Member Info for jezzahold

For info for anyone who wants to follow the decline in PGM prices I use Johnson Matthey

https://matthey.com/products-and-markets/pgms-and-circularity/pgm-management

Nobody saw Rhodium price falling of the cliff!! - check out Sylvania accounts which includes PGM price forecasts

JM also produced an interesting report on the PGM market in May

https://matthey.com/documents/161599/404086/PGM+Market+Report+May23.pdf/2f048a72-74a8-8b23-f18e-c875000ed76b?t=1684144507321

Info highlights reliance on auto production which makes the info from Sotolo re drop in ICE very worrying re demand - also more units will become available for recycling as ICE scrapped - then when all gone that supply source will dry up

PS I have THS PGM basket @ $1388 and Karo at $1325 - ceterus paribus and all that

Possible similar to what Evraz proposed with demerger of Raspadskaya perhaps - just a thought

@chippyjo; When shares are transferred out of the ISA you reacquire them outside the ISA at their market value on the date transferred which, unfortunately, is nil

Sorry to put this out there if it has been covered

Just been away for a few weeks and got back - received my Poly Share certs in the post issued by Compushare Jersey - on calling them they said they were going to be the Company Registrar in the future - tad confused - anyone else had the same?

Just my view but all those who wanted to get out would/should have done so - look at the low level of activity today (10 day average is 2.64M - today 80K) - that would be people leaving who waned to.

I sold my ISA shares and bought back - as happily informed will move to TABYS for now - wait for dividends - remember they are requesting the shares be suspended on LSE - they are not sure when they will be delisted and thing could change (crossing fingers multiple times :-))

Been in since October 2021 - still appears a well run company - has been clearly been hammered by the MM's on basis of the tragic geopolitical events.

ReDom and split may well be interesting and we will just have to wait and see GLA

Looking at AIX Trading - not particularly liquid :-O

https://market.aix.kz/

AIX - 11k shares today (LSE 194K (quiet day) and MOEX 2.3M !!)

MOEX nice price @ 640.9 - oh if we could just arbitrage that :-)

Reply requested certificates from II and HSBC - they said up to 6 weeks - both have gone from my holdings list so they are doing something :-)

I realise this may have been posted earlier but there are so many posts...

I have Poly in my ISA - I am going to sell them to keep my ISA allowance IF I can buy them back for my Investment Portfolio (otherwise just have to take the hit when converted to paper). Currently use my bank broker (HSBC) and they haven't allowed buys for over a year - tried HL and they said as POLY is changing domicile to protect their clients they will not sell any more...can anyone suggest a broker that is dealing please

Simple scenario

Company moves to AIX - announced and will probably go through

UK shareholders have 2 choices

1) get out now or (surprise) 2) don't get out now

If 2) Liquidity going to be a definite issue but when (and if )dividends reinstated will at least get a return on their investment - based on previous levels of dividends capital cost for those with low base will be recovered fairy quickly; I saw a comment as how the dividends would be paid well I imagine they will revert to that old fashioned procedure and send out a cheque!!

Future - relist on LSE or use another listed company and do a reverse takeover

For those holding ISA there will be a deemed disposal and reacquired at a base cost equal to market value on day of "disposal"

Results today - large Gold sales - debt increased (look back at previous results and debt usually increases in Q1 & Q2 as sales Northern mines accumulate stock in the winter) not a big deal

Investments...why bother...too much time spent worrying not enough time spent having fun :-)

And the biggest riser on MOEX today...your right its Polymetal :-)

Re Kazak Inflation rates
https://tradingeconomics.com/kazakhstan/inflation-cpi
March 2023 dropped to 18.1%

Shares listed on recognised stock exchange can be held in an ISA
https://www.gov.uk/guidance/recognised-stock-exchanges

List of recognised stock exchanges
https://www.gov.uk/government/publications/designated-recognised-stock-exchanges-section-1005-income-tax-act-2007/designated-recognised-stock-exchanges-section-1005-income-tax-act-2007-v3

GDR's will improve liquidity and trading, which if they don't get the company may facilitate a trading platform of their own, but as long as they are trading on a recognised exchange they can be in an ISA

Can claim share shave nil value and use the losses against CG gains in year of claim or if no gains the losses can be carried forward
https://www.gov.uk/government/publications/negligible-value-claims-and-income-tax-losses-on-disposals-of-shares-you-have-subscribed-for-in-qualifying-trading-companies-hs286-self-assessment-he/hs286-negligible-value-claims-and-income-tax-losses-on-disposals-of-shares-you-have-subscribed-for-in-qualifying-trading-companies-2023
The obvious tactic is if you have a negligible value share and make significant CG gain in one year then make the claim that year

Otherwise wait for HMRC to add the shares to their recognised list of nil value shares
https://www.gov.uk/guidance/negligible-value-agreements

Remember you must make a claim for losses on your SA return - if not made within 4 years they are lost - that will be 4 years from appearing on the HMRC list (I believe)

There is no refund for tax losses - losses in ISA have no tax benefit - no gain/no loss

2018 2019 2020 2021 2022 2023
Q1 197,179 266,393 235,896 265,556 281,968 214,832
Q2 541,049 513,922 528,856 575,105 555,095
Q3 648,761 576,692 551,757 534,803 525,344
Q4 333,640 358,754 329,235 313,090 307,767
Quarterly Tonnages
Obviously disappointing but problems re distribution highlighted on last report
Await with interest full year results

A lot of discussion has been on this site - in fact I wonder how far up the list of active sites it is
I am delighted with the filter button as this removes the real dross
Now out of the left field - LSE prices on K only - then perhaps R prices on R only
LSE £2.32 - Moex 5.80 = £8.12
Discuss :-)

High risk - yes
@ Saga - re possible split with Kazak on LSE and Russia on Moex - Evraz with the proposed split of Rasp (coal) offered to sell any shareholders Rasp shares and then remit proceeds periodically - that could be a solution for Poly (R) - I'm just saying

POLY is not POG
Interesting , though unconfirmed comments re operators dropping Poly - why drop a Jersey share ?
Personally I have some concerns re change to GDR's though not with the security itself but how my ISA provider may suddenly have a dicky fit - stick the head up their aFollowing updated Q & A company is looking for a solution - they don't want the stock to be illiquid
Today's events were bizarre - but guess what as a lowly PI I have absolutely no effect on what happens - I will just wait and see - the phrase to use is apparently GLA

just a reminder what the auction is about
https://www.aim-watch.com/project/lse-auctions-explained/

MM's not keeping bid up with offer so lack of liquidity - need to cut the spread?
Big order and to many PI's holding on?

're Kazak Withholding Tax I have Steppe Cement, operating in Kazak, and we receive dividends without any withholding tax due to DT agreement (if based on Audited results - there was an issue with the interim)

No I am not simply picking on negative posts - I just think posts about the activities of the company are relevant and others that simply say good or bad are not
The company moving its listing, possibly, sometime in the future is relevant
The company's costs increasing above an economic level of extraction is relevant
The company not knowing what it is doing is relevant
Random posts on random assertions is irrelevant