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At my average price I'm getting 6.11%, better than any savings account. Ex-div 26th October.
I'm quite happy with this, at this level of pricing the yield is a whopping 6.5% - happy days!
And probably not the first push back of this policy (?) good for SLP even if it’s bad for the environment…
Bangrak, is this not exactly the point though? SLP is a play on PGM and no one can say with certainty where PGM prices will be in the future. You have your view of PGM prices and others have theirs, as does each broker. We will all be able to find PGM forecasts to support our view of whether or not SLP is a good investment.
Your posts are helpful to provide a balanced view but only time will prove which view is correct!
Is going up, we could see mid 80's or near 90p this week or next week if momentum keep increasing.
One of the attractions here has got to be their dividend policy of an annual dividend of 40% of free cash flow and the ongoing strong demand for platinum?
Https://www.heraeus.com/media/media/hpm/doc_hpm/precious_metal_update/palladium_standard/The_Palladium_Standard_2023.pdf
Those filtering me for saying it as it is, won't see this so that's their problem, Ignorance to them is bliss, but have a look at P36 released today which matches what Trading Economics has been quoting for many weeks. Do the maths on this in the basket, and ask yourself why the house broker can still use $13k when the industry has $3950. Simon Thompson is totally wrong on this at present as he is quoting the house broker numbers. Soon house broker will have to follow Edison into a downgrade, This will be done discreetly unlike Edison did in a note (well done to them for being honest) Then you stockopedia fans will see the downgrade.
Who is actually misleading you here?
Always a positive sign. Share buy backs to continue aswell. All good
I'm out myself, will buy back when the price shows sign of improvement
Sold the last of my position today after some years in this stock.
I may buy back in modestly under 50 pence, but even that will depend upon basket price outlook as well as the next couple of quarter's results. SLP is likely to post somewhere near breakeven (or a modest loss) for q1, I imagine, which should lead to a lower share price in my opinion.
I've been surprised how aggressively China is taking up EVs, especially since they aren't really very sustainable at all.
With hindsight, I should've sold a bigger position at an earlier stage: another small lesson for me.
LSE Admin have already deleted most of the spam accounts so ignore my post below about the NCYT board as the posts have gone. The posts had provided further evidence that they were 'Artificial' but they forgot about the 'Intelligence' bit.
82p to buy, will it hold or drop back ???
And to prove how these things fail the Turing test, have a look at the top few posts on the NCYT board:
https://www.lse.co.uk/ShareChat.html?ShareTicker=NCYT&share=Novacyt
There are multiple other 'signals' in the posts over the weekend that I won't highlight as it seems to be learning already.
Hello, HAL. Do you read me, HAL?
It's a spam bot that is scraping text from previous posts and reworking them with a few subtle differences based on using different words with a similar meaning. It's spammed quite a few different boards this weekend, user name always follows the same format, and a new account just opened. The worry for LSE admin may be if this is also getting round their sign up protocols, or is there human involvement?
Two more plonkers for the green bin
Posts I'm referring to below should eventually be deleted . A fraudster using dual identities.
Clearly a pss-take on my previous posts.
Whoever the joker is, they're too cowardly to post under their own ID so created a brand new ID.
Gross basket $2086 net basket $1534 (25% smelter costs cont liability etc)
Production 75,469
4e revenue was $116m (net basket x production)
Revenue by-products $13.2m
Net interest $5.2m
opp costs $62m
G&A $2.7m
Minus taxes/royalties gives you…….$45m (yep sheet says similar)
PE 5.5
This was with Rh at an average $13k
https://matthey.com/products-and-markets/pgms-and-circularity/pgm-management/
Use today's PGM prices with current prill splits the gross basket is $1398 net is $1035
Do the maths using the above expenses ignore the brokers or some media pump or journalists who also use stockopedia and think it's gospel (yeh $20m pe 12) and don’t be surprised next quarter, It’s not difficult to do but seeing people read last year's results and say Oh it's not too bad says you are not looking forward but back and you cannot do that in commodities or rely on broker estimates using $13k Rh or charts, its supply, and demand, wake up, you think SLP will buy back up here or support a 62p cash adjusted 4 pe? use your brains apply logic. See what happens after the next results when those who don't read this bb or have no idea see the low RH effect drop...... an opportunity then for a trade maybe but the RH price is key.
This also has $15m cap ex pa so if you also added this in there isn’t much cash flowing through this now. You will see next quarter.. So when the Q results drop just remember you were told weeks ago. Being told works both ways as I told you in 2019-20 this was worth 2-3x more. Impossible to be positive about future growth without decent RH prices, that relies on auto demand from ICE.
Mind the channel anyway It looks like it's very near the edge....
With share buy backs averaging 81p, we might see over 81p next week and there is 81p resistance, the dyor.
The RH pricing is still flatlining....
Bottomed out?
Https://www.investorschronicle.co.uk/ideas/2023/09/07/sylvania-is-overdue-a-re-rating/
GLA
Over the years, I have yet to see a year where upon publishing the full year trading results, the SP didn’t respond positively. It’s nearly always performed well in the days after the results are announced.
Last year was notable for lower revenue and lower earnings against the preceding year, yet the SP still responded positively (for approx a week).
Today earnings have come in at $45.3m which is down yet again on last year
– yet is circa 10% up on all the quarters added up for the year (my post way below of $41.8m).
Adjustments etc that can only be actioned at the year end maybe?
Although down as a total, maybe the result was better than the market hoped for, despite accepting lower revenue/earnings?
That, coupled with the upbeat report by the CEO for the future?
So this positive reaction by the SP at annual results time, may well go on to behave as it has always done (to date).
And that is, September has always been a bit ‘awkward’ in that the SP performs well for about a week then starts wandering for the remainder of the month, then comes back into line by the month’s end. A habit it has :)
I’m still expecting the floor round about here with October being my cut-off for expecting a lower SP, and there after a nice run, straight through to next year’s Jan/Feb. (but relative to Rh prices, either a modest nice run , or a very nice run depending on the price of Rh).
Jan/Feb past years of positive perfomances might be explained by platinum customers placing/budgeting their year-ahead platinum orders? – or so I’ve read.
The earnings forecast for this current year is for a v hefty reduction in earnings of only $28m ! Yikes!
The first quarter (that concludes this month) is published on October 30th. So we’ll see then, how better or worse the first Q1 is to following that road – or not :)
This is a play on RH prices it's the main driver ..........The average price of Rhodium (main contributor of profit) during that 12m reporting period using the monthly averages across 4 exchanges from JMT was $13.1k, the gross basket was $2k as reported today.
The average RH price since the start of the new financial year is $4.1k and has flatlined
There is no indication RH is in short supply EV penetration in china was 20%+
Any idea what the net profit currently is using 4.1k rh?
I think you need to do some maths.........wait for Q1, Q3/4 gave you an indication
You need a much higher & sustained RH price here.
Hopefully up from here, however divided is slightly decreased, Final was 8p last year, 5p this year.