Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
OP?
Additionally, as results are reported in USD and over the last year its strengthened significantly v the Sterling, it could give an even further shine to the results?
Yep agree Airdrie - bright times ahead! Had a look at them yesterday and my conclusion was that last December we were pretty much at a low for end of yr results given ultra low resource prices and large impairment charges ( 54m write off for GCM). But still last year our NAV was over 16p a share - that's still over double what it is today! GCM, HIB and BLK is prob worth about 20m to polo today, that's v nearly the current market cap and doesn't include another half a dozen unlisted investments and what should be a reasonably heathy cash position. Santa rally, results et al - I'm going to 'conservatively' predict 11p .. just cant see after the results how we can continue staying so low! That said, breaking 8p and holding above may be a tad more realistic and my over optimism may need to be curtailed somewhat...
Yep, reckon so
Annual results due in a few weeks where we get the breakdown by each investment, its NAV, and the total nav of the share. Be interesting to see where we are (reckon it would be good if there was a gcm update a few days before so there's eyes on us). Would be expecting a good +ve value and % on last yrs c16p and give Polo a bit of a rocket up its backside!
Nice updates from Blk. November to date is nicely up, moving towards the high quality.. HH adding more too Only downside is blk down on the day having had buys at .64 at one stage
Nice one on marketing a bit of polo! Yeah was looking at the GCM board too and this 440p figure. where does this figure come from? MOU news was nearly a week ago so intriguing as to whether there are any new developments that have triggered a rise, or if its just a case of oversold after the large rise.
Some mention of a potential takeover I think. Not sure if rumour or what has triggered the sudden talk though. Exciting times if so!
Gcm is dropping and we're holding Fridays rise. Higher support level hopefully!
Someone willing to spend £40k at 7.99, to add to Friday afternoons £72k buy. That's a cool 1.5M shares totally
Agree Airdrie, plus considering GCM down nearly 20% and Hib and BLK marginally down on the day, content with holding Fridays rise here, hopefully at the v least forming a new base to work up from.
Was entertaining while it lasted. There's another rainbow someplace, somewhere...
Quite possibly.. lets see. Either way, Monday morning is nearly upon us so its intriguing to see what happens next!
Short term...Guess it depends how many "GCM ers" i.e. the traders are aware of Polo and whether when they're done there they move here and get interested in the diversity of the portfolio. Newsflow from the rest of the portfolio tends to centre around Blackham as Sorta mentions (listed on the ASX as BLK which opens around 11p.m. our time) but Hibiscus too. They recently made an interesting acquisition off shell and the share price had been on the way up as per below. (Wti came on the radar too last week). http://www.bursamalaysia.com/market/listed-companies/list-of-companies/plc-profile.html?stock_code=5199 (Wti came on the radar too last week).
There are quite a few long term holders here - most have averages above the current value. But, to be honest its not a share in my portfolio I've been particularly concerned about - even when it went down to 2p one realised it was basically due to a depressed commodities market. In recent times most of the LTH focus has been on Hibiscus (now in profit on that investment), Blackham resources and in the last week or so WTI with the update and copper price rising. GCM is a part of the portfolio we;ve known about for years and always hoped would do something special (given its grand scale), but there have been false dawns.. This MOU is probably the most significant step that's occurred in recent memory, so I dare say there is cautious optimism as to where we go...There is more too - Ironstone ( believe some news should be out soon).. plus a couple of other investments - Celamin, Nimini etc. Personally, I like to spread my risk, so if GCM doesn't materialise, the great thing is we are not a one trick pony so it wont impact us too much. Plus, unlike many other AIM shares, there's not placings every 6 months ( we have cash in the bank). One gets the feeling we are well positioned to have a v good 2017!
Yeah there were a couple of special dividends around 5-6yrs ago... But that was under Stephen Dattels stewardship. It usually happened when we'd disposed of an asset, some proceeds were returned to shareholders. Tang has come in since, and when we disposed of Signet, nothing was returned signfying a change in mangement policy
Think this is the longest stretch of posts without a Masterbaker contribution! Newbies are most welcome here, but bear in mind MB's input is the gold standard.. LTH' s are ever grateful for his detailed research. Concrete news is what this board tends to be about- come Monday (with GCM's large inevitable rise/fall/volatility).. Pls lets not bring the minute to minute pumping/ talking down agenda here. Hopefully, happy days ahead though!
with Nimini and Regalis. Anyone know? Guess nothing post Ebola with Nimini ... not sure about Regalis. Apart from the likes of Blk/ Hibiscus/Wti, seems across the rest of the portfolio there is at least some mention of news ( however thin) eg Celamin/Ironstone/Gcm but nothing really on these two...
Cheers MB - interesting potential acquistion. I also really think that you should take over the investor relations dept at Polo... always country miles ahead of them in informing across the portfolio!