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POLN Pollen Street Group Limited

670.00
-4.00 (-0.59%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Pollen Street Group Limited LSE:POLN London Ordinary Share GG00BMHG0H12 ORD GBP0.01
  Price Change % Change Share Price Shares Traded Last Trade
  -4.00 -0.59% 670.00 7,747 14:59:56
Bid Price Offer Price High Price Low Price Open Price
670.00 698.00 690.00 670.00 686.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:08 UT 15 670.00 GBX

Pollen Street (POLN) Latest News

Pollen Street (POLN) Discussions and Chat

Pollen Street Forums and Chat

Date Time Title Posts
12/4/202413:16Pollen Street Capital 132

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Pollen Street (POLN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:35:08670.0015100.50UT
13:59:56670.0016.70AT
13:48:41689.001,0006,890.00O
13:46:02685.402321,590.13O
13:36:24685.401791,226.87O

Pollen Street (POLN) Top Chat Posts

Top Posts
Posted at 12/4/2024 13:16 by spectoacc
Not messing around in price either - 692.5p is high, relatively:


Date of purchase:

11th April 2024


Number of ordinary shares purchased:

170,000


Weighted average price per day (pence):

692.50
Posted at 21/3/2024 19:17 by topvest
Yes, results today were very promising. I think Pollen Street are well regarded as an alternative asset manager. They are growing in difficult market conditions. In a few year's time the asset management results will > the investment company. It all needs patience, but I am hopeful that it could be an Intermediate Capital. From the price where it is, it has the right characteristics to be a potential multi-bagger. Nice dividend while we wait. The only thing I'm wary of is that the CEO and team are deliberately not promoting the company much, so that they can buy-back shares on the cheap. Like Tetragon. But this is unfounded - just wary. They need to build trust. Might do another top-up on weakness.

The results are quite complex this year, but great under the surface. It's a bit frustrating that they can't be clear on the dividend in pence. I think it's a small cut, because of the waivers last year, but of course they couldn't bring themselves to say that like so many other companies...just tell it how it is rather than try and avoid saying something that is not glowing...it just undermines confidence.
Posted at 21/3/2024 09:18 by spectoacc
Around 50k in total got bought at £6, but as it didn't move the price higher, would guess Quilter's busy unloading some.

If I've read it right, they've 5.97m shares still to sell (assuming they're selling all, which I suspect they are).

Hoping for an opportunity to buy again around the £5.50 mark.
Posted at 21/3/2024 08:41 by 34adsaddsa
Quilter are fools.

They backed the merger in the first place (a risk/mistake at that valuation), now they sell just as it starts to bear fruit and profits per share recover.

Let them sell.
Posted at 08/3/2024 07:51 by rogerrail
I am surprised that there is no rns from poln on this. No idea if there is any shareholder interest in the investment funds acquiring mtw, I guess not .
Posted at 08/3/2024 07:05 by spectoacc
Is this POLN buying MTW, or POLN funds buying MTW? Either way, can't say I'm too keen:

"Information on Bidco and Pollen Street Capital

· Bidco is a limited company registered in Guernsey and was incorporated on 27 February 2024. Bidco was formed for the purposes of the Acquisition and is a wholly-owned indirect subsidiary of investment funds advised and managed by Pollen Street Capital. Bidco has not traded since its date of incorporation.


· Pollen Street Capital is one of the leading specialist private equity investors in the financial and business services market in Europe. Pollen Street Capital works with entrepreneurial management teams to build businesses that deliver market-leading products and services to their customers, in order to create long-term sustainable success."
Posted at 09/2/2024 16:49 by charlotte2020
They are an absolute shambles. Head of IR works most the time in India.I was told at the time of the merger that they would support the price with share buy backs which they didn't honour.In complete free fall. Absolute incompetents in charge. The stuffed shirt Matthew Potter has lost a ton of money but when questioned he's unable to answer. Appalling company.
Posted at 25/1/2024 17:16 by spectoacc
They've replied now to my message, and finally fixed it, BUT you couldn't make up what the message says:


"Thank you for your recent message.

Please confirm what holding you're referring to by POLN as there is no ticker on our platform that matches that."


I assume in the minutes after sending that, they discovered that oh, yes there is, it's the same POLN it's always been.

Not quite Barclays Stockbrokers levels of ineptness, but you do sometimes wonder about HL these days.
Posted at 25/1/2024 09:00 by spectoacc
Have sent HL a message, shouldn't be rocket science to price it correctly.
Posted at 14/12/2023 13:01 by topvest
I've changed my view here and opened a small opening position after further research. The Pollen Street alternative asset manager looks like a high quality and successful operation. It was purchased for £285m versus the 2022 NPV of £300m, which is quite a high valuation on existing business. However, its fundraising and trackrecord is good, so it should achieve £5bn in a few years. The valuation could look much more attractive as the group heads towards £10bn in say 5 years time.The bull case is that this becomes a mini Intermediate Capital Group in 5-10 years using its own balance sheet to seed investments, as ICG did. The bear case is that it eats itself and becomes a Tetragon. I've decided that the current valuation is quite attractive in both scenario's. There may be more selling as it moves to being a trading company rather than an investment company early in 2024. The share price is definitely very weak, particularly given current strength in pretty much everything else. There's an 11% yield dropping to 9% in due course though to compensate.
Pollen Street share price data is direct from the London Stock Exchange

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