Share Name Share Symbol Market Type Share ISIN Share Description
Sylvania Platinum Limited LSE:SLP London Ordinary Share BMG864081044 CMN SHS USD0.01 (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.30 0.54% 55.80 691,995 16:35:25
Bid Price Offer Price High Price Low Price Open Price
55.00 56.00 55.90 55.00 55.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 55.57 19.22 158
Last Trade Time Trade Type Trade Size Trade Price Currency
17:07:39 O 5,000 55.80 GBX

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Date Time Title Posts
14/8/202008:31Sylvania Platinum 3,103
18/5/202013:16SLP Website doesn't respond13
03/3/202014:39GUARANTEED WINNER911
03/3/202012:33Sylvania Platinum (formerly Sylvania Resources - SLV)1,608
03/3/202012:32Sylvania Platinum8

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Sylvania Platinum Daily Update: Sylvania Platinum Limited is listed in the Mining sector of the London Stock Exchange with ticker SLP. The last closing price for Sylvania Platinum was 55.50p.
Sylvania Platinum Limited has a 4 week average price of 42p and a 12 week average price of 37.25p.
The 1 year high share price is 66.80p while the 1 year low share price is currently 25p.
There are currently 282,414,289 shares in issue and the average daily traded volume is 1,810,565 shares. The market capitalisation of Sylvania Platinum Limited is £157,587,173.26.
someuwin: Liberum issued a new note on SLP today BUY Target Price 105.0p - Publication Price 51.0p Sylvania Platinum Heading back up past the highs We expect the underlying strength in platinum group metal prices (PGMs) and weakening South African Rand to drive Sylvania’s share price even higher. The fundamentals for PGMs are improving, with global car sales growth having positively inflected in June. Visible stocks of palladium and rhodium are already low and there is minimal supply growth potential in the years ahead. Further operational lockdowns in South Africa are a risk, but the impact will be offset by even higher prices. The shares are trading at a 40% FCF yield on spot prices, making it our top pick in the space...
mr stephens: As SLP’s product is bought in the main for catalytic converters use it is unlikely to be embargoed. The Chinese have strict e6 regulations for their carmakers to adhere to. In addition if you study the price graphs of PGM they are relatively stable Onto the contributor who though buying 8k shares would impact cash flow.The highest price they would have paid was 50p so £4K. As they had $54m in the bank at the end of June and most likely $70m at the end of July I don’t think we should worry. So many of you post such negative stuff. Let’s celebrate profits of over $50m net of tax up nearly 200% on last year. Costs were up in the last quarter as they had to cut production but are to be commended for paying all the staff in full.They moved to full production in June so will likely produce 80,000 plus fir 2020-21 and that will see at least a 15% increase in profits. At today’s share price they are trading on a p/e of 2.7 and I’d you adjust this for cash in the bank it is 1.8 so just wait for investors to have this added up for them and the price will rise. It’ll then rise further when they announce a special dividend of between 8p and 11p. Then those who understand the numbers will work out they’ll be able to do the same next year We may get close to the broker liberiums target price of £1.05 So many reasons to be cheerful
risa5: What Is Sylvania Platinum's (LON:SLP) P/E Ratio After Its Share Price Rocketed? Sylvania Platinum (LON:SLP) shares have had a really impressive month, gaining 31%, after some slippage. That brought the twelve month gain to a very sharp 55%. Assuming no other changes, a sharply higher share price makes a stock less attractive to potential buyers. In the long term, share prices tend to follow earnings per share, but in the short term prices bounce around in response to short term factors (which are not always obvious). The implication here is that deep value investors might steer clear when expectations of a company are too high. Perhaps the simplest way to get a read on investors' expectations of a business is to look at its Price to Earnings Ratio (PE Ratio). A high P/E ratio means that investors have a high expectation about future growth, while a low P/E ratio means they have low expectations about future growth. See our latest analysis for Sylvania Platinum Does Sylvania Platinum Have A Relatively High Or Low P/E For Its Industry? Sylvania Platinum's P/E of 4.76 indicates relatively low sentiment towards the stock. If you look at the image below, you can see Sylvania Platinum has a lower P/E than the average (7.4) in the metals and mining industry classification. Sylvania Platinum's P/E tells us that market participants think it will not fare as well as its peers in the same industry. While current expectations are low, the stock could be undervalued if the situation is better than the market assumes. It is arguably worth checking if insiders are buying shares, because that might imply they believe the stock is undervalued. How Growth Rates Impact P/E Ratios P/E ratios primarily reflect market expectations around earnings growth rates. Earnings growth means that in the future the 'E' will be higher. And in that case, the P/E ratio itself will drop rather quickly. Then, a lower P/E should attract more buyers, pushing the share price up. Sylvania Platinum's earnings made like a rocket, taking off 182% last year. The cherry on top is that the five year growth rate was an impressive 65% per year. With that kind of growth rate we would generally expect a high P/E ratio. Remember: P/E Ratios Don't Consider The Balance Sheet Don't forget that the P/E ratio considers market capitalization. Thus, the metric does not reflect cash or debt held by the company. Theoretically, a business can improve its earnings (and produce a lower P/E in the future) by investing in growth. That means taking on debt (or spending its cash). While growth expenditure doesn't always pay off, the point is that it is a good option to have; but one that the P/E ratio ignores. How Does Sylvania Platinum's Debt Impact Its P/E Ratio? Sylvania Platinum has net cash of US$34m. This is fairly high at 21% of its market capitalization. That might mean balance sheet strength is important to the business, but should also help push the P/E a bit higher than it would otherwise be. The Verdict On Sylvania Platinum's P/E Ratio Sylvania Platinum's P/E is 4.8 which is below average (14.0) in the GB market. Not only should the net cash position reduce risk, but the recent growth has been impressive. The below average P/E ratio suggests that market participants don't believe the strong growth will continue. What we know for sure is that investors are becoming less uncomfortable about Sylvania Platinum's prospects, since they have pushed its P/E ratio from 3.6 to 4.8 over the last month. For those who like to invest in turnarounds, that might mean it's time to put the stock on a watchlist, or research it. But others might consider the opportunity to have passed.
mr stephens: Looks like they’ll end up around $56m profit for the year. Last year $20m. And the share price drops? 180% increase. Cash balance likely to end in June around $50m and the share price drops? Fwd P/E ratio 2.5 and the share price drops? As for covid 19 watch South Africa news 24 the government locked down harder than most countries to protect against the virus. Also had experience of dealing with Ebola Perhaps the city scribblers and market makers need time to digest the results or simply don’t believe that such increases can occur in the current market. Unless your making ppe or a covid 19 vacine or running Amazon I doubt you’ll see more impressive results and a more impressive recovery from lockdown. Management are to be applauded and let’s not forget the workers. They need to get back but safely so they can feed their families and live SLP have a good safety record and always lead with staff welfare in their reports so I’m sure that they will enforce good working practice
1jbrisky: Motley Fool write up this afternoon Sub-10 P/E ratios. 7.7% dividend yields. I’d buy this stock as market jitters rise Royston Wild February 2020, 13:07 UTC Stock market graph with Chinese dragon background Growing fears over the coronavirus means that investors need to take steps to protect themselves. I reckon Sylvania Platinum (LSE: SLP) is a sound way to achieve this. Sentimental shiny metals always experience frantic buying in times of high tension like this. Gold’s gallop above $1,670 per ounce and to fresh seven-year highs this week has commanded plenty of attention. But the platinum group metals (or PGMs) have also soared on high safe-haven demand. Platinum itself has soared through the $1,000 per ounce marker for the first time since 2018 in recent weeks. Palladium, which has doubled in value over the past 12 months just burst to new record peaks above $2,700. And rhodium, which has burst through the $12,000 barrier for the first time has risen around 500% from the same point in 2019. Virus fears to persist? It’s no shock to see Sylvania’s share price boom in response. It’s up 50% since the beginning of February alone as the global spread of the coronavirus has rocked investor nerves. And it could gain much more ground in March. Global chief executive officer at UBS, Mark Haefele, commented that “the incubation period of the virus [means] the next two weeks will be critical in determining the extent of the outbreak, the steps authorities are willing and able to take to contain it, and the economic effect of those measures.” Other analysts believe that markets will remain tough for some time longer. Michael Hewson of CMC Markets notes that “for now, there appears little prospect that financial markets look likely to settle down in the short term, which means investors will have to get used to an extended period of uncertainty and volatility.” Fresh Brexit bother It’s not just coronavirus-related alarm that could bolster demand for fight-to-safety assets in the coming weeks either. Tension over the Brexit process was a significant driver of gold and other precious metal prices in 2019 and could continue to be so. The start of tense trade talks between Britain and the European Union will officially begin on March 3. But terse comments from both sides already suggest that things could prove bumpy. Just today German Europe minister Michael Roth urged the British government to “keep your promises” concerning previous agreements on the Northern Ireland border This follows cautious words from French premier Emmanuel Macron at the weekend too. He warned that it could prove difficult to hammer out a trade deal by the end of the year given the short time frame and range of difficulties that need to be addressed. Under UK law, a failure to create such a deal will mean that Britain will embark on a Hard Brexit at the end of 2020. Growth + dividends With safe-haven metal demand expected to remain solid, City analysts expect Sylvania’s earnings to shoot 229% higher in the fiscal year to June 2020. This results in a rock-bottom forward P/E ratio of 3.7 times. It leads to predictions of more dividend growth, too and therefore a bulky 7.7% dividend yield. Sylvania has been having some issues on the production front recently. Indeed, second-quarter production dropped 8% to 19,206 ounces from the prior three months as power outages and water shortages hit. Still, these troubles are reflected by that low earnings multiple in my opinion. I’d buy it today on the likelihood of solid metals prices in the weeks and months ahead. The post Sub-10 P/E ratios. 7.7% dividend yields. I’d buy this stock as market jitters rise appeared first on The Motley Fool UK. More reading Forget the Cash ISA! I'd pick up the Lloyds share price's 6.2% yield Royal Mail shares are near all-time lows. Here’s what I’d do now The State Pension: how this £5 'trick' could potentially double your payout Forget Bitcoin! Here’s how I plan to turn £20.06 into a million Want to retire comfortably? I’d buy these 2 FTSE 100 dividend shares for a passive income Top shares for 2020 Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2020
redtrend: While we wait for the predicted collapse on Monday, looking long-term here's a decent article in Mining on the structural palladium deficit: "Deficit should keep palladium price on the boil" "Johnson Matthey February 2020, Pgm Market Report" hxxp:// "Platinum Group Metal Demand: Vehicle Emission Regulations, Pt-To-Pd Substitution, And Their Implications" In 2019, supply of Palladium was 6.9 million Oz, demand was 8.1 million Oz (incl. taking into account recycling). That is even with auto sales going down overall, but more PGM loading in each vehicle. That is a huge deficit of 1.2 million. With new emissions coming into effect in 2020 and beyond in various jurisdictions , JM predicted a deficit of 1.9 million Oz this year. On the Comex, there is 2.3 million Oz of "digital" Oz contracts, yet only 40k physical Oz in the Comex vaults (58:1 ratio - may now be more now, some state ratio is 80:1). Scotiabank predicted above ground stocks of palladium would be exhausted by Summer. As per the Mining article there is only 592k Oz of physical palladium in Comex + ETFs. So may be Scotiabank's prediction of Summer could be delayed by the significant impact of coronavirus, but it is only delaying the inevitable. I'm sure there are many industry insiders and bankers who know the supply crunch better than us and are looking past corona virus. Rhodium and Palladium in chronic shortage in such times may live up to their "precious metals" status and see a flight to safety with gold. Even if they do correct, due to the deficit may not be steep as other industry metals corrections. Industry metals since mid-Jan have already been hit by 10-20% (Nickel, Copper, Lead, Zinc). Palladium and Rhodium have done the opposite. Even if they now are the victims of a 20% correction, it would bring Palladium back to $2,200 and Rh $10,000. SLP share price still hasn't factored these PGM prices being at these levels long-term. Open pit palladium rich Volspruit must be looking pretty good right about now for a sale/ JV - just need to get the EA and WUL approvals over the line. Impala with 1st right of refusal on 25% or entities like Anglo American would be very interested.
metis20: Q2 2020 results due very soon. Reported average gross basket prices (USD)/oz - $1328 for Q4 2019 $1654 for Q1 2020 (ie to end of September) $1900 for Q2 – my estimate. Increase of about USD$250 due to increase in price of Pt, Pd, Rh. (The big uncertainty about gross revenue is how much the production has been affected by power outages.) Also, I estimate an AVERAGE increase in gross basket price so far this month of cUSD500 due to rise in Pt, Pd, Rh. If this average were to be maintained thoughout Q3, the gross basket price for Q3 would be about USD$2400/oz. (edited) (Last time SLP share price was at 45p was two thirds of way through Q1 2020 – since then the average gross basket price has risen very considerably! )
redtrend: CLAIM 3: “Questionable” Transactions – Sylvania 2005 Agreement Full afadavit submitted by AMCU (written by Samancor ex-director making claims) is here: hxxps:// Bits relating to Samancor-Sylvania Agreement of 2005 (yes 14ys ago) start on PDF bottom of page 15. The claims are: 1) Samancor-Sylvania deal was unfair against Samancor (complete rubbish – anyone with half a brain can work out this isn’t true and the Affadavit statements contradict the applicants’ own argument! Its laughable and no wonder he was sacked in 2009/2010 if this was the quality of his work) 2) Sylvania deal benefitted Samancor Majority Shareholder (Kancor and chums) over the minority shareholders, with SLP shares awarded to Samancor entity/ intermediary “Portpatrick” as part of the deal. Both are complete “nothing burgers” in terms of operational or commercial impact to SLP or SLP involvement. I wont 2nd guess PR impact in short-term of panicky PIs. SLP Claim 1) Samancor-Sylvania Agreement: the deal itself is clearly a fair one. If anything it is far more heavily in favour of Samancor. a) Samancor get processed chrome back for free and their tailings treated helping them out on long-term liabilities front. The chrome processed for free by SLP and the $100s of millions to Samancor over the last 14yrs will be truly staggering. All Capex paid by SLP. - The Applicant writing the Affadavit doesn’t even realise his own statements are contradicting his “claim” the SLP arrangement becomes more favourable to SLP!!! It really is laughable – it become more beneficial to Samancor! I urge everyone to carefully read items 56 & 57 on pdf page 16 if they have any doubts on this. - Initial 2006 commercial agreement allows SLP to resell the processed chrome concentrate back to Samancor on sliding scale at the low values of ZAR 49.99 - 72 ($3-4 per ton, when Chrome concentrate is $180+! In period sometimes reaching $400). The higher threshold of course being better for SLP. - One year later in 2007, this Agreement gets WORSE for SLP not better, whereby the upper threshold is completely removed and SLP can only resell at the lower ZAR 49.99. - In 2008 the agreement again gets WORSE for SLP, whereby SLP provide the treated chrome concentrate back to Samancor for a nominal ZAR 1 (i.e. for free). b) On top this Samancor appear to get v.small % of PGM revenue (and as reminder Samancor have never had mineral rights to PGMs!) c) Samancor received large share of SLP back in 2005 - 2006 (hugely beneficial to Samancor - see next post for the issue at hand here is if the Samancor's director's committed fraud against their own company and Portpatrick was not for the benefit of Samancor shareholders as a whole) d) The deal was struck in 2005 when SLP was around 30p share price. SLP have used their expertise, spent huge amounts of Capex and SLP shareholders have waited until 2018 (13 years!) to begin to see a tiny return on SDO (if you compare apples to apples). That doesn’t sound like a deal unreasonably in SLP’s favour to me – in fact it sounds like the opposite! Waiting 13yrs for a measly return if you’re a SLP shareholder of 13yrs (1st dividend last year). Compounded for inflation, it’s significant negative return! How much money has Samancor made over 14years of getting Chrome processed for free and selling concentrate?! It will be millions of tons of chrome concentrate. SLP took the risk/reward of relying solely on PGMs, bidding for Samancor job to process chrome and securing the PGM minerals rights themselves. Only now and finally with PGMs high, will SLP benefit from a deal 15 yrs later when dividends should finally become more substantial in 2020. Samancor has benefitted from last 14yrs and will continue to benefit, for doing jack.
redtrend: Agree with danger - the best method to cover already existing share options allowances (my understanding is these were approved by shareholders in various previous AGMs) is through buy backs, not dilution. Employees and Directors should be rewarded for exceptional performance linked to Company's prospects and share price (i.e. shares rather than monetary bonuses), to align with shareholders. As long as it's not for simply "meeting" expectations, but exceeding expectations. I also agree that SLP are partly over-capitalised in the circumstances and more cash should be used for dividends, but in addition to these buybacks, not instead. Both can be easily funded. There is of course need for a "war chest" and rainy day fund etc. etc., but to go too far and be overly conservative to detriment of shareholders and share price is another thing. After this last buyback, SLP is now at a stage where dividends, not buybacks are most beneficial to shareholders - both for share price appreciation and yield. It is commensurate/proportionate dividends that will provide significant re-rate to SLP, so what you are discussing is a rather "chicken and egg" scenario. Additionally when the share price is low, the dividend yield of course can be higher, thereby benefitting shareholders and enticing new ones. The board has acted in a professional manner to date, steered the company in the right direction and have earned investors trust. A special dividend should be expected for Grasvally sale. If it is not forthcoming however, questions will need to be asked. As it would with next year's annual dividend too if it is once again not proportionate. I'm surprised at how passive both IIs and Private Investors can be to these issues. I've been to many AGMs where IIs hold significant holdings and sometimes they don't even have representation. 5 IIs hold 50% of SLP shares and I'm not sure how active or passive they are to be honest. Have to admit I haven't been to SLP's AGM in Bermuda yet, but plan to next year. Depending on whether or not we receive a special dividend once (if) the Grasvally sale is formalised for the full Net amount, an open letter to the 5 IIs holding 50% wouldn't hurt, to see how passive or active they really are. It wouldn't be too hard to get contact details.
redtrend: I'm somewhat pleasantly surprised the SLP share price has held up given Platinum's weakness in December, but of course circa 38% of our PGM Basket Price is Palladium & Rhodium. And Palladium is still $1,000 and Rhodium still $1,550. Also perversely and in the long-run, Platinum weakness could actually be of benefit to low-cost operators like SLP. This Platinum weakness will mean the likes of Lonmin coming under severe pressure - more than they're already under and could be straw that breaks the camel's back. This could mean steeper production declines and quicker correction to the supply-demand dynamic (with a deficit already being predicted next year). The other positive could mean "non-core" Lonmin assets at fire sale prices, although not sure if any would fit in to SLP's portfolio (both operationally and geographically)?
Sylvania Platinum share price data is direct from the London Stock Exchange
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