SP currently up on ex dividend .. interesting |
Ex dividend tomorrow. |
Platinum is not tanking!
It started the year around $920/oz and hit a high of $1020/oz in mid February. The price today is $970/oz and the short term trend is upwards.
Platinum has been in a 5 year consolidation pattern $850/oz - $1200/oz and seems to have coiled around the $1000/oz price.
I believe a weekly close around >$1100/oz will be enough to ignite the price and it will then massively outperform gold.
I have been buying 1oz Platinum coins for a year now and they are very hard to find. All UK bullion dealers are out of stock 90% of the time. The signal is there, just ignore the noise. |
Maybe because platinum is tanking again...977
I'm still optimistic that both silver and platinum are being held down...have to explode soon... |
Share price is stubbornly refusing to move - despite a 1pm 300k share buy at 48p, value £144k. |
I agree husbod....but the price rise was directly related to the platinmu price rise IMO...
Platinum started 2025 at 896...hit 1052 on 13 Feb (up 17%...) and bashed down again 7% in the week since...now thats what I call volatility.
Meanwhile SLP rose 14% to 46.8 in the same period Feb 13 but has stuck c46.5 since...
The Gold platinum ratio was 1.46 4 years ago...its now 3.01...
The Gold Silver ratio was 65 4 years ago; its now 89...
My thoughts are that sooner or later these two Precious Metal substitutes will catch up and, together with gold and copper, the Junior Miners will have a field day...and probably a M&A Fest... |
ceo explained it - they gave an order to the executor for the period. until the period ends - it is a closed period and they can not change their guidance.
i am paraphrasing |
Looks like we're both right rouge.The company certainly hasn't used up the money available for the buyback scheme but by the same token it hasn't bought any shares since 15 January as per the RNS of 16 January (over a month ago - any thoughts on why they stopped the scheme? Maybe, and I hope not, they think the share price could go back down to 41/42p so they can get marginally more shares for their bucks?)So it needs to reinstate the buybacks.This debate reminds me of our time in Atalya and the crate of good quality red you still owe me |
Meanwhile...
Platinum getting hammered again...are people in the US selling platinum and silver imto gold...? |
1,755,000 x 42p x 1.25 is $921k...
I repeat from yesterday's Financial Report:
"Share Buyback of up to $1.6 million continues;"
Its in the RNS that you say you've read... |
Further correction rouge If you look at the statement for the quarter ending 31.12.24 you will see it contains a statement that 605k shares have been bought to that date under the share buyback scheme.Since then a further 1,150,000 shares have been purchased the last two being in small tranches of 25k.This means the total number purchased as at 15 January 1,755,000 which may or may not be the equivalent of the $1.6m stated as being the total amount available for the buyback scheme.I suspect it is.Either way they haven't bought any since 15 January, hence my correct statement that they should reinstate a further tranche of buybacks.No apology needed! |
Correction Husbod...
From the 2nd Quarter Report:
"Share Buyback of up to $1.6 million continues;"
Apology accepted... ;-) |
Delayed reaction to results or tipped somewhere? |
Err yes I do but it appears you don't.The last buy back was the 16 January which is precisely why I suggested that at this price level they should consider reinstating it. |
Platinum and Palladium both up 10% YTD so Q3 should be stronger than H1. |
According to Edison the forward P/E is around 7. Cash adjusted P/E even lower of course. |
Decent update today. We really need to see a marked uptick on the rhodium price and some results from the JV. |
They've been doing a Share Buyback for up to $1.6 million since December...
Don't you read RNSs...?
PS JLP is no longer a platinum share... |
Re the dividend - they intend to weighted 33/67% between interim & final, so in theory should be about 1.5p final, giving projected 2.25p total. This compares to a total divided of 3p for FY 24 (split as 1p interim, 1p final and 1p special). One could argue it is 2.25p current year vs 2p last year. FWIW I don't think they will repeat the special dividend this year, but it's possible. |
Cutting the divi is harsh though |
Great work.I'm not a fan of Ebitda but see businesses being bought for multiples of 6 to 8 times.Even if we said 4 times here then that implies a share price much higher than current. Looked at a few valuation sites: simply wall street fair value 2 pounds |
Current mkt cap = $152.4m, less $77.5m cash gives EV of $74.9m.
Ebitda's
2019 - $30.2m
2020 - $69.6m
2021 - $144.9m
2022 - $82.8m
2023 - $66.0m
2024 - $13.5m
So valuation is 1.1 x average ebitda of last 6 years, with nothing in for Thaba. |
Maybe they can use that for mine improvements....earnings enhancing |
Why cut the dividend, just to save $820k, when you have $77.5m in the bank? |
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