Tharisa Share Discussion Threads

[catsick] 16/2/2022 12:34

Excellent news cleaning up this minority issue and giving the locals a big stake in Ths upside

[tigerbythetail] 16/2/2022 12:25

stonking good - NOT stinking good!

[tigerbythetail] 16/2/2022 12:24

Agree - that looks a stinking good deal all round.

[donald pond] 16/2/2022 12:21

Yes, looks excellent

[croasdalelfc] 16/2/2022 12:20

Going from 74% to 100% ownership of the Tharisa mine. A 35% increase in PGM and Chrome output, revenues and profits!For $26m!!

[croasdalelfc] 16/2/2022 12:19

26% extra for 4% . Nice deal!!!

[ukgeorge] 14/2/2022 20:46

Rhodium doing well 17900 on kitco up 1k

[martinfrench] 14/2/2022 19:31

"flipping up" doesnt suggest a buy out though....

[cb7] 14/2/2022 13:40

sorry but "buying out" does not sound like a share swap.

[tigerbythetail] 14/2/2022 10:33

This is what "Tharisa" (i.e. the company, Ilya) wrote on LSE this morning:
"No one is taking out Tharisa plc, Tharisa plc is looking at buying out 26% of Tharisa Minerals, and thus flipping up our BEE shareholders to topco"
The implication (IMO) is that shares in Tharisa Minerals (the mine subsidiary) are possibly being swapped for shares in Tharisa (the group - Topco). Not a money based transaction, but a share swap (at a ratio yet to be determined).

[cb7] 14/2/2022 10:15

It says acquisition of the shares, which I assumed to be by cash.

[tigerbythetail] 14/2/2022 09:34

That's how I read it. Maybe I'm wrong.

[bubloo] 14/2/2022 09:32

Why would they do that tbtt. The whole group has arxo karo and salene two of which are in Zimbabwe

[tigerbythetail] 14/2/2022 09:03

It will be a share swap, not a money-based transaction. (I think).
The BEE (Black Economic Empowerment) shareholders in the mine subsidiary will swap their shares in the mine for shares in the larger group holding company.
26% of the shares in the actual mine is "worth" a little less than a 26% share in the whole group, since Tharisa's other subsidiaries also make profits. How much less is to be determined.
Overall, I don't think this rearranging of things makes a lot of difference to Tharisa (the group). Maybe vaguely positive in the long run. But not by much.

[bubloo] 14/2/2022 08:55

they can't be taking out minority share holders at a price less then at present? can they?

[basem1] 14/2/2022 08:53

There's no numbers so very little at present

[ccrowth26] 14/2/2022 08:36

What does todays news mean?

[thelongandtheshortandthetall] 14/2/2022 07:53

And mine.😊

[ntv] 13/2/2022 21:16

Also passes my screen ;-)

[nimrod22] 13/2/2022 21:01

Tharisa passes many other Long" screens on Stockp....
THS qualifies for Cash Accruals Screen (Quality Investing.
Bold Earnings Revisions Screen (Momentum Investing).
Naked Trader-esque Screen(Growth Investing).
Greenblatt's Magic Formula(Quality Investing).
Dreman Low Price to Cash Flow Screen(Value Investing).
Benjamin Graham Defensive Investor Screen(Bargain Stocks).
James O'Shaugnessy Cornerstone Growth(Growth Investing).
T Rowe Price Screen (Growth Investing).
Piotroski F-Score Price to Earnings Value Screen (Value Investing).
David Dreman Low PE Screen(Value Investing).
Dreman Low Price to Book Screen(Value Investing).
Muhlenkamp's ROE Screen (Quality Investing).

[dunns_river_falls] 13/2/2022 20:29

THS popped up on one of the stockopedia filters I watch - 'Dreman Low Price to Cash Flow Screen'. THS is 3rd out of 14 stocks.

Their stockrank is pretty impressive at 99/100. THS seems to rank 2nd out of 1,777 shares, inc dual listed companies.

[nimrod22] 09/2/2022 15:14

Most of the miners have been on a roll for the last 3 months. BRWM (Blackrock World Mining Trust) is a good indicator made up of many of the big and smaller names, up 14% in one month 24% in three months. Similarly RIO and BHP which in addition are giving approximately a 9 to 10% dividend yield/year. SLP/JLP/THS are all in the frame for big uplifts.

[sotolo] 09/2/2022 13:22

I believe JMAT, they are in the business, very roughly the Kico mid price seems to track them. On chromium I notice this
Any chance it could be useful, shows chromium down about 3% in Jan

[haywards26] 09/2/2022 12:56

The trading economies seems to support JMAT prising with increasing trend and $18k level.

[ntv] 09/2/2022 12:22

pc
Thanks for that one as well