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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% 105.00 7,175 08:00:25
Bid Price Offer Price High Price Low Price Open Price
104.00 106.00 106.50 105.00 105.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 442.78 137.55 27.77 3.5 314
Last Trade Time Trade Type Trade Size Trade Price Currency
08:03:08 O 1,000 105.24 GBX

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Date Time Title Posts
31/1/202314:56Tharisa - PGM Producer in South Africa1,636
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
08:03:09105.241,0001,052.40O
08:00:31105.24469493.58O
08:00:25107.005,7066,105.42UT
2023-01-31 16:28:43105.243,3253,499.23O
2023-01-31 16:28:08104.33220229.53O
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Tharisa (THS) Top Chat Posts

Top Posts
Posted at 31/1/2023 08:20 by 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 105p.
Tharisa Plc has a 4 week average price of 96p and a 12 week average price of 92.50p.
The 1 year high share price is 172.50p while the 1 year low share price is currently 92.50p.
There are currently 299,261,811 shares in issue and the average daily traded volume is 425,958 shares. The market capitalisation of Tharisa Plc is £314,224,901.55.
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 23/12/2022 12:52 by tigerbythetail
Hi Sotolo!
I do think the underlying reason for the drop in the share price is that for one or some shareholders the risk of Zimbabwe is simply too much, and it has triggered them to sell up. The current depressed share price would be almost inconceivable if Tharisa were giving the cash they are generating back to shareholders rather than investing it into Karo.
I do believe from the book it is one largeish holder reducing a substantial position, rather than many smaller ones. But you can never be really sure about things like that.
Any road, at some point the seller(s) will be done, and any new shareholders that come aboard will have already accepted the supposed extra risks that investing in Zimbabwe brings. Personally, I'm a long term investor in CMCL, which successfully operates a gold mine in Zimbabwe, so I am fairly relaxed about that.
As for 2023, who knows what it will bring? I only have questions without answers. The most important being: Will the Ukraine war end? Will it spread and morph into World War 3? How will the Chinese housing collapse and Chinese Covid play out? Will China invade Taiwan? How deep will the likely coming recessions be in Europe and in UK? How low will the pound go?
I don't have many good investment ideas right now, but at some point (IMO, not yet) the bear market in bonds will turn.
Anyway, Happy Christmas all.

Posted at 20/12/2022 08:59 by sotolo
Money man,over the last few year low dividend/no dividend growth companies have risen, just look at Amazon, without much payouts. THS to my mind is a growth company that happens to pay out 17% which is a huge 6% return. I invest here just because the company, as Bezos, had a long term vision, ploughs profit into the future and look to double output unlike SLP. Which should double share price ina couple of years, PGM prices willing. However chrome is near half profit and rising
Posted at 07/12/2022 10:15 by tigerbythetail
When a share price can't go up it must go down. And we have had a seller here who has been offloading a sizeable position for some time now. This will rise back up again to more "normal" levels once they are done.
Tharisa has never been in a stronger business position. And yet a look at the long term share price graph would make you think that the company was in some trouble. That's how distorted things are here now.

Posted at 05/12/2022 17:25 by moneyman50
Agree TBT -strongest results yet,looking very good going forward and broker consensus targets in the £2.50 to £3 yet share price remains anchored to around a £1 and unnecessary cut in total dividend for year cut from 9c to 7c (this might help explain the non movement in shareprice.)
The other point that people might be negative on is the movement on the currency exchange reserve which is manly arises from restating the assets of the company from Zars to dollars and has no effect on the operational profitability of the business
Hate to think how low the shareprice would be if company had not had it’s best year ever.

Posted at 05/12/2022 10:29 by tigerbythetail
I agree that cutting the dividend was a decision which made for a bad headline. And most investors don't look beyond the "headlines". So THS have done themselves no favours with that.
BUT, other than that, the results are excellent. And the outlook for Pd and Rh prices is solid, and China emerging from lockdown should support chrome prices as well.
Going by fundamentals, would anybody think this company was overvalued if the share price were 200p, not 100p? I don't think so. But here we are!

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.
Posted at 02/12/2022 16:21 by moneyman50
Tharisa dividends have also been paid without the deduction of any withholding tax to UK residents .
Any thoughts on final dividends-EPS last year 37c per share -this year indication 41c to 42c per share (without accounting for profit on Karo acquisition )
Last years total dividend 9c per share (4c interim plus 5c final)
So far this year we have only had 3c per share interim so being optimistic final could be 6c or 7c per share making total of 9c or 10c per share for this year.Net cash is up approx $30 million at 30/9/2022 compared to 30/9/2021 .Any dividend cut might look bad seeing BEE interest (and cut dividends usually have negative effect on share price)has been converted to shares and still loads of cash retained to part finance Karo.

Posted at 02/12/2022 12:47 by redtrend
Spawny - THS is a Cyprus registered company so it is my understanding there is no withholding taxes between THS and its shareholders when dividends paid.

However when THS release their accounts on Monday there will be line items for withholding taxes, I assume between THS own entities. Based on double taxation treaty I think withholding tax between SA and Cyprus is 5%, subject to unredeemed capital balances offsetting any amounts. However i'm on my mobile so can't fact check myself, but having a look at THS Accounts 2021 could provide better answer.

Posted at 29/11/2022 09:29 by tigerbythetail
The share price always seems to ignore these JSE "warning" RNSs, no matter how good the numbers. It only moves with the actual results.
Anyhow, the numbers pleasantly exceed my expectations. IMO, Tharisa is severely underpriced - a 150p to 200p share price range would be more like it. It's crazy how Tharisa is becoming a dividend share, even though the dividend (according to their clearly spelt out policy) is covered about six times. That's how profitable and under appreciated this company is!
In other news - Covid hitting Chinese auto production for now (down for PGMs), but China also clearly changing course on Covid in the medium term towards a "living with it" strategy (good), plus China allowing their struggling house builders to sell shares again (good for chrome).

Tharisa share price data is direct from the London Stock Exchange
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