|Bid||2.5400 x 1200|
|Ask||2.6000 x 1000|
|Day's Range||2.5500 - 2.6200|
|52 Week Range||2.1900 - 3.3000|
|Beta (3Y Monthly)||0.88|
|PE Ratio (TTM)||23.39|
|Earnings Date||Nov 7, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Today we'll look at American Shared Hospital Services (NYSEMKT:AMS) and reflect on its potential as an investment...
(Bloomberg) -- South African miners face a conundrum: increasing palladium and rhodium output to take advantage of soaring prices risks depressing the already fragile market for sister metal platinum.That’s because palladium and rhodium are mined as byproducts, with every extra ounce of the former typically coming with two to three additional ounces of platinum. Stricter emissions standards have boosted palladium and rhodium consumption in autocatalysts for gasoline cars. By contrast, the backlash against diesel vehicles, where most platinum gets used, has seen the metal languish.Consequently, some of the world’s biggest platinum miners, including Sibanye Gold Ltd. and Impala Platinum Holdings Ltd., are loathe to boost production, even as palladium’s eight-year supply deficit could widen in 2020.“They can’t increase production because the main metal is platinum and they don’t want to make the price come down,” said Rene Hochreiter, an analyst at Noah Capital Markets Ltd. in Johannesburg.Platinum has rallied 15% this year from a decade low, but demand is forecast to drop in 2020, pushing the market back into a surplus. Palladium has jumped 41% in 2019, while rhodium has surged 144%.“Expanding production to try and benefit from higher rhodium and palladium prices can be quite risky,” said James Wellsted, a Johannesburg-based spokesman for Sibanye. “Most companies seem reluctant to raise production in South Africa due to the possible impact it will have on the platinum price.”The rally in palladium and rhodium is extending the life of older shafts along Rustenburg’s platinum belt, but producers aren’t rushing to invest in new mines, according to Johan Theron, a spokesman for Implats. Boosting production would make the platinum market “even more supplied,” he said.Given the geological and market restraints, Implats expects output from South Africa’s mines to start declining over the next five years. New projects in South Africa would take years to develop, while those in neighboring Zimbabwe may be stymied by political and economic uncertainty, he said.Anglo American Platinum Ltd., the most profitable of South Africa’s producers, will make a final decision on whether to expand its Mogalakwena mine at the end of 2020, according to spokeswoman Jana Marais. Unusually, the company’s flagship mine produces more palladium than platinum, but Amplats must weigh the prospects for power supply from South Africa’s troubled state-owned utility before moving forward, she said.MMC Norilsk Nickel PJSC is one company planning to boost supplies. The world’s top palladium producer said its platinum-group metals output could almost double by 2030. Still, there isn’t enough metal in the near term to close the current supply gap, Sibanye Chief Executive Officer Neal Froneman said last month.(Updates with Nornickel’s plans in final paragraph)To contact the reporter on this story: Felix Njini in Johannesburg at firstname.lastname@example.orgTo contact the editors responsible for this story: Lynn Thomasson at email@example.com, Nicholas LarkinFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
AMS launched a renewed $5 billion takeover bid for Osram on Thursday, hoping a lower shareholder acceptance requirement will be enough to secure its acquisition of the German lighting company. The Austrian smartphone sensor supplier is still offering the same price of €41 a share, but it now only needs support from 55% of Osram (DE:OSR) shareholders to succeed, compared with the 62.5% approval it had previously required. In October, only 51.6% of Osram investors backed the offer, including AMS (AT:AMS) itself, which accumulated a 20% stake in the business, becoming its largest shareholder in the run up to the vote.
San Francisco, CA, Nov. 07, 2019 -- via NEWMEDIAWIRE -- American Shared Hospital Services (NYSE American: AMS) (the "Company"), a leading provider of turnkey technology.
Conference Call on Thursday, November 7, 2019 at 3:00pm ET / 12:00pm PT San Francisco, CA, Nov. 05, 2019 -- via NEWMEDIAWIRE -- American Shared Hospital Services (NYSE.
In 1983 Ernest Bates was appointed CEO of American Shared Hospital Services (NYSEMKT:AMS). This analysis aims first to...
Shares in Apple supplier AMS slid on Monday after investors were spooked by the company’s commitment to buying German lighting firm Osram, despite a failed takeover bid.
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll show how you can use...
Treatment of Patients has begun, including Ability to Treat Larger Tumors with Upgrade’s Expanded Capabilities SAN FRANCISCO, Oct. 02, 2019 -- via NEWMEDIAWIRE -- American.
Presentation on Wednesday, September 25th at 2:45pm ET SAN FRANCISCO, Sept. 19, 2019 -- via NEWMEDIAWIRE -- American Shared Hospital Services (NYSE American: AMS) (the.
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
SAN FRANCISCO, Aug. 13, 2019 -- American Shared Hospital Services (NYSE American: AMS) (the "Company"), a leading provider of turnkey technology solutions for advanced.
Every investor in American Shared Hospital Services (NYSEMKT:AMS) should be aware of the most powerful shareholder...
San Francisco, CA, Aug. 07, 2019 -- via NEWMEDIAWIRE -- American Shared Hospital Services (NYSE American: AMS), a leading provider of turnkey technology solutions for advanced.
American Shared Hospital Services (NYSEMKT:AMS) is a small-cap stock with a market capitalization of US$17m. While...