Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
JonnyGee - SLP is AIM listed. You won't really be finding the stock available on the likes of Saxo, Charles Schwab, eToro, IBKR etc. You'll need to look at larger platforms operating within the UK that offer it.
Morning Velo, much obliged squire and how’s about that then!
Would you believe me if I told you it had crossed my mind to ask you to remove the somewhat erroneous / rogue year that was 2020 from your ‘Weird Science’ (meant in the most brilliant of ways :) ) computations?
Regardless, I’m with you as I had already removed it from my own top of head thoughts, feelings and calculations very early on in March / April last year.
Last year was utterly rogue. The dip to the 30s was erratic, misleading and manipulated (as well as horrible to watch), forced upon us as it were and in no way reflects the reality here :) Where we are now only serves to make me thankful for the balls of steel and confidence I was blessed with when it comes to SLP :)
Quick question to you guys - have been following SLP for a few weeks now and decided to buy some stock, but discovered I couldnt find any on the Saxo trading platform I use. Where do you guys trade it?
Thankyou Velo.
Interesting that the on-line article from 24th February only made it into Friday's (5th March) version of the magazine. Expect a further tick-up tomorrow IMO.
GLA
Would like to rescind my former outlook for March (based on historic-data seasonality price action alone, and nothing else) and now disown the computer's low confidence, poor and indifferent forecast for March.
As of this morning I'm of the opinion March is more likely to develop to Stoodio's posts of anticipated satisfaction, rather than the indifferent performing month, prior posts of mine had indicated.
I think the algo's have been unduly influenced by the performance of last year's (2020) month of March!
(As rather, it should be seen like all market crashes as what is essentially, a reset point rather than a guide point).
So dug into the data this Sunday morning and took out March of 2020 from the data and what a difference to the results.
Did the same by taking out the whole of 2020 for balance and added an earlier year just outside the data point, and much the same result held.
So, far from March performance being indifferent, it now shows that without the March 2020 data, to expect a not-unreasonable gain for March (but not in the territory of the big hitters of the Jan/Feb & July/Aug months).
So not expecting a poor performing March, but a month of things ticking along nicely. Which can't be said for June.
Coming off the fence for June which is too much for the algo's who refuse to show any confidence whatsoever. I am now adamant that June will more likely than not, no longer be the joker in the pack, but the worst performing month this year. A stinker month!
But whatever, being fully invested by the commencement of July is a must. Odds are too great for anything other than a stellar performance in July and August.
Summary:
March to May fit within the 'normal' positive performance parameters (outside of the big hitting winning months)
- with June holding the wooden spoon as likely to be the stinker month of the year, with that month going on to close lower, than it opens.
March good :) - - June bad :(
ST makes STRONG buy recommendation with compelling case on PE ratio and cash projections. A no brainer for people with brains?
DYOR and GLALTH
Who knows! When Buffett acknowledges he overpaid for a 2016 acquisition and is forced to write down $11B it says what we all know. This week (and last) there is the fear of rising interest rates making bonds less attractive. When bond-holders sell off, the price drops. When the price drops, the yield rises. This makes the risk-free rate rise as well. If the risk-free rate rises, the equity risk premium must also rise. That in turn forces the discount rates to be adjusted upwards. And that makes net present values of tech stocks in particular lower driving the share price down as people move away from anticipated future earnings potential to something more tangible and concrete. And that is where SLP comes in. With their fundamentals so strong (albeit lack of purchasing power admittedly), I see that the bond vigilantes only benefitting us. As to what the Pt or Rh price will do in 6 months time - God knows and he isn`t telling anybody soon :)
On SLP itself - lots of people on here know this stock (and industry) inside out and sure they will contribute much more than I can.
S
Sounds perfectly reasonable to me. Thanks.
"shorts"... I'm definitely not short here :)
Mark, while the "expert" reference I'm certain isn't aimed at me, I can tell you I'd be happy to eat my short if SLP is not north of £1.50 by June :)
Where do the expert posters on this site see SLP 6 mths from now and where do they think the Rhodium price is headed going forward? 30k next week? 40k next month?
https://www.tradingview.com/x/fmMpvklB/
and there it is
Chart is looking very bullish...nice bull flag on 4-hour chart
:)
Thanks AF&G
S
payable on 9th April
Taking FCFps and % growth rates of 15%, 10%, and 3% for next 5 years tailing off to 1% at a discount rate of 20% I see fair value @ 215p
A 20% discount rate even for SA is a bit aggressive. What do others think?
S
Is there confirmation of when payable?
S
" Ex div SP up. Had a funny feeling it wouldn't fall back :) "
-----------------------
:)
Yes, with increasing value of PGM baskets could be a quick recovery during XD period , but, but, -
- . . . but comparing to last autumn when in similar circumstances the true depth of the XD pullback wasn't felt for 4 or 5 trading days.
SOooo . . . have just come off setting a top-up computer buy limit-order for something for the weekend in SLP. Not expecting it to trigger as I always try and pull a fast one with limit orders, so will most likely buy manually. Not expecting maximum pullback for a day or so yet, so letting things unfold.
Bit miffed I'm topping up in the triple digits when I had all the time in the world approx halfway through your list of SP forecasts that were in double digits.
Think I was still waiting for some sort of dead cat bounce reaction across the indices after last year's March (sounds like a good excuse as any to blame, for my inaction).
Nope! But I can tell you my previous TP's over the past, shall we say "few" years!
Once-upon-a-time it was... ahem, 9p would you believe(!)... then 11p/24p/32p/ 47p/58p/73p/ and finally 96p! Shockingly, and much to my own disappointment it oneself, my last TP calculation of 96p was well over 12 months ago. Tut tut. Must try harder :)
Oh come on stoodio, please tell us what you’ve come up with!
Since start of the year the SLP 4E basket price is up about 45%.
Basket value breakdown now approx 1/1.2/5.2 for Pd/Pt/Rh
Rh bid price is up about 7% today (Baird).
Ex div SP up. Had a funny feeling it wouldn't fall back :)
But let's see, Velo's see-saw month could take shape, albeit I'm still expecting a month end finish 10p north of here :)
Iridium - one of the "bi-products" that SLP produce - hit a new all-time high of $5,000 / oz this morning (JMAT).
Not buying iridium rounds last year at $1,500 / oz is going to turn out to be an expensive mistake for me, but I just couldn't stomach the 50% buy-sell spread! Based on its unique catalytic properties, particularly in the production of green hydrogen, I predict a $10,000 / oz iridium price in a couple of years.
Rhodium also hit a new all-time high this morning at $29,200 / oz (JMAT).
It's worth keeping an eye on the Tharisa twitter feed. Here THS show the relative basket prices of the major PGM producers - with Tharisa (since they produce a high percentage of rhodium) the highest of them. I suppose they justify leaving out SLP as they are technically a recycler and produce less than 100K ounces per year, but SLP's basket price would be just a little higher than even Tharisa's.
https://twitter.com/tharisa_sa/status/1367353648230055943