Member Info for JPPoubelle

Sure, just lost half my money in 2 years, and the dividends on what I sold would barely pay for an evening out with the missus. Are you a bitcoin investor?

Sorry if I came on too strong but I needed to vent off my frustration, it's been two years to the day that the stock went into a tailspin and I've been holding on for dear life. When I read the report with the measly 4 properties sold, Parasol still mocking us, collect not improving at all, it was blowing off steam here or buying a new computer. I've sold 10287 shares, still 20000 to go. This turd is going to keep spinning in the bowl all the way down to 40p again, and I cannot accept this kind of financial abuse as a working man. I won't take this lying down.

I feel a hint of unnecessary sarcasm here, Mr Wishihadnt-Bought. Well, it's too late for wishful thinking, real men know when to chew their foot off to get out of a value trap, whilst little boys die of thirst or gangrene wishing their life away, cracking wise. Since I'm generous, I'll assume your comment was sincere and you are one of the three real men who recommended my message.

After this morning's report we all found out what a dog lunch this company really is! Arrears are piling up and the rent collect went from bad to worse : 88%!!! I'm selling in disgust, the board is living high off the hog while I have to worry about the safety of my investment. Sadly most directors only pay lip service to fiduciary duty these days. Oh well...

Big-Blue is absolutely right about "climate change", it's all a big scam.

IMO redom to Kazakhstan and listing the share in HK would be the best move. You get access to Chinese investors money, excellent liquidity, and at the same time the company main office is in a secure jurisdiction. This would not be unheard of : https://www.scmp.com/article/575196/kazakhstan-companies-may-list-hkex

"First option is GDR issuance on LSE. Second option is new listing on alternative exchange. And in this case, LSE trading will be discontinued. And the third option is improving and significantly broadening liquidity AIX. And following the Investor Day, we'll have multiple personnel and telephonic meetings with our institutional shareholders in London to solicit opinions on award options or what option is the preferred 1 and what limit in various shareholders and shareholder groups have in terms of liquidity constraints that any of these options is very likely to entail. "
"And 1 thing that needs to be set unfortunately, we will not be able to keep the existing premium listing of the company post redom, and this is mostly related to the ninth package of sanctions against Russia, which prohibits the granting of services, including financial services to Russian mining companies and that nice package more or less drove our register and Computershare to deny us the continuation of premium listing through the issuance of depository interest for the new Kazakh entity. "

@KevlarS : I think you misunderstood what the CEO said, he rather clearly said that Computershare would not allow them to keep a premium listing if they want to relist the Kazakh entity after redom. The current listing is not in question.

@mevelum : OMG if I had known that it would have saved me a sheetload of time. Thank you, I'm gonna open an account with HL as well :)

@mevelum : Guys I was joking with the paper shares and the goats with moustaches, you do know that since the 00s physical, bearer paper share certificates don't exist anymore right ? I think the last country to have them was India and they banned paper shares transfers recently.

@KevlarS : I'm a French guy living in France, and I went to even crazier length than you to buy POLY : I opened an account with Halyk Finance in Kazakhstan and another with IBI in Israel. However, how did you manage as a non UK resident to open an account with HL ?? If I'm not indiscreet, did you have lot of money to transfer to them ? Not a single UK broker accepted me. Anyway, for me the easiest solution in the scenario you mention is to tell my broker to send the shares to Halyk.

Yes that's the issue. If enough of us open an account with them they may be more motivated to fix this!

Let me a chance to get a refill under 240p please... I didn't get a chance to splurge yet... Think of the weird moustachioed men with goats ! (yes, there is no women in Kazakhstan, only men with various levels of pilosity, and goats).

@Celtics : Yep, the process is rather easy. The only caveat is their app does not work if you don't have a Kazakh phone number, but if you guys open accounts in drove their developers may get some pressure to fix this issue. I opened my account back in April, but didn't get to use it because they blocked POLY in early May. Still, their customer service is very nice and helpful.

@Mumbo_Jumbo : This is much worse, the moustachioed men will come and knock at the door of each and every POLY shareholder to forcibly exchange your shares for bad quality, sickly Kazakhstani goats. Only then will they nationalise the company. Oh, and don't expect to get rid of the goats you were forced to accept, they will follow up with weekly welfare checks and expect a bucket of milk for the service. Shareholders without a garden will be hit the worst, as they will have to cope with the goats munching on their carpets and furnitures.

That's why I went to the length of opening a dealing account in Israel actually. I intend to transfer the 4000 shares I still hold on my french Boursorama dealing account over there, then in case of a split, I will be able to trade without restrictions. I need to check if IBI can also access MOEX. Don't fret at opening an account with Halyk, it was much easier than the israeli account. I just needed an apostille for the copy of my passport, and send the paperwork over there with UPS. The app still does not work for foreigners though.

@Redinjun : Couldn't go to the meeting, I'm stuck on my side of the Channel, behind the EUSSR iron curtain :'(
Westy54 does have a good point though RE: the Russian side of the business. Britons will likely be able to receive the shares, no problem, but they are unlikely to be tradable. So it will be like having shares in some unlisted company, there'll be some value in there but 0 liquidity.

@Redinjun : Check this ISIN : US63253R2013 (full name is : National Atomic Co Kazatomprom JSC ADR), mnemonic : KAP.

I respect your optimism AimingHigh2021 but seriously, you believe the war will take a wrong turn for the Russians just because they have a few dozen german tanks rolling in the steppes of Ukraine ? Lookup the https://en.wikipedia.org/wiki/Battle_of_Kursk :)

No problem. If you want something approaching what POLY may become, just lookup Kazatomprom. I bought my shares on the LSE and the GDR is issued by Bank of NY - Mellon, which steals a small 0,1% fee each year IIRC but since it allows me to avoid the 15% witholding tax on kaz dividends, this is worth it. Also, you can always open a Kazakh dealing account :) I have one with Halyk Finance.

More likely, the Leopards will stick out like sore thumbs on the steppe and be vaporised by missiles fired from the Black Sea. But this will make for good spectacle, I agree.