Sylvania Platinum Share Discussion Threads

[stemis] 11/9/2024 11:47

Market cap of circa £113m with £75m cash and net profit of £5.3m.

Around half the profit is interest on the cash. You can't count it twice.

[justiceforthemany] 11/9/2024 11:46

Edison have a 4.2p dividend for 2025 so a 10% yield at this share price

[husbod] 11/9/2024 11:38

Not sure whether the existing authority has been fully utilised and/or whether a further authority needs to be in place in order to recommence the buy backs

[apfindley] 11/9/2024 11:02

If they haven't done some chunky buybacks today, then they've missed a trick.

[masurenguy] 11/9/2024 10:58

AISHAH, looks like it could be 4p this year, which would be a yield of circa 9% at the current shareprice.

[rabiddog] 11/9/2024 10:31

Varies based on cashflow(policy is 40% of fcf)..they’ve just paid 3p out last financial year.

[aishah] 11/9/2024 10:26

What's the fcst yield here?

[tigerbythetail] 11/9/2024 10:08

CreditCrunchies - health and safety matters because it matters. But it's also an excellent proxy for good management in general - dangerous miners tend to be poorly run miners.

[justiceforthemany] 11/9/2024 10:00

75% of the market cap is cash.
Edison value this at 112p.

[loganair] 11/9/2024 09:54

One the reasons for the fall in the share price is the dividend for the year is down 62.5% on the previous year and many were invested due to the companies high yield which is nowhere near has high as it was last year.

[husbod] 11/9/2024 09:03

Me too.Wonder if there's a big seller in the background as the current trades don't justify the fall.Reckon the company should restart buy backs at this level.

[masurenguy] 11/9/2024 08:47

Absurd fall in the shareprice today. Market cap of circa £113m with £75m cash and net profit of £5.3m. At this price the EV is just £38m, which is virtually 50% below cash. Consequently I have added this morning.

[apfindley] 11/9/2024 08:29

And when you don't understand the importance of that "health and safety" record.Oh well.

[weatherman] 11/9/2024 08:18

ST says buy high and sell low - when pumping this above 100p did he highlight the risk of lower metal prices?

[rabiddog] 11/9/2024 08:17

Added to my isa…one to forget about for a bit

[kennyp52] 11/9/2024 08:14

Creditcrunchies .. you didn’t work out that was what it was going to be ? lol .. you must have missed the PGM basket price has fallen dramatically . Now an “awful” result would be losses .. yet they are still reporting profit and paying dividends having bought back a substantial amount of shares. The moronic herd will take this down but imho that only provides a new opportunity for investors to buy into a decent business … cheaply

[tigerbythetail] 11/9/2024 08:03

Never say IC doesn't move markets in AIM stocks! Why on earth didn't Simon Thompson recommend selling at the top, instead of encouraging more buying all the way down!
FWIW, I'm a buyer down here, but I'll wait for things to settle a bit first. This is a good company and the PGM market will turn eventually. It has to - most production is simply unprofitable at current prices - and remember SLP turn out far more rhodium (by % of PGM ounces) than other PGM miners, so other miners lack even that "protection".

[apfindley] 11/9/2024 08:02

No its not.You're only making an issue because you see a fantastic opportunity to buy this drop in a profitable and cash rich company.

[redbaron10] 11/9/2024 07:59

Modest little buy back in here at these levels.After my Lonmin travails i vowed to stay out of S. Africa when investing but as a PM play i wanted some exposure.I hope i don't live to regret it.

[farrugia] 11/9/2024 07:56

the results only look bad because the comparatives are very tough

[creditcrunchies] 11/9/2024 07:42

After those awful results it's like catching a falling knife now for the brave

[kennyp52] 11/9/2024 07:40

It’s very simple .. for the moment the PGM cycle is low to the point where mines will shut down . Demand and supply will kick in .. prices will probably rise ... SLP will still be around for that given their strong finances and with diversification into chrome should be a much stronger prospect next year providing long term holders with a chance to average down and a potential bargain price for new investors.