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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Tharisa Plc | LSE:THS | London | Ordinary Share | CY0103562118 | ORD USD0.001 (DI) |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -0.50 | -0.74% | 67.50 | 68,940 | 10:48:02 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 67.00 | 68.00 | 68.00 | 67.50 | 68.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Miscellaneous Metal Ores,nec | USD 649.89M | USD 82.24M | USD 0.2743 | 2.52 | 206.86M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 13:16:53 | O | 2,735 | 67.0001 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 15/4/2024 | 13:30 | UK RNS | Tharisa PLC Transaction in Own Shares |
| 10/4/2024 | 07:00 | UK RNS | Tharisa PLC Q2 FY2024 Production Results |
| 10/4/2024 | 06:53 | ALNC |  Tharisa performs "well" in second quarter as platinum price stabilises |
| 04/4/2024 | 07:08 | UK RNS | Tharisa PLC Transaction in Own Shares |
| 26/3/2024 | 11:50 | ALNC | IN BRIEF: Tharisa share price rallies after buyback plan |
| 26/3/2024 | 07:00 | UK RNS | Tharisa PLC US$5 Million General Share Repurchase |
| 22/2/2024 | 07:00 | ALNC | IN BRIEF: Tharisa lifts stake in Karo platinum project in Zimbabwe |
| 22/2/2024 | 07:00 | UK RNS | Tharisa PLC Results of AGM and dividend conversion rates |
| 23/1/2024 | 07:00 | UKREG | Tharisa PLC Change of independent auditors - FY2024 |
| 11/1/2024 | 07:00 | UKREG | Tharisa PLC Tharisa Q1 FY2024 production report |
Tharisa (THS) Share Charts1 Year Tharisa Chart |
|
1 Month Tharisa Chart |
Intraday Tharisa Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 10/4/2024 | 12:48 | Tharisa - PGM Producer in South Africa | 1,893 |
| 25/5/2000 | 23:02 | GRowth Stocks Investors - May/June 2000. | 3 |
| 29/4/2000 | 06:56 | Tal. Hs. Can chart be posted, hic. | 3 |
| 14/12/1999 | 17:27 | Talisman House | 1 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 12:16:54 | 67.00 | 2,735 | 1,832.45 | O |
| 11:54:23 | 67.60 | 882 | 596.23 | O |
| 11:36:05 | 67.60 | 44 | 29.74 | O |
| 11:09:41 | 67.00 | 1,250 | 837.50 | O |
| 09:47:22 | 67.01 | 10,000 | 6,701.00 | O |
| Top Posts |
|---|
Posted at 25/4/2024 09:20 by Tharisa Daily Update Tharisa Plc is listed in the Miscellaneous Metal Ores,nec sector of the London Stock Exchange with ticker THS. The last closing price for Tharisa was 68p.Tharisa currently has 299,794,034 shares in issue. The market capitalisation of Tharisa is £206,857,883. Tharisa has a price to earnings ratio (PE ratio) of 2.52. This morning THS shares opened at 68p |
Posted at 04/4/2024 14:49 by stemis Actually, although I accept the figure is likely to be a bit out of date, as at 12 October 2022 the cash cost of Karo was $1,096/PGM oz. Current Karo basket price is $1,240.61.It's excitable nonsense to claim that Tharisa have 'bet the whole company's future on Karos'. Net of Tharisa's net cash, the remaining investment in Karo (if they decided to fund it themselves) represents about 19 months ebitda. However this is the thing about cyclical industries (mining, shipping etc). When the price is low, everyone assumes it'll always stay so and so no-one invests. Then there is a shortage of capacity, demand picks up, prices surge and everyone assumes it'll last for ever and piles in with new investment. Which causes an overcapacity and prices crash. Repeat and repeat. No investment advice but the right time to invest is at the bottom of that cycle when optimism is at it's lowest. It wouldn't take much of an improvement in the basket price for Karo to be significantly profitable Whatever they decide, Tharisa management have a lot of skin in the game here. I doubt they are making their decisions lightly... |
Posted at 04/4/2024 12:27 by ianb5004 Rising nicely since the buy back announcement. I am reliably informed there has been a large holder who wanted out which has trashed the sp, compounded by pi,s panicked sells.Nothing like a low share price to trash sentiment. Logic can go out of the window during such times. Ths remains a profitable divi payer thats sat at a valuation far below its worth. |
Posted at 06/3/2024 15:32 by stemis It will be interesting to see the interims. Based on production and average basket prices in Q1 and Q2, turnover should be marginally ahead of the comparable period last year, with stronger chrome prices offsetting weaker PGM. Obviously I don't know about costs, however in comparable H1 last year company did EPS of 14p and generated (pre capex & dividends) $96m of cashflow, after a positive $23m movement in working capital.At current share price that's an annualised P/E of 1.7 |
Posted at 06/3/2024 15:10 by nigelpm Influential Twitter poster back in :#THS I have bought back some. A 48p share price is just too low giving it a market cap of £144m and last reported net cash of $109m. Chrome prices are still really high c$290/t, shorts seem to be closing on Palladium and Platinum/Rhodium are due a move up. May not do much in the short term but I just can't sit outside at this price |
Posted at 06/3/2024 10:34 by stemis Directors usually have a longer time frame than most PI's, who just want to see the share price go up in the short term, take a profit and move on, even if it means liquidating the company. They are also closer to the market than most of us. I don't imagine the board of THS took the decision lightly to invest large amount of cash (42% of which would accrue to them) in Karo. If Karo is worthless, as the share price suggests, then a great chunk of the PGM mining industry is worthless and I find that hard to believe. But in the end we will see... |
Posted at 07/2/2024 15:43 by stemis A bit more for those who don't follow LSE:-Because THS own the majority of Karo Holdings (KH), it doesn't much matter what valuation they place on the shares. Suppose KH was valued at $325m pre fund raise. THS owns 70% so it's stake is worth £227.5m. THS injects £65m for another 5% so KH is now worth $390m. THS now owns 75% so it's stake is worth $292.5m (amazingly $65m more; the amount it injected). However let's suppose KH was only worth $125m pre fund raise. THS owns 70% so it's stake is worth £87.5m. THS injects £65m for 5% so KH is now worth $190m. THS now owns 75% so it's stake is worth $142.5m ($55m more; but only $10m less than it injected). |
Posted at 07/2/2024 09:23 by stemis Tiger,I've now had chance to look at the posts on LSE. Although what is said is strictly correct, I think they are getting confused by the accounting. The gist of the argument, if I'm not mistaken, is that THS have paid $65m for 5% of the shares in Karo Holdings, valuing Karo Holdings at an incredible $1.3bn. Whilst this is true, what they haven't taken account of is that THS didn't buy the shares off the minority holder (Leto settlement) but subscribed for new shares in Karo Holding. The result is that 75% of the $65m still effectively 'belongs' (in the sense of being part of their beneficial holding) to THS. Only 25% i.e. $16m of value has been provided to Leto to reduce their holding from 30% to 25% (so from their point of view, it's valued their holding in Karo Holdings at $320m). Indeed if THS do increase their holding to 80%, that $16m 'effectively' becomes $13m. Now one can argue that the $16m should be lower, but there may be strategic (or indeed contractual) reasons why they might have agreed that figure (I don't know). However, in the scheme of things, the difference really isn't that material. |
Posted at 06/2/2024 09:19 by loganair A share price falls due to being in a disliked sector. When the share price reaches near its bottom because of this the small private retail investor sells due to fear.A share price rises due to being in the fashionable sector and when the share price is near its 52 week high, the small private retail investor piles in due to FOMO. At the moment the price of oil and PGM's are where they are shows the world is currently in recession therefore its the time when to start picking up stocks in these areas as in the next couple of years when the world comes out of recession the prices of these commodities will start to rise again. |
Posted at 04/2/2024 11:01 by loganair The upcoming earnings season for miners such as Implats and Amplats is likely to hold a few nasty surprises — but longer term, some analysts are still bullish:Earnings from platinum miners in February will tell the story of last year’s wipeout in share prices. According to RMB Morgan Stanley, earnings before interest, tax, depreciation and amortisation (ebitda) for the largest players, including Anglo American Platinum (Amplats) and Impala Platinum (Implats), will be 50%-100% lower. Dividends will be cut to “minimal levels” and capital expenditure will be slashed, it said. The year 2023 was not a good time to be a platinum group metals (PGM) miner. Amplats, Implats and Sibanye-Stillwater shed between 64% and 36% in value as prices for palladium and rhodium cratered. After a hopeful ripple in the palladium price during the first two weeks of January — likely driven by traders covering short positions — another price correction followed. Share prices so far this year have been a continuation of last year’s form, slipping by between 12% and 14%... The rest of the article is behind a pay wall.... |
Posted at 22/12/2023 10:30 by tigerbythetail Platinum price also improving - $980 now, well off the lows of $830 or so. This is more or less the top of the recent channel, so it will be interesting to see if it can break-out over $1,000. Let's hope so.Rhodium and iridium, which together are highly significant for Tharisa's overall basket price, both stable. In short, things are looking up for PGMs. THS share price hasn't really moved to reflect this yet. |
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