Sylvania Platinum Limited engages in the exploration of mineral properties in South Africa and Mauritius. It primarily extracts for platinum group based metals, such as platinum, palladium, and rhodium. The company holds interests in the Sylvania dump operations, as well as Northern Limb, Grasvally, and Volspruit projects. It is also involved in the chrome tailings retreatment operations. Sylvania Platinum Limited is based in Hamilton, Bermuda.
Freetrade helped get me into investing. I love the slick beginner friendly interface.
However as I delve more into investing and stocks the one gripe I am having is not being able to invest into the stocks I’m wanting too
SLP is one stock I want to own but would have to change platforms to do so.
So please get it on Freetrade!
Alex
Hello Alex.
Hope you don’t mind I’ve moved your thread here so we don’t dilute the vote.
I’ve been reading up on SLP over the last few days and I’m really interested in their business too (will be even more interested when Eurasia sorts itself out!).
Anyway, not sure if you’re a Twitter user, but GCP gives some great coverage on Sylvania.
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Thank you
I am new here. Did not see this already posted
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Why are people selling the shares a week before dividend payouts, makes no sense. Push the price up and sell on the payout day.
£123m mcap, £75m cash pile at end of June, no debt.
Paid $6.6m in dividends (April and June), and a final dividend of 3p per share - so yield is well over 10%
Directors buying today RNS.
Profit is only down as they were spending capex on new JV coming online next year.
Bargain at multi year lows here!
I think will recover quite fast towards 60p ahead of Autumn.
Group cash balance of $97.8 million as at 30 June 2024 (FY2023: $124.2 million) with no debt and no pipeline financing.
I think the basket price dropping by 36% was a significant contributor too.
I agree though, with the cash balance and in my opinion good management team this appears good value. Will be dependent on commodity prices moving in a more favourable direction though. The dividend may take a hit next year but in the long run should hopefully be a good investment.
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