Q: Hi 5i
How were SVM earnings yesterday on Monday feb 09.... Any upside/downside surprises?
Would you continue to hold or add? Seems to be muted reaction by market today?
thx
How were SVM earnings yesterday on Monday feb 09.... Any upside/downside surprises?
Would you continue to hold or add? Seems to be muted reaction by market today?
thx
5i Research Answer:
SVM shares are up four days in a row, and up 35%YTD and 241% in a year. Earnings rose 118%, to 22c per share from 10c. Revenue rose 51% to $126.1M. This shows the high leverage from higher silver and gold prices. Production was 1.9M ounces of silver and 2,096 ounces of gold. EPS was 20% better than estimates. We would be fine buying or adding but to a position size reflective of the sector, its size and China risks.