Tharisa Dividends - THS

Tharisa Dividends - THS

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Stock Name Stock Symbol Market Stock Type
Tharisa Plc THS London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
-2.00 -1.87% 105.00 16:35:03
Open Price Low Price High Price Close Price Previous Close
106.00 104.50 107.00 105.00 107.00
more quote information »
Industry Sector
MINING

Tharisa THS Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount
26/05/2022InterimUSX301/10/202131/03/202215/06/202216/06/202229/06/20220
02/12/2021InterimUSX530/09/202030/09/202103/03/202204/03/202216/03/20229
27/05/2021InterimUSX401/10/202031/03/202117/06/202118/06/202130/06/20210
16/05/2018InterimUSX201/10/201731/03/201807/06/201808/06/201820/06/20180

Top Dividend Posts

Top Posts
Posted at 11/1/2023 09:38 by tigerbythetail
SLP is a good company, and it has been good to me. But I agree that it is not a particularly interesting investment at its current price and with its current prospects.
(BTW, SLP does of course produce a lot of chrome. It just gives it away for free to its "host miner" partner).
THS is objectively a much bigger company - about twice the production of PGMs plus large volumes of chrome + the Karo build.
That SLP currently has a similar market cap to THS is objectively bonkers. And I write this as an SLP admirer.
I have to agree about JLP - too much Colin Bird (still). (And don't think Leon Coetzer hasn't learnt many lessons from the old master of AIM!).

Posted at 11/1/2023 08:51 by 1jbrisky
Sotolo,
I agree entirely. The fact that the SLP share price is even within 20% of ours, let alone in front, is short term crazy.
I posted similar a few months ago. I have until recently, always been invested in both companies (but never, by the way JLP, I have a Colin Bird aversion) but I now view SLP as a mature business and I'm no longer invested. Karo gives us the opportunity to pretty much double the size and profit of THS within the next 2 years and in my view is very much a growth company.
Chrome sales and the margin of error given the share price mitigate any Zim geographical risk. The short term reduced Divi is what many are clearly steering clear of but over 5%, and very safe, is decent.

Posted at 20/12/2022 08:59 by sotolo
Money man,over the last few year low dividend/no dividend growth companies have risen, just look at Amazon, without much payouts. THS to my mind is a growth company that happens to pay out 17% which is a huge 6% return. I invest here just because the company, as Bezos, had a long term vision, ploughs profit into the future and look to double output unlike SLP. Which should double share price ina couple of years, PGM prices willing. However chrome is near half profit and rising
Posted at 05/12/2022 07:16 by moneyman50
Very disappointing to see a cut in dividend despite an increase in EPS.Despite increase in EPS total dividend cut from 9c to 7c per share for the year and virtually the minimum amount according to the dividend policy.!
Where is the special dividend previously hinted at due to high profits?

Posted at 02/12/2022 16:21 by moneyman50
Tharisa dividends have also been paid without the deduction of any withholding tax to UK residents .
Any thoughts on final dividends-EPS last year 37c per share -this year indication 41c to 42c per share (without accounting for profit on Karo acquisition )
Last years total dividend 9c per share (4c interim plus 5c final)
So far this year we have only had 3c per share interim so being optimistic final could be 6c or 7c per share making total of 9c or 10c per share for this year.Net cash is up approx $30 million at 30/9/2022 compared to 30/9/2021 .Any dividend cut might look bad seeing BEE interest (and cut dividends usually have negative effect on share price)has been converted to shares and still loads of cash retained to part finance Karo.

Posted at 02/12/2022 12:47 by redtrend
Spawny - THS is a Cyprus registered company so it is my understanding there is no withholding taxes between THS and its shareholders when dividends paid.

However when THS release their accounts on Monday there will be line items for withholding taxes, I assume between THS own entities. Based on double taxation treaty I think withholding tax between SA and Cyprus is 5%, subject to unredeemed capital balances offsetting any amounts. However i'm on my mobile so can't fact check myself, but having a look at THS Accounts 2021 could provide better answer.

Posted at 29/11/2022 11:13 by brucie5
What do we make the prospective dividend yield here, please?
Posted at 29/11/2022 08:15 by moneyman50
Ridiculous share price-should be at least double -well done Tharisa for a great performance
Interesting company has twitted about a record dividend.
Last year total dividend was 9c and there was an interim dividend of 3c per share in June this year.This implies a final dividend of greater than 6c per share-6.5c to 7c per share final dividend ?

Posted at 01/11/2022 13:28 by moneyman50
Sotolo-a lot of people rely on dividends to fund everyday living expenses- there are too many companies that keep putting off paying dividends promising returns one day.
Ths has promised to distribute at least 15% of there post tax profit as dividends -to Welch on this with the cost of living crisis would not be honorable.

Posted at 11/10/2022 19:48 by jane deer
Dividend depends how much board want to risk with Karo financing. Gross cas $143m (net cash $78m) . THS indicated around $130m needed to fund THS's equity financing of Karo on last update (at end-March), when project cost was $310m and $120m was hoped to be debt financed. Since then the total project cost is only likely to have increased and the debt availability to have deteriorated.

What management hopefully will avoid is being too aggressive on divs etc, see the metal markets tank and then have to do an equity raise (in a weak market) to fund any overspend on Karo. I see Wednesday's ImC call is also titled as a Karo Update.

That said, if metal prices stay at current levels and production is on target, then definitely financing Karo and the dividend should be no problem.

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