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#AST: Board changes and new strategy for Ascent as Hutchinson looks at new projects Watch Here

#AST: Board changes and new strategy for Ascent as Hutchinson looks at new projects
EXCLUSIVE: Petro Matad announce fully funded 4 well Mongolia campaign


Angus Energy Share Chat (ANGS)



Share Price: 9.00Bid: 8.80Ask: 9.20Change: -0.05 (-0.55%)Faller - Angus Energy
Spread: 0.40Spread as %: 4.55%Open: 9.10High: 9.10Low: 8.60Yesterday’s Close: 9.05


Share Discussion for Angus Energy


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E_AL
Posts: 299
Premium Chat Member
Opinion:No Opinion
Price:9.00
RE: Ukog
Today 14:22
"If more shares come onto the market after you've bought then that's different because your share of the total will decrease. You'll have been diluted."

Correct, the company been diluting every couple of months and with each placement we witnessed a drop in the share price so LTHs had either to keep averaging down or hold and hope one day the sp will see a massive recovery, I held my my old position in ukog as a long tern investment, I entered at 2.40, then averaged down at 2.2 then averaged down again at 2 then had to sell for loss at 1.4, since then the sp there kept declining.......
 
CaptainStanley
Posts: 1,719
Opinion:No Opinion
Price:9.00
RE: Ukog
Today 14:18
Agreed.
itsallaboutme
Posts: 1,417
Opinion:No Opinion
Price:9.00
RE: Ukog
Today 14:09
You are both correct. In the end, it's the market cap that matters; but having billions of shares and a penny share price looks bad and keeps plenty from investing.

If UKOG had a consolidation and the share price was x10 and it's number of shares /10 then it would look better to many investors and should also take a bit of volatility out of the market due to tick size.

If the stock price didn't matter then companies wouldn't stock-split or consolidate yet even large companies (AAPL, for example, have in recent memory done so).

Same applies to ANGs of course.
Baz12345
Posts: 688
Opinion:No Opinion
Price:9.00
RE: Someone's buying 100k clips
Today 14:02
So you keep saying - We can't even get to 9.50 but yes we are flowing,!
CaptainStanley
Posts: 1,719
Opinion:No Opinion
Price:9.00
RE: Ukog
Today 13:57
Earnings per share will go down but guess what you'll have more shares wont you so no difference. If more shares come onto the market after you've bought then that's different because your share of the total will decrease. You'll have been diluted.
E_AL
Posts: 299
Premium Chat Member
Opinion:No Opinion
Price:9.00
RE: Ukog
Today 13:50
Captain, increasing the number of shares means UKOG's earnings per share will go lower which of course negatively affect the the share price & Market Cap too :

It works like this:

Let’s say company X has one million shares and earns £1m. That translates to earnings per share of £1. If the average company in O&G sector trades for 20 times earnings, company X stock should trade at £20.
However, if company x sells 100,000 more shares into the market and now has 1.1 million shares outstanding, that £1 million in earnings now translates to £0.90 per share. And with an earnings multiple of 20, its share price would only be £18......
CaptainStanley
Posts: 1,719
Opinion:No Opinion
Price:9.05
RE: Ukog
Today 13:32
The number of shares in issue is of relevance if you were a holder several years ago as you will have been diluted but why is it an issue for new investors? They'll just get more shares for their money but the same proportionate 'slice' of the company. It's actually about the Market Cap of the compnay isn't it? If that goes up then your shares will be worth more. For UKOG the value of their Market Cap will largely be determined by how much oil they 'own', how much they can produce and how much profit they make selling it.
Should profits be sufficient to cover development and running costs then no futher dilution would be the result, or at least hopefully minimal further dilution. UKOG might be at a tipping point in their development?
E_AL
Posts: 299
Premium Chat Member
Opinion:No Opinion
Price:9.05
RE: Ukog
Today 13:26
I totally agree with ismailq, ukog's sp there will 'partially' recovery but not anytime soon. I have no issues at all with HH and I strongly believe in the Weald basin potential but imo the problem is with the investment vehicle! The company has way too many shares issued (5.5 BILLIONS shares) so the sp recovery will be a very long and painful process, for some reason this doesn't bother SS who will continue to dilute the company's shares if needed, unfortunately the low sp attracted an army of penny pinching day traders, they are happy with making 2-3% profit a day and WILL sell at any spike, like what happened today for example. I do think the company will carry a reverse stock split at some point and imo it will be when they are done with all the testing at HH and ready to move to full production......
Dorkingman
Posts: 321
Opinion:No Opinion
Price:9.05
RE: Vote Vonk.
Today 13:22
Pdub - Agreed. It was comforting to see SS mention "the Company's geological concept that KL oil lies within a significant continuous oil deposit." I read this as a massive affirmation that our contiguous PL is likely to be part of the deposit which delivers...OPTIMALLY
Pdub
Posts: 7,926
Opinion:No Opinion
Price:9.10
RE: Vote Vonk.
Today 13:15
Dorkingman I agree. Mr Vonk must surely be aware of the importance for him, the company and the shareholders of good results posted ASAP. Limited obviously by site safety and correct procdures but I don't think he will delay any good news under the circumstances.

This morning's RNS at UKOG gives me renewed hope of good results at Brockham
Dorkingman
Posts: 321
Opinion:No Opinion
Price:9.10
RE: Vote Vonk.
Today 13:11
PV has my vote. He is more than ever aware of what is at stake. Securing flows and securing optimal BOPD is uppermost in his mind. Not long now i think.
Pdub
Posts: 7,926
Opinion:No Opinion
Price:9.10
RE: Vote Vonk.
Today 13:03
Haha 'city toffs' definitely not cute toffs!
Pdub
Posts: 7,926
Opinion:No Opinion
Price:9.10
Vote Vonk.
Today 13:02
Brockham progressing
Balcombe funded.

Wrong time for change at top. Also don't want cute toffs taking over my investment. Mr Tidswell's record explains why

Will definitely vote Vonk. No sensible alternative.

Just my opinion.
gkb47
Posts: 939
Opinion:No Opinion
Price:9.10
RE: Board change?
Today 12:50
"Hope JT wins the day. It would be good to have an expert in charge. Too much deceit has gone on in my opinion."

And the most ironic post award of the day goes to this one...
Trot
Posts: 24
Opinion:No Opinion
Price:9.00
Ukog
Today 12:43
It's got to be worth an investment
baits
Posts: 6,466
Opinion:No Opinion
Price:9.00
RE: Ukog
Today 12:41
once UKOG have HH up and running with all the wells they plan for it, it will be a different story.wait and see.
ismailq
Posts: 2,018
Opinion:No Opinion
Price:9.00
RE: Someone's buying 100k clips
Today 12:37
And it continues, another 150k buy.

I think we are flowing!
Trot
Posts: 24
Opinion:No Opinion
Price:8.95
Ukog
Today 12:28
Still going down I have not invested but surely that will have an uphill turn soon.
itsallaboutme
Posts: 1,417
Opinion:No Opinion
Price:9.00
RE: Board change?
Today 11:58
JTP caused the lowest SP ever with his dodgy share loaning.
JTP was in charge when he drilled the wrong well and caused all the issues with SCC.

It's been down to PV to keep this company going despite the sabotage by JTP and PV bought us Balcombe which will flow in excess of 3,000 bopd based upon the test done.
Renegade
Posts: 2,661
Opinion:No Opinion
Price:9.10
Misc
Today 11:45
Ukog news has gone down well I see!

LP 1.16p.
Renegade
Posts: 2,661
Opinion:No Opinion
Price:9.10
RE: Board change?
Today 11:39
loot,

Like missing shares for example???
baits
Posts: 6,466
Opinion:No Opinion
Price:9.10
RE: Board change?
Today 11:37
in your dreams if Tidswell got in it would go private again most likely, and then the swampies would not have a clue what was happening at Brockham or any other well they drill.I do not think you would like that.
loot
Posts: 127
Opinion:No Opinion
Price:9.10
Board change?
Today 11:34
Hope JT wins the day. It would be good to have an expert in charge. Too much deceit has gone on in my opinion.
Pboo
Posts: 2,442
Opinion:No Opinion
Price:9.10
RE: Pboo
Today 11:14
Baits,
As I have said I have no worries, I am not breaking any laws. Looking forward to the FCA contacting me.
rxdav
Posts: 1,019
Opinion:No Opinion
Price:9.10
SP
Today 11:03
9.095 / 9.15 - tight spread




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