15p is better than nothing. Remember, once the new auditors are sorted and accounts logged then there is no reason for these to return to share price of around 20p until War is finished. |
I don't see how the Ukrainian government can stop the payment.
Obviously, the Ukrainian assets are under threat - if not indeed already lost.
So, an effective price of 7p (ex-dividend) is rather a lot, taken all in all.
It's possible that the rampers will get hold of this, and the share price will rise before the dividend date. If so, get what you can!!! |
So the price has effectively dropped to 7p today (22p - 15p).
Can/will the Ukrainian government stop the payment? |
All out of POLY and into here. I've only twice previously said "for better or for worse". Here's hoping for third time lucky! |
Company has plenty of available cash outside Ukraine to pay the dividend. My estimate is about £66 million with say 320 million shares and dividend at £0.15 cost of dividend will be about £48 million leaving cash balance outside Ukraine at about £18 million. These are just my estimated figures so please do your own research and calculations. |
That should be a pound sign not a question mark |
£0.15 |
Enwell (sic) |
Endellion website give it as £0.15 |
You mean 0.15 pence |
Well, at least shareholders will get 15p out before this is suspended.
That will still leave almost all at a loss, but it is better than nothing.
In the long run, I doubt the shares have much value, but at 16p-17p I'd be tempted to have a small punt (because who knows what may happen in the future?).
But 20p is too much for me. These aren't worth 5p ex-div, given all the company's troubles. |
I'll post this here, because it's about Novinsky. But it is one of the worst articles I've ever read. It completely fails to understand the true situation.
I don't even think the journalist is corrupt. Just thick and unresearched.
www.politico.eu/article/ukraine-war-corruption-companies-sanctions-cause-rising-business-fears/ |
This is disappointing. I guess the previous company history is putting auditing companies off abroad? Can we expect a special dividend. |
Serious question:
Why does anybody think it playing this game is worth the candle?
This morning's RNS makes it clear that Enwell expect their shares to be suspended as of the start of July. And they can only return if they find an auditor willing to work with them and file the accounts within the following six months. Not likely, perhaps, when their search for an auditor has already been going on for 5 months and has failed to yield a positive result. (And "why?" is a good question here, as well).
Yes, the company has $82m in the bank outside Ukraine, but it has a 90% oligarch shareholder who the Ukrainians clearly regard (rightly or wrongly) as a traitor. So what chance minority shareholders see any of that money?
I could understand a bet here if the market cap were $20m. That would justify the very real chance of losing it all; because then you'd have a (longish) shot at a worthwhile return. But the market cap is still over $60m. The odds make no sense to me! |
Rns after hours |
Good news on the license challenge front by the Supreme Court today.
All we now need is the war to end. Russia will not be allowed to win by the West and USA. We don't want another Afghanistan where the Russia was mired in for decades and then USA ran away after 20 years. We hope commonsense will prevail soon and a solution agreed acceptable to all for the sake of the people. It could get more messy if people in power get desperate and are seen losing face. Iraq, Syria, Yemen and Libya are recent examples of the West's interference and War on Terror to impose democracy. People will Tony Blair lying to the Parliament to take the UK to war. Weapons of Mass Destruction were nowhere to be found. Gold Reserves of Iraq disappeared too, melted away. |
More news about Novinskiy - none of it good for Enwell.
This is in Russian, but I guess you can get the gist from a Google translate:
skelet.info/zelenskii-pomog-ahmetovu/?_utl_t=tw
Note the links at the bottom of the article to other stories about Novinskiy, which are also well worth reading. |
Surely the first thing to do is to contact the Nomad and AIM?
Enwell's reporting is so incomplete it's laughable.
For myself, I consider the Ukrainian authorities to be acting reasonably, given the circumstances. Novinskiy's pro-Russian sympathies have been obvious from the very beginning. |
Ukraine's current corruption situation
hxxps://intellinews.com/ukraine-seizes-assets-of-billionaire-novynskyi-s-smart-holding-275913/
How can we react as a long holders in order to defend our investement ?
Send to the house of common a notification to inform them about the Enwell's risk?
Send to european parliament a notification to inform them about the Enwell's risk?
Send to the AIM or Ministry of foreign Affaiars a notification to inform them about the Enwel's risk?
We must react now (even you are a shorter)! |
Long article on Novinskiy, including information on Enwell that the company itself should have disclosed to market. Hold these shares at your own risk!
intellinews.com/ukraine-seizes-assets-of-billionaire-novynskyi-s-smart-holding-275913/?source=ukraine |
I think it's being held up by the cash balance, but that cash balance could quickly disappear if their operations/payments are disrupted by the Ukrainian state and/or if they get embroiled in legal disputes. |
does Vadym Novynskyi own Smart Energy (CY), Ltd.?
seems like it
I think disposing of the shares will NOT cut it here. |
This is huge trouble for Enwell, if true. Note the mention of gas wells.
www.jpost.com/international/article-739166
Perhaps the Ukrainians are not so stupid as to fall for the transparent assets-in-trust wheeze? |
Missed this ...
Hadn't seen the RNS's.
Who knows what happen now? One of the reasons it was not taken private was the owner liked the listing and the protection (legalistic) it provided from Ukraine entities against it.
Now who knows!?..
Could go private whenever. |
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