Member Info for Carrot13

Pboo I am happy to disclose that Mr. Investment has allegedly picked up a few shares here at just over 5p a share, having not held any UJO shares since 2021 - and will be looking to offload at 10p per share in the not too distant future. That is all that can be reported from his end for now but I look forward to updating you. How do you plan to reduce your UKOG losses?

Hi Pboo, did you fill your boots full of UKOG shares when you were cross ramping the 0.18p open offer all over LSE? I can see their shares getting suspended if Turkey is a trickler.

Wizz air dropped 10% on results morning, by the end of the day it was only 2% down and by the end of the week it was 20% up. Results seem ok to me on the face of it…

Looks like poor results for Jet2, started 20% down, now only 13% - although results don’t actually look that bad so maybe a repeat of what happened here.

Yes out of the £10.5m from Cambay sale how much would shareholders ever see. Assuming half came up front, then the other half a year later. They would go through at least £1.5m in a year, plus probabaly want to keep £5m+ in the company, so you’d have a potential £4m to shareholders if you’re lucky, probably less, and £6.5m in Rolland pocket over the next 5 years. Or £10,000,000 direct to Shareholders. Could be worth an email Gordon, of course they will be limited what they can say anyway, and from what I gather there hadn’t been anything formal. I’m sure they would have to say they havent had any offer and if/when they do it would be communicated to the market? A bit like the placing that wasn’t until it was 🤣.

Depending who the offer is from; £10,000,000 wouldn’t be a bad offer for the company with what’s in the pipeline. They would have the potential £10.5m cash payment within say 2 years (assuming the sale to Selan went through). Plus they would also have the UK CCS and Cambay CCS. Or they would keep the Cambay asset and possibly push Selan a bit harder than Roland has, take less excuses and benefit from a £15,000,000 free carry. Otherwise if it is Selan looking to buy, they would save themselves between £500k to £5,000,000 on current commitments, pick up a couple of CCS for nothing and have a bit more freedom.

Would shareholders take 0.06p a share to walk away for good though? The £10.5m offer for Cambay didn’t go down too well given its less than what the free carry is anyway. But maybe cash today is better than hope tomorrow?

Https://s204.q4cdn.com/980191062/files/doc_downloads/2025/08/20250827-2025_26-Q2-trading-statement_Aide-memoire_vF.pdf

FY26 GUIDANCE:

• Anticipate LFL revenues will be below FY25

• Acquisitions made during FY25 to add c.10% to total sales in FY26

o A full year of Hibbett and Courir, adding just over £1bn of revenue at a c.6.5% margin(1)

• New space impact (net) on total sales of c.4%. Anticipate c.150 new stores, c.100 conversions/relocations,

and c.50 closures (mainly in Eastern Europe) in FY26

• Additional opex in FY26 of £50m+, outside of normal inflationary increases, including: (i) UK labour costs,

and (ii) a higher proportion of technology investments falling into opex as opposed to capex

• Partially offsetting these increases will be:

o Cost savings and efficiencies across our key markets in FY26 of c.£30m

o Integration synergies in the US following the Hibbett acquisition – half-to-two thirds of c.US$25m

annualised savings expected in FY26, weighted to H2

• We expect to be in line with current market expectations(2,3) for FY26 profit before tax and adjusting items

(PBTAI), albeit we continue to assess any potential indirect impacts from US tariffs

• Capex of c.£450m to £500m

• Share buybacks of £200m, including the new £100m programme announced today (on 27 August 2025)

•

PROFIT PHASING H1/H2:

• Historically, we have generated more of our profits in H2, owing to seasonality within the business. In FY26,

H2 is likely to represent c.60% of our PBTAI, including the impact of:

o An expected mark-to-market (non-cash) net charge of c.£14m in H1, mainly related to the revaluation

of open FX hedging contracts as of 2 August 2025

o The expected benefit in H2 from US (Hibbett) synergies starting to come through

•

FX TRANSLATIONAL IMPACT:

• A one US cent move impacts FY PBTAI by c.£3m and a one Euro cent move impacts PBTAI by c.£2m

•

IMPACT OF US TARIFFS:

• FY26 PBTAI guidance, to date, has been given excluding any potential impacts from US tariffs

• US tariffs have the potential to impact our business in three areas:

o Our own brand and licensed products and goods not for resale (stock fixtures, gondolas, etc.).

Represents less than 10% of our US revenue and we have already taken action to diversify our

sourcing, mostly around Egypt. Potential direct impact: less than US$10m (annualised)

o Brand partners. Potential indirect impact being monitored

o Macro impact on the economy and the consumer. Potential indirect impact being monitored

•

GENESIS:

• During H1, we agreed to defer the buyout of the Mersho family’s 20% non-controlling interest in Genesis, the

parent company of our North American business, to two tranches of 10% each in 2029 (FY30) and 2030

(FY31), subject to a £1.5bn cap

•

•

• In our ‘adjusting items’ (i.e., exceptional items), we have a line item called ‘movement in present value of put

& call options’

. This is a non-cash reva

There is no guarantee they will be able to raise the funds but it makes you wonder if someone has been tipped the wink regarding one of these wells. All of a sudden Selan seemed to want it all to themselves and now rumours of a private group looking to acquire (could even be linked with Selan as they would effectively be getting the whole bag for what they are likely to pay anyway and can fund it easier as a company acquisition rather than an asset purchase).

I have seen David sit on an interview with proactive investors and look dead in the camera and say there willl absolutely not be a placing and then raised money a month later via a placing. But I do think there is value here at 5p for people who are willing to play the game.

I have bought back some (but not all) of my 98p sale at 94p, will add again at 92 and 90 if they come but suspect with the imminent buyback and H1 update on 24/9 opportunities might be limited.

Heid what you have to remember with this is they don’t need oil, gas, or a product, what they really need is a story… a dream, a rainbow, for people to put money into, so that the price goes up, so that the company can then raise more funds for more stories. Is this a good buy at 5p after a 5p placing with 8p warrants… probably. Sit and wait for the next story, from Bramanory, and don’t get caught holding the bag. When they need more cash, they will likely look to pump the is up to 10-12p so that the warrants can be forward sold and then cashed in. I’d take a bag from 5p and get out, I understand Mr. investment did well from such a strategy.

From what I understand, someone/group/company are trying to raise £10,000,000 so that they can make an offer to buy the company/all the shares and take it private.

I am hearing rumours of a possible all share offer being put forward for SYN at 0.06p. Source is normally quite reliable when it comes to city equity raises and from what I gather a private equity firm is looking to raise approximately £10,000,000 off market with the intention of making an all share offer. Don’t say I always come with bad news.

I reckon my buy order at 0.0016p is looking quite promising.

A 30p offer when the share price is 18p is very generous.

Mike I appreciate it be really tiring having to listen to people who have called the low potential offer and the terms of the the actual offer correctly and when the offer was made ahead of time when you’ve got stories of £2 offers, offers not going to be made, multiple bidders, 50p+ on reinstatement etc to listen to instead but I’m not sure you can really call us ‘deramping idiots’ when the stuff I’ve said has actually happened and the stuff that the ‘smart investors’ are saying couldn’t have been further from reality when it’s come.

You sound like icecool, there is a difference between expecting and hoping. This won’t trade again, once accounts are published they will simply apply to keep it suspended during offer period and FCA investigation.

This won’t trade again, they will use the fulfilment of the offer conditions (publication of accounts) and subsequent vote to keep this in suspension, push the vote through, and that will be the end of things.

As I said before this is all but a done deal now at 30p. The way it’s been orchestrated, as soon as accounts are published then all conditions will have been met for the offer to take effect, so it will remain suspended due to offer/voting period and forced through quickly as everyone who needs to be in agreement with this already is (board, creditors, IIs). There won’t be time for rival bidders etc. they don’t even want rival bidders, they want it done, and it is.

Ice I am sorry but every RNS so far has made your theories about what will happen here look less and less likely and they weren’t very credible to begin with. This is as good as done, basically everyone is in total agreement on this deal and unless the new set of accounts show a significant issue it will be pushed through (same source).