Trade Now

Capital at risk Advertisement
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
  2.50 2.38% 107.50 105.00 110.00 107.50 105.50 105.50 112,417 09:36:19
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 442.8 137.5 27.8 3.3 322

Tharisa Share Discussion Threads

Showing 1001 to 1021 of 1525 messages
Chat Pages: Latest  49  48  47  46  45  44  43  42  41  40  39  38  Older
DateSubjectAuthorDiscuss
16/9/2021
13:45
Tiger I don’t mean to be Cassandra but if you superglue your crystal ball you will see it says this is just a bounce in very oversold rhodium, so more fall to come; and if you read Canetoad and others over on the other board you will see mid term concern on the rise of electric cars. This is not only in Europe and US but also China which has mandated 40% of cars sold must be electric by 2030 which is not that long, and a small world change in total ice affects the supply demand ratio for rh etc and so the price radically as we have seen with chips. So if PGM profits become smaller my question is how much profit do we make from chrome now and what are the prospects? Interesting to see in 2019 made overall roughly £5m and in 2020 £40m, so our profit swings hugely but if was to settle around £25m would be a PE of 10 which is respectable - tho 2019 dividend was only just over a ha’penny which would be half a per cent at this share price! However this was before extra SA tax
sotolo
16/9/2021
12:42
80p? Maybe. Maybe not. My crystal ball is broken. But, rhodium and palladium have stopped falling for now - palladium has bounced back to $2,000 / oz (spot price) and rhodium seems to be holding at about $11,250 / oz (JMAT). It's worth opening THS's chart out to a five year view and comparing it against the basket price for PGMs (and chrome) over that period. It's trading way under its historical norms. And yet business has never been better for THS. The company is net cash positive, (with a huge trade receivables - trade payables balance as well), has gone from contractor mining to its own fleet, and has built (presumably all but complete now) the Vulcan plant, which will supply an extra 400,000t of ultra-cheap chrome per year. Barring unexpected bad news, it doesn't make sense for THS to be trading even at today's price, let alone 80p. It's taking far longer than we all hoped, but the automotive chip supply chain will sort itself out eventually, and actual demand for vehicles is reported to be very strong.
tigerbythetail
16/9/2021
12:02
No support on the chart now. Next stop 80p
tenpercent
16/9/2021
11:11
I'm down about 30% but am thinking with the dividend at over 7% and the div cover being 4x it probably makes sense at this point to hold.
scooper72
16/9/2021
10:51
Sadly looks like 80p is looking likely. Very annoying and I got sucked in by the high rhodium price. Oh well If it drops to that I will be buying. Roll on some good results and the capital spending dropping.
ukgeorge
15/9/2021
17:16
Martin I think this is one of the most intelligent and courteous boards, thanks. What I have posted for many months is that Rhodium was in a bubble but even if it falls by a large percentage fundamentally (which is how I invest) it doesn’t matter to me as the profit from Chromium alone is enough to justify the price to me. The market can pay what it wants, I joined as a long term holder.
sotolo
15/9/2021
12:44
you must think we are 2 yrs old with an iq to match "oh look i've bought everything at or near the peak but hey i've gone against my other thoughts to just hold even though i post non stop about the downfall of rhodium on a daily basis" really believable........ more likely one of those that missed the initial pgm surge last year
martinfrench
15/9/2021
07:59
Xx Whitehunter
sotolo
14/9/2021
22:22
A stonking special dividend would smell a lot better :)
whitehunter
14/9/2021
19:14
Yes, I am terrible and never believe my own prognostications, have held Centamin since 220, Hoc since 320 both more than halved, I am afraid I shall just hang on in here. The fact is this would be reasonably priced at profits of £30000 a year so should come right, even if Rhodium falls considerably more, Chromium falls and South Africa taxes us a lot more, and requires more sharing. However RHS may fall further in the meantime, a stinking special dividend would help and a greater than 17% of profit payout to us.
sotolo
14/9/2021
16:08
Cheers for the info.
tonytyke2
14/9/2021
16:01
I haven't made the trade (yet). I decided to wait and see how prices are tomorrow morning. I've used SPDM for palladium in the past, and SPLT for platinum. They both did the job I asked of them.
tigerbythetail
14/9/2021
15:41
Aberdeen Standard Physical Palladium ETF (PALL) looks the largest. But my broker does not appear to offer options here.
tonytyke2
14/9/2021
15:31
Did you find a Palladium etf TBTT? It could be a good call!
tonytyke2
14/9/2021
14:15
My best guess is that today marks the capitulation low for palladium, at least - and possibly also for rhodium. I'm actually tempted to put some money into a palladium ETF for a quick trade.
tigerbythetail
14/9/2021
11:47
still holding sotolo ?
martinfrench
14/9/2021
09:54
this is an unmitigated disaster
brwo349
14/9/2021
07:44
Well we know rh has fallen below my first figure $15000 already, now down to $14000 and falling very fast, at this rate $10000 rh is very soon but will it go all the way back to $2000 and lower? Some poo pood me suggesting it halving when it hit nearly $30k, but it has. At this morning’s level the PGM basket is $2500 so PGM profits have more than halved but I reckon stil getting on for £100k a year which is amazing, tho shame they are falling at getting on for 10% a day. Car outputs are still being cut and we’ll into next year before they turn which could lead to a lot further fall, and a more normal PE, of course our lowly share price predicted this tho a lot here didn’t want to believe how hugely rh was in an unsustainable bubble as many prices went doo lally with reduced Covid production, transport etc. All imho
sotolo
13/9/2021
09:48
I misunderstood, apologies Stolo
plat hunter
13/9/2021
07:51
Plat My post certainly didn’t say Tharisa doesn’t share the same risks as other miners. Quite the contrary, it is churning off cash but isn’t valued higher just because of worry about the future, while Hoc and Cey are hit by lower profits today. However even with profits way up as we will have, Mining of PM’s and PGM’s is just not very popular with investors today worrying also that prices of both will fall further. Rh is now nearly halved since the spring at $15500 this morning. The THS basket is now below $2700. .As said we are lucky in a way the price didn’t rise further as investors worried it had got far too high, so the fall so far hasn’t been as bad as one would have expected from the metal tumble. Of course chromium is now becoming a bigger part of the mix tho that may be hurt by reduced Chinese demand, a crash when money printing comes home to roost and the proposed new tax. As said it seems THS shares all the future worries of other miners from investors. The question Inhave been asking since spring is how far rh will fall $15k, $10k, back to where it was $2k? Toyota has said production will stay down many more months, Daimler and BMW say the will keep production lower; then we will have reducing ICE in developed countries, but increasing demand in Africa and the third world with increasingly stringent pollution regulation. Hence imho low PEs in sector, which are usually seen at the top of the PGM cycle
sotolo
12/9/2021
13:34
To add to that, the only way a third party processor can limit their exposure to mining related production risk, is to diversify with multiple sites. Again much in the same way an actual miner will benefit from a multi mine and jurisdiction strategy.
plat hunter
Chat Pages: Latest  49  48  47  46  45  44  43  42  41  40  39  38  Older
ADVFN Advertorial
Your Recent History
LSE
THS
Tharisa
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

Log in to ADVFN
Register Now

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20221005 05:23:07