Member Info for hopeful118

They'll get funding one way or another might have to pay a higher rate due to the risky standing but I'm sure they will get it. Once ut is up and running they can refinance at a more favourable rate.

Gonna keep buying all the while it stays near 60p seems like a bargain for something this stable.

redinjun
When you say "economic end times" what exactly do you mean by that? End of capitalism? End of the world?

BB even though I probably shouldn't reply, the dividend will more than likely be paid in dollars but ultimately it's irrelevant because all banks will convert it for you.

Unfortunately no one can really answer the question because it's all to do with how you feel about risk. I would say there's real chance that you won't be able to sell if it moves to Kaz (in the short term) however you'll still get your dividend which makes it worth the punt IMO.

So in summary play for income with a real risk of loss.

That's a sad story and I really hope this stock makes it work for you. 10K is a good amount especially if it's in an ISA wish you all the best. Alternatively if it doesn't work out you could consider going abroad. You can live very cheap in other countries Maybe flog the house put that cash into dividend stocks then live abroad. Bit crazy I know but it's an option.

A customer at my old work once told another customer that he had 100k of gold at home in his safe! I was thinking don't tell people about it! I'd never keep anything worth that much at my house. Not oln can it get stolen but you're putting yourself and you family in danger by keeping it there.

The board said there are major problems that could wipe us out?
We knew that anyway; I knew that from day one!

I don't care about liquidity; the dividend will supply me with enough cash; the current share price is not worth selling IMO.

What's stopping us from getting certificates when they re-domicile and then getting the dividend paid straight into our bank? (obviously we'll have to pay tax but IDC about that if I'm getting a good return it's worth paying the tax)

I like the CEO; I'd rather him blunt than wishy washy trying to pad the share price. Sounds like he's full enthusiasm to get the job done.

Good point Cawn
You can always trade up for certificates and add you name to the company register.

New deal,
I was listening to an audiobook about stocks and thet said that often if you feel like maybe you've gone too far you're probably on the money.
The hard part isn't so much that you have to be right but that you have to be right when everyone else is wrong.

As a side note in regards to ISAs based in my limited research, you can hold ADR/GDR in an ISA as long as the stock is traded on an HMRC recognised exchange. (AIX is recognised)

I almost did it but I'll kust write it off as a learning experience. That's the best way to think about things IMO.

They can still have secondary listings elsewhere maybe slightly more volatility but otherwise should be fine.

Sounds like a legal minefield. The main issue will be getting a country and stock market to be willing to go against UK sanctions. Unfortunately the only ones will probably be the MOEX. It's not just a case of it technically being possible because each exchange has their reputation to consider and they also risk becoming a target of western sanctions which will destroy most financial institutions.

As the saying goes, money is power.

Just for a bit of perspective, assuming you did have tk move them to a traditional account and pay tax it wouldn't actually be that bad. you get 2k of dividend tax free on top of your 12k allowance for income, then it's taxed at 8.75 percent up to the higher rate at about 50k. So if you were to retire with say a 10k dividend from poly you'd only pay probably £360 tax. That's assuming 8k state pension and 10k dividend of which 4k would be taxed at 8.75. Of course you might earn a lot more than that but I'm not bothered too much about tax once I'm earning 50k per year.

Also note that he is talking from an angle of supporting share holders and netting a good ROI. He's working for us and that can only be good for the SP and overall business.

No idea where price will go but I see this as a positive. The new CEO is taking the bull by the horns. Also, when talking to staff you always want to paint the company in this light. You can't go in saying the company is a money machine and therefore we are making cuts. He sounds to me like a strong leader that will give the company the boost it needs.