Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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I thought Q3 earnings are today?
A special dividend of 1p, that's good. Great cash position, full year output guidance maintained. GLA
Pretty good results considering the basket price and the strike. And really refreshing to see the company return cash to shareholders by way of a special dividend. Good on you Sylvania!
Costs are increasing look at the margin on AISC in relation to the net basket, they are not making adequate reductions in costs. This will make no more than $8m net this year placing it on an EPS of 2.5p, it's trading on a PER of 28. It's not cheap and its got pumped up by inaccurate broker guidance of $33m and trading systems, I'd seriously have a think about waiting for this 1p, unless you trade the entire lot you're not going to gain anything here. Right how many run for the exit today?
Are you invested here bangrak? If you are, I hope you exit today and cease with the moaning.
When the SP was 50p you were insisting on waiting for it to go into the 40's but it never did and now it's reached 70p despite the poor basket price and AISC margin. I hope not too many people were put off investing because of your doom and gloom. This is a well run and managed company with positive cash generation and a pile of cash despite the current low basket price.. think of the opportunities and the potential share price when PGM's start rising again.
PGM prices have intact risen along with rhodium in the past 6 weeks or so.
These results included the February indu
These results included the February industrial action also remember.
If you not invested why are you losing your time on this board? You life must be a disaster :) Get a holiday :) or find a hobby :)
you are complaining and moaning since it was 50p and now is over 70p , you could make a 40% gain really easy but it seems you lost the train ; stock market does not wait for you!!
Agreed
I really do not understand the negativity here when SLP in a depressed market still manage to turn out 13% net profit margin. In tech, that would be the EBITDA target in certain sectors!
I will happily take the £500 divi and reinvest the lot here, for the long term.
Well-managed stock with trustworthy Directors are like rocking-horse sh*** in my experience and this factor gets completely ignored.
Ignore the naysayers, trust Jaco and Team and think long term is my suggestion.
But each to their own.
Thank You again SLP - you continue to impress!
Posters criticising Bangrak should do themselves a favour and look back at his posts from the past few years on here. He has consistently called the share movement correctly and has supported all his views with solid analysis whereas most everyone else thinks the price will go up simply because it was higher a while back and Simon Thompson says it will.
Following his logic has made me and saved me significant returns and we should be grateful he continues to post here even if he is out of the share right now.
I exited all my holding at 70p this past week. It doesn’t mean I don’t believe in Jaco or the long term future of the company or the likelihood that pgm are likely to rise . It is only that I think the chances of me being able to buy back in at 55p are infinitely higher than they are of selling out at 85p in the next few months.
Thanks Bangrak for your extremely gratefully received posts here.
This went Ex-divi today didn't it - but an unexpected slight rise nonetheless?
Ps that is a general comment, not a response to the post below!
You're welcome Anderson,
Last year i posted this report and very few read it, it highlighted a serious oversupply of RH due to glass manufacturers selling back RH ........... different this year but not wow, very clear message in this report.
https://matthey.com/documents/161599/509428/PGM-Market-Report-24.pdf/4d557d3b-47d1-d975-c4af-5df1c81000f0?t=1715228936090
Bangrak I also owe thanks to you by following your advice and selling my substantial holding in Sylvania Platinum my losses have been limited. It told me a great deal that the company and its broker were not interested in purchasing shares in the recent buy back once the share price was over sixty pence a share. If they were not prepared to pay sixty pence a share it made me realise that to sell my holding at over seventy pence a share as I recently did was a good deal for me.