The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I don't know Sotolo's motives. Maybe he just has a negative opinion on everything in life. More likely he's a troll with an axe to grind
The EPS is £1.65
Not that it matters. Shareholders will not see it. This company is run purely for the benefit of the directors.
Hello, anyone care to share their forecast for the net cash position at year end?
I think I'm in a minority, but I thought the results were broadly in line with expections. Yes Q4 production could've been slightly higher, but it's still within FY guidance. Given the impact of covid and riots in SA, I don't think that's too bad.
If you were expecting profits in line with Q3, then you need to do some research into how the sales adjustments work...
Sotolo, in my opinion, higher dividends would be nice. An ambitious growth plan paid for entirely out of cash in the bank is nicer. A share buyback to clear the seller whilst the share price has dipped would probably be nicest of all.
Sotolo, so you are suggesting that autocatalyst recycling may address the chronic undersupply in the rhodium market? Have you seen any research or industry reports which back up your theory? Please share them
Lucky I don't believe Rhodium can be analysed the same way as bitcoin! Lines on a graph are irrelevant here. The price of Rhodium will go through the roof when global car production returns to normal levels. Its the law of supply and demand -anything else is just background noise.
Ignore the headline rate and submit a dummy quote request.
On IG I can buy 10,000 shares for 124.9 or sell 10,000 shares for 123.1. No complaints from me on the spread
Sotolo, it depends how you look at it. Yes the current basket price is down versus the very recent highs, but it is still 20% UP versus the H1 average. I haven't calculated the average basket price for Q3, but it will be significantly higher again
Hi Fishysaurus, I would highly recommend stockopedia. The daily small cap value report is worth the subscription alone.
799boy - I'm currently doing the opposite. In no way should SLP be valued higher than THS. SLP is a well run business, but THS is more profitable, with a longer mine life and less risk.
Using lockdown as an excuse for late filing of audited accounts doesn't wash with me. What's the real story?
Sotolo, I'm not against hearing the bear case. It's good to have a balanced view. But are you serious? Of course production is up year on year in April. SA mines were forced to shut in April 2020. I see Rhodium is up this morning, so I guess you needed something else negative to post about.
The drilling updates sound very promising. However I have a niggling concern over the directors' shareholdings. If JC is confident about recent drilling, wouldn't you expect him to have more skin in the game?
On that basis, my calculation suggests H1 sales adjustment could be around $70m - $80m. Which should drop straight to the bottom line.
So revenue is initially recognised based on the basket price when delivered to the smelter. But the actual invoiced revenue is based on the basket price 4 months later? Is my understanding correct?
Does anyone know the time lag between inital recognition of PGM revenue and final settlement date? I think with SLP this is around 4 months. I'm assuming it's similar for THS? If so, the revenue adjustment/ fair value adjustment of debtors in H1 results is surely going to be astronomical.
Sorry Sotolo that's just not correct PGM and Chrome production are both up versus the same quarter last year.
Also cash and profit are not the same thing.
Full year production targets on track! This is exactly what I wanted to hear from this update.
Sotolo surely you are aware that production in the quarter ending March is ALWAYS lower than preceding quarter?