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% 3.83p 3.70p 3.96p 3.70p 3.70p 3.70p 148,833 16:35:23
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -5.8 -1.8 - 12

Polo Resources Share Discussion Threads

Showing 15376 to 15398 of 15500 messages
Chat Pages: 620  619  618  617  616  615  614  613  612  611  610  609  Older
DateSubjectAuthorDiscuss
15/4/2019
09:21
Let’s do a hostile IPO on Polo resources
behuge
12/4/2019
18:41
Good luck to apply to court against a BVI company....
behuge
12/4/2019
17:39
BVI Business Companies Act 2004 para 100 I Inspection of records. 100. (1) A director of a company is entitled, on giving reasonable notice, to inspect the documents and records of the company (a) in written form; (b) withoutcharge;and (c) at a reasonable time specified by the director;
and to make copies of or take extracts from the documents and records. (2) Subject to subsection (3), a member of a company is entitled, on giving written notice to the company, to inspect (a) the memorandum and articles; (b) theregisterofmembers; (c) the register of directors; and (d) minutesofmeetingsandresolutionsofmembersandofthoseclasses of members of which he is a member; and to make copies of or take extracts from the documents and records. (3) The directors may, if they are satisfied that it would be contrary to the company’s interests to allow a member to inspect any document, or part of a document, specified in subsection (2)(b), (c) or (d), refuse to permit the member to inspect the document or limit the inspection of the document, including limiting the making of copies or the taking of extracts from the records. (4) The directors shall, as soon as reasonably practicable, notify a member of any exercise of their powers under subsection (3). (5) Where a company fails or refuses to permit a member to inspect a document or permits a member to inspect a document subject to limitations, that member may apply to the Court for an order that he should be permitted to inspect the document or to inspect the document without limitation. (6) On an application under subsection (5), the Court may make such order as it considers just.
shawzie
12/4/2019
11:56
Shawzie: Can't agree that phronimos doesn't understand the constituent parts of Polo. I think he understands it very well and that the company is being run for the sole benefit of Tang. My understanding is the Greenwood [owning 4%] asked for the share register and was turned down. That looks as though Tang has something to hide. Tang takes no action for the benefit of shareholders but continues to draw a massive [and unwarranted] salary. Any stirring up by phronimos can only be to the benefit of all shareholders [maybe, except Tang]
alpal2
12/4/2019
10:59
Tang will not divulge the share register as that is how he maintains control. If it came to a resolution vote in some obscure location, how would you know if the proxy results were correct or amended. Does anyone know the number of votes voted against the resolutions at the last AGM. Doubt it - it may show the level of shareholder discontent. Start picking holes in their corporate governance with the Nomad, the Auditor and the AIM regulator.
russman
11/4/2019
15:47
donkey15a - Sam John has no right to see the Shareholder Register unless he is a shareholder, in which case he might need to travel to distant shores to see it. He would certainly need to obtain Polo approval to get a copy of the Register from the Registrars ; Computershare Investor Services (Jersey) Limited Queensway House Hilgrove Street St Helier Jersey JE1 1ES Trust that you are not losing on your Polo investment - assuming that you hold Polo.
shawzie
11/4/2019
14:50
So, let's support them! Fight for your right :-)
alch00
11/4/2019
09:49
Received an e-mail from: sjohn@phronimoscap.com Dear Fellow Polo Resources Shareholder, Despite numerous attempts to resolve matters amicably, the Board and management of Polo Resources have not complied with our requests for: The shareholder register (which we have a statutory right to inspect under section 100 of the BVI Business Companies Act); An explanation regarding the appropriateness of Chairman Michael Tang’s ~$2 million annual total remuneration; and The time frame deemed necessary by the Board to evaluate any shareholder value unlocking proposals currently being contemplated. We firmly believe the underlying value in Polo is significantly higher than the current share price and that the stubborn adherence to the Board's current investment policy is detrimental to the interests of shareholders as a whole. The market’s lack of faith in the stated investment policy is evidenced by the greater than 70% discount of Polo’s share price to its Net Asset Value (“NAV”) per share. The persistently large discount of Polo’s share price to net asset value precludes shareholders from realizing anything remotely close to its fair value through open-market transactions. The status-quo, which has resulted in significant realized and unrealized losses for past and present shareholders of Polo, is unacceptable. We believe there will be broad shareholder support for a substantial cash distribution or share buyback if the proposal to return capital were put to a vote at a requisitioned meeting of the shareholders of Polo. Consequently, in preparation for requisitioning a shareholder meeting for a vote on our proposals (none of which are board control seeking) to unlock value via a significant buyback or distribution and improve corporate governance via the appointment of a shareholder representative to the Board, we'll need each concerned shareholder to provide us with confirmation of: the number of Polo Resources shares held and owned by you confirmation that you can exercise the voting rights on the above-mentioned shares (Yes Or No will suffice); and the name and address of the Broker and Nominee account in which the shares are actually held (if not in paper form). Please note that you will likely have to contact your account manager or liaison at your broker/custodian to obtain the name of the nominee/registered shareholder. Your written confirmation is critical to our efforts to requisition a shareholder meeting, so please make every effort to provide the requested information as soon as possible. If any aspect of this message is unclear, please feel free to call me. Thank you for your support. Best Regards, Sam John, CFA Managing Member Phronimos Capital, LLC sjohn@phronimoscap.com
donkey15a
10/4/2019
16:05
The corporation tax in CI & RMI is nil. Top Slice some investments. Tender for say 25% of Polo Resources. Or start by "buying back" the Perfectus holding for cancellation at current price. Have to keep the 2% minority happy.
russman
10/4/2019
12:04
This company sucks.
behuge
09/4/2019
18:28
RNS at lunchtime giving a further update on Celamin. So this investment should start to have some value. Polo is looking good but the current share price continues to frustrate and Mr Tangneeds to address it.
icb888
09/4/2019
09:29
Perfectus is a sub which controls some Polo Resources shares. No mention of this in the share capital note of the Annual Report or the AGM notes. No mention of any voting restrictions on the major shareholding notification either.
russman
08/4/2019
21:48
That's fair comment showzie.
jamesss1
08/4/2019
21:22
For investment purposes, I rate the value between 8p and 10p. All of Polos unquoted investments and quoted investments are high risk and could be substantially written down at any time. The Market knows this. That does not mean that the investments are worthless - only that they are too high risk to value properly.
shawzie
08/4/2019
21:18
I am a weekly reader of Investors Chronicle and since Simon Thompson got Polo wrong he nor any of the magazine contributors have mentioned Polo since.There is something amiss with this share as the discount to NAV is just not recognized by the market.Im not sure if the mining sector is generally poor performing or Tang has a reputation that is not favored by many...who knows.If GCM get the go ahead then will it be reflected here????Will we bounce to 10p and then slide?Would not surprise me one bit.This behaves like a dog of a share but no one knows why....10p-15p discount on NAV and its treated like something a dog would produce....something iffy to say the least.
jamesss1
08/4/2019
19:30
On the NAV point this was stated in the recent report to be 15.59p as at 21 March 2019. I think since that date the value of our Hibiscus stake could have increased by £2Million approx. That must be worth a few pence on the NAV if someone wants to do a calculation. Perhaps Phil jeans will show is calculations. It is massively underrated. It’s abouttime Simon Thompson of Investors Chronicle revisited it as several years ago he was a big fan.
icb888
08/4/2019
19:14
Polo’s 8.75% holding in Hibiscus after today’s rise is valued at £25.95 Million which is nearly double Polo’s current market cap of £13.78 Million. So if POLO needed to assist GCM at any point we know how it could easily raise some funds or if it just wanted to pay its long suffering shareholders a dividend!
icb888
08/4/2019
17:30
Philjeans:Please post the make-up of 22p NAV. Hope you're right.
alpal2
08/4/2019
15:02
Agree james.
behuge
08/4/2019
12:23
Stonking value clearly with NAV 22p!!
philjeans
08/4/2019
11:02
Gcm is the only thing that will get this moving anywhere
jamesss1
08/4/2019
10:43
Nobody wants this share. Nobody have confidence in the fake datuk
behuge
08/4/2019
09:45
Perfectus is 98% sub registered in Republic of Marshall Islands. Polo Investments (100% sub registered in Guernsey) holds Perfectus. Polo Resources (Holding Company) is registered in BVI. According to Polo Resources, Perfectus owns 10.37% of Polo Resources. Perfectus i.e Tang may control the shares but cannot vote them i.e legally use them.
russman
Chat Pages: 620  619  618  617  616  615  614  613  612  611  610  609  Older
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