Sylvania Platinum Share Discussion Threads

[farrugia] 11/9/2024 07:40

i've doubled down this morning.

[wsm812] 11/9/2024 07:30

MMs rubbing their hands this morning no doubt. Lowered the offer in expectation of sells and boom!

They will not be taking any of mine for this ridiculously low price.

[maty] 11/9/2024 03:54

Great little company and good management ... dependent on PGE prices Normally the market adjusts and the price curve rises as production is decreased across the loss making mines Hopefully we are at the bottom of this curve ... maybe not a buy now but one to hold or keep an eye on In y opinion

[justiceforthemany] 10/9/2024 19:56

Rhodium $4,925 1 year high, +10% year on year
Platinum +5% year on year

[mfhmfh] 10/9/2024 18:31

Rhodium price highest it's been since October last year I think.

[zangdook] 10/9/2024 17:33

There ought to be a law.

[rcturner2] 10/9/2024 17:13

Christ this has been a sell for a long time.

[oliver_m_j] 10/9/2024 15:59

Simon Thompson at Investors Chronicle is now encouraging readers to sell SLP: I feel that the share price could continue to slide as investors react to lower dividend expectations, materially higher capital expenditure plans and a lower cash pile that will negatively impact the group's enterprise valuation. I am also becoming concerned that despite PGM prices being firmly in the cost curve, major mining groups have yet to restrict supply to tighten the underlying supply and demand balance in the market and force original equipment manufacturers (OEMs) to change their inventory management. Sell.

[kaos3] 10/9/2024 15:03

i adore their english. so close to my slovenian. same accent.

[rcturner2] 10/9/2024 12:38

Well this is currently making new multi-year lows but apparently everything is great according to the overexposed bulls on here?

[tigerbythetail] 10/9/2024 12:06

888 - a little history for you, JLP "stole" employees from SLP to get into the PGM / chrome business. You've got it the wrong way round.
And in every way SLP is a far more serious operation.

[888icb] 10/9/2024 11:24

They are clearly following in the footsteps of JLP who are one of the biggest chrome producers in the world. Chrome produces most of JLP’s profits as the PGM prices remain low. A very sensible move by SLP.

[wsm812] 10/9/2024 10:51

This is oversold for sure. No cash to buy, but no way will I be selling.

[apfindley] 10/9/2024 10:42

Rhodium price up again today and gaining strength over the past few months making a slow but obvious rise.

[rabiddog] 10/9/2024 10:18

Yep probably near the bottom. Cash still bout 50% of market cap so will underpin this. Admittedly PGM prices are biggest lever on price and they are a bit in limbo at the moment. Happy to hold, pick up the divis, see if PGM picks up.

[slopsjon2] 10/9/2024 09:36

I'm out after a number of years with a profit, but most of that is from dividends. The target price from the researchers has been steadily reducing from around 180p to Liberum reducing from 87p to 69p today. Not enough risk reward left now, but I have probably sold near the bottom as usual.

[loganair] 10/9/2024 08:55

The dividend for the year is down 62.5% on the previous year.

[masurenguy] 10/9/2024 08:19

True CreditCrunchies but they still have £75m in net cash - circa 60% of market cap of £129m - versus £63m in sales and £5.5m in net profit. That means that it has an EV of circa £54m, nearly 30% below net cash, which is absurd for a company that is also still generating further net cash too.

Looking ahead the CEO stated "With the continued buoyant demand and pricing of chrome, I am pleased with the significant progress on the development of the Thaba JV Project which is progressing well, with first PGM and chrome production expected in HY2 FY2025. This is a very exciting development for the Company as it is an important step towards our further growth and diversification strategy, where we will be adding an attributable annual production of approximately 6,800 4E PGM ounces and introducing 210,000 tons of chromite concentrate and chrome income to the existing production profile and revenue stream respectively."

At this price it looks like a top up/buy to me !

[creditcrunchies] 10/9/2024 07:37

Awful results

[justiceforthemany] 10/9/2024 06:48

March 2025 confirmation for Thaba start up/Chrome revenue added.

[kaos3] 10/9/2024 06:36

new presentation - last slide about basket price predictions - very grimm picture imho

no wonder they are going into chrome. imho we are going into a range trading around 50p

[justiceforthemany] 10/9/2024 06:27

Basket price improving with Rhodium up near $5,000
Additional Chrome revenue from 2025.