View Past PerformanceTharisa バランスシートの健全性財務の健全性 基準チェック /56Tharisaの総株主資本は$889.5M 、総負債は$127.9Mで、負債比率は14.4%となります。総資産と総負債はそれぞれ$1.3Bと$459.6Mです。 Tharisaの EBIT は$186.2Mで、利息カバレッジ比率-95.7です。現金および短期投資は$193.0Mです。主要情報14.38%負債資本比率US$127.88m負債インタレスト・カバレッジ・レシオ-95.7x現金US$192.98mエクイティUS$889.50m負債合計US$459.59m総資産US$1.35b財務の健全性に関する最新情報更新なしすべての更新を表示Recent updatesValuation Update With 7 Day Price Move • Jun 11Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €1.26, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 11x in the Metals and Mining industry in Europe. Total returns to shareholders of 44% over the past three years.Reported Earnings • May 27First half 2026 earnings released: EPS: US$0.16 (vs US$0.025 in 1H 2025)First half 2026 results: EPS: US$0.16 (up from US$0.025 in 1H 2025). Revenue: US$359.4m (up 28% from 1H 2025). Net income: US$46.6m (up US$39.3m from 1H 2025). Profit margin: 13% (up from 2.6% in 1H 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.Declared Dividend • May 24First half dividend of R0.42 announcedShareholders will receive a dividend of R0.42. Ex-date: 10th June 2026 Payment date: 24th June 2026 Dividend yield will be 29%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (8% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 86 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 11% over the next year. However, it would need to fall by 92% to increase the payout ratio to a potentially unsustainable range.お知らせ • May 22Tharisa plc Declares Interim Cash Dividend for Six Months Ended 31 March 2026, Payable on 24 June 2026Tharisa plc announced that an interim cash dividend for the six months ended 31 March 2026 of US 2.5 cents per ordinary share has been declared (HY2025: US 1.5 cents). The interim dividend will be paid on 24 June 2026 and will be paid from income reserves. Last day to trade cum-dividend rights on the JSE: 9 June 2026. Last day to trade cum-dividend rights on the LSE: 10 June 2026. Shares will trade ex-dividend rights on the JSE: 10 June 2026. Shares will trade ex-dividend rights on the LSE: 11 June 2026. Record date for payment on both JSE and LSE: 12 June 2026.お知らせ • May 15Tharisa plc Provides Earnings Guidance for the Six Months Ended 31 March 2026Tharisa plc provided earnings guidance for the six months ended 31 March 2026. For the period, the company's basic earnings per share are expected to be between US 15.3 cents and US 15.8 cents per share. This is an increase of 512.0% to 532.0% relative to the EPS of US 2.5 cents per share for the six months ended 31 March 2025.お知らせ • Apr 25Tharisa plc Appoints Jacques Breytenbach as Chief Finance Officer Designate, with Effect from 1 May 2026The board of Tharisa plc announced the appointment of Jacques Breytenbach as Chief Finance Officer Designate with effect from 1 May 2026, and as Michael's successor as Chief Finance Officer and as executive director of the board with effect from 1 August 2026. This appointment provides for a comprehensive handover period to ensure continuity and stability within the finance function. Jacques holds a B. Compt. (Hon)/CTA from the University of South Africa and is a qualified Chartered Accountant (South Africa). He is a seasoned Chief Finance Officer and non-executive director with over 25 years' experience in integrated mining operations including the diamond and PGM sectors across Africa. He has extensive experience in the listed environment, across both the Johannesburg and London stock exchanges, as well as capital structuring. His broader expertise encompasses the shaping of financial strategy, optimising return on investment, leading full financial functions across diverse geographies, including South Africa, Tanzania, and other geographies within Sub-Saharan Africa, debt and equity fundraising, and implementing robust governance frameworks and digital systems to support growth in multinational, asset-based organisations. Jacques served as the Chief Financial Officer of Petra Diamonds Limited for eight years from 2016 to 2024, having previously served as Group Finance Manager between 2006 and 2016. Prior to this, he served as Finance Manager at Anglo American Platinum Limited (now Valterra Platinum Limited) from 2001 to 2006. He served as a non-executive director and member of the Audit Committee of Afrimat Limited, from 1 June 2025 to 21 April 2026. Jacques' strong strategic and operational finance experience will add considerable value to the Tharisa Group.お知らせ • Apr 24Tharisa plc Appoints Jacques Breytenbach as Executive Director, with Effect from 1 August 2026The board of Tharisa plc announced the appointment of Jacques Breytenbach as Chief Finance Officer Designate with effect from 1 May 2026, and as Michael's successor as Chief Finance Officer and as executive director of the board with effect from 1 August 2026. This appointment provides for a comprehensive handover period to ensure continuity and stability within the finance function. Jacques holds a B. Compt. (Hon)/CTA from the University of South Africa and is a qualified Chartered Accountant (South Africa). He is a seasoned Chief Finance Officer and non-executive director with over 25 years' experience in integrated mining operations including the diamond and PGM sectors across Africa. He has extensive experience in the listed environment, across both the Johannesburg and London stock exchanges, as well as capital structuring. His broader expertise encompasses the shaping of financial strategy, optimising return on investment, leading full financial functions across diverse geographies, including South Africa, Tanzania, and other geographies within Sub-Saharan Africa, debt and equity fundraising, and implementing robust governance frameworks and digital systems to support growth in multinational, asset-based organisations. Jacques served as the Chief Financial Officer of Petra Diamonds Limited for eight years from 2016 to 2024, having previously served as Group Finance Manager between 2006 and 2016. Prior to this, he served as Finance Manager at Anglo American Platinum Limited (now Valterra Platinum Limited) from 2001 to 2006. He served as a non-executive director and member of the Audit Committee of Afrimat Limited, a JSE listed company, from 1 June 2025 to 21 April 2026. Jacques' strong strategic and operational finance experience will add considerable value to the Tharisa Group.お知らせ • Feb 20Tharisa plc Approve Final Dividend, Payable on 11 March 2026Tharisa plc at the Annual General Meeting of shareholders held on 18 February 2026, final dividend of US 1.5 cents per share having been approved by shareholders. Declaration and currency conversion date on 1 December 2025. Currency conversion rates announced on 19 February 2026. Last day to trade cum-dividend rights on the JSE on 24 February 2026. Last day to trade cum-dividend rights on the LSE on 25 February 2026. Shares will trade ex-dividend rights on the JSE from 25 February 2026. Shares will trade ex-dividend rights on the LSE from 26 February 2026. Record date for payment on both JSE and LSE on 27 February 2026. Dividend payment date on 11 March 2026.お知らせ • Feb 06Tharisa plc Announces Retirement of Michael Jones as Chief Finance Officer, Effective 31 July 2026Tharisa plc announced that in compliance with the JSE Listings Requirements, shareholders are advised that Michael Jones will retire from his position as Chief Finance Officer of Tharisa and its subsidiaries effective 31 July 2026. Michael joined Tharisa as Chief Finance Officer on 1 May 2012 and was appointed to the Tharisa board on 30 January 2013. The Company will commence the process of finding a suitable replacement, evaluating both internal and external candidates, and shareholders will be advised once the appointment of the new Chief Finance Officer has been finalised. Michael will assist the Group during the process and provide support to ensure a seamless handover of responsibilities.お知らせ • Feb 05Tharisa plc Announces Retirement of Michael Jones as Executive Director, Effective 31 July 2026Tharisa plc announced that in compliance with the JSE Listings Requirements, shareholders are advised that Michael Jones will retire from his position as Executive Director of Tharisa and its subsidiaries effective 31 July 2026. Michael joined Tharisa as Chief Finance Officer on 1 May 2012 and was appointed to the Tharisa board on 30 January 2013. The Company will commence the process of finding a suitable replacement, evaluating both internal and external candidates, and shareholders will be advised once the appointment of the new Chief Finance Officer has been finalised. Michael will assist the Group during the process and provide support to ensure a seamless handover of responsibilities.お知らせ • Jan 08+ 1 more updateTharisa plc to Report First Half, 2026 Results on May 22, 2026Tharisa plc announced that they will report first half, 2026 results on May 22, 2026Declared Dividend • Dec 30Final dividend of US$0.015 announcedShareholders will receive a dividend of US$0.015. Ex-date: 25th February 2026 Payment date: 11th March 2026 Dividend yield will be 2.1%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (11% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 86 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Dec 19Tharisa plc, Annual General Meeting, Feb 18, 2026Tharisa plc, Annual General Meeting, Feb 18, 2026, at 11:00 GTB Standard Time. Location: first floor, office 108, s. pittokopitis business centre, 17 neophytou nicolaides and kilkis streets, paphos, Cyprusお知らせ • Dec 01Tharisa plc Proposes Final Gross Cash Dividend for the Financial Year Ended 30 September 2025, Payable on 11 March 2026Tharisa plc announced that Shareholders are advised that the board has resolved to propose a final gross cash dividend of US 1.5 cents per ordinary share for the financial year ended 30 September 2025, such dividend being payable to shareholders registered on the register of members of Tharisa as of the close of business on the record date, being Friday, 27 February 2026. If approved by shareholders, the recommended dividend will be paid on Wednesday, 11 March 2026. Shares will trade ex-dividend rights on the JSE from 25 February 2026, Shares will trade ex-dividend rights on the LSE from 26 February 2026.お知らせ • Nov 28Tharisa plc Announces Appointment of Vasileios Vergopoulos as Independent Non-Executive Director, Member of the Audit Committee, Risk Committee, Climate Change and Sustainability Committee, and Safety, Health, Environment and Community Committee, Effective November 27, 2025Tharisa plc announced that Dr Vasileios Vergopoulos has been appointed to the Board as an independent non-executive director with effect from 27 November 2025. Dr Vergopoulos holds aBachelor of Education from the Thessaloniki University, Greece and a Master of Chemistry and a Ph.D. in Chemistry from Hamburg University, Germany. He is the former Managing Director of BASF Metals Limited and the Global Commercial Vice President of the BASF Precious Metals Service Business. Prior to this, he was the Head of BASF's Refining Catalyst Business for Europe, the Middle East and Africa, based in the United Kingdom. He has over 30 years' experience in business management, operations management, the gas and oil industry, chemical catalyst manufacturing, e-business, sales and marketing, strategic procurement, and precious metals trading. He has held various senior and executive level management positions with BASF, BP and W.R. Grace in Germany, the USA and the United Kingdom. Dr Vergopouloswill be serving as member of the Audit Committee, Risk Committee, Climate Change and Sustainability Committee, and Safety, Health, Environment and Community Committee of Tharisa.お知らせ • Oct 14Tharisa plc Provides Production Guidance for Fiscal Year 2026Tharisa plc provided production guidance for fiscal year 2026. For the year, the company expects Production guidance for FY2026 is set at between 145 koz and 165 koz PGMs (6E basis) and 1.50 Mt to 1.65 Mt of chrome concentrates.お知らせ • Oct 03Tharisa plc Provides an Update on the Tharisa Mine's Phased Transition to Underground MiningTharisa plc provided an update on the Tharisa Mine's phased transition to underground mining. Highlights - Natural transition in the life of mine development, from a large-scale open pit mine, which will sustainably access the mine's multigenerational mineral resource base - The Tharisa Mine is poised to enhance operational efficiency, environmental stewardship and long-term value creation - With the Mineral Reserves extending beyond the open pit shell, the underground expansion offers a high confidence, low geological risk opportunity to sustain the Tharisa Mine for in excess of 50 years - The existing processing facilities have a capacity of 5.6 Mtpa of run of mine (ROM) ensuring production scalability and operational flexibility - The life of mine (LOM) schedule provides for the open pit operations being depleted by FY2035 - The addition of underground mined ore from West Mine (Apollo Complex) and East Mine (Orion Complex) from 2031 will ensure that the nameplate processing capacity of 5.6 MtPA is achieved and exceeded - Both the Apollo and Orion complexes, which will be developed sequentially, have been designed to mine 255 ktpm at steady state with a combined production rate of 510 ktpm, capped at the plant feed capacity of 5.6 Mt Pa, thus maintaining current PGM and chrome concentrate output with growth opportunities due to smarter mining and less dilution - Deployment of a mining contractor model - Transitional capital for the dual project development over the ten-year period is USD 547 million with peak funding of USD 173 million, to be financed by internal cash and external funding lines utilising balance sheet flexibility.お知らせ • Aug 22Tharisa plc to Report Fiscal Year 2025 Results on Dec 01, 2025Tharisa plc announced that they will report fiscal year 2025 results on Dec 01, 2025お知らせ • Jul 08Tharisa plc (JSE:THA) commences an Equity Buyback for 30,259,674 shares, representing 10% of its issued share capital, under tje authorization approved on February 19, 2025.Tharisa plc (JSE:THA) commences a share repurchases on June 27, 2025, under the program mandated by the shareholders in the Annual General Meeting held on February 19, 2025. As per the mandate, the company is authorized to repurchase up to 30,259,674 shares, representing 10% of its issued share capital. The maximum premium at which shares may be repurchased will be 3% of the volume weighted average price at which shares are traded on the JSE, as determined over the five trading days immediately preceding the date of repurchase of shares by the company. At any point in time, the company will only appoint one agent to effect any repurchase on the company’s behalf. The company may only undertake a repurchase of securities if, after such repurchase, it still complies with minimum shareholder spread requirements in accordance with the Listings Requirements of the JSE. The company or its subsidiaries will not repurchase securities during a prohibited period in accordance with the Listings Requirements of the JSE. The company will make a public announcement for every repurchase of 3% of the share capital. The share repurchase program shall expire at the earliest of the conclusion of the next Annual General Meeting , or after 12 months. As of February 19, 2025, the company has 302 596 743 shares in issue. On May 29, 2025, the company initiated a Market Repurchase. Under the program, the company will repurchase up to $5 million worth of its shares. The shares will be repurchased at the price which shall not exceed the lesser of 5% of the weighted average of the market price at which such ordinary shares are traded on the Johannesburg Stock Exchange as determined over the five business days immediately preceding the date of the repurchase of such ordinary shares by the company; and the price quoted for the last independent trade of, or the highest current independent bid for any number of shares on the JSE where the repurchase is carried out. The repurchased shares will be held in treasury for a period not exceeding two calendar years from the repurchase date and, if not issued during that period, they are required to be cancelled. The repurchases will commence from June 2, 2025 and the program will run until the earliest February 18, 2026, or when the maximum amount has been purchased, or on instruction from the company.お知らせ • May 22Tharisa plc Declares Interim Dividend, Payable on 25 June 2025Tharisa plc declared interim cash dividend of 1.5 US cents per ordinary share has been declared. The interim dividend will be paid on 25 June 2025 and will be paid from income reserves. Record date for payment on both JSE and LSE: 13 June 2025.お知らせ • Apr 22Tharisa plc Provides Update on Karo Platinum PGE ProjectTharisa plc announced that it has uploaded the Independent Competent Persons' Report on the Karo Platinum PGE Project in Zimbabwe dated 9 April 2025. The CPR has been commissioned to comply with the regulations of the JSE for listed companies, with the purpose of presenting the Mineral Resources and Mineral Reserves of the Project and of valuing the mineral asset. The CPR is compiled in compliance with the South African Code for Reporting of Exploration Results, Mineral Resources and Mineral Reserves (2016 Edition) (SAMREC Code), and the South African Code for the Reporting of Mineral Asset Valuation (2016 Edition) (SAMVAL Code). All requirements of Section 12.10 of the JSE Listings Requirements for Mineral Companies and the SAMREC Code and SAMVAL Code have been complied with. The Competent Persons responsible for this CPR are Kenneth Graham Lomberg (Geology and Mineral Resources), Otto Wilhelm Warschkuhl (Mineral Processing, Mineral Extraction, and Mineral Reserves) and Jacobus Adriaan Myburgh (Mineral Economics). Iaan Myburgh also acts as the Competent Valuator for this CPR. Karo Platinum is a PGM asset under construction, located some 85 km west-southwest of Harare in the Mashonaland West Province of Zimbabwe. Mine development will initially comprise the sequential development of four open pits. Ore will be processed at an on-site, 220 ktpm processing facility. All licences and permits are held in the name of Karo Platinum. Karo Platinum has addressed Zimbabwean legal compliance requirements, including Licensing and environmental and social aspects. There are no major risks identified in association with the current and planned permitting.お知らせ • Feb 22Tharisa plc Approve Final Dividend, Payable on 12 March 2025Tharisa plc announced at annual general meeting of shareholders held on 19 February 2025, the shareholders approved final dividend of 3.0 US cents per share. Last day to trade cum-dividend rights on the JSE: 25 February 2025. Last day to trade cum-dividend rights on the LSE: 26 February 2025. Shares will trade ex-dividend rights on the JSE from: 26 February 2025. Shares will trade ex-dividend rights on the LSE from 27 February 2025. Record date for payment on both JSE and LSE: 28 February 2025. Dividend payment date: 12 March 2025.お知らせ • Dec 21Tharisa plc, Annual General Meeting, Feb 19, 2025Tharisa plc, Annual General Meeting, Feb 19, 2025, at 11:00 GTB Standard Time. Location: first floor, office 108 s. pittokopitis business centre, 17 neophytou nicolaides and kilkis streets, paphos Cyprusお知らせ • Dec 12Tharisa plc to Report First Half, 2025 Results on May 23, 2025Tharisa plc announced that they will report first half, 2025 results on May 23, 2025お知らせ • Nov 28Tharisa plc Proposes A Final Gross Cash Dividend for the Financial Year Ended 30 September 2024, Payable on 12 March 2025The Shareholders of Tharisa plc are advised that the board has resolved to propose a final gross cash dividend of 3.0 US cents per ordinary share for the financial year ended 30 September 2024, such dividend being payable to shareholders registered on the register of members of Tharisa as of the close of business on the record date, being 28 February 2025. If approved by shareholders, the recommended dividend will be paid on 12 March 2025. Shares will trade ex-dividend rights on the JSE from 26 February 2025. Shares will trade ex-dividend rights on the LSE from 27 February 2025.New Risk • Oct 16New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.6% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (10% net profit margin).お知らせ • Oct 10Tharisa plc Provides Production Guidance for Fiscal Year 2025Tharisa plc provided production guidance for fiscal year 2025. For the period, the company expects Production guidance between 140 koz and 160 koz PGMs (6E basis) and 1.65 Mt to 1.8 Mt of chrome concentrates.New Risk • Aug 29New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 4.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.4% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (10% net profit margin).New Risk • Jul 10New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.6% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.9% average weekly change). Profit margins are more than 30% lower than last year (10% net profit margin).お知らせ • Jul 10Tharisa plc Provides Production Guidance for Fiscal Year 2024Tharisa plc provided production guidance for fiscal year 2024. For fiscal year 2024, the company expects Production guidance between 145 koz and 155 koz PGMs (6E basis) and 1.7 Mt to 1.8 Mt of chrome concentrates.Reported Earnings • May 28First half 2024 earnings released: EPS: US$0.13 (vs US$0.17 in 1H 2023)First half 2024 results: EPS: US$0.13 (down from US$0.17 in 1H 2023). Revenue: US$369.1m (up 10% from 1H 2023). Net income: US$38.4m (down 26% from 1H 2023). Profit margin: 10% (down from 16% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings.Declared Dividend • May 26First half dividend of R0.27 announcedShareholders will receive a dividend of R0.27. Ex-date: 12th June 2024 Payment date: 26th June 2024 Dividend yield will be 35%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (22% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 66 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 94% over the next 3 years. Since a fall of 76% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.お知らせ • May 23Tharisa plc Declares Interim Dividend, Payable on 26 June 2024Tharisa plc announced that an interim dividend of 1.5 US cents per ordinary share has been declared. The interim dividend will be paid on 26 June 2024 and will be paid from income reserves. Record date for payment on both JSE and LSE: 14 June 2024; Last day to trade cum-dividend rights on the JSE: 11 June 2024; Last day to trade cum-dividend rights on the LSE: 12 June 2024.お知らせ • Apr 10Tharisa plc Provides Production Guidance for the Fiscal Year 2024Tharisa plc provided production guidance for the fiscal year 2024. Production guidance for fiscal year 2024 remains between 145 koz and 155 koz PGMs (6E basis) and 1.7 Mt to 1.8 Mt of chrome concentrates.お知らせ • Mar 26Tharisa plc (JSE:THA) announces an Equity Buyback for $5 million worth of its shares.Tharisa plc (JSE:THA) announces a share repurchase program. Under the program, the company will repurchase up to $5 million worth of its shares. The shares will be repurchased at the price which shall not exceed the lesser of 5% of the weighted average of the market price at which such ordinary shares are traded on the Johannesburg Stock Exchange as determined over the five business days immediately preceding the date of the repurchase of such ordinary shares by the company; and the price quoted for the last independent trade of, or the highest current independent bid for any number of shares on the JSE where the repurchase is carried out. The repurchased shares will be held in treasury for a period not exceeding two calendar years from the repurchase date and, if not issued during that period, they are required to be cancelled. The program run until the earliest February 21, 2025, or when the maximum amount has been purchased, or on instruction from the company.Board Change • Feb 26Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Non-Executive Director Roger Davey was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Feb 22Tharisa plc Approves Final Dividend, Payable on 13 March 2024Tharisa plc at the Annual General Meeting of shareholders held on 21 February 2024, approved a final dividend of US 2.0 cents per ordinary share. Dividend payment date is 13 March 2024. Last day to trade cum-dividend rights on the JSE is 27 February 2024. Last day to trade cum-dividend rights on the LSE is 28 February 2024. Record date for payment on both JSE and LSE is 1 March 2024. Shares will trade ex-dividend rights on the JSE from 28 February 2024. Shares will trade ex-dividend rights on the LSE from 29 February 2024.Upcoming Dividend • Feb 21Upcoming dividend of US$0.02 per shareEligible shareholders must have bought the stock before 28 February 2024. Payment date: 13 March 2024. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 7.1%. Within top quartile of German dividend payers (5.2%). Higher than average of industry peers (5.9%).お知らせ • Jan 11Tharisa plc Provides Production Guidance for the Fiscal Year 2024Tharisa plc provided production guidance for the fiscal year 2024. Production guidance for fiscal year 2024 is set between 145 koz and 155 koz PGMs (6E basis) and 1.7 Mt to 1.8 Mt of chrome concentrates.お知らせ • Jan 10+ 3 more updatesTharisa plc to Report Fiscal Year 2024 Results on Oct 10, 2024Tharisa plc announced that they will report fiscal year 2024 results on Oct 10, 2024お知らせ • Dec 23Tharisa plc, Annual General Meeting, Feb 21, 2024Tharisa plc, Annual General Meeting, Feb 21, 2024, at 09:00 Coordinated Universal Time. Location: First Floor, Office 108 S. Pittokopitis Business Centre 17 Neophytou Nicolaides and Kilkis Streets Paphos Cyprus Agenda: To receive the audited annual financial statements for the year ended 30 September 2023, including the management report and the report of the independent auditor, such annual financial statements having been approved by the Board on 12 December 2023; to consider appointment of external auditor; to consider election of director appointed by the Board; to consider re-election of director retiring by rotation; to consider general authority to directors to allot and issue ordinary shares; and to consider other matters.お知らせ • Dec 21Tharisa plc Announces Executive ChangesThe Board of Tharisa plc announced that Ms. Gloria Zvaravanhu will be appointed to the Board as an independent non-executive director with effect from the conclusion of the AGM to be held on or about 21 February 2024.Ms. Zvaravanhu, a Zimbabwean national, is a registered Chartered Accountant in both Zimbabwe and South Africa. She holds aBachelor of Accounting (B. Acc) degree from Rhodes University, a Master's in Business Leadership (MBL) from the Unisa Graduate School and a Master's Degree in Law (LLM) from the University of Cumbria, United Kingdom. She is currently studying towards an MSc in Business Psychology, as she follows her passion for leadership development and coaching. Ms. Zvaravanhu has over 22 years' experience and is currently the Managing Director of a leading short-term insurance company in Zimbabwe. She has previously served as the CEO of the Institute of Chartered Accountants of Zimbabwe. She also actively serves the accounting profession as an advisory group member of the International Federation of Accountants (IFAC). Her current non-executive directorships include Securico Security Services Limited (Board Chairman) and Karo Mining Holdings plc, a Tharisa Group company (non-executive director and Chairman of the Audit Committee). She has received a number of awards and achievements in both her professional and academic careers. Ms Zvaravanhu will be serving as member of the Risk Committee and Climate Change and Sustainability Committee of Tharisa and will be the Chairman of the Audit Committee. She will be replacing Mr. Antonis Djakouris, the current Chairman of the Audit Committee and Risk Committee, as member of the Board and Chairman of the Audit Committee. Mr. Djakouris will retire by rotation at the upcoming AGM and will not be available for re-election. Mr. Djakouris has served on the Tharisa Board since October 2011 and has made an invaluable contribution to the Board. His dedication, insight, and unwavering commitment have played an instrumental role in shaping the success and growth of Tharisa. Throughout his tenure, his expertise and ability to provide constructive feedback, ask insightful questions, and offer wise counsel have greatly enriched the Board's decision-making processes. Over and above his professional expertise, his integrity, reliability, and passion for Tharisa's mission have set an exemplary standard for all those fortunate enough to work alongside him. The Company and the Board wish Mr. Djakouris well.Reported Earnings • Dec 18Full year 2023 earnings released: EPS: US$0.27 (vs US$0.54 in FY 2022)Full year 2023 results: EPS: US$0.27 (down from US$0.54 in FY 2022). Revenue: US$649.9m (down 5.3% from FY 2022). Net income: US$82.2m (down 47% from FY 2022). Profit margin: 13% (down from 22% in FY 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat.お知らせ • Dec 14Tharisa plc Proposes A Final Gross Cash Dividend for the Financial Year Ended 30 September 2023, Payable on 13 March 2024The Shareholders of Tharisa plc are advised that the board has resolved to propose a final gross cash dividend of 2.0 US cents per ordinary share for the financial year ended 30 September 2023, such dividend being payable to shareholders registered on the register of members of Tharisa as of the close of business on the record date, being 1 March 2024. If approved by shareholders, the recommended dividend will be paid on 13 March 2024.New Risk • Nov 03New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 5.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 5.4% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.3% average weekly change).お知らせ • Oct 17Tharisa plc Provides Production Guidance for the Fiscal Year 2024Tharisa plc provided production guidance for the fiscal year 2024. Production guidance for fiscal year 2024 is set between 145 koz and 155 koz PGMs (6E basis) and 1.7 Mt to 1.8 Mt of chrome concentrates.お知らせ • Oct 05+ 1 more updateTharisa plc to Report Fiscal Year 2023 Results on Dec 04, 2023Tharisa plc announced that they will report fiscal year 2023 results on Dec 04, 2023お知らせ • Sep 28Tharisa plc Announces Executive ChangesThe board of directors of Tharisa plc announced that Mr. Zhongliang Hong has resigned as a non-executive director and member of the Risk and Climate Change and Sustainability Committees with effect from 30 September 2023. The Board announced that Mr. Chen Hao has been appointed to the Board as a non-executive director with effect from 1 October 2023. Mr. Chen holds abachelor's degree in Micro-electronics from Fudan University, Shanghai, China. He has more than 18 years' experience as an Engineer, Foreign Trade Manager and General Manager. He has been the General Manager at Fujian Liju Logistics Company in China since September 2014. Prior to this position, he had been a Foreign Trade Manager at Guangxi Shenglong Metallurgy Co. Ltd., China between December 2013 and August 2014, and an Engineer at APEX Information Services in the USA from August 2012 to November 2013. He had also held the position of Engineer at Calvin Wireless, New York, USA between February 2012 and July 2012. Between August 2006 and January 2012, he had held two Research Assistant positions, the first at the University of Viginia, USA (August 2006 to December 2009) and at the Tandon School of Engineering, at the University of New York, USA (January 2010 to January 2012). Following his graduation in July 2005, he had worked as Experimental Technician at the Shanghai Institute of Microsystem and Information Technology at the Chinese Academy of Sciences until July 2006. Mr. Chen will be serving on the Risk and Climate Change and Sustainability Committees of the company.Recent Insider Transactions • Jul 23Chief Operating Officer recently sold €72k worth of stockOn the 20th of July, Michelle Taylor sold around 75k shares on-market at roughly €0.95 per share. This transaction amounted to 9.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Michelle has been a net seller over the last 12 months, reducing personal holdings by €150k.New Risk • Jul 20New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Upcoming Dividend • May 31Upcoming dividend of R0.58 per share at 5.5% yieldEligible shareholders must have bought the stock before 07 June 2023. Payment date: 21 June 2023. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 5.5%. Within top quartile of German dividend payers (4.8%). Lower than average of industry peers (9.0%).Valuation Update With 7 Day Price Move • May 26Investor sentiment improves as stock rises 34%After last week's 34% share price gain to €1.25, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 7x in the Metals and Mining industry in Europe. Total loss to shareholders of 18% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €0.51 per share.Reported Earnings • May 21First half 2023 earnings released: EPS: US$0.17 (vs US$0.33 in 1H 2022)First half 2023 results: EPS: US$0.17 (down from US$0.33 in 1H 2022). Revenue: US$335.3m (flat on 1H 2022). Net income: US$52.0m (down 42% from 1H 2022). Profit margin: 16% (down from 27% in 1H 2022). Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat.お知らせ • May 19Tharisa plc Announces Interim Dividend, Payable on 21 June 2023Tharisa plc Announced An interim dividend of US 3.0 cents per ordinary share has been declared. The interim dividend will be paid on 21 June 2023 and will be paid from income reserves. Record date for payment on both JSE and LSE on 9 June 2023. Last day to trade cum-dividend rights on the JSE is 6 June 2023. Last day to trade cum-dividend rights on the LSE is 7 June 2023. Shares will trade ex-dividend rights on the JSE is 7 June 2023. Shares will trade ex-dividend rights on the LSE is 8 June 2023.Recent Insider Transactions • Feb 05CFO & Director recently sold €102k worth of stockOn the 31st of January, Michael Jones sold around 88k shares on-market at roughly €1.16 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Michael's only on-market trade for the last 12 months.お知らせ • Jan 11Tharisa plc Announces Production Guidance for 2023Tharisa plc announced production guidance maintained at between 175 koz and 185 koz PGMs (6E basis) and 1.75 Mt to 1.85 Mt of chrome concentrates.お知らせ • Jan 07+ 1 more updateTharisa plc to Report First Half, 2023 Results on May 25, 2023Tharisa plc announced that they will report first half, 2023 results on May 25, 2023お知らせ • Dec 22Tharisa plc, Annual General Meeting, Feb 22, 2023Tharisa plc, Annual General Meeting, Feb 22, 2023, at 11:00 E. Europe Standard Time.Reported Earnings • Dec 07Full year 2022 earnings released: EPS: US$0.54 (vs US$0.37 in FY 2021)Full year 2022 results: EPS: US$0.54 (up from US$0.37 in FY 2021). Revenue: US$686.0m (up 15% from FY 2021). Net income: US$153.9m (up 53% from FY 2021). Profit margin: 22% (up from 17% in FY 2021). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 3.0% decline forecast for the Metals and Mining industry in Europe.Board Change • Nov 16Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. Non-Executive Director Shelley Wai was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • Oct 11Tharisa plc Provides Production Guidance for the Year 2023Tharisa plc provided Production Guidance for the Year 2023. Production guidance for fiscal year 2023 is set between 175 koz and 185 koz PGMs (6E basis)and 1.75 Mt to 1.85 Mt of chrome concentrates.Recent Insider Transactions • Sep 09Executive Chairman of the Board recently bought €86k worth of stockOn the 5th of September, Loucas Pouroulis bought around 70k shares on-market at roughly €1.23 per share. This transaction amounted to 6.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Loucas' only on-market trade for the last 12 months.Valuation Update With 7 Day Price Move • Jul 16Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €1.08, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 4x in the Metals and Mining industry in Europe. Total loss to shareholders of 24% over the past year.お知らせ • Jul 14Tharisa plc Provides Production Guidance for the Year 2022Tharisa plc announced that 2022 production guidance maintained at between 165 koz and 175 koz PGMs (6E basis). Guidance for chrome production is reduced by 10% to between 1.55 Mt and 1.65 Mt due to lower chrome feed grade and slower Vulcan Plant ramp-up.Upcoming Dividend • Jun 07Upcoming dividend of R0.47 per shareEligible shareholders must have bought the stock before 14 June 2022. Payment date: 29 June 2022. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 4.5%. Within top quartile of German dividend payers (4.2%). Lower than average of industry peers (7.4%).お知らせ • May 28Tharisa plc Announces Interim Dividend, Payable on 29 June 2022Tharisa plc announced An interim dividend of USD 3.0 cents per ordinary share. The interim dividend will be paid on, 29 June 2022 and will be paid from income reserves. Shareholders on the principal Cyprus register will be paid in United States Dollar (USD), shareholders whose shares are held through Central Securities Depositary Participants (CSDPs) and brokers and are traded on the JSE will be paid in South African Rand (ZAR) and holders of Depositary Interests traded on the LSE will be paid in Sterling (GBP). The currency equivalents of the dividend, based on the weighted average of the South African Reserve Bank's daily rate at approximately 10:30 (UTC +2) on 24 May 2022, being the currency conversion date, are as follows: South Africa - JSE. Exchange rate. ZAR 15.76680/USD. Dividend per share in payment currency: 47.30040 South African cents per share. United Kingdom - LSE. Exchange rate. ZAR GBP 0.79681/USD. Dividend per share in payment currency: 2.39044 pence per share.Board Change • Apr 29Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. Non-Executive Director Shelley Wai was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improved over the past weekAfter last week's 17% share price gain to €2.12, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Metals and Mining industry in Europe. Total returns to shareholders of 40% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €3.75 per share.お知らせ • Mar 03Tharisa Undertakes Long-Term Production Tests with Liebherr on Its ‘Road’ to Reducing Carbon EmissionsTharisa, the platinum group metals (PGMs) and chrome co-producer listed on the Johannesburg and London stock exchanges, announces that three Liebherr mining machines with more efficient engines and fuel systems have been delivered to the Tharisa Mine and have begun operational testing. The partnershipwith Liebherr is part of Tharisa's ESG initiative to reduce its carbon footprint. The two T 236 mining trucks with a capacity of 100 metric tonnes and one 72 ton PR 776 dozer, both of which use the latest generation diesel engine technology with the T236s using Cummins QST 30 engines and the PR 776 utilising the Liebherr D9512 engine, are characterised by low-level fuel consumption, and will be fully stress-tested under operational conditions for 18 months. They will operate as part of the production fleet under supervision of both Tharisa's mining team and Liebherr Mining Africa. These diesel-electric mining trucks' drive train technology benefit from improved fuel economy due to their efficient engine and fuel system, advanced airflow system as well as low-end torque performance and emissions capability. The trucks' continuous drive system technology will be field tested to determine whether the machines can withstand the climatic and geomorphological makeup of the hard rock mining of the Bushveld Complex. The aim of the long-term, real-life tests is to ensure the trucks reduce diesel consumption and costs while testing the machines' ability to deliver a minimised environmental footprint, and still delivering on production metrics, as part of Tharisa's drive for a more sustainable mining environment. One of Tharisa's core values is safety and the T236 has a variety of operational safety features such as payload warnings, anti-rollback features, engine shutdown switches in the cab and at ground level, and an integrated four corner park brake system. These safety systems are in line with the current specifications of the existing truck fleet operating at the Tharisa Mine and will ensure the continued safety and wellbeing of our taff and contractors as they work on site. The PR 776 dozer has a high-efficiency rating of the hydrostatic drive across the entire vehicle speed range, which further minimises fuel consumption and ensures reduced levels of carbon dioxide emissions.お知らせ • Feb 24+ 1 more updateTharisa plc Approves Final Dividend for 2021Tharisa plc at the Annual General Meeting of shareholders held on 23 February 2022 approved the final dividend of 5.0 USD cents per share having been approved by shareholder.Upcoming Dividend • Feb 23Upcoming dividend of US$0.05 per shareEligible shareholders must have bought the stock before 02 March 2022. Payment date: 16 March 2022. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 4.8%. Within top quartile of German dividend payers (3.4%). Lower than average of industry peers (7.9%).Valuation Update With 7 Day Price Move • Feb 18Investor sentiment improved over the past weekAfter last week's 17% share price gain to €1.81, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Metals and Mining industry in Europe. Total returns to shareholders of 17% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €1.21 per share.お知らせ • Feb 17+ 1 more updateTharisa plc (JSE:THA) entered into Sales of Shares Agreement to acquire the remaining 6% stake in Tharisa Minerals (Pty) Ltd. from Tharisa Community Trust for ZAR 90 million.Tharisa plc (JSE:THA) entered into Sales of Shares Agreement to acquire the remaining 6% stake in Tharisa Minerals (Pty) Ltd. from Tharisa Community Trust for ZAR 90 million on February 15, 2022. Tharisa plc (JSE:THA) entered into Sales of Shares Agreement to acquire on February 15, 2022. The consideration being settled through the issue of 3,208,556 new ordinary shares in Tharisa. In a related transaction, Tharisa entered into Sales of Shares Agreement to acquire an additional 20% stake in Tharisa Minerals (Pty) Ltd. from Thari Resources Proprietary Limited for approximately ZAR 300 million. For the financial year ended September 30, 2021, Tharisa Minerals reported net assets of ZAR 527.9 million. The transaction remains unconditional.お知らせ • Feb 15Tharisa Commences Negotiations for Acquisitions of Minority Shareholdings in Tharisa Minerals ProprietaryShareholders are advised that Tharisa plc has commenced negotiations for the acquisition of the minority shareholdings in Tharisa Minerals Proprietary Limited ("Tharisa Minerals (Pty) Ltd."), in which Tharisa currently owns 74% of the issued ordinary share capital. There is no certainty as to the outcome of these negotiations.Valuation Update With 7 Day Price Move • Jan 17Investor sentiment improved over the past weekAfter last week's 16% share price gain to €1.64, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Metals and Mining industry in Europe. Total returns to shareholders of 24% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €0.94 per share.お知らせ • Jan 13Tharisa plc Provides Production Guidance for the Fiscal Year 2022Tharisa plc provided production guidance for the fiscal year 2022. For the year, the company expects production guidance of 165 koz to 175 koz PGMs (6E basis) and 1.75 Mt to 1.85 Mt of chrome concentrates. COVID-19 remains a risk to the company, and guidance is premised on the current level of economic activity being maintained.Board Change • Dec 06Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. Non-Executive Director Shelley Wai was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Dec 03Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: US$0.37 (up from US$0.16 in FY 2020). Revenue: US$596.3m (up 47% from FY 2020). Net income: US$100.5m (up 132% from FY 2020). Profit margin: 17% (up from 11% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 12%. Over the next year, revenue is forecast to grow 4.4%, compared to a 13% growth forecast for the mining industry in Germany.お知らせ • Nov 25Tharisa plc Provides Earnings Guidance for the Year Ended September 30, 2021Tharisa plc provided earnings guidance for the year ended September 30, 2021. Tharisa's basic earnings per share ('EPS') and headline earnings per share ('HEPS') for the twelve months ended 30 September 2021 are expected to be between USD 37 cents and USD 38 cents per share with a tolerance of 10%. This is an increase of between 128% and 134% relative to the EPS of USD 16.2 cents per share for the year ended 30 September 2020 and an increase of between 119% and 125% relative to the HEPS of USD 16.9 cents per share for the financial year ended 30 September 2020.Valuation Update With 7 Day Price Move • Oct 12Investor sentiment improved over the past weekAfter last week's 16% share price gain to €1.41, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Metals and Mining industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €1.54 per share.Valuation Update With 7 Day Price Move • Aug 21Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to US$1.28, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 7x in the Metals and Mining industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €1.48 per share.Board Change • Aug 05Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. Non-Executive Director Shelley Wai was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Jun 08Upcoming dividend of R0.55 per shareEligible shareholders must have bought the stock before 15 June 2021. Payment date: 30 June 2021. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (4.4%).Reported Earnings • May 29First half 2021 earnings released: EPS US$0.21 (vs US$0.036 in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: US$313.6m (up 61% from 1H 2020). Net income: US$57.4m (up US$47.9m from 1H 2020). Profit margin: 18% (up from 4.9% in 1H 2020). The increase in margin was driven by higher revenue.お知らせ • May 28Tharisa plc Declares Interim Dividend for the Six Months Ended 31 March 2021, Payable on June 30, 2021Tharisa plc announced an interim dividend of US 4.0 cents per ordinary share has been declared. The interim dividend will be paid on 30 June 2021 and will be paid from income reserves. Shares will trade ex-dividend rights on the JSE is 15 June 2021. Shares will trade ex-dividend rights on the LSE is 17 June 2021. Record date for payment on both JSE and LSE is 18 June 2021.お知らせ • May 06Tharisa plc (JSE:THA) entered into a sale and purchase agreement to acquire Salene Chrome Zimbabwe (Pvt) Limited from Leto Settlement Trust for $13 million.Tharisa plc (JSE:THA) entered into a sale and purchase agreement to acquire Salene Chrome Zimbabwe (Pvt) Limited from Leto Settlement Trust for $13 million on May 5, 2021. Under the terms, Tharisa Plc will pay cash consideration of $3 million and $10 million commission to Leto Settlement subject to profitability measures. The consideration amount will be funded from cash resources. The transaction was approved by the board of Tharisa plc. The Acquisition is subject to approval by the Zimbabwean Reserve Bank. Minxcon (Pty) Ltd acted as independent expert to Tharisa Plc.お知らせ • Apr 14Tharisa plc Announces Production Guidance for the Financial Year 2021Tharisa plc announces production guidance for the financial year 2021. For the year, guidance is maintained at 155 koz to 165 koz PGMs (6E basis) and 1.45 Mt to 1.55 Mt of chrome concentrates. COVID-19 remains a risk to the Company and forecasts and guidance are premised on the current level of economic activity being maintained.Valuation Update With 7 Day Price Move • Mar 20Investor sentiment improved over the past weekAfter last week's 16% share price gain to US$1.78, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 10x in the Metals and Mining industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €0.90 per share.お知らせ • Jan 26Tharisa plc to Report Q2, 2021 Results on May 27, 2021Tharisa plc announced that they will report Q2, 2021 results on May 27, 2021お知らせ • Jan 22Tharisa plc Appoints Shelley Wai Man Lo as Non-Executive DirectorTharisa plc announced that Ms. Shelley Wai Man Lo will be appointed to the Board as a non-executive director with effect from the conclusion of the AGM to be held on 10 February 2021.Valuation Update With 7 Day Price Move • Jan 05Investor sentiment improved over the past weekAfter last week's 35% share price gain to US$1.63, the stock is trading at a trailing P/E ratio of 11.5x, up from the previous P/E ratio of 8.5x. This compares to an average P/E of 15x in the Metals and Mining industry in Europe.財務状況分析短期負債: 7YZの 短期資産 ( $419.8M ) が 短期負債 ( $182.8M ) を超えています。長期負債: 7YZの短期資産 ( $419.8M ) が 長期負債 ( $276.8M ) を上回っています。デット・ツー・エクイティの歴史と分析負債レベル: 7YZ総負債よりも多くの現金を保有しています。負債の削減: 7YZの負債対資本比率は、過去 5 年間で8.7%から14.4%に増加しました。債務返済能力: 7YZの負債は 営業キャッシュフロー によって 十分にカバー されています ( 120.7% )。インタレストカバレッジ: 7YZ支払う利息よりも稼ぐ利息の方が多いので、利息支払い の補償は問題になりません。貸借対照表健全な企業の発掘7D1Y7D1Y7D1YMaterials 業界の健全な企業。View Dividend企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/07/13 19:04終値2026/07/10 00:00収益2026/03/31年間収益2025/09/30データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Tharisa plc 3 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。9 アナリスト機関Richard HatchBerenbergAlexander Robert PearceBMO Capital Markets Equity ResearchFrederic BoltonBMO Capital Markets Equity Research6 その他のアナリストを表示
Valuation Update With 7 Day Price Move • Jun 11Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €1.26, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 11x in the Metals and Mining industry in Europe. Total returns to shareholders of 44% over the past three years.
Reported Earnings • May 27First half 2026 earnings released: EPS: US$0.16 (vs US$0.025 in 1H 2025)First half 2026 results: EPS: US$0.16 (up from US$0.025 in 1H 2025). Revenue: US$359.4m (up 28% from 1H 2025). Net income: US$46.6m (up US$39.3m from 1H 2025). Profit margin: 13% (up from 2.6% in 1H 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.
Declared Dividend • May 24First half dividend of R0.42 announcedShareholders will receive a dividend of R0.42. Ex-date: 10th June 2026 Payment date: 24th June 2026 Dividend yield will be 29%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (8% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 86 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 11% over the next year. However, it would need to fall by 92% to increase the payout ratio to a potentially unsustainable range.
お知らせ • May 22Tharisa plc Declares Interim Cash Dividend for Six Months Ended 31 March 2026, Payable on 24 June 2026Tharisa plc announced that an interim cash dividend for the six months ended 31 March 2026 of US 2.5 cents per ordinary share has been declared (HY2025: US 1.5 cents). The interim dividend will be paid on 24 June 2026 and will be paid from income reserves. Last day to trade cum-dividend rights on the JSE: 9 June 2026. Last day to trade cum-dividend rights on the LSE: 10 June 2026. Shares will trade ex-dividend rights on the JSE: 10 June 2026. Shares will trade ex-dividend rights on the LSE: 11 June 2026. Record date for payment on both JSE and LSE: 12 June 2026.
お知らせ • May 15Tharisa plc Provides Earnings Guidance for the Six Months Ended 31 March 2026Tharisa plc provided earnings guidance for the six months ended 31 March 2026. For the period, the company's basic earnings per share are expected to be between US 15.3 cents and US 15.8 cents per share. This is an increase of 512.0% to 532.0% relative to the EPS of US 2.5 cents per share for the six months ended 31 March 2025.
お知らせ • Apr 25Tharisa plc Appoints Jacques Breytenbach as Chief Finance Officer Designate, with Effect from 1 May 2026The board of Tharisa plc announced the appointment of Jacques Breytenbach as Chief Finance Officer Designate with effect from 1 May 2026, and as Michael's successor as Chief Finance Officer and as executive director of the board with effect from 1 August 2026. This appointment provides for a comprehensive handover period to ensure continuity and stability within the finance function. Jacques holds a B. Compt. (Hon)/CTA from the University of South Africa and is a qualified Chartered Accountant (South Africa). He is a seasoned Chief Finance Officer and non-executive director with over 25 years' experience in integrated mining operations including the diamond and PGM sectors across Africa. He has extensive experience in the listed environment, across both the Johannesburg and London stock exchanges, as well as capital structuring. His broader expertise encompasses the shaping of financial strategy, optimising return on investment, leading full financial functions across diverse geographies, including South Africa, Tanzania, and other geographies within Sub-Saharan Africa, debt and equity fundraising, and implementing robust governance frameworks and digital systems to support growth in multinational, asset-based organisations. Jacques served as the Chief Financial Officer of Petra Diamonds Limited for eight years from 2016 to 2024, having previously served as Group Finance Manager between 2006 and 2016. Prior to this, he served as Finance Manager at Anglo American Platinum Limited (now Valterra Platinum Limited) from 2001 to 2006. He served as a non-executive director and member of the Audit Committee of Afrimat Limited, from 1 June 2025 to 21 April 2026. Jacques' strong strategic and operational finance experience will add considerable value to the Tharisa Group.
お知らせ • Apr 24Tharisa plc Appoints Jacques Breytenbach as Executive Director, with Effect from 1 August 2026The board of Tharisa plc announced the appointment of Jacques Breytenbach as Chief Finance Officer Designate with effect from 1 May 2026, and as Michael's successor as Chief Finance Officer and as executive director of the board with effect from 1 August 2026. This appointment provides for a comprehensive handover period to ensure continuity and stability within the finance function. Jacques holds a B. Compt. (Hon)/CTA from the University of South Africa and is a qualified Chartered Accountant (South Africa). He is a seasoned Chief Finance Officer and non-executive director with over 25 years' experience in integrated mining operations including the diamond and PGM sectors across Africa. He has extensive experience in the listed environment, across both the Johannesburg and London stock exchanges, as well as capital structuring. His broader expertise encompasses the shaping of financial strategy, optimising return on investment, leading full financial functions across diverse geographies, including South Africa, Tanzania, and other geographies within Sub-Saharan Africa, debt and equity fundraising, and implementing robust governance frameworks and digital systems to support growth in multinational, asset-based organisations. Jacques served as the Chief Financial Officer of Petra Diamonds Limited for eight years from 2016 to 2024, having previously served as Group Finance Manager between 2006 and 2016. Prior to this, he served as Finance Manager at Anglo American Platinum Limited (now Valterra Platinum Limited) from 2001 to 2006. He served as a non-executive director and member of the Audit Committee of Afrimat Limited, a JSE listed company, from 1 June 2025 to 21 April 2026. Jacques' strong strategic and operational finance experience will add considerable value to the Tharisa Group.
お知らせ • Feb 20Tharisa plc Approve Final Dividend, Payable on 11 March 2026Tharisa plc at the Annual General Meeting of shareholders held on 18 February 2026, final dividend of US 1.5 cents per share having been approved by shareholders. Declaration and currency conversion date on 1 December 2025. Currency conversion rates announced on 19 February 2026. Last day to trade cum-dividend rights on the JSE on 24 February 2026. Last day to trade cum-dividend rights on the LSE on 25 February 2026. Shares will trade ex-dividend rights on the JSE from 25 February 2026. Shares will trade ex-dividend rights on the LSE from 26 February 2026. Record date for payment on both JSE and LSE on 27 February 2026. Dividend payment date on 11 March 2026.
お知らせ • Feb 06Tharisa plc Announces Retirement of Michael Jones as Chief Finance Officer, Effective 31 July 2026Tharisa plc announced that in compliance with the JSE Listings Requirements, shareholders are advised that Michael Jones will retire from his position as Chief Finance Officer of Tharisa and its subsidiaries effective 31 July 2026. Michael joined Tharisa as Chief Finance Officer on 1 May 2012 and was appointed to the Tharisa board on 30 January 2013. The Company will commence the process of finding a suitable replacement, evaluating both internal and external candidates, and shareholders will be advised once the appointment of the new Chief Finance Officer has been finalised. Michael will assist the Group during the process and provide support to ensure a seamless handover of responsibilities.
お知らせ • Feb 05Tharisa plc Announces Retirement of Michael Jones as Executive Director, Effective 31 July 2026Tharisa plc announced that in compliance with the JSE Listings Requirements, shareholders are advised that Michael Jones will retire from his position as Executive Director of Tharisa and its subsidiaries effective 31 July 2026. Michael joined Tharisa as Chief Finance Officer on 1 May 2012 and was appointed to the Tharisa board on 30 January 2013. The Company will commence the process of finding a suitable replacement, evaluating both internal and external candidates, and shareholders will be advised once the appointment of the new Chief Finance Officer has been finalised. Michael will assist the Group during the process and provide support to ensure a seamless handover of responsibilities.
お知らせ • Jan 08+ 1 more updateTharisa plc to Report First Half, 2026 Results on May 22, 2026Tharisa plc announced that they will report first half, 2026 results on May 22, 2026
Declared Dividend • Dec 30Final dividend of US$0.015 announcedShareholders will receive a dividend of US$0.015. Ex-date: 25th February 2026 Payment date: 11th March 2026 Dividend yield will be 2.1%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (11% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 86 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Dec 19Tharisa plc, Annual General Meeting, Feb 18, 2026Tharisa plc, Annual General Meeting, Feb 18, 2026, at 11:00 GTB Standard Time. Location: first floor, office 108, s. pittokopitis business centre, 17 neophytou nicolaides and kilkis streets, paphos, Cyprus
お知らせ • Dec 01Tharisa plc Proposes Final Gross Cash Dividend for the Financial Year Ended 30 September 2025, Payable on 11 March 2026Tharisa plc announced that Shareholders are advised that the board has resolved to propose a final gross cash dividend of US 1.5 cents per ordinary share for the financial year ended 30 September 2025, such dividend being payable to shareholders registered on the register of members of Tharisa as of the close of business on the record date, being Friday, 27 February 2026. If approved by shareholders, the recommended dividend will be paid on Wednesday, 11 March 2026. Shares will trade ex-dividend rights on the JSE from 25 February 2026, Shares will trade ex-dividend rights on the LSE from 26 February 2026.
お知らせ • Nov 28Tharisa plc Announces Appointment of Vasileios Vergopoulos as Independent Non-Executive Director, Member of the Audit Committee, Risk Committee, Climate Change and Sustainability Committee, and Safety, Health, Environment and Community Committee, Effective November 27, 2025Tharisa plc announced that Dr Vasileios Vergopoulos has been appointed to the Board as an independent non-executive director with effect from 27 November 2025. Dr Vergopoulos holds aBachelor of Education from the Thessaloniki University, Greece and a Master of Chemistry and a Ph.D. in Chemistry from Hamburg University, Germany. He is the former Managing Director of BASF Metals Limited and the Global Commercial Vice President of the BASF Precious Metals Service Business. Prior to this, he was the Head of BASF's Refining Catalyst Business for Europe, the Middle East and Africa, based in the United Kingdom. He has over 30 years' experience in business management, operations management, the gas and oil industry, chemical catalyst manufacturing, e-business, sales and marketing, strategic procurement, and precious metals trading. He has held various senior and executive level management positions with BASF, BP and W.R. Grace in Germany, the USA and the United Kingdom. Dr Vergopouloswill be serving as member of the Audit Committee, Risk Committee, Climate Change and Sustainability Committee, and Safety, Health, Environment and Community Committee of Tharisa.
お知らせ • Oct 14Tharisa plc Provides Production Guidance for Fiscal Year 2026Tharisa plc provided production guidance for fiscal year 2026. For the year, the company expects Production guidance for FY2026 is set at between 145 koz and 165 koz PGMs (6E basis) and 1.50 Mt to 1.65 Mt of chrome concentrates.
お知らせ • Oct 03Tharisa plc Provides an Update on the Tharisa Mine's Phased Transition to Underground MiningTharisa plc provided an update on the Tharisa Mine's phased transition to underground mining. Highlights - Natural transition in the life of mine development, from a large-scale open pit mine, which will sustainably access the mine's multigenerational mineral resource base - The Tharisa Mine is poised to enhance operational efficiency, environmental stewardship and long-term value creation - With the Mineral Reserves extending beyond the open pit shell, the underground expansion offers a high confidence, low geological risk opportunity to sustain the Tharisa Mine for in excess of 50 years - The existing processing facilities have a capacity of 5.6 Mtpa of run of mine (ROM) ensuring production scalability and operational flexibility - The life of mine (LOM) schedule provides for the open pit operations being depleted by FY2035 - The addition of underground mined ore from West Mine (Apollo Complex) and East Mine (Orion Complex) from 2031 will ensure that the nameplate processing capacity of 5.6 MtPA is achieved and exceeded - Both the Apollo and Orion complexes, which will be developed sequentially, have been designed to mine 255 ktpm at steady state with a combined production rate of 510 ktpm, capped at the plant feed capacity of 5.6 Mt Pa, thus maintaining current PGM and chrome concentrate output with growth opportunities due to smarter mining and less dilution - Deployment of a mining contractor model - Transitional capital for the dual project development over the ten-year period is USD 547 million with peak funding of USD 173 million, to be financed by internal cash and external funding lines utilising balance sheet flexibility.
お知らせ • Aug 22Tharisa plc to Report Fiscal Year 2025 Results on Dec 01, 2025Tharisa plc announced that they will report fiscal year 2025 results on Dec 01, 2025
お知らせ • Jul 08Tharisa plc (JSE:THA) commences an Equity Buyback for 30,259,674 shares, representing 10% of its issued share capital, under tje authorization approved on February 19, 2025.Tharisa plc (JSE:THA) commences a share repurchases on June 27, 2025, under the program mandated by the shareholders in the Annual General Meeting held on February 19, 2025. As per the mandate, the company is authorized to repurchase up to 30,259,674 shares, representing 10% of its issued share capital. The maximum premium at which shares may be repurchased will be 3% of the volume weighted average price at which shares are traded on the JSE, as determined over the five trading days immediately preceding the date of repurchase of shares by the company. At any point in time, the company will only appoint one agent to effect any repurchase on the company’s behalf. The company may only undertake a repurchase of securities if, after such repurchase, it still complies with minimum shareholder spread requirements in accordance with the Listings Requirements of the JSE. The company or its subsidiaries will not repurchase securities during a prohibited period in accordance with the Listings Requirements of the JSE. The company will make a public announcement for every repurchase of 3% of the share capital. The share repurchase program shall expire at the earliest of the conclusion of the next Annual General Meeting , or after 12 months. As of February 19, 2025, the company has 302 596 743 shares in issue. On May 29, 2025, the company initiated a Market Repurchase. Under the program, the company will repurchase up to $5 million worth of its shares. The shares will be repurchased at the price which shall not exceed the lesser of 5% of the weighted average of the market price at which such ordinary shares are traded on the Johannesburg Stock Exchange as determined over the five business days immediately preceding the date of the repurchase of such ordinary shares by the company; and the price quoted for the last independent trade of, or the highest current independent bid for any number of shares on the JSE where the repurchase is carried out. The repurchased shares will be held in treasury for a period not exceeding two calendar years from the repurchase date and, if not issued during that period, they are required to be cancelled. The repurchases will commence from June 2, 2025 and the program will run until the earliest February 18, 2026, or when the maximum amount has been purchased, or on instruction from the company.
お知らせ • May 22Tharisa plc Declares Interim Dividend, Payable on 25 June 2025Tharisa plc declared interim cash dividend of 1.5 US cents per ordinary share has been declared. The interim dividend will be paid on 25 June 2025 and will be paid from income reserves. Record date for payment on both JSE and LSE: 13 June 2025.
お知らせ • Apr 22Tharisa plc Provides Update on Karo Platinum PGE ProjectTharisa plc announced that it has uploaded the Independent Competent Persons' Report on the Karo Platinum PGE Project in Zimbabwe dated 9 April 2025. The CPR has been commissioned to comply with the regulations of the JSE for listed companies, with the purpose of presenting the Mineral Resources and Mineral Reserves of the Project and of valuing the mineral asset. The CPR is compiled in compliance with the South African Code for Reporting of Exploration Results, Mineral Resources and Mineral Reserves (2016 Edition) (SAMREC Code), and the South African Code for the Reporting of Mineral Asset Valuation (2016 Edition) (SAMVAL Code). All requirements of Section 12.10 of the JSE Listings Requirements for Mineral Companies and the SAMREC Code and SAMVAL Code have been complied with. The Competent Persons responsible for this CPR are Kenneth Graham Lomberg (Geology and Mineral Resources), Otto Wilhelm Warschkuhl (Mineral Processing, Mineral Extraction, and Mineral Reserves) and Jacobus Adriaan Myburgh (Mineral Economics). Iaan Myburgh also acts as the Competent Valuator for this CPR. Karo Platinum is a PGM asset under construction, located some 85 km west-southwest of Harare in the Mashonaland West Province of Zimbabwe. Mine development will initially comprise the sequential development of four open pits. Ore will be processed at an on-site, 220 ktpm processing facility. All licences and permits are held in the name of Karo Platinum. Karo Platinum has addressed Zimbabwean legal compliance requirements, including Licensing and environmental and social aspects. There are no major risks identified in association with the current and planned permitting.
お知らせ • Feb 22Tharisa plc Approve Final Dividend, Payable on 12 March 2025Tharisa plc announced at annual general meeting of shareholders held on 19 February 2025, the shareholders approved final dividend of 3.0 US cents per share. Last day to trade cum-dividend rights on the JSE: 25 February 2025. Last day to trade cum-dividend rights on the LSE: 26 February 2025. Shares will trade ex-dividend rights on the JSE from: 26 February 2025. Shares will trade ex-dividend rights on the LSE from 27 February 2025. Record date for payment on both JSE and LSE: 28 February 2025. Dividend payment date: 12 March 2025.
お知らせ • Dec 21Tharisa plc, Annual General Meeting, Feb 19, 2025Tharisa plc, Annual General Meeting, Feb 19, 2025, at 11:00 GTB Standard Time. Location: first floor, office 108 s. pittokopitis business centre, 17 neophytou nicolaides and kilkis streets, paphos Cyprus
お知らせ • Dec 12Tharisa plc to Report First Half, 2025 Results on May 23, 2025Tharisa plc announced that they will report first half, 2025 results on May 23, 2025
お知らせ • Nov 28Tharisa plc Proposes A Final Gross Cash Dividend for the Financial Year Ended 30 September 2024, Payable on 12 March 2025The Shareholders of Tharisa plc are advised that the board has resolved to propose a final gross cash dividend of 3.0 US cents per ordinary share for the financial year ended 30 September 2024, such dividend being payable to shareholders registered on the register of members of Tharisa as of the close of business on the record date, being 28 February 2025. If approved by shareholders, the recommended dividend will be paid on 12 March 2025. Shares will trade ex-dividend rights on the JSE from 26 February 2025. Shares will trade ex-dividend rights on the LSE from 27 February 2025.
New Risk • Oct 16New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.6% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (10% net profit margin).
お知らせ • Oct 10Tharisa plc Provides Production Guidance for Fiscal Year 2025Tharisa plc provided production guidance for fiscal year 2025. For the period, the company expects Production guidance between 140 koz and 160 koz PGMs (6E basis) and 1.65 Mt to 1.8 Mt of chrome concentrates.
New Risk • Aug 29New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 4.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.4% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (10% net profit margin).
New Risk • Jul 10New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.6% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.9% average weekly change). Profit margins are more than 30% lower than last year (10% net profit margin).
お知らせ • Jul 10Tharisa plc Provides Production Guidance for Fiscal Year 2024Tharisa plc provided production guidance for fiscal year 2024. For fiscal year 2024, the company expects Production guidance between 145 koz and 155 koz PGMs (6E basis) and 1.7 Mt to 1.8 Mt of chrome concentrates.
Reported Earnings • May 28First half 2024 earnings released: EPS: US$0.13 (vs US$0.17 in 1H 2023)First half 2024 results: EPS: US$0.13 (down from US$0.17 in 1H 2023). Revenue: US$369.1m (up 10% from 1H 2023). Net income: US$38.4m (down 26% from 1H 2023). Profit margin: 10% (down from 16% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings.
Declared Dividend • May 26First half dividend of R0.27 announcedShareholders will receive a dividend of R0.27. Ex-date: 12th June 2024 Payment date: 26th June 2024 Dividend yield will be 35%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (22% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 66 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 94% over the next 3 years. Since a fall of 76% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.
お知らせ • May 23Tharisa plc Declares Interim Dividend, Payable on 26 June 2024Tharisa plc announced that an interim dividend of 1.5 US cents per ordinary share has been declared. The interim dividend will be paid on 26 June 2024 and will be paid from income reserves. Record date for payment on both JSE and LSE: 14 June 2024; Last day to trade cum-dividend rights on the JSE: 11 June 2024; Last day to trade cum-dividend rights on the LSE: 12 June 2024.
お知らせ • Apr 10Tharisa plc Provides Production Guidance for the Fiscal Year 2024Tharisa plc provided production guidance for the fiscal year 2024. Production guidance for fiscal year 2024 remains between 145 koz and 155 koz PGMs (6E basis) and 1.7 Mt to 1.8 Mt of chrome concentrates.
お知らせ • Mar 26Tharisa plc (JSE:THA) announces an Equity Buyback for $5 million worth of its shares.Tharisa plc (JSE:THA) announces a share repurchase program. Under the program, the company will repurchase up to $5 million worth of its shares. The shares will be repurchased at the price which shall not exceed the lesser of 5% of the weighted average of the market price at which such ordinary shares are traded on the Johannesburg Stock Exchange as determined over the five business days immediately preceding the date of the repurchase of such ordinary shares by the company; and the price quoted for the last independent trade of, or the highest current independent bid for any number of shares on the JSE where the repurchase is carried out. The repurchased shares will be held in treasury for a period not exceeding two calendar years from the repurchase date and, if not issued during that period, they are required to be cancelled. The program run until the earliest February 21, 2025, or when the maximum amount has been purchased, or on instruction from the company.
Board Change • Feb 26Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Non-Executive Director Roger Davey was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Feb 22Tharisa plc Approves Final Dividend, Payable on 13 March 2024Tharisa plc at the Annual General Meeting of shareholders held on 21 February 2024, approved a final dividend of US 2.0 cents per ordinary share. Dividend payment date is 13 March 2024. Last day to trade cum-dividend rights on the JSE is 27 February 2024. Last day to trade cum-dividend rights on the LSE is 28 February 2024. Record date for payment on both JSE and LSE is 1 March 2024. Shares will trade ex-dividend rights on the JSE from 28 February 2024. Shares will trade ex-dividend rights on the LSE from 29 February 2024.
Upcoming Dividend • Feb 21Upcoming dividend of US$0.02 per shareEligible shareholders must have bought the stock before 28 February 2024. Payment date: 13 March 2024. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 7.1%. Within top quartile of German dividend payers (5.2%). Higher than average of industry peers (5.9%).
お知らせ • Jan 11Tharisa plc Provides Production Guidance for the Fiscal Year 2024Tharisa plc provided production guidance for the fiscal year 2024. Production guidance for fiscal year 2024 is set between 145 koz and 155 koz PGMs (6E basis) and 1.7 Mt to 1.8 Mt of chrome concentrates.
お知らせ • Jan 10+ 3 more updatesTharisa plc to Report Fiscal Year 2024 Results on Oct 10, 2024Tharisa plc announced that they will report fiscal year 2024 results on Oct 10, 2024
お知らせ • Dec 23Tharisa plc, Annual General Meeting, Feb 21, 2024Tharisa plc, Annual General Meeting, Feb 21, 2024, at 09:00 Coordinated Universal Time. Location: First Floor, Office 108 S. Pittokopitis Business Centre 17 Neophytou Nicolaides and Kilkis Streets Paphos Cyprus Agenda: To receive the audited annual financial statements for the year ended 30 September 2023, including the management report and the report of the independent auditor, such annual financial statements having been approved by the Board on 12 December 2023; to consider appointment of external auditor; to consider election of director appointed by the Board; to consider re-election of director retiring by rotation; to consider general authority to directors to allot and issue ordinary shares; and to consider other matters.
お知らせ • Dec 21Tharisa plc Announces Executive ChangesThe Board of Tharisa plc announced that Ms. Gloria Zvaravanhu will be appointed to the Board as an independent non-executive director with effect from the conclusion of the AGM to be held on or about 21 February 2024.Ms. Zvaravanhu, a Zimbabwean national, is a registered Chartered Accountant in both Zimbabwe and South Africa. She holds aBachelor of Accounting (B. Acc) degree from Rhodes University, a Master's in Business Leadership (MBL) from the Unisa Graduate School and a Master's Degree in Law (LLM) from the University of Cumbria, United Kingdom. She is currently studying towards an MSc in Business Psychology, as she follows her passion for leadership development and coaching. Ms. Zvaravanhu has over 22 years' experience and is currently the Managing Director of a leading short-term insurance company in Zimbabwe. She has previously served as the CEO of the Institute of Chartered Accountants of Zimbabwe. She also actively serves the accounting profession as an advisory group member of the International Federation of Accountants (IFAC). Her current non-executive directorships include Securico Security Services Limited (Board Chairman) and Karo Mining Holdings plc, a Tharisa Group company (non-executive director and Chairman of the Audit Committee). She has received a number of awards and achievements in both her professional and academic careers. Ms Zvaravanhu will be serving as member of the Risk Committee and Climate Change and Sustainability Committee of Tharisa and will be the Chairman of the Audit Committee. She will be replacing Mr. Antonis Djakouris, the current Chairman of the Audit Committee and Risk Committee, as member of the Board and Chairman of the Audit Committee. Mr. Djakouris will retire by rotation at the upcoming AGM and will not be available for re-election. Mr. Djakouris has served on the Tharisa Board since October 2011 and has made an invaluable contribution to the Board. His dedication, insight, and unwavering commitment have played an instrumental role in shaping the success and growth of Tharisa. Throughout his tenure, his expertise and ability to provide constructive feedback, ask insightful questions, and offer wise counsel have greatly enriched the Board's decision-making processes. Over and above his professional expertise, his integrity, reliability, and passion for Tharisa's mission have set an exemplary standard for all those fortunate enough to work alongside him. The Company and the Board wish Mr. Djakouris well.
Reported Earnings • Dec 18Full year 2023 earnings released: EPS: US$0.27 (vs US$0.54 in FY 2022)Full year 2023 results: EPS: US$0.27 (down from US$0.54 in FY 2022). Revenue: US$649.9m (down 5.3% from FY 2022). Net income: US$82.2m (down 47% from FY 2022). Profit margin: 13% (down from 22% in FY 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat.
お知らせ • Dec 14Tharisa plc Proposes A Final Gross Cash Dividend for the Financial Year Ended 30 September 2023, Payable on 13 March 2024The Shareholders of Tharisa plc are advised that the board has resolved to propose a final gross cash dividend of 2.0 US cents per ordinary share for the financial year ended 30 September 2023, such dividend being payable to shareholders registered on the register of members of Tharisa as of the close of business on the record date, being 1 March 2024. If approved by shareholders, the recommended dividend will be paid on 13 March 2024.
New Risk • Nov 03New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 5.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 5.4% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.3% average weekly change).
お知らせ • Oct 17Tharisa plc Provides Production Guidance for the Fiscal Year 2024Tharisa plc provided production guidance for the fiscal year 2024. Production guidance for fiscal year 2024 is set between 145 koz and 155 koz PGMs (6E basis) and 1.7 Mt to 1.8 Mt of chrome concentrates.
お知らせ • Oct 05+ 1 more updateTharisa plc to Report Fiscal Year 2023 Results on Dec 04, 2023Tharisa plc announced that they will report fiscal year 2023 results on Dec 04, 2023
お知らせ • Sep 28Tharisa plc Announces Executive ChangesThe board of directors of Tharisa plc announced that Mr. Zhongliang Hong has resigned as a non-executive director and member of the Risk and Climate Change and Sustainability Committees with effect from 30 September 2023. The Board announced that Mr. Chen Hao has been appointed to the Board as a non-executive director with effect from 1 October 2023. Mr. Chen holds abachelor's degree in Micro-electronics from Fudan University, Shanghai, China. He has more than 18 years' experience as an Engineer, Foreign Trade Manager and General Manager. He has been the General Manager at Fujian Liju Logistics Company in China since September 2014. Prior to this position, he had been a Foreign Trade Manager at Guangxi Shenglong Metallurgy Co. Ltd., China between December 2013 and August 2014, and an Engineer at APEX Information Services in the USA from August 2012 to November 2013. He had also held the position of Engineer at Calvin Wireless, New York, USA between February 2012 and July 2012. Between August 2006 and January 2012, he had held two Research Assistant positions, the first at the University of Viginia, USA (August 2006 to December 2009) and at the Tandon School of Engineering, at the University of New York, USA (January 2010 to January 2012). Following his graduation in July 2005, he had worked as Experimental Technician at the Shanghai Institute of Microsystem and Information Technology at the Chinese Academy of Sciences until July 2006. Mr. Chen will be serving on the Risk and Climate Change and Sustainability Committees of the company.
Recent Insider Transactions • Jul 23Chief Operating Officer recently sold €72k worth of stockOn the 20th of July, Michelle Taylor sold around 75k shares on-market at roughly €0.95 per share. This transaction amounted to 9.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Michelle has been a net seller over the last 12 months, reducing personal holdings by €150k.
New Risk • Jul 20New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Upcoming Dividend • May 31Upcoming dividend of R0.58 per share at 5.5% yieldEligible shareholders must have bought the stock before 07 June 2023. Payment date: 21 June 2023. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 5.5%. Within top quartile of German dividend payers (4.8%). Lower than average of industry peers (9.0%).
Valuation Update With 7 Day Price Move • May 26Investor sentiment improves as stock rises 34%After last week's 34% share price gain to €1.25, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 7x in the Metals and Mining industry in Europe. Total loss to shareholders of 18% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €0.51 per share.
Reported Earnings • May 21First half 2023 earnings released: EPS: US$0.17 (vs US$0.33 in 1H 2022)First half 2023 results: EPS: US$0.17 (down from US$0.33 in 1H 2022). Revenue: US$335.3m (flat on 1H 2022). Net income: US$52.0m (down 42% from 1H 2022). Profit margin: 16% (down from 27% in 1H 2022). Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat.
お知らせ • May 19Tharisa plc Announces Interim Dividend, Payable on 21 June 2023Tharisa plc Announced An interim dividend of US 3.0 cents per ordinary share has been declared. The interim dividend will be paid on 21 June 2023 and will be paid from income reserves. Record date for payment on both JSE and LSE on 9 June 2023. Last day to trade cum-dividend rights on the JSE is 6 June 2023. Last day to trade cum-dividend rights on the LSE is 7 June 2023. Shares will trade ex-dividend rights on the JSE is 7 June 2023. Shares will trade ex-dividend rights on the LSE is 8 June 2023.
Recent Insider Transactions • Feb 05CFO & Director recently sold €102k worth of stockOn the 31st of January, Michael Jones sold around 88k shares on-market at roughly €1.16 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Michael's only on-market trade for the last 12 months.
お知らせ • Jan 11Tharisa plc Announces Production Guidance for 2023Tharisa plc announced production guidance maintained at between 175 koz and 185 koz PGMs (6E basis) and 1.75 Mt to 1.85 Mt of chrome concentrates.
お知らせ • Jan 07+ 1 more updateTharisa plc to Report First Half, 2023 Results on May 25, 2023Tharisa plc announced that they will report first half, 2023 results on May 25, 2023
お知らせ • Dec 22Tharisa plc, Annual General Meeting, Feb 22, 2023Tharisa plc, Annual General Meeting, Feb 22, 2023, at 11:00 E. Europe Standard Time.
Reported Earnings • Dec 07Full year 2022 earnings released: EPS: US$0.54 (vs US$0.37 in FY 2021)Full year 2022 results: EPS: US$0.54 (up from US$0.37 in FY 2021). Revenue: US$686.0m (up 15% from FY 2021). Net income: US$153.9m (up 53% from FY 2021). Profit margin: 22% (up from 17% in FY 2021). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 3.0% decline forecast for the Metals and Mining industry in Europe.
Board Change • Nov 16Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. Non-Executive Director Shelley Wai was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Oct 11Tharisa plc Provides Production Guidance for the Year 2023Tharisa plc provided Production Guidance for the Year 2023. Production guidance for fiscal year 2023 is set between 175 koz and 185 koz PGMs (6E basis)and 1.75 Mt to 1.85 Mt of chrome concentrates.
Recent Insider Transactions • Sep 09Executive Chairman of the Board recently bought €86k worth of stockOn the 5th of September, Loucas Pouroulis bought around 70k shares on-market at roughly €1.23 per share. This transaction amounted to 6.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Loucas' only on-market trade for the last 12 months.
Valuation Update With 7 Day Price Move • Jul 16Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €1.08, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 4x in the Metals and Mining industry in Europe. Total loss to shareholders of 24% over the past year.
お知らせ • Jul 14Tharisa plc Provides Production Guidance for the Year 2022Tharisa plc announced that 2022 production guidance maintained at between 165 koz and 175 koz PGMs (6E basis). Guidance for chrome production is reduced by 10% to between 1.55 Mt and 1.65 Mt due to lower chrome feed grade and slower Vulcan Plant ramp-up.
Upcoming Dividend • Jun 07Upcoming dividend of R0.47 per shareEligible shareholders must have bought the stock before 14 June 2022. Payment date: 29 June 2022. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 4.5%. Within top quartile of German dividend payers (4.2%). Lower than average of industry peers (7.4%).
お知らせ • May 28Tharisa plc Announces Interim Dividend, Payable on 29 June 2022Tharisa plc announced An interim dividend of USD 3.0 cents per ordinary share. The interim dividend will be paid on, 29 June 2022 and will be paid from income reserves. Shareholders on the principal Cyprus register will be paid in United States Dollar (USD), shareholders whose shares are held through Central Securities Depositary Participants (CSDPs) and brokers and are traded on the JSE will be paid in South African Rand (ZAR) and holders of Depositary Interests traded on the LSE will be paid in Sterling (GBP). The currency equivalents of the dividend, based on the weighted average of the South African Reserve Bank's daily rate at approximately 10:30 (UTC +2) on 24 May 2022, being the currency conversion date, are as follows: South Africa - JSE. Exchange rate. ZAR 15.76680/USD. Dividend per share in payment currency: 47.30040 South African cents per share. United Kingdom - LSE. Exchange rate. ZAR GBP 0.79681/USD. Dividend per share in payment currency: 2.39044 pence per share.
Board Change • Apr 29Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. Non-Executive Director Shelley Wai was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improved over the past weekAfter last week's 17% share price gain to €2.12, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Metals and Mining industry in Europe. Total returns to shareholders of 40% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €3.75 per share.
お知らせ • Mar 03Tharisa Undertakes Long-Term Production Tests with Liebherr on Its ‘Road’ to Reducing Carbon EmissionsTharisa, the platinum group metals (PGMs) and chrome co-producer listed on the Johannesburg and London stock exchanges, announces that three Liebherr mining machines with more efficient engines and fuel systems have been delivered to the Tharisa Mine and have begun operational testing. The partnershipwith Liebherr is part of Tharisa's ESG initiative to reduce its carbon footprint. The two T 236 mining trucks with a capacity of 100 metric tonnes and one 72 ton PR 776 dozer, both of which use the latest generation diesel engine technology with the T236s using Cummins QST 30 engines and the PR 776 utilising the Liebherr D9512 engine, are characterised by low-level fuel consumption, and will be fully stress-tested under operational conditions for 18 months. They will operate as part of the production fleet under supervision of both Tharisa's mining team and Liebherr Mining Africa. These diesel-electric mining trucks' drive train technology benefit from improved fuel economy due to their efficient engine and fuel system, advanced airflow system as well as low-end torque performance and emissions capability. The trucks' continuous drive system technology will be field tested to determine whether the machines can withstand the climatic and geomorphological makeup of the hard rock mining of the Bushveld Complex. The aim of the long-term, real-life tests is to ensure the trucks reduce diesel consumption and costs while testing the machines' ability to deliver a minimised environmental footprint, and still delivering on production metrics, as part of Tharisa's drive for a more sustainable mining environment. One of Tharisa's core values is safety and the T236 has a variety of operational safety features such as payload warnings, anti-rollback features, engine shutdown switches in the cab and at ground level, and an integrated four corner park brake system. These safety systems are in line with the current specifications of the existing truck fleet operating at the Tharisa Mine and will ensure the continued safety and wellbeing of our taff and contractors as they work on site. The PR 776 dozer has a high-efficiency rating of the hydrostatic drive across the entire vehicle speed range, which further minimises fuel consumption and ensures reduced levels of carbon dioxide emissions.
お知らせ • Feb 24+ 1 more updateTharisa plc Approves Final Dividend for 2021Tharisa plc at the Annual General Meeting of shareholders held on 23 February 2022 approved the final dividend of 5.0 USD cents per share having been approved by shareholder.
Upcoming Dividend • Feb 23Upcoming dividend of US$0.05 per shareEligible shareholders must have bought the stock before 02 March 2022. Payment date: 16 March 2022. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 4.8%. Within top quartile of German dividend payers (3.4%). Lower than average of industry peers (7.9%).
Valuation Update With 7 Day Price Move • Feb 18Investor sentiment improved over the past weekAfter last week's 17% share price gain to €1.81, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Metals and Mining industry in Europe. Total returns to shareholders of 17% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €1.21 per share.
お知らせ • Feb 17+ 1 more updateTharisa plc (JSE:THA) entered into Sales of Shares Agreement to acquire the remaining 6% stake in Tharisa Minerals (Pty) Ltd. from Tharisa Community Trust for ZAR 90 million.Tharisa plc (JSE:THA) entered into Sales of Shares Agreement to acquire the remaining 6% stake in Tharisa Minerals (Pty) Ltd. from Tharisa Community Trust for ZAR 90 million on February 15, 2022. Tharisa plc (JSE:THA) entered into Sales of Shares Agreement to acquire on February 15, 2022. The consideration being settled through the issue of 3,208,556 new ordinary shares in Tharisa. In a related transaction, Tharisa entered into Sales of Shares Agreement to acquire an additional 20% stake in Tharisa Minerals (Pty) Ltd. from Thari Resources Proprietary Limited for approximately ZAR 300 million. For the financial year ended September 30, 2021, Tharisa Minerals reported net assets of ZAR 527.9 million. The transaction remains unconditional.
お知らせ • Feb 15Tharisa Commences Negotiations for Acquisitions of Minority Shareholdings in Tharisa Minerals ProprietaryShareholders are advised that Tharisa plc has commenced negotiations for the acquisition of the minority shareholdings in Tharisa Minerals Proprietary Limited ("Tharisa Minerals (Pty) Ltd."), in which Tharisa currently owns 74% of the issued ordinary share capital. There is no certainty as to the outcome of these negotiations.
Valuation Update With 7 Day Price Move • Jan 17Investor sentiment improved over the past weekAfter last week's 16% share price gain to €1.64, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Metals and Mining industry in Europe. Total returns to shareholders of 24% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €0.94 per share.
お知らせ • Jan 13Tharisa plc Provides Production Guidance for the Fiscal Year 2022Tharisa plc provided production guidance for the fiscal year 2022. For the year, the company expects production guidance of 165 koz to 175 koz PGMs (6E basis) and 1.75 Mt to 1.85 Mt of chrome concentrates. COVID-19 remains a risk to the company, and guidance is premised on the current level of economic activity being maintained.
Board Change • Dec 06Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. Non-Executive Director Shelley Wai was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Dec 03Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: US$0.37 (up from US$0.16 in FY 2020). Revenue: US$596.3m (up 47% from FY 2020). Net income: US$100.5m (up 132% from FY 2020). Profit margin: 17% (up from 11% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 12%. Over the next year, revenue is forecast to grow 4.4%, compared to a 13% growth forecast for the mining industry in Germany.
お知らせ • Nov 25Tharisa plc Provides Earnings Guidance for the Year Ended September 30, 2021Tharisa plc provided earnings guidance for the year ended September 30, 2021. Tharisa's basic earnings per share ('EPS') and headline earnings per share ('HEPS') for the twelve months ended 30 September 2021 are expected to be between USD 37 cents and USD 38 cents per share with a tolerance of 10%. This is an increase of between 128% and 134% relative to the EPS of USD 16.2 cents per share for the year ended 30 September 2020 and an increase of between 119% and 125% relative to the HEPS of USD 16.9 cents per share for the financial year ended 30 September 2020.
Valuation Update With 7 Day Price Move • Oct 12Investor sentiment improved over the past weekAfter last week's 16% share price gain to €1.41, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Metals and Mining industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €1.54 per share.
Valuation Update With 7 Day Price Move • Aug 21Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to US$1.28, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 7x in the Metals and Mining industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €1.48 per share.
Board Change • Aug 05Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. Non-Executive Director Shelley Wai was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Jun 08Upcoming dividend of R0.55 per shareEligible shareholders must have bought the stock before 15 June 2021. Payment date: 30 June 2021. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (4.4%).
Reported Earnings • May 29First half 2021 earnings released: EPS US$0.21 (vs US$0.036 in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: US$313.6m (up 61% from 1H 2020). Net income: US$57.4m (up US$47.9m from 1H 2020). Profit margin: 18% (up from 4.9% in 1H 2020). The increase in margin was driven by higher revenue.
お知らせ • May 28Tharisa plc Declares Interim Dividend for the Six Months Ended 31 March 2021, Payable on June 30, 2021Tharisa plc announced an interim dividend of US 4.0 cents per ordinary share has been declared. The interim dividend will be paid on 30 June 2021 and will be paid from income reserves. Shares will trade ex-dividend rights on the JSE is 15 June 2021. Shares will trade ex-dividend rights on the LSE is 17 June 2021. Record date for payment on both JSE and LSE is 18 June 2021.
お知らせ • May 06Tharisa plc (JSE:THA) entered into a sale and purchase agreement to acquire Salene Chrome Zimbabwe (Pvt) Limited from Leto Settlement Trust for $13 million.Tharisa plc (JSE:THA) entered into a sale and purchase agreement to acquire Salene Chrome Zimbabwe (Pvt) Limited from Leto Settlement Trust for $13 million on May 5, 2021. Under the terms, Tharisa Plc will pay cash consideration of $3 million and $10 million commission to Leto Settlement subject to profitability measures. The consideration amount will be funded from cash resources. The transaction was approved by the board of Tharisa plc. The Acquisition is subject to approval by the Zimbabwean Reserve Bank. Minxcon (Pty) Ltd acted as independent expert to Tharisa Plc.
お知らせ • Apr 14Tharisa plc Announces Production Guidance for the Financial Year 2021Tharisa plc announces production guidance for the financial year 2021. For the year, guidance is maintained at 155 koz to 165 koz PGMs (6E basis) and 1.45 Mt to 1.55 Mt of chrome concentrates. COVID-19 remains a risk to the Company and forecasts and guidance are premised on the current level of economic activity being maintained.
Valuation Update With 7 Day Price Move • Mar 20Investor sentiment improved over the past weekAfter last week's 16% share price gain to US$1.78, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 10x in the Metals and Mining industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €0.90 per share.
お知らせ • Jan 26Tharisa plc to Report Q2, 2021 Results on May 27, 2021Tharisa plc announced that they will report Q2, 2021 results on May 27, 2021
お知らせ • Jan 22Tharisa plc Appoints Shelley Wai Man Lo as Non-Executive DirectorTharisa plc announced that Ms. Shelley Wai Man Lo will be appointed to the Board as a non-executive director with effect from the conclusion of the AGM to be held on 10 February 2021.
Valuation Update With 7 Day Price Move • Jan 05Investor sentiment improved over the past weekAfter last week's 35% share price gain to US$1.63, the stock is trading at a trailing P/E ratio of 11.5x, up from the previous P/E ratio of 8.5x. This compares to an average P/E of 15x in the Metals and Mining industry in Europe.