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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
  2.00 2.06% 99.00 98.00 100.00 99.00 97.00 97.00 282,006 11:12:13
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 279.0 9.1 3.3 34.2 264

Tharisa Share Discussion Threads

Showing 901 to 925 of 1050 messages
Chat Pages: 42  41  40  39  38  37  36  35  34  33  32  31  Older
DateSubjectAuthorDiscuss
16/7/2021
09:11
SA what a mess. Just watched a news story on the lotting and riots
lennonsalive
14/7/2021
20:53
Price drop must relate to the problems in SA. It is a disaster zone at the moment.
nigelpm
14/7/2021
16:38
Thanks for the useful comments and yes Tiger I agree they do have skin in the game. Something I think is good providing they don't dominate the minority shareholders which, to date, I haven't had a sense of.
adamsmithfreetrader
14/7/2021
15:41
Sibanye Stillwater is listed in Johannesburg! (And it has operations in Canada as well as South Africa). Maybe it's investors are more objective! I can't help but think that our UK press has something to do with the sharp drops that SLP and THS have suffered today. E.g. if you read the reporting in the Telegraph, then you'd think South Africa is on the brink of disintegration. Which I think is far from the truth, but my guess is that some investors have reacted to that. Ragnar is unquestionably a sharp cookie, and it's always worth reading his posts carefully. But I think he's overstated things. I guess we're all a bit frustrated with the share price. Rhodium $19,700 right now (JMAT). I think it will go back to $30K rapidly if there are any serious threats to South African production (which constitutes the bulk of the world's supply).
tigerbythetail
14/7/2021
14:25
interesting to read Ragnarlothrok on LSE board who said a bit earlier today "Unrest has nothing to do with it. Impala/Sibanye +5% today so far". As far as I can see rhodium should rise on SA political problems?
sotolo
14/7/2021
13:08
My comment on another of my PGM shareholdings (SLP) ring true here also.. PGM prices are currently significantly higher than 12 months ago. The majority of the share price drop is SA related due to the civil unrest, simples. The next set of financials will be truly fantastic and will continue to be great at current PGM pricing levels. Time to buy when others are fearful. Fundamentally a sound company. The geographic location is one of the biggest risk factors, always was and always will be hence lower P/E rating. Market fundamentals for PGM are also stacked in our favour for the short and medium term, of course there will be price variations...as with anything in life.
haywards26
14/7/2021
12:41
The family is Medway, @ c. 40%. I think they also own some shares directly as well. So you can't say they don't have skin in the game!
tigerbythetail
14/7/2021
12:40
All a bit unnerving, particularly when one holds THS + SLP. But there again, the share price does does not equate to value, which is function of earnings, and for me, sustainable cash dividends. So I would say, watch, but don't panic. The metrics appear to be outstanding.
brucie5
14/7/2021
12:27
This week's Mello Monday is available on YouTube. Tharisa presentation starts around 1:20. https://youtu.be/6zXAqpLs6Qc
jon4567
14/7/2021
11:50
Thanks Soto for the info on the founding Cypriot family. I note from the a/cs that the major shareholders are: Shareholders holding 10% or more Medway Developments Limited 109 627 006 39.87 40.83 Rance Holdings Limited 40 548 241 14.74 15.10 Shareholders holding 5% or more FIL Limited 26 508 352 9.64 9.87 Fujian Wuhang Stainless Steel Co. Limited 19 419 920 7.06 7.23 Presumably the Cypriot family are behind one or more of these holdings? I also note the Chinese presence. I'm sure they'd like to secure their supplies cheaply...?
adamsmithfreetrader
14/7/2021
11:49
Hi AdamSmith! As Sotolo writes, the family is an old Cypriot copper mining family who emigrated to South Africa. So it's home to them. And I'm not sure that Bermuda or BVI, for instance, are more reputable (that's based on direct experience, the shonkiest banker I've ever met was located in the BVI). Cyprus is EU, and only has a bad reputation because of the number of Russian shell companies set up there (direct flights from Moscow and St. Pete, and no visa required). And Tharisa doesn't have any Russian money in it, at least, as far as I know. So I think it will all settle down in a few days and this is a bargain. So I'm buying. Usual tactics - small buys over the next few days to "splatter" what is hopefully the bottom.
tigerbythetail
14/7/2021
11:40
Tiger seems to be a lot of rioting in and around Joburg which is barely 70 miles away, and adamsmith the reason for Cyprus is that the company was founded by a Cypriot family who are still major holders. I think the price is also because very thin trading and the PE always goes very low as rhodium becomes toppy, in the expectation it will fall as it always has bringing the PE back to something more normal for a relatively illiquid aim share in a jurisdiction of great inequality, so prone to political problems or higher taxes etc
sotolo
14/7/2021
11:14
I keep having to look over the financials to reassure myself. Based on the last set of 6 monthly accounts the PE of this stock is mid single figures. That's bankruptcy territory except when you read the BS and the opposite is true. Truly crazy pricing. Does anyone think the Cyprus address has anything to do with the apparent mispricing and why Cyprus in the first place? Why not something a bit more reputable like Bermuda, BVI or Channel Islands. Familiarity with the location might help...?
adamsmithfreetrader
14/7/2021
10:46
"more nervous investors" - rewrite as "mercenary market makers"
farnesbarnes
14/7/2021
10:33
I go with the riots as the explanation for the drop as well. Bar some effect on road transport, I can't really see how this unrest (which is centred on Zulu areas) affects Tharisa's business. But more nervous investors will read the headlines and pull out their money. IMO, it's something of an opportunity.
tigerbythetail
14/7/2021
10:10
I think the drop might be more to do with the riots in SA, they shouldn't be affecting ths too much but might have impacted transport, which had already been flagged up in the latest results.
ukgeorge
14/7/2021
10:09
No, it was Monday and was very good. Nothing untoward that I saw
otemple3
14/7/2021
10:02
Was the Mello presentation yesterday, did anyone hear it? Was there bad news that would account for the price fall this am?
sotolo
14/7/2021
08:29
Yes my thought is always that if PGM’s fell to nothing (or just covering their allocated costs which I assume at maybe somewhere in the region of $1000 per ounce) then we would still be a decently profitable company on chrome alone with a PE around 10 and even better when Vulcan is on stream. So the PGM’s are all cream. Though it is hard to work out where costs truly are and where allocated - though not as bad as Hochschikd, with their gold and silver equivalent ounces done on out of date gold/silver ratios that make their figures quite opaqueand put off investors, of course imho
sotolo
14/7/2021
07:59
Hi Sotolo! To answer your question from the other board, the percentage of profit from chrome depends on how you allocate the costs of production. And it also depends on the ever changing prices of both chrome and PGMs. But, as a really rough rule of thumb, I'd think 25% is a good number to start from. Certainly, at $160/t Tharisa will be making good money from its chrome production. And when Vulcan comes online next year, both increasing output and reducing chrome production costs, this will only get better. Of course the "star" act here is PGMs. But chrome is also a solid performer at current prices.
tigerbythetail
13/7/2021
09:26
This morning 129.5 to buy, 128.05 to sell. As usual a very thin markets so 1.15% spread not bad. However as usual the trades are virtually all listed as sells on LSE, but as at 129.5 must be buys, attaching buy or sell to a deal seems entirely random and often almost all are erroneously listed as sells. RH is drifting up and at $19300 just above the June low which might be a good sign, the basket is now nearing $3300 up around 5% on last week, let's hope not a dead cat bounce but the turn. If anyone listens to the presentation tell me if there is anything new but I imagine not, it is amazing the share is so thinly traded given all the PR work management do and attempts to say it is so undervalued
sotolo
12/7/2021
09:49
Contango! You can buy at 130.0p and sell at 130.01p. Arbitrage that! Anybody got any ideas what's going on. It's most u-Tharisa like for the market-makers to collapse the spread like this!
tigerbythetail
12/7/2021
08:42
Just to remind all shareholders and prospective investors that Tharisa will be presenting at the Mello Monday webinar tonight at 5:30pm-9:30pm. There will also be interviews with Fund Manager, Philip Rodrigs and CEO of Tandem Group plc, Jim Shears. Here is the full programme... 5.30pm Welcome and news 5.35pm Company presentation by CentralNic plc 6.15pm Interview with Philip Rodrigs, Raynar Portfoilio Management 6.55pm Company presentation by Tharisa plc 7.25pm Alan Charlton interviews Jim Shears, CEO of Tandem plc 8.00pm Company presentation by Immotion plc 8.40pm The Mello BASH – Richard Crow, Kevin Taylor and Jack Brumby There are over 600 investors attending these very popular shows with company presentations, fund manager and investor interviews, and panel sessions including the popular Mello BASH (Buy, Avoid, Sell or Hold). Tickets are still available and if you would like one at half price then enter the code MMTADVFN50. Https://melloevents.com/mellomonday-12th-july/
davidosh
11/7/2021
16:37
www.kitco.com/news/2021-07-09/South-Africa-s-Tharisa-increases-quarterly-platinum-group-metals-production.html
tigerbythetail
09/7/2021
11:58
mainjly pgm basket james, the next big ramp up will be from production improvements i think
martinfrench
Chat Pages: 42  41  40  39  38  37  36  35  34  33  32  31  Older
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