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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 |
---|---|---|---|
19/10/2017 10:25 | He is a barrister he would be struck off for dodgy dealings | spights | |
19/10/2017 10:03 | Spights All that you say (and more) has already been posted on this site. With regard to M Tang - "The award was a recognition of his invaluable service and contribution to the nation." Yes, but not the British nation to which he owes so much. | shawzie | |
19/10/2017 10:00 | Good resume, but when running a company, its success depends on how hard management work within that particular company to make it a success and keeping shareholders up to date IMO is important. Discount to NAV is large. Would consider buying back at sometime in future if better as was shareholder in past. | knil | |
19/10/2017 06:26 | Michael Tang (aged 42): Executive Chairman Mr. Tang is the founder of Mettiz Capital Limited, an investment company with significant corporate and financial experience in natural resources, power generation, manufacturing and real estate and which has a significant shareholding in the Company. Mr. Tang qualified as a barrister in London and holds a Bachelor of Laws degree from the London School of Economics and Political Science. Mr. Tang was conferred the Distinguished Order for Meritorious Service ("Panglima Jasa Negara") which carries the honorific title of "Datuk" by His Majesty The King of Malaysia. The award was a recognition of his invaluable service and contribution to the nation. | spights | |
19/10/2017 06:14 | Posted on iii by small holding As far as I can establish, the current holdings for their listed holdings are as follows O Blackham (5.98%) share price 0.22AUD, current valuation £2,739,094 (Difficult to establish exactly how many shares Polo hold because it is shown through nominees) GCM (21.2%) 17,494,000 shares, share price £0.44, current valuation £7,697,360 Hibiscus (9.22%) 138,900,000 shares, share price MYR 0.73, current valuation £18,245,940 Weatherly (5.2%) 54,852,859 shares, share price 0.7p, current valuation £383,970 Current Valuation £2,739,094 - Blackham £7,697,360 - GCM £18,245940 - Hibiscus £383,970 - Weatherly Total valuation £29,066,364 Not listed Universal Coal Resources (20%?) Ironstone Resources (18.8%) Nimini Holdings Ltd (90%) Regalis Petroleum (11%) Celamin Holdings Ltd (12.7%) At the time of writing Polo share price 3.51p x 311,789,151 shares in issue = £10.94M market cap My calculations are there to be shot at but I think they are close. If Polo are genuinely trying to attract investors I can't why isn't this information isn't released on a regular basis, say quarterly. Even giving the bottom 5 investments a zero valuation, the current market cap of Polo is only a third of its listed assets | spights | |
19/10/2017 05:45 | I agree with 8881CBB It was the Nomad not Polo There are many other companies in the same situation without a Nomad Because of ZAYI GCM HAS A NEW nomad THE NEXT NEWS WILL BE Polo ITS A SHAME IT WAS NOT FOUND BEFORE THE 19th I HAVE NEVER BEEN IN THIS SITUATION BEFORE HOW POLO could not come back on the market is beyond me Hope some on here who are saying this are wrong WE HAVE TRADED ASSETS WHICH ARE WORTH MORE THAN 3 times the share price plus monies in the bank So one way or another the company has to find. a Nomad or monies returned to shareholders What people are saying about Tang is beyond me( read below) There are laws and many share holders Do you honestly think they will sit by and leave this happen | spights | |
19/10/2017 00:19 | GCM a company effectively controlled by Polo replaced the same nomad as Polo without a problem. It will not be a problem for Polo. The nomad issue has not stopped GCM continuing to rise. The only issue is why Polo continues to trade at such a discount to NAV. If GCM is about to rise substantially people will be frustrated if they can't get exposure via PolofQ | 888icb | |
18/10/2017 19:22 | that is being rather dramatic. The company has a month to find a new nomad. The assets are substantial. It is not the companies fault and other companies are in a similar position. | barnetpeter | |
18/10/2017 19:14 | Oh dear just saw the RNSWish I'd sold the lot now. This will never relist. Total write off. | failedqs | |
18/10/2017 19:03 | Spights- you seem to have some line of connection to kudayzi - any thoughts on this being endgame? | badger010776 | |
18/10/2017 19:02 | Everything I've suspected of tang has now come to pass - total write off of £19k. In isa too so a double whammy as can't be offset against other gains. Bring back dattels & special divi's. Not happy at all. | badger010776 | |
18/10/2017 18:35 | Well done, FailedQS. I'm still holding although I don't have many, thankfully. | alan@bj | |
18/10/2017 17:37 | I sold the majority of what I had left this afternoon. Now only hold 100k shares, had 700k up until about 3 months ago. Kept some for old times sake.It may be the case that the shares recover sharply if a new nomad is appointed, and I'll be genuinely pleased for all holders if this happens. I'm pleased to be sitting on mainly cash now instead of "Tang Tokens".I recall that a few years ago Simon Cawkwell met Tang and told him he was either a crook or an idiot.... not sure what the response was (if any) but I've made up my mind.Anyone care to hazard a guess?? | failedqs | |
18/10/2017 17:08 | Why are you wondering whether to sell your shareholding FailedQS? From what you've said surely it doesn't need any thought. | alan@bj | |
18/10/2017 13:10 | You are forgetting one thing. Tang. He could take it private, keep paying himself his circa £1m a year with no scrutiny (maybe even more), and before long the assets are zero. It does not need to return any cash to investors. Simples. He cannot be trusted. | failedqs | |
18/10/2017 12:23 | Why? This is an investment company with more cash than the current mkt cap and gcm is looking stronger. If it does delist it will then need to return cash. Quoram did that and has already returned nearly 2p against the suspension price of a lot lower than that with more to come. Polo should be able to return 8p easily.............. | barnetpeter | |
18/10/2017 11:02 | Wondering whether to sell my remaining stake, or to take a chance that it won't be delisted.If it is delisted, my guess is it will never come back.Tang cannot be trusted. He's proven to be a buffoon. | failedqs | |
18/10/2017 08:56 | Under Rule 1 of the AIM Rules, the Company is required to have a nominated adviser at all times and accordingly a replacement nominated adviser must be found by 19 October 2017 to avoid temporary suspension. It is the Company's duty to inform that in the event that a nominated adviser is not found by 20 November 2017 admission of the Company's shares to trading on AIM would be cancelled. The Board of Directors of the Company would like to reassure its shareholders that a new nominated adviser will be actively sought and an announcement will be made in due course to keep shareholders apprised. ......Running out of time????? | alan@bj | |
17/10/2017 15:57 | Is Polo being delisted and taken private? If so, the ordinary shareholders will be truly (what's the word?) shafted. | shawzie | |
17/10/2017 14:08 | had to buy some at 3.40p. no problem getting a nomad for an investment company. | barnetpeter | |
16/10/2017 15:39 | No corresponding announcement for polo..... why not? Same people running GCM and Polo.Tang cannot be trusted, watch this space...... | failedqs |
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