Member Info for BoracicLint

Exactly. Unless I've got completely the wrong end of the stick, it doesn't mean the SP is zero - they have to do it for system purposes. The real SP would only become zero if they went out of business/bankrupt and that is not happening.

The worst may be that POLY is suspended like EVR but can't think what current grounds this would be based on. More likely in the short term is that liquidity will be less as a result of fewer brokers offering and so this might become difficult to trade.

I did a couple of day trades on this and did ok. Bought some more at lunchtime today and accept that I may not be able to do anything with them for days/weeks/months. However, my view is that they will more than double in a short period after normal trading resumes. In turn, that depends on successful peace talks and guess there will be many twists and turns until peace returns.

My thoughts are with all the people directly affected - let's hope current talks grow into something meaningful.

My understanding is that while POLY (and EVR) will be delisted from the FTSE Russell indices at the end of the week, they will still be able to be traded, so the companies themselves are NOT being delisted nor their SP reduced to nothing.

From what I've read, it seems tracker funds/ETFs etc will need to remove their shareholdings and that selling will presumably put temporary downward pressure on the SP. As many brokers seem to be stepping back from these shares their liquidity may also reduce in the short term.

Both companies are big and both continuing their day-to-day business; while cancellation of the divi in EVR was disappointing it is is understandable and that value is still retained. I wouldn't be surprised if the same this happens with POLY.

Provided some kind of ceasefire or peace can be agreed, surely both companies have a very bright future and ought to recover substantially from the current SP (once EVR is allowed to trade again by the FCA).

For the record, I don't want to sound heartless about this but I am invested, like the rest of us, to make money. My wife is Ukrainian by nationality, half-Russian/half-Ukrainian by parentage with her first language as Russian and used to live in Lugansk. Her home city has been an economic wreck since 2014 and piled on top of that she has relatives in Kiev who, thank god, have been safe so far, with others in Crimea and Russia. That is one person - I hope it helps you realise the situation is far more complicated than is presented my any of the main news channels.

Let's hope for an end to the invasion and lasting peace without a dismembered Ukraine.

My understanding is that while EVR (and POLY) will be delisted from the FTSE Russell indices at the end of the week, they will still be able to be traded, so the companies themselves are NOT being delisted nor their SP reduced to nothing.

From what I've read, it seems tracker funds/ETFs etc will need to remove their shareholdings and that selling will presumably put temporary downward pressure on the SP. As many brokers seem to be stepping back from these shares their liquidity may also reduce in the short term.

Both companies are big and both continuing their day-to-day business; while cancellation of the divi was disappointing it is is understandable and that value is still retained.

Provided some kind of ceasefire or peace can be agreed, surely both companies have a very bright future and ought to recover substantially from the current SP, once EVR is allowed to trade again by the FCA.

For the record, I don't want to sound heartless about this but I am invested, like the rest of us, to make money. My wife is Ukrainian by nationality, half-Russian/half-Ukrainian by parentage with her first language as Russian and used to live in Lugansk. Her home city has been an economic wreck since 2014 and piled on top of that she has relatives in Kiev who, thank god, have been safe so far, with others in Crimea and Russia. That is one person - I hope it helps you realise the situation is far more complicated than is presented my any of the main news channels.

Let's hope for an end to the invasion and lasting peace without a dismembered Ukraine.

I know the feeling. Topped up at 112.75p shortly after 4pm and now price going bonkers.

Er, don't think this goes ex-div until May, so that alone is not a reason to buy now. Are you getting confused with Evraz, which does in a couple of days?

Biden may announce the ban - but I understand it will only be the USA. Germany and the Netherlands already said on Monday they will NOT do this (because of Russia's threat to then cut off natural gas). I would think the US can make any jump in the oil price less bad for their economy by producing more of their own (Permian Basin etc is mainly fracking which is much easier to stop=start production). I don't know how much Russian oil the US uses - can anyone give some info about this? Will it hurt the US or is it really just Biden grandstanding?
Hope it doesn't mean stocks like EVR and POLY get hit again, unless you're buying more.

Really? Nothing on the BBC about this yet.
All I can find is that Germany and Netherlands had already said they will NOT ban Russian oil. Even if Biden says the USA will ban, it can't be effective if other major economies won't agree.
I'm flummoxed as to the drop today, when EVR was up about 20%. But am likely to top up if price stays like this till the end of the trading day.

Very positive all round and nice to see the SP bounce this way - now only 39% down on my average of just under 10p!! We know how volatile this SP can be though, esp with day traders probably loading/unloading from now on. I'm expecting the ole Amigo rollercoaster to give us a few bruises - let's hope it'll be worthwhile, considering what we may have to stump up to avoid dilution.

BlackSteel, in the UK, IG has stopped offering buys or spread betting of EVR and POLY. They will only allow existing positions to be closed. I suspect it will be the same for you, so your only option if you want to buy may be to open a new account with a different broker - there must be a few still allowing trades. I opened one with HL and managed to buy on Friday.

melonhead, yes I think it would only be temporary. My main broker is IG but they have stopped offering EVR (and POLY) for buying shares (and also spread bets - not sure about this though). They only allow closure of existing positions. My guess is this will be temporary and they will add the companies back once the war is 'over'.
If you can't buy through your broker/platform, just open another account with one that does offer these - I opened one with HL but there are others offering EVR.
Just be aware of ISA rules if your existing account is an ISA. My HL account is just a share account so will have to pay CGT if over my allowance (would be lovely if EVR makes this happens!!!).

At the risk of sounding American, the decline in this SP is 'insane'. From mid-Jan it declined from c600p to early Feb to c444p and now... Looking at the fundamentals, it just seems inexplicable and the political risk seems misunderstood. Have dipped my toes in here with a whole 1445 shares for either a short or medium term hold, as profits seem inevitable! Feel it should be safe to top up during the next few days, especially if a ceasefire of sorts can be agreed.
Even if suspended, which I think is unlikely, by the time it is tradeable again, the situation will be much more stable. It seems to be a win/win situation whether you're averaging down or new to the share.
Am I missing something big here?

The RNS says it goes ex-div on 5th May, so plenty of time to get shares if you aren't currently invested.

Just phoned IG and they won't let me buy online or by phone. I asked when they will allow trading again and the answer was- it depends. Not surprising really but feeling frustrated that I can't get such rock bottom prices.

IG is not accepting any buying at the mo. Is it the same with other platforms?

Not online on IG - no online deals possible - you have to phone them. Will keep an eye on this and possible set a phone order at limit.
If lots of retail investors can't deal, does it mean all the action is by II's? I suppose if various platforms only allow selling it would partly account for why the price is crashing so hard.

I can't buy on IG at the moment. A message comes up saying they are only accepting closing of existing positions. Very frustrating! Price at 11:16 is 81.44p - unbelievable for a company this size.

I'm a little bit overweight in this share already. However, momentum in the business is still positive overall and today's drop seems completely OTT, so made a little top-up of 600 shares at 175p. Maybe events in Ukraine are increasing volatility even in unrelated shares??

Made my third and final buy of a whopping 2000 shares a bit earlier on today's drop.

I try not to predict what the SP will do in the next few weeks, apart from go up! Still think the company is well positioned and that the retail sector and this SP will recover well over the next few months: aiming for SP to reach £1 this year at which point will probably take some profit.

Ted Baker results today are hopefully another positive pointer for retailers.

Probably not superfluous, even when looking at covid alone. The ongoing US trial is a home-based one, whereas this one was for the hospitalised and it seems the use the steroids has impacted the readout of the efficacy of SNG001. (The RNS seems to imply another study is needed, which will obviously be a cost in time and money.) So it may be another useful drug to have in the armoury along with others to fight the virus, especially as the delivery method is different.
I also understand it could be used in other illnesses like asthma (happy to be corrected on the detail of this).
I'm sitting on a massive paper loss so don't feel I can risk averaging down. If you're thinking of investing here for the first time, it's certainly high risk and may need to think longer term but at least that risk is now reflected in the SP.
Good luck whichever way you decide.

Yep, absolutely endorse what has been said about ndn's posts. I think they've been balanced and informative and has been unfairly singled out as a deramper.
My 4k investment is now worth 550 (a lot for me) but I knew this was a largely binary investment. Just have to accept the paper loss now, which is making me glum. SNG is down but possibly not out; I will not be averaging down as this is far too risky until the dust has settled and what potential assets remain can do. This is not a case of buying on the dip either. Looks as if it will be sitting in the bottom drawer until positive news or the risk of insolvency - I know they have 25m cash but how long will that last?