Updates

Sylvania Platinum - FY'22 ex-cash PE just 2.4!

June 2021

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

The stars continue to align for Sylvania Platinum with record commodity prices powering a 70% jump in revenue to US$74.2m and doubling in EBITDA to US$58.7m in Q3 to end March. Net cash increased by US$35m to US$102.1m. Production was 17,420 PGM ounces and full year guidance for 70,000 oz is unchanged. While lower than anticipated, PGM recoveries and inconsistent supply of Run of Mine material to one of its six plants slightly impacted production and reduced efficiency. Although it also suffered rising electricity, labour costs and unfavourable currency movements (Rand +5% vs US$), gross profit margins still increased from 74.5% to 77.5%. That was largely thanks to further rises in rhodium, which accounted for four fifths of the 38 ...

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Photo-Me - Trading ahead of expectations

De La Rue

Sylvania Platinum (October 2021)

Sylvania Platinum (September 2021)

Slvania Platinum (April 2021)

Sylvania Platinum - Low cost PGM producer on soon-to-be prospective PE of just 4.1 (March 2021)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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