Member Info for bonum

Lol, are you IN or OUT today Harry?

Let's see what they actually say about financing, rather than start calling people 'numpties' and other such juvenile temarks Jay - they have no place in intelligent (objective) discussion of any investment.

Assuming it's a Placing, I actually don't think any price drop will be (necessarily) that pronounced or extended, due to the Clarity such an RNS will provide along with the underlying 'support' for the stock and recognizing prospects going forward.

Caveat: dependent on the specific details of such a placing or indeed, any other arrangement as others are suggesting.

At this juncture, it's clarity regarding the initiation of Operations, via funding of any sort, that's actually required now.

Atb & have a good day all.

It's the very restricted stock availability that makes it move so sharply bullthebank, but the catalysts are quite easy to identify ie the content of the Final results & the removal of the fca investigation.

Prior to that, there were very positive indications coming from the company / contracts / staffing (amongst others), that reinforced the sentiment towards strong recovery.......and hence the underlying Uptrend that was being established.

With the FCA fetters gone, those Institutions that recognized the recovery but were unable to previously buy stock due to aforementioned fca issue, are now free to initiate Holdings.

We may have seen a dramatic price move but should see a much more pronounced, overall price rise beyond previous levels, as part of a concerted Uptrend for YU.

That's why I had no hesitation in Buying today and consistent with expectations for an exceptional ROI over my investment timeframe.

Atb

I just sold my RMG (Royal Mail) stock and bought 3000 shares here at 08:02:01.....as my stated intention earlier.

I'm very confident of seeing a multiple ROI in the coming months (Capital gain & Dividends) beyond the shorter term timeframes of a few days.

Atb all

K3serzoze, I think Institutions are a lot more dispassionate about investments than your average private investor and no doubt partly due to it not being their own money.

However, other very pertinent factors come into play such as an objective view of the balance sheet & prospects going forward, sector / competition specific analysis and all set within timeframes beyond those over a few days.

Also importantly, many Funds will be looking towards a Dividend revenue stream, which YU. will be providing.

As has been mentioned, those Institutions were part of the previous placing at £10 and can clearly evaluate a much better entry now, from an operational perspective & price point.

Hence, we should see Instututions taking positions going forward and for the very limited number of 'free float', hence the pronounced move upwards in the coming weeks / months.

As usual, will post the trade to coroborate the statement expressed re: Buying more stock.

Good points and why it's always good to be able to identify Dividend paying stocks that are earlier in their growth stage and likely to significantly rise.

I have a few £k in this and running at a large loss atm, compared to any of the rest of my Dividend portfolio.

Am considering selling all or part and buying into YU. , for the above mentioned reasons and the likelihood of a substantial capital gain there.

...just awaiting clarity on a specific issue.....then should be very interesting there.

Prefer COPL tbh

I leave that to the bedroom Lallee ;)

In seriousness, only have a very small holding there as they have a lot of capex requirements, hopefully resolved through funding initiatives.

Atb

I'll reiterate my views expressed in yesterdays post at 17:27 and the much Stronger position we're in now, as compared to the previous placing price of £10 and the high of circa £12 plus.

It's pretty inevitable imo, that those levels will be reached again and surpassed, albeit stages in the process to achieve that of course.

Due to the limited 'free stock', price variances here can often be quite dramatic as we've seen, although the fundamentals underpinning reflecting performance etc will eventually have the final say on such.

YU. are operating off a much stronger platform now, no fca issues, profitable, looking towards paying a Dividend and shareholder interest strongly aligned to Management.

It's pretty inevitable that Institutional Buying will reassert itself and the impact on the Share price, beyond the most very recent Highs, is obvious.

The share price itself has slowed in its decline after said rise, hence looking good for the next move up as an underlying Uptrend (even before the recent RNSs), reasserts itself.

I'll be buying more with the limited funds I have available.

Atb all

Well said the both of you. Many of us have holdings here and have continued with such for a very simple reason -

When News does come, it'll be a MASSIVE rise on the share price and moreso looking forward towards actually moving into operational activity - we can only imagine where it would be post spud and moving towards drill resukts - all this from the sub 2p levels we're sitting at this moment.

That's accepting the obvious insofar as no Farm in agreement has so far been concluded and there is no absolute guarantee of that happening!

However, we have some compelling factors that (imo) make this an essential hold in my own portfolio and with relation to my the risk profile of that part of the PF ( my portfolio has various investments divided into different risk profiles).

Previous beauracratic & legislative issues have now been resolved and we also have Ditector interests heavily aligned with shareholders, through the previously defered Salaries for Shares program.

The macro economic climate with higher, sustained oil prices and a re-emergence of offshore exploratory activity is also much more positive now as indicated in the financial reports.

We're also in Current discussions, so although that 'communication' may have been ongoing for some time, the external factors to facilllitate a deal have never been better, since the BP Macodo incident.

At these levels and given the potential Upside, it's a stock which I will Certainly continue to hold!

Atb all

I'm in that too Sunday......let's see if they finally get the news there too, lol.

Atb

Sunday, I just want to make sure they don't renage on their stated commitment to introduce said Dividend, hence think it's prudent to remind them and also have contingencies in place to address other eventualities - especially since no reaffirmation of that commitment has been mentioned since, so hope it wasn't just for the benefit of ICM holders at the time.

I like Toby on a personal level and indeed have indulged in a merry old drinking session with him back in the day. However, having been involved in the markets for some years, I can also appreciate Taproot's sentiments regarding extravagant Executive remuneration, whilst shareholders get left out in the cold.

It'll be interesting to see what Toby comes back with - I sincerely hope he doesn't disappoint.

Atb my friend.

.....fortuitous

I've deliberately left this alone as I have a timeframe well beyond the very short term, hence the current price transience is pretty irrelevant in my investment strategy.

I'm looking at this to eventually surpass the relatively recent Placing price of £10 and the recent highs of circa £12...
.all off a stronger operating base than previously.

FCA investigation shackles now off and once this current transience is over, we can see a progressive move upwards over time.

In some ways it's gortuitous, as I would like to significantly increase my current holding levels.

Atb all

"maybe something if one of the more respectable posters can email him" - Okay, we'll get Harry on the case ;)

That's why putting money into YU. as part of my dividend portfolio - moving back towards its circa £12 price level off a strengthened platform and without it's previous issues to hold it back now.

RGM hasn't done well for me but will continue to hold as no point taking the significant loss on it now (for me).

Atb

Some communication from the company should happen imo and given the timelines previously communicated. They need to let shareholders know whats happening and reasons for any delays that may be occuring / progress on the funding front.

Art Millholland has been portrayed as almost 'Saintly' by certain posters here, so let's see if that extends to actually considering shareholder interest with regards to his recent 'promises'....

Atb

Taproot, on the face of it, I think you have some valid points and genuine concerns that we all share.

My fear is that the Management team will be set more on an Acquisition strategy than one on delivering to shareholders, the justification being to build a stronger operation but effectively used to also justify increasingly obsene remunerarion packages - that from the perspective that ordinary shareholders (owners of the company) are at the bottom of the pecking order & effectively can't do anything about it anyway.

We can conceivably be going down that path for an extended period of time, with ICM shareholders either selling up or buying into the 'bigger picture'.

I don't think the effect on the share price is a major issue to them, as they'll still be getting well paid and Cash talks when it comes to implementing those acquisitions - the same dividend cash pile that should've been distributed to Shareholders but is instead being utilized for the 'greater good' of the company......again, all good as long as the Management don't sacrifice their ongoing benefits.

That's actually my view on why there has been no mention of a Dividend since......essentially they've decided to implement the aforementioned strategy to the detriment of otdinary shareholders.

What can we do about it?

In the face of it not much but things do have a habit of building up a momentum in certain situations. I know I and other LTHs have significantly large individual holdings and there are the current ICM holders of course.

Can we do something? I think we may be able to if we're pushed but would hope the Management actually stop zeroing in on their own personal needs and start considering us Shareholders within the picture.

I'm not sure if anything we can do, will or will not ultimately effect such consideration.....but I would hope Toby still retains some of the old sentiments he used hold for Shareholders, when Freddy Kreugar was in charge.

Thoughts & observations welcome.

Sunday, I'd be happy to send you info on my Holding levels etc, if something does need to be organized.

Atb

We also have the number '3', which means 'give birth' or 'life', along with 6 & 9......8 being the luckiest, as mentioned.

(I'm not an expert in Chinese numerology but just looked it up, lol).

So, a few more good ones up for grabs!