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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
  1.50 1.45% 105.00 103.00 107.00 105.00 103.50 103.50 268,267 12:39:53
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 442.8 137.5 27.8 3.1 314

Tharisa Share Discussion Threads

Showing 901 to 924 of 1525 messages
Chat Pages: Latest  37  36  35  34  33  32  31  30  29  28  27  26  Older
DateSubjectAuthorDiscuss
21/7/2021
12:55
I think "do not think" is right on the money. SLP is a well-known and heavily-traded stock. THS seems to be obscure. Just look at the difference in volumes. I still make THS the better long term play - no disrespect to SLP, which is still a great company.
tigerbythetail
21/7/2021
12:13
A definite disconnect here between what people think about SLP and what they do not think about THS
basem1
20/7/2021
08:56
There is support at this current level on the 3 year chart UKG
basem1
19/7/2021
21:06
Tiger I think there are two real worries, first rhodium barely perked up on the recent trouble and is on the way back down along with other PGM’s, which could speed if more worries about economic growth; and with chrome although transport may be the immediate worry, and like rhodium worry about world economy seeping in, increased chrome tax may be becoming more likely with the political situation. Shares look forward and the question we have been asking from rhodium at 30,000 is ever more pertinent, it will soon have halved as many expected; it would appear that many investors appear it to halve again, and probably again
sotolo
19/7/2021
18:37
Well, that was a bad day. A guess a combination of last week's South Africa troubles (though they have died down now) and a wider market sell-off. But Tharisa is still the same very appealing investment case it was a few days ago - it's just available at a cheaper price. And price is what you pay and value is what you get. I added a few today, but I'm going slowly. Not sure this is the bottom yet. It should be, by all rights, but markets are crazy...
tigerbythetail
19/7/2021
13:31
https://www.miningmx.com/top-story/46823-in-africa-it-takes-more-than-a-weeklong-quasi-coup-to-knock-mining-off-its-stride/
nimrod22
19/7/2021
08:48
Sadly looks like 120p support hasn't held, purely looking at the chart looks like £1, is the next target. Very annoying given how profitable the company has been. Hopefully the ports are up and running quickly and the freight costs start to come down soon.
ukgeorge
16/7/2021
21:35
Hi Sotolo! The signs are there today that the unrest is beginning to calm down in SA. It was always limited to two provinces, and it seems that the government has Gauteng (i.e. Johannesburg) back under control. KwaZuluNatal (Zuma's home province, since he's a Zulu) is still restless. You can actually see the palladium market and rhodium market relaxing slightly over the last day or so as it becomes evident this is is not an Armageddon event for South Africa. Oddly, this is one case where falling PGM prices is actually good news for Tharisa! The unrest never came close to Tharisa mine, so I assume it should be working normally. However, there may be effects on the ports in Durban and Richards Bay, so bulk chrome exports to China could be delayed. Who knows, there could be effects on electricity generation and supply of diesel and chemicals to the mine as well. It's hard to judge. I take the point about the basket price dropping slightly, so the share price should drop to match it. But that DOES assume that Tharisa was fairly priced at 150p. And I don't think it was. It's still a ridiculously cheap stock given its earnings and long life of mine. I'm quite happy to hold here, and maybe add on weakness. I think the rhodium shortage will begin to bite again later in the year as the chip shortage which is so severely limiting car production starts to fall away. The one piece of news I'd be happy to get, is that the institutional seller has finally finished.
tigerbythetail
16/7/2021
16:19
Well Tiger far from going to £2 THS is back under 120, I suppose that is fair, or even less than one might expect, with a 25% fall in the PGM basket, remembering a share is worth less for a given basket on the way down, as it is the expectation that matters. Another explanation is that the unrest in SA, while not necessarily threatening our mine, is partly due to intense inequality and poverty, so tax rises could be on the cards including the long threatened higher chrome tax, which could more than obviate Vulcan benefits
sotolo
16/7/2021
13:31
Great article, and let's hope a correct analysis. Doesn't however, appear to be doing my the share price of THS...
brucie5
16/7/2021
13:20
2nd that, thanks for sharing Catsick
redtrend
16/7/2021
12:43
Really interesting post, thanks for sharing
otemple3
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
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