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Email - not long ago it was reported that Biden gave Ukraine the authority to negotiate the lowering of the sanctions. Whether that has changed I don't know but the last thing I read was that at least for the US Ukraine could use the sanctions as part of the negotiation process.
Saga.... There is a confsuing bit in all this. Zelenski can negtiate with Putin about the war one way or another. But can Zelenski negotiate on West sanctions?... The West say they will bakc Zelensky all the way but I am not sure - and infact I strongly doubt - the West will give Zelensky decision powera about sanctions. In practice, even a peace deal between Zelensky and Putin will not absolutely change anything about sanctions. I am also quite certain that the West will not be as united on lifting sanctions as it was on imposing them...
Thank you Saga for clarifying the Trading Statement situation. Cheers.
Saga
brillant post and well explained wth all the salient points yet again. couldn't have explained it better myself.
Only1WestHam - Good post, don't forget you would also get a dividend yield of 31% at £2.42 and with 4,132 shares at 74p dividend per share you would get £3,057 per year in dividends. Therefore your return in investment is just over 3 years before you get your initial payment of £10k back in dividends alone. As well as potential share growth up to £10+ per share in the future.
Remember last April director Manuel Lino De Sousa-Oliveira bought 2,020 Poly shares for £30,829 (NOT SOLD). Today you can buy the same amount of shares for £4,888 (approx. 1/6 of the price he paid) at a SP of £2.42. Mr Sousa-Oliveira would have had to pay approx £60,000 for 4000 shares last April, that you can at present for £10,000.
Ash11 - The 'Trading Statement' is not an event, therefore that's why its not on their website for upcoming events. The trading statement is an expanded version of sales portion of the Income statement. The trading statement's main objective is to determine sales, cost of sales and gross profit. Check out Next plc on the 5th May for a 'trading statement', it will only be a brief guidance for full price sale, profit and earnings per share as well as cash flow, shareholder distributions and investments. Their may be an update on production guidance if sanctions are starting to bite. As per their Investors Day presentation they stated first half of the year is always the lower end of production as its seasonal with the 2nd half being the higher end of production.
They would only consider POG's POX HUB, no buyout
As per CNBC over the weekend it states Russia are looking to cut their interest rates by a further 2% down to 12%, which will be good for Polymetal's short term finance. (As majority of their long term loans are fixed rates set before Russia drastically increased their intertest rates).
Looking at the threads over the weekend plenty of comments on the board again about the war, so I will say my 2p, after 4 months of war the BBC has finally reported on the concrete dam Ukraine had built shortly after Russia's annexation of Crimea in 2014. Ukraine built a concrete dam cutting off drinking water to people living in Crimea. 2 days after Russia invaded Ukraine the Russian army blew up the dam and water is now back flowing into the Crimea. Was this Putin's first objective, as he has been stating for months before the invasion that the dam was starving residents of Crimea. Russia has now took full control of Mariupol. Putin will try and class this as a major strategic and military success. Putin may want Ukraine not to join Nato (another objective) and the Donbass area to be Independent (final objective,) Donbass maybe what that they can negotiate on as neither side are winning at present. Over the last few days Zelensky has stated the war can only be fully resolved through diplomacy and negotiations. Hopefully to avoid any further loss of life to the innocent Ukrainians they can start to negotiate some terms to end this war soon.
DYOR and G
Buy, pop in bottom drawer, come back in a year and enjoy the divi.
Amazing to think back in Feb it would cost someone 50k to acquire 4000 shares
Buy today at £2.42....£10k invested... 4132 shares
Security blanket, split company? £4.00 sp
Gains...
£4.00 = £16528
£6.00 = £24792
£8.00 = £33056
£10.00 = £41320
Highest SP last 52 weeks - £17.35
Wopping £71690
Plus a divi for life...cor blimey gov that's a steal lol
I'm in, its only my opinion, dyor, gla..