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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Polo Resources Limited | LSE:POL | London | Ordinary Share | VGG6844A1158 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.57 | 1.15 | 1.99 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
24/10/2016 11:07 | $ trades are shown at 10.43.13 this morning totaling 1.138 million shares with one trade of 952000 shares all at 6p. Following the increased holding notice last week interest in Polo seems to be increasing. | 888icb | |
24/10/2016 10:34 | Further show of confidence in BLK good to see. There's a piece in today's Times about coal and its rising value and importance to emerging economies...sentimen Miners strike rich seam in the rising price of coal Marcus Leroux October 24 2016, 12:02am, The Times Coking coal prices have risen from $78 a tonne to $243 a tonne; the price of thermal coal is up 50 per cent GETTY IMAGES Share Save An unlikely resurgence in the price of coal could deliver an $18 billion boost to the four big mining groups listed in London. Despite falling foul of increasingly stringent environmental regulations around the world, the unfashionable fuel has rebounded spectacularly this year, making it one of the best-performing commodities. The leap in prices is on a similar scale to that after the Fukushima nuclear incident in 2011, which took place when China’s boom was in full flow. The rise in prices is down to the vagaries of Chinese policy. Beijing has ordered mines to cut back on production, which sent import prices soaring. Few, if any, mining executives saw the move coming, but the price rise since the start of the year could deliver an $18 billion boost to their revenue on the basis of the production forecasts for BHP Billiton, Rio Tinto, Glencore and Anglo American. The biggest leap has been in coking, or metallurgical coal, which is used to make steel. Coking coal prices have risen from $78 a tonne to $243 a tonne, according to the Steel Index. The price of thermal coal, used in power stations, is up 50 per cent. One mining executive told The Times that he believed that the Beijing government was using the coal output cuts to tackle overcapacity in the steelmaking industry as well as dealing with overproduction. He added that the rise would eventually recede but that prices would settle at a higher level. Another executive expressed an expectation that coking coal would stay above $200 for the rest of the year. This month the Chinese government relaxed production cuts as winter approached, bringing with it peak demand for fuel. Analysts at Investec recently pointed to a double-digit output increase from China Shenhua. “Such action will eventually stabilise coal prices but it is anybody’s guess where prices will settle,” they said. “The Chinese government is firmly in the driving seat on this.” The coal rally arrived at an unlikely moment. Prices were at their lowest in years and forecasters, such as the International Energy Agency, expected the slump to continue. The speed at which China was weaning itself off coal-fired power was one of the key drivers of that forecast. The British government has pledged to phase out coal power by 2025 and coal generation hit zero on one day in May for the first time in history. Coal’s share of total energy generation is predicted to fall from 40 per cent to 29 per cent by 2040, according to the US Energy Information Agency. However, coal demand is still expected to rise as emerging economies in Asia see coal-fired power plants as the easiest way to start generating electricity. Coal use will be drastically lower if steps are put in place to limit the rise in global temperatures to 2 degrees Celsius. Wood Mackenzie, an analyst, calculated that coal’s share of generation would fall to 16 per cent by 2035. | paleje | |
22/10/2016 00:38 | A very good sign with the latest RNS where a shareholder has increased their stake by 2.5 million shares to 9.85 million which is a 3.1% interest. Confidence is returning. | 888icb | |
20/10/2016 10:55 | UP 10% this morning on volume of 305000. We have had 4 RNS's in the last 8 days updating us on some of the investments. Lets hope this trend continues and we start to reduce the discount to NAV. | 888icb | |
19/10/2016 12:24 | Paleje thankyou😀 | spights | |
19/10/2016 11:37 | Article reads fine, spights, might be temporary glitch with 3i. The Zak Mir piece is covered by proactive (but Mir has a dreadful reputation), there's a video link at the bottom. 10:47 18 Oct 2016 The chart for Polo Resources Plc (LON:POL) shows the share has put in the basis of a recovery that could eventually see the price rise around 150% to return to the 14p level, so says technical analyst Zak Mir. In a Tip TV segment for Proactive Investors, Mir highlights the “big turnaround” in the Polo Resources chart, which earlier this year officially marked a switch from a bear trend to a bull trend. Technically minded traders ought to look for further progression, and watch out for a move above 6p ahead of further upside, the chartist added. | paleje | |
19/10/2016 11:17 | Hope you can read article above | spights | |
19/10/2016 11:15 | I can get onto site but cannot access polo It says not on system | spights | |
19/10/2016 11:14 | www.businessnews.com | spights | |
19/10/2016 11:05 | I can get onto the 3i site but it is slow. Nice to see the share price ticking up now. | 888icb | |
19/10/2016 10:56 | Are you able to access polo on iii Having problems | spights | |
19/10/2016 10:29 | Posters on the LSE & 3i Polo sites have posted links to the Proactive article. The 2 early trades at the same time for 2.4 million and 95000 shares are both shown as Buys @5.50 and 5.49. The later 10am trade of 50000@5.77 is also shown as a buy. So some decent early volume but 1% down at present. | 888icb | |
19/10/2016 10:09 | I read that But it would not allow me to cut and paste article | spights | |
19/10/2016 07:34 | In a Proactive Investors article last night the chartist Zac Mir is predicting a 150% rise in Polo from now into 2017 upto the 14p level last seen in 2014. | 888icb | |
18/10/2016 19:47 | I expect a move up before end of the year Once the NAV is released in Dec | spights | |
18/10/2016 17:24 | It is rather frustrating that Polo is in a good place now with investments such as Blackham and Hibiscus coming on well but this is not reflected in the share price. I remain confident that our patience will be rewarded as Mr Tang demonstrates that he can do good deals. | 888icb | |
18/10/2016 16:59 | None of it filtering through to our share price which has stalled a bit but it will go again. | paleje | |
18/10/2016 07:36 | The first gold pour by Blackham is very good news. | 888icb | |
14/10/2016 08:18 | A report in today's Times says Billionaire Jim Ratcliffe of Ineos and Blackstone are competing to buy Nortoh Sea oil assets from Shell. Hibiscus bought North Sea assets from Shell sometime ago. Looks like another good move by Hibiscus ahead of the curve. | 888icb |
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