The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I don't claim to understand business very well. But when you sell 2/3 of your moneymaking machine, how would anyone expect the share price to shoot up? The management has been selling sweet dreams to the shareholders in the last year with the Russian de-investment strategy. Polymetal is not the same company anymore. That's what I understand.
thank you everyone replaying. tabys app is a total mess. it's full of bugs. after 4-5 unsuccessful attempts to register i'm back to square 1. on the last one, i went all the way down to the card registration. the app even took 8 pence for card verification just to give me the standard message that the app works only for a citizen of kazakhstan. what nonsense!! really ****ed off now with the whole poly redom / tabys nonsense now. on top of all the troubles, that silly app harvested all my personal information. my name, dob, passport, bank card, and face photograph. i have never provided all that information to a single entity in my life. who knows how this personal data is handled?! and at the end not even successful registration.
Today I downloaded (from App Store) and installed Tabys on my iPhone. The app started without asking me for the code. When I go to my profile, my investor status, the app shows me that I'm logged in with 33.33% complete registration. The app acts like I have done some initial registration, which I haven't. Has anyone experienced this? Also, if I continue with identity confirmation, bank details etc, without the code, would I be able to transfer the Poly shares to Tabys?
I wonder what is an advantage to registering Poly's shares with Computershare? Does it make any sense to register the shares with Computershare and then transfer them to Tabys? Also, would Computershare continue to maintain Polimetal's register after the redom?
Chique, I'm trying to register but channel islands don't exist as an option. Can you provide a link to the correct registration page?
You need to change the address location to "Outside United Kingdom" and then select "Jersey" but Polymetal doesn't come up. However, I may be doing something wrong.
It's "Jersey" but Polymetal still doesn't come up.
Good question. I just sent my request. Can't imagine how many thousands of Taby code requests will need to be answered. If the process is not automated, it may take months.
I am interested who is that broker, based in the UK but operating on AIX as well? In order to offer ISA tax wrapper, the broker must be based in the UK. Any hints?
I've read some speculations about ii, paper certificates and ISA tax wrapper. Just to clarify that ii will NOT provide ISA tax wrapper once the shares are withdrawn in the paper certificate. ii also said that the shares can be transferred to another provider that may be able to offer to keep the shares in ISA tax wrapper, although they didn’t specify what that provider may be. To simplify, there are 3 options for the ii customers:
1. Withdraw shares on the paper certificate and lose the ISA tax wrapper.
2. Move the shares to another provider that may or may not keep the shares in ISA wrapper. Obviously to offer ISA tax wrapper, that mysterious provider must be based in the UK.
3. Do nothing and face the forced sale on the specified deadline.
8-12 weeks transfer is not good in Poly's situation. In this case, all HL customers should formally complain to their corporate action team and demand paper certificates. Last year something similar happened to me with Evraz and Freetrade. The latter declared that they do not issue paper certificates as per their policy. After a formal complaint, I got my Evraz shares on paper. It took 6 months but the certificate eventually arrived.
Move to ii. Here is their corporate action announcement which I found very sensible:
Stock
POLYMETAL INTL PLC ORD NPV
Event Type
De-Listing
Description
Delisting subject to shareholder approval
Meeting date: 30th May 2023
Expected LSE suspension date: 17th July 2023
Market affected: London Stock Exchange (LSE)
Trading restrictions: The last day we will be supporting sales in this stock will be 7th July 2023
Polymetal International plc has announced its intention to re-domicile from Jersey to Kazakhstan. A consequence of this will be the cancellation of its Ordinary shares from trading on the LSE. This is subject to shareholder approval at a general meeting due to be held on 30th May 2023.
If approved, Polymetal International shares are expected to be suspended from trading on the LSE on 17th July 2023. However, our final date for facilitating purchases of Polymetal International shares on our platform will be 30th June 2023, and our final date for facilitating sales of Polymetal International shares will be 7th July 2023.
As the shares will cease trading on a stock exchange we support on our platform, we will endeavour to perform a mandatory commission-free sale of any remaining shares held on accounts on or after 10th July 2023. If you do not wish to have your shares mandatorily sold, you may choose to liquidate your holding prior to 7th July 2023, transfer your holding to another broker, or withdraw your holding into certificated form, registered in your own name.
The deadline for receipt of requests to transfer out to another broker will be 25th June 2023. Any transfer-out requests received after this date will not be processed.
The deadline for receipt of requests to withdraw holdings into certificated form, registered in your own name, will be 30th June 2023. To request a certificated withdrawal, you can contact us by phone. Alternatively, you can send us a secure message using the subject-line Polymetal Certificated Withdrawal. Please note, certificated withdrawals can only be processed for settled stock positions, and are not permitted from SIPP, Pension Trading Account, or Junior ISA Accounts.
Freetrade refused paper certificate initially but had an offer out of the blue yesterday, stating that I can apply for paper cert by 1pm today (9th August).
I think, I'm going to apply and hold the shares on paper. In my opinion the sanctions will be indefinitely.
Freetrade firmly refuse to issue paper certificates to Evraz share holders. Any ideas what possibly could it be done in such situation? Obviously not doing anything is an option but then the shareholders will be stack with Freetrade for the duration of the sanctions, which can be indefinitely.
Theoretically yes, practically highly unlikely. The annoyance is that most of the big brokerage firms offer paper certificate the the share owners, Freetrade refuse to do so. They wan to keep the shares on certificate with nominee Freetrade which make those shares useless, unless sanctions are lifted miraculously.
I personally cannot see how this approach to keep the shares on certificate with nominee Freetrade helpful in the situation of Evraz. Thia means 2 things:
1. The shares owner cannot do absolutely anything with these shares as they are held by Freetrade, that will not trade them as the company is sanctioned. The sanctions may remain indefinitely and so Freetrade will keep them indefinitely.
2. The shares owner must remain a customer of Freetrade (in the case of ISA must maintain ISA account) because Evraz shares cannot be transferred to a different broker due to the santions. That means the Evraz share owners will be forced to remain customer of Freetrade which can be indefinitely.
Is it just me seeing these fundamental problems or I misinterpret the situation wrongly?
Had a response from Freetrade. Evraz shares will be held on certificate on the name of Freetrade but the beneficent will be whoever bought them. Unfortunately as the certificate will. E on the name of Freetrade and kept by Freetrade, there will be no way those shares to be sold until the sanctions are lifted. In other words forget about these shares indefinitely in my opinion.
Modest hold but you can add it 4255
Thank you masonmaster and everyone else responding. ADVFN did the job.
Hi everyone, I'm in a dispute with my broker about a specific POG trade. Where can I find historic POG share trades? Specifically for 19th April. Apologies that this thread is a bit off the usual topics.
Any hints much appreciated.