South Africa's 21-Day Lockdown Changes Sylvania's Fortunes [Seeking Alpha]
JOHNSON MATTHEY S/ADR (JMPLY)
NASDAQ:AMEX Investor Relations:
matthey.com/investor
Company Research
Source: Seeking Alpha
SummarySouth Africa accounts for around 75% of global platinum supply and 38% of global palladium supply.The country is under a 21-day lock-down, which will remove around 370koz of platinum and 220koz of palladium supply from the market.Sylvania is well-positioned to weather the storm with $33.8 million in cash and should benefit from rising platinum and palladium prices as well as the weak rand.Investment ThesisLast week, a 21-daywill began in South Africa with the aim of containing the spread of the coronavirus. Only health care, law enforcement, food sales and distribution, and utilities operations are exempt.At first glance, this sounds like bad news for companies like Sylvania Platinum (OTC:SAPLF). However,the measure can significantly change its fortunes as South Africamain products withalmost 90%of output.Also, the lock-down is dragging down the value of the rand, which has a positive impact on the cost structure of Sylvania’s operations.Sylvania’s businessThe company operates
Show less
Read more
Impact Snapshot
Event Time:
JMPLY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
JMPLY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
JMPLY alerts
High impacting JOHNSON MATTHEY S/ADR news events
Weekly update
A roundup of the hottest topics