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Share Name Share Symbol Market Type Share ISIN Share Description
Polo Resources PLC LSE:POL London Ordinary Share VGG6844A1158 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  -0.10p -2.35% 4.16p 48,354 16:35:17
Bid Price Offer Price High Price Low Price Open Price
4.02p 4.30p 4.26p 4.02p 4.26p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -5.75 -1.85 13.0

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Date Time Title Posts
19/1/201900:08POLO RESOURCES15,129
16/8/201617:04FORGIVE ME IF I AM BEING STUPID BUT ...........14
23/3/201619:00Ban cadbury-
05/3/201517:02get your snout in this trough.5
18/9/201410:29please god make jocks vote YES!-

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Polo Resources (POL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-01-18 13:08:294.025,679228.30AT
2019-01-18 12:59:544.0516,000648.00O
2019-01-18 11:58:224.055,000202.50O
2019-01-18 08:23:224.2610,347440.78AT
2019-01-18 08:05:214.0511,328458.78O
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Polo Resources (POL) Top Chat Posts

Polo Resources Daily Update: Polo Resources PLC is listed in the Mining sector of the London Stock Exchange with ticker POL. The last closing price for Polo Resources was 4.26p.
Polo Resources PLC has a 4 week average price of 3.60p and a 12 week average price of 3.60p.
The 1 year high share price is 5.40p while the 1 year low share price is currently 2.70p.
There are currently 311,789,151 shares in issue and the average daily traded volume is 803,184 shares. The market capitalisation of Polo Resources PLC is £12,970,428.68.
g0ldfinger: Hi beergut, “Net Asset Value per share as at 14 December 2018 was approximately 15.73 pence per share“ HTTPS:// The subsequent rise in value of GCM has been mostly offset by a slight fall in the value of Hibiscus. I don’t know of any other significant changes since 14 Dec, so I reckon current NAV is probably still around 16p per share. Keeping an eye on Hibiscus warrants. The way they’ve maintained such a high price suggests to me that holders are expecting Hibiscus shares to be trading considerably higher before the warrants expire in 2021. Polo’s Hibiscus warrants and GCM convertible loans could seriously boost the NAV if Polo get the timing right.
russman: Tang does not seem to be taking any active steps to narrow the share price discount to NAV.
888icb: Share price 3.6p NAV 15.73p This is insane. The share price is at such a massive discount to NAV it makes no sense.
alpal2: NAV. Can anyone complete updated NAV if only for quoted shares: Number of shares / Share price / Total value GCM ??? Hibiscus ??? Other ??? Divided by Polo shares in issue = 330million? Spight, maybe you or other can help?
ceaserxzy: It should cash in some chips in Hibiscus and return some money to its rightful owners/shareholders, which should boost the share price and reduce the sky-high discount. Alternatively it should buy back shares. What new investment can offer it an instant almost 200% return by buying back its own shares???
shawzie: Perhaps Polo Resources share price would be re-rated if it was moved from the Mining sector to the General Financial sector.
failedqs: Shawzie - Tang is rapidly recovering his investment outlay with his totally obscene pay and benefits package. I admit the NAV is looking healthy but given the record of Tang, shareholders will not benefit from this. Did they ever publish the new incentive scheme details?I sold out long ago but keep an eye on polo - it must be hugely frustrating for all long term holders to see the lack of share price action, but you have to ask why the market continues to apply such a massive discount to NAV - the conclusion is that "something is not right"
shawzie: "The Directors may propose a special dividend or implement share buy-backs from time to time but the objective will be to achieve returns to shareholders through the appreciation in the value of the Company’s shares rather than by means of distribution. There is no fixed term for the life of the Company." I cannot see any distribution of funds to shareholders until the share price allows Mr Tang to recover his investment in Polo. Hibiscus Petroleum share price should follow the market price of oil- up and down.
spights: Posted on iii by small holding As far as I can establish, the current holdings for their listed holdings are as follows O Blackham (5.98%) share price 0.22AUD, current valuation £2,739,094 (Difficult to establish exactly how many shares Polo hold because it is shown through nominees) GCM (21.2%) 17,494,000 shares, share price £0.44, current valuation £7,697,360 Hibiscus (9.22%) 138,900,000 shares, share price MYR 0.73, current valuation £18,245,940 Weatherly (5.2%) 54,852,859 shares, share price 0.7p, current valuation £383,970 Current Valuation £2,739,094 - Blackham £7,697,360 - GCM £18,245940 - Hibiscus £383,970 - Weatherly Total valuation £29,066,364 Not listed Universal Coal Resources (20%?) Ironstone Resources (18.8%) Nimini Holdings Ltd (90%) Regalis Petroleum (11%) Celamin Holdings Ltd (12.7%) At the time of writing Polo share price 3.51p x 311,789,151 shares in issue = £10.94M market cap My calculations are there to be shot at but I think they are close. If Polo are genuinely trying to attract investors I can't why isn't this information isn't released on a regular basis, say quarterly. Even giving the bottom 5 investments a zero valuation, the current market cap of Polo is only a third of its listed assets
spights: 2015 POLO RESOURCES LIMITED ("Polo" or the "Company") POLO INCREASES DIRECT INTEREST IN BLACKHAM RESOURCES Polo Resources Limited (AIM: POL), the natural resources investment company with interests in gold, oil and gas, coal, iron ore, copper and phosphate, is pleased to announce an increase in its direct interest in Blackham Resources Limited ("Blackham") (ASX: BLK), an Australian gold exploration company listed on the Australian Stock Exchange. Polo has agreed to acquire 10,000,000 ordinary shares of Blackham for AUD$2.1 million (approximately £980,000) or AUD$0.21 per share, a 10.6 per cent discount from Blackham's closing share price on 18 November 2015, from Perfectus Management Ltd ("Perfectus") by way of issuing and allotting 25,016,484 new Polo ordinary shares at an agreed price of 3.92 pence per share to Perfectus, a 36.11 per cent premium to Polo's closing share price of 2.88p on 18 November 2015. Perfectus is a 49 per cent owned associate of Polo. Blackham had audited net assets of AUD$17.75 million as at 30 June 2015. The new shares will represent 8.28 per cent of Polo's enlarged issued share capital, bringing Perfectus' total holding in Polo to 10.92 per cent. Upon completion, Polo's undiluted interest in Blackham will increase from its current direct holding of 2.37 per cent to 7.36 per cent, resulting in a combined direct and indirect holding of 10.3 per cent, of which 8.8 per cent is attributable to Polo. Application will be made for the 25,016,484 new ordinary shares, which rank pari passu with Polo's existing issued ordinary shares, to be admitted to trading on AIM. Admission is expected to become effective on or around 24 November 2015, following which Polo's enlarged issued share capital will amount to 301,956,793 ordinary shares. The Company does not hold any ordinary shares in treasury. Datuk Michael Tang, Executive Chairman, commented: "Our increased interest in Blackham demonstrates confidence in the potential for this company to generate strong shareholder returns. "The recently released Pre-Feasibility Study for Blackham's Maltida Gold Project demonstrates robust economics and a relatively low capital requirement to reach production. Blackham's management team expects to complete the Definitive Feasibility Study by first Quarter 2016 and continues to add significant tonnages and grades to the gold inventory."
Polo Resources share price data is direct from the London Stock Exchange
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