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
  -0.25 -0.83% 30.00 318,832 14:32:24
Bid Price Offer Price High Price Low Price Open Price
29.50 30.50 30.25 29.50 30.25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 47.52 12.19 86.0
Last Trade Time Trade Type Trade Size Trade Price Currency
16:29:28 O 13,000 30.00 GBX

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Date Time Title Posts
26/6/201908:42Sylvania Platinum 1,287
07/9/201618:41Sylvania Platinum (formerly Sylvania Resources - SLV)1,579
07/9/201207:38GUARANTEED WINNER908
28/1/201213:14Silentpoint - Roaring buy4
29/5/200309:32GOLD SILENT POINT SLP30

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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 30.25p.
Sylvania Platinum Limited has a 4 week average price of 26p and a 12 week average price of 26p.
The 1 year high share price is 33.75p while the 1 year low share price is currently 15.75p.
There are currently 285,515,137 shares in issue and the average daily traded volume is 395,223 shares. The market capitalisation of Sylvania Platinum Limited is £85,654,541.10.
mfhmfh: If company can hit forecast target of approximately 21,800 ounces for Q4 then share price should fly. IMHO.
lukmanpatel: Another troll by the username lsehotdealz haha, share price is stagnant and there’s talks of fundraise at 10p on that board lol desperation has lead to going round posting on different board to prevent share price from dropping, usually ud stay quiet and average down and accumulate if you see huge potential lmaoo
kryptonsnake: Redtrend, You have summed the situation up nicely using facts Most Jubilee investors are dreamers and they choose to ignore certain facts. It's the reason why many of them are sat on huge losses The share price is just about break even on the 52 week chart but they are all excited by this. The marktet cap has grown but the share price hasn't More dilution will come when the cash dries up, it's just a matter of time
mfhmfh: according to CNBC Platinum at 823.6 Palladium at 1,450 can share price reach previous highs?
thirty fifty twenty: hi mad foetus I initially felt the same about that purchase but then did some thinking..... although it was a PDMR there are maybe many (personal) reasons why they want to / need to sell. it was not a director so it would be unusual to think of al the top team it was a second tier of management that had the knowledge that the share price was very over valued / there were company problems. so I concluded that they 'needed to sell' the price was weak in the days before so maybe they were drip selling into an illiquid and nervous market. they had a chat with the directors and they said 'look if you need to sell a large chunk we will buy them back' - that way you get some sort of decent price and we get to avoid a share price fall on low volume. I think the fact that the company bought back the shares means for their insider trading rules that there is no new news. the company has stated its volume targets and CASH flow and we know that the price of their PGM basket has increased materially in the last 6 months (mostly thanks to Palladium) all IMHO DYOR + BoL SLP is in my top5 hldgs
podgyted: Liberum 4th Jan 19 :- "Sylvania Platinum's share price has retraced 27% since peaking at the beginning of September at 23.75p. This is despite the platinum group metal (PGM) rand basket price, the key indicator of the company's profitability, continuing on to multi-year highs of R16,271/oz. We believe this disconnect is unwarranted and believe equity news flow is likely to be to the upside over the next twelve months. The current weakness is a good buying opportunity and Sylvania remains our preferred exposure to platinum group metals. We maintain our Buy recommendation and see upside of 71% from the current share price." TP 30p
redtrend: Been on holiday and nice news to come back to – a solid set of Accounts as expected, with a nice modest dividend. The board and management have done a great job to date and whilst I don’t fully agree with all the statements in the Accounts concerning how the dividend policy may be updated and implemented (I believe some are overly conservative), the management and company as a whole is to be commended. On the positives: 1) Dividend - It’s reassuring that Board & Management listen to its shareholders (I know this is a bizarre statement to make, but sure we are all used to companies just doing what they want irrespective of the shareholders who own the company). Whilst I believe a dividend would have been put in place in any event, the trigger appears to be from an individual shareholder with a sizeable holding. Whether this was an Institutional Investor or PI with large holding not too sure, but it just goes to show when you invest in a relatively small company, we all need to make our voices heard and write to company when we see fit. Not just negatives or demands for dividend, but recognising the positives too. - Maiden dividend of 1.6% at 22p and dividends to be sustained going forward. I just hope over the space of a year, there are at least 2 dividends and therefore the yield per annum is more like 4%, increasing further as the cash balance continues to rise. 2) Production: - Production of 76,000 to 78,000 this financial year ending June 2019 - Production of 80,000+ thereafter (see latest presentation released with Accounts, slide 15). In fact year ending June 2020 looks like production est. at 85,000. 3) Cash and Trade Balance: - Cash of $14m end of June 18, so likely at least $17m by end of Q3 18. - Trade balance in SLP’s favour of a whopping $19.8m (Trade Receivables of $25.4m, high due to the 4-month cycle of delay when SLP gets paid by refiners, minus Trade payables of $5.7m). - These two together of $33.8m equate to 40% of the current market cap at 22p. 4) Going Forward: Capex, Costs and Margin - Basket Sale price: currently at a robust $1,035 - Cash cost of ZAR 6,849 (pg.19 of last presentation, not dissimilar to last quarter results), or $475 per Oz (at Forex of 14.4). - Margin: based on above, produces a huge margin of $560 per Oz. Taking this year as example, $560 x 76,000 Oz = $42.6million - Capex: with Capex est. at $12m this year, that means free cashflow of $30million (before Tax), compared to current market cap of $83.2m. For this reason, plus the dividend, cash/ trade balance and solid management shows just how under-valued SLP still is. It should also be noted Capex for year ending June 2020 is also est. around $11m, then drops to only $3.5m and $3m in following years. On top of all of this, there are just shy of 5million of shares in Treasury to be cancelled and Institutional Investors of over 50%, who no doubt will have a large say on dividend policy going forward, to ensure its in the shareholders interests. It is for the reasons above I don’t necessarily agree with some of the conservative statements in the Accounts on the dividend, however I’m sure over time the Board + management will increase dividends considerably if they maintain the $12m cash buffer they want and cash above that goes to dividends, unless there are growth opportunities to get after. Additionally and perversely, there is a risk associated with holding too much cash at the bank. Whilst it pays 7% interest, the SA political risks also have an impact on the SA Rand (ZAR). So SLP should continue to outpace its peers in terms of share price appreciation + dividends.
redtrend: I'm still very bullish on SLP and a long-term holder with a substantial holding, however I think this decline today is more the fact there has been no update to the dividend policy whatsoever that has impacted share price. The presentation is pretty clear on certain operational issues and forecast for 2018 is 71-75k. Thereafter 2019 onwards we're looking at 78k. So they've been open on this and would not be surprised if they do manage to hit 80k in 2019. The current robust basket spot price of > $1,100 more than makes up for revision down in production and if they do hit the upper-end 75k, nothing has therefore changed. I was of the camp that thought Phoenix was a very good acquisition and hindsight has demonstrated that was the case. Therefore I was relatively content no dividend policy update or dividend was seen in 2017. However in 2018 I was expecting an update on dividend policy with first dividend sometime this year. Cash in the bank was $12.4m at Dec 2017, which will only be growing exponentially with higher spot price. Operational Cashflow is more than enough to fund Capex profile, so that is not a reason to hoard cash. So that leaves internal growth opportunities or acquisitions only. In terms of internal growth, Grasvally is being marketed for sale, Northern Limb Exploration is suspended (on hold) and Volspruit still awaits a Water Use License and even after receiving that, there will still be delays and decisions to be made. So the cash can not be earmarked for internal growth either. That leaves only acquisitions or simply wanting to leave it in the SA bank and getting 7% interest. They really now need a clear updated strategy on how they will use the cash or a dividend policy. To regurgitate the old policy: "Pay shareholder dividends when higher sustained PGM prices are achieved" is no longer adequate. A higher price of over $1,000 has been sustained for a year now. The Basket price is now over $1,100, giving a further buffer.
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)?
dandadandan: Weekly Review. What a bargain! Ask yourself why has this share price dropped so far? What has changed? It has previously been subject to professional assessments by fund managers who have invested in this (rare) income earning SA company . Now take the example of the Miton fund team who by their own admission used substantial resources to : 1. Conduct a rigorous analysis of all assets and liabilities of SLPs balance sheet, and the necessary adjustments, to ensure a significant margin of safety from any likely error in this analysis. 2. Analyse and reconcile SLPs cash flow statement which provides an insight into the company's funding position and its ability to sustain and cope with all economic outcomes. 3. Then analyse the overall company and examine its structure and its cyclical challenges. Since their assessment the only change that I can see is the Volspurit project delay? Yet this has not been priced into the share price yet. Remember also that inside informers already knew this result and told the newspapers on the 9th June 2015 that Volspurit would be delayed. Is the delay a bad thing in the current climate? So was this an oversight by the SLP BoD. Just like its lack of comment on its recent current share price drop? Have they all gone asleep as they see their shares and options drop in value? Not in my books. Something more is going on behind the scenes. Ok a couple of fund managers have moved and Miton may be changing its position but they only hold a marginal percentage. SLPs Mcap is below £19m and it has a steady cash flow. It must be in a position to issue a maiden dividend with possibly £10m+ cash available at the end of June, unless the BoD are still buying up those cheap, under 7p shares and putting them into treasury. This share price drop is being staged managed to shake you off IMO. There are under 300m shares issued with 70% held by institutions. 56m volume in the last 4 weeks. Lets see what happens in the next few weeks. DYOR and keep it simple. Just follow the Mcap comparison with its income and assets value. In my books this share price should be more than double. GLA.
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