Member Info for DaveT1

I reckon it's just our broker SP Angel.. they did take on 13m shares the other year.

Yes, the 'subject' was 'Pboo' so not surprised to see it deleted.

My thinking is that UJO will continue to buy-back shares and hold them at least until they have matched the slightly controversial placing back in September 2021. At that point if we haven't identified a good use for them (acquisition or similar) I would expect we would consider cancelling them. In the meantime they are out of any voting or dividend calculations which is good enough for me. It's not really vast sums of money that would make a difference to whether or not we get involved in other creative initiatives.

Pboo, do your own research.

AGM later this month so all shareholders have the option to vote for or against giving the board permissions for further share buy-backs.

I don't mind the buy-backs, it's one of the few perfectly safe ways of trying to create better value for shareholders. Keeping them in Treasury for the time being is also perfectly sensible.

Why are you wondering? Are you heavily invested here?

Can't really tell what the SP will do while we wait for the results in July with hopefully some news that the Appreciate acquisition has gone as expected. If the dividends remain in place (and no reason why they shouldn't), I expect the SP will jump quite a bit.

Stop whining Pboo, it's boring and nobody's listening or cares. Do you know how pathetic you sound?

yup, we know the results for last year were bad due to the change of distributor and supply ****-up.. just hope don can cast a ray of sunshine on progress since then.. we could do with some detail and a bit of positivity on the new export markets and the ardgowan development.

No reason why you can't invest in both although UJO does have double the cash, makes more profit, pays dividends and is buying back shares.

Very easy to setup a Sipp, right next to your Isa if you want.

Maybe settle for that if UJO distributed the £10m cash to shareholders before any sale. Otherwise milnrowmug is much closer to the mark with 3x current.

Cynderlad you blind fool.. every time Wressle has been appraised the reserves go up.. there's so much more resource there that anyone might have guessed.

Agree great results.

But to help the SP I think we need to go one step further with the dividend policy to give some certainty regarding returns to shareholders. Keep the 'after this and after that' stuff but then state that 50% of what's left will be returned to shareholders by way of regular dividend payments - 1/3 interim with the half-year and 2/3 final with the final accounts or maybe even a quarterly divi which would put UJO on a few more radars and stop us having to guess when and how much the next dividend might be.

Good sign and appreciated.

Very happy with production at Wressle - although February down on January both months more than double what we saw before Christmas and still producing nearly double last year's monthly average.
So an even better outlook coming later this month to go with the record revenue and record profits.

Not many stocks or companies around with annual accounts due that are guaranteed to show
Record revenue
Record profit
And an improved /increased outlook for the next period.

Alternate fact of the day...
Exchange rate better for UJO today than this time last year.

This is where more regulation is needed on market makers. They are happy enough to make shed-loads on big spreads but they won't meet their liquidity obligations on a day like today.

Yes, a strategic investment in the form of a convertible loan.. and hopefully Ardgowan can help steer Don to his dream of a premium brand.

Well let's hope the positive indications in the update come through... and don't forget we loaned £3m in cash to Ardgowan which covers the current market cap. Still can't believe they made such a mess in changing distributor.

As expected and good to see revenue re-growing.
More cash in hand than I anticipated and very positive about the immediate future.
Haven't yet decided if that makes this share price a bargain.