Adam Strydom
Jun 10, 20231 min
Sylvania Platinum Ltd saw a 43% decrease in EPS to 20.6c mainly due to a 23% drop in the PGM basket price, because of global recessionary concerns and production challenges in the first three quarters of FY22. The 8p/share dividend declared, a 9.2% dividend yield, was higher than Edison Group's forecast 3.5p/share. The stock is cheap (87p/share) relative to Edison's valuation (169p/share), especially because of its low risk in terms of safety, low labour component and generally low-cost nature.
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