We would love to hear your thoughts about our site and services, please take our survey 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.
So someone rains on the parade. And?
Seriously, so what? If that manages to convince people to part with their share in a fantastic business, then the opportunity we should welcome is to say thank you and purchase what they are so willing to part with.
People buy and sell for all sorts of reasons. I was never too bothered finding out why. But when the sell sentiment overweighs and they part with one of the best propositions I know, then the only thing I regret is that I never know who these anonymous entities are so I can express my gratitude.
So, everyone. please do sell your stakes in this company. You will have a grateful buyer waiting for your unwanted shares.
Yes, mra1984 - I've been reading similar too.
I call it the unused to success syndrome.
Something not exclusive to others but ourselves too. Take myself for example.
I made a complete and utter mess of topping-up last summer/autumn and achieved NIL top-up's from September up to currently. So maybe after my posts below, March might be the perfect month for me to place smaller top-up's to try and break the duck as placing too high a top-up can induce such anxiety?
My inability to achieve top-up's and those reports by the writers you highlight is the same disease I reckon. Too much prior failure induces recency bias so leaves us unprepared for when success and opportunity comes knocking.
If they have influence as you claim, then like another poster further below - then bring it on :) I need those top-up's before the SP travels any higher.
Supplement for the spring/summer:
March to June is showing as low confidence in accuracy varying from 50% confidence to 75% confidence. (Jan/Feb & July/Aug were all 100% confidence in target acquired) and are also currently showing 100% confidence for this summer's July & Aug.
(Could tell you what they chattering about for the big gains in July/Aug but don't want to embarrass them as they cheat right up to the last minute AND during the month in question. They just never stop.
Also from time to time, they do the computer equivalent of saying:
We can't get it up tonight, sorry - and so are showing 0% confidence for June, so will have to look into that, and what's upsetting them for June this year.
So March is showing as quite a flat month with the following months up to June with reasonable small gains (you can only have best performing months of the year if by definition, the others are 'ordinary/pedestrian/averagey') but as low as their confidence is, they still show gains for each month; just not enough to knock your socks off that's all.
June I'm labelling as the Joker in the pack - as it could literally be anything - according to the computer, who are refusing to be drawn on the matter.
Cue droll voice: The computer says no.
there is some annoying people out there starting to put a downer on SLP which is frustrating as if we are going into a 3year min period of insanely strong Rh prices then SLP should be beasting it!!
(1) These twits from conker's corner - they keep tweeting out this rubbish without even fact checking, listening to there podcast where they think SLP is risky just because the share price has gone up a lot and then start talking about platinum a lot...ok weird, no knowledge or mention of Rh and Rh market deficit
(2) Jack Brumby from Stockopedia keeps spouting on how everyone knows about SLP so it must be no good because everyone is in it apparently, what?!
(3) Steven English - guy from Stellar Asset Management who knows diddly f all about mining saying costs will go up on mello when SLP themselves have them going down on a two year outlook
I'm sure SLP will be fine but it's annoying as these twerps as massively influential and spouting this stuff all online, particular the conkers corners guys are the worst. They go on and on about share ramping if the share isn't theirs but then shares they own like Duke say, they tweet all day about but that is ok but that hasn't risen a lot yet. Like they are not successful investors it seems at all... they both totally ignore momentum and market dynamics.
Just tidying up to close the chapter on historic seasonal averages in SLP which as a holder have been most pleasing, to say the least.
I held back in posts from before Jan 2021 of stating a definitive expectation for the high returns periods of Jan& Feb to give the algo's time to calculate from the very latest starting point, but on Jan 1st (market still closed) I posted somewhat generically the following:
-----------------------
" Jan/Feb '21 historically over the last 5 years (the annual second best performing period) is showing a couple of single % points just short of a 30% increase across the 2 months alone.
(Nearly 12% for Jan) suggesting Jan closes in the v high 90's
- with Feb showing a near 15% increase confirming the SP at long last being seen in triple figures ".
-----------------------
JAN:
On the first trading day of 2021 (Jan 4th) the SP closed on 89p so I used that. And never felt the need to adjust the high 90's suggestion in probabilities by the pre-Jan 4th historic data.
January closed on 102p - so an actual gain of 14.6% gain for January, so halfway there for the 2 month cumulative forecast as shown by the historic data. So far so good. On to February -
FEB:
On the first trading day of February (2nd of Feb) the SP closed on 107p and went on to close the month on Friday at 120.50p a gain of 12.6%
So a cumulative gain across the 2 months of 27.2% (or statistically speaking a true 35.4% gain from start to finish) but I'm not doing it like that. I'm tracking the historical seasonal data that is done "month by month" same as the computers
- so I'm presenting 27% gain as the two individual months.
Now refer to the Jan 1st post whereby the same method threw up circa 30%. Clearly that gain sits between the two, but don't care; I'm well happy with the final result - from a 30% gain suggestion at the outset to an actual 27% gain in separate months.
-
However, what did the algo's end the period saying as likely? They don't know all trading for Feb has ceased so are still fighting it out
(Well they're right cheats, they adjust every single day right up to the last day. In human terms we call that cheating :) :) :)
Anyway by Friday's close the algo's were expecting 16.3% gain for January and 19.4% for February. Their final answer. (Or is that their forecast for 2022?)
So by the very last day actual reality shafted the computer technology in February did it not? And also a little for January too :) What you were expecting perfection? LOL! :) :)
A similar thing happened in July/August when actual reality beat the computer forecasts by a massive margin. Which was damn good to start with anyway, but reality was even better.
Any way, well done to the computer technology and well done to Stoodio - for keeping up the side for the humans! As a 120/125 close to February Is pretty much in the same box IMO. All-in-all ? Well pleased, as in - Kerching! £££ LOL!
Well would you believe! Not too shabby all the same :)
Stoodio
I have 120.5.-. Regardless, it was a rather good call and legitimately in range since it even topped that intraday.
How accurate are your bets?
Best (and enjoy the glory)
Since start of the year the SLP 4E basket price is up about 37% - highest it has ever been.
Basket value breakdown now approx 1/1.3/4.8 for Pd/Pt/Rh
Amazingly the Rh bid price is up significantly again today.
London stock exchange has the closing price at £1.2456. Anyone got an alternative close price?
If it is the above, then I’m sorry for misleading everyone and being a half penny out ;)
Whatever the 'conflicting views', taking a look at the fundamentals one sees exemplary ratios and returns. 30%+ ROE, negative debt, huge cashflows, a ridiculously low P/E and a PEG of 0.065 TTM and 0.2 forward. If this doesn't scream value, what then please does?
In the bigger picture there is a strong demand for Rhodium going forward for the next few years, Platinum demand is expected to grow due to the rollout of hydrogen cells (amongst others). Let's not forget about Palladium which is frequently used in organic chemistry due to high functional group tolerance.
And someone is covering their backs? Seriously?
Right now the case is so strong that I am treating SLP like a high interest savings account. Looking forward to the dips. Thank you Mr Market, I sincerely hope you panic more often.
They mentioned special divident last year as a one off and that's the one. Going forward there is currently no promise of another special divident (which doesn't mean there won't be one).
Check out the Cobalt graph... ?? $52K/tonne
https://www.bnnbloomberg.ca/commodities/video/conditions-may-be-ripe-for-a-precious-metals-super-cycle-commodity-strategist~2148255
More comments re cyclical overshoot in commodity prices. It sounds like the analysts are trying to cover their arses by holding divergent views at the same time.
http://www.platinum.matthey.com/services/market-research/pgm-market-report#
old news but should help the share price
https://leaderpost.com/pmn/business-pmn/russias-nornickel-partially-suspends-operations-at-two-mines-due-to-water-inflow
In regards to windfall profits special dividend is this quarterly or once a year?
Intermediate term bullish alert from ii today for SLP. Ascending continuation chart pattern - target 143-147p. Their last alert was spot on.
If you plot the SP of SLP and THS over the last year they are almost in 'lockstep'
Hi Toptiger!
I think the "SLP:THS ratio" should be somewhere between 1:1.5 and 1:2, based on fundamentals.
It's crazy that SLP's mcap briefly overtook THS's mcap this morning. Don't get me wrong: SLP is still cheap, and a wonderfully well-run and highly profitable company. But THS is simply bigger, and it has a much longer mine life, and excellent growth opportunities. Somehow or other, THS just gets overlooked. Don't underestimate the role that Simon Thompson has played in getting the word out about SLP.
Congratulations, Tomahawk!
I'm looking forward to my jab when the time comes. I only hope there'll be a few pubs left in which to raise a glass when all this is over!
one of the problems with ths, and i have and love both however i do prefer slp as it was my first :-), is that bthere are tons of video tips and writeups on slp, which is good and correct, but you would at least give an honourable mention to ths in the same breath, surely ?
i mean if your voting and discussing aaron rodgers for MVP, you always talk about patrick mahomes dont you ?
799,
from my mid summer observations, ths was always around 25-30% higher on average than slp, so ths should currently be minimum 170p
toptiger
The thought of SLP sp over-taking THS feels so wrong! Invested in both but significantly more in THS which has to be close to accelerating away some time soon.
Hee! Yes, so it is Stoodio :)
127 - Where no man has gone before and all that LOL!
Was contemplating a post earlier to tbtt below, asking why not a single poster on THS yesterday, mentioned in it was XD day because there were numerous laments of: Why isn't the SP rising because of this that and t'other, as we should be much higher etc.,
- and noticed the price above was showing 125 so cancelled it thinking:
No, on such an historic occasion first honours with a 125 label attached to the left of their post should go to Stoodio, so left it :)
But your post is still the first in new territory anyway :)