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.
Buy alert on ii today. Bullish flag pattern. Short term SP target 133-139p for SLP
" Luna.. Have you checked out THS? Even better value imo and I'm not knocking this"
----------------------
Yes I too, have been watching it Jammy. It last resurfaced through a mention here last (mid) December - and on price action, I posted:
"... In fact I'll go further. I want to see if THS can not only make it past 120 but permanently build on the 120's. It's been in failed rally after failed rally. No doubt this is the big one, but ... "
Soon after I posted that, THS continued in its bull run through 120 (too quickly for my liking) and on to 140's before turning bearish. So wasn't surprised to see it cascade back down into the 120's.
It closed last weekend on 120 itself, so been mulling it over since the days of 100, and thought if this continues retracing into the 100-teens on Monday, I'll reevaluate my reservations and maybe take a wee bite, wait to see if a crossover to the upside ensues and increase my stake again. Been busy today, so got sidetracked. And what happened LOL ?
- Today, Monday it reacted as if touching an electrified barbed-wire fence and bounced up and away from that 120 - pronto!
Feel vindicated about 120 though. It IS is a monster support when the SP is just above it and a monster resistance when the SP is below it.
Nonetheless, a good performance today by THS also.
Still not quite left it's bearish downtrend, but today's price action backs you up, as like SLP, on price action alone I expect it to continue bullishly tomorrow.
Hi Jammy
Yes, it's a good one as well. Both are stellar. I prefer a position with has no leverage (debt) though. So the decision fell on SLP. That's enough exposure to this sector for me. My positions are rather focused. It would be a close call though. It depends on how one approaches investing. There are many ways to do this.
Excellent suggestion though. Many thanks.
" Everyone ready for the 27 day run to £1.25 now? :) let’s go. "
-------------------
Am now Stoodio.
After today's 107 close I was sure I'd be quoting a few pence slightly higher expectation, but something has dropped in the algo, and coming out the same as you Stoodio (albeit a part-nano microfraction just under 125 :)
125 it is then! I'm on board :)
Excellent performance today, with a strongly bullish close.
With that kind of close, I fully expect a bullish continuance tomorrow, Tuesday.
(It demolished the first of the intraday resistances).
Luna.. Have you checked out THS? Even better value imo and I'm not knocking this
Often seen the share price dip to counter the dividend. However the fact they are confident enough to give an extra dividend when many are cutting theirs might stick this on a few more radars.
it's horrible that one cannot make edits to posts.
It should have said: "The way I see it is that for as long as I am building a position..."
Apologies.
Thanks for that mate.
The way I see it is that I am building a position here there is a realistic potential of purchasing £1.00- for £0.50-.
I am in no hurry for the share price to increase. It's rather common sense.
There are some risks to an investment in SLP, and as the basket prices increase, so does the downside risk. I am rather chuffed to note that the board has a similar view (of the basket price turning and going the other way -- they've experienced this first hand themselves).
The company is in good hands, no doubt about it. But for as long as I am building a meaningful position I rather that it remains a good value purchase rather than storming into exuberant territory.
Totally selfish of me. I agree. But then.... so are many on this board wanting this to jump to prices I would simply no longer be willing to pay ;)
So, pleeze -- no squeeze!
Happy value hunting.
Don't know OldH, but last years 1/2 year report was 17th Feb - which may say more...
Your right the amount will theoretically go down the same as the dividend - but the companies future profit potential is what should drive the share price up or down ongoing and that is largely driven by the commodities price trajectory.
At the minute I would say this looks pretty good and a lot more solid than Reddit speculative ideas (if not quite as exciting!)
Anyone know when the Board Meeting is? As the price will go down by the amount of the dividend once that's announced and xd.
Those large buys end of play did not go unnoticed!
All we need is a short squeeze on Pl
Everyone ready for the 27 day run to £1.25 now? :) let’s go.
Nice rebound today as soon as market opened, which could have caught a few out who were expecting a move lower. PGM prices up too. Forecasts predicting a commodities/metals super cycle.
Also remember that Q4 last year was hit by the Covid shutdown. ( around 1/3rd of final quarter). This positive reversal & continued basket price momentum , now assisted with better Platinum spot pricing , should deliver $190m+Full year revenue comfortably. As we saw in Q2 update cash pile has been helped by the Zar:$ improvement & will grow strongly at half year. I reckon we could get ~$ 15m /4p a share as special dividend...yet our cash pile will still grow to fund future.
Correction: This assumes revenues are 25% higher for the 2H of the year versus 1H (not 35%).
Liberum's updated expectations of $192 mil revenue (updated SP target of 200p) for the year are not unrealistic IMO. This assumes revenues are 35% higher for the 2H of the year versus 1H.
The SLP PGM basket price now is significantly higher than it was in Q1 and Q2 of the year, which will drive the increase in revenues assuming on average the same PGM output for the 2H of the year. Of course if the basket price can hold at current levels is to be seen, but the market remains bullish on PGM prices going forward.
Assuming the current basket price for 2H of the year, I estimate FY revenues actually exceeding $200 mil but prefer to keep expectations more conservative and hope to see the Liberum target met, which in itself would be an outstanding achievement for the company.
We certainly will Stoodio, hope you and yours are keeping well too, as am I.
-----------
This post is for those out there looking for a cheap top-up on the expectation the SP pulls back briefly on Monday, now that the market has had sight of the trading update.
Or do you think that was it today - That 3p ( x2.8% ) pullback today?
The SP is still in an Ultra-Short Term bearish down trend.
Short-Term Trend and higher are resolutely bullish, so currently it's a v short term thing only.
Anyway, just knocked up some potentials if (IF) the pullback on the trading update results appears again (for Monday only).
First thing that I noticed is that ALL the supports for Monday - every one of them is in the 90's.
Had a wry smile to myself, should those occur as a certain poster might take a:
"I-Told-you-so" post at her critics.
Nothing lower than those.
If you want this bear trend to cease now the update is known, then IMO sitting things out on the subs bench by close at just 103 would be the first step.
However, should the SP skip on its merry way, then resistances commence at 105 with stops all the way up to 115 are on the radar. Those are pivot points for Monday only.
What no one knows is which of the three ways the SP will travel on Monday, or how much strength in those directions.
Up, down or nowhere but the subs bench?
Which will you root for, before Stoodio's 125 takes over and gets underway?
(The clock is ticking as they liked to say over there :)
Let’s get after it velo :) hope you’re well matey :)
Baz
Liberium update was released this AM
No argument from me Stoodio - at a 102 starting base figure, have to agree - you're on the money!
But I have to wait for the first trading day of February for my calcs.
SLP has out-performed every estimate of mine, so whatever my calcs throw up on Monday, expect actually higher to transpire.
I've copied what Stockopedia said in November 2020 below.
What do brokers say?
The most recent broker note is a Q1 review from Liberum, published on 30 October 2020. To summarise:
Sylvania has achieved a strong operating performance in a challenging environment as production levels ramp up to pre-lockdown levels,
The group is significantly cheaper than other PGM plays and 'even in a flat PGM price environment, Sylvania should significantly re-rate and deliver large dividends in the years ahead.'
PGM prices enable continued impressive cash generation, and
The price target has been upgraded from 115p to 140p.