Member Info for IAmNotSpartacus

* high net worth

Volume’s been there and my first instinct was that it was a worked sell by one of the minnows. But I don’t recall the price being high enough, at sufficient volume, to support the trade price. That’s why it feels like the price was held down for a high net work investor to take a position.

@will I don’t think you’d be much good at poker. It’s so obvious when you’ve bought in or sold out!

My (very) rough analysis is that they’ve been shifting around 1m per day when they can get >7.5p. So about 25mil left

Nonsense. Companies can get onto the main market (which extends further than the FTSE250) with a significantly lower MCAP than UKOG have now.

copied from an earlier poster...so I don't think so somehow!

01 Oct 2018.....30,012,061 (7.86%)
27 Sep 2018.....35,637,167 (9.34%)
20 Aug 2018.....43,339,115 (11.35%)
08 Aug 2018.....56,304,348 (14.75%)
08 Aug 2018.....56,304,348 issued at 4.6p/share to raise £2,590,000 for ANGS

toughiv - then apply P/E value of around x15 for MCAP!

If it's any consolation ANGS also got done over by the MM's on their news. Sooner ANGS and UKOG merge and get onto the main market the better!

good research as always sub! Any idea what it means though!?

SOLO need cash and their placement valuation was @ 1.92 so I suspect they'll look to cash in what they need around or above that price, until the flow news arrives when they may wish to hold for longer for a better return. IMHO

There's another 5mil tranche offloaded

Haven't looked at each company's allocation closely but I suspect a TR1 would've been issued by now if they were holding. At least it's giving a good entry price, and the selling will soon finish.

Usually means there's a large sell being worked in the background, like the last few days, which will pop up later

Not convinced it was a Buy, as it's another large trade where the price is a bit out of kilter with the prevailing SP for that size of trade. I suspect that was another worked sell to exit the smaller players, as per the last two totalling 10.2m shares. Hopefully, once they have exited the SP will be flowing upwards as fast as the kimmeridge!

The point your missing Jollifant is that people were buying well below the price those trades were printed at. So why would the MM's pay higher than people were buying at through nearly all the day! Usually with large trades they are at a discount or premium depending on whether they are sold or bought. Doh!

The buy price has been below 2p since 9am this morning!

many people saying the same thing

who's actually selling at these levels and making money (other than Bergen)? And if you're not Bergen, why would you sell at a loss? Are MM's naked shorting this?

Still can't believe that people have invested their hard-earned without knowing the difference between SP and MCAP

errrrmmm UKOG are actually 3 times higher in terms of valuation.....<shakes head>