Member Info for Cardinal3

Scokky

On the basis of your questioning of posters only people who are invested ought to post. Surely a reasonable bb will have a debate on both sides of the buy/ sell argument, not just comments that suit either playbook.

HHIan

You are quite right, things take time. But even the RNS was a day late per the Open Offer timetable. This is basic. It does give a poor impression of the management. Sadly this is standard in UKOG world.

MM I am sorry to say this is deluded. A 10% take up is as poor as it gets and tells SS what they think of the company. If he can't be bothered to buy shares- as he said he was intending- why should anyone else?

Supporting a traveller site instead of an oil rig next door only emphasises the lunacy of the objectors. The cops would be called within minutes.

Meanwhile does anyone know why there was no announcement per the open offer? Did they forget, following the precedent of the CEO forgetting to buy shares?

This didn't age well!

Cardinal3............0.95p
Seany123............1.00p
Marmite............ 0.00p
Teej ................... 0.75p
Baffled....,,......... 0.85p
Falky....................0.95p
Divichaser ..........1.00p
A1....................... 1.20p
helu.....................1.25p
Victor Blank........1.50

Hard to see where this is going without a further deal. They are selling off parts of the business but return of capital is a bit of a side show to the need to generate profits from what's left that that isn't clear just now. I agree that the management team has a terrific track record but that was pre pandemic and like a lot of firms have been cutting costs for preservation rather than as a prelude to disposal for profit. I may well be talking gibberish!

Simeon1

Enjoy it while it’s here. If Labour put Burnham in charge the voting public will have an option for the first time in ages.

Hi Seaking

Where do you get the three weeks from? I've been checking the financial calendar and nothing seems to be on the horizon for a while. This is one of those shares which has loads of potential with a dealmaker boss laser-focussed.

The chairman will always vote in favour of resolutions proposed by the board. Appoint him as your proxy and that’s what he will do with your votes.

If they are directors it will mean there is nothing price sensitive in the locker, and the AGM will be a damp squib with no trading update. I personally doubt your speculation is right.

ManU

Scrip shares are free. These are not as they cost the dividend so have a price because they re-invest the dividend by buying shares. If you are not in an ISA this matters because they are used to re-calculate the average purchase price.

Hi Eightyeight88

It’s possible we might get a comment about dividends at the Q1 stage but nothing firm in my opinion. We might have to assess the chances of a half year dividend depending on how the numbers look. I am more interested in how they are getting on with BT Sport.

It has been a mainstay for me too.the only time I ever sold was to be able to go towards a small fortune to give my daughter a deposit to buy her first house. I eventually bought some back and have re-invested dividends ever since.

The loss of the resolution 6 was a big wake up call that they can no longer take long suffering shareholders for granted.

PW have been stuffed by the slip in the share price following yesterday’s RNS. They won’t be thrilled and will want shot of the shares ASAP.

Ocelot said "because the share price fails to reflect the prospects".
Exactly right. Always prospects. Tomorrow never comes.
The fact that Sanderson has never bought any shares is surely all you need to know.

Hi Skwizz.

It is a while since I got out but like everyone else lost a shedload. I like your point about UKOG being dependent on the price of oil- if it had any to sell. I noticed the oil price taking a bit of a hammering just now but given UKOG has no oil it shouldn’t make any difference.

"So where is what you have predicted?"
A prediction is what you think will happen in future. Per the Cambridge Dictionary. I think they will raise money or they won't be able to afford to drill in Turkey or anywhere else, or appeal the planning decision. Good luck to anyone who thinks otherwise.

\tony

Just to point out the royalties and taxes only apply if you get the black stuff out of the ground first. UKOG's track record shouldn't suggest anything other than fund raising or three to pay a big bonus for the CEO.