The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Jabez, The current positivity - at least from me - is simply that they have drilled a well, they say it has oil and that it is being recovered to the surface. By my book that is better than the alternative outcome.
Of course none of us knows the flow rate - but unless they telling outright lies - it is commercial. Many small oil companies never get that lucky and disappear along with your investment.
Getting a return also depends on where in the cycle you invest and importantly get out - for instance I posted on here when I added just before the spud and again just after at a price of 14.8p - those have produced a return of 70%. And no I am NOT a gifted investor I freely admit is was a punt - and yes my buys before then are still in the red so you wins some and you loses some. My point was that continually whinging does not make the drill bit connect with oil nor does it influence the board.
I appreciate your view is a personal one and you would like a return sooner than later - and I do sincerely hope that we both get one.
Jabez - it was saying stop moaning - but to one individual who doesn't seem to understand that share prices move in both directions, that there are no 'certs' or that dividends are only one way a company deploys its money. Yes, we are here to get a return on our investment and that can be through capital growth or by dividend or by both - but always by exercising our own judgement when to buy, hold or sell and move on. If someone is so disgruntled as to write 300 posts a month - every month - on this board alone, all with essentially the same message - then all I can say is do yourself and everybody else a favour and move on or get help.
On the brighter side I agree with you 100%, it IS a great RNS. Oil has already been sold, infrastructure to monetise gas and planning begun for a second well prompted by the results from this one. I have bought, held and bought yet more. I will sell, when I think its the right time and that may not be at the top having no crystal ball.
However, acquisition I feel is a bit of wishful thinking.....but as already admitted, no crystal ball.
Good luck.
If people are obsessed with an income from dividend - buy a quarterly dividend payer, there are plenty out there - Shell, BP or ENOG for example. But don't bleat on about a penny share not paying out when share price growth is as important to many who have bought UJO.
If you know who's much quoted family have entrusted their money to her - then either they are also half-wits or need at least to recognise one.
Soem of us at least twice
It's all about IF
Drill operation was a success so one lot of good news is out - you're buying too late.
Next news due is flow rate -
IF it's not going to be commercial then wait - you'll soon be buying cheaper.
IF it's going to be a money maker you should buy now.
IF you can see into the future then you don't need opinions.
IF you can't you decide if its worth a punt or not, take a different punt and toss a coin.
IF I thought it MIGHT be a good investment I'd have added twice recently - which I did.
If you read too much opinion from some of the loons on here you'll choose another stock.
Let's hope its a good one. As usual on lse some Buys are going through as Sells jusdging by my small add at 10:38.
MMH - I dont see this as promising completion of testing within 14 days but starting it.
'The Dan D2 drilling rig has now been demobilised and completion and production testing of the Andrews 1-17 well is scheduled to commence within the next 14 days.'
Every time someone acknowledges that she exists or responds to her rubish only encourages more of the same. Most try to ignore - which is why she posts mainly to herself. Attention seeker with a real problem - its not even a case of discussion or opinion just constant drivel we should be grounds for being banned.
Not new, just not given to posting drivel on here from early morning until late evening like some already mentioned. Prices may go up one day and crash the next - apparently this is may come as a revelation to some.
I did say I added recently and if you have done the same congratulations...when you sell. Deciding that is I find harder than deciding when to buy. Naturally I hope the price rise continues and the drill is a success - I just don't intend to bleat about it either way it goes.
Christine T - Your posts are a breath of fresh air after the stale repetitive and peurile nonesense that appears here too often.
I agree there is momentum and I do think this is a bold new step. Like you I'm really hopeful that it will be a step change in UJO operations and create a new income steam. My investment is a modest one, I've been in a fair amount of time and am underwater but have added last week and again today making 62,000 because I think its a chance worth taking, however experience has taught me the expensive lesson that for ALL oiles, AIM or stocks or majors, any drill is a bit of a punt. So if people on here who feel they've been seen off, swindled, tricked or otherwise defrauded out of their money took their case to the police and those who simply made an investment at the wrong price and at the wrong time and now regret it sold up and moved on, I think the they and this discussion board would be a better place.
Mary, I'm sure that's a fool proof strategy . You omitted though CUR, SFOR, SDRY, 888, CBG,MCG, PRU, VANq ITV, PFC....which you mention in your 700 plus posts this month. If they are all doing well then bully for you but the reality is no-one gets it right all the time. But if you have the secret, good luck to you but in this case I'll join the sceptics.
Mr P - it looks like our posts crossed. I haven't seen the presentation but the analysts are perfectly correct to be sceptical - as I said and now you - Jam tomorrow is fine as long as it does come, so far it hasn't.
Hopeless management. Another year of restructuring expenses with £10m of savings to come from Investment Services, which where the headcount increased by 100 last year - so create the overspend in order to cut it and look like you've invented the wheel. The question really is why has that not been done already? Any well managed business would continually keep costs strictly under control. The report is littered with examples of where they made provision for costs they underestimated and settlements that they anticpated but didn't happen.
Debt has almost doubled! Yet more asset sales to buy time for another year of failure but still 5 million more shares added to the share count....wonder who picked those up.
Its all another jam tomorrow promise - but what happened to yesterdays 'jam tomorrow' - because that's now today!!
How's it go...add and trim? Do me a favour.
Thanks I found the answer on re -reading I had missed this bit on how pi's can change their vote...
'To the extent that their Shanta Shares are held through a retail trading platform, or similar, or through another nominee arrangement, Shanta Shareholders are encouraged to contact such retail trading platform or nominee, in order to submit or change their voting instructions, should they wish to do so.'
Well good luck with that one.
Somebody on here said that they were a bunch of comedians - err not with this timing.