George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
3 weeks ago Overweight and a target of 50p
90% upside..
i expect targets to adjust back up from 50p as the companies debt reduces and profits increase.
If and when they reintroduce a divi and move back to ftse 250 then how much?
Looking forward to results next friday.
Im Playing the long game here but some traders will have been flushed out today. Thats the game.
Not so long ago we were buying at 22/23p so steady up trend. 30 will go soon imo might take 2 or 3 goes.
£30 mill claim, bwng counter claim and hey presto allianz claim is 65mil.
I expect a settlement around 25- 30m, bwng made a provision for 29mil
Typo Berenberg target up from 250p to 280p.
Thanks for detailed analysis
Just seen Berenberg bank raised theirvtarget price from £2.59 to £2.80 2 weeks ago… is the market pricing THS wrong?
Tharisa (LON:THS – Get Rating) had its price objective boosted by Berenberg Bank from GBX 250 ($3.03) to GBX 280 ($3.39) in a research note released on Thursday morning, Marketbeat Ratings reports. The firm currently has a buy rating on the stock.
THS stock opened at GBX 102.21 ($1.24) on Thursday. The company has a debt-to-equity ratio of 12.08, a current ratio of 1.83 and a quick ratio of 1.46. The firm has a market capitalization of £306.24 million and a PE ratio of 262.50. The company’s 50 day simple moving average is GBX 131.86 and its 200-day simple moving average is GBX 138.70. Tharisa has a 12 month low of GBX 96 ($1.16) and a 12 month high of GBX 172 ($2.08).
Very quiet here. Been watching the slide after selling out at £1.57p a little premature as it hit £1.70.
Back in bargain territory again so took a few back earlier this week. Parked to await the inevitable recovery in the quality company. Sub £300m mcap is a snip.
Peel hunt
Peel Hunt analyst Peter Mallin-Jones, in the note, repeated a ‘buy’ rating and a 255p price target – suggesting significant upside to the current market price of 99.45p per share.
“The kit to tweak the plant units is on-site, so the present quarter should see a pick-up in recoveries as the tweaks are implemented. Our current chrome concentrate production estimate is 1.75Mt, so we were at the bottom of the prior guidance,” Mallin-Jones said.
“Realised chrome concentrate prices of US$247 per tonne were well over our US$234 per tonne estimate, meaning some of the revenue miss on lower output and sales will be recouped via higher prices.
“PGM production is tracking to hit or even slightly exceed the upper end of guidance (175koz). This has come as management has deliberately targeted PGM production (at the expense of chrome concentrate production) to capture the biggest cash flows possible during the recent period of strong PGM pricing.”
The analyst added: “Guidance implies an improved quarter from the Vulcan plant, but to hit the upper end would require a full quarter around design recovery rates.
“PGM recoveries are ticking up and management indicates that as the ratio of oxidised ore in the blend falls through FY23E, recoveries should steadily move to the target levels of 85%.”
Peel Hunt additionally noted Tharisa’s strong cash generation and pointed to its US$48mln of net cash in the bank.
Abftse clearly short and deramping, doesnt like the website, how sad. Quoting incorrect figures.
Up 16% the last 2 days so hope he got rid of it in time..
Share magazine havent got a clue about the litigation. The initial sum claimed by Allianz was clearly £30m. Bwng counter claimed denying liability for the ppi and suddenly Allianz wanted £65m because they didn't like the counter claim. All a game.
Nbwn have made a provision of £29m which is covered. ..i expect out of court settlements will be made.
Fundamentals are very strong but the stock markets are very bad in the current climate. Its been a shorters dream the last few months.
10p was after covid hit and was an unknown ad the markets collapsed. Recovered to 70p inside 12 months and that was after a placing at 57p.
Just have to wait it out but a recovery will come.
*Strong update
String update just a couple of weeks ago and price was about 34p down to 23.. crazy cheap.
£100m mcap v revenues of 500million and profits circa £35m.
Possibly shorted down on low volume. Good op for thise who can wait for sentiment reversal.
I remember first buying here at 23p when covid hit, it went to 70p in the following 12 months. Was my best win in covid. Im back in but under water but happy to wait.
Will add before next update.