Member Info for Tripod-Man

Any investment that relies of government subsidy/support is just asking for trouble. Can't believe I broke my golden rule and invested here. Blinded by all the climate crisis hyperbole and my expectation that our current crop of politicians have their snouts firmly in the green trough (same as the last lot). I thought this investment might offset some of the climate taxes I'm paying. How silly of me. Advised my daughter to buy some of these too. Not good. I'm not sure I'm as brave as SquirelShares and won't be doubling down.

Not very enticing.

According to UK energy dashboard at 14:30 today the UK was importing almost half of our electricity.

I don't think it's a good idea for an island to rely on imports of a commodity that cannot be stored in significant amounts. I wonder when we'll be found out.

I appreciate battery storage isn't the solution to this issue but you'd think the powers that be would push for more self-sufficiency.

Hope Mr Putin doesn't get any ideas to trawl/blow up any subsea cables.

Https://www.imeche.org/news/news-article/reassessing-coal-in-power-plant-technologies?dm_i=7L7Z,2C5V,BKK92,91Z2,1

my mate, jayant ****ole, says it's heavenly. always welcoming. no job too big.

Seems Polo Investments is a subsidiary of Polo Resources.

Polo Investments Limited acquire a stake in GCM Resources Plc from Dyani Corporation Limited in February 2020. Polo Investments acquired 13.5 million shares in GCM Resources in exchange for 44.4 million shares of its parent company, Polo Resources Limited. Polo Group was then the largest shareholder of GCM.

It's not a typo. According to The Edge Malaysia:

"KUALA LUMPUR (July 19): Polo Investments Ltd has acquired an additional 48.9 million shares in Hibiscus Petroleum Bhd, via a placement exercise....."

Is it a new company that Tang is using to hide poor treatment of minority shareholder? If so, why bother keeping the "Polo" bit?

If it's just a name change, what does that mean for old Polo Resources shareholders? I'm not holding my breath.

I'm surprised no-one has taken Tang out....on a date like. ;-)

According to the GCM website, as at 21 June 2023, 20.9% of the shares were owned by Polo Resources Limited.

Could Tang have transferred these shares from Polo Resources Limited to Polo Investments Limited?

Could Tang have changed the name of Polo Resources Limited to Polo Investments Limited?

Or is it just a typo?

According to the article you mention...."Bangladesh is currently grappling with a dire energy crisis as production on many of its coal-fired power plants have been limited or halted due to a coal shortage as the local suppliers failed to deliver coal due to unpaid dues."

Hasina seems not even to have the funds to pay the existing local coal suppliers. Where will the money come from to pay for the Phulbari coal? I can't see international aid/bailouts being used for coal in the current political/net zero environment.

i'm not investing any more in any of tang's ventures. twice bitten.....

i do wonder who the "new institutional and professional investors" are and whether any of them are aware of tang's historical treatment of shareholders of polo and gcm. he's a class a ****. why would anyone go near him? is he likely to treat "new institutional and professional investors" any better than us private investors? are they "new" because no "existing" investor is willing to fund him any longer?

my only solace is thinking/hoping tang has lost much more than i have in these failed ventures, even after milking them for his director's fees etc.

https://www.investmentweek.co.uk/news/4062194/home-reit-investment-adviser-distances-trust-ahead

Perring showing as the only Home REIT short seller remaining on ShortTracker although his Twitter account suggests he covered it on/by the 21 Dec 2022. Maybe he expects the shares to bounce back after the suspension is lifted?

Contagion seems to have caused Alvarium's listing yesterday to go pear shaped.
https://www.cityam.com/home-reit-investment-adviser-plunges-on-nasdaq-debut/

Maybe Perring is getting 2 for the price of 1? PI angel or opportunist?

https://ffj-online.org/2019/11/04/fraser-perring-chronicles-of-deceit-part-one/
Some strong accusations there. I wonder how much truth is in that article. I'd love to know what's really going on. I guess we'll find out around the end of the month....

Does anyone have an opinion about the relative credibility of Fraser John Perring vs Southern Investigative Reporting Foundation?

The TiM article is not well worded. "This is Money" does not seem to proof read their articles. They often mix currencies and units in articles as to make them unintelligible. Self-appointed "Financial website of the year"...my hairy harris.

According to:
https://www.homereituk.com/about-us/investment-advisor/
Alvarium seem to be running the show.

Why the change? Sorry, no idea. The optimist in me hopes that the change will help the market see more clearly who and how investment decisions are taken i.e. remove some of the smoke and mirrors that the short-seller highlighted. The pessimist in me worries it is Alvarium's attempt to throw the Home REIT management team under the bus.

It would have been good if the RNS had shed more light. Maybe we'll get more info before the share suspension ends.

In worst case, I imagine the properties could be sold or repurposed as student accommodation or refugee/migrant housing with little refurbishment required. I can't imagine planning permission being a major obstacle, but I may be wrong. £95/week compared to what some councils are paying for hotel block bookings may seem like a steal.

On 20th Dec, CFO Matthew Briers granted almost £2M in shares....as part of "long term" share scheme. Market no likey?

I would have thought the SP would stabilise now that the major shorter is closing their position. Seems not.

Why would Tang want to relist Polo when he can continue to bleed shareholders dry off the radar? The man is full of sh # t. Polo said they would keep us informed on their website. Last update Feb 2021. Now they don't even bother replying to emails.
If GCM gets the green light, do people here really see Tang treating GCM shareholders any differently than he did Polo's?
Tang's involvement, Polo delisting and not being able to keep a Nomad happy are some of the biggest reasons I won't be investing any more in GCM. He must look after those close to him but I feel he has nothing for contempt for us lowly PI.

Just received an email from "Julia" saying my bonus shares have been approved and should be in my trading account soon.
Problem is they've only allocated <10% of the bonus shares expected. Not good.
Also, the email address "Julia" used is not monitored, so it's a real ball-ache having to go through the website help centre to follow this up.

I really wanted to find something of substance to invest in here but all I found was "and especially given the strong political support" i.e. a company wanting to get a slice of taxpayers money.

HH2E slick website but light on numbers to crunch unless you count the "4 hours of wind and sun per day". No mention of how many mobile phones they plan to charge though.

Instead of your common sense approach, I fear Hasina (and other 3rd world countries) will use COP26 to blackmail us into subsidising their electricity from renewable hamster power. And the UK MSM will love it and Joe public will lap it up and gladly pay, because don't you know.... "the end of the world is nigh", "all the children will die" and "Bangladesh will be 2km underwater by half past four tomorrow afternoon".