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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 0.0% 1.57 1.15 1.99 - 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -3.3 -1.1 - 6

Polo Resources Share Discussion Threads

Showing 16251 to 16272 of 17475 messages
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DateSubjectAuthorDiscuss
19/4/2020
17:22
https://www.independent.co.uk/news/people/calls-to-the-bar-1593536.html Under Lincoln’s Inn
spights
19/4/2020
17:11
Never seen a photo of him....???...hahahahaha what a clown, a blind could find a photo of him donkey. Show a photo of his bank account statement instead of looking at his face... 40p to 2p share price divided by 20.....
solhuge
19/4/2020
17:07
If you read items I have posted You can see it’s his wife The reason I posted them as in the past people have said they have never seen photos of him Hope that helps
spights
19/4/2020
16:31
Spights, "His wife and at the end of page his photo" "lancome-socialite-datin-yvette-kang-on-rejuvenating-herself-with-love" Sorry, could you explain the connection of a lady you say is Tang's wife promoting a well known cosmetics brand in Malaysian Tatler?
glavey
19/4/2020
08:03
hTTps://simplywall.st/news/how-does-hibiscus-petroleum-berhads-klsehibiscs-p-e-compare-to-its-industry-after-the-share-price-drop/
solhuge
19/4/2020
07:52
According to the share register Polo owns 139m Hibiscus. But Tang uses a different company for the additional purchases. How many shares does Tang indirectly control in Hibiscus. Tang must be asking for a place on the BoD by now.
russman
19/4/2020
07:43
Spending shareholders money....
solhuge
18/4/2020
22:45
His wife and at the end of page his photo hxxps://my.asiatatler.com/style/lancome-socialite-datin-yvette-kang-on-rejuvenating-herself-with-love
spights
18/4/2020
22:43
His photo is below. Micheal Tang https://www.google.com/search?q=datuk+michael+vee+mun+tang&tbm=isch&hl=en-GB&sa=X&ved=2ahUKEwiggKrS9PLoAhUPFRQKHVBnCKQQv7IFegQIARAV&biw=1024&bih=726#imgrc=FizmN-vPFsEMFM
spights
18/4/2020
22:40
www.pressreader.com/malaysia/malaysia-tatler-society/20160120/281977491615469
spights
18/4/2020
22:28
https://www.google.com/search?q=datuk+michael+vee+mun+tang&tbm=isch&hl=en-GB&sa=X&ved=2ahUKEwiggKrS9PLoAhUPFRQKHVBnCKQQv7IFegQIARAV&biw=1024&bih=726#imgrc=FizmN-vPFsEMFM&imgdii=K5L05GxIvAcOOM
spights
18/4/2020
22:24
hxxps://www.pressreader.com/malaysia/malaysia-tatler-society/20160120/281977491615469
spights
18/4/2020
20:13
888CIB=Tang's own propaganda puppet. Nothing more, nothing less. Despicable ,dishonest, deluded. Apply Filters accordingly!
chevalierdaven
18/4/2020
18:59
So Mettiz bought another 3m Hibiscus in March. Tang controls 139m shares now.
russman
18/4/2020
18:28
Not convinced uk-china relations will remain positive....but no worries Tang is a barrister...winning millions every year for 7 years now...😂€514; hTTps://www.businessinsider.com/coronavirus-china-told-it-cant-return-to-business-as-usual-by-uk-2020-4
solhuge
18/4/2020
18:24
So Tang never worked as a Barrister in London. Maybe his luck has deserted him. Seems to have invested in a lot duds recently. The GCM deal appears to be a high risk gamble or a last throw of the dice.
russman
18/4/2020
16:22
888: Can't believe you're a fan of Tang. I continued to hold when Tang bought in from Dattels because he "is a successful lawyer and businessman with an impressive track record". The more fool me. Strange that you only refer to the investment in Hibiscus; please enlighten me as to Tang's 'success' with anything else in the Polo stable. I don't know at what price you bought in to be so happy with Tang's performance but my POL shares are down over 90%.
alpal2
18/4/2020
15:51
Dattels and Mellon said coal is finished.... Tang bought at 40p now 2p....divided by 20. What a good perf... But meantimes he cashed massive salary....
solhuge
18/4/2020
15:21
8881CB They have not done their research I have filtered the ..... Have a great weekend Maureen🌹 7801;🌹Ӿ01;
spights
18/4/2020
15:02
Thank you for posting that information on Tang. The people who attack Tang on here and GCM should appreciate that Tang is a successful lawyer and businessman with an impressive track record. The Hibiscus investment he made has been very profitable. He bought his Polo shares from Dattels because he believes in GCM which is a very longstanding Polo investment. Success at GCM will totally transform the value and the share price of Polo and Tang is very important to that endeavour.
888icb
18/4/2020
14:16
Some history on Tang
spights
18/4/2020
14:15
KUALA LUMPUR: Hibiscus Petroleum Bhd announced yesterday that it had secured London Stock Exchange’s AIM-listed Polo Resources Ltd as a new substantial shareholder, with an 8.4% stake. In a statement to Bursa Malaysia, Hibiscus said it had entered into a share placement agreement with Polo. Under the deal, Hibiscus issued 90 million new shares at 23.5 sen each to Polo, which invests in mining assets. “Although the oil and gas (O&G) industry is languishing in an environment of oversupply and low prices, Hibiscus is on track to generate positive cash flows and grow its high-quality asset base. We are very excited about the prospects of our investment in Hibiscus,” Polo executive chairman Datuk Michael Tang Vee Mun said. Tang, 42, qualified as a barrister in London and holds a Bachelor of Laws degree from the London School of Economics and Political Science. He was formerly with legal firm Shearn Delamore & Co from 2001 to 2004, and was the youngest partner ever in the firm’s history. In April 2006, he emerged as a substantial shareholder of QSR Brands Bhd — which owned KFC Holdings (M) Bhd — with 18 million shares or about a 7.5% stake, held via his vehicle, British Virgin Islands-registered Giganite Ltd. Tang upped his stake to as high as 29.7 million shares or 12.2% in December 2006, and ceased to be a substantial shareholder of QSR in June 2009, after slowly disposing of his stake. Market talk then was that a tussle was brewing between parties aligned to Datuk Soh Chee Wen and another faction close to Datuk Ishak Ismail for control of QSR’s cash cow, KFC Holdings. Tang was also involved in quite a few large deals, namely the acquisition of Nanyang Press Holdings Bhd by Huaren Holdings Sdn Bhd back in 2001, and the injection of Mid Valley Megamall held under Mid Valley City Sdn Bhd into Kriss Components Bhd (since renamed Kriss Assets Bhd) in 2003. Interestingly, he was also a shareholder of Single Malt Sdn Bhd, a company involved in the sale of single malt whisky. His partner in this business was Datuk Ling Hee Leong, son of former MCA chieftain Tun Dr Ling Liong Sik. Tang is also an independent non-executive director of Tropicana Corp Bhd; he was appointed to the board on Nov 13, 2009. More recently, he founded Mettiz Capital Ltd, an investment company with a 14.55% stake as at June 30, 2014 in Polo. Tang took over the helm of Polo back in mid-2013. In the financial year ended June 30, 2014 — the first financial year under his purview — the company’s loss widened to US$19.01 million from US$16.2 million the year before. According to Hibiscus’ statement, Polo invests in O&G, coal, gold, iron ore, copper and phosphate projects. The 90 million Hibiscus shares placed out to Polo forms a portion of Hibiscus’ private placement exercise. Hibiscus had earlier proposed to place out up to 326.94 million new shares or 25% of its enlarged issued and paid-up share capital. On Aug 6 this year, Hibiscus announced that it is acquiring a 50% stake in Shell UK Ltd, Shell EP Offshore Ventures Ltd, and Esso Exploration and Production UK Ltd in the Anasuria Cluster of O&G fields for US$52.5 million. Together with Ping Petroleum Ltd, which is acquiring the remaining 50% interest, it has jointly entered into conditional sale and purchase agreements for the said purchase. According to the joint statement, the Anasuria Cluster is located 175km east of Aberdeen in the UK Central North Sea, and comprises a 100% interest in three producing fields, namely Teal, Teal South and Guillemot A, and a 38.65% stake in the Cook oilfield, together with the related field facilities. The assets have a proven and producing resource base which provides a platform for further development. Hibiscus, which was originally an O&G special-purpose acquisition company, graduated from the category on May 16, 2012, after it completed its qualifying acquisition to buy a 35% stake in Lime Petroleum plc for RM165 million. Lime Petroleum is an early-exploration outfit and owns three oil exploration concessions in the Middle East. Subsequently, Hibiscus (fundamental: 1.55; valuation: 0.9) also managed to close several deals, which expanded its presence to as far as Norway. However, the independent O&G exploration and production company had been incurring losses for six consecutive quarters since the first quarter ended March 31, 2014, before it turned profitable in the first quarter ended Sept 30, 2015 on gains from foreign exchange due to the appreciation of the US dollar against the ringgit. Year to date, Hibiscus’ share price has plunged 72.41% to close at 24 sen yesterday, with a market capitalisation of RM240.3 million.
spights
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