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Ibug, does he.....is there any evidence of that statement, it could also be said of many on here, my case in point, wrong So many times
Not a trader, so am looking for the share price to rise for more solid reasons than simply a pump and dump.
In UKOG's favour, amongst other things, are:
its very low current price, which assumes it will repeat past disappointments and, therefore, makes no allowance for prospects in Turkey (or, indeed, at Loxley);
the vast quantity of negative opinion posted on this board, which suggests the share price is, technically, well-positioned for a rebound.
Ocelot hides his identity well.
Http://www.trefor.net/2014/05/15/breaking-strain-of-a-kitkat-official-definition/
Penguin, as you are well aware, there are traders in every share in the market.....that IS the market.....no prizes for stating the blatantly obvious....not long to go now......someone will be right and someone be wrong, or a mixture of both...another obvious statement....some will make money, some will.lose money, many will do neither....because they're not invested....yet another obvious statement....you wont break Ocelot....fact
"you know either strightjackets or lifejackets are about to be issued."
Poor lad has to earn a living.
Good to see Adrian is back as Joker....
The last paragraph got a it muddled up, I was going to add a quote from ocelot but I posted mid change. Should read: :-
Every now and then there are days when a large percentage of shares change hands eg in April, from ocelot:-
'RE: top up 09 Apr 2021 14:43
95.2% of issued capital has changed hands during today and the previous 5 sessions'
No doubt it will happen in the future. Is that perhaps not an indication that a large percentage of SH at any one time have no interest in the board (or probably the company, or any 'success') let alone support them - although a P&D based on a dodgy tweet or interview is probably appreciated - but are just here to trade.
When someone posts "UKOG continues to give the impression it is in no great hurry to raise new funds." and then posts "Personally, looking forward to the next developments re Basur-3 and its funding." you know either strightjackets or lifejackets are about to be issued.
Ocelot,
Ultimately the SP performance depends on actual results. If the SP rises because of a P&D as happened in April - that's not the company succeeding, nor are rises because of expectation of success as is anticipated for the rig arrival.
UKOG has a history of rises based not on success of the company but by essentially pi being mislead or perhaps misunderstanding what was happening.
You may consider that success enough as long as you sell before the enevitable fall in SP as reality catches up with false hope - and those who believe rather than trade sit on the 'choo choo' as it reverses into the sidings.
As far as the current mcap (and SP) is concerned UKOG put a current value of under £5mm on their only operated producing asset. They have some equipment and Horndean production but the value of these do not add up to the current mcap of £24mm.
Every now and then there are days when a large percentage of shares change hands. No doubt it will happen in the future (a large number of share 'changing hands') Is that perhaps not an indication that a large percentage of SH at any one time have no interest in the board let alone support them - although a P&D based on a dodgy tweet or interview is probably appreciated - but are just here to trade.
When someone posts a mistake and someone corrects the mistake, no harm is done. When someone repeatedly posts incorrect information after being corrected, it is dishonest.
To use the filter on those who accuse you of dishonesty, so you can keep posting dishonestly with the excuse you do not see the replies so cannot reply to being called out, is even worse and tantamount to deliberate manipulation.
... 'positive' posters seem to shy away from communicating what a 'good' successful outcome would be, preferring to refer to charts and previous share price movements or a SP at some unspecified time in the future.
------------------
Agreed, a "good" outcome will be measured in terms of the share price performance.
Seems the 'naysayers' also exist beyond this board.
-----------------
Thanks to Rodders Jones, we know naysayers represent about 6.5% of share capital (the GM showing support for management's resolutions of about 93%).
But, until Rodders Jones presents a slate of alternative management candidates and an alternative management strategy, the support for his current proposed resolutions doesn't mean very much and is simply a way of registering a kind of protest.
Ocelot: I could give you an argument on this too.
... Turkey also been 'overblown' with expectations probably far higher than the likely outcome, ...
------------------------
Penguins,
The share price doesn't agree with you at the present time.
Ocelot,
despite Alba's BOD deciding a value for their 11.765% of HH of £4mm, based presumably on tea leaves, UKOG have arrived at a NPV valuation that is not a nice round number of £4.783mm for 85.64%(£5.558mm 100%) - £657,000 for 11.765%, somewhat different to that decided by Alba's BOD. Seems there's a lot more than HH even in the current mcap so it's essential Basur-3 is successful -how successful is interesting as has Turkey also been 'overblown' with expectations probably far higher than the likely outcome, though 'positive' posters seem to shy away from communicating what a 'good' successful outcome would be, preferring to refer to charts and previous share price movements or a SP at some unspecified time in the future.
But how many 'investors' read this board and are swayed by posts including those you so obviously disagree with. Presumably not many as there have been many occasions when an RNS as been released and the board is alight with posters claiming how 'good' it is and dismayed that the SP then drops. Seems the 'naysayers' also exist beyond this board.
Of course the April rise was a dress rehearsal for the rig arrival P&D - with posters here repeating the Zak Mir predictions from 6 April all the way through the spike, with similar posts to this by you:-
RE: The SP has the ability to rise and quickly 10 Apr 2021 06:53
UKOG has arisen from its slumber in spectacular fashion.
Personally, I think the last few days constitute a definitive break with its share price performance of the last very many months.
Having broken through the 200-day moving average (of 0.167p at the time) for the first time in 17 months, it is now heading upwards.
How high will it go? Zak Mir suggested 0.90p as a target by the end of next month. I think he may well be right.......'
Tweeters like Zak Mir and his followers on twitter (and here) have far greater reach than LSE posts.
Ocelot: “For those of a contrarian disposition, one of the major factors in UKOG's favour is the sheer quantity of negative opinion against it.”
So it’s good, is it, for the company and its shareholders, for non-shareholders with negative views to express these views freely on the company’s LSE chat site? LSE admin please note and act accordingly in future.
When most people and lth are negative it’s because it’s a lost cause and a complete dog duh
For those of a contrarian disposition, one of the major factors in UKOG's favour is the sheer quantity of negative opinion against it.
When so many people seem to think alike, then it needs very little positive input to swing things around dramatically.
Ocelot: that’s certainly one interpretation. Another is that it’s clear to anyone with the accounts, a pencil and paper and the RNS’s since the accounts that UKOG needs a lot of money quite soon and that this is likely to result in another huge dilution. And that the money raised in this way will be spent on an exploration (yes, exploration) well in Turkey with currently unquantifiable prospects of finding oil. And that if the well is unsuccessful, the company’s prospects of continuing in business will depend on the continued forbearance and generosity of their very long suffering shareholders. Meanwhile, a disproportionate amount of the shareholders’ investment in the company is being removed every month to pay the salaries of the Directors who have brought the company to this situation.
Ocelot so you agree HH is a dead dog, honesty at last …
The current share price assumes that because UKOG has failed in the past, it will fail in the future.
But each project is different and needs to be assessed on its own merits and prospects.
Neither Loxley nor Turkey are in the share price.
The share price has been beaten down by successive disappointments, but who can justify the company's current paltry valuation?
We saw around Easter how very quickly the market can change in UKOG and how very quickly the share price can rise.
Continue to believe the share price movement around Easter was a trial run for what is to come.
Ocelot: I haven’t seen any evidence that those with negative opinions are far more active than those with positive or neutral opinions but would be interested to see some. In fact the shills sometimes combine together to get people with negative opinions on a company banned from posting on the company’s LSE site. LSE should be ashamed of conniving at this. Their doing so will probably form part of any future investigation into the failings of the AIM and the unwillingness of the FCA to do anything about them. Quite right too.
If I disappear shortly from this site you’ll know that I’ve been duly banned from the UKOG site. In which case allow me to take this opportunity to wish holders of this good luck and to express the view that you’re going to need it.
Ocelot, whilst I believe you are an optimistic shareholder. I have been listening to your wind and puff for years now, and as the facts have unfolded up to now your version of how things will unfold are exactly that wind and puff, ... tell us some hard facts that would encourage someone to invest in ukog before a major placing that would quantify a recommendation of a strong buy?
'Are opinions posted on this board representative of shareholders' opinions?'
Why should they be? That is not in the rules written by LSE. If you do not like the rules, you could try a Telegram or similar group for shareholders only. Open boards like this are for people to discuss the merits of investing in a share, not to only praise management and the potential future of the company.
At the moment this is a share trading at 2% of previous highs and further dilution is expected. There seems little merit buying at the moment if a discounted placing is expected within the foreseeable future. Existing shareholders may wish others to buy in and push the price up, so they suffer less dilution when the placing happens, but that helps current shareholders, not new investors.
Are opinions posted on this board representative of shareholders' opinions?
No, they are not.
Why is that?
In part, it's because you don't have to be a shareholder to post your opinion.
And In part, it's because those with negative opinions appear to be far more active than those with positive or neutral opinions.