Member Info for ic152

No new announcements LunaNera

I am still invested and will stay so. However, there is a daily trend here that doesn’t seem to be changing.
Agree with the hibernate comments. Think this needs to be left for a couple of months.

Now down on the YTD SP. Just seems to be gradually retreating. Sure this will bounce next year if/when PGM’s rise but looks like mid 80’s for the foreseeable. Any thoughts to the contrary?

You are absolutely right Lunanera. Sage advice. Interested in what BABA and V are though?

I’d settle for a squid right now!

Stoodio, I do hope you are right, although looks like a miracle at the moment.
Chatmandu, I always value your opinion and I do completely agree with your summary below but maybe ease of the last comment. I suspect the chartists amongst us cannot predict this stock, just too many variables to manage.
So, still counting myself as a novice - How often has anyone seen the book value of a profitable company = the market cap? SLP is basically there right now (including receivables)? Doesn't that now mean any further reduction values the actual business as a negative value?

The difficulty I see with the PGM's is that there are 2 contrasting sides. On the one hand electric vehicles are definitely taking off in big numbers. On the other we have emissions standards increasing, increased demand for ICE in India and potential hydrogen technologies (although maybe a few years away). Plus a backlog of cars to build to fulfil backorders.
I can understand why people are nervous with PGM's. But whilst the platinum and palladium is dropping, it is hard to see the SP recovering.

Hmmm, rhodium just stated to tick up. SP heading down again. Hard to know what to make of this.

It probably is. THS and JLP down the same levels. Market concern. SLP managed Covid well, so far, so I would think this is a knee jerk reaction to worries mines will shut down.

I would settle for that!

Hmm, am I being too negative! I have been through the mill with SLP a bit and I just can't get my head around how it should be valued with so many variables.

Can't say I minded the rebound today though. That made me happy!!!!

Artrader, there are numerous reports on the surplus of platinum being higher than ever by year end. I hope you are right on the Jewellery! Platinum seems out of place at half the gold price but still a surplus

That would need a huge change in metals pricing Stoodio. £1.20 is going to take quite a rise on its own.
Enjoy the baby oil!??

Platinum and Palladium are being pummelled at the moment. Not sure why if chip shortage is easing. And waits on cars are very long, so there is no shortage of orders. Strange and disturbing

Thanks artrader. What are the costs, and net profit? In your opinion?

PGM's still declining. Does anyone know the potential yearly profit (approximately) at these prices?

Would be good to heard SLP’s views on this at some point! There is bad sentiment for this stock, even with its cash and longevity

Holy sxxx!! Free fall. It will soon be at book value

Bangrak, what downgrade are you referring to? I haven’t been able to find anything.

So another bad week at the office, SLP is an under loved share. Wondered if anyone can critique the following?
Cash $133M, receivables of $50M (approx?) and another $10M-$15M profit in Q4, so close to $200M, with assets of $86M. With an approximate book value of $286M and market cap of £265M ($355M) then the book value is 80% of the market cap and cash+receivables is 56% of market cap.