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.... and the adjusted chart on HL shows 7.61p just before it bombed down to near the placing price incorrectly shown as 2.17p by 19th Dec 2014 after the re-financing measures were announced on the 8th Dec. The prospectus for the '157 for 10 Rights Issue at 5p' wasn't published until Feb 2nd 2015 - I don't think the RI would have been quite so successful if you could buy on the open market at less than half the fund raising offer! I think it's settled then but I hope C of E doesn't feel ganged up on just a misunderstanding :)
I think we are all in agreement then, bar the old shrewdy. Nice weekend all.
"On 19th Nov 2014 I bought some stock at 21.44p "
If any further proof were needed, the lse chart shows the closing price for that day as 21.25p
REAL CLOSING PRICES.
4th Nov 2014 - 26p
31st Dec 2014 - 14.75p
30th Jan 2015 - 13.5p
The above prices are from both Lloyds and Reuters paper statements on the date shown.
Anyone who thinks that the sp in Dec was just above 2p, might wonder how POG could get an RI away offering 15.7 new shares at 5p for every existing one held.
"and only asked for you to support your findings like I did."
I have supported my findings with facts (ie 3 real trades), not by simply finding another company that has copied the re-adjusted prices of the first. Do you not have details of any trade you made before Mar 2015? If so publish a price and date that you bought or sold at.
That is the way to establish the truth of the matter, not how many sites you can find, that agree with your view.
PS: I have found some old paper statements from that period. These show the closing price at the end of the month. I will publish them in my next post.
CofE okay so you were in before the RI, try this with your first trade. This is particularly painful for me so I hope you appreciate it. On 19th Nov 2014 I bought some stock at 21.44p thinking it couldn't go any lower (cue maniacal laughter....). On that date on the adjusted charts the price is showing as 7.61p and then the subsequent drop to an APPARENT 2.17p. Even I couldn't have accidentally paid almost three times over the odds as broker software is designed to offer you the best quote, no the chart has been recalibrated following the RI. When you say "Even if it’s adjusted it’s adjusted to 2.odd pence meaning it was once worth 2.odd pence", sorry that's plainly incorrect.
Ok without any news. Has anyone got any hot tips? Happy to discuss on that board not wanting to fill this one in the incorrect way.
Let's not dwell on the awful past peeps. We have come a long way and lots of legs left to go further!
Hey all. All I’m saying is everything worth a carrot says as low as 2.odd pence. Even if it’s adjusted it’s adjusted to 2.odd pence meaning it was once worth 2.odd pence.
I do remember it dipping, as low as 2p I can’t 100% say but well below the rights issue because I do remember, if you want to contact them that’s fine. I look for no arguments just peace.
Regardless I’m up on this investment, despite being down for an extended period. Something says keep holding for a few more years yet. This has legs I’m sure. Just wish some of my other one come back up soon.
Plus really hope everyone makes a few pounds, including Kenj.
CofE mate don't want an argument but I think we got to the bottom of this, do you have a trading history before the RI? We could actually settle this once and for all as the Investor Relations department are very approachable.
Not wishing to prod my nose in too much but I can 100% guarantee that not one dear soul has purchased a single Petropavlovsk share for less than 3p. Rusty, we didn't take our eye off the ball as it didn't happen. Some bright spark spoke of the graph having been recalibrated which is spot on imo. Nice to see you back CofE. Can't wait for next month's election! You still still hanging a bit to the left you old shrewdy?
What’s with all the pent up aggression? Who really cares? I have in the past enjoyed reading some of your posts and only asked for you to support your findings like I did.
If you need to be right then so be it, it makes no odds to me. I never meant to upset you and apologise if you are in a fragile state at this time.
All I will say is none of us know each other, so let’s try not be nasty while sitting behind a computer.
I hope you manage to recover some of the losses you made between 2013 and 2014, during the buy high sell period of your investments into POG.
cofE looking at the chart you supplied, that does seem to indicate that the price for a couple of days was less than 3p. I can not recall that, and as the price immediately afterwords is in line with the prevailing share price, maybe just maybe we all took our eye off the ball just before christmas, in a very low trading environment and it did actually hit that point. It could have also had a very big spread at the time because of low trading.
Anyway its in the past, unless people bought and sold at these prices it is irrelevent so lets move on.
I have found a source that is correct (LSE) and verified it with three old trades, so why should I search for another data source?
You on the other hand have found 4 sources that are wrong, and have not bothered to verify any of them.
Check any pre Mar 2015 trade that you have made, with any of your four sources, and get back to me with the results. Basically put up, or shut up!
My post on Tue at 16:59 explained why your sources are wrong.
Sorry for being quiet recently. Although my last post was only on Tuesday at 15:40 (less than 2 days before your post). Take out work, 2 dinners, 2 breakfasts, 2 lunches, spending time with my family, a church meeting and sleep, I was a little pressed for time.
Regardless of who is right and I am right :) we should look to the future not to the past. Plus let’s be fair all I asked was for you to provide a second provider to support your values, as I provided 3. I still await your findings.
Now this is lovely treat for you, source 4 The London Stock Exchange. Which also shows the drop ;)
Please back up your value :) with a viable source, as I can’t see why the 4 sources I provided would lie.
The answer to that is simple. As Shedulike has said, people just need to check their own pre RI (Mar 2015) trades using the sites available.
Is the LSE chart right as I have claimed?
Or is Yahoo, Apple, HL, or POG's charts right as CofE has claimed?
CofE has gone very quiet recently, after posting repeatedly that I was wrong, and listing all the sites that agreed with his 2.168p in Dec 2014 claim. He does not appear to have verified any of his own older trades using his preferred sites.
"Oh it did drop below 4p and drop below 3p :) or factual data rubbish too?"
Yes CofE total rubbish! How can you remember something that never happened?
Who provides the most accurate historical share information? I normally use Yahoo because you can download history going back many years but it looks like it is misleading due to rights issues, share consolidations etc.
I found the London South East chart (link above) to be very accurate, ie un-adjusted, but it only goes back to Jan 2012. Give it a try if you have made a trade between 2012 and Mar 2015. Alternatively tell me the date and I'll give you the sp on, or near the day.
PS: I just retried it with my first trade, made on 14 Feb 2013. It was spot on at 342p.
Kenj I think we're basically in agreement but to prove that the chart and related figures have been readjusted it's necessary to compare a trade made before the RI with the figures now showing on the chart. On my example from Feb 2011 the figures are out by a factor of almost x3.
I have just checked two of my earlier trades against the LSE chart.
22 Oct 2013 buy at 71.375 and 27 Jun 2014 Sell at 46.27.
The chart takes a bit of manipulating and I could only get it to alternate days, but both trades were within a couple of pence of the closing price shown by the LSE chart. So LSE do not like Yahoo, POG, HL and others appear to have doctored the figures to allow for nearly 16 times more shares in issue following the RI.
Try it yourself with an historic POG trade of your own, CofE.
I don't give a stuff what Yahoo say!
I explained in my previous post why their figures are wrong.
According to Yahoo finance closing price was 2.17 on 19th Dec 2014, 2.28 on the 22nd, 2.26 on the 23rd and 2.24 on the 24th. 15th December was 2.73.
"Don’t believe everything you read on LSE"
I don't CofE. I rely on my memory and the sp has never dropped much below 4.5p. Quite frankly I am not sure that the 7.61p that LSE gave for 15th Dec 2014 is correct. I thought it was a bit above that then, as the RI had not even been announced, but who knows?
As Shedulike says when a share consolidation or rights issue occurs the graphs can look ridiculous if the actual price paid on a day in the past was displayed now. Instead analysts try to re-average the price paid then, but using the current number of shares in issue today. This gives a fairer idea of how a share has increased or decreased in value, but is very different from being the actual price that people bought and sold for then.
Can't pretend to know much about this but pre Rights Issue did the share price not go down to 5p, as forecast by our superiors at the time? The 2.3p (or whatever) is just the modern day equivalent of the 5p given we've now progressed through the RI and there are duly lots lots (lots) more shares in the public domain. Probably way off here but I thought it worth a stab!
CofE I think those charts get re-calibrated with the extra share capital after the RI. The highs aren't as high either - I just checked my dealing account and I sold some POG in Feb 2011 (why oh why not all my holding!!) for £10.80. The highest price in Feb 2011 on the chart is £3.69