Member Info for herb6345789

sorry, 40 pence a share

Yes, exactly. Mr Tang paid 40 each pence to Dattels.

I sold all of mine at 4.2p . I'm glad I did. Years of Pie in the Sky have come to nothing except a big fat annual payment to you know who.

I agree PukMan. I remember reading that some years ago Mr Tang stated his objective was to return value to shareholders through an increase in the share price. We can see how that has turned out so far.

"this company is adding serious value to market cap of Polo". I wish I could agree with you as I still have some Polo shares, but your statement is obviously wrong. No "serious value" has been added. There is no obvious or even implicit link between Hibiscus sp and Polo's sp. If there were, Polo would be much higher. But it's not. It has struggled to get to even half a penny higher than it was quite a while ago. The market does not see how value will be added for Polo shareholders, that's why. Does the market trust Mr Tang say to announce a one off dividend after selling all or part of Hibiscus in the way that Dattels did? The sp says it all.

Perhaps Mr T still hopes for a result with GCM and, there needs to be cash for salaries. I agree with "should be"!

OK, fair points, and no-one really knows what tomorrow holds. I have kept a few POL shares in the hope of GCM coming good. But... look at it this way: not that many years ago one million POL shares were worth £400,000. Now those same shares are worth about £30,000. That's a £370,000 loss. It's the difference between a 20 acre farm in Wales with a nice farmhouse and very scruffy one bed flat in a bad area of Hull. No offence intended to residents of Hull by the way. Mr T himself paid 40 pence for his POL shares. Even if it becomes a ten bagger from the current 3p someone wno bought and held at 40p is still going to experience a loss.

Look at the NAV since Mr T took over from Dattels. Look at the sp since Mr T took over from Dattels. Both have been on a downward trajectory. Look at Mr T's remuneration for Polo. Has value been returned to shareholders since Mr T took over? Has he increased the sp so investors have profited? Does the Market believe this has a rosy future? The sp over some years and the NAV over several years will give you the answer.

At least Tang apparently wants to buy more at over the current price, so I look forward to a sp of 4.5p. Whooopeee!!!! hahahaha

That's good news, thanks for posting. In theory, it should add at least $5 million to Polo's Market cap as I think the loan had been more or less written off by investors. But this is Polo so maybe nothing will happen to the sp.

19th June 2017 share price 4.6p . Now with a 30.9% increase in NAV since then the share price is almost the same. Can we trust these figures and what needs to be done?

The last time I looked, Polo had about 5% of WTI, which isn't worth enough to warrant any movement in POL. It's a pity Tang didn't buy more of WTI and less of other c&$p.

BLK has gone from being a substantial part of Polo's holdings to very little. i e down from over one dollar to 5.6 cents. I assume "all yours" is an ironic comment.

The major shareholder already has control and cannot be outvoted.

sorry typing error, first "sells" should read if the SHARES are now worthless

Interesting that there were still some buys after the announcement. Perhaps people were complete idiots but if the sells are now worthless, why would anyone do that? And why no more sells now? Good questions about the debt . There's not much to lose by holding now anyway.

great but promises promises and sp still down to 0.05 from above one dollar not so long ago.

It's relating to BLK being on the verge of VA, aka going bust.

Down 37% . Painful.

the shares were selling at a lower price than the offer price.Not good is it?