Member Info for JohnNth

I suppose you're flying high right now if you're a Rusky (12% POLY shareholders) and this is reflected on MOEX. It would be good if Investor Relations at POLY got their fingers out and answer queries majority shareholders (88% of POLY shareholders) have here in the UK

Sense of normality may just be around the corner with price now stabilising and slowly creeping upwards.

You cannot go wrong at the current price; divi yield on average will be around 25% over coming years, with an initial massive dividend to compensate for 2021 and 2022. Where else can you say that with certainty?

Redinjun...cos he would say nyet, cos he doesn't want to provoke Russian authorities. Once sanctions are lifted on all sides, no one can dictate where the stock is listed.

This is how I see it. For POLY current balancing act is not sustainable, neither is situation where they split business and register Russia business in Kaz; Russian authorities won't accept that. So to save Russian business for shareholders they have to register the whole business in Kaz, and the timetable indicates this will be completed in early 2024. Business is performing well, and with gold at current prices, it is not inconceivable that dividends by mid 2024 could be as much as the current share price; having skipped divis in 2022 and 2023. Further, research by Westy54 shows the Kaz move is all kosher with UK HMRC. And when there is peace, Russia will not agree to any deal which leaves sanctions in place, so every chance POLY will most likely return to a west european exchange in the near future; which is why they said they will maintain reporting standards applicable for LSE listing.

@Westy54...voice of sanity amongst headless chickens. THANK YOU for sharing your research.

POLY will not delist until at least early next year and lot could happen by then including dumping de-listing from LSE
POLY said they will adhere to LSE reporting standards even if it de-lists so way kept open for return to LSE soon
Re-domiciling to Astana will preserve value of POLY business and high divis
POLY have performed in line with expectations despite problems
Outlook for 2023 remains positive
POLY valued at approx 1/6th of it's true value (in normal times) at present
Stock piling of Russian gold will fetch more due to record gold prices

Even if POLY redomiciles to Astana, they have made it clear in their presentation they will adhere to the LSE reporting standards; hence keeping door open to return to LSE as soon as viable situation returns. POLY is not saying it is exiting LSE for good.

Can't understand so much negative comments on this board. Despite Rus/UKR conflict, POLY have managed to trade nearly as normal, figures are pretty much in line and forward looking statements not too bad either, gold prices near record levels and sp less than 25% what it would be if there was no conflict. I can see a massive upside in sp in the coming days once analysts comments starts rolling in.

@Judge-mental...in that case it makes sense to split and list POLY Russia in Kaz with secondary listing on LSE and POLY Kaz on LSE with secondary listing in Kaz

A clear buying opportunity at the current sp. Trading update is in line with expectations and forward looking statements factors in stronger Ruble which may not turn out to be true. There are no surprises and current sp is way way below what it should be anyway, so I expect a re-rating once analysts starts disecting data.

@Westy54...excellent analysis of divi. Guy and gals get your orders in or live to regret......................

Given where we are vis a vis Russia/Ukraine conflict, a split IMO may not be the best solution. Whilst Kazakh/non Russian business may propsper, there is a risk Russian business will end up under sanctions and all of it may be lost to Russia with nothing for shareholders; just like what happened to Petropavlovsk (gold producer in Russia quoted on LSE) few months ago. Only reason POLY have escaped sanctions so far is because of it's non Russian business

Watchman007...My APOLOGY.

Watchman007
1) Gold at record prices
2) Half business outside Russia safe from any future sanctions
3) Piled up gold reserves in Russia 'potentially' sold at record prices
4) Current share price at less than 50% calculated on Kazak assets only
5) No impact on production as yet reported
6) IF no dividend means money used to pay down debt (resultant increased future profits)
7) You're off your head...talking total nonsense

Interesting article in the Guardian in 2014.
https://www.theguardian.com/commentisfree/2014/may/13/ukraine-us-war-russia-john-pilger

Bout of profit taking in progress but long term trajectory remains steeply upwards, given company fundamentals and outlook. The management have shown great dexterity in steering this company in these difficult times. As another post today mentioned, if no divi then it's not the end of the world as long as the bottom line is respectable. The money saved can be applied to reduce debt in the current environment of high interest rates.

I'm begining to smell rocket fuel...this is about to explode anytime soon.

About the same cash in hand as at end of 2021 with no debt and huge potential going forward. This will take off at the slightest sign of war ending.

Tygra...I agree with you 100%; it's an opportunity to buy a £10 note for 3 quid