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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
  3.00 2.51% 122.50 2,169,265 16:35:03
Bid Price Offer Price High Price Low Price Open Price
122.00 124.00 123.50 118.00 118.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 92.11 45.17 346
Last Trade Time Trade Type Trade Size Trade Price Currency
17:24:30 O 21,000 122.00 GBX

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Date Time Title Posts
05/3/202117:51Sylvania Platinum 4,829
16/8/202013:26SLP Website doesn't respond14
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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DateSubject
07/3/2021
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 119.50p.
Sylvania Platinum Limited has a 4 week average price of 100p and a 12 week average price of 74.50p.
The 1 year high share price is 127.50p 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 2,316,046 shares. The market capitalisation of Sylvania Platinum Limited is £345,957,504.03.
03/3/2021
00:08
sailing john: Freddie agree THS up and down over last 5 years as was dependent mainly on Chrome price - now balanced with PGM rev/prices btw you missed THS 2020 eps 12p divi 2.6p - (Tharisa share price 131 currently similar to SLP) Edit - Stemis - spot on - annoying that they thought it was a Platinum play! No research at all!
03/3/2021
00:07
stemis: Had a bit of a listen to the podcast on #slp and honestly it's not worth it. Poorly researched and, I'm afraid, guilty of one of the great psychological weaknesses of investors...anchoring. Do we know why SLP is now 120p when it was 42p....er, yes. Has Platinum gone up over the period...er, it's not just about platinum, look at the basket they produce. Might investors buy at 120p and then regret it if the share price goes down...er, the same as they would with any stock. Basically the analysis is that the SLP share price has gone up, they don't know why, so they feel they've missed the boat and what goes up, might come down. Thanks for that...lol
02/3/2021
23:11
sailing john: Pete and pete This isn't a Platinum play currently despite the company name! (from 53mins) Look at the PGM basket price for H1 and you will see it's a Rhodium play like all the SA PGM miners currently based on a supply/demand imbalance of a metal critical to automobile cats. In H121 SLPs Rev from Platinum was under 20% Paladium 17% and Rhodium 59%! and since half year end Rhodium has continued to surge and will be a much higher proportion of Rev in H2 perhaps 70%+. See presentation page 23 hTTp://www.sylvaniaplatinum.com/component/jdownloads/send/81-2021/528-updated-corporate-investor-presentation I'm not invested here but hold a significant position in Tharisa THS - that you might think was a Chrome play (and was 2 years back with PGM rev less than Chrome) but since the move in Rhodium and other PGMs - PGM revenue is likely to represent around 70% of the total Rev this year even after the recent increases in Chrome prices. THSs PGM rev likely to double this year based on current spot prices and of course as costs other than the approx 10%? refining charge are fixed for the same volume most of that falls to the bottom line resulting in an over 400% increase in profit (my model) btw it's really easy to build a model as costs are mostly fixed, production guidance given and spot prices and outlook published every day. My model gives a THS PE of around 2.5 for 2021! JLP SLP and others will also be on very low PEs. The market outlook for Rhodium is positive with supply constraints and increased demand from tightening emissions control especially from China who are probably playing catch up with the RoW. I believe that the current PEs are too low even accepting the fact that eventually the supply/demand gap will close. Most of the PGM producers provide enough data to model future costs and basket prices are readily available either by calculation or in the case of THS from their Twitter feed as they are now publishing the rises on a weekly basis! https://twitter.com/tharisa_sa?lang=en Sorry for the Tharisa plug but it is another Rhodium play and I know a lot more about them than SLP and JLP
27/2/2021
18:30
xajorkith: Don’t use ADVFN much now as concentrated in US shares and SLP the only UK stock I still own. Thought I’d add something to the above from bbluesky though, in regards to Stockcharts. If you compare the charts of the Rhodium ETC with SLP (Ticker XRH0.L:SLP.L), you can clearly see when SLP is relatively undervalued when compared to Rhodium. By adding the RSI to this chart, you can also see that the ratio is currently overbought, with an RSI approaching 70. Similar points were reached in early February, early April, early July, and early October - and led to strong rises for SLP in the months ahead. I would also add that this ratio is now at least 50% higher than it was prior to 2020, so any mean reversion (assuming Rhodium remains stable) could lead to a significant rerating for SLP. Whilst it’s obviously not as simple as that and SLP is more than just a play on Rhodium, it does serve to highlight potential bullish periods for SLP. Past performance doesn’t guarantee future success of course, and it could just highlight that Rhodium is overvalued, so please dyor etc..... All the best....
24/2/2021
20:41
risa5: Sylvania's eye-catching profit surge points to further gains Rhodium price has trebled since July. Rhodium market in deficit. Windfall dividend of 3.75p a share. I made a pretty compelling case a month ago that analyst earnings estimates were out of sync with the buoyant operational performance of Sylvania Platinum (SLP:112p), a cash-rich, fast-growing, low-cost South African producer and developer of platinum, palladium and rhodium (‘Three high growth small-cap plays’, 19 January 2021). The share price has rallied 24 per cent since then. At the time, house broker Liberum was pencilling in a net profit of US$71m for the 12 months to 30 June 2021, but my financial models suggested Sylvania was on course to make a net profit closer to US$93m and could potentially double its net cash to US$105m (£75m). Liberum has subsequently upgraded its net profit estimate to US$103m (£73.5m), the primary reason being the trebling in the rhodium price to US$21,000 per ounce in the past six months. Based on full-year production target of 70,000 ounces, rhodium accounts for 12.5 per cent of Sylvania’s platinum group metal (PGM) prill split and 63 per cent of annual revenue. Stricter emissions standards for passenger cars in China, new EU legislation limiting nitrogen oxide emissions in on-the-road driving tests from September 2022, and rebounding China car sales are the main drivers behind the booming rhodium price. Bearing this in mind, autocatalysts now account for almost 90 per cent of global rhodium demand, so there is limited scope for value destruction (due to the higher commodity price) to free up supply from other market segments (chemical, glass and electrical). A lack of new mines means that global supply is incredibly tight, so much so that the rhodium market is likely to be in a 60,000 oz deficit this year, or 5 per cent of estimated market demand (source: Johnson Matthey). This is further accentuating the price move. First half results this week highlight these factors. Buoyed by 74 per cent increase in its average basket price to US$3,184 per ounce, Sylvania’s first half post-tax profit of US$40m was up 69 per cent higher year-on-year on 44 per cent higher revenue of US$85m. Net cash doubled to US$67m and is set to hit US$83m (£60m) by 30 June 2021 after factoring in the payment of April’s US$10.7m (3.75p a share) windfall dividend. On this basis, the £320m market capitalisation company is rated on a miserly price/earnings (PE) ratio of 4.4. Strip out forecast net cash and the cash-adjusted PE ratio is only 3.5. If that’s not a compelling enough valuation, Liberum expects net cash to swell to US$188m (£134m) by 30 June 2022 after factoring in net profits of US$117m (£83m) in the 2021/22 financial year, implying the cash-adjusted PE ratio drops to 2.2. The shares have produced a 677 per cent total return including dividends since I suggested buying, at 14.5p, in my 2018 Bargain Shares portfolio, and the re-rating is far from over. In fact, I am raising my target price from 145p to 180p to value Sylvania on a 2022 cash-adjusted PE ratio of 4.5. Strong buy. https://www.investorschronicle.co.uk/ideas/2021/02/24/running-bull-market-winners/
16/2/2021
09:59
corrientes: If it wasn't for Africa Asia Capital Limited gradual reducing since they bought in, I think the share price would be a bit higher than it is, but I'm not complaining. Wish I was a bit more techie minded when I look at some of the share prices in that sector.
04/2/2021
22:17
kenmitch: SteMiS In that case why buy any big dividend paying share? With special dividends and ordinary dividends that mark down on ex dividend day often sees new buyers taking advantage of the lower share price, giving those buyers bigger future dividends. I much prefer special dividends to share buybacks because investors actually get that money whereas with buybacks if, as often happens, the share price subsequently goes down investors get nothing at all and lose money on the share price fall.
03/2/2021
09:04
1ups1de: Slp has a significant cash pile. This will only grow with Feb interims given 20/21 quarterly results. 4 actions a company can do with cash :1. Pay down debt . None2.Use to grow company. Little need for more than modest maintenance / expansionary capital. Around $5-7m plenty 3. Implement share buybacks. Very successfully employed in 2020 . However significant share price jump makes this more tricky. 4. Reward the shareholders ( ie owners) with the excess cash. The right move now. Especially as owners currency is £ sterling & cash primarily held in Zar is inherently risky. ...A bird in the hand & all that.Do the right thing SLP board.
23/1/2021
14:26
risa5: I also consider Sylvania Platinum (LSE: SLP) to be one of the best shares to buy in 2021. I selected this small-cap platinum group metals (PGMs) producer as my top choice in The Motley Fool’s Top British shares for 2021 article last month and I’m still bullish. Sylvania’s share price has had a strong start to the year, up by around 30% so far. But it’s not too late to buy this share, in my opinion. Strong metal price trends and limited competition support this low-cost producer. Fiscal and monetary support from global central banks and governments could push commodity prices higher. A post-vaccine economic recovery could also support demand for commodities. It offers an undemanding price-to-earnings (P/E) ratio of 6.8, a return on capital of 35%, and net cash on the balance sheet. With metrics like these, I think it could be a top performer in 2021. https://www.fool.co.uk/investing/2021/01/21/i-think-these-are-3-of-the-best-shares-to-buy-in-2021-to-double-my-money/
20/1/2021
11:01
cagr18: SLP is around 3 % of Sibanye or Impala's EV. Sibanye is an acquisitive growth company and obviously bullish on PGM prices. Both these companies are generating around 30 % free cash flow yields now, and have relatively little debt. SLP could be a very attractive target. At these spot prices, I figure buying SLP at around 300 p would still be EPS accretive for them, at least for Sibanye. Hopefully SLP is left to get there on its own. Disclosure: I am long SLP.
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