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Has anyone worked out how much they are going to lose?
I have my 4M shares that cost me £8k. 200:1 will leave me with 20,000 new shares at 5p which gives me a value of £1K.
How is this good news? Please someone tell me?
Your 4 million shares are worth £6k at the moment. Your 20,000 shares will be worth £6k after consolidation ( 200 old =1 new). New shares will trade at 30p
You might have lost £2k on paper, but you still have £6k worth of shares
Thanks for your reply, but based on this below the share price is going to be 5p.
Here is the link. Maybe I have read it wrong. What do you think?
https://www.investegate.co.uk/union-jack-oil-plc--ujo-/rns/notice-of-general-meeting/202102190700066452P/
I agree it should be 30p based on calculations but what it shows is "Nominal share value post-Consolidation 5p"
CONSOLIDATION STATISTICS
Existing Ordinary Shares
19,815,906,4002
Consolidated Ordinary Shares in issue immediately following the Consolidation
99,079,532
Nominal share value pre-Consolidation
0.025p
Nominal share value post-Consolidation 5p
Notes:
2 The number of Existing Ordinary Shares includes the 75 Ordinary Shares to be issued to David Bramhill which is required to create a share capital that is exactly divisible by 200.
The Company's SEDOL code is B814XC9 and ISIN code is GB00B814XC94.
Following the Share Consolidation, the Company's new SEDOL code will be BLH1S31 and its new ISIN code will be GB00BLH1S316.
DaveB
The nominal share value is not the market share price. The nominal value is what the company founders paid per share upon incorporation and listing all those years ago. It has legal relevance but no market relevance.
Thanks Bernhardlonger,
If you have nothing constructive to contribute, can I suggest you keep you cryptic remarks to yourself. Your comments adds no value to the conversation and as a result no one gets to improve or learn anything. All you are doing is wasting my time. Whereas others on here are at least making a contribution to trying to help/educate those who may not be as skilled or as knowledgeable.
SecretBluePrint,
Thanks for the information. I'll take a further look in to the nominal share price.
30p a share would be a good starting point. Let's hope it goes up from there.
The future for UJO does look good if it all comes together.
hands up if you would rather own UJO over GGP. RIP if you didn't sell out this will be a scortcher of a lesson ! trust no one !
strong SELLLLL
My understanding is that the share price can't drop below the market price - forcing the company to take action
It's not good news - I buy a million shares in a company for a few quid - I do it for enough companies - hoping that 1 - maybe 2 of them reach the giddy hights of a few pence, giving me a profit. Consolidations take that possibility off the board
where is the loss 1 mil at 0.15 and 10000 at 30p
or 1 mil at 0.145 or 10000 at 29p
both are the same in the end if goes up a penny it's a hundred pounds if it goes down a penny it is minus a hundred pounds. I am sure you can work out the quarter half or 75% of a penny like 25 50 or 75 pounds plus on minus up or down
WilyCoyote,
The consolidation is a very good thing here because it will attract institutional investors.
David and his team obviously believe this is the right time to do it and are confident in the portfolio of assets as we move forward now.
I'd love to give you a big Sqquuuueeeeze MickyBee.
Maybe Oil would come out your mouth instead of all the Sh1-te you spread here today.
500 Barrels to be precise.
I best not squeeze your Pen1stone or we would have a right old mess.
So your theory is that institutions become interested in - and buy shares in - companies with a share price above an arbitrary value? I would say they are more interested in dividend return. If you can tell us how many Institutional Investors UJO has now - we can observe how that changes in the next 12 months. By the way - I invest in Shell, BP. SSE BT etc for decent growth and a good dividend - I invest in AIM because I hope for a massive increase in price due to exceptional news. Consolidation makes that increasingly unlikely
Lets try how many institutions are already interested or will be when we see the updated CPR and EWT results from West Newton ? Coupled with Wressle flowing at 500 BOPD after the squeeze imo. Moving on to the largest unappraised well at Biscathorpe due to be drilled this year.
The difference is that at 30p - the price is unlikely to change much in the medium term - the whole point - for me - in AIM investments is the hope that I pick a share that has a massive increase in price, that wasn't predicted or seen by the institutions. Hopefully we have all had that AIM experience at least once :)
Simple, sell up then if you do not believe in your investment.
Heid , nothing is happening
You pick a share that does not have the potential like West Newton to be on the radar of an institution already ?!
Go buy a lottery ticket mate then.
200 a day to UJO , big boys will be all over this JR Ewing too , nothing is happening , not got all the permissions
tommorrow again , next month H2 , Xmas , next year , a long playing record , stuck
How do you know what permissions they have or know are due approval very soon ?
they haven't got them all
approvals , tomorrow again , not in place