REMINDER: Our focusIR Investor Webinar takes place TONIGHT with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
No David
A decent dividend for our patience an to attract new investors followed by another one being announced end of this year.
0.70p would be acceptable.
David, you have plenty of money in your war chest an we know full well Biscathorpe will never be drilled. West Newton we hope to see funded this year but will you have to pay for a drill this side of the year, starts to look doubtful. The royalties will be put towards our dividend too plus you have Wressle flowing.
So do not insult us shareholders when you an the board have banked £500,000 an we have been stuck with poor returns for a year now.
You will still drill an extra well this year in the USA or maybe two an you are more than funded for that if you say this USA well is already a major find.
Next week it is as good as certain the company will release the Andrews1 well results. I seriously do not believe for one minute they would be presenting at the Sidoti event unless this well had come in commercially. This means an RNS is pretty much guaranteed next Mon/Tues, allowing the communication to be uplifting and positive for the future of Union Jacks entry into the US. All I want to see is a back to back drilling operation then, it would make sense to do everything possible to increase revenues outside of the UK. So, David, a small dividend please and an extra well 💪
'Investors need a return and so far, we have had nothing. Over a very very long time. '
Absolutely agree an when you take off your rose tinted glasses you realise this.
Every single Annual Report David has written says the futures bright
Yeah been bright for his £300,000 a year an then old stingy didnt even award the dividend he promised my family.
You can drill all the holes you like but I want to see the share price at 35p with dividends or my families holdings will be dumped an I am sure I am not the only one here thinking this.
As GP said, if Andrews is indeed a "major success" then you would want to be securing as many opportunities locally as you could before telling the market, would you not?
Good post Jabez and like most LTH, I for one concur.
CT5 - Honestly, i think some of the stuff they are doing is absolutely excellent. Much like it was absolutely excellent when they drilled Wressle and Keddington and got planning here there and everywhere.
There is a time value to an investment. Investors need a return and so far, we have had nothing. Over a very very long time. So what faith do i have that even if the US flows like the Mississippi, Wressle gets stronger, even West Newton turns productive that me, as in investor is going to get my return, that also reflects the pounds shilling and pence, and the time value of the investment.
Lets see - as i say, some great stuff, but we need to start seeing some positive returns for investors.
David knows ... we just dream of 50p
https://youtu.be/L5gRuU9PIEI?si=_LZnLeQSFLrl22th
Where’s the andrews oil update? David knows by now if there’s oil or not. it’s 8 days for testing and we are well past that…. update time
I think you will find that a certain poster has NPD. Just Google 'special me' to understand. Would be a solution to just filter as it would be better for all involved.
I totally agree with your sentiment Karina, it's not nice seeing someone constantly trashing your investment, even more so when they are not even invested. All those silly polls and constant attacks on the board, the assets etc are annoying and this is why I try to defend my investment too. The likes on our posts show quite clearly many others feel the same way. Heid has made her point, everyone knows it.
Not a word I use lightly CT and to be fair I was fuming at the time.
I have a significant sum in UJO and my sons are also invested, I feel I have every right to bite at anyone that feels they have the right, and lets face it takes active pleasure, in seeing us lose money
So I will not apologise and I note LSE have not removed the post, perhaps they are as fed up off her as we are?
I would so love this board to stick to UJO and not flights of fancy and personal attacks
The Tories have been given a massive hammering in the elections by labour which all points to a pretty likely outcome in the main elections. Labour will, imo, be the next governing party which all points to more pressure on companies like UJO. Energy Profit Levi will rise by a further 3% and the cessation of any further onshore licensing, exploration or production. Thank goodness David has pre-empted this with the move into the US.
Milnrow, Those treasury shares could be of immense value to the company further down the road. This deal with Reach looks to be very strong and there may be an opportunity to join forces maybe? If that happened, the shares could be used this saving raising any money. I would prefer they were kept for now. Regards Karina's comments, they were in fairness a little over the top in terms of the 'C' word, I do hate that being used, but my post about Heid too received over a dozen likes. She does flip flop almost on a daily basis, her silly polls , her belief she has some sort of power over David, her constant attacks on the board, she is a bit ridiculous. However, everyone has a fundamental right to speak as they feel so sadly, sniping at each other will carry on regardless.
14 people disagree on that point Miln. That’s pretty overwhelming on this board
Heid&JOkin, these need to be sold not held, and anymore buy-backs we can afford.
CT5&JOkin, buy-backs to resell dearer, what would that do to the sp of the company: I do not recommend?
Pboo, imo he should, & cancel.
Karin, that was a rude and nasty denunciation of Heid. All her posts are visible, we know how bad she has been for years; this is not needed.
As to 50p, we did, I sliced; not much though. Dugghhh
You will see £1, just can't say when. Foolish to forecast in detail, "hostage to fortune". We know assets, prospects, income & cash in bank. Sure, future is unknown but we are exceptionally well-placed to deal with it.
Just, please, no more dumb forecasts, or polls?
You gotta wonder how many will jump ship if it ever reaches 50p ??
An to think I once saw a pound.
Zzzzz Night TAC.
Maybe matey boy will buy in, Craig ? Though probably a closed period.
Guess he will buy in soon though. Least one would hope so.
And never a Friday RNS. So I am expecting an announcement next week to confirm the commerciality of the Andrews1 well. This will fit in with the Sidoti event so it is, in my mind, already waiting to be confirmed. Last chance tomorrow to buy in maybe 😀
Give TheAimCasino a nudge would you. I enjoy his/her musings about institutional Investors buying in and predictions on when the SP will be £1... 😉
No two ways about it CT. An independent advisor cannot hold shares….
Hopefully a new poll is issuedzzzzzzzzzz
Good point Karina. An independent advisor surely cannot hold shares or he would be biased and anything he did for the company would not be recognised. That would apply to anything he contributed to like the audit possibly I assume? Craig Howie could of course take some as an executive director.
As you are keeping it company focussed
How do you square away UJOs independent advisors buying shares in UJO? They would then have to resign as advisors as they’re no longer independent and we lose the key partner ….. genious….
Pretty poor effort by someone who thought they would be a board appointee don’t you think ?
#UJO Next pump an dump coming on USA news for @UnionJackOilplc
@OG_Advisors or Craig Howie buying in would bode well
Two decent divis this year. Buy backs restart now at 23p being cheap
Cancel treasury shares
To hold 35p board/ @ofarrellj need to be more strategic for LTHs
AGREE more strategy req'd 60%
FINAL RESULT
Thank you for all that took time to vote 😁 👍