Member Info for Elguiri

I’m not sure I’ve ever seen gross margin figures posted in a RNS?!

SP rise will definitely be tempting a few to cash in. I’m sure the institutions will mop up.

Panda, this has not been a ‘suitable’ investment since February 2022. That why the share price dropped 90%. Those of us that got involved here were willing to take on the risk/uncertainty in exchange for larger than normal returns if our courage/luck/stupidity paid off.

Coming on here daily bleeding about how we’re all gonna lose our shirts is not big or clever, you are not enlightening anyone, now sod off.

I can’t escape the feeling that this is gonna double from current price as soon as relisting is complete and then probably treble once split is complete.

I think everyone is panicking about the broker options right now, from the research I’ve done today, I don’t think that the brokers or the KZ CDS were prepared for this. People will either panic sell because they don’t want to or don’t know how to do the leg work or they are gonna jump at the first viable Kazakh option because they are scared of the de list deadline.

If you go for the paper option then you have time. You can sit this out until the end of June at least. By which time we might have some more clarity on the correct path to take.

So yeah, I’d recommend that you sit on your hands for a bit and use the paper certificates as your fall back.

Once the Relist/redom is done then the threat of counter sanctions from Rus should be gone and once the split is done then Kaz will be home free.

There is money to made here for those willing to do the work I reckon.

For anyone interested, this is from Investor Relations:

Thank you for your email.

If you would decide not to take any action and hold paper share certificates, your shares will be held against your name in the “escrow” part of the register held by AIX CSD. This part of the registrar will ensure that shareholders keep their title to the shares, but dividend distributions, voting or trading or any other corporate actions or activity will be unavailable for such shareholders.

In order to move out of the escrow part of the register, you will need either 1/ move to Tabys via app or online AIX CSD portal 2/ open an account with the AIX accredited broker and move there.

I think a more interesting question is: what will the share price be on August 1st?

But yeah, if you want to avoid the uncertainty, selling may be best.

We’ve been discussing nothing but this for the last 10 posts or so…

1) sell

2) switch to Kazakh broker (you will lose you tax wrapper unless something changes between now and then)

3) request paper certificates (you will lose the value from your ISA, and not be able to trade until you register with a broker, my preferred option)

4) do nothing and hope for the best

Ok, I’ll just say this. If you find a U.K. broker willing to hold POLY AIX in an ISA/SIPP after July then please let me know. We can ride into the sunset hand in hand

My friend, I fear it is you that is not familiar with these matters. None of the major U.K. brokers support trading on AIX, none of the Kazakh brokers support U.K. tax wrappers. While in practice it is feasible, in reality you will not retain your tax wrapper.

Basically, this is very good for the company long term and will indeed preserve shareholder value but crap in the short term and requires a little bit of effort.

Making money ain’t meant to be easy though!

I am strongly advocating paper shares in the short term. Requires the least effort in the short term and keeps all your options opening while preserving all of your shareholder rights.

My understanding is that you will not be able to open a U.K. ISA/SIPP with any of the recommended brokers. The gov.U.K. Website referenced simply states that equities on the AIX can be held within an ISA

Ummm not sure how that’s meant to work?!

If you request share certificates from your ISA then this is treated as a withdrawal from your ISA and you are issued with the certificate for x number of shares.

There is no facility to withdraw from your SIPP if below the retirement age, with some very extreme exceptions (terminal illness etc)

If you wish to certificate your shares then it is a very simple process, you just need to send a message to your broker, normally via the app that you use, requesting paper certificates.

If you hold in your SIPP then you should sell or the market will sell for you when de-listed. Shares in your SIPP cannot be certificated. Shares in your ISA can be, but you will lose your ISA value.

I sold my SIPP and will be certificating my ISA. It’s a shame to lose the wrapper but the dividend income will more than make up for it.

I don’t get the motivation for the bs on here:

‘What mechanism is there for a dividend? It’s still a Russian company’

You should really dyor rather than make assumptions.

1)The mechanism for dividends was outlined in presentation and will be paid directly by Poly to paper holders or through broker to electronic holders

2)The company is not and never has been Russian, it is domiciled in Jersey and will soon be domiciled in Kazakhstan.

Liquidity is definitely the biggest issue, but if you are in it for divis rather than trading then no issue.

Personally, I’m thinking that I’ll take paper and hold however long I need to until it returns to LSE. I’m in my 30’s so I have time :)

I’ve had to sell out of my sipp, at a profit, but way less profit than I was previously sat on.

Now the question is whether to transfer my remaining shares to paper or Wood & co.

For those interested in long term divis, my advice would be, go to paper. You can still receive dividends, will have no broker fees and should you ever need to sell then that’s when you can engage the services of a broker. I may well add more this week and then request paper on Monday of next week.

If you plan to hold here long term, which does make a lot of sense. Then paper shares in the short term may not be the worst bet. If you have certificates you will be able to transfer to whichever exchange once the dust settles. Certainly an option that I am considering.

Whatever you did or didn’t manage to achieve in the manic hour this morning, there’s a lot of time between now and July for things to happen.

Who knows where this could go today? A lot will depend on what Nesis says I guess.

I’ll cash out if we hit 2.50. I’ll probably miss out on lots of profit down the road but all good things come to an end I guess.

I sold at 8am for 2.63, got back in at 1.72, was mashing the get quote button and momentarily got 1.29 to buy but by the time I hit confirm 1 second later, price had expired. Whole thing was planned out in advance for sure!