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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
  3.00 3.08% 100.50 99.00 102.00 101.00 97.50 97.50 659,754 12:12:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 442.8 137.5 27.8 3.3 301

Tharisa Share Discussion Threads

Showing 426 to 450 of 1675 messages
Chat Pages: Latest  19  18  17  16  15  14  13  12  11  10  9  8  Older
DateSubjectAuthorDiscuss
09/3/2021
14:27
What's your PBT and FCF estimate for the full Yr.
gah123
09/3/2021
08:56
I have them in London (MNOD) and also in NYC they are ADRs.

Good dividends, and metal mix, one major problem the perma frost is melting which is causing big issues.

ukgeorge
09/3/2021
08:28
Sorry George - didn't mean to rub noses in it - where are they listed ?
croasdalelfc
09/3/2021
08:00
If only I didn't own a load of Norilsk Shares. They are meant to give an update to the market today of how bad the situation is.
ukgeorge
08/3/2021
19:58
Read and enjoy : Nornickel mines accounted for 13% of global Rhodium : 2 mines out of action due flooding https://www.heraeus.com/media/media/hpm/doc_hpm/precious_metal_update/en_6/Appraisal_20210308.pdf
croasdalelfc
08/3/2021
19:12
With just 3 weeks to go until half year is complete my estimate is $340m revenue based on average PGM basket for Q2 of $3400 and $160 Chrome . Also 2021 calendar year PGM revenue will beat last years sometime in May - if PGM basket prices are sustained around $3800
croasdalelfc
08/3/2021
17:47
Also the risk here is a chrome tax in Sth Africa.

It's a risk for sure, but at current prices THS would look pretty cheap based on its PGMs revenue even if its chrome business didn't exist.

fullbreakfast
08/3/2021
16:03
Thanks for your response SJ :)
rhatton
08/3/2021
15:39
sj SLP have had a seller, namely Africa Asia
Also the risk here is a chrome tax in Sth Africa.

cb7
08/3/2021
14:29
Base - I don't agree. If basket prices slide, then less buyers perhaps, but we only appear to have one large seller who only sells as price moves up (risk management?) so just means it might be even slower rise to fair value of 200p+? Edit - and of course the share price hasn't gone up with basket prices due to our seller - compare to SLP and JLP

Having said that I don't think the exceptional rise in PGM prices will last forever so I have modeled longer term based on a basket of just $2k for PGMs (vs $4k+ currently and $1.7k last year) and chrome at a very undemanding $170. That is very much my low case going forward but even with that and an increase in costs fair value is over 200p with a PE of just 7! That is why I see this as zero risk currently with upside even in my worst case forecast. My investing technique is to avoid downside risk and at present this fits that nicely.

My model current 2021 PE based on actual to date and spot going forwards is just 2.3! at 135p
Edit and it's not just me as a PI that thinks that! The Company are shouting it from the rooftops in every presentation with supporting evidence! All freely available on their website and via twitter
Here for anyone interested - take your pick! - very active promoting at the moment!
hTTps://www.tharisa.com/ovr-presentations.php

sailing john
08/3/2021
13:35
The only problem with that comment is that if the basket price starts to slide we will come down with it It does defy logic as to who is selling at present though
basem1
08/3/2021
13:21
rH - Jumped ship on PLUS in late Nov - worried about Cust P&L and I don't do risk - stopped posting over there early Nov other than odd comments about divis in Jan. I think given PI interest in stock markets in January PLUS will have another bumper Q1 for Revenue but I think Jan and Feb might have been poor for Cust P&L and I have model numbers similar to Q4 in terms of both Rev and negative Cust P&L. But it's impossible to monitor Cust P&L other than by looking at exposure to popular trades (so just a guess) and I have concerns about some big and predictable moves in popular instruments including cryptos. Still watching but sitting on hands until after Q1 at least
Sorry about off topic everyone

Regarding THS - I can't see any risk here currently with basket prices and Chrome moving up each month. We have a large seller feeding market (FIL or Maaden? others seem solid over recent years) with large trades on every upwards move suggesting they have reached their risk mangement limits and are a forced seller. Every move up perhaps breaches the limit again hence it will be a slow but steady climb. Add to that we appear to be off radar compared to other similar sized SA PGM producers such as SLP and JLP. No hurry if all the pressure is to the upside
nai SJ

sailing john
08/3/2021
12:59
Shame it's not doing an SLP today
basem1
08/3/2021
12:39
Thanks SJ - always informative posts :)
Are you still in plus?

rhatton
08/3/2021
12:33
Hi rH - good to see you here

Tharisa very active on Twitter with info about PGM basket price and Spot Chrome
Today's tweet - "Chrome continues on the up, spot trading around $180"
Plus a chart vs Stainless price and it looks to me that Chrome ore has a little catching up to do! but trend clearly up for both Stainless steel and chrome ore at present
https://twitter.com/tharisa_sa

Also I like that they feature staff and tweeted support for Women's day. Nice to invest in a company that cares for staff.

sailing john
08/3/2021
12:07
Joined here with a position this morning. Impressive buying with not much share price movement.
rhatton
05/3/2021
10:27
Rhodium $1m a kilo. THS produce 1.2 kilos a day
croasdalelfc
04/3/2021
11:42
Chrome $180 spot according to mew presentation up from $165
croasdalelfc
04/3/2021
07:55
Impressive

hTTps://twitter.com/tharisa_sa/status/1367353648230055943

x54v
03/3/2021
15:14
Yes, volume very strong today in particular and has been building along with the gentle rise last month.

A lot more people becoming interested as they pick up on just how undervalued THS is at the moment.

x54v
03/3/2021
15:08
Volumes are looking very good to support a breakout, gla
texaspete2
03/3/2021
12:12
The figures forecast ( rev.profit eps etc) for 2021 look very good but they seem to stall for 2022. Any one know why.?
arcadian
03/3/2021
11:26
"My crystal ball wasn't working when I mentioned #THS a weeks before Covid kicking off. Nevertheless it's almost x2 since and as I ref'd a couple of weeks back it's very cheap still - I make it second to only #FXPO in the mining category at spots. The next move possibly starting"

hTTps://twitter.com/baroninvestment/status/1367070358432591875

x54v
03/3/2021
09:30
Looks like the breakout is starting, thanks for you analysis Sailing John.
ukgeorge
03/3/2021
08:41
Basket hits $4k . Close to $900m runrate at these prices . 5 months into the year and $750m minimum revenue is pretty much nailed on
croasdalelfc
Chat Pages: Latest  19  18  17  16  15  14  13  12  11  10  9  8  Older
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