Member Info for bangrak

This was during a period when Rhodium averaged $19.5k and not $28.6k as it has since April, a 49% increase. EPS is far closer to 44p.

Exceptional results, Shing gives it an occasional plug but it's still flying low. Copper up 31% also since these results.

eps 22p YTD

Expecting SLP to be rated on the same earnings multiple as THS & JLP won't happen IMO until the BOD does something with the money. I'm still here with my holding from March 2020 but they have to do something. I still feel THS is better if you look forward a year or so but it's been a poor earner v the other two. Anyone had a look at Seplat now oil is rising?

Sirius today i have EPS for SLP at 34p, basket $5078 70k oz knocking off about 63% to cover all the usual deductions with 272m shares. THS at 50p 1.5mt Chrome at $170T + 160k oz PGM basket $4147 less about 80% for usuals (might need more on this as shipping increases see FXPO RNS for $ shipping costs rising) . I have THS on a PE of 2.86 and SLP 3.37, looks like you are possibly on last year's figures. YTD ave PGM prices are $23468 RH $1175 Plat $2368 Pal. SLP probably won't attract more than a 8, THS probably more (was 11.5 on 2020) due to mine life and chrome element. Both very good but SLP is now 70-90% gain THS 100-150%.

Most major shareholders supporting the offer 1655p and Lee keeps his Job.......not sure why people are paying more now? SR lets be fair, if you tipped anything in March last year it would have gone up, the secret of Twitter is to remind people about your good calls and go quiet on the poor ones, most importantly never show videos of yourself hovering over the sell button of a £400k holding as it ruins the image. The first million you make is exciting the next is not, if you don't need to self-promote you won't have social media anyway.

50% buy on 50 day EMA & wait until the downtrend from 9 march is broken for remaining 50%. The major holder is still selling but doing better than the seller on THS which i think is far better value and deserves more money now.

I had this worth about 70p on results day and I've just read the latest broker notes which consensus gives $1 or 72p as a target price. Is that enough from here for many to get involved? I would say that a dip back to 52-54p as it hits its head on the top of a rising channel (23 sep 23 nov) might get some interest. Traded on a PE of about 7 last year, the average of the last 3 years has been 14 so about 10 feels right. FEPS is 11c so 70p. Strong use of exchange trading here.

"While some of the longer-term development capital expenditure was postponed, this represents a prudent approach to expenditure in a time of heightened uncertainty"

Cash generation was good but i wouldn't base a valuation on this being the norm, revenue was pretty flat. Good but possibly a one off.

I've found knocking about 80% off the gross revenue tends to be reasonably accurate with this, i have £129m PE 2.72 at today's rates. Basket $4052, $169t CH, 160k oz PGM & 1.5MT of chrome. It's worth much more but someone is very keen to get rid of their shares around 131p almost wanting to hold it here which is unusual in this positive PGM market, i hope its not Medway. Strip out all the Rhodium and it's £66m net current PE 5.3.

THS is doing exactly what SLP was doing a year ago which made it so compelling, trading around the value of the PGM's minus Rhodium. The basket now is $3911oz. Rhodium $2597, Plat $666, PAL $391 RU/IR $250. Would you be bothered if any PGM's went down as Rhodium is the driver & has risen again today in HK trading to $26,500?.

RSI can stay overbought for months Velo if the fundamentals are there, you are likely to sell out of descent things too early adopting a 70+ overbought rule. JLP hit the top of an ascending channel SLP tends to reverse off the 20EMA. 108p this will go to IMHO.

http://www.platinum.matthey.com/documents/new-item/pgm-market-reports/pgm-market-report-february-2021.pdf

So Ben at the house broker has eventually upgraded the EPS to 41c which is 30p and by a total stroke of luck and nothing to do with hours of work and research that is exactly what I said the EPS would be. The more I try the luckier I get.

"Currently, I have EPS near 30p, it's got room to move but are conditions right for it to move"

It's important to keep an eye on the gold price but in reality, I have the EPS here is around 8p with $1600 gold and 11p with $1835 gold. Either way, this is still very cheap to me. This might not be very popular at the moment with its lack of price-pumping RNS's, but things always change, and around this point is where you tend to make your real money a few times a year. Really worth watching what's happening virus wise in China if invested in any metals, many people appear so focused/distracted by a game share in the US and FTSE bounces that they could be missing things that dampen the demand for many stimulus metals for a while, maybe this is the actual plan? Not sure the usual media is reporting anything as my info is coming directly from Chinese people this way. Factories closed, food shortages in some areas due to lockdowns.

Yes, it was.

I've been informed the company is issuing Q4 figures and 2021 outlook in early February.

The gold situation is very odd it's like the world has not quite got that the vaccination programme to return to the old normal will take well into 2022 and therefore assistance is required. Countries are naturally looking inward at what they are doing assuming when they are vaccinated they can fly anywhere and do anything. Tourism in many countries has been destroyed, when you finally get to fly to the exotic places people dream of now, many of the old popular tourist areas are derelict and require considerable investment to get them looking normal, that money isn't about. Borders will remain closed well into 2021 especially in less developed places.

So the softening in the price has nothing to do with global car manufacturing lines being closed down due to a chip shortage that is not expected to be resolved quickly. It's affecting all kinds of industries from bitcoin miners to electrical manufacturers. Rhodium is the main reason this has shot up, rhodium is mostly used in cars so I assume anyone invested here sat on a large gain would naturally expect things to cool off now. Assume car manufacturing cools, Rhodium is less desirable for a while, smelters resume smelting, it could weigh down the price of Rhodium and with its historic volatility, it could fall back. This is still one of the best businesses out there but it's caught up a bit now. Currently, I have EPS near 30p, it's got room to move but are conditions right for it to move?

Interesting to follow what's happening in China and I'm wondering how long it will be before there are further lockdowns disrupting supplies and global growth. They don't mess about over here, they lockdown entire regions & cities for weeks on a few cases rather than have a spread. There is a serious shortage of chips and many car production lines are being shut, according to Bloomberg VW has lost tens of thousands of cars in production in China due to the global chip supply shortage that’s crippling automakers around the world. The last time the markets crashed was just after logistical problems developed with the supply of critical components due to lockdowns in China. There has been a very good run on many companies and the markets in general which has made people less gold orientated, I think this is about to change with the Chinese new year approaching.

Been on my watch list for a while, certainly worth more than 60-70p even if you assume future profits won't be the same as this year, does look like a £5-6m net business so 100p seems fair value.