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Uh Huh.
Price has broken out of a downtrend line since Friday. Now is the another chance to buy at a good risk/reward level. The previous chance was at support levels 85p, where price bounced off this support level twice, but that price is likely now history. The breakout offers a second chance to get in for the 150p+ ride. I just added some more shares at this price. With Rhodium prices haveing bottommed last month- it will be confirmed once we breakout of 14500 price resistance levels, and this will confirm a trend change, higher low and higher highs, and microchip shortage peaking last month, there seems to be only one way this share can go. ..up. All imo, DYOR.
I'm expecting this to be multibagger no 7 in the last 12 months.
It actually says to satisfy tax liabilities on the bonus shares. BMN directors in SA did this recently also.
Oddsseus, for a £260m market cap company, a 130k sale is a drop in the ocean. Directors are typically on 100k+ salary, so there could be many reason to sell a small portion of ones shares, e.g pay for a holiday, new car, house purchase, 4 hands massage... If the director was insider trading, I would think he/she would be selling a much bigger portion than just 130k.
Yes metal prices will rise next year, and it looks like the bottom occured last month.
IN 5 to 10 years, there is a theory that PGM will redundant. If you believe that than buy now for a 3 bagger in the next year or two, and sell well before year 5? Whats the problem? You dont have to hold for 5 years if you dont want to.
Sylvania (AIM: SLP) today announces that certain Directors, senior management and employees have exercised a total of 2,385,000 deferred share awards ("Bonus Shares") granted to them in August 2018 under the Sylvania Platinum Limited Bonus Share Award Plan, which have now vested. The exercise of the Bonus Shares was satisfied by shares currently held in Treasury.
1,066,850 of the Bonus Shares were immediately repurchased by the Company at the vesting price of 97.0 pence, in order to satisfy the tax liabilities of the PDMRs and employees. The repurchased shares are currently being held in Treasury.
unquote
The order books for new cars have hit all time highs which means at some stage now the orders for PGMs will also be at record levels once the new FABS start their mass production of chips. Car production has restarted and in a just-in-time industry they will be running low on the 'metals' they need quite soon so demand will increase, a bit like Gas and Petrol.
The last quarter results need to be read very carefully for you to see why the SP dropped and fear set in, the price of PGMs reached amazing levels the quarter before and there were also production problems which should be resolved but they still made a healthy profit. The cost of production is 1/8th of the price of PGM's so you can see how little it actually affects the profit margin unless it falls dramatically, as it did temporarily. The PGM basket price is still higher than a year ago.
People also fear EVs but thats like oil investors fearing Steel Cell energy or Gas investors fearing Electricity others fear that there's only 10 years worth of PGMs left in the ground. The most ridiculous fear are that all the money they have £106m cash is not being spent.
The next quarter results should at the very least calm the SP which at the moment offers a nice dividend at the same time the results are announced in several weeks.
Hi all. Im considering buying some sylvaniam platinum shares. But questions. 1. Why did one of the directors sell £130k worth when dividend so near - he sold on sept 30th at 97p. 2. Will metal prices rise next year - based on what? Covid recovery 3. long term wont demand fall as electric cars get more and more popular without catalytic converters?
Thanks for opinions people
I am adding
In Dollar terms Palladium up 6.56% on the week and Platinum up 5.42%
Oh believe me, I won't be selling until we're well over £2 Nut :)
I dont want to sell too early .. always when I sell and the sp gos up! ... but as long as i dont make a lost I am happy!
First time in a while I’ve been able to get a live quote on selling 100k blocks of stock :)
Somebody’s hungry for these :)
Well it has made me happy his October ??
Was there some schmuck on here not so long back calling an explosive October / November?
DOMS from the July/ August that never arrived :)
I think we can safely say goodbye to the 80s sp …. Onwards you wee beautiful share!
Nobody does it better
Makes me feel sad for the rest
Nobody does it half as good as you
Baby, you're the best
:)
I agree. I use screens to sieve out the chaff. Those remaining I can spend time on proper research. SLP originally bought at 38p.
I agree with toptiger. Make sure you know your companies inside and out and can assess the business you're buying properly.
If it's a business you'd be happy to own for a long time and you can roughly value it then you have a framework for ownership and/or the value in the short term.
totally agree with chat on stock screening, the ones i use have some very interesting financials, of which all screening results are based
there isnt any other way of looking at new stocks, just too many across mkts, but they are only indications of good stocks, then drill into the balance sheet
i'm still a firm favourite of knowing and investing in 5-10 stocks that you know extremely well, adding a few more as we go and maybe dropping few if things change
my worst investments have always been gut feel, loosely skimmed whims
I love this share, go SLP
Strong sp … up she gos
Didn’t THS have positive news regarding commissioning their fine chrome plant ? That would explain their extra up lift
Not sure why THS suddenly jumped 20% and SLP haven't but the improving PGM prices this week must be helping. Rhodium has jumped $900/oz in two days to $14,300. Palladium was up 6% earlier I think.
At current prices SLP (91) vs THS (120) is anyone invested in both looking at reducing over there to buy more here? Or the opposite?
No worries Chatmandu.
I used to never look at the financials too closely. These days, I cant help but go through the balance sheet with a fine tooth comb. It was all gobbledygook before, but after some study it all started to make sense. The effort to learn how to read balance sheets is an invaluable skill in trading imo.
Charts, fundamentals, and risk management, are a potent combination. I woudnt skip on anyone these days
True, its good check the data against another source, and I verify the screening data against google finance's data if I have any doubts about the accuracy of the data. Somtimes I even read through the finanical reports! That used to bore me to tears once upon a time. Now I enjoy it. lol
PGM’s. Excuse my typo
@marineclark
A word of caution regarding stock screening. I used to use one on telegraph.co.uk that was provided by AJ Bell. A company that came up in my screens wasn't familiar and I discovered that it had gone private some years before. It turned out the feed was completely broken and hadn't been updated for a *very* long time. It took a lot of back and forth with AJ Bell for them to even understand the issue. Once the penny dropped, they pulled the screener entirely.
Make sure you double check any data to make sure it's correct.