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Quiggers52

Over time what you are saying is correct but at any one time market makers are likely to be long or short of stock. As an example if the market makers believe that results are due in a company and are likely to exceed expectations it would make sense for them to be long on the stock so if the share price rises after the results they have a good supply of stock to sell at a higher price than what they paid a few weeks earlier.

Surely the market makers must be short of stock because yet again we have considerably more purchases than sales in Sylvania Platinum.

LunaNera

I agree with you I made three purchases today and I had to pay £1-03 pence for my last deal.

There has been some very large purchases today in Sylvania Platinum hence the price has gone up significantly. Is this the start of a significant long term increase in the share price I am wondering?

Velo Thank you for your thought provoking views regarding this matter. We are fortunate to be shareholders in such a well run and profitable company. I only wish that I had paid seven pence a share for my not insignificant shareholding in this company.

Velo
While it is correct that there has only been one dividend each year if that was going to continue, I wonder why they have not continued with paying the dividend in April as in the past. I believe it's quite possible that there will be a further dividend payment next April if not then the total dividend paid in 2023 will be less than was paid in 2022 unless there was a significant increase in the final dividend payment.
I see both sides on the share buyback debate. If the share price is low, it seems to be a good use of the cash to buy back shares in my opinion. The company did not overpay because they paid an average of 85p for the shares that they bought back. I was myself buying shares in SLP at the time of the share buy back and usually they were able to purchase shares at a slightly better price than I was paying for my shares. If you remember in several days, there were no buyback purchases because they refused to pay more than ninety pence a share. As you will be aware the current share price is close to one pound a share so in my opinion paying 85p for the shares purchased in the market and saving the eight pence dividend that would have been paid is a good deal for the shareholders. In my humble opinion the price paid for the shares in relation to the current share price is the deciding factor whether it was a good idea to buy back the shares or not. If back in May the company bought back shares at say 120p a share against a current share price of close to one pound, I would consider that the board had destroyed shareholder value. I would also be against share buybacks if it seemed likely that the purpose of the share buybacks was to increase the share price in order to increase the directors' bonuses which can be calculated on the share price in the company. You are correct that share buybacks can decrease the liquidity in a company's shares and that issue needs to be considered by the board. Personally, I consider the liquidity and spread on the shares to be acceptable for what after all is only a small cap share.
If you remember back in September Jaco reported back on the performance of the company in the last year and then answered questions from shareholders. The first question he answered was from me when I asked if there were any further buy backs planned. I thought his answer was interesting as he seemed to acknowledge that some shareholders were in favour of share buybacks and others were totally against them as you are Velo.
As I see it the company are acting in a fair and reasonable manner by using some of the cash on new projects, some on increasing dividends and some on share buybacks.

As far as I understand it my broker receives the vast majority of dividends by electronic transfer but some companies pay dividends using a cheque and I was told that Sylvania Platinum is one such company. Is it the view of this board that the company will pay a further dividend in April as has been the case in recent years? This fact seems to be ignored when we are told that the yield of SLP is a little over 8%.

Thanks everybody for your replies to my question re the receipt of the dividend in SLP. Velo your posting re this matter is thought provoking but I do believe my broker when he said the dividend was sent by cheque though its strange to accept. I do like the idea of large brown envelopes stuffed with cash I will have to work on that one. Its 80f here at Siesta Key in Florida so I need to hit the beach once again.

My broker has advised me that my dividend has not arrived today because of the postal strike is anybody else in that position please may I ask the board?

I agree with you Quiggers52 which is why I have more shares in this company than Jaco.

I am wondering just how reliable electric cars are in Florida where I live for part of the year has nobody not considered the power outages there. Equally do we have sufficient generating capacity in the UK if most of our vehicles were electric cars.

Velo my fault is considering shares in this company to be the best investment that I have ever seen in over fifty years investing in stocks and shares hence I keep on buying further shares in this company so it's now in my opinion a significant holding. I sure am looking forward to receiving the dividend on December 3rd.

The 8p full year dividend is not linked to any future special dividend payment which may or may not happen.

It's for these reasons why I have invested over 50% of my portfolio in this company. I know many people would say you should not do such a thing but I have never seen such a great investment as this company. I believe in a few years it could be a ten bagger from the current share price and if I am wrong I am going to enjoy the fabulous well covered dividend from Florida which is where I will be when the dividend is paid.

Thanks for confirming what I believed to be the case re the eight pence a share dividend payment. This is my largest holding so I will be receiving a very nice dividend later this year. What to do with it is the question!!!!!!LOL.

There is some confusion on the ADVFN board as to whether the eight pence a share payment is in addition to the previous payment earlier this year which is what I believe to be the case. I do believe that the statement re dividends is a little confusing.

It looks like your purchase this morning was reported as a sale as the price paid was just below the mid price at the time for SLP.

A number of times I have purchased shares and the deal was showing as a sale because the purchase price was just below the mid price of the share in question.

It depends on whether the market maker is long or short of stock. Over time the number of sales and buys should be the same but that will not happen on a daily basis.

Ramsdens are tipped today by the Investors Chronicle with a price target of 250p. H&T are also mentioned in the article. Ramsdens shops are mainly located in the North while H&T are mainly located in the south. The market capitalisation of H&T is about three times that of Ramsdens.