Member Info for Canchat

So the deal has been done - Everyone that said 'yes' to the minimum got the minimum in cash at £48 - some that tendered for more than their minimum got more cashed in at £48. So a fair value? £38.55 before. Tender £48.00. Difference £9.45.

2.34% less shares so £38.55/0.9766 = £38.91. We have had the first half results which the Board has indicated will be reflected in the second half. So where does the true value lie? You believed £39? in MAY 2023. What has changed? I don't believe that the current SP will be maintained. CHAT

For 'wasted' read 'invested', think of tomorrow. CHAT

Hi TAC, Bingo I have just got 10 sequential green coffins, when I saw your 15:53 answer I knew that I had got something right. Made my day! CHAT.

Gemrusty - Yes, you are right, see the tender document which shews the Directors' and family % before and after.

CHAT

1846P - Is that the bottom - we have spent perhaps just shy of £100m on purchasing our own shares. With the current discount to NAV (20.91%) I am confident that the Board has got it right. FtB.

CHAT

So Pboo states: -

'I see DB wastes another £40,000 on share buy backs.'

For 'wastes' read 'invests'.

I am a shareholder and I approve the company's (UJO's) action.

I consider that UJO's SP is too low. Let time be the judge.

CHAT

Why raise shareholders hopes with talk of takeovers? If a bid comes along then OK but I think that any bid now would undervalue UJO.

If UJO are worth more than 27.5p then holders will hold, new investors will invest and the current SP will rise. With good management I think that the SP will be much higher in six months time.

CHAT

Overpaid on 7 March (2010p).

This is not a falling dagger.

To me BUY is obvious at 18.9% discount to NAV.

CHAT

Grow up and get rid of the brick bats and offensive chat.

I want to read sensible and considered thoughts and opinions about UJO.

Put your squabbles in the dustbin.

CHAT

TAC - agree with your 07:30 post:

'Egdon are now part of a much bigger and financially stable entity who have the cash to develop their long standing projects, ..............'

I hope that George Yates is URGENTLY massing his troops?

CHAT

Well spoken GP, good to see some sense being aired. I cannot see the SP drifting much lower; probably due to the fall in the price of oil?
We have a well run company and there are plenty of unbroken eggs in our basket.
CHAT

Follow the leader (Board)! BUY at 2010.
CHAT

We are on the runway and about to take off. JB is an experienced pilot.
Fasten your seat belts! Sit back and enjoy the ride.
Parachutes available for non-believers.
CHAT

Let us get rid of the it's a con in the title.
What DB is doing is putting some of OUR money into a bond which he believes will give US a good return. He is saying UJO is a BUY and I think that the best place for some of OUR money is to purchase Shares which I believe are undervalued. I agree with him and he knows more than we do about UJO.
CHAT.

Chittybb. Quoting you : -
''DB thinks the shares are cheap now so he's putting some away and saving them, hopefully further down the line UJO shares should be worth a lot more''.
Let us get rid of the it's a con in the title.
What DB is doing is putting some of OUR money into a bond which he believes will give US a good return. He is saying UJO is a BUY and I think that the best place for some of OUR money is to purchase Shares which I believe are undervalued. I agree with him and he knows more than we do about UJO.
CHAT.

TAC, (15:07)
Well written, my fingers are crossed for Biscathorpe, I agree with almost every word.
CHAT

itsawrap

'rubbish posted by heid. the troll pollutes every conversation with endless ramping.............'
If she/he upsets you why not just use the FILTER?
CHAT

NAV - Due probably by Wednesday?
16% discount??
Surely RCP must be a buy or is Questor all powerful and the City follows like a lamb?
CHAT

This came about as a manoeuvre by S&S during the 'Pershing Nominees Crisis'.
If it were a dividend it would be 0.0436 pence per share!
Is it not better kept in the Company? That is for the Directors to use for the Company's benefit?
CHAT

TAC - 'Any of these three will kick start the move northward, 2023 will, in my opinion see the the value of the company way higher than it is now. And I would put money on that'
RBD v UJO.
I hope you are right; many of us have made the bet and already have 'put money on that!
I switched 50% of my RBD into UJO a year ago at about 100:1 price ratio and I am in profit on UJO and in loss on RBD. The big question that I now face is:- 'Should I switch the rest?'
CHAT

ReplyRecommend (5)Report Post

ReplyRecommend (5)Report Post

Any of these three will kick start the move northward, 2023 will, in my opinion see the the value of the company way higher than it is now. And I would put money on that!

ReplyRecommend (5)Report Post

Any of these three will kick start the move northward, 2023 will, in my opinion see the the value of the company way higher than it is now. And I would put money on that!

ReplyRecommend (5)Report Post