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Sylvania Platinum Ltd (31L)

Frankfurt
Symbol
Exchange
Currency
SLPLLondonGBP
31LFrankfurtEUR
Currency in EUR
Disclaimer
0.730
-0.020(-2.67%)
Closed

31L Price Commentary

40-50 would be the buying range
From Simply Wall Street. Price-To-Earnings vs Peers: SLP is good value based on its Price-To-Earnings Ratio (5.6x) compared to the peer average (30.8x).
Sylvania are a sure fore take over target at this level. Profit/ share price is amazing.!! Buy/ hold for me on the dips.
The share price is an absolute steal. One of the highest paying dividend shares on the market. Amd a solid growing conoany. What else could anyone want. Buy!For the year ahead, Liberum’s financial models point to a 28 per cent bounce-back in pre-tax profit to $83mn, implying the shares are rated on a cash-adjusted price/earnings (PE) ratio of 2.1. The projected recovery in profits is supported by strong vehicle sales growth across all global regions, a positive for rhodium demand in the autocatalyst, elevated used car prices keeping a lid on recycling, and an end of destocking of rhodium and platinum by manufacturers of glass fibre.The lowly rated cash-backed shares have drifted down in line with the FTSE Aim All-Share index since I covered the third-quarter results ('Sylvania's 10% yield could make it London's lowest-rated stock' 16 May 2023), and now trade at price-to-book value parity. An overdue re-rating is in order and one driven by an earnings recovery. Buy.y
Production guidance upped from 70,000 to 74-75,000 4E PGM ounces for 2023-24 financial yearJoint venture to deliver an additional 6,500 4E PGM ounces per annumNet cash of $124mn (38p a share) worth half market capitalisationAnnual dividend of 8p a share declaredAnalysts predict 25 per cent recovery in EPS to 21.2c (17p)
From Investors Chronicle.. SMALL COMPANIESSylvania is overdue a re-ratingThe cash-rich South African metal producer offers an attractive 10 per cent-plus yield
Significant re-rating. Read the investors chronicle arricle. £1.80 a real target short term. The company holds capital worrh half the share value. Ridiculously easy Buy!!
2023 Rhodium outlook poor,aluminium deficit forecast,palladium balanced, upside good on alli so should see upside,but as always inscrutable China the unknown? still the juicey divi fingers crossed
Any insights on the unwarranted fall
the only thing i read was all miners getting hit due to fed hike today but i don't understand what difference that makes
Looking at the chart this could well drop until 50 ish before finding a support
hope not
The SA diplomatic shift is of concern.
South African pgm stocks continue to rally, SLP, THS, PAF all performing well despite headwinds today.
9-10% dividend coming soon and PGM basket still above analyst forecasts. Tight supply of rhodium and palladium keeps prices supported and Platinum is the Japanese preffered value investment rather than gold, particularly more attractive given the BOJ’s refusal to lift rates. The Yen is down more than 20% against the USD this year and still losing value, which will encourage investors to move their cash into the safer precious metal
Why this not moving? South Africa had a tuff few years but PGMs are flying.
Precius metals are going up. good dividend, good financials, can go back to previous highs= 40% up
Time to buy before EV boom hits the headlines….keep accumulating
EV boom ??
Just Buy and Win!
Buy. Bullish Breakout
is it good time to buy some more shares in sylvani atm,any advice
i think anything around a pound is a good price. i have an order at 93 but it only went to 94.
Its Christmas came early get in quick or you will regret see it flying soon again.
I wouldnt buy anything that I cannot even spell
eerrgh missed the -18% drop.
why the sudden falling
It is strange. At 50% down from all time high. Usaully its 20%-30%. But no doubt this will go straight up again soon.
Looks like prices of Rhodium, one of PGM, is on a steep decline.
its based in SA, there is a lot of unrest there at the moment,
How high can this go, why the increase?
Alot further I think over time:) Price to Earnings ratio is still low and I think most of the metals they mine will be needed for the future!
Good morning🌞
Nice ascending triangle and potential cup and handle on the daily
It's doing great and it's in a good position. The enormous demand for PGM's is set for years to come.
whats the profit forecast for next year? past profit growth and fiancial strength look impressive
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