Sylvania Platinum Share Discussion Threads

[dosser50] 23/2/2024 15:46

Just bought in at 49.6p. Onwards and upwards.

[adejuk] 23/2/2024 14:47

fegger. better than well done|!
your patience is a lesson to us all.
sadly, i think i don't have ano 5 years :-(
still hold 6ok at ave 67p.
i'll see.

[zho] 23/2/2024 14:12

NED buys 60K shares to take her holding to 130K

[fegger] 23/2/2024 08:58

I have held Sylvania shares for exactly 5 years buying and selling a few along the way. Still hold a good block of them. Did the overall maths today which I've not done before.

Value of total shares bought £24616
Value of total Shares sold £9995
Dividends received over 5 years £15971
Value of current shares in market £29233

Therefore for an investment of £14621 I have had a return of £45204 over 5 years.

Shows what a good investment this has been. I am happy to hold and will buy a few more over the next 6 months.

[bountyhunter] 22/2/2024 20:21

From the above IC article today:

"Given the strength of the chrome price, analysts at Liberum believe that the JV could ultimately deliver 80 per cent of group revenue at current spot prices. They also note that Sylvania is exploring a similar JV opportunity on the Eastern Limb, adding that the pull-back in PGM prices relative to chrome may help move the agreements along."

and then right at the end:

"an expected recovery in PGM prices should deliver strong capital upside as highlighted by Liberum’s target price of 96p. Recovery buy."

To read in full without subscribing just click the link below then long press the article heading opening in an incognito browser..

[meanreverter] 22/2/2024 20:04

IMC presentation by Jaco Prinsloo:

[bountyhunter] 22/2/2024 18:49

Cheers, clickable

[oliver_m_j] 22/2/2024 16:09

Sylvania Platinum looks like a recovery buyhttps://www.investorschronicle.co.uk/ideas/2024/02/22/sylvania-platinum-looks-like-a-recovery-buy/

[meanreverter] 22/2/2024 15:57

The key chart in the presentation



is on slide 26. This shows that most South African PGM producers (not SLP!) are loss-making. If PGM prices stay depressed, there will be many closures, which will bring about a recovery in the prices.

[faz] 22/2/2024 15:39

Company getting 5% on cash investments (investor Meets COmpany)

[gekks] 22/2/2024 14:59

Down 7.5% yet buys / sells not hugely different 1.57M v 1.94M .

[zho] 22/2/2024 14:57

Investor Meet Company presentation just about to start.

[justiceforthemany] 22/2/2024 14:54

Palladium and Platinum prices are both up strongly today.
If you're a long term investor no reason to sell here.

[bountyhunter] 22/2/2024 12:50

It's a bit tricky finding a PGM chart that can be posted. Anyone have a link? It would have to be a graphic chart.

[the oak tree] 22/2/2024 12:02

Its also worth noting a global view is needed when it comes to car use and any metals needed.

Perhaps in your country electrify cars is happening but there are many other countries where one can imagine the demand for petrol cars will increase substantially. Yes those too will go electric but that will take much longer than western countries , which arent going that fast in their roll out.

Think of India and China car ownership. Their polution laws will be updated as the countries gain wealth. For example the whole of the UK could go EV tomorrow and I doubt it would make much change to our basket prices. However if china and India increase conusulption of these metals.......well its a needle mover.

Its going to take awhile though.....till then I'll take the dividend.

[loganair] 22/2/2024 11:55

Just to know PGM's are some of the most hated commodities at the moment and will still be very much needed for at least the next 25 years therefore they're going dirt cheap at the moment.

[muffster] 22/2/2024 11:23

Can anyone post charts or suggest a good site to review PGMs

[tigerbythetail] 22/2/2024 10:33

It's worth remembering that PGMs have uses far beyond catalytic converters in ICE engines.
Yes, most palladium and rhodium goes to the automotive market. But that's not true of the other metals.
Platinum and iridium also have key roles to play in "the hydrogen economy", assuming that does develop fully. In particular, SLP produce a fair amount of iridium, an incredibly rare metal worldwide, and one which plays a key role as a catalyst of hydrogen hydrolysis. I expect its price to spike at some point - but when I don't know.
And, yes, I think the phase out of ICE engines (including hybrids, which are heavy users of PGMs) will take far longer than people think. Apart from anything else, where is all the lithium required coming from?

[loganair] 22/2/2024 10:17

What I see is happening, that because the governments say, the markets believe by 2035 PGM's will hardly be needed as there will be virtually no ICE vehicles on the road therefore little need for PGM's when in reality most probably 50% of all vehicles being manufactured and sold in 2035 will still be ICE and even by 2050 ICE's will make up 50% of all vehicles on the road.

[creditcrunchies] 22/2/2024 10:01

Put it this way if Rhodium goes up the revenues in SLP go up in multiples very quickly it looks like Rhodium is going sideways on a bottom for quite a while now.

[leopoldalcox] 22/2/2024 09:42

At some point this does get interesting. I can understand those buying now, but personally I'm waiting for an increase in PGMs. If they maintain their 1/3 and 2/3 divi split, this has a decent yield for those willing to wait

[tigerbythetail] 22/2/2024 09:41

Considering the dire state of the PGM market, those are good results.
As always, the cure for low prices is low prices - the first shaft closures are already being announced in the PGM space. Eventually prices will turn and SLP as a well-run cash-rich low-cost PGM producer (not quite a miner!) will benefit.
Some diversification here would be welcome, and it's understood these shares will always trade at a discount because it's South Africa. But I was happy to buy in this morning.

[leopoldalcox] 22/2/2024 09:40

No need. Sorry, hadn't had my coffee. There's a lot of rubbish on these boards, but your post wasn't one of them.

[rabiddog] 22/2/2024 09:39

To be fair it’s a reasonable shout..I’ve accidentally done exactly the same when I’ve pulled figures from a couple of sources. I sold 2/3 of my holdings back end of last year (unfortunately not at the peak) purely on basket price metrics. Looking at rhodium projections it looks pretty flat for the next few years but geo political factors all over the place at the moment so who knows.