Member Info for Westy54

John, your assumptions ref redom taking 12 months (Lead time) is not correct. It can be done in 12 weeks once a shareholder vote gives the company the go ahead. It is not a question of whether the company wants to redom, it absolutely must and it is not a question getting things lined up so it can if it has to, that perhaps could be said as being true for any asset split but not the redom, if the shareholders give their approval the company will redom. This is the only way to start adding value back to shareholders who might once again receive dividends and who might gain value from the splitting of the Russia and Kaz assets. All just my view of course.

Fingers crossed am new to this board, but not to NEX, I am expecting some strong results and return to divs following the h1 update of last year

Thanks John and all, you make some very interesting points.

Agreed NewDealz and fingers crossed that the JE jurisdiction makes a big enough difference in our favour chique

CT, ND, or perhaps they are listed on a different but HMRC approved exchange, then you can hold AIM listed stocks in ISA's my example is STCM, AIM listed but also listed on an overseas HMRC approved stock exchange so I have no probs holding it in both ISA and SIPP.

Apologies for typos, fat fingers lol !

Great response Otis thank yiu very much for posting it. I am more than happy to sit tight amd wait to see what POLY can sort for us. They are more than aware that if they want all retail investors to support the redomicile they have to come back to us with a proposal thet protects out tax wrappers and preferably with a UK broker although this is nof essential. It will be very interesting to see what happens, although this may well delay any move to redom but lets hope they can get it right. Thanks again for the uodate great to hear they are trying to resolve it.

Great post urai5 an excellent summary and where assumptions have been made I feel they are fair assumptions. Thanks for the post

Buckeye I am in the Group

That is fantastic new John, many thanks. especially the answer to no. 2 thanks again

I will take a look Buckeye

Thanks Horult for the correction.

Buckeye, I don't know how to can you post a link?

You make valid points there Red. I have learned to stay calm from past experience. During the last massive POLY sell off, when they declared Dividend would be cancelled shares dropped 40% almost immediately and I admit that I was one who got caught up in the panic and also sold, that cost me about £30k and since then the stock rose up to £3.50. I learned a very big lesson from that - Look at the company's fundamentals, are the making money, do they (Normally) pay a dividend, can they afford their levels of debt, what is their ROE and ROCE, basic stuff. I shall not make the same mistake now as I did last September - and mark my words it was a mistake!

No problem Otis, hopeful118, I agree with you absolutely, and furthermore, if you are a Higher Rate Tax payer you would get your 2k tax free, 12,500 personal allowance tax free (Assuming you had no other income, you would pay 8.75% on the next 37,500 chunk and then pay 33.75% on any dividend over 50k. This is a cheaper way to receive income than through your drawdown in a SIPP where you would be paying 40% on everything over 50k

Indeed Red, all this hysteria is too much, what happened to people's sensibility and taking a longer term view. It would appear that folk have forgotten about the returns this company generates and are panicking about the listing..... here's an alternative viewpoint..... and it is MY OWN, I must stress that, not from IR or anybody at the meeting last Wed. Perhaps it is not the Russian assets that are toxic, perhaps it is the very LSE listing and UK domicile that everyone seems so upset about losing that is? I must stress, this is only an alternative thought from me trying to look and appraise all angles.

Also just to pint out the HL statement deals with Russian Domiciled businesses, POLY is NOT domiciled in Russia, can't some of you read?!?!?! I wish everyone would just calm the Fk down

Any Broker has the right to cease trading any share at any time, there is nothing to force them to trade in certain stocks. They will decide themselves depending how they interpret the law and sanctions, some will trade, some will not. Even if they stop trading, you still own the shares, you just cannot trade. You will still receive any dividend and be able to vote in Corporate actions.

Hi Otis, thanks for the post. That is entirely the conundrum that we currently face and as of yet, I do not have an answer so I cannot really help much more. I have asked the question of IR, well 4 in fact as follows:

"In a nutshell these are my concerns and there are only 3 or 4 of them
1. That I will retain my shares on a like for like basis, so if I have "X" shares, I will retain "X" shares after all this is done.
2. That I won't be forced to sell and repurchase those shares in a fire sale situation.
3. That those shares can be held with the tax advantageous wrappers of ISAs and SIPPS
4. That dividends will be payable into those ISAs and SIPPS in GBP.
If you could possibly address these 4 points for me I would be eternally grateful."

I shall let you know what EM says however I expect the answer to be that it is really too early to determine the answers to any of them. If they get the GDR's and a UK broker, then maybe however if they get a Kaz Broker I do not know how the transfer will execute and whilst HMRC have approved and authorised the AIX, I would be surprised we can hold them within tax advantageous wrapper (ISAs and SIPPS) if the holding is overseas. This is just my opinion, I have nothing to tell me either way.

What we really need the POLY Board to find is a UK based Broker who will deal with AIX listed shares within ISA and SIPP wrappers, that may be a big ask, again, I do not know but my gut feeling is that there is enough of a UK shareholding to most likely make it worth somebody's while exploring the possibility.

So in a nut shell, I cannot yet answer your question, I shall wait to hear from EM regarding how the Board might proceed and we can take it from there.

For transparency, I hold POLY, a lot of POLY, and I shall be holding on to them in the hope that whatever happens in 6 months time all this will be dealt with and we can look forward to dividends for years to come - all just my opinion, but there it is in any case. Good Luck All, whatever you decide

That's excellent Tony, thank you very much indeed