Added to YB: 2025-07-16
Pitch date: 2025-07-15
THS.L [bullish]
Tharisa plc
-1.33%
current return
Author Info
The Oak Bloke shares analysis of the UK stock market, particularly overlooked small caps. Sign up for the newsletter.
Company Info
Tharisa plc, an investment holding company, engages in the mining, processing beneficiation, marketing, sale, and logistics of platinum group metals (PGMs) and chrome concentrates in South Africa, China, Singapore, Hong Kong, the United States, Australia, Japan, and internationally.
Market Cap
ZAR 343.0M
Pitch Price
ZAR 21.07
Price Target
N/A
Dividend
3.89%
EV/EBITDA
2.22
P/E
6.80
EV/Sales
0.49
Sector
Metals and Mining
Category
value
THAR-is-a better future
THS.L: Chrome/PGM miner trading at 51% discount to NAV. 3Q25 showed PGM basket at $1,574/oz, now $1,800/oz, projecting FY25 avg $1,545/oz. FY26 profit est £124m vs £254m market cap. Chrome business strong at $265-270/t. Karo project potential game-changer: NPV $494m, 174koz/yr for 11yrs+ with $236m capex remaining.
Read full article (5 min)