Tharisa Share Discussion Threads

[basem1] 28/5/2021 09:30

Finally a day when it looked like the brakes are off and all we have is sellers. Very frustrating

[dunns_river_falls] 28/5/2021 07:32

Rhodium recovered strongly yesterday, got to be a positive for Tharisa.

[nigelpm] 27/5/2021 21:03

Always worries me when management ever refer to the share price. Best to ignore it and run the business well.

[farnesbarnes] 27/5/2021 20:51

Agreed. Just finished watching the afternoon Q&A. Very encouraging medium to long term plans, and you sense the frustration re: share price PP comments at the end about "remember when the share price was 140". I hope he's right.

[ukgeorge] 27/5/2021 20:08

This afternoons presentation was better than the morning one, had more information on the projects and they addressed some of the concerns in regards the share price. It is worth a listen to. Looks like a bright future ahead for THS.

[dubai123] 27/5/2021 17:07

Live presentation just started on investor meet company looks very interesting

[rjmahan] 27/5/2021 11:07

I asked them about where they got their Rhodium price from, they said it was from JP morgan.

[basem1] 27/5/2021 09:33

Looking perky now when testing the limits online It has not felt like this for a while. A 150 plus close I think

[ukgeorge] 27/5/2021 09:33

The results will be presented at 11:00 (Johannesburg UTC +2) (10:00 London UTC+1) via conference call.

Please see details below for the results conference call:

hXXps://mm.closir.com/slides?id=553426

[cappajumping] 27/5/2021 09:31

Rerunning Full Year numbers based on Rh@$20k, Pt 1200 and Pd 2800, chrome unchanged at $146 brings Rev c$720m on 155k ozs and 1.3mt chrome, using prod guidance. EBIT in the region of $270m. Mkt Cap today $560m (£440m.). Is Rh going to crash, absolutely not, its come off its searing highs prob more sustainable $16-$24k and the rest of the western worlds industrial production still muted, when the automotive chips start flowing again there are going to be a lot of new vehicles demanded and these metals will stay strong, not crash. None of the above takes into account increases in production or cost optimisation gains and we know there is plenty of both about. Still think this will rerate over the next few weeks. FY 22 - if we hold above pricing for Oct21-Sep22 we still get Revenue of $725m and EBIT c$290m.

[dubai123] 27/5/2021 08:34

The company are presenting live to investors on investor meet company today so it will be good to hear from the team

[jason_scrap] 27/5/2021 08:27

Decent news... very much price in though I think. Hence the muted reaction

[farnesbarnes] 27/5/2021 06:56

REEF MINED PGM PRODUCTION CHROME CONCENTRATE
2.5 Mt 5PGE+Au PRODUCTION
up 8.7% 75.1 koz 730.7 kt
(2020: 2.3 Mt) Up 12.9% up 12.0%
(2020: 66.5 koz) (2020: 652.6 kt)

REVENUE OPERATING PROFIT EBITDA
US$313.6 m US$104.5 m US$124.2 m
up 61.2% Up 368.6% Up 243.1 %
(2020: US$194.6 m) (2020: US$22.3 m) (2020: US$36.2 m)

PROFIT BEFORE TAX EARNINGS AND HEADLINE DIVIDEND
US$104.6 m EARNINGS PER SHARE US 4 c
up 497.7% US 21.4 c and US 21.9 c
(2020: US$17.5 m) EPS up 494.4% and HEPS up
491.9%
(2020: US 3.6 c and US 3.7 c)


edit - ROIC 35%

[cappajumping] 27/5/2021 06:42

Superb half yr results - $124m EBITDA up over 200% yoy. $100m Operating profit !!! Interim Dividend 4c !!. Fly high share price.

[basem1] 26/5/2021 12:04

That would be nice

[farnesbarnes] 26/5/2021 11:54

2 to 3p being kicked about

[basem1] 26/5/2021 11:45

Is there likely to be an interim dividend announced tomorrow ? Last year I do not believe one was announced but our EPS is 6 x higher this year TIA

[farnesbarnes] 26/5/2021 11:07

hTTs://platinuminvestment.com/files/782345/WPIC_Platinum_Quarterly_Q1_2021.pdf

[farnesbarnes] 26/5/2021 09:54

Well, the Chinese probably got what they wanted in terms of a decent spot discount and are very probably stockpiling for the forthcoming chip supply.

[martinfrench] 26/5/2021 09:27

23000 on metails daily. but would imagine rh being very very lumpy in terms of orders being taken and suppliers coming to mkt, therefore it will swing quite wildly.

i doubt whether there is steady buying daily and steady supply coming to mkt

[farnesbarnes] 26/5/2021 09:18

GSG np. Its the smallest of my 3 holdings ;)

The fact that Kitco, BASF, JM and Tharisa are so different may suggest how thinly traded and volatile the Rh market is. Or perhaps bid/offer / spreads?

I'm thinking Kitco are out tbh.

[martinfrench] 26/5/2021 09:18

fb,

where the hell have they got that rh price from ??

must be fresh because of the other prices, makes you think......

[spooky] 26/5/2021 09:14

The Kitco price has to be dollars IMO, the price on the other PGM is ballpark right, but i don't understand why the rhodium price is so different from JM price.

[gsg] 26/5/2021 09:13

FB. I've nicked your post for the jlp board.