Tharisa Share Discussion Threads

[rayrac] 31/8/2021 21:00

Not exactly got a huge following. Very quiet and the only one of mine showing a loss. Should hopefully improve soon.

[sotolo] 27/8/2021 09:11

Volume is minuscule but I helped it along this am buying another just over 11000 despite reading the chip shortage could last another 18 months. As long as we are not hit by the chrome tax rise (a big if) I see a decent autumn with a potentially big divi helping us along

[martinfrench] 26/8/2021 20:42

todays volume 90k, way below the average of 3240k, but think that was when there was selling down

mostly buys, and price moves, when people wake up, if they do, this will move fast(er)

[ntv] 26/8/2021 20:39

anyone got a link to a chrome chart? tia

[rayrac] 26/8/2021 19:32

A better day!

[farnesbarnes] 26/8/2021 08:11

British car factories produced the fewest cars for any July since 1956 as they struggled with worker absences and the global shortage of computer chips, my colleague Jasper Jolly explains.

UK carmakers made 53,400 vehicles in July, a 37.6% drop when compared with the same month in 2020, according to data from the Society of Motor Manufacturers and Traders (SMMT), the industry’s lobby group.

Demand for new cars has stayed relatively strong during the coronavirus pandemic, but manufacturers around the world have struggled to keep producing because of problems in their supply chains, most notably in the months-long delays to computer chips, or semiconductors, that are used to control everything from windscreen wipers to electric car batteries within the car.


Some analysts expect the chip shortages to last until next year, holding back the recovery of the car industry.

UK production over the course of 2021 is up by 18% compared with the first seven months of 2020, when car factories were shut for long periods during the first national lockdowns. Yet at 552,400 units, it is 29% below the 774,800 it reached over the same period in 2019 before the pandemic.

No large carmaker has been spared, and buyers are being forced to wait months for some new cars. German carmaker Volkswagen last week warned that it may have to scale back production further, after Japanese rival Toyota said that it would cut output by 40% in September.

Jaguar Land Rover and Nissan, the two largest manufacturers in the UK, have both previously been forced to cut production because of shortages.

During June and July manufacturers also had to contend with increased levels of employee absences, as more and more workers were “pinged” by their NHS apps when they had come into contact with people who later tested positive for coronavirus. The rules in England, home to nearly all the UK’s car plants, eased on 16 August so that vaccinated people no longer have to self-isolate after contact.

[rayrac] 25/8/2021 12:11

Not performing at all well, is there a reason? I would imagine there’s a lot of demand in the pipeline at some stage…at what stage, that is the question?

[basem1] 23/8/2021 10:33

Too many market red flags at present Septembers are very dodgy months for the market too. Cash is king at present

[ukgeorge] 23/8/2021 09:12

Should really be topping up at these levels.

[brwo349] 20/8/2021 16:07

It's not just THS. SLP also getting its' balls felt. Down 7.5%

[rayrac] 16/8/2021 11:06

Not that I’d want them to suffer, but can’t stand the woman 🤮

[rayrac] 16/8/2021 10:54

Market in the doldrums today, can’t read anything into it. Foreign news not helping and China and Russia got big problems on their doorstep…We217;ve only got the Scottish problem, and I could easily sort that..give em independence and see them suffer!

[tigerbythetail] 13/8/2021 12:13

Yes, I think we may have seen the back of the motivated selling.
This should "reflate" quite quickly, if that's right. The "value" case here is compelling.
The shine may have come off the rhodium price, but it's stable at $19,000/oz, which still means a huge profit margin for Tharisa. And chrome prices have moved up quite strongly over the last few weeks - hopefully just in time for THS to announce the completion of the Vulcan plant (lots of extra ultra-cheap chrome!)

[ukgeorge] 12/8/2021 09:25

Dare we think the downtrend is broken......

[799boy] 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 :)

[sotolo] 10/8/2021 12:58

Gosh Tiger it is just you here, can't you come back to lse?

[tigerbythetail] 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.

[cappajumping] 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.

[sotolo] 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.

[tigerbythetail] 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.