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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
|
|
|---|---|---|---|---|---|
| 0.00 | 0.0% | 61.50 | 31,501 | 08:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 61.00 | 62.00 | 61.50 | 61.50 | 61.50 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Miscellaneous Metal Ores,nec | USD 686M | USD 153.88M | USD 0.5133 | 1.46 | 224.85M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 12:06:59 | O | 814 | 61.90 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 17/10/2023 | 06:22 | ALNC |  Tharisa delays Karo project as platinum group metals output slumps |
| 17/10/2023 | 06:00 | UKREG | Tharisa PLC Tharisa Q4 FY2023 Production Report |
| 03/10/2023 | 10:00 | ALNC | IN BRIEF: Tharisa unit Karo names Andrew Henwood as financial director |
| 03/10/2023 | 08:30 | UKREG | Tharisa PLC Karo Mining Holdings VFEX update 30 June 2023 |
| 28/9/2023 | 15:03 | ALNC | IN BRIEF: Chen Hao joins Tharisa board as Zhongliang Hong exits |
| 28/9/2023 | 06:00 | UKREG | Tharisa PLC Directorate Change |
| 01/8/2023 | 13:15 | UKREG | Tharisa PLC Transfer of treasury shares/Total voting rights |
| 21/7/2023 | 13:00 | UKREG | Tharisa PLC Dealings by director of major subsidiary |
| 12/7/2023 | 06:00 | UKREG | Tharisa PLC 3rd Quarter Production Results |
| 12/7/2023 | 05:57 | ALNC | Tharisa platinum production down after nine months as prices slump |
Tharisa (THS) Share Charts1 Year Tharisa Chart |
|
1 Month Tharisa Chart |
Intraday Tharisa Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 12/11/2023 | 23:40 | Tharisa - PGM Producer in South Africa | 1,802 |
| 25/5/2000 | 22:02 | GRowth Stocks Investors - May/June 2000. | 3 |
| 29/4/2000 | 05:56 | Tal. Hs. Can chart be posted, hic. | 3 |
| 14/12/1999 | 17:27 | Talisman House | 1 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 12:07:01 | 61.90 | 814 | 503.87 | O |
| 12:02:20 | 62.00 | 10,000 | 6,200.00 | O |
| 11:30:51 | 61.80 | 1,618 | 999.92 | O |
| 11:27:10 | 61.80 | 1,194 | 737.89 | O |
| 11:00:06 | 62.00 | 1,600 | 992.00 | UT |
| Top Posts |
|---|
Posted at 16/10/2023 14:19 by tigerbythetail The rhodium move is becoming significant - it's now $5,250 / oz (JMAT prices).Given THS's prill split this will make quite a difference to their average PGM price. |
Posted at 12/7/2023 09:31 by stemis Thamesis research note - hxxps://www.researchOur forecast EV/EBITDA and PER multiples multiple for FY2023 are 0.6x and 1.7x respectively, P/NAV is only 0.19x. We find these multiples extraordinary given the growth trajectory of Tharisa and the continued cash generation from its key asset. We maintain a PT of 300p whilst wondering openly whether the Pouroulis family will start to look at a management buyout if the share price stays at these levels. It certainly feels “doable” |
Posted at 12/7/2023 07:29 by tigerbythetail Yes, I did. Only a few so far. Got 69p!I'll buy more once the share price settles down a bit and the spread narrows later on. |
Posted at 10/7/2023 08:58 by tigerbythetail Hi Sotolo!I decided to leave it till Thursday and to see how production is going before buying more. There is just a chance that the share price is reacting to problems (unknown to me) at the mine, rather than to what I believe (PGM prices / general SA woes). This still feels to me like a panic bottom and a buying opportunity, but I don't think waiting three days will make a big difference to my buy-in price, and safety first. I do take the point about how it takes time for low prices to drive out unprofitable production. However, I still wonder if the current market malaise isn't caused by over-production, as such, but by the release into the market of Russia / NorNickel's strategic reserves of PGMs. Certainly, Russia is selling gold. I know it still looks calm on the surface, but underneath Russia's economy is in turmoil. Most Russians I know, (which includes some "players"), believe defeat in Ukraine is all but inevitable and civil war is more likely than not now. FWIW, I don't agree with the article you posted on LSE about "the death of ICEs". I thought the underlying statistical assumption on which the forward projection was based was absurd (50% growth p.a.!). You might also look at how 2nd hand prices for EVs are crashing in the West (contrasted to ICE vehicles). Most owners come to regret buying EVs, and the "green" argument for them is flimsy when analysed closely. The greenest thing we can all do is use our old cars as little as possible, and keep them on the road for as long as possible. Anyhow, it will be interesting to read Tharisa's own market commentary on PGMs on Thursday as well! |
Posted at 09/7/2023 09:52 by tigerbythetail 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. |
Posted at 05/7/2023 14:08 by sotolo 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? |
Posted at 30/4/2023 08:15 by sotolo Well pretty much everywhereTharisa’s own regular Monday price tweet for instance, a couple of months ago $293.8, latest $282.5 and add in fall in dollar so in sterling (which we buy shares in) down from £246 to £225 which translates to around 25% less profit on the chromium Or Investing.com where it has been having roughly weekly falls for a couple of months now. Or others Combined with PGM falls explains share price as our extraordinarily high profits are hammered and look like the outlier they maybe were. Still a great company especially if Karo goes well and IF PGM prices, that matter so to Karo, eventually turn. However trends have a habit of going much further than investors imagine Imho |
Posted at 28/3/2023 15:41 by moneyman50 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 |
Posted at 11/1/2023 08:51 by 1jbrisky Sotolo,I agree entirely. The fact that the SLP share price is even within 20% of ours, let alone in front, is short term crazy. I posted similar a few months ago. I have until recently, always been invested in both companies (but never, by the way JLP, I have a Colin Bird aversion) but I now view SLP as a mature business and I'm no longer invested. Karo gives us the opportunity to pretty much double the size and profit of THS within the next 2 years and in my view is very much a growth company. Chrome sales and the margin of error given the share price mitigate any Zim geographical risk. The short term reduced Divi is what many are clearly steering clear of but over 5%, and very safe, is decent. |
Posted at 05/12/2022 07:34 by indalo Agree the dividend is a disappointment, especially given the poor share price performance. On the other hand net profits of $167m over market cap’ of $380m make it PE of 2.28, with the potential to double output (and profit?) from Karo, with minimal or no dilution due to the reinvestment of cash flow. So a doubling of profit followed by a doubling of rating (supported by a more generous future dividend policy off higher earnings) would suggest 4x today’s share price if the PE re rates to just 4.6x FY25 earnings. Meanwhile being paid 5.8% to wait, with very low share price risk is not a bad return. |
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