Tharisa Share Discussion Threads

[rogerramjett] 13/4/2021 17:17

Overeager. Thanks. I had rough estimate of 9p in mind. Any more is a bonus.

[overeager] 13/4/2021 10:49

Rogerramjett, Consensus dividend forecast for 2021 is $0.067. I'm looking for net profit more like $200m which at a 15% payout would be approx 12p per share. (Don't hold me to this - this depends on PGM prices holding up)

[rogerramjett] 13/4/2021 10:28

What is the expected interim dividend based upon these production figures, estimated revenue and FCF ? Usually 15% of net. Anyone able to work that out ? Roughly of course ?

[overeager] 13/4/2021 10:22

"at least it all appears to be self funding and that is what you want as a shareholder steady as she goes" Exactly - historically the ramp up in production capacity would have had to be funded by borrowing - now it's coming out of operating cash flow. Update is bang in line with expectation and onward and upward from here.

[ukgeorge] 13/4/2021 09:24

hTTps://www.proactiveinvestors.co.uk/companies/news/946378/tharisas-healthy-production-numbers-boosted-by-strong-platinum-group-metals-prices-946378.html nice summary

[ntv] 13/4/2021 08:28

I don't know why people were expecting special dividends because they are expanding production and spending a lot of capital at least it all appears to be self funding and that is what you want as a shareholder steady as she goes

[farnesbarnes] 13/4/2021 07:55

I particular liked the dig at Nornickel :)

[rogerramjett] 13/4/2021 07:34

Yes. So quarterly revenue will have increased quite a percentage over Q1. H2 with that basket price and an increase in production over H1 will be even better. On track for a bumper year. Not a trade for me as they are showing operational growth in Vulcan as well as mining a product that is in deficit with a rising and sustainable price. Even with a fall in the basket price its still very undervalued considering margins will increase as a result of higher basket price and Vulcan in operation.

[ukgeorge] 13/4/2021 07:29

Basket price increase 40 percent quarter on quarter averaging 3290 and currently sits at 4011.Excellent

[jon4567] 13/4/2021 07:21

Sotolo the second quarter production is always the lowest. Its because of festive holidays and rainy season. Update is exactly as expected.

[sotolo] 13/4/2021 07:17

Well sadly your guess looks wrong on all counts at quick reading. With PGM down 9% and more expensive chrome transport etc, seems cash is $31m not over $50 as you hoped so no special divi announcement

[ukgeorge] 13/4/2021 07:16

26M cash increase in the quarter, production all in line :)

[croasdalelfc] 12/4/2021 14:41

Most financials not until late May

[croasdalelfc] 12/4/2021 14:40

My guess is $305m H1 revenue >$50m net cash and dividend announcement.

[farnesbarnes] 12/4/2021 14:21

Substituting Rhodium with Palladium -hTTps://www.spglobal.com/platts/en/market-insights/latest-news/metals/031221-feature-analysts-deliberate-whether-auto-manufacturers-can-tolerate-high-rhodium-prices#:~:text=Savant%20said%20platinum%20and%20palladium,standards%2C%22%20the%20analyst%20said.

[davebowler] 12/4/2021 14:19

Substituting Rhodium with Palladium -hTTps://www.youtube.com/watch?v=LDSkqn9SBuQ

[ukgeorge] 12/4/2021 13:51

hTTps://www.sharesmagazine.co.uk/events/event/shares-investor-evening--webinar-130421 Tharisa presenting

[martinfrench] 12/4/2021 10:38

just added a little 2k purchase, dont expect fireworks tomorrow, prob at best into late 150s of more interest the financials

[martinfrench] 12/4/2021 10:09

i have my near term (prob a yr) of slp at £2 and ths at £3, nice round numbers so not too much analysis, but i know the value of both and both are very possible, but as everyone says, really depends on rhodium if rhodium stays above 25k these should be quite easy to achieve

[ukgeorge] 12/4/2021 09:01

Given the current profitability a target price of £3+ could be considered conservative. Obviously very much depends on how long rhodium prices are so high.

[farnesbarnes] 12/4/2021 08:45

Exactly my thoughts too George, albeit I have a target a bit higher than 160p.

[ukgeorge] 12/4/2021 08:42

If I put my rose tinted spetacles on when looking at the share price chart I see a cup and handle pattern. These are a continuation pattern. There also doesn't look to be much obviouse resistance. 160p area is the previous all time high so some there. Roll on an excepetional dividend I think 9p this year would be about right using the 15% payout ratio.

[ukgeorge] 12/4/2021 08:30

just had a top up 3,341 @ 149.5p Production results tomorrow. Roll on Rhodium prices remaining high for a long time

[martinfrench] 09/4/2021 19:27

same here rog, started early on slp, and have done very well, never really considered tharisa too much because it is a bit sluggisg, but have been building from 128 added today, dont like it but apparently its what we should do :-)

[rogerramjett] 09/4/2021 17:05

Not one for averaging up but my conviction here has grown. Added twice this week both times at a higher price. Its an easy buy and hold for me. PGMs will be required for clean tech such as electrolysers and some fuelcell systems as well as the know catalytic converters etc. Basket price is looking very good. Operational growth will only add to the bottom line. No estimates of MCap but believe this could have a way to go yet. Certainly attracted attention this week.