Member Info for JohnNth

ER...as regards asset values, the lions share is made up of intangible assets like goodwill and leases ie. fresh air. IMO the assets are worth what someone else is prepared to pay for it, and that isnt a lot for CINE assets.

Another way of looking at it is that value of cinema businesses have been falling for the past 10 years when home streaming really started taking a hold. No cinema business is worth more today than it was 10 years ago, in fact significantly less. AMC the biggest would probably be going through the same as CINE had it not been for the meme craze which AMC used to raise money and pay off creditors with issue of shares.

ATB

In fact, Cineplex will get nothing from CINE bankruptcy as their claim is probably last in the list of creditors. Theres hardly enough to pay secured creditors let alone unsecured like Cineplex.

Further, judges are in the business of upholding law and not swayed by any empathy no matter what their private feelings.

NeeeeW...IF true then best Ive heard accommodating POLY in ISA so far.

Reppyrr...Ive long held the view the mooksters were not sincere leaders/ shareholders. It wouldnt surprise me if they end up with sizeable chunk of CINE business when dust settles on this. IMO putting CINE RoW business for sale and then not going on with selling it was to gauge value of business to other potential buyers. There was never any intent in selling the business other than gauge valuation so that they can move in once business is liquidated with an offer slightly above that and prize it back for themselves.

In the meantime, I would not be surprised if they are negotiating a role for themselves under new ownership.

Ive not heard of any spring offensive, only spring retreat from Bakhmut.

Time bloodshed ended and peace talks to begin. Think Ukraine will achieve lot more negotiating.

I would not touch this stock with a bargepole, no matter how low it goes. As number of people have already said, it is now the case of passing parcel around until the music stops.

I hope Im wrong and wish all holders the best.

Not good news for the shareholders. It will be interesting to see how the mookster emerges from all this.

@Redinjun...thanks. I see holding on to POLY as an absolute no brainer. Yes we will be in unchartered territory and in hands of Gods as well, but lot of goodwill exists and we have a first rate management to help navigate the course.

New processes to be introduced in Kaz literally within coming weeks should make holding in POLY easier than how it sounds today eg. opening of account directly with AIX as alternate to Tabys, and a new settlement system for securities listed on AIX freeing up POLY from euroclear and crest and hence from exposure to any further sanctions from the west should result in conversion of sp with that on MOEX.

Https://www.thearmchairtrader.com/polymetal-optimistic-despite-sanctions/

Important to note that it requires 75% of those who vote and NOT 75% of all those on register. Institutions are more likely to vote than individual investors.

If Im correct, POLY is the biggest company listed on AIX and so will attract lot of publicity on redom. It should also curry flavour obtaining of further mining rights etc in Kaz on account of lift it will provide to AIX and the country.

I think 75% threshold will be achieved. Why would shareholders want to vote against it given the alternative?

My advice is you vote against POLY redom like you need a hole in the head.......

Whats new to me is AIX introducing new system of settlement (reducing/eliminating reliance on euroclear) which will not be constrained by any politics in the west enabling shares to trade freely. This will enable sp to rise and track sp on MOEX more closely. This system should be in operation before redom complted on 17 July.

Sorry...I meant to say increasingly many brokers are stopping further buys. You are correct, I am with ii and they do wllow it.

LSE 190P

AIX 270P

MOEX 570P

Lets be clear the shares currently listed on the 3 different exchanges are exactly the same. They derive exactly the same benefit in terms of voting rights, divis etc, so why is there such a big price differential?

The difference is explained by the impediments that exists in dealing in the shares on the 3 exchanges.

Currently, in the UK there is almost a blanket ban imposed by brokers in buying of any further shares in POLY but sale of shares is allowed causing supply/demand imbalance. Prior to most recent events of course there was the threat of sanctions and dealing issues on the LSE etc. and that kept it weak.

Why is the price on AIX less than half that on MOEX?

Dealing on the AIX is also not without the impediments. The transaction and settlement of securities transacted on AIX is currently provided by euroclear and crest which are west european based and so constantly mindful of sanctions. Further there is the issue of brokers etc.

AIX is introducing its own system of settlement in the next few weeks and this should be in place most certainly by 17th July when POLY actually redoms. This will remove the impediments which currently exists and trading can then happen more freely. POLY listed in AIX will start moving up immediately on introduction of the new settlement system, implying POLY UK holders will see immediate appreciation of sp on redom and start gaining ground on POLY MOEX

POLY listed on MOEX is trading free from any impediments other than those applying to all like sanctions and hence much higher sp.

Looking further ahead, the split should attract institutional investments in POLY Kaz and listing of POLY Kaz on LSE will provide further boost. Eventual lifting of sanctions, whenever that might be will go long way to restoring full shareholder value.

BSR expect nothing less from chippyjo aka chippySlo

The transaction happened at 4.26pm but published after closing bell. Interesting to see where POLY opens tomorrow.

Some trades qualify for deferred publication due to the type or size of the transaction. These will be displayed at the point of publication, but show the date/time of execution as with other trades.

Date 23.05.23

Time 16:26:00

Price 2.97

Currency EUR

Volume 1,982,946

Trade Value 5,879,434.89

Trade Type Off-Book

An 'off-book' trade refers to the process of trading shares away from an exchange or regulated body. They are usually executed via the over-the-counter (OTC) market. Off-book transactions are made directly between two parties, outside or 'off' of the order books.

"All because we follow America like a mindless zombie"

We follow US even though Biden with Irish heritage dont even like Britain. Remember when he arrived in Ireland last month...he drove inside Republic of Ireland with both the US and Irish flags on his car. When he drove to Northern Ireland, he just used the US flag instead of US flag and union jack on his car, questioning status of Northern Ireland.