Member Info for Ivanabeetu

Polymetals has always traded on Moex so I don’t see how this is going to change anything. Yes this share does have its risks but as a famous man once said be fearful when others are greedy and greedy when others are fearful. Do your own research and don’t listen to most the rubbish on these boards!

Novicehunter you go on about irresponsible rampers but you are one of the most irresponsible deramper on this bb. I’m sure many people have weight up the risk vs reward on this share (myself included) and at this price it is significantly undervalued in my opinion. Yes there is high risk but with that comes potential high reward. To say 50p end of play Friday is just as bad as saying this will be back to 12 pounds on Friday! It has been heavily discounted because of the potential risk already so for me there is much more potential upside than downside. The rule of investment is however do not risk more than you can afford to lose!

I think the best option at present is for polymetals to split their assets (Russian from Kazakhstan) and trade as two separate companies. Polymetals have been hit so hard due to having assets within Russia even though their Kazakhstan assets alone should value the company at at least 5 to 6 pounds! This is a crazy valuation but unfortunately at the minute anything Russian is pretty much valued at nothing. Obviously an end to the war will see a strong rebound in the share price but at the minute it’s anyones guess when this will end and whether things will escalate from here.

We knew harbour wasn’t eligible to enter the ftse 350 in June as they only have a free float of 23 percent and need to have a minimum of 25percent. They will enter the ftse 350 in September when the next lot of creditor lock ins end so this is when things should hopefully kick into gear significantly.

Come on guys, do you not feel the directors are just there to line their own pockets. They haven’t bought into the company at this low price which always is a worry for me. I feel they are keeping the share price low for a reason. Maybe waiting for share options before they let this loose? Somethings holding it back and I am aware there is a lot of creditor shares still out there but there has been no effort by the directors to move this price up and for me this screams they are suppressing it for their own gain! I hate companies run like this because the directors are no interested in shareholder interest! Once they get there share options watch this move but until then this will likely stay suppressed. All my opinion though!

Notafunnybone, although I will admit we may see a bit of a on consolidation, I do feel this will be minimal and there is so much potential with harbour. Although I think £1 is very unlikely, achieving a share price of £1 preconsolidation is no more like than £20 post as the market cap will be the same for both (which would be a market cap of approximately 18.5bln).

Why anyone would sell their holding based on a consolidation is crazy! You invest in a company you believe has potential and although I don’t like the consolidation. It doesn’t change the companies fundamentals. Yes we may lose up to 19 shares which is a **** take but that’s 4 pounds at the current price so isn’t going to have a huge impact on your holding unless you have a very small holding. There is so much to look forward to, entering ftse in September! Dividend, not to mention harbour are highly profitable at the current oil price. Some positive news would be nice or at least an update on how things are progressing as we have had radio silence since the takeover which isn’t what I was hoping!

Jayzee, were you a pmo shareholder not a bond holder? Shareholders got 1hbr share for each pmo share they owned.

Timmy, the lower this falls the better for me. I want to be able to build a large position here since I wasn’t able to get as much as I liked on Thursday ??

Harbour state they have a free cash flow break even of just $30 to 35 so and current prices they are hugely profitable. They have reported they expect to achieve 200 to 215kboepd so as a conservative estimate I have calculated a free cash flow of over 1bln. To me at a current market cap of 3.8bln is massively undervalued, especially when compared to a similar company Aker bp who have over double the market cap! It would be crazy for anyone to short harbour at these levels in my opinion. But with the oil and gas industry, companies are highly dependent on the oil and gas price.

Fomo, the shorts on pmo were from the creditors so not your typical shorter. It was purely a hedge as they were due a hundreds of millions of shares following the merger so they would much rather the price rose. There expect there to be no shorts in Harbour at this price.

Yes we currently have a significantly lower market cap compared to our Norwegian counterpart. Not to mention we have a free cash flow break even of between $30 to 35 per barrel and access to 4 billion in tax losses. As mentioned before we are hugely undervalued when compared to Aker bp, but this is likely due to large amounts of selling pressure from the pmo creditors. Once this enters the ftse ( likely in September) and pays a dividend the true value probably won’t be seen but at these prices the share price is very attractive and the cheaper I can get this the better to be honest. Obviously oil and gas prices will have a significant affect on the price which we cannot predict so there is always risks involved.

The shares in issue is around 18.5bln and the share price for hbr on close was 20.64p. This gives a market cap of around 3.8bln.

Falkland, I believe HE is Harbour Energy.

StockscreenerHQ please read the rns. This relates to share capital prior to the merger. Ie. The 926m share count of PMO not the 18bn share count of Harbour!

My pmo shares have been converted to hbr shares on ii just recently.

I had no problem buying harbour shares first thing this morning. Picked up a few at under 19p and I am with ii.

Pmo will not be suspended. They will keep trading until they become Harbour. The expected timetable of events was updated within the supplementary prospectus and does differ from the original prospectus.

Well considering i am long on pmo i would imagine if i don’t hold onto my fortune for long nor will you unless you are a shorter of course... I believe Pmo is highly undervalued but small swings in the share price isn’t going to worry me. I am here for the medium to long term as I believe the merger will be highly beneficial. I understand the risks however an am aware we may be in for a bumpy ride but value always shines through in the end!

There is too much misinformation on these boards with people posting stuff they clearly have no understanding of. If you really thought GME was a good buy you clearly have no understanding of how to value stocks. The danger of these boards is there is too many people posting false information. As they say a little knowledge is a dangerous thing. By all means there is some good information on these boards but also a lot of rubbish too! Beware what you read and do your own research!! Especially if you are new to investing.

Guys and trolls I have just messaged the god you all call Jennifer and they will be giving you a low down of the pmo prospectus. No need to thank me.