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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 Shares Traded Last Trade
  9.00 6.87% 140.00 2,865,452 16:35:19
Bid Price Offer Price High Price Low Price Open Price
135.00 139.00 139.00 131.00 131.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 279.02 9.08 3.25 48.8 373
Last Trade Time Trade Type Trade Size Trade Price Currency
17:08:40 O 71,938 139.00 GBX

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Date Time Title Posts
03/3/202115:14Tharisa - PGM Producer in South Africa383
25/5/200022:02GRowth Stocks Investors - May/June 2000.3
29/4/200005:56Tal. Hs. Can chart be posted, hic.3
14/12/199917:27Talisman House1

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Tharisa (THS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
17:15:00139.0071,93899,993.82O
17:15:00133.10324,010431,249.86O
17:15:00132.6735,00046,434.50O
17:08:41140.01191267.41O
17:08:09140.0060,46584,651.00O
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Tharisa (THS) Top Chat Posts

DateSubject
03/3/2021
08:20
Tharisa Daily Update: Tharisa Plc is listed in the Mining sector of the London Stock Exchange with ticker THS. The last closing price for Tharisa was 131p.
Tharisa Plc has a 4 week average price of 122.50p and a 12 week average price of 90p.
The 1 year high share price is 140p while the 1 year low share price is currently 37.50p.
There are currently 266,610,951 shares in issue and the average daily traded volume is 547,051 shares. The market capitalisation of Tharisa Plc is £373,255,331.40.
03/3/2021
15:14
x54v: Yes, volume very strong today in particular and has been building along with the gentle rise last month. A lot more people becoming interested as they pick up on just how undervalued THS is at the moment.
03/3/2021
11:26
x54v: "My crystal ball wasn't working when I mentioned #THS a weeks before Covid kicking off. Nevertheless it's almost x2 since and as I ref'd a couple of weeks back it's very cheap still - I make it second to only #FXPO in the mining category at spots. The next move possibly starting" hTTps://twitter.com/baroninvestment/status/1367070358432591875
02/3/2021
23:33
sailing john: As this is currently my largest holding by a large margin I suppose I should say hello. Held a few years back as a Chrome play and bought back an opening position last year as a PGM play. Have been adding significantly in the 120s and my average is now around 125. I build models wherever possible and based on Q1 actual and PGM spot and an assumed 10%? refining margin I have an eps of 22p for H1 and 53p for FY a PE of under 2.5 I'm happy to share my model assumptions when I have time - always useful to get feedback to enable me to refine. Regarding the apparent Insti seller FIL? I think it is likely they have reached their risk management limit for either the individual stock or the sector/country (following recent significant price rises) and have effectively become a forced seller. This is putting a useful drag on the price if like me you have been buying vol. I'm not expecting a sharp rise as I think the risk limit is capital invested not percentage held and so with each rise in the price I think the risk management limit will force further sells and therefore only a slow rise towards my target of 200p+ over the next few months. Another observation is the publicity THS management are giving to the company and in particular basket price rises via Twitter on a weekly basis. I think they want the price higher to avoid a cheeky bid given that the big SA miners are currently looking at billion pound projects to increase PGM production and another option of course is an acquisition. Feedback welcome SJ
11/2/2021
09:10
ninedoors99: I agree I reviewed their numbers a couple of weeks ago, going back to the 2018 numbers and the much lower basket price and came to the same conclusion. Surely the impact of the increase basket prices has to kick in to the share price over the next few months.
13/1/2021
12:57
redtrend: Hi Martin - from the THS Annual Results Overview, they confirmed guidance for FYE Sept 2021 as follows: "Guidance FY2021 production guidance of 155 koz to 165 koz PGMs (6E basis) and 1.45 Mt to 1.55 Mt of chrome concentrates." From the FY Q1 Report issued yesterday they're clearly on track to meet the middle of both guidances. They are currently working on Vulcan Fine Chrome Project which will increase Chrome to the 2Mt for FYE Sept 2022, they should hit this target. For PGMs, to push past 165K Oz figure, there are a number of optimisations THS are working on and it's THS "aspirational target" to achieve 200K PGMs in FYE Sept 2022 (this is by no means formal, but was stated as an aspiration in the last investor telecon with THS). From my notes from the investor call, the 200k target is dependent on increase in feed grade from open pit and increase in PGM recoveries to 85% (achieved 80% recovery FYE Sept 2020). To assist with this target THS mentioned 1 or 2 optimisation tweaks in flotation circuit as examples. The original target of 2MT chrome and 200K PGMs dubbed Vision 2020 still mentioned on website was pushed back - COVID19 put a spanner in works not just from operational standpoint, but from financing the Vulcan Fine Chrome Project. With the explosion in PGM prices, they are now funding Vulcan Project organically from cashflow. Even with this additional capex for 2021, they've just turned Net Cash and seem to be improving their Net Cash position by $26m per quarter. That was when PGM basket was at $2,400. It's now at $3,000 Oz.
12/1/2021
10:04
redtrend: No worries UKG. To balance my bullish post, the only issue to consider for new investors or existing ones topping up is the COVID19 2nd wave in South Africa. There is a possibility SA Gauteng region THS and SLP operate in could go in to more stringent lockdowns than they are currently under, although this has not occurred yet. THS operations are naturally more suited to social distancing and complying with any new SA Gov dictats as it's all open pit mining, predominantly "yellow fleet". Whereas SLP for example, Samancor who provide the chrome arisings are a mix of underground and open pit. Both navigated 2020 lockdowns without any major issues. It could still have a marginal impact on THS - we've seen from their update some personnel are impacted by covid. On flipside more stringent lockdowns will impact PGM and Chrome underground mining significantly curtailing supply, giving a significant boost to PGM prices and Chrome too. Probably one of many reasons Rhodium is circa $19,000 Oz. It also weakens the ZAR reducing costs. So it's a case of "swings and roundabouts".
12/1/2021
09:34
redtrend: Not sure why you think this is uninspiring - they've had a $26m increase in net free cashflow in 1 single quarter, moving from $21m Net Debt to $5m Net Cash. That equates to $100m+ free cashflow per year based on market cap of only £345m. However since this update, THS 6E PGM basket has increased by $600 per Oz to $2,995oz and Chrome increased by $10tn to $145tn. If those prices were maintained, free cashflow would be in $200m p.a. region. I don't base my investment in THS on PGM basket staying at such elevated levels, but even on $100m free cashflow p.a. this is significantly undervalued. Whilst the dividend investors will all receive in Feb is now only 2% (they still need to announce ex-div date), if these PGM prices continue I would hope THS think about a special interim dividend in the 7% region when they provide interims in April/May time. Once Vulcan Fine Chrome Project is complete ($50m Capex), FY 2022 starting 1-Oct-2021, I would expect 10% dividend yields with the cash THS are throwing off.
14/12/2020
08:13
bubloo: Please check on lse ( LONDON SOUTH EAST)ths share chat. Extensive informed and thorough discussion. THS EPS FOR NEXT YEAR AT THE LEAST WILL BE 70 CENTS OR MORE IF PRESENT PGM PRICE HOLDS. IT IS TRADING AT FORWARD EPS OF 1.3 OR LESS. I WOULD NOT BE SURPRISED IF THE EPS IS CLOSER TO 90 CENTS
26/11/2020
18:56
mfhmfh: Interesting numbers regarding THS: They are quoting 16-17c EPS for the whole year which is about 12p. But they only made 3.6c by the half year which is 2.69p. So in the 2nd half they made around 9p EPS. If they make 9p EPS for the first and 2nd half of next year that gives an EPS of 18p. A PE ratio of 12 gives a share price of 216p (18 × 12). But the 2nd half was impacted by mine closure due to Covid-19 and PGM prices are higher so they should make more than 9p EPS for both halves of the year. 200p should really be a baseline share price and even then it would be discounted. All IMHO. Friday last day to buy before results.
12/10/2020
08:38
sharpshare: Rhodium price today USD 13500 per oz per http://www.platinum.matthey.com/prices/price-tables THS produced 13,5000 oz of rhodium in the last financial year. At today's prices that is worth about USD 182.25 million As THS produces a concentrate they get about 81%? of this value. This year the guidance is for about 14% more PGM's so about 14700 oz of rhodium. Bonanza time! THS is wisely using some of the extra cash flow to pre strip the open pit and upgrade recoveries to reduce costs, increase revenue and boost profits in the future.
Tharisa share price data is direct from the London Stock Exchange
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