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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
  -3.50 -3.23% 105.00 103.00 107.00 108.50 105.00 108.50 39,514 13:38:38
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 442.8 137.5 27.8 3.4 314

Tharisa Share Discussion Threads

Showing 926 to 949 of 1475 messages
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DateSubjectAuthorDiscuss
10/8/2021
20:19
Hey TBTT Good to see some of your posts again. Shame you’re not on LSE as now I have to log on here to see your latest views on THS and BOD! Both require patience but both have excellent potential. Thanks for introducing me to them :)
799boy
10/8/2021
12:58
Gosh Tiger it is just you here, can't you come back to lse?
sotolo
06/8/2021
13:16
The end of mining as we know it? www.dailymail.co.uk/sciencetech/article-9868385/Psyche-asteroid-packed-precious-metals-worth-10-000-quadrillion.html Now we just need to lassoo the rock and pull it back to earth. Should be simple enough...
tigerbythetail
04/8/2021
16:11
Hi Sotolo! Yes, it's gone very quiet here - I think the persistent seller has simply discouraged all buying of this stock. And yet it remains the best value play I know of. And until we have some buying I'm not even sure if the seller is still around or not. You can take the numbers you quote, and calculate that if THS pay out an annualised 18% of NPAT as dividends (consistent with their policy and previous years) then we can expect a final dividend in the region of 4p per share (in addition to the roughly 3p we got as an interim dividend). A c. 6% yield really isn't bad considering the basic dividend policy isn't exactly generous, and this is a company which has invested $100m or so in capex this year ($50m Vulcan, $50m sustaining). Of course, if the company pay out more (which they easily could) that could have a dramatic effect on the share price. Personally, I'd just like them to find a institutional buyer for the stock overhang (if indeed there is one). I'm still heavily overworked at the moment, so I'm not paying too much attention to markets. But THS is about the only share I genuinely feel comfortable holding (apart from a couple of purely speculative plays). The market is a strange place right now - it punishes good companies making large profits for nothing, but values highly hyped up nonsense. I don't trust it one bit. The dot com boom must have felt like this before that bubble burst.
tigerbythetail
04/8/2021
13:56
Tiger/Sotolo thanks for posting. This business is superb, quality improving and well positioned for the surge in demand aligned to the green economy and so much spare cash being put into new automobiles across the world in the coming 18 months. The World is set to rebuild bigger and better and that equals tonnes of steel as well - whats not to like other than the perceived political risk in SA and Zim. The financials remain super strong at current prices and I believe this is the bottom of market pricing unless COVID explodes significantly in China. US and Europe are marching towards vaccine herd immunity so any impact is mitigated to a certain degree.
cappajumping
04/8/2021
10:05
Tiger I posted this on LSE board this morning, that without you is even deader than here. I was one of the few THS buyers yesterday just to take me to a round 400000: Gosh this has become such a backwater Only 7 trades so far today, v few yesterday No posts here for 4 days! Despite Tharisa tweeting much good news, Rh rising again, chrome up and retweeting today: “#THS still on track for FY21 NPAT of c$140m(£101m). FY22 NPAT on Spot price = c$169m(£122m) Mcap = £320m Net Cash at June = £30m EV=£290m Cash-Adjusted PE FY21 = 2.87 Cash-Adjusted PE FY22 = 2.37 Rhodium ticking up, Chrome looking strong. Won't hurt to have this in the portfolioL” So PE of 3 heading for 2.5 at current metal prices! We miss Tiger how appalling to drive someone so honest off when there are so many charlatans.
sotolo
04/8/2021
08:18
Rhodium ticking up - $19,000/oz now according to JMAT. That's the 4th small increase now, so the price is definitely firming.
tigerbythetail
29/7/2021
16:57
www.heraeus.com/media/media/hpm/doc_hpm/precious_metal_update/en_6/Appraisal_20210726.pdf#msdynttrid=XJujyzjEtDtJ6QiNM3FpTh8k7SJtRAreUDgzM8CgDqc Latest Heraeus update - positive on rhodium in near term.
tigerbythetail
28/7/2021
20:03
Rhodium seems to be settling into a new range for now - let's call it roughly $18K - $19K. We've all been spoilt by the months when it was in the high $20Ks, but objectively this is a fantastic price for THS. Hopefully, the gradual improvement in the "chips for cars" situation should reflect in higher world vehicle production and higher demand for rhodium over the next few months. 90% of rhodium goes to auto production, and the chip problem cut world vehicle production in the region of 20%. So it has had a sizeable effect on a very tight market. Iridium also stable at $5,600/oz and Ruthenium at $750/oz. Note also how chrome prices are improving. I'm very confident in the long term value of THS, but I can't ignore how thin trading is currently. This stock needs something - some news or a well-followed tip or a new institutional investor buying in - to jolt it into life.
tigerbythetail
27/7/2021
07:59
Excellent post from tones77777 this morning on the THS valuation. '' I notice that SLP have had their quarterly update released today for quarter ending June 30th, 2021. A high level comparison between Tharisa's results for the same period 30th June 2021 shows the following SLP (Taken from RNS dated 27/07) PGM Production (4E basis) for the quarter - 16,289 koz Conversion to 6E for comparison for Tharisa - 23,270 koz (based on a ratio ?of 10/7) Revenue for the Quarter - $48.7 mil EBITDA - $28.7 mil Tharisa (Taken from RNS dated 09/07) PGM Production (6E basis) - 39,000 koz Average basket price $3,804 Revenue from PGM Production for the quarter - $148.35 mil Chrome Production - 379.7 kT Average Chrome price $160/T Revenue from Chrome production for the quarter - $60.75 mil Total Revenue for the quarter - $209 mil EBITDA for Tharisa is not exactly easy to calculate as this is not published by the company however from memory and my previous calculation the 'All in Cost' for PGM is c$1380/oz and Chrome around $105/t. Assuming a 10% increase in these costs to counter for any adjustments thus using PGM cost of c$1520/oz and cost of producing Chrome concentrate of c$116/T, I get the following EBITDA figures, EBITDA for PGM - $89 mil EBITDA for Chrome - $16.7 mil Total EBITDA for the quarter - $105.7 mil Therefore to compare the headline figures for SLP and THS, Total quarterly revenue of $48.7 mil for SLP vs $209 mil for THS, whilst the EBITDA for the quarter for SLP was $28.7 mil, the expected EBITDA for the same period for THS is c105.7 mil. The market cap for SLP is £316m vs THS of £318mil. From what I gather THS is producing a lot more PGM ounces (more than double after factoring the 4E to 6E reporting consistencies), have a huge Chrome production line (whilst SLP has none) and THS also has a significantly higher life of mine of 54 years (including 14 years of open pit). Make no mistake SLP is NOT overvalued, in fact it is under valued given their performance, margins and balance sheet. However my point is that if SLP is value at the same marketcap with those operational metrics and asset mine life, then THS deserves to be a whole lot, well substantially higher!! Summary: Just goes to show the sheer value to be had here in THS. If the opportunity arises I will add more this week as it is clear which PGM miner has more value and disconnect from the market cap. As I've said previously, whilst THS has had their best quarter and half year results to date over the last few weeks/months, the drop from the 160p to 110p was not a reflection of the company but wider market concerns. On the contrary the company has gone from strength to strength and now presents simply the best value mining share on LSE - simple as that.''
coco2020
26/7/2021
15:48
Chrome price ticking up. Now at 165.8 as posted by Tharisa on their Twitter feed today.
sailing john
26/7/2021
15:27
I'm not invested in SLP, and I'm purely invested based on THS's fundamentals and forward earning capacity and ambitions. Broker price targets of 190 and 250p to me are far too conservative and do not appreciate the growth forecasts and projects in the pipeline. Even if those were conservative currently the returns on those targets are amazing for a company that is generating the kind of cash that it is. My targets personally are a lot higher.. phenomenal opportunity here especially given the seller has apparently stopped or cleared and the book looks a lot free to move onwards and upwards!
coco2020
26/7/2021
10:17
i generally work on the basis of ths being 20p above slp, which obviously is a bit silly but for short term until projects come on stream it kind of works well so expecting a good 132-135 for next move, hopefully soonish but think 128-130 more realistic, that would form nice inverse head and shoulders, and was start of our recent decline
martinfrench
26/7/2021
09:49
Well done Martin! 120p is also the 200DMA so once that clears and holds today, we should hopefully a much higher rise this week/next as that then acts as strong support!
coco2020
26/7/2021
09:43
finally got an extra 5000 at 120
martinfrench
26/7/2021
09:34
well i cant buy, its mkt best at 119 which i hate
martinfrench
26/7/2021
08:49
And a few more now. I think the breakout is well and truly on.. Let's clear past the 120s and over the 200DMA, then a whole host of investors who probably sold on the way down or looking to enter waiting on the sidelines will probably re-enter. The drop from 15-160p on what was already large disconnect from fair value was overdone, so hoping we move swiftly back to the 150's first then move higher to more sensible valuations such as those broker notes.
coco2020
26/7/2021
08:35
I significantly added to my position last week averaging up!! :)
coco2020
26/7/2021
08:33
right, lets buy some more then :-)
martinfrench
26/7/2021
08:27
And just as I say that, someone just bought 80k via 8*10k trades in a minute this morning. He/she knows!
coco2020
26/7/2021
08:26
Martin, whilst I understand the frustration I disagree with your views. Make no mistake I'm here to make money too but there needs to be a sensible use of internal cash generated, not to just appease short term share holders. Tharisa are paying a good dividend and I certainly expect them to increase the payout as NPAT increases however they have some stellar projects including Salene Chrome, Karo Platinum etc. which can go to significantly add value to the company. A stock as undervalued as this cannot remain under the radar too long, eventually the patient will be rewarded. The time will come when this would gloriously re-rate and whether that is just a normal market correction, buying frenzy from institutions and retail following alike or simply through Tharisa's own share buybacks. Eventually it will happen but for now its hard to lay blame on THS for the drop in price and lack of visibility. The drop from 150-160p a couple of months ago to the current levels was not a reflection of the company as they've just posted their strongest financial/operational quarter and half year results to date in their history! Whilst the market knocked off c45% of its value, internally they've made more money than they ever have in the comparative period. Besides Phoevos has been doing several interviews and investor events to keep the PR going. His family owns over 42% of the company so they are fully vested too! I have no doubts whatsoever that value will prevail. I've been invested long enough to know that some stocks is worth buyin/adding and holding for the eventually rerate to fair value.
coco2020
21/7/2021
14:59
and if so many great projects come fully on stream in a year or so could also do a share buy back at these levels
martinfrench
21/7/2021
14:07
tbtt, doesnt matter how great a comapny is if no one is interested or is unknown UNLESS they start chucking out divs which will change this dramtically, show us the money and people will be interested so when they have finished paying for vulcan they need to up the divs slp get picked up by our fan club when they get trashed, ths doesnt seem to something has to change here
martinfrench
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
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