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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.
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.
... Turkey also been 'overblown' with expectations probably far higher than the likely outcome, ...
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Penguins,
The share price doesn't agree with you at the present time.
Ocelot: I could give you an argument on this too.
Seems the 'naysayers' also exist beyond this board.
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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.
... '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.
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Agreed, a "good" outcome will be measured in terms of the share price performance.
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.
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 "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.
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.
"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....
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
Ocelot hides his identity well.
Http://www.trefor.net/2014/05/15/breaking-strain-of-a-kitkat-official-definition/
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.
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
Should perhaps add to my previous post: am looking for the share price to rise for other than pump and dump reasons, but also consider the share to be considerably oversold at the present time.
I'm not sure "technically" and opinion should ever be used in the same sentence.
ozzy52 Don't you ever see the funny side in anything. It was in jest and I'm pretty sure that is how Ocelot took it but In will stand corrected. A bit of fun to break up the constant rubbish posted by some. Perhaps you only have the breaking strain of a mars bar.
Ibug, or a backtrack on a snide remark.....like the " joke " you've just made about me....problem is you're usually the very serious one...... anyway Ocelots a Yorky bar like me, ha ha. He who laughs last........didn't get the joke
ozzy
"the drill will do the talking"
"let the drill do the talking......very soon"
"a fool speaks when he has to say something......let the drill bit do the talking"
"the drill will do my talking"
"the drill will give you my updates......very soon"
"the drill will do the talking....very soon"
"Let the drill do the talking"
Now how did that go?
Looks like your last 3 drills didn't go so well at UKOG. Are you going for a fourth or will it be a go forth and multiply?
https://irpages2.equitystory.com/websites/rns_news/English/1100/news-tool---rns---eqs-group.html?article=26300531&company=ukog
https://irpages2.equitystory.com/websites/rns_news/English/1100/news-tool---rns---eqs-group.html?article=27263148&company=ukog
https://irpages2.equitystory.com/websites/rns_news/English/1100/news-tool---rns---eqs-group.html?article=30354960&company=ukog
Ibug,
In all logic, what have UKOG's last 3 drills got to do with AME's drill at Basur-3?
Ibug, now that's you showing your true colours.....proving your earlier comment wasn't meant to be a joke....no, problem.....everyone is entitled to their opinion.......even the ones who are wrong
AME is the operator 100%.
"Looks like your last 3 drills didn't go so well at UKOG". Does that mean you're a non-investor, too?
An good investor is someone who makes money by buying and selling shares. You really don't have to fall in love with them though. That is probably like most marriages if you look at the number of divorces.
So you are not invested now but may buy in at some stage, is that what you are saying?