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THS Tharisa Plc

76.50
0.70 (0.92%)
24 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
  0.70 0.92% 76.50 76.00 77.00 76.50 75.00 75.50 519,411 16:11:56
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 75.80p. 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 1851 to 1873 of 1950 messages
Chat Pages: 78  77  76  75  74  73  72  71  70  69  68  67  Older
DateSubjectAuthorDiscuss
28/12/2023
08:05
Platinum through $1,000 , chart improving
riddlerone
22/12/2023
12:37
Been watching these for a while and night today as chart looks to be breaking out
essential
22/12/2023
10:30
Platinum price also improving - $980 now, well off the lows of $830 or so. This is more or less the top of the recent channel, so it will be interesting to see if it can break-out over $1,000. Let's hope so.
Rhodium and iridium, which together are highly significant for Tharisa's overall basket price, both stable.
In short, things are looking up for PGMs. THS share price hasn't really moved to reflect this yet.

tigerbythetail
19/12/2023
12:37
Palladium is only 14% of PGM profit at Tharisa even at this 30% risen price so the basket is still not that healthy, but at Karo it is 40%, Karo is essentially a palladium and platinum mine with 14% rh and the nice bonus of 14% gold. Centamin and Hochschild perking up. Wish this would, bu then their metal is rising. Happy Xmas.
sotolo
18/12/2023
15:18
Palladium now back over $1200 and up 30% in a few days. This steep rise happened just before quad witching (options expiry) on Friday and has continued since. Most likely the metal had been shorted half to death, and the shorters have been hurriedly buying back in.
Anyhow, overall PGM basket price looking considerably healthier now.

tigerbythetail
17/12/2023
18:13
It might be better for us in the long run if management admitted they made a bad call and limit the damage any further. But what do I know other than investing in this company has made me poorer rather than richer.
whitehunter
17/12/2023
17:14
Downside is they are priced at below book, but instead of buying back stock or returning capital they insist on investing in Karo - the economics of which look worse by the day.

Its common, but this sort of action is why I need to severely limit my stake.

rjmahan
15/12/2023
11:43
There was a very positive piece about undervalued junior miners in MoneyWeek magazine 3 weeks ago. Tharisa was one of those discussed and the writer used the words 'ludicrously cheap' and pricing Karo as a 'liability, not an asset'. It has obvious risks but, on balance, I tend to agree. It also states Tharisa supplies China with 10% of its annual chrome requirements, which I did not realise. It might be tested in the short term but if the energy transition keeps apace this should do very well.
binghall
15/12/2023
11:28
I believe there's around $330m left to spend on Karo. THS has $116m net cash & generated (pre capex) $105m in 2023 so should be able to avoid significant net debt.

So even if you ignore it's cash, still valued <2 x 2023 ebida. That's with zero value for Karo.

Any recovery in PGM prices & this will fly

stemis
15/12/2023
10:37
Too cheap as per excellent posts above.
nigelpm
15/12/2023
10:28
Wondered why the price shot up
lennonsalive
14/12/2023
17:13
You think this is tumblewood you should see some of the other boards I follow.

On pretty much every metric this looks ridiculously cheap

0.9 x 2023 ebitda
P/E of around 1.5
35% of NAV (or 24% if you want to strip out cash)

Downsides are that quite a bit of cash is going into Karo which market obviously considers worthless. Then there is the volatility of prices (ok, PGM prices are already depressed, but there's potential downside to chrome prices). You'd have though that would be more than in the price even at 100p but this is the market we are in.

stemis
14/12/2023
16:28
Commentator's curse! Having dissed palladium above, it's now rallying hard. It's up about 10 per cent today, and the PGM miners are following...
tigerbythetail
14/12/2023
14:43
Tumbleweed here.
For my money, Tharisa offers amazing value at this level. If you adjust for cash, then the P/E is only a little over 1.
I'm not sure if the Karo investment will turn out to be wise in the medium term, but THS is still a well-run and profitable enterprise. And though it's really a growth stock, it even pays a reasonable dividend.
So I'm buying at these levels when all is quiet. I'm also thinking of buying a platinum ETF as well (but not palladium!), because I'm confident that at some point prices will turn.

tigerbythetail
14/12/2023
11:13
Also ridiculous that they will take 3 months to pay it !!
stemis
14/12/2023
08:03
Large dividend cut too inspite of the earnings figures
basem1
06/12/2023
20:00
Lack of trust in management but as Stemis notes it's priced at a ridiculously low level.
nigelpm
06/12/2023
11:16
EPS of 21p compared to share price of 59p and that's without accounting for the fact that the company has 33.5p of cash. So a cash adjusted P/E of 1.2 assuming Karo is worthless...

Clearly overvalued

stemis
06/12/2023
08:51
Yes - but market cap has gone so low that you'd probably consider it irrelevant to the current price.
nigelpm
06/12/2023
08:50
Wasn't it effectively a profits warning they announced this morning?
121spa
06/12/2023
08:09
THS flash sale this morning, 13% off price down near 50p, buy while you can
sotolo
04/11/2023
08:09
There’s a pretty fundamental failure in that article:

“ The Department of Transport recently published a study on this question. It concluded that because EVs are cheaper to run than conventional cars the cost differential between a journey in an EV and one on our expensive public transport system will widen. ”

Which assumed road pricing/private transport taxation does’t change to reflect increasing EV use as fuel tax declines. Of course it will, it has to. Most likely we’ll see increased charging based on road use, use in congested vs uncongested places times etc. For now cheaper costs of EVs are beneficial in promoting uptake, but once they are the norm then change is inevitable.

greyingsurfer
03/11/2023
22:01
hxxps://masterinvestor.co.uk/economics/its-time-to-tell-the-truth-about-electric-cars/
mfhmfh
Chat Pages: 78  77  76  75  74  73  72  71  70  69  68  67  Older

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