Tharisa Share Discussion Threads

[haywards26] 29/3/2022 10:34

Rhodium price creeping back up again (JMAT $19k). Must be due a share price rise...

[basem1] 29/3/2022 10:16

End of tax year sells coupled with weaker commodity prices I reckon

[tonytyke2] 29/3/2022 09:47

Could not see anything obvious, so took the opportunity to top up this morning.

[deadly] 29/3/2022 09:33

Why the 7% drop this morning?

[sotolo] 28/3/2022 16:34

Our ppm basket is off about 13% but Chromium remains up. Anyone know roughly what proportion of profits come from PPM’s and what from Chromium at these kind of prices?

[martinfrench] 21/3/2022 19:03

np egg,

and i think the future capex will be ongoing for a few years, building their own smelter which was mentioned (not heard anymore about it) will i think save 15% fees per year that they pay, karo will be open pit once they get control, and that will cost money, but quite soon past projects should catch up and can certainly pay more. Not sure how much the smelter will cost but in the 10's of millions (and maybe they can smelt SLP's pgms too for a fee :-)

if your on the lse chat group, tharisa admin do read it so you could ask them outright about the smelter.

[eggbaconandbubble] 21/3/2022 15:26

Martin, thank you!

[martinfrench] 21/3/2022 14:28

egg,

its generally the future capex required as they expand quite a lot, smelters, karo etc

also taking over of the BEE holding will allow greater divs, if they pay that is.....

[eggbaconandbubble] 21/3/2022 13:53

Why is this company so stingy with the divis? Stockopedia shows them as consistently having a dividend cover of 5 year on year for the past five. Seems a bit excessive to me, especially as they have bucket loads of cash and a very healthy (negative) net debt.

100 'Stock Rank by Stockopia to boot which is possibly one of a handful out of the whole market.

I've started to do some serious homework on THS. so any links, info, references etc.etc would be much welcome.

anks in advance!

[sotolo] 17/3/2022 20:30

Finally got mine, cheaper to reinvest today but split between here and Centamin after their heavy fall on expected results yesterday

[mfhmfh] 17/3/2022 10:01

I was paid yesterday

[saltraider] 17/3/2022 08:37

Hi @Sotolo ... the dividend payment was credited to my brokerage account this morning. Very welcome, too!

[sotolo] 17/3/2022 07:57

Has anyone received their dividend yet?

[sotolo] 14/3/2022 22:01

though the THS PGM basket is now being somewhat hit inc Palladium down over 15% this eve

[tonytyke2] 14/3/2022 19:50

Hi Sotolo, At the weekend, the only technical negative indicator I could see was that the RSI was in 'overbought' territory. However, all the company fundamentals still look good here.

[sailing john] 14/3/2022 18:52

Prices are moving quickly but Rev wise 40-45% Chrome and 55-60% PGM.

However, I would say average over he past 4 years roughly 50/50 as 2018 and 2019 chrome rev higher and 2020 and 2021 pgm rev higher.

[sotolo] 14/3/2022 18:20

However chromium up 10%. Can anyone tell me roughly what proportion of our profits come from PGM’s and what proportion chrome at current prices?

[ukgeorge] 14/3/2022 08:23

Yes seems to be on the back of signs of a peace deal between Russia, Ukraine. Palladium is still at historically high levels as is rhodium and with it the PE ratio remains low so fingers crossed even with the lower prices the share price can continue to move higher.

[sotolo] 14/3/2022 07:56

Basket down from 3500 to 3100, wonder if this will begin to impact price or if THS will continue to rerate despite falling PGM’s

[sotolo] 11/3/2022 16:22

Just a microscopic amount below 3.75 pence

[eggbaconandbubble] 11/3/2022 16:15

Re divi, is this automatically converted into £'s. If so how much is it?

[ukgeorge] 11/3/2022 15:35

Yes, and buoyant metal prices

With capex spending now falling the cash pile should be rising rapidly :)