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Sylvania Pl Share Chat (SLP)



Share Price: 10.75Bid: 10.50Ask: 11.00Change: 0.00 (0.00%)No Movement on Sylvania Pl
Spread: 0.50Spread as %: 4.76%Open: 10.75High: 10.75Low: 10.75Yesterday’s Close: 10.75


Share Discussion for Sylvania Pl


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GrouchoMarx2
Posts: 989
Off Topic
Opinion:No Opinion
Price:10.75
RE: buy or sell
Wed 19:24
That would be a nice entry. I'm not hopeful, given its undervaluation though.
 
the_naked_truth8
Posts: 273
Observation
Opinion:Weak Sell
Price:10.375
buy or sell
Tue 16:13
platinum going down again more than 1.3%.... if it'sgoing back to $890-$900 level will take SLP down to 9p!
Visitor
Posts: 193
Off Topic
Opinion:No Opinion
Price:11.50
RE: ...
8 Sep '17
The problem is of course also an opportunity. I bought heavily in at 7-9p and sold a bit of my holding at 13p. When it went back to the 8-9p level recently, I loaded up again and then some.

However the opportunity to take advantage of the "problem" is closing in my opinion. I have taken the opportunity to build a sizeable stake in SLP. At this basket price, if it is sustained, a dividend can't be far off now. Even without a dividend, at this basket price I see SLP getting back to 14-16p area when Q3 report released showing cash build up again. If (when) dividend is announced, it could make its way into the 20s (as long as its meaty enough - I like ragnar think 10% is easily sustainable and at this market cap, is only £3m from the cash pile). Instead of one 10%, I would of course also be happy with 2x 5% dividends or the like per year to spread it out a bit and smooth out the usual heavy buying and selling around only one dividend per year.

Over time when investors are confident the dividend isn't just a one-off, the SP would be capable of going through the 20s and beyond.

It is of course all dependant on the spot basket price. I'm bit wary of gold price reversing around $1,375 area and taking PGMs with them, but lets see. All good for now. Taking into account the Phoenix acquisition, SLP has cash of $8.7m. By Q1 18 this should be back to circa $14-17m. Even with Project Echo Capex, again unless there is an opportunistic acquisition, the Institutional Investors who have more clout than us will be clambering for a dividend.
Pharmajohn
Posts: 199
Off Topic
Opinion:No Opinion
Price:11.625
RE: ...
7 Sep '17
The problem is though until they actually do pay a dividend it's just going to remain a trader's share within its range, and you can do quite well, I was lucky enough to get in at 6.50 last year and sold just under 13, buy a month or so prior to results sell just before or after and repeat.
Thechukkers
Posts: 9,362
Off Topic
Opinion:No Opinion
Price:11.625
RE: Guys...
7 Sep '17
twitter has a feed for everything, depending whethere there is someone talking about it, perhaps you mean a group, not been looking myself, but you can start one yourself, generally not a lot of interest on twitter surrounding slp at this very moment at least
perroverde
Posts: 339
Off Topic
Opinion:No Opinion
Price:11.625
RE: Guys...
7 Sep '17
I'm a bit luddite when it comes to techy media stuff but is there a Twitter feed for SLP? It seemed to work well for VAST - that is until it became overdone and ended up having a negative effect (in my opinion anyway).
Might be interesting to try it?
Thechukkers
Posts: 9,362
Off Topic
Opinion:No Opinion
Price:11.625
...
7 Sep '17
these prices truly are madness if you read the last set of results

28% jump in revenues - from $39.5m in 2016 to $50.5m
EBITDA level rocketing 65% to $18.3m even as capital expenditures more than doubled to $4.67m

Profit after income tax leapt from $3.73m to $8.87m, for a 139% rise in earnings per share to 3.06 US cents from 1.28 in 2016.

Group cash costs also dipped, to $453 per ounce versus $470 per ounce in 2016.

In terms of the outlook, Sylvania said it was guiding for a "similar production performance" in the 2018 financial year and that with the roll-out of Project Echo it expected to maintain annual production at approximately 70,000 ounces "for many years going forward"
The group's cash balance increased by $8.6m to $15.3m as cash from operations jumped from $1.9m to $12.

so 18mil ebitda and 15mil in cash equates to 33mil market cap...in what planet ????
ragnarlothbrok
Posts: 144
Off Topic
Opinion:No Opinion
Price:11.625
RE: Guys...
7 Sep '17
Look at FXPO and EVR. Two companies that experienced severe price declines in their metals markets and were forced to reduce costs and cancel dividends to ensure their long term survival. Sound familiar?

When prices recovered in their markets (steel, coal, iron ore) their businesses were lean and mean enough to introduce a sustainable dividend policy, under which they plan to make payments throughout the cycle. Sure both had huge debt burdens and there are many differences but the themes are similar: their SP growth correlates directly with resuming cash returns to shareholders. FXPO has ten bagged it over the last year and EVR tripled.

Given SLP is debt free I can't see the same returns but I can see the market getting excited when the market realises this is a pure play PGM exposure that can pay a fat dividend for at least the next 10 years
perroverde
Posts: 339
Off Topic
Opinion:No Opinion
Price:11.50
RE: Ragnar...
6 Sep '17
Agree DTM. Value will out in the longer run. Hopefully anyway!
perroverde
Posts: 339
Off Topic
Opinion:No Opinion
Price:11.50
RE: Ragnar...
6 Sep '17
Thanks Ragnar appreciate the input. I'm an equity analyst by trade but no metals expert, I see the pt market hit by automotive sector demand slackening etc etc but underlying fundamentals otherwise appear ok. So I don't think the turd is really that. It's clearly been undervalued for a canny while.




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