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
  +0.04p +1.22% 3.31p 2,432,163 16:35:16
Bid Price Offer Price High Price Low Price Open Price
3.12p 3.50p 3.48p 3.12p 3.12p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -4.96 -1.59 10.3

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Date Time Title Posts
20/9/201818:13POLO RESOURCES14,977
16/8/201618:04FORGIVE ME IF I AM BEING STUPID BUT ...........14
23/3/201619:00Ban cadbury-
05/3/201517:02get your snout in this trough.5
18/9/201411:29please 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
2018-09-20 16:06:073.19250,0007,962.50O
2018-09-20 14:51:223.4850,0001,740.00AT
2018-09-20 14:50:213.4858,6092,039.59AT
2018-09-20 14:50:213.48140,0004,872.00AT
2018-09-20 14:50:213.4851,3911,788.41AT
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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 3.27p.
Polo Resources PLC has a 4 week average price of 2.79p and a 12 week average price of 2.70p.
The 1 year high share price is 5.70p 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 122,048 shares. The market capitalisation of Polo Resources PLC is £10,320,220.90.
spights: We have a huge winner with them But it will be a few years before it will reflect in the share price Look at their vanadium unbelievable amount
gemlotte55: Any reason that the share price doesn't reflect the Nav
shawzie: Just looking at the Polo share sales in the past two weeks, I can only guess that MMs keen to divest themselves of such shares will be dropping the share price - or is there a greater problem that we know nothing about?
shawzie: Why would M Tang pay 4.5p when he can accumulate shares at the current market level of around 4p? It is not in his interest to see the share price rise.
failedqs: Utterly shameless money-grab by the buffoon Tang.I'm no longer a holder, but those of you still holding must be sick of the continuing share price weakness. Tang is obviously bleeding the company dry of its cash with his crazy remuneration and now has set his sights on grabbing shares too. Didn't Evil Knievel ask him if he was either incompetent or a crook? Did he get an answer??Would I consider buying into polo again? Not a chance. This will implode one day, after all the cash has gone.GCM too - that's going the same way.
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
roomb: Airdrie, you say the share price dropped because of the commodities slump. OK, but how does that explain the massive gap between the share price and the NAV? do you think that some of the failed investments might have something to do with it? What event or events do you think might cause the share price to rise, given that any new investments are an unknown quantity at present? Spights and 888ICB you post that Blackham is up and encouraging info about quarterly gold production but that has had zero effect on the share price , unfortunately. The only event that I can see that would cause a large increase in the share price would be the green light for GCM. I think that's a gamble, albeit a long shot, that is worth waiting for. But I'm not sure for how long. There's an excellent economic argument for coal in BD, but there are strong political reasons that it hasn't come to fruition so far. Maybe that will change.
paleje: Macquarie Bank published an article on gold on Wednesday, the bulk of it is BLK starts about 1/3 down but the whole article is readworthy:- Macquarie says never a better time to build an Australian gold mine Macquarie says never a better time to build an Australian gold mine Published on: Sep 14, 2016 | by Trevor Hoey Analysts at Macquarie Wealth Management highlighted in a recent review (Australian Gold Miners: 12 September 2016) of the global gold sector that there had never been a better time to build an Australian gold mine with developers benefiting from low operating and capital costs, highly skilled workforces and contractors, as well as the benefits of a lower Australian dollar relative to the US dollar. The broker’s preferred plays among miners in the development stage are Gold Road Resources (ASX: GOR) and Dacian Gold (ASX: DCN). However, in the last 12 months shares in Dacian Gold have increased from circa 50 cents to recently hit a high of $4.00 (+700%) and are currently trading within 10% of that mark. GOR’s shares more than doubled in 2016 to hit a high of 75 cents, but have retreated to 60 cents in the last two months. It should be noted here that analyst’s forecasts and price targets may not necessarily be met. Similarly, historical trading patterns should not be used as the basis for an investment decision as these may not be replicated in the future. A large percentage of gold stocks that rerated strongly in the first half of 2016 have come off over the last two months as sentiment towards the sector cooled. This is reflected in the S&P/ASX All Ordinaries Gold index (XGD) which hit a high of 5760 points in July, but has since fallen to yesterday’s close of 4664 points, representing a decline of nearly 20%. In delivering its take on the sector, Macquarie provided extensive analytical overviews of global metrics taking into account projected production, capital expenditure, operating costs, PE multiples and enterprise value to EBITDA ratios. Examining individual stocks in the universe of companies covered by the broker and taking into account averages for both global and Australian based developers there was one company in Blackham Resources which sits outside its area of coverage that had comparatively compelling fundamentals. Blackham Resources gld Blackham Resources (BLK) is at an attractive stage in that much of the hard capex intensive work has been done in terms of development, and material production is imminent. Of significance though is the fact that production is poised to ramp up substantially over the next 2 to 3 years as the company expands existing projects and increases output by tapping into its four large gold systems which have a combined resource of circa 5 million ounces. Consequently, there is better visibility around costs, production and earnings than is generally the case with developers that are more than a year out from maiden production. While management anticipates combined production to hit the circa 200,000 ounces per annum mark in the medium term, in order to make meaningful comparisons with companies analysed by Macquarie we have focused on the group’s fiscal 2018 profile. gld2 As is the case with any stock, BLK’s metrics are impacted by share price movements and it is worth noting there has been a pullback from a 12 month high of $1.18 to Tuesday’s close of 76.5 cents since sentiment towards the sector waned. Given that this represents a 35% decline, substantially more than the pullback in the gold index, the company’s current trading range may represent a useful entry point. As a means of reference, the 12 month consensus price target is $1.15. Reg Spencer from Canaccord revised his numbers in mid-August, prompting an increase in BLK’s price target from $1.05 to $1.20, implying upside of nearly 60% to yesterday’s closing price. The numbers tell the story Based on BLK’s current share price it has a market capitalisation of $216 million. The company had net cash of approximately $3 million taking into account debt of $29.3 million as at June 30, 2016. Consequently, its enterprise value is approximately $213 million. The average enterprise value to EBITDA ratio of Macquarie’s universe of Australian junior ‘intermediaries’ (currently producing, but ramping up production in the near to medium-term) relative to fiscal 2018 projections is four. BLK’s fiscal 2018 enterprise value to EBITDA ratio is 2.2 relative to Canaccord’s expectations of the company achieving EBITDA of $95.4 million in that year. These projections are based on the company achieving production of 105 million ounces, a US dollar gold price of $1391 per ounce and a AUD:USD exchange rate of 73.3 cents. This would imply an Australian dollar gold price of $1896 per ounce as opposed to the current price of circa $1760 per ounce. Analysts at Macquarie highlighted the impact of historical trend whereby the Australian dollar generally falls in the event of US dollar gold weakness, effectively providing a hedge for Australian gold producers. Consequently, Spencer’s projections look close to the mark. Using a PE multiple comparison, BLK really comes into its own, trading on a fiscal 2018 PE of three. This compares with Macquarie’s average junior Australian producer intermediary multiple of 10. Canaccord is forecasting BLK to generate a net profit of $62.9 million in fiscal 2018, implying earnings per share of 25 cents. Applying the average PE multiple of 10 would imply a share price of $2.50, a premium of 230% to yesterday’s closing price. If BLK were to trade in line with its peers on an enterprise value to EBITDA basis this would imply an enterprise value of circa $380 million which would translate to a share price of $1.35. Remember, past share price performance do is not guarantee future performance and a professional financial advisor should be sought if considering this stock for your portfolio. Consequently, comparisons of metrics as outlined above suggest that BLK could rerate in the near term, but at the very least outperform its peers if sentiment towards the sector (particularly Australian producers) recovers
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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