Sylvania Platinum Share Discussion Threads

[davebowler] 29/5/2024 07:34

Johnson Matthey publishes latest PGM market report?9 May 2024 - The PGM markets will remain in deficit in 2024, according to Johnson Matthey's (JM) latest PGM Market Report

[davebowler] 17/5/2024 21:32

All time high for Gold, 10 year high for Silver and 1 year high for Platinum.

[zho] 15/5/2024 13:58

South Africa’s Economy Is Deeply Troubled. It Could Get Worse.

A populist turn in one of the continent’s largest economies could lead to inflationary policies that scare off investors.

[parttime] 11/5/2024 19:32

Apologies if already posted.

''..Platinum prices traded around $980 per troy ounce, rebounding from $900 a week earlier as a series of job cuts and expected mine closures for South Africa top producer is leading to a supply deficit. Analysts expects that the declining platinum output will support its price in the future where according to The World Platinum Investment Council, it is expected that platinum will be in an average annual deficit of 500,000 ounces until 2028.''

hxxps://tradingeconomics.com/commodity/platinum

[davebowler] 10/5/2024 08:04

Liberum quotes it too..
The “PGM market Report” by Johnson Matthey was released yesterday that estimates all the key platinum group metals remain in deficit for 2024, albeit shrinking for palladium (9.8% to 3.7% of supply) and rhodium (12.7% to 6.5%). This is despite Johnson Matthey expecting a bearish 5% decline in light duty ICE vehicle production. They openly admit this forecast is vulnerable to upgrades. Further reenforces our bullish view on both palladium and rhodium. Chunky deficits persist on shrinking stockpiles Johnson Matthey continues to paint a bullish outlook for the market with deficits in platinum, palladium, rhodium and ruthenium in 2024 (only iridium remains in surplus).

[kaos3] 09/5/2024 13:33

Thank you for the above. Superb reports. Huge reading. But it clears up my slp attitude.

I will not be rushing adding.

Just imho

Before that i planned adding.

To put it in simple terms - ice as the main buyer is stagnating. Despite market deficit i learned that such a condition can persist for long years and we are only few years in.

Russians need cash and are feeding china full speed. Making china non buyer else where.

SA is starting to refine again in full etc so wil be able to ship more.

Again - Superb and fair reading. Half way through

[wsm812] 09/5/2024 10:48

hxxps://www.cambridgenetwork.co.uk/news/johnson-matthey-publishes-latest-pgm-market-report-2024

replace the xx with tt in the above address

[davebowler] 08/5/2024 14:16

htTPs://goldbroker.com/charts/platinum-price/try

[leopoldalcox] 07/5/2024 19:58

Oh yeah, what's the chart in Turkish lira?

[davebowler] 07/5/2024 12:40

Platinum , in JPY is close to a 5 year high....hTTps://www.bullionvault.co.uk/gold-price-chart.do

[slopsjon2] 03/5/2024 12:05

Edison note:

"Sylvania has maintained annual production guidance despite Q324 results being affected by a 22-day strike, resulting in 10% lower production. The PGM basket price was stable during the quarter, with positive platinum momentum offset by palladium weakness and rhodium prices stable. Operating costs increased by 5.6%, in line with expectations. FY24 production guidance is for 75,000–76,000oz, despite the challenges in Q324. Our PGM outlook is unchanged from our moderated forecasts earlier in the year. We have cut our FY24 EPS forecast by 2.2% from 7.4p to 7.2p on the Q324 miss, but have lifted our FY25 and FY26 forecasts slightly on the back a share buyback programme reducing the number of shares in issue. The company announced a special dividend of 1p/share following the sale of its Grasvally Chrome Mine for US$6.2m. We have lifted our valuation slightly to 120.0p/share due to a slightly weaker sterling and lower number of shares in issue, but have made no change to the carrying value of the exploration assets."

[wsm812] 03/5/2024 10:42

Wouldn't it be great to know the answer Pratt2 - however, the best we can do is our own research to identify value. Below is a good start for you:

hxxps://www.tipranks.com/stocks/gb:slp/technical-analysis

[pratt2] 03/5/2024 10:23

Any chance an MBO or a takeover may happen here at these suppressed levels and an outlook of commodity prices likely to go up? Big cash pile too... I would've thought someone would want to capitalise on the value here?What am I missing, from any of the regulars here please?

[davebowler] 30/4/2024 07:16

[e-mail] Tom Price Research Analyst [phone] [e-mail] Yuen Low Research Analyst [phone] [e-mail] Sylvania are declaring a special 1p dividend after early settlement of the Grasvally loan ($6.2m), on top of the interim of 1p, and we expect a further 2p at the full year results. Guidance has been maintained at 74-75koz of 4E PGMs for FY24 despite a 22-day strike at the Western operations during the quarter resulting in production down 5% QoQ. We are leaving our forecast of 74.9koz unchanged and remain optimistic on PGM price outlook.

[bountyhunter] 30/4/2024 06:40

That's a surprise!

The Company received early settlement of the loan and sale price relating to the sale of Grasvally Chrome Mine (Pty) Ltd amounting to an equivalent of $6.2 million.


The Board is very pleased to declare that a portion of the proceeds received will be distributed to shareholders as a special dividend in the amount of 1p per Ordinary Share, amounting to approximately $3.3 million, payable on 7 June 2024. Payment will be made to shareholders on the register at the close of business on 10 May 2024 and the ex-dividend date is 9 May 2024.

[kaos3] 30/4/2024 06:34

Yes. But difficult environment

[justiceforthemany] 30/4/2024 06:23

Special dividend.

[xasy] 27/4/2024 05:14

maybe or maybe it's a rounding error in a long term downtrend

the kiss of death from masturbatorguy won't help

[death by donut] 26/4/2024 18:23

Don't ask me , I barely know to use the app !!DbD :-)

[andrewhbruce] 26/4/2024 15:11

Charts would be good pl!