RE: RE: POLO's NAV23 Dec 2016 11:06
Airdrie, Me? Over the top? My point on this occasion boils down to one little thing: Polo should release price sensitive news as soon as they know about it, not bury it in the annual report issued half a year later.
Ramper, deramper.. the favourite labels issued by board contributors, if we express unhappiness with the company we are automatically labelled. “Solo flash deramper”.. Hahaha! priceless expression!
Your somewhat indignant dramatization is amusing with all your suggestions including going to the Prime Minister etc. with my “case” against AIM. You do sound like you almost enjoy the fact that you are not being treated according to the rules by AIM companies where information is shared unevenly, whereas I don’t.
Yes I own shares here but the actual number of shares is of little general interest since e.g. 1 million shares is a lot to some and only loose change to others depending on the total wealth of each person.
Having owned a small lot of Polo shares for years, I started accumulating in the summer and further into the autumn, not having been informed about this significant write-off which has now reduced the shareprice by around 25% (!!) the last few days. So yes, I am annoyed out of self-interest - which investing is all about. Had Polo let the cat out of the bag in the summer when the write-off was a fact the shareprice would have fallen at that time and we all would have paid less, i.e. the correct price. But emotional? No.
Why is it so unreasonable to require Polo to follow AIM Rule 11:
“An AIM company must issue notification
without delay of any new developments
which are not public knowledge which,
if made public, would be likely to lead
to a significant movement in the price
of its AIM securities.”
Investors shouldn’t have to tell their local MP how unfair AIM is, or write a letter, or tell Teresa May, or attend the AGM to beg the companies to follow their own EXISTING rules. But judging by the attitude expressed by shareholders on bulletin boards we small investors will sadly continue to get the second class treatment we obviously cherish.
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