Member Info for buffa

Narayana Murty's holding as at 31 December 2021 was 0.4%, reported to have been worth £311m. The Murty clan total holding ca 3.6% therefore worth ca £2.8bn. Rishi's wife's holding ca £723m. Apparently hubby unaware of this meagre holding he says? Maybe true but does that make his ignorance an OK matter? You decide.

In light of sanctions affecting the valuation etc of POLY, along with so much else, is it a surprise to anybody that our Chancellor is unaware of his wife's minority (£723m, 0.93%) stake in Infosys operating an office in Moscow? Narayana Murty's holding as at 31 December 2021 was 0.4%, reported to have been worth £311m. The Murty clan total holding ca 3.6% therefore worth ca £2.8bn. Rishi's wife's holding ca £723m. Apparently hubby unaware of this meagre holding he says? Maybe true but does that make his ignorance an OK matter? You decide.

beechknot - the word 'sell' occurs in a high percentage of your posts therefore now filtered.

Now 173 - curious sell.

Your large seller has so far raised the sp from 166 to 168 - in which case let's have more large sellers.

Would be very surprised if anybody came in with an offer prior to Sycamore having made a position whether to buy or not and at what price. Basic rules of negotiation.

According to figs posted here the IIs hold something like 83% of shares. This is extraordinarily high and given the status and expertise of these holders I wouldn't expect any low-ball offer, from anyone, to get the nod from them - regardless of press speculation regarding expertise of BOD. By the same token, assuming IIs expect to hold pro tem then liquidity is very low in trading this stock - hence might anticipate sudden and large movements in price.

maestro1 - I care about most things, more than you can imagine, especially having lived through the Cuban missile crisis and having paid a mortgage at 17% in my life. However the one thing that underpins virtually everything that we do on this planet is energy, its availability and its price. Whether growing food, using tractors, combines etc, whether delivering said food to shops, or further afield in ships, whether keeping the lights on and warmth in cold weather... I could write an essay on why energy is the one and only currency that really matters. But to conclude I would just say that energy is now being weaponised by Russia and its friends (Iran etc) so freely available energy, under our feet or in the North Sea, ready for the taking would actually circumvent Putin and other dictators from throwing their weight about. By the way gold is ALL about energy if you care to analyse its discovery, extraction, refining, delivery and supply.

I work in the energy supply business. Whilst I totally agree that we should extract vastly more oil and gas from the North Sea, rather than import from abroad, nevertheless all gas brought ashore from the North Sea goes into Transco's pipelines which are connected to Europe via the Interconnector pipeline through the Chunnel - thus the gas price is determined by demand from Europe. Obviously if we could extract enough gas to supply both the UK and the EU fully then prices would reduce.

Whether POLY remains a viable, investable, business is unfortunately in the hands of politicians....oh dear...but investors in gold generally believe that this monetary metal will stage a dramatic comeback as a 'store of value' in opposition to bits of paper printed continuously by particularly the US. This link provides interesting reading in that respect https://moneyweek.com/investments/commodities/gold/603131/how-much-gold-does-china-own

Have been monitoring day trader activity with POLY for a few weeks. Their frenetic trading, bit like vultures attacking a carcase en masse, has caused the frequent suspension in trading which eventually forced POLY to face elimination from indices due to liquidity issues. I, for one, am pleased with this decision because POLY has previously never been in day trader territory and their scavenger actions complicate rational 'investor' decisions. Hoping now that the 'peace talks' bear quick fruition and that normal service may be resumed for all concerned.

I would recommend all investors in Gold, Mining or commodities generally to read the article published a day or so ago by Alasdair Macleod entitled The End of Fiat is Hoving into View. Far more informative, written by an expert, than the myriad of unfounded assertions, both positive and negative, found on this board.

Ukrainian Foreign Minister Kuleba To Appear On Bloomberg TV At 16:30 GMT/11:30 AM ET

Suggestions he will respond to comments from Putin about 'certain positive shifts'

Thank you Gopnik for your uninformed assertion of Zelensky's whereabouts. Consequently now fitered.

What choice does Zelensky have? NATO say NO, EU say NO, Putin's army circling Kyiv as we speak - ready to flatten city, Zelensky and entire population. No wonder Putin sees a positive shift in negotiations with such a stark choice - Negotiate or Obliterate. Gold price this morning in steady decline suggesting that market believes the end is nigh for Ukrainian resistance. Hitler, in his bunker, wanted all Germans to resist Russians to the last man. Never happened. Would Zelensky (Who I admire enormously for his courage etc - how would Western leaders have coped?) sacrifice population of Kyiv rather than some alternative? Only time will tell. However, longer term, cannot see Russia being anything other than a pariah State unless regime change.

rylidian - ,understand your reasoning but have found numerous financial reports in press stating £12m but cannot find anything in press repudiating the £12m price tag. I very much doubt, by the way, that the 5% were bought in the open market - that would have been very noticeable. For large purchases more likely to have been transferred from a single seller or consortium.

FOREX LIVE TWEET: Full quote: "There are certain positive shifts, negotiators on our side tell me." No further details provided by Putin before he meets with Lukashenko.

'A day after Russian forces crossed the Ukraine border, BlackRock bought more shares in Polymetal, part-owned by Alexander Nesis, a Russian billionaire, for £12m, taking its stake to 10.1%.' Copied and pasted from press report. One of many stating £12m purchase of 5% stake - ie £12m for roughly 24m shares = 50p per share!!!! I have raised this before without enlightenment but it is an important consideration if correct obviously since BlackRock would be selling down their holding at a PROFIT not at a loss which we've all assumed. IF CORRECT then Blackrock would wait for an SP rise before gradually selling a portion of their additional 5% - but not enough to spook the market. In other words it would appear to be day-traders activity (which it has looked like so far) rather than a large holder divesting. Can anybody disprove the press reports of the £12m price tag - we know that the 5% figure is correct.

blueberg - Blackrock says they won't buy POLY, you say they will. Whose correct do you think?

IG Index show EVR market suspended fwiw.