Sylvania Platinum Share Discussion Threads

[justiceforthemany] 11/3/2024 12:29

PGMs rising

[soilderboy] 09/3/2024 06:32

Even SLP can't resist a bargain. Tells you something.

[bountyhunter] 08/3/2024 16:31

Gold has hit an all time high today which might help previous metals generally.

[justiceforthemany] 08/3/2024 13:41

Latest US data furthers rate cuts imminent.
PGM basket has bottomed.

[bountyhunter] 07/3/2024 19:25

It can be more than 25%, it says so in the RNS:

"a buyback of Ordinary Shares on any trading day is likely to represent a significant proportion, or possibly all, of the daily trading volume in the ordinary shares on the London Stock Exchange (and is likely to exceed the 25% limit of the average daily trading volume as laid down in Article 5(1) of Regulation (EU) No 596/2014)."

Presumably 'EU' regulations can now be ignored!

[martinfrench] 07/3/2024 14:11

zangdook,

if its anything like the tsx its 25% of average volume for the limit

[justiceforthemany] 07/3/2024 11:23

Palladium +12% past 24hrs.
Platinum and Rhodium also ticking higher.

[ramellous] 07/3/2024 09:10

Supply and demand fundamentals remain supportive for platinum..

[baldrick1] 07/3/2024 08:31

Nice rise yesterday and today

[bountyhunter] 07/3/2024 07:38

Yes the same again yesterday

on 6 March 2024, acquired 150,000 Ordinary Shares of $0.01 each in the Company ("Ordinary Shares") from the market at an average price of 53 pence per Ordinary Share, placed into Treasury pending cancellation.

[zangdook] 07/3/2024 07:11

I wonder why they buy the same amount every day. Do they have a daily limit?

[rcturner2] 07/3/2024 07:04

ITV is about to begin buying back 10% of its shares. It will be interesting to see there what it does to the share price ITV shares currently yield over 8%.

[thecroots] 06/3/2024 21:59

blimey. palladium up nearly 12% and platinum up 3%

share buybacks can be good. had it with SHOE and it did wonders for the share price

[justiceforthemany] 06/3/2024 16:40

Agree. <5% of shares issued but every little helps.
PGM price should rise with rate cuts that are not too far off now, we are in official Spring now...

[creditcrunchies] 06/3/2024 09:07

Good move buying back at these low levels

[bountyhunter] 06/3/2024 07:23

More buybacks yesterday...

Sylvania (AIM: SLP), the platinum group metals ("PGM") producer and developer with assets in South Africa, announces that the Company has, on 5 March 2024, acquired 150,000 Ordinary Shares of $0.01 each in the Company ("Ordinary Shares") from the market at an average price of 51.5 pence per Ordinary Share, placed into Treasury pending cancellation.

[kaos3] 06/3/2024 07:09

i like BBs if the math is ok

no one can argue with the math

simples

all else is the opinions

PSc i like SLPs fairness regarding BBs. they stopped it when they saw the math is not ok. now they are going at it again. superb, simple, modest, rich, safe

[zangdook] 06/3/2024 02:36

'never' is an overstatement, unless you're just referring to SLP. They had a dramatic effect at PHSC, though that is a very different case.

[pooldar] 06/3/2024 00:54

Buybacks although sound good in theory, have never worked out long term in favour of the pi or the share price

Most of the previous buybacks were done at a much higher price.

It would have been better if they increased the dividend instead and made the share price more stable longer.

[bountyhunter] 05/3/2024 20:04

Nice idea but probably not allowed for the reason Mak has suggested.

[makinbuks] 05/3/2024 13:47

I think that would potentially create a false market

[loganair] 05/3/2024 13:36

When it comes to share buy backs I would like any company to say the maximum they are willing to pay to buy their shares and if the share price goes above this maximum then the share buy back stops until the share price falls back under this maximum price.

[bountyhunter] 05/3/2024 13:28

I agree.

Another 150,000 @51p were bought back yesterday for cancellation.

[rabiddog] 05/3/2024 08:22

I prefer buybacks at this level. Think it’s also a strong statement of confidence from management in terms of future sector health.