DM

[bountyhunter] 17/6/2023 13:10

The SLP bought back shares here are to be cancelled. When that is not the case they can be handed out to directors as future bonuses but not in this case.

[creditcrunchies] 16/6/2023 20:48

I've never seen a successful buy back in this market every one I've seen is cash p'd up the wall, after the by backs the share price falls and the directors then award themselves extra shares as a bonus. Bloody con I reckon

[adejuk] 16/6/2023 15:43

not so gai.
keep up.

[gaiusgracchus] 16/6/2023 12:53

Buybacks fighting against worsening political amd economic situation in SA.

[adejuk] 16/6/2023 12:13

it could get really interesting if the buyback is over a mill.

[blippy3] 14/6/2023 17:01

I'm generally suspicious of buybacks. Buybacks tend to be pro-cyclical (i.e. they occur when the share price is high, which is the wrong time to buy). However, at a PE of 7.5, the price looks cheap, assuming that profits don't go down steeply from here. So on the face of it, it looks like a good move. Time will tell.

One advantage I'd say about SLP in particular is that there is huge geopolitical risk (in addition to commodity price risk, of course). In a sense, the buybacks represent a top-up on our behalf without us having to put down more dough personally.

I hold.

[sheffield owls] 14/6/2023 10:49

I would be very reluctant to sell my significant holding in this company with the yield likely to be in excess of 10%. I have decided to be a long term shareholder and let me executors sort out selling my shares when the times comes and until then I am going to enjoy the large dividends and let them fund my extended stays in Florida!!!!!LOL.

[kennyp52] 14/6/2023 10:17

Oh and by the way .. I think this is a tremendous entry point for new investors. As you say we still need the PGM prices to improve .. that is the key and the doubt atm.

Maybe they could diverse into gold recovery as a hedge !

[kennyp52] 14/6/2023 10:14

I agree with you boys .. but I don’t want to have to hold a share for 10 years before realising the profit I’m looking for . Long term imho is for institutional investors .. most private are looking to get in and out. The danger also is that “added” value only equates to the lost dividends they could have been paying alternatively . So it’s all perspective but we are both right 🤨