|Bid||6.50 x 3224000|
|Ask||9.25 x 694800|
|Day's Range||8.15 - 8.47|
|52 Week Range||6.25 - 8.75|
|PE Ratio (TTM)||8.35|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.13|
One of the strangest stories in the mining industry this year has been the battle between Russian gold miner Petropavlovsk Plc and its activist, mystery shareholders. For weeks, the company has demanded to know the identity of its new shareholders, who are leading a fight to oust the board and represented by little-known holding companies. Bloomberg News spoke to one of the investors by email, Evgeny Khata, a cryptocurrency executive and author.
The resolution seeking to oust the board has been brought by two mystery shareholders, which control just over 9 per cent of the company. ISS and Glass Lewis, which are widely followed by institutional shareholders when deciding how to vote at annual general meetings, said they should not elect co-founder and former chief executive Pavel Maslovskiy, Sir Roderic Lyne and Robert Jenkins as directors. “Glass Lewis makes these recommendations because the arguments for the requisition lack rationale to justify the removal of the entire existing board of directors.
Pavel Maslovskiy, one of the founders of Petropavlovsk (POG.L), hopes to return as CEO later this year in the latest twist in a long-running battle for control at the Russian gold miner. Maslovskiy stepped down last year after a shareholder revolt ousted another co-founder, British businessman Peter Hambro. Kazakh entrepreneur Kenges Rakishev, who is now the company's largest shareholder after buying a stake from Russian billionaire Viktor Vekselberg in December, also wants Maslovskiy back at the helm.
Investors are always looking for growth in small-cap stocks like Petropavlovsk PLC (LSE:POG), with a market cap of UK£231.26M. However, an important fact which most ignore is: how financially healthyRead More...
Petropavlovsk PLC (LSE:POG) trades with a trailing P/E of 7.7x, which is lower than the industry average of 12.3x. While this makes POG appear like a great stock to buy,Read More...
Kazakh businessman Kenges Rakishev, who owns just over a fifth of Russian miner Petropavlovsk (POG.L), said the company should sell its 31.1 percent stake in Hong Kong-listed iron ore company IRC to focus exclusively on gold. Rakishev, who bought a 22 percent stake in Petropavlovsk in December, has said his near-term focus is on bringing back former CEO Pavel Masklovskiy to continue work on a project to boost the company's output. After that, he would seek acquisitions, not just in Russia, but in central Asia, and he said shareholder value would be increased if Petropavlovsk sold its stake in IRC, which has a market capitalisation of around $200 million.
Petropavlovsk PLC (LSE:POG), a metals and mining company based in United Kingdom, received a lot of attention from a substantial price movement on the LSE in the over the lastRead More...
Petropavlovsk PLC’s (LSE:POG) most recent return on equity was a substandard 8.54% relative to its industry performance of 9.36% over the past year. Though POG’s recent performance is underwhelming, itRead More...