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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
  -0.50 -0.47% 106.50 105.00 108.00 107.50 106.50 107.00 63,692 12:22:59
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 442.8 137.5 27.8 3.1 319

Tharisa Share Discussion Threads

Showing 1051 to 1073 of 1525 messages
Chat Pages: Latest  49  48  47  46  45  44  43  42  41  40  39  38  Older
DateSubjectAuthorDiscuss
28/9/2021
14:41
tonytyke 2 agree with you. Interesting article by Ambrose Evans Pritchard in todays Telegraph about China “… That means drastic falls in steel output. It has already begun and is hammering iron ore prices, along with miners such as Vale and BHP Billiton.” He has sold most of his share portfolio seeing a big fall coming in markets inc bonds. Soaring Gas/energy prices have put a brake on growth but just as Goldman etc call for a gas rise ever further, they have peaked as demand for energy will tumble as hit recession, as happened with the rhodium bubble. Presumably chromium will be heavily hit, but while THS may take a tumble ultimately with the market, it is a very profitable company with a great balance sheet. I wonder with what is looming whether they will choose to pay out that special dividend or hoard more cash. I too hold tho perhaps against my better judgement, also the PM miners tho they will probably tumble too with the market? Strange times
sotolo
28/9/2021
11:11
IMO the car chip issue is also getting exacerbated by car companies putting orders in significantly beyond what they actually need. The US government is trying to work out if chip hoarding is now going on and if orders being requested are vastly more than required. The article below indicates car companies met with, have not divulged the chips they have on hand and how many they need to purchase. Bloomberg reports that the government has been asking for this information for months, to no avail. They now may choose a formal/legal route to get this information. hxxps://www.caranddriver.com/news/amp37727004/feds-dpa-chip-shortage-auto-manufacturing/ You have to bear in mind the IDS semiconductor report linked by TBTT on the 21/09. This outlined that significantly more automotive semiconducters would be made this year and the shortage issue would be mitigated by this year end. Please note this report is not a car industry led report. Then when you start looking at current car profitability, and some companies may be happy the way things are now, what about VW for instance. Record first half profits in 2021 and raised profit outlook for the rest of the year. Selling their premium vehicles at those high prices. Even if it's a little difficult seeing through and navigating what will happen with PGM's in the short/medium term, this is a quality value stock with a nice dividend. So I am staying put and adding on any further weakness.
tonytyke2
28/9/2021
10:14
tbtt, to answer your point, not all chips are the same, chips used in appliances i think are the more basic types, whereas car chips for dashboards etc are the high end variety so cannot be simply swapped out, or priced out, way i see it anyway
martinfrench
28/9/2021
09:28
From the graphs I read: 1. Car production due to increase to 100m vehicles per year by 2025 (it's just they've revised down the number of vehicles to be built this year and next); 2. (Not from the graphs) PGM loadings will increase per vehicle as worldwide emissions regulations become tighter and tighter; 3. PGM mine supply (the graph shows the growth and decline of mine supply, not its absolute level) will be about stable; 4. PGM recycling supply from spent catalytic converters will grow. The graphs don't include any info about the penetration of pure battery EVs into the market, but over this time frame (out to 2025) it won't be a huge effect). In short, 2023 should be a good year for PGMs (Rh best performer, Pd worst?). Not sure about the immediate future, though. Too much "fog of war".
tigerbythetail
28/9/2021
09:21
TBH, I'm a bit confused by PGMs right now. I certainly never expected the automotive chip shortage to be so severe and so prolonged! One thing I don't understand is why the auto companies can't simply price the other users of chips (home appliances, toys etc.) out of the supply-constrained market by simply paying more. The cost of a chip makes up a tiny proportion of the cost of a car, but a much larger part of the cost of a home appliance. The whole chip shortage thing is as clear as mud to me - and everybody seems to have a different take on when it will end. IMO the palladium price has a weaker base case than the rhodium price, due to increased recycling, some increased mine supply and substitution (BASF's new tri-metal catalyst partially substitutes Pt for Pd for gasoline cars). Fortunately, Pd is a much smaller % of revenues for THS than Rh! Current chrome prices are very difficult to find out - Metal Bulletin have become much cannier in hiding them behind their (expensive) paywall. I believe they hit a high of $180/t but have now come down a bit. IMO, we need to watch China carefully. Strange things are happening there, and I don't know what they mean. Will the collapse of Evergrande lead to a downturn in China's housing market? This would be a big deal if it happened for iron ore prices etc., and there would be some knock-on to chrome demand as well, I'm sure. Why is China suffering power-cuts, and will that limit ferrochrome smelting (a huge power-user)? Is China going to get aggressive towards Taiwan? (This is one scenario that would cause me to sell my Tharisa shares - Taiwan is the world's leading supplier of chips, auto production worldwide would be crippled if China ever did invade the island). Is the world eventually going to split into two economic blocs? I'm still holding here. But overall, I'm becoming very cautious about stocks in general. I don't know why, but I sense that bad times are coming.
tigerbythetail
28/9/2021
09:03
Ps if I read it right the report is pretty scary as it says if auto demand for PGMs remains constant then newlY mined demand will fall by near 20% by 2025, or if auto demand rises by 20% newLy mined demand will stay about flat? Am I reading it right? Makes chrome even more important? Thanks Tiger for deciphering for me.
sotolo
28/9/2021
08:56
Thanks as ever Tiger. So they say recycling is expected to increase from 36% to 45% of demand reducing newly mined from 64% to 55% and they say further down “ with such a high proportion of palladium’s demand coming from the auto market (81%), the price is very vulnerable to further losses as the chip shortage crisis shows no sign of abating…Further cuts to light- vehicle production forecasts for both 2021 and 2022 also impact the rhodium market significantly, with 89% of its end-use attributed to autocatalyst demand. The latest round of cuts to vehicle production reduces demand in 2022 and could apply further downward pressure to the price”. So my big question is with PGM prices not looking that rosy (tho of course we are priced for them being lower imho) what of chromium? I find it hard working out the price and it’s movements as Chrom concentrate CIF China is down 8.45% this month,in port down 2%, FOB SA it is flat. I keep worrying that the big drop in iron and steel in China will affect stainless steel but is it happening? Tiger how do you find out, having led me to my daily JM fix, or wail? I Still think it’s worth sticking this out with THS, huge profits this year and even if quartered next year still fair value, unless of course metals fall more in huge recession. All Imho of course, anyone annoyed by my posts please just ignore, they are genuine info and questions.
sotolo
28/9/2021
08:37
Latest Heraeus market update... www.heraeus.com/media/media/hpm/doc_hpm/precious_metal_update/en_6/Appraisal_20210927.pdf#msdynttrid=hS3WfiUg7xJE3EKU4le-gXzo_6z6a4SqcAXajR1r_zo
tigerbythetail
27/9/2021
21:21
hxxps://www.newzimbabwe.com/tharisa-to-consider-its-zim-platinum-project-proposal-by-end-of-year/ anyone seen this ?
martinfrench
26/9/2021
16:11
These are such a good buy at this price
ukgeorge
24/9/2021
16:46
Thanks Martin, yes indeed I am exceedingly pleased to see rh rising,and to read Tharisa tweeting today that their basket is higher than all their main peers, however I am still worried this is a dead cat bounce but do hope the rise is for real. Great that you have taken to posting frequently on this board helping keep it alive along with the likes of the wonderfully perceptive Tiger. It is so useful to have different views so I am deeply appreciative of yours, when not personal, and respect them. Have a lovely weekend and may the rh rise continue as Palladium and Platinum turn back down.
sotolo
24/9/2021
15:27
rhodium up to 14500, last ny fixing, keeps sotolo quiet, he is prob pleased because he is a holder....
martinfrench
24/9/2021
11:41
FYI: Tharisa have a new look website - Tharisa.com. Much more "human" than the old one, with a bigger emphasis on corporate governance and ESG. IMO, a job well done.
tigerbythetail
24/9/2021
11:23
wouldnt call rhodium incredibly volatile tiger, it moves between 1 and 3 percent a day on almost all days, more than oil but less than palladium (these days at any rate) it is quite volatile over a 6 month period though
martinfrench
24/9/2021
09:32
And rhodium now $14,400 / oz this morning. Still, I think we should be looking more at THS's overall profitability (which is superb), than following the incredibly volatile rhodium price day to day.
tigerbythetail
23/9/2021
09:24
Rhodium opening up in London 200 higher again this morning, now 13700 US$ per troy oz. I took a Platinum long on Tuesday and added more here also. Hello PastaBelly, you are welcome to join our conversations/discussions!
tonytyke2
23/9/2021
09:10
As a long time lurker with nothing practical to add, may I just say what a cracking board with excellent contributors you have here! Thank you all.
pastabelly
23/9/2021
09:08
gently rising rh price and sotolo nice and quiet, prefer that from both angles
martinfrench
22/9/2021
16:17
Palladium hTTps://dailywealth.com/articles/this-beaten-down-commodity-is-about-to-soar-2/
nimrod22
21/9/2021
11:21
Well at least we both read it that way. I am now taking this as an indicator why there appears to be some very recent stabilisation & buying interest in Rhodium.Interestingly, Volkswagen US plans that even when they can produce any future model and they have all the chips they need, they are going to continue to keep fewer cars (like now) in lots/forecourts. This is because this is more profitable for dealers and manufacturers. So I can see some car manufacturers may spin the chip crisis news for a long time to come.
tonytyke2
21/9/2021
09:58
I read it that way. Of course, the future is dark, and any number of things could happen before then. But (IMO) it's reasonable to assume that where there is a willing buyer who is ready to pay good money, as there clearly is in this case, then most industries will find a way to supply fairly quickly. Signs of the times - in US and UK there are reports that used cars are occasionally selling at a premium to list prices for new ones. Also, dealer inventories at record lows - if you're buying, be prepared to either compromise on colour or specification or to wait, or possibly both. Rhodium up $500 today on JMAT, though Kitco for some reason known only to themselves have marked it down $200. Palladium doing notably worse over the last few days - perhaps because its fundamentals are poorer, perhaps because there is more shorting going on via Nymex. At some point there is going to be a short squeeze in Pt and Pd, but I'm staying out of it until at least Thursday (U.S. Fed news and Evergrande developments).
tigerbythetail
21/9/2021
09:37
Indicates automotive semiconductor shortages to be mitigated by the year end. I assume they are talking about 2021 year end?
tonytyke2
21/9/2021
08:36
Source info on automotive chip shortage... www.idc.com/getdoc.jsp?containerId=prAP48247621 Courtesy of Luna Nera on the SLP board - thanks!
tigerbythetail
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