George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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82p to buy, will it hold or drop back ???
And to prove how these things fail the Turing test, have a look at the top few posts on the NCYT board:
https://www.lse.co.uk/ShareChat.html?ShareTicker=NCYT&share=Novacyt
There are multiple other 'signals' in the posts over the weekend that I won't highlight as it seems to be learning already.
Hello, HAL. Do you read me, HAL?
It's a spam bot that is scraping text from previous posts and reworking them with a few subtle differences based on using different words with a similar meaning. It's spammed quite a few different boards this weekend, user name always follows the same format, and a new account just opened. The worry for LSE admin may be if this is also getting round their sign up protocols, or is there human involvement?
Two more plonkers for the green bin
Posts I'm referring to below should eventually be deleted . A fraudster using dual identities.
Clearly a pss-take on my previous posts.
Whoever the joker is, they're too cowardly to post under their own ID so created a brand new ID.
Gross basket $2086 net basket $1534 (25% smelter costs cont liability etc)
Production 75,469
4e revenue was $116m (net basket x production)
Revenue by-products $13.2m
Net interest $5.2m
opp costs $62m
G&A $2.7m
Minus taxes/royalties gives you…….$45m (yep sheet says similar)
PE 5.5
This was with Rh at an average $13k
https://matthey.com/products-and-markets/pgms-and-circularity/pgm-management/
Use today's PGM prices with current prill splits the gross basket is $1398 net is $1035
Do the maths using the above expenses ignore the brokers or some media pump or journalists who also use stockopedia and think it's gospel (yeh $20m pe 12) and don’t be surprised next quarter, It’s not difficult to do but seeing people read last year's results and say Oh it's not too bad says you are not looking forward but back and you cannot do that in commodities or rely on broker estimates using $13k Rh or charts, its supply, and demand, wake up, you think SLP will buy back up here or support a 62p cash adjusted 4 pe? use your brains apply logic. See what happens after the next results when those who don't read this bb or have no idea see the low RH effect drop...... an opportunity then for a trade maybe but the RH price is key.
This also has $15m cap ex pa so if you also added this in there isn’t much cash flowing through this now. You will see next quarter.. So when the Q results drop just remember you were told weeks ago. Being told works both ways as I told you in 2019-20 this was worth 2-3x more. Impossible to be positive about future growth without decent RH prices, that relies on auto demand from ICE.
Mind the channel anyway It looks like it's very near the edge....
With share buy backs averaging 81p, we might see over 81p next week and there is 81p resistance, the dyor.
The RH pricing is still flatlining....
Bottomed out?
Https://www.investorschronicle.co.uk/ideas/2023/09/07/sylvania-is-overdue-a-re-rating/
GLA
Over the years, I have yet to see a year where upon publishing the full year trading results, the SP didn’t respond positively. It’s nearly always performed well in the days after the results are announced.
Last year was notable for lower revenue and lower earnings against the preceding year, yet the SP still responded positively (for approx a week).
Today earnings have come in at $45.3m which is down yet again on last year
– yet is circa 10% up on all the quarters added up for the year (my post way below of $41.8m).
Adjustments etc that can only be actioned at the year end maybe?
Although down as a total, maybe the result was better than the market hoped for, despite accepting lower revenue/earnings?
That, coupled with the upbeat report by the CEO for the future?
So this positive reaction by the SP at annual results time, may well go on to behave as it has always done (to date).
And that is, September has always been a bit ‘awkward’ in that the SP performs well for about a week then starts wandering for the remainder of the month, then comes back into line by the month’s end. A habit it has :)
I’m still expecting the floor round about here with October being my cut-off for expecting a lower SP, and there after a nice run, straight through to next year’s Jan/Feb. (but relative to Rh prices, either a modest nice run , or a very nice run depending on the price of Rh).
Jan/Feb past years of positive perfomances might be explained by platinum customers placing/budgeting their year-ahead platinum orders? – or so I’ve read.
The earnings forecast for this current year is for a v hefty reduction in earnings of only $28m ! Yikes!
The first quarter (that concludes this month) is published on October 30th. So we’ll see then, how better or worse the first Q1 is to following that road – or not :)
This is a play on RH prices it's the main driver ..........The average price of Rhodium (main contributor of profit) during that 12m reporting period using the monthly averages across 4 exchanges from JMT was $13.1k, the gross basket was $2k as reported today.
The average RH price since the start of the new financial year is $4.1k and has flatlined
There is no indication RH is in short supply EV penetration in china was 20%+
Any idea what the net profit currently is using 4.1k rh?
I think you need to do some maths.........wait for Q1, Q3/4 gave you an indication
You need a much higher & sustained RH price here.
Hopefully up from here, however divided is slightly decreased, Final was 8p last year, 5p this year.
Great presentation, Jaco excited about the future and pleased with overall performance. Next couple of years could be very interesting.
GLA
Filter "bangmycrak".
Keep buying, this share is hugely oversold. Great results & divi maintained & share buy back to resume.
Same here Mulder.
8p full year dividend so 11% yield.
Just waiting for the first negative bangrak comment now...
There was never a reason to sell unless one is into timing price-actions.
Very solid performance. This is a company run in a very professional manner, which continues to deliver year after year. Once the basket price starts to recover, which may happen soon, the SP will rocket. Time to accumulate and pocket the dividend
Excellent effort and very decent results!
5p divi on profit of 45.4 million
Sideways congestion and accumulation chart pattern since 4/7/23. Bullish positive divergence on Macd() and RSI(relative strength indicator). Large downtrend to be overcome, however, if sp, can remain at 71, or higher and build a pivot, or higher bottom around 71, then SLP, could be a buy.
The net is $41.4m split into H1 $32m with much higher RH prices & H2 9m with lower but still higher than now RH prices. The market should have done this maths already and worked out the average cost oz is $1056 and net basket now is not much different from this so those results are history, very little profit here. Q1 this year is when you will see the effects of $4k rh. Check profits in 2019 when the basket was similar but costs were $200 oz lower.