The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
22-Feb-24 09:47:27 0.007 1,000,000 Buy* 0.007 0.007 73.50 O
22-Feb-24 09:46:02 0.007 500,000 Buy* 0.007 0.007 36.75 O
22-Feb-24 09:44:08 0.007 1,000,000 Buy* 0.007 0.007 73.50 O
22-Feb-24 09:41:57 0.007 6,721,304 Buy* 0.007 0.007 494.02 O
22-Feb-24 09:36:41 0.007 600,000 Buy* 0.007 0.007 44.10 O
22-Feb-24 09:35:32 0.007 600,000 Buy* 0.007 0.007 44.40 O
22-Feb-24 09:35:29 0.007 1,540,540 Buy* 0.007 0.007 114.00 O
22-Feb-24 09:35:18 0.007 81,216 Buy* 0.007 0.007 6.01 O
22-Feb-24 09:34:59 0.007 600,000 Buy* 0.007 0.007 44.40 O
22-Feb-24 09:31:27 0.007 28,000,000 Sell* 0.007 0.007 2,016 O
22-Feb-24 09:28:30 0.007 1,030,138 Sell* 0.007 0.007 74.17 O
0.007 it is/was.
Ocelot
And what good is that going to do? I guess you will hail it as a "Mary". I'm not sure at this SP if we will be ably to cover the outstanding £0.66 million but I'm sure Penguins will have a good idea.
Penguins
Looks like Petform have locked down the Annual Scout reports for PI's to access.
Ocelot
Why not publish what the company actually says?
"The Company also has access to a $20 million financing facility, signed in May 2021, which remains undrawn."
Having a facility and being able to use it are two completely different things.
Penguins
I have absolutely no faith in what is reported by the company. Having caught them out so many times now on the basics I wonder what else they have hidden. Having been a loss adjuster nothing surprises me.
Https://find-and-update.company-information.service.gov.uk/company/05299925/filing-history
What UKOG have filed;
09 Feb 2024 Confirmation statement made on 30 November 2023 with no updates
08 Feb 2024 Statement of capital following an allotment of shares on 8 November 2023
GBP 13,965,939.89789
What UKOG have not filed is shares for:
16 January 2024 24,908,513,710
18 January 2024 28,658,513,710
29 January 2024 29,534,926,104
"UK Oil & Gas – as we await share consolidation what price the next bailout placing? And where does this leave Dave Lenigas and Pennpetro?
I write as UK Oil & Gas (UKOG) holds aa GM to approve a share consolidation. Like so many penny dreadfuls its shares have collapsed below par value of just 0.01p and it must therefore undertake a capital reorganization slashing par to just 0.0001p to allow it to issue even more worthless confetti. And boy does it need to issue shares.
BREAKING: UK Oil & Gas, Oh Dear, Oh Dear – the shareholders are revolting, 0p here we come!
Earlier today I pondered at what price UK Oil & Gas (UKOG) could get away the bailout placing it needs as it is running on vapours as its shareholders voted on a share consolidation. But, as Mike Walters would have said as another of his share tips (did he tip this POS, it is right up his street?) went t**s up, oh dear, oh dear."
UK Oil & Gas PLC (London AIM: UKOG) announces that as a result of shareholders' questions, it is in the process of taking further advice in relation to the capital reorganisation and the associated resolutions proposed at today's General Meeting. Consequently, it decided to adjourn the meeting for the time being. Further announcements detailing a new date, time and revised voting instructions in relation to the adjourned meeting will follow in due course.