The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Foor you have lost your mind.
The bottom line is most retail holders bought in at rock bottom prices. So even if the £5 a share which is easily obtainable with the Kazakh business alone we will be in good profit.
So what nonsense are you on about.
If you don't like it sell up and leave. Simple.
Polymetal London Telegram Group is a company propaganda channel bought to Telegraph company board policy to small retail.
IanW and SimonO are either Investors Relations or company affiliate or the same EM guy. The steer they give is always company driven. Even in your post it's echoed just like them. The company stop moaning or sell up and leave.
The current company policy is stuff dividends and invest for growth. I bet anyone mentioning dividends is being booted or trashed. It doesn't matter anyhow the board and Nesis will do as they please like Nesis said retail do not vote in other words retail does not matter.
The company has had its day but long term holders whether in paper or a London broker can't sell for various reasons. It's playing out as I always thought. The company main beneficial owners lost billions they have managed to get a plan over the line to get their billions back. Very clever. With the crumbs left over they want to start all over again round two.
You're probably part of the company clan. So so Russian.
This thread is exposing a lot of people who bought into polymetal without
1)knowing what they were buying into.
2) without knowing how a stock exchange works and
3) too lazy to do any research.
The Polymetal London telegraph group of Simon and Ian has its faults. ie they are are a two Russophobes (in my opinion) but are greedy for the profits.
Other than that if you guys believe all the conspiracy theories and nonsense you're writing on this chat here then why don't you sell up and leave and go somewhere where you're happy? Why stay here moan?
Re shareholders blocked by Clearstream.
https://www.clearstream.com/clearstream-en/securities-services/settlement/a24010-3850758
I did well on this stock was lucky to get out at the right time.
Heading clearly a typo - should have been "Warped".
Really hope someone here - or the Poly IR Team - has the time and energy to explain to this person quite how wrong they are.
Whilst this is a punch to the stomach, and probably means that Polymetal won't get back to anywhere near pre war levels any time soon (if ever), I do think one should bare in mind the road that's been navigated. It could have been a POG or an Evraz, not I grant you that this makes it much easier to accept. It would be interesting to know what the Omanis bought in at, but their purchase does show a degree of confidence going forward. I also see a move by the likes of Blackrock to cost average down where possible, so that's a reason to hold for now in my book.
GLASH.
Bought in here at 1400pence. Averaged down at 1040pence. Bought some more at 200pence got my averages down. Never thought the company would volunteer to delist from London. Kazakhstan is like the wild west but east. Gutted lost investment. The Board have changed so much. The head guy looks broken guess losing his brothers voting rights ain't going to be easy. The current narrative of nothing for shareholders let's build for a return to thr London exchange is smile and mirrors. The Oman guys will probably go private offer 4 or 5 bucks a pop to maybe explore Asia. This thing will never be acceptable in London tainted now. Best outcome either settlement in Kazakhstan payment of annual dividend or buybacks go private. Trust in managing guys gone too many slips on promise of what they decide won't happen after they guage market response. CEO should never say this then walk it back false promises a lot of uk investors have been burned by this board. Stupid of them. All they had to do was gift the Russian assets but got greedy and here they are a broken small cap miner in somewhere no one wants to buy shares. Trading in Kazakhstan is pure theatre for the audience. As for the Telegram group read it Company Investment Relations putting out the company narrative.
Best Ftse gold miner turned to an aim stock. Written my holdings off.
Aye.
I gave up reading that group when I realised SimonO and IanW and EM the IR guy are all the same guize. Possibly more profiles who all dance the merry tune. Tow the company line or be booted. Typical Russian behaviour hope they never see the LSE again. They didn't need to leave they could have given the Russian mines away for free like they are and still be in London paying dividends and having access to fluid financial markets. Bod have lost the plot and ruined the company. Where's big blue when you need conspiracy lol.
The administration on the Telegram London Poly group are Investors Relations for the company or an affiliate. Blatantly obvious the longer the circus carries on. I don't know the legality of it a group of people sharing views all based on what the board want so getting retail shareholders to believe the advice is independent when in reality its the company by way of Investors Relations appearing as conscientious individuals who want best for the company.
They pushed Tabys and Certificates so hard. Now look stuck in limbo unless you open a dodgy broker on Kazakhstan.
Quite sad if the company are treating retail shareholders in such a manner
Once a 9 billion pounds mkt cap company paying a handsome dividend with a fantastic management team.
Now the board have been replaced and so the company is going to be a small market cap miner stuck on an illiquid exchange in the backwaters of Asia. Trying to bulk up as the CEO seems to think.
The credit lines of the LSE are long gone. No pox plant of their own and wanting to load up with debt to expand while gold is being suppressed and costs interest rates are rising. Madness by the CEO. Look at Cey stick to what they are doing and stay debt free and become a dividend paying company which will attract shareholders value.
Something smells when you have posters in cahoots with the investor’s related team apparently.
Feel the company has slid along way from its heady heights.
The cynic in me has always had one thought. Even now looking at the trading trends on the AIX. Management thought, hoped, pushed via the London Group Admin, IR whoever they ate. To get out of the UK brokers and register with one of the Kazakhstan brokers. If not that go to certificate or Tabys then to the brokers. Liquidity would increase and shares would be sold. Possibly to an unknown large buyer at these low prices. The transit away from Retail which is of benefit to the larger holders and the company. There's too much retail in here for any boards liking. Hence the continuing doom talk of no dividends and years of bulking up. The CEO is sick of retail moaning having bought in big at way below the likes of Blackrock and other institutions.
But retail are not trading on the AIX retail are just sitting it out which is frustrating Management. Every turn its just sell out then if you don't like what we are doing. There's retail guys with 100s of thousands of shares.
If you look at the trades on the AIX it's all really odd the price moves on one trade at 1 share volume but does not on 100, 000. My bet is Possibly HAYLK the market maker is hoovering up for someone but its all way too slow.
The cynical side thinks Management want you gone and the current play is too get you to sell. The Oman boys will be Management friendly not retail investors friendly so don’t expect much now until the free-floating shares have shrunk away from retail into the big boys accounts. It's just getting a little too obvious now.
The authorities should be persuaded to remove useless sanctions
What are the other options.
Maybe, roll over and let the invasion go unpunished?
(What country would be next on the list? Because there is a list.)
How about a full scale war? I suppose gold would increase in value, so lets pick that.
It's easy to be critical from ones ivory tower.
" Sanctions are for the purpose of punishing and here we give a reward to the person we want to punish"
Could not agree more, there are so many companies with innocent shareholders being forced to take huge losses to so governments can tick political boxes. Not only do I hold POLY but also BP and SHEL, BP had to give away £25bn and SHEL £5bn due to UK government policies and then got hit with a 75% EPL tax but obviously better off than POLY. The main benefactor of these policies is Russia who will end up getting a lot of great assets for virtually nothing, the other result is a closer links between Russia China, India and Iran all caused by our useless politicians.
I'm not American most of the polymetal investors have suffered heavy losses or others who were forced to sell or hang up if the investment is with banks or brokers who stopped supporting the worst stock at the moment, those who transferred to aix the return of the money is problematic and there seems to be no hope. At the moment the control after Nisis sold Polymetal 10 Blackrock 25 Oman 45 funds mostly American remained 20 percent the rest of the world which are English Americans and institutions. In short the sanctions in Polymetal Russia are against investors who have no reason to punish them. On the other hand there is the holding of Polymetal Russia which in order to get out of the sanctions it must sell it. Take a factory that will sell 70 percent of its production parts under duress what is left . Remember this is gold and silver mining and being forced to sell it under pressure is to give a gift to the Russians who will buy it. Sanctions are for the purpose of punishing and here we give a reward to the person we want to punish. It is about gold and money, and the sanctions create a situation where the Russians receive a reward from silver and gold mines that belong to neutral people for less than half the price of the value. Therefore if there are Americans who have access to the sanctions factors in the USA on Polymetal Russia please contact them to remove the sanctions and prevent The forced sale is the only good thing that will happen that Russia will control the gold and silver mines of Polymetal Russia for less than half of their value
Would greatly appreciate any thoughts on the meeting John.
Hhhmmmm I think the picture is very clear now guys 😥😥😥
İn my opinion yes. Post disposal of russian assets I think the picture will be clearer.
Many thanks E.P. Should we be concerned by this part: "The dividend payment will be subject to a discussion with the Omani's" ?
Notes from today:
By my calculation earnings per share from Poly.K are $0.60-0.75.
V. Nesis:
Hoping to dispose of Russian assets in Q1. The disposal deal termsheet will probably be released to shareholders in February. They are down to 1 single buyer.
The buyer is under no western sanctions (and is not a stand in for a sanctioned entity).
Potential buyer is in Russia (they were warned off selling to the Chinese).
Relationship with and perception of Polymetal inside Russia has deteriorated. It is seen as still western ("unfriendly) due to the shareholders. Partly this explains the exit of ICT (A. Nesis is a Russian owner not residing in Russia).
The new Omani shareholders are viewed as a neutral party by the Russian authorities.
Nesis thinks an exit is now more easy which does not damage or devalue the Kaz entity.
In particular; Poly K will still rely on POX processing inside Russia for 3-4 years and so this is crucial to continued business. A clean break from Russian debt liabilities needs to created in the disposal. The deposal will not release the value previously thought. The disposal should cover Poly K's Net Debt though.
V. Nesis is still invested / committed.
To get back on the LSE Poly K will need to "bulk up" and this will take 2-3 years
V. Nesis is committed to staying with Poly K
The Omani's want nothing to do with the Russian entity. AIX listing was also based on a commitment to dispose of Russian assets and needs to be followed through on. Even if the asset is not sold at good value it needs to be done.
The dividend payment will be subject to a discussion with the Omani's and only after the disposal of Russia assets.
Expression of thanks to colleagues at Poly.R who are dealing with all the "crap".
Yet still some alive enough to use the filter button.
This forum is so dead that nobody posts here the "huge excitement" among investors after presentation (bruh) and meeting (uh)? (like if it were any different after previous quarterly presentations).
Thanks E.P - don't know enough myself to check how this all stacks up against John's hopes but look forward to any analyses :)
Https://www.polymetalinternational.com/en/investors-and-media/news/press-releases/31-01-2024/
Of course, possible net closing in on Alex Nesis in Cyprus from sanctions imo is also a factor in selling his stake. But if sale in Russia was close, I think he may have held off from selling. Anyway, we'll see what happens tomorrow.
Good Luck