I was asked yesterday to explain what I meant when I said that a stock was cheap. Here follows a short and I hope, simple explanation of the basics. Price Earnings Ratio:¬† Perhaps the most common way of valuing a share is the Price Earnings Ratio or PE Ratio. The‚Ä¶ read more →
State of play, noon 2nd November Lockdown II starts on Thursday. I guess most people expected the market to be off today, it’s up! Calling markets in the short term is a mug’s game. In the long term, it’s easy; they go up! I mentioned in my Investors Chronicle podcast‚Ä¶ read more →
Sylvania Platinum: (SLP.L, AIM All-Share, Market Cap ¬£189m, 69.75p, 5.2 of JIC Portfolio) First Quarter Report to 30 September 2020 Conclusion: The recovery from lockdown in Q4 is robust and it is benefiting from higher PGM prices. Production isn‚Äôt quite back to levels of a year ago, but with higher‚Ä¶ read more →
Struggling with technology¬†in Castlebay, Barra.¬†Hopefully, it will be better when we have hiked through the gale to South Uist this evening! Sylvania Platinum results: Mian points:¬†¬†¬† Sylvania Dump Operations (“SDO”) delivered 69,026 4E PGM ounces for the year, 4% below the record production of 72,090 ounces achieved in FY2019, despite‚Ä¶ read more →
Sylvania Platinum: (SLP.L, AIM All-Share, Market Cap ¬£127, 47p, 3.6 of JIC Portfolio) Q4, ending 30th¬†June, update. Conclusion: Q4 was impacted by COVID but it seems to have managed the situation well and entered the lockdown in a strong position. Since June it has been running at full capacity and‚Ä¶ read more →
Sylvania Platinum: (SLP.L, AIM All-Share, Market Cap ¬£120, 45p, 3.9¬†of JIC Portfolio and 9.7¬†of JIC Top 10) Third Quarter Report to 31st¬†March. Conclusion: It is good to see that operations will be resuming on 1st¬†May and that it feels able to give guidance for the year ending 30th¬†June. It expects‚Ä¶ read more →
Game Workshop¬†kicked off the¬†morning by saying that trading for the nine months ended 29th¬†February was in line with expectations but that in response to official guidance it would be ‚Äútemporarily closing globally all of our stores, headquarters, factory and warehouses with immediate effect. Where possible, our staff will continue to‚Ä¶ read more →
4,125 Anglo Asian Mining bought at 117p and 10,000 Sylvania Platinum bought at 48.9. I will update Portfolio later this morning.
Sylvania Platinum: (SLP.L, AIM All-Share, Market Cap ¬£138, 49p, 3.8 of JIC Portfolio and 9.3 of JIC Top 10) Following the H1 results this morning, I have just added the stock to the JIC TOP 10 Portfolio. I bought 16,000 shares at 49p giving a 9.3% position.