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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 1701 to 1724 of 1950 messages
Chat Pages: 78  77  76  75  74  73  72  71  70  69  68  67  Older
DateSubjectAuthorDiscuss
28/3/2023
16:41
Sotolo -lets see what the production figures tell us in a couple of weeks time.
Although PGM prices are down the chrome price has been hovering around $300 per ton for weeks -(much much higher than this time last year) production costs are down from last year in dollar terms and freight costs are also down considerably-finally if targets are hit chrome production numbers will be up.As for PGM general consensus is for an increase in platinium prices which make up the balk of our SA basket.My basic calculation is the current PE ratio is about two.I am supposed a takeover approach has not been made barring in mind the ridiculously low shareprice ,Anyone offering £2 per share would have an absolute bargain
There is no justification to cut the dividend which is a very small percentage of profits after tax (circa 15%).A 4 cents dividend costs the company £12 million-currently covered by less than 3 weeks of chrome sales and hardly material in the overall costs of Karo
Finally all brokers have target share prices at least 2 times the current share proce

moneyman50
28/3/2023
13:07
I too bought more as you know at 94p, but only £7k, with the divi. I am not sure Inagree tha this is such good news, borrowing money at what must be a high rate though I didn’t read what it was, did you, in order to safeguard paying the divi in future rather than spending that on Karo. I agree it increases flexibility, I never understood a rights issue was on the cards, but is still just expensive secured borrowing
That THS could always do if pays through the nose, so I expect the share price to continue to hover sub £1, just as it has been, and to continue south as/if PGM’s fall further unless made up for by rising chromium, though the up escalator for this seems to have ended

sotolo
27/3/2023
13:52
Agreed. Very positive and removes a lot of refinancing risk. At 200p this still looks cheap, but more visibility on enhanced distributable earnings will solve that.
indalo
27/3/2023
09:25
I'm taking the finance as good news - THS could just about have funded Karo from internal cashflows, as long as there wasn't a major world recession (= commodity price crash). This both insures against that and increases flexibility.
I'm assuming the price dumped to 92p because there were concerns about an equity raise. So this should bounce back now.
Glad I bought more at around the bottom. Still holding for 200p medium term - the undervaluation here is crazy, even allowing for SA and Zim risk.

tigerbythetail
27/3/2023
09:11
£130mil finance secured. Ths could be on the up.
ianb5004
24/3/2023
08:02
Tipped by Moneyweek today
wingrove4
22/3/2023
17:47
FWIW, I bought a few today, and I'm thinking to buy more. Though slowly, perhaps, as I'm not sure:
a) where rhodium will settle, and
b) how bad the (likely) coming recession will be, because that will inevitably hit all commodity prices hard.
I believe (but with fairly low confidence) that the Russians have been dumping rhodium and palladium from their reserve stocks onto the market because they are in such dire economic straits, and that the current glut of product is temporary. It's also worth noting that SA deep mine production will come down gradually. I'm not sure we've found a bottom yet for the two metals, but it's there somewhere. Barring a humdinger of a world recession, demand should be strong enough.

tigerbythetail
22/3/2023
06:16
Never mind? Rhodium now I free fall with decline accelerating and nothing to stop it, down 70% now in a couple of years and PGM prices hurtling towards beak even and loss, makes Karo investment a big question unless this turns as currently building a loss making mine. Big question is will chromium stay up and make up for PGM losses as those fall, and will THS have to borrow more to build it? Explains the rear view pe of 2 as going forward we could be 10 20 or more. Mi es are of course cyclical as is chromium but the PGM decline may be secular
sotolo
20/3/2023
12:49
never mind
frizzers
02/3/2023
16:43
Really good day today when considering it went ex div. Good volume too. Assuming that some people sold in the days before the div and bought back today.
dunns_river_falls
02/3/2023
08:58
From VTU today:

'Signs of new car supply improving after extended period of disruption...'

mfhmfh
02/3/2023
08:47
exdividend today dont forget
nakedmolerat
01/3/2023
22:16
strange, on my favourite site chromium is a little off, hopefully just a breather from a great rise which has been just about making up for PGM fall….so far
sotolo
01/3/2023
10:39
Chinese business activity blows past pre-COVID levels in Feb - PMI
pecuniarum copia
01/3/2023
07:24
China’s factory activity reading rose to 52.6 in February, its highest level since April 2012.
mfhmfh
28/2/2023
11:20
I think maybe the market has been anticipating the rhodium tumble, with electric vehicle sales taking off and expected to reach a third of vehicles within 5 years. If that really happens would be a massive hit to PGM’s and in Karo we have put a big further bet on them. However this would still be fair value on quartered profits imho
sotolo
23/2/2023
16:40
You say jam tomorrow but look at all those companies that come and gone like spacs, oilers, techs etc no value at all. This has growth and dividends. It's just frustrating the market doesn't recognise this at the moment.
lennonsalive
23/2/2023
16:24
It's much more tax efficient for the company to reinvest and grow with free cash flow than return it via divis.

The problem is that they might screw it up and loose the cash they invested. However returning the cash to me might suffer the same problem. I may also screw it up!

loglorry1
23/2/2023
15:49
It would be nice to look back and find that this was a great entry point. However I take your point that it could be a long hold. Dividends are not too bad atm.
whitehunter
23/2/2023
15:22
tharisa will never get near SLP until they start to do a lot less jam tomorrow projects and get a better balance with shareholder returns

you can only re-invest for so long. they need a period of great dividends and / or buybacks and then the share price will fly

until then there is no movement, and dead money. i have a decent amount and have 3 far better prospects to invest in, so why would you sit and watch paint dry until karo kicks in ?

martinfrench
21/2/2023
11:39
Also need to take into account significant fall in shipping freight costs and rand/dollar exchange rate.
moneyman50
21/2/2023
10:28
Yes PGMs are done but are forecast to increase-everyone seems to forget the price of chrome is nearly double that of the price this time last year-this should more than outweigh the recent weakness in PGM prices
moneyman50
20/2/2023
11:31
NTV basket still falling, now down to $2175 at this rate it may eventually make the share price seem fair value, unles the share price falls with the basket
sotolo
10/2/2023
09:47
Rhodium appears to be creeping back up too
ntv
Chat Pages: 78  77  76  75  74  73  72  71  70  69  68  67  Older

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