Make your money go further for just 25p per day

Polo Resources (AIM:POL) – a bargain waiting to be snapped up?

26/08/2011 · Polo Resources (POL) 

The sale of Caledon Resources will bring in 112p per share to Polo who has a 27% interest in Caledon; Polo has already proposed to pay its shareholders a 2p per share special dividend.

Polo’s 27% interest in Caledon represents 3.93 per share of Polo’s net asset value. In addition to this there is approximately 1.00p/share of cash. Liberum Capital currently estimates that the fully diluted NAV for Polo is 6.57p/share to which the shares currently trade at a 24% discount (5p which does indeed look too wide).

Following the Caledon distribution Polo will have free cash amounting to 4.94p/share which is broadly in line with the current…

Sign up and read the full article

Register to continue reading our content.

Get FREE access now

Already a member? Login


Previous article Next article

DON'T MISS OUT!

Get top investment ideas to help safeguard and grow your wealth.

Invaluable insight from the exciting world of smaller companies.

REGISTER FREE

DON'T MISS OUT ON OUR PREMIUM CONTENT

Become a champion investor for just £90 a year. Benefit from our high performing portfolios:

START FREE TRIAL

More on Polo Resources

Polo Resources (AIM:POL) – a bargain waiting to be snapped up?

26/08/2011 · Company Insights
The sale of Caledon Resources will bring in 112p per share to Polo who has a…

More Company Insights

Elderly challenges | Demotion | Australian boost

21/11/2024 · Churchill China · CVS Group · Renold · Tracsis

Bonkers Bargains: poised to recover with a new CEO

20/11/2024 · James Cropper

Improving returns | Questionable business models

Sign-up to our free email updates

SIGN UP