Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video 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.
All looks well set for the future . very safe and super div , added yesterday
They've now bought back 1,288,000 shares and have spent approx. $901,837, so approx $2.1m left if they use the full $3m.
They were paying 51p per share when they started. Yesterday they paid 59.26p per share.
Platinum and palladium starting to go up again following gold and silver prices.
Yes, it looks to be creeping back
Rhodium and platinum prices are also rising steadily, if sp goes down i will just buy some more.
Of the maximum $3m allocated for the buyback, they've currently used approx $647,000 buying 930,000 shares.
They've been spending an average of $92,000 per day.
There are 27 trading days left until the 30th April (when the buyback ends), and $2,353,000 left in the pot. Averages around $87,000 per day - so pretty much seems like the buyback running at the same rate as currently if they do use the full $3m.
Averaged $4,200-$4,300 over the prior 6 months.
$1072/ounce !! Rising nicely
Expect this to continue.
1/ spot pricing will rise further, ignore short term volatility.
2/ Impact of gold and silver rising, will translate in general to most other miners, to some degree irrespective of their basket.
I believe slp are well placed to rise further.
Palladium price is still going up but platinum price is flying, with the share buy backs we will see 65p soon and 70p by friday.
The increases at the moment are being driven by the share buy backs, offsetting sells. The problem is, once the buyback is completed (was it £3m in total?) I fear the price may drop back again.
After that long duration downtrend......the outlook,looks like a trend reversal..imo...especially when the fed start dropping rates,pushing the dollar lower
Give the rise in PGM prices and the company hoovering up a large % of the shares being offered to buy, this rally will hopefully have some legs.
I agree when you look at the absurd valuations in most other markets especially Tech .. a company with this much cash and what seems like a turn in the commodity after a bear market .. is worth looking further into.. Gold is tearing higher and not long before the other PMs start to follow..
Reality is knocking on the doors...
Platinum is over 900 and the momentum is building, we should see over 60p this week, mind you NAV is 58p with no debt and share buy backs is continuing.
Yes, looks like things are starting to recover nicely.
That's huge.
Platinum up strongly also.
SLP's basket price is set to rise in the second half and looking at the reasons behind the recent commodity price movements could run faster than forecasts, which for speculators happy with the £80m cash in the bank, values the annual cashflow of circa $20m with ongoing dividend yield of 8% at just £60m.
On the point of buybacks at the current share price, this is arguably the most the best route to retaining value assuming the cash and liquid assets are maintained at around $100m and margins having bottomed now begin to improve. If you believe the price is heading to 40p then you will hold a different view, however I'm of the opinion precious metal producers are due a rebound.
This buyback is a waste of time in my opinion also, I really don't see the point right now with all the uncertainty. I had previously sold all my holding until things have settled down once more but I just can't see it yet.
Edison 26/2/24 expects $19.1m or $16.7m in H2....down here SLP cannot generate much more than $18m a year, they should have done $8-9m in H1 according to my numbers but that didn't happen so I'm wondering where the profit is going. A mining business producing a product that isn't very fashionable now with a reasonable amount of cash IMO would trade on a low PE sub 5 cash adjusted 2-3 is reasonable and that is 43-49p. If the broker wastes the $3m on buybacks above 50p and pushes up the price then it is wasted cash once more. Use the month to defend and add stability to the bottom creating a solid POC, if prices rise then add another $3m.
**22/2/24** Page 3 broker financial model........net income 2024 $33.1m.
H1 2024 is over with $3m done & the broker still thinks $30m in H2 is possible & IC/ST is sharing this target in a paid-for article. Fluff or reality you decide what you read.
Most of published 'research' does not qualify as independent.
Maybe the BOD could explain as to why these services are necessary?
Not that I don't think that the company is well run. Au contraire!. But is this distraction (and expense) necessary?
The basket price is pretty much at the bottom, there's only one way to go from here. Happy that they retained a dividend and comforted by the cash pile.
A target price of 96 pence given the current basket price is delusional. This share starts to look like fair value in the low 40s.