Member Info for 50glass

WTI is, currently, a tiddler in Polo's portfolio. Current Mkt cap: £6.36m. Polo has 7.06% stake. Therefore £6.36m*7.06%/276,940,000 shares = 0.16p per Polo share. Applying similar calculations to, in addition to Blackham, the two other listed investments, GCM Resources and Celamin Resources, produces 0.5p and 0.22p per Polo share respectively. To complete the ex-cash portfolio, I have the following unlisted investments as value per Polo share: Nimini Holdings 6.29p Signet Petroleum 4.89p Regalis Petroleum 2.05p Equus Petroleum 0.68p Ironstone Resources 1.84p* * There was a change in Polo's stake a few months ago. Frankly I'm not totally clear as to what it now is (c.19%?) so I'm awaiting the report and accounts and its disclosure of significant, post reporting period, developments. Whilst the four quoted companies have published Mkt caps, the values for the unlisted companies are my best estimates, for my personal use, on which no one should place any credibility.

Norway is not in the EU however has to accept EU regulations as a price it must pay to trade with the EU. If the UK left the EU, it would still have to play by the EU rules if it wanted to trade with EU members. Much better to be in the club, negiotating the rules and regulations, rather than being outside the club and simply having them imposed on you.

Hi. It is over about the last month. I tend to update my calculations of Polo's NAV every three months or on the announcement of significant news, of which Blackham's is an example although, so far, the effect on Polo is modest. Hopefully the forthcoming release of Polo's latest annual report and accounts may allow me to refine my calculations for Polo's unlisted investments which are otherwise based on a variety of external references, such as the oil price. I currently have a NAV per share of 23p which is below the Bod's last reported of 27.7p. As of today Blackham has a Mkt cap of A$46.62m. Polo holds 10.65% of Blackham's equity. There are 276,940,000 Polo shares in issue. The £/A$ exchange rate is 2.09. Therefore the value of Blackham per Polo share is A$46.62m*10.65%/2.09/276,940,000 = 0.86p. Whether Polo, as a major shareholder of Blackham, could release the NAV by selling its holding is a moot point as it might have to accept a lower selling price. I base my NAV on Polo remaining a long-term investor in its holdings.

The recent increase in Blackham's market capitalisation is worth 0.2p per Polo share. Until and unless Blackham becomes a 'ten bagger' the effect on Polo will be modest.

I'm in here for the long haul as some/all commodity prices will recover. I suspect that the sp is below the cash value due to concerns that it may need to be spent on bringing some of the commodity investments into production. Provided the BoD spend it wisely there should be,at some time in the future, a positive leverage from investing the cash.

Little trading today ahead of next week's results which should: a) confirm the timing and sum per share of the cash distribution; 140-145p was latest BOD guidance, b) provide sufficient information to enable an up-to-date valuation of the residual business. I'm positive about the announcement producing another increase in the sp.

Approachng 1 million shares purchased so far this morning. Way above usual trading levels.

Today's announcement from Trifast appears another astute purchase: Acquisition of Kuhlmann extends TR's European presence into the German market

Appreciable increases in turnover, profit and divi plus healthy cash balance to underpin business expansion. Very satisfied.

SP has been on a downwards trend for some time with no obvious reason. Hopefully tomorrow's results will reverse the trend. As far as I can establish, trading has continued to perform well, with an increasing number of stores experiencing revenue increases following the rolling refurbishment programme aided by online sales.

Remaining independent is further justified by today's trading update which indicates further significant growth.

Today's intermin report includes a frank view which, irrespective of the validity of its contents, is refreshingly different to the statements I've read over many years from many other chairman. Only possible on AIM I assume.

Drop in sp appears to be due to major share sales rather than the results themselves. Sp may well 'correct' in the next few days.

Reported today that we may be the subject of M&A activity. Looks like someone agrees with my 360p valuation :))

Today's announcement of a contract win is, I suggest, linked to the low oil price and may therefore, I can hope, be the first of others.

Champagne on ice.....

Positive results issued today. T/O up almost 25%; profits increased; divi increased; debt reduced; management positive about the future. And the Market hits the sp. Yet again, another opportunity to increase my stake in a worthwhile growth story.

Reading all the positive posts here, seemingly based on nothing more than hope, reminds me that Charles Mackay's book is still in print: http://www.amazon.co.uk/Extraordinary-Popular-Delusions-Wordsworth-Reference/dp/1853263494

Fastnet is entering a new market and has yet to prove its capabilities. A good explanation for all the recent ramping comments is available at: http://www.amazon.co.uk/Extraordinary-Popular-Delusions-Wordsworth-Reference/dp/1853263494#immersive-view_1440749959869

'Buy' in today's Times follows positive reports in FT and IC.