Sylvania Platinum Share Discussion Threads

[wsm812] 29/9/2023 08:49

80p....it's just a number....why so different from 79P?

This is why technical analysis has a part to play in stock picking and entry/exit points. The psychology of masses of investors is at play. It will be an intersting tussle, one which I hope the bulls win.

[baldrick1] 29/9/2023 08:37

Should break thru 80p soon.

[kennyp52] 19/9/2023 21:12

Snurkle1 .. well worth reiterating as nothing has changed and supply / demand should impact price . We will just have to wait and see if China starts firing up the factories.

[snurkle1] 19/9/2023 11:07

Albeit 6 months old, but still good to bare in mind

[baldrick1] 18/9/2023 19:04

80p resistance level towards 100p

[bountyhunter] 16/9/2023 09:33

Investing.com SLP chat...

[bountyhunter] 15/9/2023 19:05

Cheers but already posted yesterday by davebowler #8266 albeit without the link.

[masurenguy] 15/9/2023 18:50

Sylvania Platinum — Stellar production, guidance beaten

Sylvania Platinum reported excellent production results offset by weak PGM prices. The platinum group metal (PGM) basket price dropped 28% y-o-y because of recessions in Europe and economic turmoil in China. This has resulted in low demand for PGMs especially from China, which is the world’s biggest consumer of PGMs, and de-stocking by Western OEMs. However, Sylvania has been able to limit its FY23 EPS decline to 17.5% through increased production and has kept its dividend payout of 8p per share. Sylvania entered into a JV (Edison report of 29 August), which will see it process PGMs and chromite from chrome ores and will for the first time see Sylvania receiving a chromite concentrate revenue stream on its own account. The 8p/share dividend declared, a ~10% dividend yield, was in line with our forecast. Basic EPS at 17.01c/share was ~6% lower than our forecast. The stock is inexpensive relative to our valuation, especially because of its low risk, in our view, in terms of safety, lower execution risks, labour component and its overall low-cost operating model relative to its peers. Entry into the chromite market could add significant upside if current historically high prices continue.

[soilderboy] 15/9/2023 18:15

The only thing to worry about here, is the instability of running a business in Africa. There's nothing else to worry about.

[baldrick1] 15/9/2023 11:39

Happy to wait for its return to 100p+ :)

[wsm812] 15/9/2023 11:10

80p has been a clear resistance and support level since the end of 2020. Need to break this and stay above to confirm new up-trend.

[js910] 15/9/2023 09:25

Will surely be going above 100p soon

[jackthecat1] 15/9/2023 09:16

spiking up again on very thin volume. Next leg up coming.

[jackthecat1] 14/9/2023 16:27

getting ready for the next leg up imo over the next few sessions. About time

[wsm812] 14/9/2023 15:59

I am waiting for 80p to become a support level and not a resistance one before adding more. It maybe overly cautious, but anything below 100p is still very cheap for this stock.

[baldrick1] 14/9/2023 15:46

It will break thru 80p again

[davebowler] 14/9/2023 12:02

Edison-
Sylvania Platinum reported excellent production results offset by weak PGM prices. The platinum group metal (PGM) basket price dropped 28% yo-y because of recessions in Europe and economic turmoil in China. This has resulted in low demand for PGMs especially from China, which is the world’s biggest consumer of PGMs, and de-stocking by Western OEMs. However, Sylvania has been able to limit its FY23 EPS decline to 17.5% through increased production and has kept its dividend payout of 8p per share. Sylvania entered into a JV (Edison report of 29 August), which will see it process PGMs and chromite from chrome ores and will for the first time see Sylvania receiving a chromite concentrate revenue stream on its own account. The 8p/share dividend declared, a ~10% dividend yield, was in line with our forecast. Basic EPS at 17.01c/share was ~6% lower than our forecast. The stock is inexpensive relative to our valuation, especially because of its low risk, in our view, in terms of safety, lower execution risks, labour component and its overall low-cost operating model relative to its peers. Entry into the chromite market could add significant upside if current historically high prices continue.

[this tea tastes of chicken] 14/9/2023 08:45

Took a position this morning. Lot to like here

[jackthecat1] 13/9/2023 13:12

Best of luck. I have a fair whack in my SIPP, could do with some uplift from here. All good

[baldrick1] 12/9/2023 09:45

I have my 65p average tucked away for another two years..let's see and watch recovery of prices in pgm gla

[jackthecat1] 12/9/2023 09:06

Always good to see Director buying, at any level. Share buy backs to resume too. North from these levels now

[bountyhunter] 12/9/2023 08:01

Sylvania (AIM: SLP) the platinum group metals ("PGM") producer and developer, with assets in South Africa, announces that it was notified on 11 September 2023 of the following transaction by Adrian Reynolds, Non-Executive Director:

-- The purchase of 20,000 ordinary shares of $0.01 each in the Company ("Ordinary Shares") at 80.40 pence per Ordinary Share on 11 September 2023.

[bountyhunter] 11/9/2023 19:54

Platinum deficit forecast for 2023 now over 1 million ounces on strong automotive and industrial demand growth and flat supply
World Platinum Investment Council (WPIC)
2023-09-11 09:38

[faz] 11/9/2023 08:40

When the results were received with a small rise I bought more. Today's price movememnt makes my breakeven figure much more reachable. I am tempted to add again- if SLP can deliver results as they did in such a bear market think what they will o whenthe commodities market turns.

[bountyhunter] 08/9/2023 13:17

Good point zho, so just pick up the IC link from here and it's not restricted..