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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 2.36% 130.00 129.00 131.00 130.00 128.00 128.00 241,121 16:14:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 279.0 9.1 3.3 44.8 347

Tharisa Share Discussion Threads

Showing 501 to 525 of 1125 messages
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DateSubjectAuthorDiscuss
31/3/2021
10:29
My musings and calcs https://twitter.com/croasdale01/status/1377190453519527937?s=21
croasdalelfc
31/3/2021
07:51
Q2 is when the rhodium price kicked up . $4000 has been quoted as a basket price recently - THS get 85% after buyers discount.My numbers are averaged over half year - $300m nailed on with some possible upside to $310m
croasdalelfc
30/3/2021
23:06
for first half I have a ebitda of 176 million dollars pgm revenue 200 to 205 million aisc for pgm 80 million pgm grss profit 120 million chrome revenue 120 million arxo metals 20 million 35 to 40% gpm for chrome makes a profit of 40 to 48 million therefore gross profit is 160 t0 170 million dollars + arxo metals profits 5 miilion capex 25 vulcan + 25 other capex therefor profit 125 million - deduct tax and bee share if prices stay as off today second half pgm 275 to 280 million chrome revnue 130 0 140 million arxo revenues 20 million
bubloo
30/3/2021
16:25
In the latest quarterly update they quoted spot PGM at the time of $2995 an oz so your numbers could turn out conservative Croasdalelfc. My model has annual revenue of $700m, but I'm an optimist by nature.
overeager
30/3/2021
11:20
H1 is in the bag - average PGM prices around $2500 an ounce. Add in approx 12% extra mined and buoyant Chrome prices then I get revenue for H1 over $300m. Upside is $310m .H1 2020 was $195m so probable 65% revenue increase in H1. Also Q1:Q2 breakdown is 40:60% so the real revenue upside will be felt in Q2 through to Q4 if prices remain high
croasdalelfc
29/3/2021
17:19
that is 777000 pgm ounces. this is close to 5 times the annual production of Tharisa
bubloo
29/3/2021
12:30
yes saw that, still 22t of lost pgm production.
ukgeorge
29/3/2021
11:41
Nornickel Seem to be saying now will be back to full production by summer
sotolo
29/3/2021
09:35
surely they should announce an extradorinary dividend, roll on results being exceptional
ukgeorge
26/3/2021
11:01
just had a top up 4,896 @143.43p Roll on these high prices translating into growing cash flows.
ukgeorge
24/3/2021
23:12
I make it a bit over $200m by the time tax, processing costs and extra capex taken off, but; obviously market doesn’t believe these extraordinary bubble prices can be sustained, but if prices quickly fall back a third, profits would be under $100m for a PE of 6 which is normal for Tharisa at this stage of the cycle. Now if this bubble was to be unusually sustained and market is wrong we shall all get rich, but market often predicts right
sotolo
24/3/2021
19:52
Nornickel's flooded mines are now being estimated at 12 months to clean up, not the 3 to 4 months as initially advised. If true, will support PGM for a while longer. hTTps://twitter.com/AK47PFL/status/1374750410339139585
farnesbarnes
24/3/2021
15:29
Thanks Overeager
ukgeorge
24/3/2021
13:16
UK George, I'm going to stick my head above the parapet based on my scribblings: Assuming production is in the middle of guidance and that commodity prices remain broadly as is, I can see net profit of $325M for 2021 and EPS of getting on for $1. To me these figures seen incredible and I keep re-checking my understanding, however, I can't be far out. This is based on 160000oz of PGMs and 1.5mt of chrome concentrates. Imagine what will happen when the near term goal of 2000000 of PGMs and 2mt of chrome concentrates is achieved.
overeager
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
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