Tharisa Share Discussion Threads

[otemple3] 21/2/2020 09:37

The post has been deleted - he posted on about 100 boards this morning with a link to a dodgy Twitter account

[ukgeorge] 20/2/2020 21:47

fingers crossed it continues. Rhodium and palladium were making up circa 20% of revenue both have doubled in price. Chrome still in the doldrums though. Most the broker notes I have seen have a share price target of 160p region. fingers crossed they are right :)

[bookwormrobert] 20/2/2020 16:48

Hi UK George!
What happened? People realised what a difference higher PGM prices would mean to the revenues (and therefore profits) of Tharisa, all other things being equal. Especially as Tharisa's basket is heavy in rhodium. Do the maths - you might not want to sell your shares!
IMO, it's a good example of how a misprice builds up over time, and then suddenly corrects when the market realises how absurd it has become.

[ukgeorge] 20/2/2020 16:43

Hehe, I tried to sell out earlier couldn't get a quote online so didn't bother :)

Nice surprise.

[daz] 20/2/2020 16:33

Wow, what happened in the last 10 minutes? I'm guessing that an overhang must have gone for there to be such a reaction.

[paleje] 20/2/2020 10:20

Bit disappointing and April before next quarterly but I think we're overlooked.

Worth noting SLP share price has risen by ~50% since reporting results last week.

We should get a rise from pgm's too in spite of the lacklustre chrome price which they don't believe is sustainable and might start improving by Q3.

Last FY pgm's and chrome accounted for roughly the same amounts each of gross profit, but in the last quarterly report pgm production increased more than chrome so the benefit of pgm price strength should outweigh chrome weakness. Particularly if that trend continues in the current quarter and no reason to think it wouldn't as management are up with events.

[robizm] 19/2/2020 20:57

Record pgm prices and we go down lol.

[fillipe] 19/2/2020 08:12

RNS today - holding doubled.



Significantly so.

f

[mfhmfh] 13/2/2020 13:33

Peel Hunt today reiterates buy rating and 165p target price.

[robizm] 10/2/2020 15:51

They don't do chrome just platinum group metals. But agree this one will do 155 to 165 ounces of pgm this year.

[ukgeorge] 10/2/2020 15:04

Can you copy and paste the article please?

[paleje] 10/2/2020 13:41

ST in Investors Chronicle just issued a strong buy article on SLP, they do chrome and pgm metals too, similar stuff to these and efficiently managed.

[goodgrief] 23/1/2020 12:18

He was the 5th out of 5 presentations last night, so concentration was lapsing a bit. Sounds pretty tightly managed operation. Reasonable confident that chrome prices will stabilise after one producer dumped supplies onto the market and caused prices to crater. Looking at opportunities in Zimbabwe. Also looking at solar power, given both countries have dodgy electric supplies.

[ukgeorge] 23/1/2020 11:41

Okay thanks, any other interesting takeaways from the event?

[goodgrief] 23/1/2020 08:12

UKG... that was the sense I got from last night's Pr*Active Inv&estors presentation that this good be an interesting punt on PGM prices.

[ukgeorge] 22/1/2020 14:42

Decided to buy some yesterday at 80p.

My reasoning,

Palladium has doubled as has rhodium, these made up 23% of the companies revenue in 2019.

Even with chrome prices in the doldrums 2020 should see much improved revenues from these by products.

Chrome prices fingers crossed should not go much lower.

The palladium and rhodium story has been missed by the mkt imo

[ukgeorge] 21/1/2020 15:32

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[ukgeorge] 21/1/2020 15:27

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