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THS Tharisa Plc

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 1776 to 1797 of 1950 messages
Chat Pages: 78  77  76  75  74  73  72  71  70  69  68  67  Older
Yes Tiger but it is surprising how long miners keep loss making lots going in hope prices will turn, Hochschild Pallancata aisc is now over $30 an ounce for silver while it has been selling around $23 and that has lasted a while so I expect a couple of years of these or lower OGM prices for supply to diminish which would be great apart from demand is still falling too. However IF chromium stays up we are quids in. Tell us what you buy this morning and best of British
South Africa is in a far worse position than 5 years ago.
I also think this panic drop has gone way too far, so I bought a few on Friday @70.2p and I'm thinking to add more on Monday.
Is Tharisa really in a weaker position than it was five years ago - because that's what the current share price is saying?
I still have reservations about South Africa (as a jurisdiction), but at this price I'm prepared to take the risk. As for PGMs, the market will balance one way or another. At current prices South Africa's PGM deep mining operations must be losing money hand over fist, so a few months of these prices and shafts will start to close.

Well been naughty and reinvested £10k of the divi today as it touched 70p, got 70.25 twice.
No consolation, boohoo, question does rh bottom at 4000 as 2019 or under 1000 as 2015/16, I assume the latter. Also even if Bev vehicle sales slow they are still eating into ice sales
If it's any consolation SLP is falling fast too. The situation in South Africa doesn't help either.Did spot that one of the major German car makers has halted production of its EV range as demand has fallen short of expectations. Lot of pressure in Germany to extend the time period for the cessation of ICE vehicle production and could well be the same here.Not that my lithium miners are doing much better atm.
Tiger, demand for these metals is falling and remember a small fall, ie from a worldwide production deficit to surplus, can have a very big effect on price. Ice worldwide sales are accelerating their tumble, which has been much heralded and is now here. And when metals like rh are hit by this they can truly collapse as I have been suggesting for ages and we have now seen, though every time I say so I am poo pood but I expect again, and I say so again. But as long as chromium price keeps up, dividend chopped and maybe Karo paused, we should get through and hopefully other PGM miners will fall by the wayside which will eventually reduce worldwide production. However it may be a tough couple of years waiting; just such a shame the balance sheet is now more stretched with hefty interest payments and Karo demanding more cash just at the wrong time in the cycle. How far do you see the share price falling, halving again? Or more?
In case you missed our webinar with Tharisa plc (THS), the recording can be found on our YouTube channel:
Palladium fundamentals much better than platinum
Epic bust in PGM prices now - platinum below $900, palladium below $1200, and rhodium at $2500 (all Kitco prices, so take the Rh bid with a pinch of salt).
Most price predictions I've read for PGMs this year has been flat-out wrong. I still wonder if Russia /Norilsk Nickel weren't holding a bigger strategic reserve of PGMs than the market thought, and if this isn't that reserve being liquidated en masse. Demand for these metals hasn't suddenly vanished, so the cause of this price crash is a bit of a mystery.
At some point the South African deep miners are going to start cutting back production. (And they are more reliant on Eskom than THS as well). So the market will eventually balance again.

This share has been on my watchlist for some time and I keep reading very positive reviews of the company. But as a substantial holder in JLP and SLP already (and seen their values sink) I will not be increasing my exposure to South African miners until and unless there is some indication that the government is getting a grip on the endemic corruption and incompetence that is ruining a great country. Whether that will happen in the short term must be highly unlikely so THS will just have to stay on my watchlist for the time being.
Hi Sotolo!
There's a couple of good posts on LSE about the (very low) valuation of THS, so I won't bother to repeat here.
I'd add that IMO the biggest risk here is not anything connected to Tharisa or PGMs, as such, but geo-political. The SA government is behaving / has behaved with incredible (almost mind-boggling) stupidity, and the consequences for SA may be dire. As the 33rd biggest economy in the world, with huge structural problems (e.g. Eskom, but not only), SA simply can not afford to get sanctioned. And yet...
(FWIW, this is why I'm holding back for now on all SA shares).


South Africa’s perceived ‘friendship217; with Russia is already severely hurting the southern African country economically – with potentially full-blown United States sanctions not yet ruled out.

The Americans are still considering what to do about South Africa allowing a specifically sanctioned Russian cargo vessel, the Lady R, to dock at the Simonstown naval command near Cape Town, there allegedly loading weapons, or weapons-related cargo, early last December.

Last month, the US ambassador made an extraordinary public allegation that the South Africans had not only allowed a sanctioned vessel to dock but had further violated international sanctions imposed on Russia for its invasion of Ukraine by supplying Russia with unspecified military equipment, believed likely to include electronic components for high-tech weapons systems.

The subsequent diplomatic row triggered a crisis in US-SA relations, that rift still not having been resolved, despite several missions to Washington by various South African delegations, one sent by President Cyril Ramaphosa, another by the opposition Democratic Alliance.

Even without further direct sanctions from Washington over the Lady R saga, the impact of South Africa’s perceived leaning towards Russia put severe negative pressure on the South African currency, which plunged to its lowest-ever value against a basket of currencies including the dollar and the euro.


Gosh nobody has posted on this board for a month now! It is getting a little scary as the PGM price continues to fall week by week as it has for a couple of years, with no sign of an end, but now chromium that has been our saviour has turned down too, along with the Chinese economy. Now pgm basket around $1600 and a fair bit less for Karo and chromium down over 3% this week or around 290. Does anyone have any idea of our rough aisc at here prices for Tharis and Karo PGM’s and for the Tharisa chromium. I understand it is not easy as the mix has changed with PGM halving and chromium doubling, I presume that more (almost all) profit now comes from chromium.
And the biggest question for Last, will we have enough cash flow to fund Karo, or will we have to borrow more at penal rates

for inventories, I think it can mean a couple of things, so you would have spare parts, diesel and other consumables, that are bought as stock gets lower then used so the costs of them might be in one or a couple of hits but then they only count as operating costs as they are consumed.

Then there is the end product the metals. These wouldn't be shipped out on a daily basis, so again I would think the $14.9M is just simply how much metal and say spare parts they have.

I guess it can be negative if a large amount of a consumable has been delivered but not paid for. I'm not an account so could be wrong.

If you look in note 7, the cost of sales is broken down there. The main one is change in inventories, which has swung from USD -12.9 million to USD +14.9 million. All other factors more or less cancel out.

I don't know what "change in inventories" means in this context, so could someone maybe explain? Thanks.

“White hunter, ye if dividend was maintained but it won’t be“

Wrong again Sotolo

Sorry post below should read costs of sales up $30 million!
I agree it would be good to know how much of the increased cost of sales is down to one-off factors (i.e. flooding), how much of it is down to increased fuel and power costs (which may come down again), how much is down to currency movements (which again may reverse), and how much is effectively permanent.
Also, you're right to wonder how well Vulcan is working.
All that said, the results are as I expected, the dividend is welcome, and I'm optimistic for the future. The only reason I'm not buying more this morning is that I worry about South Africa in general, and I want to keep my exposure to it within limits.

The interim results are slightly disappointing -turnover is virtually the same but cost of sales are up $40 million.Why have production costs increased so much and where are the supposed Vulcan efficiencies
Is South Africa becoming uninvestable?
arlington chetwynd talbott
Bought a few more yesterday,lots of political risk but i take the view its everywhere including the west.Rand has suffered but this should help Tharisa.Crucial thing is where pgms go from here.Tharisa aside from being in south africa and zimbabwe is stupid cheap imho but like anything its a gamble.GLA
The 3pm RNS caught me out yesterday, so I'm coming to this late...
Market over-reacting. Happy to buy at 84p. Not really expecting a quick return from this (except dividends), but looked at in the medium term, this has to be a great price to buy in at.
My chief worry is South Africa completely falling apart. So I'm buying within limits.

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