Sylvania Platinum Share Discussion Threads

[slopsjon2] 27/7/2023 10:32

Also $13.7m in taxes.

[stemis] 27/7/2023 10:17

Suprised how low the cash is. At the interims it was $124m. In H2 net profit was $9m, depreciation about $2m and capex $8m, so cashflow of $3m. During H2 they paid a dividend of 3p/share (=$9m) and bought back around $4m shares, so net outflow of $10m. Cash was up $1m overall (although down $20m on Q3) so around $11m released from working capital. That's lower than I'd expect as receivables at H1 were $55m and basket price is down 40-50%. Could be a timing issue, will have to wait to see balance sheet to find out...

[kennyp52] 27/7/2023 10:00

Investors still not “tempted”; just missed out on 5% with a very real chance of steady rise from here as PGMs recover

[xasy] 27/7/2023 09:12

Masurenmoron making an idiot of himself again.

[spawny100] 27/7/2023 09:12

Am I correct no dividend withholding tax here? Looks interesting.

[leopoldalcox] 27/7/2023 09:06

I get a cash-adjusted p/e of about 8 if I annualised the quarter's results. I would like to think this is the bottom for the basket, and should be upside from here. Still, not tempting for me at these levels. May buy back in if I see good movement in the commodities

[masurenguy] 27/7/2023 08:52

Well, circa half the market cap of £199m is cash and at a dividend of 11p the current yield at 71.5p is over 15%!

[mwj1959] 27/7/2023 08:43

Share price weakness will be reflecting that and at that level we're still looking at a yield of just under 13%. Agree that the update was good given the weakness of underlying commodity prices.

[slopsjon2] 27/7/2023 08:28

9p is what i'm expecting.

[zangdook] 27/7/2023 08:17

If the policy is "an interim dividend equating to one third of the forecast full dividend" and interim was 3p then the current yield should be taken as 9p, not 11p, if you ask me.

[justiceforthemany] 27/7/2023 08:14

Cracking update!

[mwj1959] 27/7/2023 08:14

The current yield is based on 11p worth of dividends (8p final and 3p interim). The New Dividend Policy is to pay out a minimum of 40% of adjusted free cash flow for the financial year. Adjusted free cash flow is the calculated cash flow from operating activities less capital expenditure for the reporting period, adjusted for debt commitments and covenants and committed future growth/expansion capital. 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. The payment of dividends remains at the discretion of the Board. No guarantee that the final dividend will be the same as last year, so we need to understand that just because the trailing yield is just under 16% does not mean that the prospective one will be same. However, even with a lower FCF they do have wiggle room to match that with cash.

[greyingsurfer] 20/7/2023 12:44

All depends on your prediction for the final div, have to wait till Sept to find out.

[deme1] 20/7/2023 10:06

Google finance will give a more accurate divi value IMO

currently - 15.95%

[devilsprofessor] 20/7/2023 08:47

How did you get to that figure?

[adejuk] 20/7/2023 07:32

divi 17% ?

[justiceforthemany] 19/7/2023 19:46

Inflation is coming down quickly across the globe. Rate hikes are over/almost done. Weaker USD and higher growth should lead to a higher basket here.

Update within the next week.

[kennyp52] 18/7/2023 23:49

Could fly very quickly . Platinum reported to be in short supply . share price on the floor .. wish I’d waited a little longer but happy at my buy ins. Yield at these prices is just ridiculous .

[justiceforthemany] 18/7/2023 23:22

Yes it is. Rhodium is up 10% off the lows to ~ $4400; platinum and palladium are also up.

hxxps://www.metalsdaily.com/live-prices/pgms/

[bountyhunter] 14/7/2023 22:05

That's a bit out of date.

[stemis] 14/7/2023 20:20

Tharisa tweet their basket price on a regular basis and the Rhodium price on 10 July was $3,462.08

[bountyhunter] 14/7/2023 20:09

dougmachin

For the Rhodium price JM says 4350



Kitko says 3450 bid 5450 ask which would equate to 4450 mid



The Kitko price is close but not the same.

In my view the JM link is much easier to follow for PGM related commodities, especially on a mobile device. Many on here have questioned the Kitko price and chart for Rhodium previously, maybe it's correct but the presentation is poor.