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THS Tharisa Plc

75.00
2.00 (2.74%)
17 May 2024 - Closed
Delayed by 15 minutes
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
  2.00 2.74% 75.00 74.00 76.00 75.00 73.00 73.00 307,441 12:14:46
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 649.89M 82.24M 0.2743 2.52 206.86M
Tharisa Plc is listed in the Miscellaneous Metal Ores sector of the London Stock Exchange with ticker THS. The last closing price for Tharisa was 73p. Over the last year, Tharisa shares have traded in a share price range of 47.25p to 94.00p.

Tharisa currently has 299,794,034 shares in issue. The market capitalisation of Tharisa is £206.86 million. Tharisa has a price to earnings ratio (PE ratio) of 2.52.

Tharisa Share Discussion Threads

Showing 1626 to 1650 of 1950 messages
Chat Pages: Latest  66  65  64  63  62  61  60  59  58  57  56  55  Older
DateSubjectAuthorDiscuss
20/12/2022
09:25
Speculation:
Seller is trying to close out position by end of financial year??
If so, things could get "interesting" here, in a not very ho-ho-ho way.
But the value proposition here is outstanding, so eventually the share price will rise back to a more "normal" level.

tigerbythetail
20/12/2022
08:59
Money man,over the last few year low dividend/no dividend growth companies have risen, just look at Amazon, without much payouts. THS to my mind is a growth company that happens to pay out 17% which is a huge 6% return. I invest here just because the company, as Bezos, had a long term vision, ploughs profit into the future and look to double output unlike SLP. Which should double share price ina couple of years, PGM prices willing. However chrome is near half profit and rising
sotolo
15/12/2022
18:59
Said it before say it again -the market always reacts negatively when a company cuts it’s dividend-always gives the impression something not quite right.
Would have been nice if the company paid out 30% to 40% of its profit after tax and not a miserable 17%.-still would have a lot to reinvest
Shareholders not been properly rewarded hence losing interest and shareprice falling.
Let’s hope once Karo built company Tharisa pays dividends at much higher level and does not fined some other capital intensive project which once again puts shareholders at the end of the queue when it comes to payouts.

moneyman50
15/12/2022
13:08
The thing about share prices is that they can always go lower.
By all normal metrics, Tharisa is severely undervalued already. It's priced like it is a debt ridden zombie headed towards bankruptcy, when it is a debt free, highly profitable, growing and dividend paying company.
So how much lower can it go? 80p would be just plain ridiculous. Which doesn't mean it won't happen!
Anyway, good luck all in picking the exact bottom! I'll "splatter" my buys in the hope of ending up with a decent low average.

tigerbythetail
15/12/2022
12:13
It's broken 100p, not good. Next stop 80p
lennonsalive
15/12/2022
10:37
Ironically if the management were not so ambitious about building/growing the business the share price would be much higher and awash with cash for distribution to shareholders
whitehunter
15/12/2022
10:11
This is turning into a horror show the price action here
basem1
12/12/2022
14:29
Weak bond issue seems to explain the low dividend last week as I thought.
What a shame shareholders having to finance more of the Karo project-hope they are suitably rewarded in a couple of years time when Karo producing and income from Karo not pumped into another project

moneyman50
12/12/2022
13:48
Just sneaked over the $25m - 3rd Party only $21.8m. It would seem they were indeed nervous about the fund-raise when considering the dividend.
podgyted
09/12/2022
14:02
yes on the next show this Monday evening
davidosh
09/12/2022
13:39
Aren't they @ Mello next week?
ntv
08/12/2022
12:03
It seems the dividend might have been cut at the last minute-the company recently twitted about a record dividend which seems to have disappeared.
Perhaps the directors got spoked about the $50 million bond issue thinking there might be a shortfall in the amount raised !
We will find out how the bond issue has gone very shortly.

moneyman50
07/12/2022
21:50
They could have easily stated the dividend policy when they issued the first year end \RNS as they already knew they were going to cut it
VERY POOR PR

ntv
07/12/2022
14:36
Management was on sky business news earlier today.
robers98
07/12/2022
14:27
RNS out - official opening ceremony for Karo...
tigerbythetail
07/12/2022
11:42
I just wonder at this ridiculous low shareprice some major will come in with a takeover offer-even at £2 per share this would be an absolute bargain and pocket change for a major especially if done via a share for share exchange.
The 22.2% dividend cut was a schoolboy error by the directors and has sent a very negative signal to the market and potential investors and probably goes a long way to explaining the negativity in the current shareprice

moneyman50
07/12/2022
10:15
Zimbabwe has major power problems as Caledonia have found
Diesel generators and solar plant will be the answer but costly

ntv
07/12/2022
10:15
When a share price can't go up it must go down. And we have had a seller here who has been offloading a sizeable position for some time now. This will rise back up again to more "normal" levels once they are done.
Tharisa has never been in a stronger business position. And yet a look at the long term share price graph would make you think that the company was in some trouble. That's how distorted things are here now.

tigerbythetail
07/12/2022
08:38
The market seems to have its head on backwards at present Roll on January
basem1
07/12/2022
08:28
Here we go sub 100p, I should just go short rather than long here :D
nakedmolerat
06/12/2022
22:24
SteadyEddie - as moneyman has partially pointed out you are incorrect Net Profit adjusted for Karo acquisition is more than last year.

Last year's Profit attributable to owners of the Company was $100m, this FY 2022 it was $117.4m. There's a breakdown on pg.27 of the Financials Presentation

hxxps://www.tharisa.com/pdf/investors/presentation/2022/tharisa-fy2022-results-presentation-final.pdf

So based on that adjusted/ normalised profit stripping out Karo, THS is on a current PE of merely 2.5 (based on USD GBP 1.2 Forex and normalising for Net Cash position), when it's open pit mine life is 19yrs not taking account of Karo and Tharisa Mine optimisations (benefication, hopefully increasing chrome over time to 2MT etc.). I'm also not taking into account their trade surplus of $25.8m. THS is unique in that its Trade Balance (Trade Receivables minus Trade Payables) is in large surplus not included in Net Cash. Most miners and producers this normally reversed.

On Karo to nitpick, their Net Interest I believe is actually 56% (66.3% x 85%), with Leto owning 1/3 of Karo Mining Holdings and Karo Mining Holdings 85% of Karo, with 15% to Zim Government (Generation Minerals). That's 56% of 190k oz p.a. 17yr open pit life, with huge room for expansion on top of that if it works out.

redtrend
06/12/2022
21:12
Ignoring the profit on the subsidiary - EPS is circa 42c per share(last year 37c per share) and net cash as at 30/9/2022 is circa $80 million and no doubt growing on a weekly basis.
The investment in the new mine is over 18 months of which some has already been spent.
We have the $50 million bond issue -results of which will be announced next week and no doubt the rest of the investment will come from senior loan arrangements and current cash balances.the first anticipated production is in 18 months.

moneyman50
06/12/2022
19:44
Never looked at THS before. Profits as stated are exaggerated by the $48m book gain on acquisition of a subsidiary, without which they're lower than the previous year.

The P/E and % divis look great, but investing $391m (which has not yet been raised) in a half share (70% x 76%) of an unbuilt mine in Zimbabwe is enough to put the frighteners on anyone!

One for the watchlist only...

5teadyeddie
06/12/2022
19:13
Well said Podyted -still taken aback at the 22.2% cut in dividend when EPS and cash balances at record levels-no wonder the shareprice is stuck in a rut!
As always shareholders take the big hit in the bad times but are not given a fair share payout when times are good

moneyman50
06/12/2022
18:59
All other things being equal, I can't see this doing much until Karo is up and running and has a couple of years under its belt. That's what I think the market is indicating - can't say I agree but I'm not the market.

Cutting the dividend whilst having a record year was a massive own-goal, but the powers that be have salaries we don't.

Kept a few for interest, sold the rest.

podgyted
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