Another view13 Oct 2016 16:58
Smallholding 8:26 on iii
" I bought shares in Polo many years ago because they held a basket of holdings in companies with, what appeared to be, great potential.
The value of these companies has always been a matter of opinion as they were still in the development stage.
With the slump in commodities it has been a torrid few years investing in most mining companies.
However, I think Polo's fortunes are about to change. The two investments in Blackham and Hibiscus are two listed companies on the verge of making some serious money and they are tangible investments that can be sold at any point on the open market. With profits, dare I say it, they might actually start paying dividends.
With these two investments Polo changes from an investment vehicle with investments in companies with potential to an investment company with holdings in profit generating companies.
At the time of writing Polo has a market cap of circa £18M
The 10.2% holding in Hibiscus is currently worth circa £7M and the 20,650,400 shares in Blackham are worth (AU$0.78) circa £10M
These two shares equate to the current market cap of Polo without giving any value to the other 7 investments.
As these two companies increase in value, and I have no doubt they will, the Polo share price will follow.
AIMHO "