Tharisa Share Discussion Threads

[someuwin] 30/11/2022 13:31

"Tamesis

EPS higher YoY

THS

29 November 2022

...

Summary Investment Case The announcement today is a reminder of just how compelling the valuation is for Tharisa for both value and income investors. We currently forecast a dividend of 6.1pps for FY23 equivalent to a yield of 6%. Our forecast EV/EBITDA multiples for FY22 and FY23 are 1.3x and 1.2x respectively, PER multiples 2.4x and 2.6x and our P/NAV is only 0.21x. We maintain a PT of 300p."

[martinfrench] 30/11/2022 13:07

and also now a high ish dividend stock, which tharisa in their current growth stage should never really be, but thats the share price for you, suggests should be nearer £2 to get their realistic dividend level for next few years

either way, generating huge amounts of cash from not so exciting pgm levels at bthe moment

[indalo] 30/11/2022 13:01

"They concluded: "The shares presently trade at less than 2x EV/EBITDA, highlighting the value gap we see.""

No brainer for a significant re-rating. Hopefully that starts now heading into the results, but I'm happy to wait for this one as risks seem very low from these levels.

[martinfrench] 30/11/2022 12:37

volume last few days been extremely impressive, lets hope it continues

[mfhmfh] 30/11/2022 10:22

245p target price:

[brucie5] 29/11/2022 14:12

Thanks. Looks good from here. Happy holder.

[sotolo] 29/11/2022 11:46

I expect around an a total 9c so around 7%, might be a tad less but still great

[brucie5] 29/11/2022 11:13

What do we make the prospective dividend yield here, please?

[tigerbythetail] 29/11/2022 09:29

The share price always seems to ignore these JSE "warning" RNSs, no matter how good the numbers. It only moves with the actual results.
Anyhow, the numbers pleasantly exceed my expectations. IMO, Tharisa is severely underpriced - a 150p to 200p share price range would be more like it. It's crazy how Tharisa is becoming a dividend share, even though the dividend (according to their clearly spelt out policy) is covered about six times. That's how profitable and under appreciated this company is!
In other news - Covid hitting Chinese auto production for now (down for PGMs), but China also clearly changing course on Covid in the medium term towards a "living with it" strategy (good), plus China allowing their struggling house builders to sell shares again (good for chrome).

[wolstencroft] 29/11/2022 08:17

I think the market doesn't like Karo. The share price is ridiculous but how much will come back to us shareholders?

[moneyman50] 29/11/2022 08:15

Ridiculous share price-should be at least double -well done Tharisa for a great performance
Interesting company has twitted about a record dividend.
Last year total dividend was 9c and there was an interim dividend of 3c per share in June this year.This implies a final dividend of greater than 6c per share-6.5c to 7c per share final dividend ?

[sotolo] 29/11/2022 08:10

and THS tweeted record divi. I am amazed this is not up more this morning but there is such lack of interest

[indalo] 29/11/2022 08:07

Great update. PE below 3! With significant upside from the new development which is now financed. Ridiculous. This must be a takeover target.

[nakedmolerat] 28/11/2022 11:08

presume this is down due to the unrest in China

[tigerbythetail] 25/11/2022 09:55

Casholaa! It's something THS do regularly.
And as for fundraising, I'd suggest taking a look at the accounts and recent quarterlies. This isn't a penny stock, rather a highly profitable dividend paying enterprise.

[casholaa] 24/11/2022 22:26

Investor presentations make me jittery, I hope they aren't looking to fundraise.

[melloteam] 24/11/2022 21:36

Just to let shareholders and prospective investors know that Tharisa, Duke Royalty and Newmark Security will be presenting on the MelloMonday webinar at 5pm on Monday 12th December 2022.

There will be over 500 investors attending and these are very popular shows with company presentations, fund manager and investor interviews, and panel sessions.

Tickets are still available and if you would like one at half price then enter the code MMTADVFN50.

[tigerbythetail] 23/11/2022 09:51

Sailing John - many thanks.

[sailing john] 23/11/2022 09:29

Tiger
It relates to an accounting gain on the acquisition of Karo. So real but one off.

[tigerbythetail] 23/11/2022 09:14

A question, if I may.
Does anybody understand the big gap between the standard EPS (32.7 US cents) and the HEPS (headline EPS 15.5 US cents) - quoted in the interim results?

[gotabsirius] 16/11/2022 10:03

South African listing moving up, now at 112 equivalent in London. Once seller clears big catch up plsy

[ntv] 16/11/2022 07:53

Thanks crooky1967
They used to put it near the top with pgm's but had to scroll down a fair way to find
it

[lennonsalive] 16/11/2022 07:39

From THS on twitter Tharisa Basket Price Platinum $1 029.00 Palladium $2 074.50 Rhodium $12 811.48 Gold $1 773.23 Ruth $312.07 Iridium $2 827.20 Karo USD $1 964.97 Tharisa USD $2 340.04 Tharisa ZAR R40 589.22

[crooky1967] 15/11/2022 20:17

SA concentrate 40-42% is currently $237.50 a ton. Follow Tharisa on twitter and you can get weekly price updates.

[ntv] 15/11/2022 19:43

what is the chrome price like these days as pgm's have picked up recently?