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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 476 to 500 of 1675 messages
Chat Pages: Latest  31  30  29  28  27  26  25  24  23  22  21  20  Older
DateSubjectAuthorDiscuss
24/3/2021
08:48
Has anyone got any estimates on earnings per share?

I guess one thing holding the share price back is that there is little information on the new projects Karo and Salene and they are in Zimbabwe.

It would be good to have more information on the expected costs of these projects. My concern is that all the fcf is going to just be spent on projects

ukgeorge
23/3/2021
21:38
Looks like I made a mistake in the basket calculation.

I will revise it.

Thanks for comment on refinery.

Less cheap than I thought it was but still very cheap.

rjmahan
23/3/2021
19:36
You should also consider that the refinery takes 15% of the value of the metals too so revenue is only 85% of the value of the pgm produced, at the moment the refinery is making 600 usd per basket oz revenue off a probably 100 usd cost, hence Tharisa looking into bringing this in house.
catsick
23/3/2021
12:18
Iridium shouldn't be ignored as it makes up 6% by revenue at current prices . My calcs make the 6E basket average for Q2 $3400. Tharisa get 85% of that. The 15% is the discount the buyer gets.I estimate revenue for H1 at $ 290m for metals and $17m other income : Gross $307m. 58% up on 2020.The split Q1:Q2 would be approx 45%:55%.
croasdalelfc
23/3/2021
12:09
In the middle it should say : Rhodium makes up 9.5%
croasdalelfc
23/3/2021
12:08
You have a circular pizza and cut it into 6 different size portions. Gold and ruthenium are the smallest portions and make up 14.4% and 0.2% of the big pizza. Rhodium makes up Now remove them and reassemble the pizza.You have a smaller pizza but Rhodium is now 12% of it.The 160000 Oz to be mined this year is the big pizza. :)
croasdalelfc
23/3/2021
11:05
i still dont quite see how when you move from 6e to 4e it jumps to 12%, must be some interesting rounding going on there......

but i was broadly correct

martinfrench
23/3/2021
10:34
slide 5

hxxps://www.tharisa.com/pdf/investors/presentation/2021/20210310-this-is-tharisa-march-2021-ir-presentation-imc.pdf

ukgeorge
23/3/2021
10:30
croas,

I was a bit confused by their rhodium percentage, but i think it comes down to if they are quoting the 6E basked or the 4E basket.

I remember that the rhodium percentage when i first compared ths to slp was around 9.5%, which i think must be the 6E

If using 4E it might welll be 12 (hopefully) but i'm sure ths were always behind slp, who had the highest.

maybe someone can clarify....

martinfrench
23/3/2021
10:10
I am yet to be persuaded that there is any better guide for the long term price of a commodity than the current price. So while it may go higher or lower, the market price represents the consensus currently, and so is the best basis o calculate future revenues imo.
donald pond
23/3/2021
10:00
Some very interesting posts on here - thanks to everyone involved.

Can I just check my understanding? It looks to me that if rhodium prices stay at current levels, revenues (and profits) increase by approx £250m. This is obviously not guaranteed long term, but from what I've read this could easily be a feature for some time to come.

Am I basically on the right track?

overeager
23/3/2021
09:45
Rob - THS basket has 5 metals and a dusting of gold . Your blog report highlights just 3. Your analysis states Rh is 12% . THS presentations say 9.5% . That one calculation moves your numbers 20%.You also don't include iridium 4.3% or Ruthenium 14.4%.Nice blog btw.
croasdalelfc
23/3/2021
09:20
Hi Rob, just had a look at your blog and comments on Ths, I would encourage you to pull the plug on your job and try punting full time, I did 13 years ago in my late 30s and never regretted it. There are not many cheaper stocks than THS but if you like Russia then Etalon is worth a look and on the o+g side I3 is about as under valued as THS once you understand the recent transactions...
catsick
22/3/2021
21:28
Ok, thanks

Mcro is microfocus, take a look, it could be your sort of thing

martinfrench
22/3/2021
17:11
I do low level data analysis - something nice and undemanding so I can focus on stocks.... At this point it costs me money but its nice not to depend on stocks and is psychologically good in a down month.

Interest in Russia - its very, very cheap and mispriced. I UK/US/EU many overpriced stocks.

Never heard of mcro.

rjmahan
22/3/2021
12:20
its the man himself....

got a couple of questions if you dont mind.....

may i ask what is the day job you are thinking of giving up ?
why so much interest in russia ?
as your into value investing (as i am), didnt notice mcro in your portfolio ?

martinfrench
22/3/2021
10:59
Thanks ,,😃
rjmahan
22/3/2021
07:35
Second great website I've found this morning. Good work Rob! :)
farnesbarnes
21/3/2021
22:06
My thoughts on this are here:
hTTps://deepvalueinvestments.wordpress.com/2021/03/21/tharisa-ridiculously-cheap-high-rhodium-price-means-a-likely-pe-well-under-4/

rjmahan
20/3/2021
00:44
Think the only thing that is holding this back is the city wants confirmation of that at the interims - personally it looks locked on to me.
podgyted
19/3/2021
09:45
At the current PGM and Chrome prices, my quick and dirty calc suggests Tharisa are making around $10m gross profit EVERY SINGLE WEEK
jon4567
19/3/2021
09:28
Fishing for stops at 140 Onwards and upwards
basem1
18/3/2021
17:03
This is like a fruit machine that is stuck on pay out or hitting the jackpot on every spin, on a chrome basis it is negative cost of a couple hundre dollars per tonne thanks to the by products from rhodium, palladium, iridium and platinum
ukgeorge
18/3/2021
16:38
great finish :) booom
ukgeorge
18/3/2021
15:27
Palladium currently up 8.2% on the day as well.
x54v
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