Sylvania Pl Share Chat (SLP)

Charts show that the price is in the "handle " of the cup and handle pattern. The 50 day EMA is closing in on the 200 day EMA, known as the golden cross, we're not quite there yet, but shouldnt be too much longer. Once we get that signal, I'll expect the price to move far more strongly upwards. The price has been going up in the last month, but I think the golden cross is the when the wind will truly be blowing behind us, and not in front. Next week's ex dividend could see the impetus to do just that. As for microchip shortages, I've read in some reports it could end in 2023. However, it doesnt have to end for the Rho to go up, as long as it has peaked(last month) and is easing going forward than than that should drive the RHo price upward. However, even it it doesnt, as long as Rho prices stay as they are, and dont fall, SLP is still hugely profitable . As huge cash flows fills SLP coffers, that will support and increase SLP share price over time.

12.56 post @Odysseus07 :)

@cautionyourblast
Thanks, I'll be sure to read that report (although as you reference, it could probably do with an update).

Wise words indeed regarding the bigger picture here.

@Velo
Thanks for this, very insightful. I've only been holding for a year or so and I didn't realise the Rh price had come so far in recent history.
Very interesting that before there was a sniff of Covid, on 1st Dec 2019, the price was sat at 6k and here we are in the midst of a global chip shortage with the price at ~14k.
A lot of people are talking about a 'recovery' in the price but at current levels, in context, it makes you wonder how much further there will be to go.
I certainly won't be anchoring to 30k as you mention!

If the shortage is resolved in H2 2022 then that would cover the entirety of FY 2022 for SLP. Then again there are obviously wildly varying opinions on how long this thing will last. It does bring the current Rh price into focus though - ie we've had two (and a bit) quarters of the situation now and the Rh price is pretty much at the same level as this time last year...

I have been adding in the dips, got some more today at 106.7p I think is still very good value… we shall see

Still at little early but it looks like we are basing at new support after 10 up days out of the last 12 trading days. There does appear to be lot of demand as intraday drops are quickly bought up by new sellers. Ex dividend is next week, so I'm still expecting a lttle more gas to the rally yet. Eitherway, a new base is good, and its sets up the conditions for the next leg up, so perfectly normal after a strong move upwards to consolidate for a short period. Typically a good place to buy imo. Rho price holding strong, appears on verge of breakout. SLP is more like an upward elevator rather than a trampoline, that goes up then down the next day.

Early mornin' dip on Q. £1.10 finish again?

Perhaps not today. But affirmative end of week ;)

...by Jaco and Lewane is now available on the investormeetcompany.com site.

Q1s next week, hopefully...

£1.12's / £1.13's being paid here today.

Perfectly on course for £1.40+ December 31st.

Ramp ramp ramp.

Showing serious metal here :)
LFG.

@ic152

I'm glad you managed to get on top of the situation.

ic,

ignore the EV mkt for uk, its pretty insignificant, in terms of our products its the rest of the world that matters, and without a huge network pgms will be in play, for at least the next 7-10 years, as will oil, currently EV stuff is more of a token gesture, it will flatten out fairly soon now they have done the easy stuff.

buy anything the greens oppose, assuming its in fixed supply, and i think you will do very well

oil, pgms, copper, etc (particularly oil.....)

lithium has already had a huge surge over last year

Dear Chatmandu,
What a thoughtful post and truly appreciated. I did reduce my holding (think it was at 98p) by half and bought back at 86, which was a bit risky in some respects but luckily it worked and I am now in blue numbers. I based my reduction partly on the advice of you, and others, on this board and it was absolutely the right thing to do. I now monitor prices and potential sells on a spreadsheet. I have sell parameters in place for any drops, to protect my finances now, good advice again.
I will start to top slice in increments at £1. 18 onwards, should we get there. Ideally, I would let the whole investment ride for a year but the volatility is still there for me and I have a family house to buy.

I would be interested in views on the switch to electric, considering 15% of cars sold in the UK last month were fully electric? Faster than I anticipated but under unusual circumstances. Economies of scale will start to come in to play, although I am clueless on whether this will mean a sharp rise in Lithium pricing.

Thanks again for the advice!

It's certainly nice to have my SLP profits back above £20k.

Tiger, both :)

Chat, I alluded to the past month and nothing prior. Therefore...

would a 30% rise within the past month be classified as 'explosive'
_________

Do you make or lose money if a share loses 40% of its value and then gains 30%? I'm not sure I'd describer that performance as 'explosive' - unless we're talking in terms of limpet mines and torpedoes.

or just learn movements and trade better eggscotch, you know you have a good one when its stress free and plenty in profit

No, not explosive stoodio

getting to £2 would be explosive :-)

or are you talking about your VPN again ?

Plenty of upside to come, you should be be seeing profit before too long. I bought in at 85 and 95p, so its looking good for me. This has been my least stressful share.

I like the look of the charts now. The pullback was barely noticeable. Price momentum is building. Another +$20 million in the bank come December. I want to see how the price moves this week to confirm if we are to base at this higher level or if this current swing has more upside. Either way, the price elevator is moving upwards. Only a matter of time. Also, still another 9 days till ex dividend. That should add more momentum in the next week and a half.

Question for all: would a 30% rise within the past month be classified as 'explosive'?

Asking for a friend...

Ah no, it's fine. I was just being light hearted. I'm quite new to the boards but held different shares for years. I'm used to the bumps. Thanks for you concern though, Chat

I'd respectfully suggest that holding a share shouldn't be stressful. Perhaps reduce your exposure to SLP / increase your diversification if you're finding potential losses to be stress inducing?

Phew!! That was a stressful few weeks for my account, ha ha

First quarter result was end of October last year. Hopefully next week we find out the important details on basket prices and a February dividend which could boost the SP further.