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Tharisa plc


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#1 Bullhunter

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Posted 10 October 2017 - 05:52 PM

Market update

The average PGM contained metal basket price for the three months ended September 2017 was USD825 (ZAR10 866) per ounce, which is USD33 an ounce higher than the USD792 (ZAR10 443) per ounce achieved in the quarter ended June 2017 and USD50 an ounce higher for the 2017 financial year compared to FY2016. The higher basket prices reflect, in particular, the increase in spot palladium prices, which surpassed the platinum price during the quarter.

 

With improved liquidity in the market during Q4 FY2017, contracted metallurgical grade chrome concentrate prices increased 17% to USD172 per tonne from USD147 per tonne the previous quarter, bringing the total average realised metallurgical chrome price during FY2017 to USD200 per tonne. 

 

The fundamentals of the global stainless steel market remain sound with continued growth forecast in 2018, supporting demand for chrome units in the form of ferrochrome and chrome ores. Specialty chrome concentrates, which comprised 24.3% of Tharisa's total chrome concentrate production in FY2017 and which supplies the chemical and foundry markets, continue to attract a premium of more than USD30 per tonne above the contracted metallurgical chrome concentrate prices.


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#2 Bullhunter

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Posted 03 October 2017 - 11:01 AM

Tharisa ready to shoot the lights out

 

http://www.sharenet....fe4ddd7164a269b


Edited by Bullhunter, 03 October 2017 - 11:02 AM.

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#3 PlatinumWealth.co.za

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Posted 26 September 2017 - 08:53 AM

Thinking of buying some shares, what is the outlook for this stock in the next 5 years?


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#4 SoleTrader

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Posted 25 September 2017 - 08:51 AM

Uptick in chrome prices very good for tharisa, merafe and jubilee
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#5 Bullhunter

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Posted 22 September 2017 - 05:39 PM

Closed at R19.40 today. Up 29% since 30 August post.


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#6 Bullhunter

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Posted 07 September 2017 - 02:29 PM

A forward PE of 3.

 

If management improves the current  dividend policy of distributing only 10% of  net profit after tax, fair value, based on HEPS  vs an equity risk premium of 50% above the prime rate, fair value is R42.92

 

A single trade of 800 000 shares at R15.00 went through this morning.  That's typical of institutional backing.

 

“The fundamentals of the global stainless steel market remain sound with continued growth forecast in 2017, further supporting strong demand for chrome units in the form of ferrochrome and chrome ores,”  said Tharisa CEO, Phoevos Pouroulis in July 2017.

 120 000 shares traded at R18.00  between 13h34 and 13h41 today-a 20% gain in 6 trading days.  


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#7 Bullhunter

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Posted 01 September 2017 - 05:14 PM

Tharisa on the move.


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#8 Bullhunter

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Posted 30 August 2017 - 02:06 PM

A forward PE of 3.

 

If management improves the current  dividend policy of distributing only 10% of  net profit after tax, fair value, based on HEPS  vs an equity risk premium of 50% above the prime rate, fair value is R42.92

 

A single trade of 800 000 shares at R15.00 went through this morning.  That's typical of institutional backing.

 

“The fundamentals of the global stainless steel market remain sound with continued growth forecast in 2017, further supporting strong demand for chrome units in the form of ferrochrome and chrome ores,”  said Tharisa CEO, Phoevos Pouroulis in July 2017.


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#9 SoleTrader

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Posted 06 July 2017 - 06:06 PM

Doubled my position today. Directors are buying and the price ticking up on the LSE, trading at 1440c equivalent.
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#10 SoleTrader

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Posted 18 May 2017 - 07:38 PM

This stock is totally undervalued. If the interims is anything to go by, HEPS could be in the region of 300 cents for the full year. At a PE of 6 I sold my Jubilee and invested R80k into Tharisa
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