Member Info for Strike123

As it became known to Kommersant, UMMC, one of the largest Russian producers of non-ferrous metals, is considering the acquisition of the assets of the gold mining company Petropavlovsk. UMMC has already transferred the right to claim a $201 million loan to Petropavlovsk. At the same time, according to Kommersant's sources, UMMC may buy other assets in gold mining. Experts say Petropavlovsk's most valuable asset is its autoclave, which can process refractory ores, but Polymetal has also shown interest in it.

The Ural Mining and Metallurgical Company (UMMC), whose beneficiaries until March 14 were Iskander Makhmudov and Andrey Bokarev (new owners are not disclosed), is considering the acquisition of Petropavlovsk, several sources told Kommersant.

According to one of them, the company sent a corresponding request to the Federal Antimonopoly Service. The service told Kommersant that "information about applications received by the FAS Russia, which can be published, is placed in the base of the service's decisions." According to another Kommersant source familiar with the situation, UMMC may acquire other assets in the gold mining industry. UMMC, Petropavlovsk and its shareholders do not comment.

Basically, JP Morgan gave 47p rating with the hope that Avanza do not sell seeing their rating but looks like Avanza didn't bother about the rating and banked the profit. Let's see if Credit Suisee will JP and re-rate ENQ. Avanza will then buy again. This time I might top up if this goes any lower.

SWLC, can you ask John M about the UMMC acquiring POG assets? Definitely there should be a RNS on that when market is speculating about take over.

I don't bother to look at the SP nowadays as I know that I do not need to worry about ENQ.
40s definitely at some point.
Putin's war is likely to go on for many more months and that helps POO to stay above $100.
ENQ and other oils gonna make big money this year.

HNS, Great work! I just read all the posts on this thread. Even to me it is clearly a breach. Please let us know if you get a reply from Cine counsel. May be if all shareholders email them then that could have bigger impact. Judge Barbara cannot be on CINE's case. CINE and its legal team should take this to the press. Just send it to SKY TV. They like such cases and will air it on TV for Mooky.

Even if CINE can RNS stating that Cine counsel is investigating Judge Barbara's links to Cineplex then those bloody shorts will run for the hills.

Andy "The whole point is that the merger didn’t happen, but damages are awarded to compensate Plex for that. The damages are designed to put Plex in the position it would have been in had Cine complied with its obligations and not tried to cancel the deal. Synergies just really mean “economies of scale”. Most of the economies of scale if the deal had gone ahead would have been for Plex’s business."

Do not agree. Why only award synergies and not own the cine debt? Because of deal had gone through then Plex would also own the cine debt. So will Plex also pay to Cine lenders for clearing the debt? Why cherry pick only synergies? Why not take and own CINEs debt too?

First of all, if lenders wanted to seize the POG assets and make POG go bankrupt then it would have happened already. It is now 3 months since the war started and the news we have from POG is that -
1) debt transferred from GPB to Nordic/UMMC
2) Waivers received from GBP
3) New buyer found
4) new Export license requested

Now the alarming RNS this week was due to not paying the coupon amount due on 14th May. Again this could be due to sanctions. Lenders can see the gold being produced by POG. If GPB tries to seize the asset then they may not make lot of money in rubles by selling gold. They make more money in dollars so they need POG to survive so that POG can get the new export license, which enables gold sales in dollars.

Now Strukhov who has 29% stake will also benefit if POG remains listed otherwise his whole stake becomes worthless.

So IMO POG will survive and will continue to list. Only thing is SP may not move higher to double digits unless big funds buy in but we small PIs managed to move the SP to 5p so I guess it is worth a punt at these prices if you do not want to miss another 100% rise for the third time!

25% drop from £1 was total manipulation or may be results released at the bad time when Netflix got hammered.

This is easily worth atleast £1.20 as the business is still making money and making more money than pre-covid times and we had ITV at £1.55 pre-covid.

Money is still coming in and ITV is still in profits with dividends forecasted to be increased next year.
Inflation has very less impact on ITV. Infact ITV will charge more for advertisements due to the inflation.

Football world cup is coming up in December. Halfway through this year almost. Expecting £1 easily by December and more by then.

it could be a sell too but if it is a sell then why one would wait till today to sell such a large volume?

Let's see what tomorrow brings.

Remember RNS can land at 8.45am too or any other time tomorrow if not at 7am!

wow that is a humungous buy!
If tomorrow there is a big bang RNS then am selling all other stocks and buying POG!

something leaked I guess otherwise how could someone be so confident to buy such a large amount !

It looks like John M and his team also do not have a clue at what is happening to the company.
Poor chap is helping us all with RNS as soon as he receives some information from BOD.
He must have been happy last week to know that we have a new buyer and sent a nice RNS but today must have heard a whisper from BOD about the debt call and sent the RNS immediately with a warning!
In all of the RNS, it is only IR team signing it and not CEO.
Would be nice if proactive investors or LSE do an interview call with POG CEO.

John M replied to me about Alix Partners when I asked if they were hired for filing bankruptcy. John said company is not folding. They were hired for debt restructuring purpose, which is what is done now with debt transferred to UMMC and Nordic.

The next RNS could be another twist saying work in progress without concluding if we are folding or not.

I can't believe large institutional holders are staying mum and not speaking out in the media.

Lawrence, do you have any contacts with the institutional holders like Prosperity or Everest?

I just bought 250K shares and now have nearly 500K.
I will add more if it drops but bottom reached I think.
It was 2p before the thursday RNS and still cannot be under 2p after the 100% rise.

Previously it went under 2p as it was not clear how POG would make the payments to GPB.

Now we have way forward. We have a new buyer of gold, export license being applied and waivers received from GPB.

POG will continue producing gold. All it now needs is the war deescalate for POG to return to 20p.

Another 100% rise possible with the results

One of the reasons digital advertising has become such a massive market in recent years is the fact that advertisers can target specific audiences. It’s not easy to do the same with traditional advertising channels, such as billboards and TV. With its new digital-first platform, ITV should be able to address these issues.

Indeed, management is aiming for digital revenues to hit £750m by 2026, up 100% from current levels – and ITVX is a core piece of this ambition.

The strategy already appears to be paying off. Total advertising revenue across the group rose 16% for the three months to the end of March 2022. However, digital advertising revenue grew even faster, jumping 27% in the period. Total streaming hours on ITV Hub, ITV Hub+ and BritBox UK were up 8%, with digital revenues growing 24% overall.

For the quarter as a whole total external revenue was up 18% at £834m.

Still, government plans to help ITV and other public service broadcasters compete with global streaming giants do help the firm’s cause, and the fact that advertising revenues are still expanding is impressive, especially as Netflix starts to struggle.

Based on Refinitiv broker estimates, the stock is trading at a forward price/earnings (p/e) multiple of 4.9. Analysts are also projecting a dividend of 5.16p per share for 2022, implying a dividend yield of 7.7%.

ITV is facing some big challenges, but if management can pull off the digital transformation over the next few years, the stock looks cheap at current levels.

In the previous 100% rise, POG did another 75% rise the following 2 days.
If today was not friday, we could have seen similar rise.
May be Monday gap up to 3p.
Another RNS can land anytime about the export license and also for the new buyer for POG gold. We could see another 100% rise when this RNS lands.

The update would re-assure that business is as usual and in the Q1 update, POG mentioned that there was no disruption to their operations due to the war. They may confirm the name of the new offtaker for gold but POG need not mention the name.
I think market would start to move forward as we get closer to the results update.
If POG can continue the business as usual then in few months when the war descalates then many will regret for not buying now.

It was hoovering at 2p before the RNS and now 2.5p the new bottom IMO.
SP will bounce up and down from here on.

Traders out already and now the LTHs will start topping up at these prices as the price settles here.

Now that they publicly announced that buyer is found they can't retreat with any other negative spin as the new off taker will help in paying off the outstanding loans. Also we got waivers from GPB.

Business as usual so we may now see institutions taking a punt like Odey asset management that bought POLY?

POG released it at 8.45am instead of the usual 7am!
I checked it in the morning until 8am and thought to check again in the evening before close for RNS but IR has been cheeky to release at 8.45am!
Missed the rise but nevetheless massive congratulations for those who bought in yesterday!

3% up!
Might be pulled down in few hours. But good to see blue despite markets red.
The update is very good. There is no reason for SP to be at this level. Worth £1.20 easily.