Tharisa Share Discussion Threads

[ukgeorge] 15/4/2021 08:33

I hope you are right but, the latest RNS shows Rance Holdings Limited also selling some and they own 14.7%, 40M shares. So they could also be an overhang if they plan to sell more.

I think the market is taking current Rhodium prices as a short term event. Obviously every day that prices are high is a bonus to THS. Hopefully prices remain high and and ths can make 50p ish per share this year.

Then hopefully we will have a decent dividend and some new projects largely funded.

[bubloo] 15/4/2021 08:28

UK George. Is there are recording of the 13th presentation. I remember reading Phoevus was presenting but cannot remember on which web forum. Can you please help

Many thanks

[jon4567] 15/4/2021 08:19

It's never too early to be on the sauce :) Seriously though, in the coming weeks Fidelity will have stopped flooding the market with shares. Then H1 financials at the end of May will hopefully see an influx of new investors.

[ukgeorge] 15/4/2021 08:08

bit early to be on the sauce Jon....

[jon4567] 15/4/2021 08:01

220 is conservative. I think we could see that by the end of May...

[mighunter] 15/4/2021 07:13

Peel Hunt raises Tharisa target price to 220p from 195p

[farnesbarnes] 14/4/2021 18:08

THS tweet:

htt ps://platinuminvestment.com/files/sixtysecs/WPIC_60seconds_Builtforspeed_04142021vFINAL.pdf

[martinfrench] 13/4/2021 18:21

thanks george

[ukgeorge] 13/4/2021 18:03

Phoevos Pouroulis presented this evening

Guidance 155-165 is still on track post

want to grow to 200koz over next 18 months

Smelter to capture 15% margin

Additional assets should provide growth for shareholders

Salene (chrome) is very high grade and would get a premium
Karo very exciting.....new mine expected to be low cost

Off take agreement in place until october 2022 for the current pgm production

Chrome 25% of revenue currently PGM 75%

Generating a lot of cash half year financials will show this

Good presentation, the moderator and questions weren't very good.

[rogerramjett] 13/4/2021 16:17

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

[overeager] 13/4/2021 09:49

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 09:28

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 09:22

"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 08:24

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 07:28

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 06:55

I particular liked the dig at Nornickel :)

[rogerramjett] 13/4/2021 06:34

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 06:29

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

[jon4567] 13/4/2021 06:21

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 06:17

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 06:16

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

[croasdalelfc] 12/4/2021 13:41

Most financials not until late May

[croasdalelfc] 12/4/2021 13:40

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

[farnesbarnes] 12/4/2021 13:21

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.