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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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  6.00 5.08% 124.00 123.00 125.00 124.00 118.00 118.50 1,113,117 14:00:26
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 442.8 137.5 27.8 4.4 331

Tharisa Share Discussion Threads

Showing 251 to 275 of 1200 messages
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DateSubjectAuthorDiscuss
13/7/2020
08:39
Solid NED buy
mfhmfh
10/7/2020
07:38
Vulcan plant is the key to increased revenue/profitability. currently suspended due to Covid-19. medium to long-term should be a huge boost to THS. from the video: good to see chrome prices higher. also investment in fleet/equipment over last 18 months which affected profitability over that period of time now starting to pay off with these last quarter results.
mfhmfh
10/7/2020
06:00
Thanks mfhmfh Good video. Very positive outlook. I wonder which projects they will go forward with in the next quarter.
bradders51
09/7/2020
22:34
https://m.youtube.com/watch?v=O_5i38RXdoo
mfhmfh
09/7/2020
14:36
It's my only share in the blue today. Now let's see if we can get towards £1. Fingers crossed
bradders51
09/7/2020
10:05
'Operating results for the quarter have been exceptionally strong with both May 2020 and June 2020 achieving consecutive record ROM output levels. These efforts, together with a very credible performance from the processing team has ensured our quarter on quarter production levels for both PGMs and chrome concentrates have shown increases at a time when we were not operating at full capacity. Together with good unit cost control, favourable PGM prices and higher pricing for chrome concentrate, the Company remains strongly cash generative and financially solid. Tharisa remains confident of replicating this strong performance in Q4.'
mfhmfh
09/7/2020
09:35
'Platinum Group Metals ('PGMs') production increased by 9.0% to 35.0 koz (6E basis) compared to the prior quarter' 'Chrome production increased by 3.6% to 321.4 kt compared to the prior quarter' 'PGM sales and deliveries have returned to pre COVID-19 levels'
mfhmfh
09/7/2020
09:18
Peel Hunt today reiterates buy rating with a 155p target price.
mfhmfh
09/7/2020
08:30
agree. results look good IMHO.
mfhmfh
09/7/2020
06:36
They look good Bradders. The ask has been moved to 69p pre-market already. Could be a good day ?
tebboc
06/7/2020
13:21
Q3 production figure due Friday. Maybe someone has had a sneak preview?
bradders51
06/7/2020
06:07
Same bradders. I bought in at 68p thinking they looked cheap still and a good recovery play - doh
tebboc
02/7/2020
13:38
Blimey. First time they've gone up since I bought them. Call me Mister Timing :-(
bradders51
27/6/2020
11:59
Investors Chronicle article. May 22nd Even a global pandemic couldn’t halt the skyrocketing palladium and rhodium price, which saw Tharisa’s (THS) earnings for the first five months make up for the shutdown in operations in March. The miner’s basket price – which covers its platinum, palladium and rhodium products all rolled up together – climbed by almost 60 per cent in the six months to 31 March, compared with the year before, to $1,612 (£1,320) per ounce (oz). But big investment in reshaping the open pit at its Tharisa mine, and spending $20m on its mine fleet, kept a lid on cash flows – cash from operations dipped 8 per cent to $41m. The run of spending is slowing after a year of mine renewal. Capital expenditure for the rest of 2020 is guided to be $21.9m, down from $47.7m in the first half, which should boost free cash flow in the back end of the year. Chrome prices remain a drag on earnings, however, with a 15 per cent drop in the concentrate price to $138 per tonne (t) in the first half. The company said prices had already hit $155/t this week because of improving demand from the Chinese stainless steel market and destocking at ports in the country. Chrome provided 40 per cent of Tharisa’s revenue in the first half. As we’ve noted in the past, the platinum group metal (PGM) price explosion came at a good time for Tharisa because it was deep in a high-capex phase. While this means the benefits of the record prices have not completely flowed through to investors, it does mean that the spending is out of the way and the mine is in better shape. Buy.
bradders51
21/6/2020
12:16
https://www.thisismoney.co.uk/money/investing/article-8422867/SMALL-CAP-IDEAS-Tharisa-set-bounce-lockdown.html
mfhmfh
26/5/2020
11:48
FIL Limited almost doubled their holding at a price of around 80p from 5.21% to 10.11% in February this year.
mfhmfh
26/5/2020
11:46
Capex in first half was $47.7m for re-shaping the open pit and investing in mining fleet. Whole organisation now in better shape. Capex exepcted to be $21.9m for second half. THS has not yet felt full effects of strong/increased PGM/chrome prices in first half due to Capex. Should see the benefits of increased profit, cash flow, etc. in the 2nd half. Competitor mines are struggling somewhat. All IMHO.
mfhmfh
26/5/2020
09:56
Decent interview mfh cheers. Others must have seen it, we're blue:) H2 seems to me could be pleasing with continued price strengthening, lower expenditure and fuel and fx working in our favour.
paleje
21/5/2020
16:55
https://m.youtube.com/watch?v=z3KhiG2oRo4
mfhmfh
21/5/2020
12:34
Thanks mfh we've got something to look forward to then. Not too far forward hopefully.
paleje
21/5/2020
09:24
Peel Hunt today reiterates buy rating with 155p target price.
mfhmfh
21/5/2020
07:07
What a palaver to get information. Seems to me they're doing ok, profits up with pgms remaining strong and chrome improving. Nothing astounding but nothing nasty either imo. From the (massive) report:- Chrome market update The reporting period was defined by weak chrome prices. As at the end of 2019 there was an overhang of ferrochrome inventory particularly, resulting from the excess of imports into China during Q2 FY2019. The market contracted at the end of 2019 when China responded to COVID-19, in part, by shuttering production. This was exacerbated by Spring Festival late in January 2020 owing to seasonally adjusted production and demand cuts. This coupled with supply chain disruptions elevated port inventories of chrome ore in China which peaked towards the end of April 2020 at over 4.2Mt. From March 2020 there was a de-stocking of stainless steel in China spurring price. Similarly the resumption of normal production levels of stainless steel in China has been met with a corresponding demand for ferrochrome and consequently chrome ore. The domestic price of ferrochrome has increased by RMB250/ per tonne and chrome ore by 25% or RMB 0.04/ dmtu post the reporting period. At the time of writing the report seaborne prices rebounded to above US$155/t CIF main ports China. Supply from South Africa has dwarfed demand and will remain interrupted for some time. The price of chrome is expected to have support at higher levels for the remainder of the financial year. PGM market update Fundamentals for the platinum group metals remain robust. Tharisa believes that while demand has slowed, particular in autocatalysts as they are directly linked to economic activity and manufacturing supply chains, supply will remain interrupted for longer than anticipated as mines, in particular in South Africa, deal with complex recommencement of operations and COVID-19 related disruptions. Data from Johnson Matthey sees an interesting dynamic, where autocatalyst demand is expected to fall by at least 15% to 20%, while in parallel PGMs supply will slow by more than 20%, as mines shut and network disruptions lead to a slowing in recyclable material coming back to the market. SFA Oxford have stated that mine closures are set to cut South African supply by more than 20% this year. The World Platinum Investment Council meanwhile said in its most recent update that while COVID-19 naturally has a negative effect on the demand for platinum, the latest result for Q1 CY2020 demand was less impacted than expected, maintaining a positive outlook for the remainder of the year. Tharisa believes in the unique properties of PGMs, which will mean the long-term demand for the metals remain healthy, coupled with reduced and disciplined producer supply of new ounces into the market, will underpin the balance and ensure prices remain strong for the next 24 months at least. Delays in projects, together with tighter capital markets for new developments from proposed new entrants, will mean new supply will be delay
paleje
20/5/2020
11:33
let's see what tomorrow brings
mfhmfh
10/4/2020
15:36
It was a good update but I think just too much reading when there's so much simpler stuff happening elsewhere. That's often when you can pick up a bargain not a spike.
paleje
09/4/2020
20:24
That was a very late reaction to this morning’s RNS, but no complaints as it gave me the opportunity to double up. Maybe a fund manager or HNWI wanted to question management prior to piling in...
the skipper
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