Polo Res.(See LSE:POL) Share Discussion Threads

[kenway] 05/3/2010 07:52

From Emmany on other site
Lenthy but interesting review of Polo`s activities

[katylied] 04/3/2010 22:40

A back-of the envelope calculation (please correct me if I have it wrong) is that GCM shares would need to reach ~£6.5/share to equal the current value of the EXT stake (=~£100m). Of course, a disposal of EXT at less than A$12/share (=~A$160m) would disappoint a good few. GCM shares would need to reach ~£10.5/share to match that. All things considered (historical estimates), GCM could be valued higher, but only if you truely BELIEVE!... HALLELUJAH!!! :o)

[barryrog] 04/3/2010 22:30

steeplejack,
the assets are worth around 8p so a share price of 6/6.5p would be a far more realistic discount.
however, imo opinion the assets are understated as the balance sheet shows the Mongolian JV with Peabody at just the 50% that Peabody paid and i reckon they will turn out to be worth multiples of that.

[steeplejack] 04/3/2010 22:22

No, the holding in Extract will almost certainly always be worth more than the Asian Energy stake.However,if you want them to compete for dominance in the PRL asset value computations that's fine with me.
Why is a stock like this so clearly undervalued to assets.Simply because the punters of ol' aren't able to get their heads in the credit nosebag like days of old and the prop books are being held on a tight rein and aren't permitted to get disproportionately heavy in illiquid stocks.This stock is actually quite tightly held by a clutch of notifiable interests.
The farce is that ones put off by the continual discount to assets as if some hedge fund toad knows some smutty bearish secret told him in a Mayfair bar.Well when you've got four substantial listed stakes ,it's not difficult to do the maths.These sort of anomalies always sort themselves out.The stock's worth 6p.

MINIMUM

[katieprice] 04/3/2010 22:17

https://serco.getfit.com/index.php?mod=login

[dawg9] 04/3/2010 22:01

It is now, but may not always be that way...

[alex_raga] 04/3/2010 21:11

no not masive at all i was looking to top up but missed the opportunity. I am justing thinking lately this has been fueled by GCM thats why its risen since gcm started to spike

[jonnyboy1] 04/3/2010 21:03

1.5k? and no holding here. You dont have much at stake then? bold prediction of a retrace i think.

[alex_raga] 04/3/2010 20:45

no i have 1.5k at 70p so im happy as larry. But i am not in PRL

[katylied] 04/3/2010 19:16

I guess you forgot to fill ya boots with GCM.
Still not too late though, if you BELIEVE!...

[alex_raga] 04/3/2010 18:34

you mean Profit takers. What will be the next update be about for polo?

[katylied] 04/3/2010 18:14

More likely about cashing in on Extract alex... The Bangladesh budget won't be till ~June, the GoB may not formally pass judgement on GCM, until they have all their financial ducks in a row...

[alex_raga] 04/3/2010 17:58

all because of GCM. i expect it to slowly retrace back to 4-4.2p

[barryrog] 04/3/2010 17:20

Polo is now at it's highest NAV for 18 months (with some exciting potential developments in the background) and this value is simply not being reflected in the current share price.

[azalea] 04/3/2010 17:19

O/T
In the belief that there are other PI here with similar thinking/aspirations to my own, I simply mention NRRP.DYOR

[sitiain] 04/3/2010 17:14

our seller remains however and i was able to pick up a million more shares in different lots at 4.3 today with barclays (at best) even though the price was showing 4.25 4,35 ...
so nice value for the brave of course.
i really think hes been leaning on this for some weeks and u can see these sell prints going through just after a few decent buys.
he must be desperate as if he left it alone for a week we , in my opinion would already be over 5 pence , so who ever is in control of the sell order is not doing a very good job
just need a fund or maybe another big share holers buy to get rid of him.
fingerscrossed hes been takne out for tomorrow.

[nil pd] 04/3/2010 16:41

Intra-day reversal. A very bullish pattern on top of yesterday's price movement. Rising volume too.

All indicating only one direction, IMO. Now, if we also get news tomorrow...

I won't say WWTBOOTWE because I'm not short term in this, but I wouldn't want to be out over the weekend!

[aja5] 04/3/2010 16:27

ext monies wont be enough to buy gcm !!!!

[hoveactually] 04/3/2010 15:54

considering the events/activities since the last Director's buys at 5p the share price should be way north of here.

[nil pd] 04/3/2010 15:14

Yesterday's and today's trading alone indicates significant interest and strength. Hopefully on the back of appreciating the (at least) 8-9p value here. Not investment advice, my opinion based on research.

BTW, thanks again to posters who have been here for longer than me. A good thread - and many posts have short cut the research time I have needed to validate the claims. What an amazing opportunity staring at us here in PRL! (again, my opinion; not advice).

[azalea] 04/3/2010 15:14

Down to 25k buy limit on line.Whatever path PRL takes it is going to be interesting and hopefully lucrative for all concerned.

[loafingchard] 04/3/2010 15:14

........or use EXT stake sale cash to bid for GCM ?

[los ricos] 04/3/2010 14:56

PRL will probably dispose of all non-coal assets, merge with GCM and then the whole lot will be taken over by Peabody.

[azalea] 04/3/2010 14:36

Whilst there has been a notable about turn from the selling this morning on the back of GCM share price steaming up -currently 12%(up 50% from earlier this year), it has done nothing to reflect the growing value of PRL's 29.83% stake. To that end a few institutions stepping in and buying would go some way to confirm same. Given PRL overall prospects and the most important close to fruition, I am mystified as to why PI are selling. That said, each to their own.

Edit: I see that whilst I was posting someone bought 2m, not big enough for an Inst, but encouraging. We should go blue this pm. 14:49hrs Ooops, looks like a few PI have taken note.