Sylvania Platinum Share Discussion Threads

[pooldar] 09/2/2024 15:06

Now pd less than pl.
Pd $865.
Pl $877.

[rabiddog] 07/2/2024 22:08

It’s the price of metals in 6 months that counts. Slp have also got exploration dice roles which have zero credit on the share price. Pays your money takes your choice. So I would say, if this is a sector you want to be in, thinking 6 months + ahead then Slp management are renowned as being extremely investor friendly

[pooldar] 07/2/2024 15:29

Price of metals keep falling not helpful at all.

[wsm812] 07/2/2024 15:05

Dated 05/01/24 - a good and reassuring read

[kaos3] 07/2/2024 14:27

Can you comment on the fact that they must build second processing leg. Paying 100% for 50% effect. Or similar. This will dent their cash pile and focus on the present operations. Plus it could mean increased operational costs for a few years.

Meaning i am.holding back buying as this above has to crystalize first. It does not depend on pgm prices as.most claim imho

Above is generalized. Not factual. But idea holds imho.

[bountyhunter] 07/2/2024 14:00

Letting us out now! Really.

“The stock market is a device for transferring money from the impatient to the patient.”

Warren Buffet net worth 128.7 billion USD

[baldrick1] 07/2/2024 12:05

I think they're letting us out before 44p forecast

[mjneish] 06/2/2024 18:58

The niggling little ups and downs don't matter. What we need to see is a trend upwards and right now there's absolutely no sign of that.

[justiceforthemany] 06/2/2024 13:15

Basket price is actually UP today

Investor Relations
[e-mail]

[bountyhunter] 06/2/2024 11:09

They obviously want to get in cheaply; I could say it's a buy now and we both would be guessing based on our own positions. I agree with SoldierBoy.

[baldrick1] 06/2/2024 08:19

Someone at lse chatter mentioned a buy of 44p

[soilderboy] 06/2/2024 08:10

This is still very cheap.

[leopoldalcox] 05/2/2024 23:28

Sorry, mjneish 's figures. But these are actually the companies own reports for Q1 and Q2

[leopoldalcox] 05/2/2024 23:26

Net profit H1 is $3.4m, by the companies own figures. It will take a big turnaround in H2 to make those. I'm not saying it won't happen, but there must be a lot of assumptions in those forecasts that may or may not come to pass

[slopsjon2] 05/2/2024 22:31

Net Profit forecasts

Liberum $32.5m
Edison $28m
Stockopedia $28m
Sharepad $28.7m

[leopoldalcox] 05/2/2024 21:19

Taking Shrout's metrics below, in which he has extrapolated the recent results

[slopsjon2] 05/2/2024 19:12

Where are you getting a PE of 11 from?

Liberum 5
Edison 7.6
Stockopedia 6.5
Sharepad 6.5

[leopoldalcox] 05/2/2024 17:13

This is just the point mjneish. Personally I think net cash should be deducted, but not fully. The cash is worth less to me in their bank than mine. A PE of 11 is not good in this sector currently. Compare it to Tharisa, or the goldies.I still hold some Tharisa as it's diversified into Chrome, and probably has greater upside from a PGM rally with the existing ops plus Karo

[leopoldalcox] 05/2/2024 17:09

I take all those Stockopedia / sharepad forecasts with a heavy pinch of salt. Particularly for small caps that don't have decent analyst coverage

[maty] 05/2/2024 16:33

Don't understand .. inside knowledge I suspect .. may get out

[shrout] 05/2/2024 16:16

Stockopedia currently has SLP with a forward P/E of 5.5 and a value rank of 95. It also qualifies 8 of their `Long` screens.

At some point sentiment must turn for this one.. just not sure when.

[mjneish] 05/2/2024 15:29

Net profit for the last two quarters was $1.8 million and $1.6 million, which is about £2.7 million altogether.

If the figures remain the same, that's £5.4 million for the year and so a forward PE ratio of about 27.

However, their cash balance last time they reported was about £85 million, so subtracting this from the market cap and recalculating the PE ratio, it's more like 11. I may well have misinterpreted the figures completely for all I know. To me it looks cheap now, but not spectacularly so given the continuing uncertainty surrounding the PGM market.

(I say this with SLP forming 5.3% of my portfolio.)

[baldrick1] 05/2/2024 14:31

Will need to increase production revenues while trying to cut costs.

[baldrick1] 05/2/2024 14:20

43-45p my target.to buy back in.. cash erosion is a risk factor.

[bountyhunter] 05/2/2024 12:48

"Sylvania ups earnings"

"Group earnings before interest, tax, depreciation and amortisation increase to USD4.4 million from USD2.8 million. Company says it maintains strong cash reserves to fund its expansion and joint venture initiatives. Thaba JV project is progressing on schedule, with construction of earthworks and civil works package having started in December."



Earnings up but share price down, further!

And no debt with a healthy cash balance.