Tharisa Share Discussion Threads

[pecuniarum copia] 04/12/2022 11:17

Main not AiM...



A regular dividend payer, Tharisa’s policy is to pay out a minimum of 15% of consolidated net profit after tax to shareholders.

Tharisa is listed on the Johannesburg Stock Exchange (JSE: THA) and the Main Market of the London Stock Exchange (LSE: THS)

[andydaf] 04/12/2022 08:03

Doubled my holding here friday.I think the karo project puts lots of people off THS but i quite like the risk/reward of the expansion plans.If and its a big if they can pull this expansion off using profits and not too much debt Tharisa could be a billion dollar company.No one knows the future but barring a global depression i think the management here can pull it off.Remenber unlike a lot of uk companies management have a lot of skin in the game here.Like everyone i enjoy my dividends and if they can pay 8/9 cents a year during the expansion phase its a bonus.Time will tell but lets hope Karo is a success not just for us shareholders but also for Zimbabwe.As always Good luck to all

[sotolo] 02/12/2022 17:34

I am hoping/expecting 6c not more

[whitehunter] 02/12/2022 16:22

Monday will be interesting. Personally I’m hoping for an increase/maintain in dividend despite investing in new mine. Feels like there is still a big seller about which is hard to fathom for a company that appears to be raking it in.

[moneyman50] 02/12/2022 16:21

Tharisa dividends have also been paid without the deduction of any withholding tax to UK residents .
Any thoughts on final dividends-EPS last year 37c per share -this year indication 41c to 42c per share (without accounting for profit on Karo acquisition )
Last years total dividend 9c per share (4c interim plus 5c final)
So far this year we have only had 3c per share interim so being optimistic final could be 6c or 7c per share making total of 9c or 10c per share for this year.Net cash is up approx $30 million at 30/9/2022 compared to 30/9/2021 .Any dividend cut might look bad seeing BEE interest (and cut dividends usually have negative effect on share price)has been converted to shares and still loads of cash retained to part finance Karo.

[ukgeorge] 02/12/2022 15:45

I'm tempted to buy back into these, really staggering EPS.

Obviously palladium and rhodium have dropped but still going to be making massive profits.

[casholaa] 02/12/2022 15:33

I learn something new everyday.

[redtrend] 02/12/2022 12:47

Spawny - THS is a Cyprus registered company so it is my understanding there is no withholding taxes between THS and its shareholders when dividends paid.

However when THS release their accounts on Monday there will be line items for withholding taxes, I assume between THS own entities. Based on double taxation treaty I think withholding tax between SA and Cyprus is 5%, subject to unredeemed capital balances offsetting any amounts. However i'm on my mobile so can't fact check myself, but having a look at THS Accounts 2021 could provide better answer.

[casholaa] 02/12/2022 12:23

Mine are in an isa

[spawny100] 02/12/2022 11:26

Apologies for a question probably asked already. Is there withholding tax on this in an ISA please?

[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