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
  -4.00 -10.0% 36.00 1,967,355 16:14:33
Bid Price Offer Price High Price Low Price Open Price
35.00 37.00 41.00 35.50 39.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 55.56 19.22 102
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:26 UT 25,000 36.00 GBX

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Date Time Title Posts
27/3/202012:08Sylvania Platinum 2,737
03/3/202014:39GUARANTEED WINNER911
03/3/202012:33SLP Website doesn't respond12
03/3/202012:33Sylvania Platinum (formerly Sylvania Resources - SLV)1,608
03/3/202012:32Sylvania Platinum8

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DateSubject
28/3/2020
08:20
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 40p.
Sylvania Platinum Limited has a 4 week average price of 25p and a 12 week average price of 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 2,795,888 shares. The market capitalisation of Sylvania Platinum Limited is £101,669,144.04.
03/3/2020
07:00
redtrend: As point of clarity, new CEO is correct that Rd is circa 12% of production (which of course is not revenue which as people have posted here is far greater). As per the last presentation with Interims, split at present is (changes depending on output from each site, which is why SLP updates it every 6 months): PLAT: 62.1% ($865) PALL: 25.2% ($2,545) RHOD: 12.5% ($12,300) GOLD: 0.2% ($1,595) If you take the prices above, the SLP 4E PGM Basket Price is $2,719. Based on 74K Oz production, I can see why ST and Liberum get a target of 90p. However there is a huge amount of downside risk to the PGM basket. What long-term PGM basket would warrant a 55p share price? I would say Plat of $780, Pall $1,500 and Rh down to $6,000, or any variation around that (Basket of circa $1,650). SLP seems to be perpetually under-valued though until SLP provide a commensurate dividend, so such a basket could lead to low 40s. Market panics and margin calls of course are a major risk too irrespective of how solid a company is.
25/2/2020
23:57
preciousm: Interesting slant from mfool but I’m not sure it’s the virus fear that’s pushing palladium/rhodium prices. It’s the demand for material used in catalytic converters. If you fear financial meltdown you might go buying gold but rhodium that’s already exploded in price? No, I’m in similar position to chives in that I might want to buy but I’m in two minds A.On the one hand: The rise in the pgm prices may not be in the share price and if the shortage continues prices and therefore profits will continue to rise. Low rating. B.On the other: the prices are a bubble about to burst. The CEO has said he expects Rhodium to return to 2-3k. Car production is falling and the switch to electric vehicles accelerates so demand for pgms will fall off/ become obsolete The shares have a low rating because the windfall profits are not expected to continue and/or the electric cars will replace the need for catalytic converters. So investors need to balance the short term profit explosion and high divi with the depreciation of the overall business to potentially nil value over what is an unknown term. Standard discounting of future earnings over life of the business hence the low rating. Will catalytic converters become obsolete and if so by when? If electric replacing petrol/diesel wasn’t a realistic proposition the share price would have shot up much higher imo. The current fundamentals look attractive but the med-long term prospect doesn’t look good. So if most investors see it this way they’ll want to ride the pgm price rise but won’t want to be late jumping ship. Hmm Risk/Reward Just mulling things over, open to reasoned argument
25/2/2020
19:29
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 Fool.co.uk25 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
23/2/2020
17:07
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" https://www.mining.com/__trashed/ "Johnson Matthey February 2020, Pgm Market Report" hxxp://www.platinum.matthey.com/documents/new-item/pgm%20market%20reports/pgm_market_report_february_2020.pdf "Platinum Group Metal Demand: Vehicle Emission Regulations, Pt-To-Pd Substitution, And Their Implications" https://seekingalpha.com/article/4324998-platinum-group-metal-demand-vehicle-emission-regulations-pt-to-pd-substitution-and 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.
18/2/2020
12:33
mr stephens: Danger I’m sadly in an environment where I can’t look at my financial models but from memory Liberium forecast £20m profit full year and target price of 70p Of course the PGM basket uplift has been fast but Slp have delivered over the full year forecast in the 1st half and we are all delighted But the basket price since mid Jan has been north of $2200 now sitting around $2500 depending on whose rhodium spot price you take a 32% increase Simply factor that across 34,000ozs the lower of managements forecast production and it throws up and additional $30m net profit Making a fy total of $53m I have cross checked this against my previous posts which with full workings show $59m net on an additional 36,000 ozs Therefore if Liberians logic holds that’s 3x their original forecast So I know you can’t just drive a share price on profits alone but that would equate to a £2.10 target price This does not account for disposal but does account for a 2p dividend and a cash balance increase of approx an additional $34m I do agree with you that £1.50 is a truer reflection but a forecast from them of $36m and target price of £1.10 seems over prudent and disingenuous There is also the issue of the share buyback both on the market and from the current ceo by 31st March
09/2/2020
23:47
whitefish: Sylvania Platinum 1 July 2019 to 30 June 2020 Estimated base to upside case Budget 74,000 to 76,000 Ozs Split: Platinum 61.8% Palladium 24.90% Rhodium 13% Ozs 46,575 18,675 9,750 Budget Price 850 1,446 3,585 USD:Ozs EBITDA FY USD37.5m Budget Spot Prices 996 2,213 9,500 USD :Ozs P&L USD Q1 Sept 30th EBITDA 19.1 Actual Q2 Dec 31 EBITDA 17.5 Actual HY EBITDA 36.6 Actual Budget H2 EBITDA 18.75 (half of USD37.5m) H2 Ozs Price Adj Platinum 23,484 125 EBITDA +2.94 Palladium 9,462 600 EBITDA +5.67 Rhodium 4,940 4,500 EBITDA +22.23 Total Ozs 37,886 Adj. FY EBITDA 86.19 USD:1.31 GBP 65.79m Depr -6.6 Tax 28% -22.29 Profit after Tax 57.3 USD:GBP GBP 43.74 Shares 282,600,000 EPS 0.155p Actual Share Price: 42p PE:2.67x 77.5p PE:5x 93p PE:6x PAT 57.3 CapEx -3.4 10m Cap Ex less Depr 6.6 Contracted Disposal net 4 (after tax) Free Cash Flow 57.9 Opening Cash 21.61 79.51 Yr End Cash USD 79.51 GBP 60 >>> EBITDA USD 86.19m GBP 65.79m (or 23.2p per share) to EV 118.7m (42p) less say GBP50m (17.69p) EBITDA:EV 1.05X 42less 17.69p or 24.31p divided by 23.2p Need share price of 110.49p for EBITDA:EV of 4 times (110.49 - 17.69 = 92.8/4= 23.2p 6 Months to Dec.31, 2019 CASH FLOW estimated USDm Cash from Operations 36.8 (Increase)/Decrease in Debtors -8.7 Capital Expenditure -3 Tax (28%) -6.8 FX Movement -1.3 Other 0.2 Dividends -2.9 Share Buy-Backs -2.2 Increase in Cash 12.1 Cash June 30th, 2019 21.8 Cash December 31, 2019 33.9
25/1/2020
10:26
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! )
09/10/2019
19:21
redtrend: CLAIM 3: “Questionable” Transactions – Sylvania 2005 Agreement Full afadavit submitted by AMCU (written by Samancor ex-director making claims) is here: hxxps://amabhungane.org/wp-content/uploads/2019/10/1.-2019-09-25-Kon-Affidavit_SIGNED.pdf 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.
24/9/2019
17:16
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.
07/12/2017
12:41
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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