Member Info for jezzahold

it's 9p - not £9 (Roub112.57 = £1)

Also the actual market cap used in determining companies value is the market cap less non freefloat shares
So POLY with only 75.2% Freefloat has to have a market cap greater than 133% of a company with 100% freefloat to beat it to the index

To back into FTSE 100 need Market Cap £5Bn + - so £10.50+ at least, but need to be back on the indices first

@Jotom
I followed down from £14 to £3.20
I am ecstatic today and bought more to complement my future income
The company is a gem - it appears well run has great assets and sells a product that is not going out of fashion

Profit is fantastic...
Unless you don't spend it
What are you saving for ?
What are you investing for?
By my tag I am old - investing for income which is my pension
The opportunities that arose with POLY (which I was for Income) POG and EVR were simply too enticing not too lock in a future income (or capital gain)
Go forward from there - assess the risks - decide on your risk profile - and go for it (or not)

Also gut feeling if POLY paid the dividend in accordance with their stated dividend policy see website (currently blocked so cannot post link) then it would send a massive message to the market.
Also I believe we can expect Q1 2023 Production report @ about time of AGM

I think without any other evidence than gut feeling that EVRAZ cancelled their dividend so they did not have to, nor could they, pay $475M to the majority Russian shareholders
POLY have already the funds are offshore (in Cyprus Head Office?) to pay the dividend - the situation would have to have got extremely serious, and they said trading has not affected them, as they have already said they have over $1Bn of facilities and the dividend is only $246M.
See various RNS and other notices on website

XD date 5 May
Record Date 6 May
If you hold on record date you get the dividend so buy on xd date -1 or before
https://www.investopedia.com/ask/answers/042915/what-difference-between-record-date-and-exdividend-date.asp

5% a day to xd (5 May) would give and increase of 355%
With big rises and falls I imagine the ALGO's kick in and cause more volatility
Steady increase to normality would be better in my view - though very unlikely....

If it hits £3 I'll be back for more

xd 5 May
Paid about 27 May
US$ 0.52 per share
Subject to AGM on 25 April

Moex trades 740K - LSE trades 1.3M
Oh if one could just switch exchanges - big boys have a massive arbitrage opportunity

https://www.kitco.com/news/2022-03-28/Russia-sets-fixed-gold-price-as-it-restarts-official-bullion-purchases.html
Russian Central Bank fixes gold price - a source

Not sure whether this has already been posted but...
https://www.kitco.com/news/2022-03-28/Russia-sets-fixed-gold-price-as-it-restarts-official-bullion-purchases.html

You have to laugh really
https://www.londonstockexchange.com/stock/POLY/polymetal-international-plc/trade-recap
March volume is 274M shares - that is 77% of the freefloat yet FTSE Russell deleted it from the Indices because there was a lack of liquidity

Added risk on any split - the company has invested in its POX plants in Eastern Russia to process all the concentrate output from the Groups mines.
Major development capex in next few years will be in these assets (POX 2 due to operate Q3 2023)- but the Kazak operations will still have to send their HCC to Amursk (they return dore bars for final refining)
The do sell LCC direct but that only represented 30% output from Kyzyl - processing it at the POX plant keeps more money in house

Re Risks - Debt
See company's results release - page 54
https://www.polymetalinternational.com/upload/iblock/54e/2022_03_02_Preliminary_results_FY2021_eng.pdf
Most debt is at fixed rates and US $ denominated (the Rouble debt is just the factoring account I believe)
Product is sold @ US $ rates whatever the currency they actually receive

Special Resolution of 75%+ would be required for demerger

Trading on MOEX
quick internet search produced the following article
https://comparebrokers.co/compare/moex-brokers/
Includes etToro

We have examples very recently of both spin off and "sale"
EVRAZ spun off RASP shares to shareholders - as these were only going to trade on MOEX they gave shareholders to opt to sell the shares - to be sold over 6 months and the sale proceeds split
Raven - opted for delisting and sold for nominal value to Russian management - whilst receiving £678M in 10% Prefs payable in 10 years

As to moving to another exchange there is nothing to stop POLY trading on LSE - they trade as Depositary Interests now anyway