Polo Resources Share Discussion Threads

[philjeans] 24/3/2019 10:31

Yes - tremendous latent value here which WILL be released in due course.

Been in and out of these for over 10 years and, like GCM, a good trading stock. Bought at 3p this last time so not complaining but holding for at least 6p within a few weeks now that it's getting on a few folk's radar.

10p easily attained with patience.

[888icb] 24/3/2019 10:25

As Hibiscus is being mentioned it’s perhaps worth reminding ourselves what it is worth.
Hibiscus has seen it’s share price continue to rise such that its market value is now Malaysian Ringgit 1.444 Billion. This converts to £269 million which values Polo’s 8.75% at £23.53 million.
Polo’s current Market Cap is £14.19 Million. This is a massive undervaluation of Polo based on just one of its investments.Let us hope that the group currently pressing Polo to take action in this area is successful. We all hope that good things are about to happen at GCM which should provide a further massive boost to Polo’s NAV. It is important that action is taken to reduce the very large discount to NAV that the shares currently trade at.

[alch00] 24/3/2019 09:28

I haven't looked into the other holdings, but the Hibiscus shares are (according to their AR) held by Polo Investments Ltd, and that's a 100% subsidiary of Polo, i.e. controlled by Polo.

[behuge] 23/3/2019 14:31

Polo doesn’t control It’s investment surely not but they know how to pay big salaries......looks like they know how to pump and dump....!!

[russman] 23/3/2019 13:42

Polo does not control its investments.
Held as minority in BVI.
Or another offshore SPV.

[millerman1] 22/3/2019 18:11

Ive emailed my support...nothing to lose except your full investment for certain if you dont.

[alch00] 22/3/2019 17:27

Behuge - Tang doesn't have a majority right? Afaik he's actually a pretty small shareholder. It shouldn't be too hard for Phronimos to get support from a majority of shareholders, because Tang's policies & renumeration aren't very popular. If they do, they can launch a proxy fight, get more shareholder-friendly people on the board, and force Tang to do the right thing.

And it looks like they (with their friend Nicholas Greenwood) are planning to do just that; they're requesting a shareholder list and asking agreeing shareholders to contact them. For me this points to a proxy fight, which I think we should welcome with open arms.

Seems they are indeed a small fund, but that doesn't matter all that much as long as they get support from a majority.

So let's support them! Nothing to lose, a lot to gain. I think this is our one chance to get things fixed at Polo.

[behuge] 22/3/2019 15:56

Unfortunately The only option i see is sell now and you will cash a bit or wait until the end of the game with the risk of losing everything.
A simple rule on stock exchange and particularly on aim is : ALWAYS play with what you can afford to lose. And do not count on Phronimos to get your money back, they surely do not make the weight against polo, tang and his useless and overpaid crew. what i have seen on the web Phronimos have 2.5mio in assets!! Without offending them Even the butcher around the corner have more wealther than that. Polo must be laughing at their letter sincerely and These guys knows how to do their tricks to escape if needed...if people did a bit of due diligence on them before investing they will not cry all their tears now. All IMHO of course

[jamesss1] 22/3/2019 14:11

What are our options?Another clump of years and a flat share price?
I want my money before this goes bang.

[behuge] 22/3/2019 12:56

Unfortunately i am afraid that adding support will not change anything as minority shareholders won’t have a word to say. Furthermore this is a BVI company, so good luck to do something....except a nice trip to the BVI’s maybe

[dekle] 22/3/2019 10:45

Added my support to Phronimoscap.com

[folderboy] 22/3/2019 10:22

"Hibiscus up 5.5% today" - and the normal response from POLO

[behuge] 22/3/2019 10:17

Tang has to cash his huge salary that’s why...😂€514;

[888icb] 22/3/2019 08:47

Hibiscus up 5.5% today

[behuge] 22/3/2019 08:03

6 years as a ceo and no results except for himself. Be prepared for a class action

[alpal2] 22/3/2019 07:21

Shawzie: Polo would have more than enough cash to follow if it didn't pay Tang £1m per year. I would love to see his pay linked to share price. Then he would be worth every penny he got [or not?]

[shawzie] 21/3/2019 15:47

Blackham announcement. Will M Tang invest further in this company? Perhaps Polo does not have the cash readily available.
"For a renounceable pro-rata entitlement issue of 5 New Shares for every 4 Shares held by Eligible Shareholders at the Record Date at an issue price of $0.015 per New Share (Offer Price), together with 1 free attaching New Option (exercisable at $0.03 on or before 12 October 2020) for every 3 New Shares issued, to raise up to approximately $25.8 million (before costs) (Entitlement Offer).
The Entitlement Offer is fully underwritten, with Hartleys Limited (Hartleys) and Morgans Corporate Limited (Morgans) acting as the joint lead managers (together, the Joint Lead Managers) and Hartleys acting as the arranger of the underwriting."

[behuge] 21/3/2019 10:46

Except if something went wrong and you can prove it.....by the way why spending precious time here if you sold? 😜

[failedqs] 21/3/2019 10:13

Unfortunately when you have a minority stake in any company you are effectively in the hands of the management team and you put your trust in them to deliver. If they don't deliver you really only have one option and that's to sell up and move on as I did just over a year ago with Polo - no regrets.....

[behuge] 21/3/2019 09:04

FailedQS, shared opinion. Shareholders shall be prepared for class action....against a BVI company unfortunately ....!!!

[failedqs] 21/3/2019 08:01

Behuge - My own opinion of Tang is that he is an untrustable buffoon. Shareprice destruction coupled with a huge salary and benefits package is a shocking combination, the board should have sacked him long ago had they been doing their jobs properly.