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
  +0.00p +0.00% 3.05p 2.80p 3.30p - - - 0 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -5.8 -1.8 - 10

Polo Resources Share Discussion Threads

Showing 15226 to 15249 of 15625 messages
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DateSubjectAuthorDiscuss
14/2/2019
08:30
888: A well thought-out post. Am I the only one [besides Tang] who needs the share price over 30p to break even. I am pleased that a major shareholder is being critical of Tang; he has done nothing and certainly not spelled out any mechanism for possible return of value to ordinary shareholders.
alpal2
13/2/2019
23:36
In the light of today’s movements at Polo and GCM please excuse me running some rough numbers to see what could happen in value terms. In December Polo’s NAV was put at US$62 Million which is circa £48 Million and this gave a NAV per share of 15.72p against today’s share price of 4.6p. GCM has a market cap of £29 Million and in those December Polo figures the GCM stake of 17.8% is valued at circa £5 Million. If GCM gets the green light then some big values have been put on it exceeding £1 Billion. So let’s be a lot more conservative and put a value of £300 Million on GCM which is £3 per share. Polo’s share of that would be £57 million(that’s without Polo converting its loan into GCM shares at 11p!) In broad terms on thos numbers Polo’s NAV would double and the NAV per share would exceed 30p. If you think that is likely would you sell your Polo shares for 10-12p? Clearly if a large number did accept the 12p offer and then GCM went ballistic the remaining Polo shareholders would see their NAV per share go even higher perhaps getting back to Mr Tangs buy in price of 40p. Just some late night musings about what could happen and obviously you can have your own views on GCM value in the future.
888icb
13/2/2019
15:46
Actually there is another Buy showing at the same time as the 225000 and it 241000 so the volume now exceeds 2.5 million
888icb
13/2/2019
14:58
I refuse to get excited until we escape 10p
jamesss1
13/2/2019
14:44
225000 Buy has just pushed the volume up another 10%
888icb
13/2/2019
14:41
Volume just over 2 million and holding an 11.65% gain at present.
888icb
13/2/2019
13:14
It seems something of a coincidence that someone is trying to get Polo to return money to shareholders just at the point where GCM is getting very interesting. GCM was the reason Tang bought into Polo. I await a response from Polo with great interest.
888icb
13/2/2019
10:20
I have held this share for years and I am glad that some larger shareholders are as frustrated as I am. I for one, will certainly join them if needed. Best regards SBP
stupidboypike
13/2/2019
10:04
Letter is very critical of the buffoon Tang. Good, he deserves that!If the board were competent they would have been looking at realising value long before now, but they are Tang's own people so effectively useless.Might buy back in now! Over £100k lost previously thanks to Tang so I'll tread carefully!!!.....
failedqs
13/2/2019
09:40
Full letter, worth a read as it outlines proposed steps ... https://docs.google.com/a/phronimoscap.com/viewer?a=v&pid=sites&srcid=cGhyb25pbW9zY2FwLmNvbXx0M3N0aW4xfGd4OmQ0Yjk3MTNkMjA3MzU4ZQ
frrinvest
13/2/2019
09:31
Where is Polo going to get the cash for a tender offer? By selling some of their holdings? What will that do to the share prices of the ones they sell?
willoicc
13/2/2019
09:20
Nothing like some corporate action to stir the pot. Been moribund for far too long. Good potential here now.
philjeans
13/2/2019
08:48
Well, everyone has to make their own investment decisions, but POLO now seems far less of a risk than GCM. Trading at a fraction of NAV, a large investor is seeking return of capital at multiples of current shareprice, and , if GCM comes good (anyones guess), it will lift the POLO NAV even more ... GCM is a binary bet - either it comes good and multi-multi bags or you lose the lot GLA
mister md
13/2/2019
08:41
Good post Alco! It was always going to happen - the idiot Tang is incapable of delivering shareholder value so someone else will force him to do something about it. Polo might be worth buying now! Maybe Tang will get ousted too?
failedqs
13/2/2019
08:40
Interesting - pressure building here! Hold tight.
philjeans
13/2/2019
08:20
htTTp://www.phronimoscap.com/news
mister md
13/2/2019
08:20
February 13, 2019--On January 28th, 2019, Phronimos Capital, LLC, ("Phronimos") acting on behalf of beneficial shareholders of Polo Resources Limited ("Polo" or the "Company") (LON: POL), transmitted a letter to the Board of Directors (the "Board") of the Company outlining several proposals that we believe will be beneficial to all shareholders. Clients of Phronimos and other concerned shareholders of Polo supportive of the proposals outlined in the letter (including a return of capital to shareholders via a tender offer at 10p-12p per share), currently hold approximately 14.0% of the total shares outstanding.
alco
12/2/2019
17:32
As I speculated the other day perhaps he has sold some Polo and taken a direct stake in GCM to get the full benefit of a green light for GCM. After all this would be following Polo’s lead as they have a large holding of GCM shares and the option to convert a loan into more GCM shares at 11p. It would be the sensible thing to do if you are confident that GCM will come good.
888icb
12/2/2019
15:39
shawzie: Last RNS from Polo showed Greenwood shareholding down from 5.2% to current 4.3%. So he sold nearly 20% of his holding just when I / we are all getting hopeful of good news from GCM. Makes one wonder why...…….
alpal2
12/2/2019
09:56
Mattboxy the million dollar question
jamesss1
12/2/2019
09:38
alpal2 What makes you think that Greenwood is selling out? Major Shareholders The Company's issued share capital consists of 311,789,151 Ordinary Shares of no par value (last updated 7 February 2019). The Company does not hold any Ordinary Shares in Treasury. As of 7 February 2019 the Company is aware of the following persons who hold, directly or indirectly, voting rights representing 3% or more of the issued share capital of the Company to which voting rights are attached: Name Percentage of Issued Share Capital Mettiz Capital Ltd 12.58% Perfectus Management Ltd 10.37% Nicholas Greenwood 4.3% Armstrong Investments Ltd 4.30% Ingalls & Snyder LLC 3.29% Stirling Enterprise Ltd 3.15% Percentage of shares not in public hands The percentage of the Company's shares not in public hands is 22.95%. There are no restrictions on the transfer of the Company's AIM securities. Polo's shares are publicly traded on AIM (stock ticker - POL).
shawzie
10/2/2019
09:21
Trader 365I have had the shares from a lower price, and the fact a billionaire has taken 20% is a reason to keep holding them. My question is, does anyone have any info regarding Zinc, Graphene and new battery technology.
beergut
10/2/2019
08:54
A genuine questionWhy are these valued so lowly by the market? I've not seen such a variance in any other company to NAV Does anyone know?Are the assets viewed as too volatile (GCM) 25% of NAV just doesn't make sense but the gap never seems to close
mattboxy
09/2/2019
17:55
Storming NormWhy graphene for batteries. I hold DCTA and a billionaire Invester has just taken 20% in it. I know he is working on Zinc Air batteries, but couldn't find a link to the graphene he may need to make the batteries work.
beergut
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