Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Very reassuring to know that you have to keep proving your worth to me gentle tiny but hey, well done buddy you certainly seem to know what you are doing… I hope and you seem to keep wanting some type of affirmation 😂😂😂 do you have low self esteem like the majority of trolls on here 🤷♂️
"Found another £200, just in, rude not to..."
Have a nice weekend 🤡
#destiny
And foot on _____t
Cheers again
😉
JAB - This is what HL said in May 2023:
Question - Can I withdraw my holding into a share certificate?
HL's Answer - We do not offer a certificated withdrawal service so are unable to send you a certificate for your shares.
Watch that blood pressure, man of your age needs to be laying down more and ranting about inconsequential trivia less.
That’s the thanks you get by investing in a terrorist state company 🤷♂️
HL Said no to certificate. NO CERTS.
CAWN, HL DID allow certificates and gave notice of such, it was the late in the day offer to hold shares in limbo that caught some out as they had very little time to decide which way to go, or had converted anyway and couldn't go back. You're complaining about paying a small fee when you will get growth and dividends free of tax? Either you have a terrible memory (because you did get the option) or like a good whinge. Grow a pair yer Jessie.
They never allowed certificates, hence the mess it is. At an average above 1300p your either are stuck or f$$ked. I wanted out with a certificate, so they now charge against a price on an exchange in Russia I guess? Sanctioned, delisted because of association to Russia, now valuation against the very country it is delisted for? Clown world.
"F$$king crooks, must be illegal cannot be fair or legal?"
I don't bank with HL, but as a neutral I think HL should be entitled to charge something for keeping the stock in SIPP or elsewhere. I am with ii and they set a deadline for holders to move stock out or request certificate and those who didn't got their stock liquidated and money added to account. It seems HL did not do that (liquidate holdings) and as a result value of your stock doubled since and imo will keep on rising.
The holders with HL bears responsibility for the current predicament regards POLY stock.
Hargreaves the crooks are using the 448p to charge a fee in a SIPP and ISA.
Management fees are being charged as of today.
This message pops up in their portal next to the Polymetal SP.
“This may not be the current price, but is the most recent we have available online”.
F$$king crooks, must be illegal cannot be fair or legal?
IMO if POLY fails to get a decent price, then they won't sell; the wider company and its officers are not sanctioned and hence no harm in its Russian subsidiary which is massively profitable (EBITDA north of $1bn in 2023 according to Mr Nessis) to continue trading.
In such a scenario, Russian entity which owns most of POLY debt can clear loans literally by end 2024. Divis are unlikely to flow until there's a Russian resolve imo and without such resolve in the near future, a MASSIVE retrospect divi is possible when the war ends and sanctions removed.
We need not worry in the meantime as Kaz business is worth more than the current sp which can only move up.
Fingers x'd..............
Interesting thoughts JohnNth. It sounds as though you're leaning towards feeling on balance that Poly are more likely to hold off selling and wait for better times.
Regarding dividends, do you think it's reasonable to hope/expect that any sort of retrospective divi will eventually be arranged to cover the missed period?
50% discount is for companies from non friendly jurisdictions. That does not apply to Poly. The sticky issue for Poly is that zlyou are selling a sanctioned business so the buyer will "struggle" to sell the gold.
Also Poly has committed to the AIX to sell PolyR so the buyers know this and that weakens Nesis hand . But yes fingers crossed
"If / when Poly split off their Russian business what shares will we be holding in HL?"
I think exactly the same as what one is holding right now. Assuming a decent sale price, shareholders can expect a special divi to compensate for owning shares in a much smaller company going forward.
Big question is, will POLY get a fair sale price? At first, it appears highly unlikely...going by other western companies diversifying away from Russia. But POLY is based/registered in friendly jurisdiction of Kaz, so should not face such penalties.
And given POLY have avoided all sanctions to date, it is unlikely to sell Russian business if it gets next to nought for its assets. It would hold on and accumulate cash till when the conflict ends and sanctions lifted. Most recently, there has been a purge on oligarchs living in EU countries; not sure where Mr Nesis fits in given he resides in Cyprus.
Russia's government demands discounts of at least 50% on deals involving departing companies and this may be a too high a price for POLY to pay to exit Russia. Further, a sale agreement by a departing company, Hyundai of Korea being the latest, signing agreement whereby they sell their assets in Russia for a nominal fee and include buyback options that could one day allow them to return is a non starter for POLY either, as it is a strategic industry earning hard currency and can be run by Russians without foreign help.
Fingers x'd...........
If / when Poly split off their Russian business what shares will we be holding in HL?
Cawn's is one way of looking at it. Another is that it's their standard fee, so why should it change?
Personally I'm over the moon with the move and resulting price rise of 60+% .
I would have been even happier to have my shares and divi's protected from capital gains tax, (they unfortunatly are not). Remember, people had the choice to remove their shares from all accounts before the redom.
With a present price of £3.50 and (war not withstanding) a potential move to let's say £6.50 in a couple of years (fingers crossed) it would only need a holding of 2.500+ shares or so to start paying CGT if they were all sold in any one tax year , not even taking into account any dividends.
What will happen if the russian unit is sold at a good price with any disbursement makes the safe harbour even more tax advantageous.
Just my view.
GLASH
I suspect Cawn is correct!
its de-listed from any exchange hl works with so its their **** up as usual. gives them the right to charge management fees, isa/sipp of 0.45% on 448p instead of 0.45% on 0. ******* crooks.
My account is showing poly aswell, makes my sipp a little bit better. You can't sell on hargreaves so a long hold for me until the Russian assets are sold off.
As stated previously... HL are happy to act as custodian of Poly shares in your account and will collect any future divi's... but you are not able to trade them via HL until they relist on LSE
The price info they are now showing may be $dollars and not £pounds !!
But heyho, maybe someone's been imbibing too much Xmas Spirit !!
Happy New Year y'all..
🎅🎅
No way it could be true - is there? - but pretty unusual mistake isn't it?
It is showing on my account as well (Price £4.48). I think it must be a mistake.
Are you sure..?
Poly back on HL, is it a mistake?