Sylvania Platinum: (SLP.L, AIM All-Share, Market Cap Â£113, 435.5p, 3.8% of JIC Portfolio and 0.0 of JIC Top 10)
Following Sylvaniaâ€™s results on Friday, the share price has taken a bit of a drubbing. It is down 11.5% today following an 8% drop on Friday.
One look at the chart below shows that it is a volatile stock. Fridayâ€™s results clearly disappointed the market, but it was their best Q2 ever and their 3rdÂ best quarter on record. Management pointed out the ongoing challenges. These are not new challenges, but it seems the market has taken it to heart.
Given todayâ€™s drop to 35p, the shares now stand on a prospective June 2020 dividend yield of 6.0%.
Clearly my purchase on the 22ndÂ January was poorly timed. I have just increased the position back to 3.7%, believing that todayâ€™s spike down is like previous ones, a good opportunity to top up.
I paid 35.65p per share