The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I defy anyone here to tell me what the first sentence of the great tweet actually means. It is certainly not written in English! Utter disingenuous crap. We obviously still have to provide quite a lot of info to the authorities and this could and should havE been done ages ago. Mark my words there will be no oil until mid January 2019 at the earliest. Disgraceful.
Fine rxdav. If you are happy to be misled by a company that you are invested in, good luck. Since you are so clever maybe you can tell us all whether Angus have fulfilled all the conditions in the permit and can start the procedure to get the oil out right away. You may agree that this is rather important to many. The company are a bunch of bumbling fools. Look at the history of problems with various authorities in the past and that’s leaving aside Tidswell’s follies for which we have yet to get a proper answer although it was promised a long time ago now. This company are not being straight with its investors. Pure and simple.
Sorry. What exactly does this tweet mean. Everybody wants it to mean that everything is ok but does it? To me, it really doesn’t, make sense and certainly didn’t make it clear that they can proceed now. It muddies the waters doesn’t clarify at all.
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You couldn’t make up the extent of the incompetence of this Company. It is clear that we will be delayed for well over a month now and the shooters and other sellers will now be all over this in the meantime. I bought in the thirties last year and have averaged down. Think I”ll have a bit to wait yet for a profit. What yarn will Vonk spin to us now. He better say something or this will be a bloodbath.
The perennial jam tomorrow stock. 52 week low is just incredible. Being patient, as many have here, simply does not work. This is a farce. I have come to the view that SDX is not all that it seems. Very odd price action for over a year. I sold up a few months ago and bought back in when came back to market. What a good decision that was!
This is undoubtedly the biggest disaster of a company that I have ever had the misfortune of being invested in. I wish to god I never heard of it.
This is now officially ridiculous. All the predictions of a rising price into FOIL are shown to be nonsense. Anyone any idea what will cause this bleeding to stop?
What can you possibly say about this utterly shambolic shower. Since the IPO this has been a total disaster. One disaster to the next. Thought it would change when new head honcho appeared but no, still the same shambles. All we need now is that fat pr—-k Sefton to come on and try to talk it up. He would be better off getting his sinuses seen to. I’m sick of trying to decipher his nasal mumblings!
Am I wrong in thinking that this was not Paul’s most dynamic presentation? Very lethargic and downbeat as far as I could see. Certainly nothing here to give the shareprice a boost. Nothing ever does here.
No one wants to touch on the biggest question of all. It might be thought that UKOG’s RNS explicitly avoids the issue. As far as we know from the carefully crafted RNS the well could have been dribbling a few barrels worth at the end of the test. As long as this information is withheld there will be concerns about the long term viability of the Weald. Everyone on here just seems to be avoiding this - the biggest issue.
Very disappointed in your response to my sincere concern, Alan. As I said I am very grateful for all the advice and knowledge that you dispense on this Board. Your attitude to my query is I am afraid pretty poor. Have I hit an area of concern that you,too, have? Genuinely I ask your view about the oft repeated claims that their will be very quick and radical depletion in the flow rates recoverable in the Weald. If you don’t want to respond we”ll just call a halt here. Regards.
Many thanks Alan for your very informative posts this morning. I am of the view that the disastrous market response to UKOG’s RNS is simply due to the fact that they did not make it clear what the final flow rates were. They gave an average figure which is not helpful. At the end of the test it could have been a dribble for all we know. Obviously there is still a concern about depletion rates there and in the Weald generally. I would be very interested in your views on this matter which is troubling me more than any other.
Ridiculous shenanigans going on here. I know that the buys/sells can’t totally be relied on but 31 million were apparently bought since 2.30pm and less than 2 million sold. That was after the price was artificially dropped with a few million sells ( by the market makers). It has not felt right for a few months here and today just settles it. It felt like a turning point to me. Hopefully some big boys in on the cheap, news from Zim and we are finally off to the races.
Been invested here for well over a year and have not been in the slightest worried about my stake during that time. That is until now. This drop is very concerning and seemingly has no floor. Good news just does not work here and every bit that we have had has simply been absorbed and let to a share price fall. We are told that the next earth shattering news will be the one. It comes and goes and we still fall. I am over exposed here and know that I shouldn’t sell at the bottom but god knows when the bottom will come here and I am tempted now to sell a chunk before I lose even more. Depressing!