Member Info for jezzahold

Just a final point re ex div date
Resolution says " conditional on the Directors’ recommendation to declare that
dividend remaining in effect as at the time the resolution is put to the Meeting." so can be pulled up to date of AGM - which is 25 April
Also noted earlier comments that as its a final dividend if passed at AGM it will be contractual (EVRAZ could pull theirs because it was an interim)

The investments allowed in a stocks & shares ISA
The following asset classes are permitted inside a stocks & shares ISA, and therefore will benefit from the tax-shelter effect of being held inside the ‘tax wrapper’ of an ISA:

Individual assets:

Cash, including cash held in foreign currencies
Individual shares in publicly listed companies
Corporate bonds
Government bonds
Collective investment schemes:

Shares in Exchange-Traded Funds (ETFs)
Shares in publicly listed Investment Trusts, including some of the best Real Estate Investment Trusts (REITs)
UCITS authorised collective investment vehicles
Open-Ended Investment Companies (OEICs)
Unit Trusts
The common theme of all assets permitted inside a stocks & shares ISA is that they must be either publicly traded on a stock or bond exchange, or part of a UCITS-compliant fund.

POLY is a public listed company - and will be until it chooses to delist or is forced to delist. A company listed on the LSE or any other stock exchange that is therefore eligible for an ISA - that includes any listed company that happens to be suspended (i.e EVRAZ at the moment, or any other company that chooses to have its listing suspended as in takeover situation) NOTE suspension does not mean a company is not listed

Share will be deleted from ALL indices (not delisted from them)
From LSE page https://www.londonstockexchange.com/stock/POLY/polymetal-international-plc/trade-recap
these are the Indices it was included in
FTSE Index
FTSE 100,FTSE 350,FTSE 350 High Yield,FTSE 350 (ex IT),FTSE All-Share,FTSE All-Share (ex IT),FTSE Euromid

Kazakh operations sales (Note 4) $940M - sales to Kazakhstan - $1,008M
Check out Kyzyl video - their HC Concentrate sent to Amursk POX for processing (approx 70% by my estimate) - whilst remainder which is LC concentrate sold overseas (Amursk sends back Dore bars for final refining to Kyzyl)
Conclusion - 30% sales perhaps wont be subject to these controls and will be sold out of the country (East Asian sales were $490M)

No UK Stamp Duty on ADR/GDR - ETF's - AIM shares

@ Earl - most of debt is denominated in US $ (accounts Note 23 page 233) - only their factoring borrowings appear to be in Roubles.
Sales in Russia, I expect, will be in Roubles (which is why their factoring loans are in Roubles) but hopefully @ current US$ conversion rate so more Roubles for their Gold - They will need Roubles (and KZT) to pay local expenses - KZT has also dropped but only by 18%
Extra costs may arise for capex if it involves forex payments - that's a possible reason for the dividend being delayed as they may need those US $ that are set aside for the divi to meet liabilities

Dear All -
new to this site but been following with intrigue/interest and despair - but there is a lot of nonsense - maybe I am missing the function of "a chat room"
Talk about the company
To understand the fundamentals you have to know what they do - see the website read the number's watch the videos
At the moment these are high risk = high rewards or down the pan
A simple DCF of the Kazak business should give you some comfort but this share is seriously being manipulated by the market (FTSE Russell deleting)
Any recovery post war
Wont get back into FTSE indices till after its over and @ £10 per share will be close to FTSE100 again and the trackers have to buy it again

RE focusing round the Kazakh assets
See Poly accounts particularly pages 32 to 50 - Operating Review
Kyzyl described as their flagship operation - problem is it sends concentrate to POX plant in Russia
Currently looking to build a 3rd POX facility (Pacific POX) p43 - perhaps they could put this in Kazak instead and really split the assets
Clearly pleanty of scope to create a valuable company solely on the Kazak assets

Just a couple of minor points re POLY FTSE listing deleted

Liquidity over last 12 months have been in excess of 0.248% - FTSE Russel rules identify lack of liquidity as less than 0.015% over 8 of the last 12 months (liquidity in March so far has been 3.4%)

https://research.ftserussell.com/products/downloads/Guide_to_Calculation_Methods_for_UK_Liquidity.pdf (link posted earlier)

Also re listing check out that "small" company BHP Billiton that was removed from the indices as its sole listing was moved to Sydney
https://www.theguardian.com/business/2021/aug/17/ftse-100-to-lose-mining-firm-bhp-calls-time-on-dual-listing-in-london

Read the announcement by FTSE Russell who compose the indices - it is deleted from all their FTSE indices and fully tradeable
Rules to be included in FTSE Indices are simple
Listed on LSE - yes
Sterling or € value - yes
Traded on SETS - yes
Nationality - Jersey
Free Float - yes 76% - note that the weighting on the index is adjusted by the proportion of the free float %
Liquidity - they are saying no

So it is being taken of the index

Odd for FTSE to cite lack of liquidity
Poly transactions in Marc 2022 5x higher than previous months
https://www.londonstockexchange.com/stock/POLY/polymetal-international-plc/trade-recap

Point re funds having to dump for being excluded from indices (not suspended- not delisted) means the price should drop as available stock increases - PI's should stop buying as the price should improve to buy further at a bargain

Shows as 10p on ii - but on the plus side the asking price is 400 :-)

I believe to delist from LSE requires 75%+ majority approval from shareholders - would they get that?