Polo Resources Share Discussion Threads

[folderboy] 07/2/2019 08:37

Holdings (disposal) RNS

[alpal2] 07/2/2019 08:30

GCM and POL both down. Hope this is not an augury.

[alco] 05/2/2019 17:43

I hope today's buyer/s "know" something positive is going to happen soon to get the share price moving up!

[mister md] 05/2/2019 17:42

GCM dropped into close

Is Polo about to convert those loans into 11p GCM shares ?

[888icb] 05/2/2019 16:55

In fact the volume ended up at 5.8 million following a 1.8 million Buy (£72000) just before the close. Interestingly there was a lot of buying into the close over at GCM.

[888icb] 05/2/2019 16:42

Some decent buying at Polo today with a volume of 3.6 million.

[philjeans] 05/2/2019 08:33

Hold tight!

[mister md] 05/2/2019 08:28

another 1.8 million at 4p

[mister md] 05/2/2019 08:07

yes interesting trades at the open compared to low volumes recently

[alco] 05/2/2019 08:05

1500000 shares bought already this morning...

[888icb] 03/2/2019 23:11

That is right. If GCM comes good and achieves the valuation it should have then Polo will be worth a very substantial amount. Michael Tang paid 40p per share for his Polo shares and the reason he bought was for GCM. So there is enormous potential here if Tang can succeed where Dattels didn’t. If I remember correctly some years ago Polo offered £1.60 for GCM shares. The next few months are going to be very interesting and hopefully very profitable!

[frrinvest] 03/2/2019 21:38

Look at the posts by timw3 on the GCM thread. Very interesting. Based on the valuation being banded about for GCM and POLO's 17% or so stake in GCM, POLO could be worth over £2+ per share.

[888icb] 01/2/2019 23:17

Lets hope that GCM finally coming good will unlock the value in Polo which is already at a massive discount to NAV. Tang bought into Polo because of its holding in GCM so what will he do if GCM becomes very valuable?
Polo has an option to convert a loan to buy more GCM shares at 11p. Will Polo make a bid for GCM? This should be a very interesting year for Polo and GCM.

[philjeans] 01/2/2019 15:46

Yep - that's it.

Nice.

[frrinvest] 01/2/2019 15:25

Philijeans - totally agree. Just look at their financial position at end of 2018, very strong. NAV 15.73p per share compared to today 4p. A forgotten share imho ...

Financial Position

The Directors have reviewed the Group’s
budgets for 2019, as well as longer-term
financial cash flow projections and have
considered a range of different scenarios
together with their associated risks and
uncertainties, and the impact of these
scenarios on the Group’s cash balances.
Additionally, the Directors have assessed
the likelihood of future funding requirements.
Based on these activities, the Directors are
satisfied that the Group maintains a healthy
financial position from the date of the signing
of these financial statements, enabling Polo
to take a flexible approach to the acquisition
and disposal of investments.
As at 14 December 2018, the Group had a
net position of cash, receivables and short
term investments of USD13.41 million (30 June 2018: USD15.02 million). Listed and
unlisted investments at marked to market
value, cost and valuation amounted to
USD54.53 million (30 June 2018: USD52.92
million). The combined total of cash,
receivables, payables, listed and unlisted
investments was USD62.0 million as of 14
December 2018 (30 June 2018: USD60.28
million) which is equivalent to a Net Asset
value of approximately 15.73 pence per Polo
share (30 June 2018: 14.70 pence per
share).

[philjeans] 01/2/2019 09:35

Yes - and a lot more to POLO than just GCM!

Huge potential here this year.

[frrinvest] 01/2/2019 08:17

Looks like GCM taking off. Must be a safe bet being in POLO.

[haroldthegreat] 30/1/2019 12:14

Just announced a nomad !

[alco] 30/1/2019 12:13

GCM nomad was appointed today.....rns at noon.

[haroldthegreat] 30/1/2019 12:05

Gcm no nomad from feb 1. Unless announced today or tomorrow trading on aim will cease.

[888icb] 28/1/2019 01:19

I accept your point that Tang takes far too much salary particularly as the share price is at such a big discount to NAV. I do however think he believes in GCM and is soon to reap his reward which will be massive for Polo and it’s Shareholders. He will succeed where Dattels failed and at that point will become a worthy successor. Let’s not forget he has done well with Hibiscus but we are overdue at Dattels dividend.

[cfb2] 22/1/2019 15:46

Michael Tang paid 40p for his Polo shares because he knew he could get his money back in salary.

[russman] 22/1/2019 09:47

No AGM statement; some PR may have helped the share price.

[888icb] 20/1/2019 19:38

If GCM is about to rerate which looks increasingly likely then Polo will fly as it stands to make serious gains. Let’s not forget Michael Tang paid 40p for his Polo shares because he wanted Polo’s stake in GCM. Let’s hope this is going to be boom time for Polo and GCM.

[beergut] 19/1/2019 00:08

Thanks Goldfinger, let's hope the new momentum in the share continues