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Sylvania Pl Share Chat (SLP)



Share Price: 6.875Bid: 6.50Ask: 7.25Change: 0.125 (+1.85%)Riser - Sylvania Pl
Spread: 0.75Spread as %: 11.54%Open: 6.75High: 6.875Low: 6.75Yesterday’s Close: 6.75


Share Discussion for Sylvania Pl


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Troajan
Posts: 18,442
Off Topic
Opinion:No Opinion
Price:8.00
sylvania
4 Feb '16
some chunky buying atm
 
crakinshot
Posts: 812
Off Topic
Opinion:No Opinion
Price:9.88
.
7 Oct '15
Glencore has closed its Eland mine. Taking 140,000 oz/y platinum off the market.

Also, I can't be the only one thinking the solution to the car scandal is to install more and/or make bigger catalytic converters to extract the NOx? PCM is pretty low, that this must surly be an appealing solution.

Regardless, the new Euro-6 engines are unaffected anyway, only the Euro-5 engines are the problem. So quite honestly, its seems predictions of diesel engines demise are over exaggerated given diesel is still 40% more efficient than petrol.
EXJVE
Posts: 75
Off Topic
Opinion:No Opinion
Price:9.88
Notice of AGM
6 Oct '15
evening folks.
did anyone find the time to read the notice of AGM on the SLP-website ? (http://www.sylvaniaplatinum.com/im/press/2015/AGM%20Notice%20Final.pdf)

I think you should.

Main points for which they seek approval from the shareholders:

1st point) Amendment to Bye-Laws – Shareholder Protection Provisions
- I think all the provisions they want to add, would bring us close to the type of shareholder protection you get at AIM (with the City Code). It all sounds good, very good and is in line with their continuous 'increasing shareholder value' statements... which, BTW, I tend to believe they do mean (but I might gotten fooled... so: personal impression).
It does read though as if the board is aware of somebody building up a major holding and might try to control to company.
With the recent acquisitions by Sibanye. First Rustenburg from Amplats, now Aquarius (pending approval of course) they are getting in our line of sight I think.
Thinking out loud... what would Sibanye prevent from trying to build up a controlling interest (under the radar since with Bermudan law they are not obliged to report everything to the market), then force a vote that 'favours' Sylvania's 'decision' to sell their stake in Everest North for peanuts to Sibanye? (all theory, of course)

2n point) Reduction of Share Capital
They seek approval to reduce the par value of the shares from US$0.10 to US$0.01 while reducing the authorised share capital US$100,000,000 to US$10,000,000.
- could be seen a pure 'technical' something (after all it does NOT change/reduce each of our percentage holdings. If you own 0.1% today, you'll still own 0.1% after the exercise).
- they say it would facilitate future share issues (fund raising). Assume the SP drops below +/- 6.5GBp (~0.10US$) then they will (with the current par value) not be able to issue shares (below 0.1$ / 6.5GBp) and be blocked to increase working capital.
- It doesn't say they WILL issue shares. They want to leave the door open for it (and anyhow, they would need shareholder approval to do, I believe). So, if any share issue is planned, its probably not for tomorrow...
- what it could mean is that, given the current market situation (very unstable for PGM's) and if they are today thinking about future investments, they already want to clear the path a bit.
- building further on the Sibanye line of thoughts... could it be they were savvy of the takeover of AQP... and are considering to bid for AQP's part in Everest North ?
tomposh101
Posts: 94
Off Topic
Opinion:No Opinion
Price:10.00
Oooh that hurt!
17 Aug '15
Not so much since I reduced my stake (sold another 25k last week) plus a few other odds and sods increasing my stake in boring FTSE 100 players paying dividends. I'm growing tired of AIM never made a penny (now evens on this share) in three/four years of trying :D

I can see this retracing down, still a long term hold/hedge and so long as the real economy is holding up I'll be fine.
MRPoisson
Posts: 2,010
Off Topic
Opinion:No Opinion
Price:10.00
RE: Chart
17 Aug '15
Looks like it's down then... hardly any volume either. More patience needed.........
bonker99
Posts: 21,483
Off Topic
Opinion:No Opinion
Price:11.13
Chart
29 Jul '15
says it's on the cusp of either a c4-5p move up/down from here peeps ...
the_shareminator
Posts: 9,596
Off Topic
Opinion:No Opinion
Price:11.25
tomposh101
29 Jul '15
Nice call I think, although results aren't bad the price of platinum has deteriorated and likely to get worse before demand picks up atb
MRPoisson
Posts: 2,010
Off Topic
Opinion:Hold
Price:10.88
SP
29 Jul '15
Incredible how the MM's move the share on no volume.

Decent set of results considering the POP and resulting net basket price.

Anymore price drops will presenting a further buying opportunity.




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