Member Info for itsawrap

sp 24th Feb. 21.5p - sp 22nd July 21.0p

Lenin, why didnt the sp follow the fundamentals during this period?

(I'll give you a clue, there's more to a company's share price performance than just fundamentals)

Hello kingalfred, we are all just expressing opinions, the difference between most of us and heid, is that most of us express balanced and researched opinions wereas heid has little to offer other than her endless ramps. As I said earlier, when someone posts 1000's of times saying £1 by Christmas - and others perpetuate the arguably unsubstantiated target of an mcap of £112m - some new investors will get sucked in by her hype.

mf2017, I'm flattered that you think anyone would make an investment decision based on my posts :)

I assume you're "hiding behind their keyboard anonymity" too, or are you really King Alfred?

with regard to heid, I suspect her incessant ramping has resulted in many new investors losing a lot of money today

not sure about a pound short-term but we do have the WN CPR, the dividend/buyback announcement, the $10m Wressle milestone & the Bisc appeal result all likely due in the next 4 weeks or so

unfortunately when you tell people 18'000 times that £1 is just around the corner, many new investors will believe UJO is a one-way bet

bigbench, certain characters have ramped the arse off the upcoming news (including the Wressle report), constant repetition of unrealistic short-term valuations have fooled many investors into believing UJO is a one-way bet, it's a trading share, no more, no less. They ramped the hell out of the upcoming Wressle report so countless people believed it would be awesome, in reality it's good but not great, when the expectation is greater than the delivery the sp will pull back - all in my opinion of course

pedro it's worthwhile keeping an eye on the "anti" T/P website
hTTps://www.protectthackerpass.org/day-600-protect-thacker-pass-campaign-update/

this a fantastic deal for EOG but why lend them a £1m when we could have squeezed them for 5% of Wressle - which at current poo & FX "would repay itself within a year". And why only 11% when we lent Egdon a £1m at 11% when the base rate was close to zero, why not a full commercial rate? Feels like mates rates to me - not impressed.

bloody hell GP, I think you're right! (1.25p per half share) that's a huge potential profit!!!
" In addition each Subscription Share was granted a right to subscribe for 0.5 of a new Ordinary Share at a price of 2.5 pence per share, "

tac, as I understand it, UJO has the right to "subscribe" to buy 4m shares at 5p each which is theoretically a paper profit of over £1.5m today (feel free to check my figures)

The Company is the beneficial owner of 13,000,000 (2020: 5,000,000) ordinary shares in Egdon Resources plc (“Egdon”),
a company registered in England and Wales, which represents a 2.52% (2020: 1.52%) interest in that company at year end.
Payment for the 8,000,000 new shares acquired was by means of a subscription at a price of 1.25 pence per Subscription
Share, for total consideration of £100,000. In addition each Subscription Share was granted a right to subscribe for 0.5
of a new Ordinary Share at a price of 2.5 pence per share, exercisable at any time until the date of the second anniversary
of their issue. The principal activity of Egdon is the production and exploration of hydrocarbons onshore UK.
The investment in Egdon was revalued at the year end to the value of £188,500 (1.45 pence per share)

good news - UJO's 13m EDR shares are now worth just over £1m more than they were as at 31.12.21

PM's energy statement about 11:30am according to Sky

HIGHLIGHTS

· Maiden profit of £2,034,086 for the six-month period ended 30 June 2022

· Revenue of £4,384,254 for the six-month period ended 30 June 2022

· Cash balances, receivables and liquid investments stand at approximately £10,500,000 as at 6 September 2022

· Company remains debt free

· Approvals for the Wressle Field Development Plan and licences for the production phase through to 2039 received from the North Sea Transition Authority ("NSTA")

· Wressle currently amongst the most productive conventional producing UK onshore oilfields and poised to become second ranked only to the prolific Wytch Farm

· To date, our flagship project at Wressle has produced over 225,000 barrels of high-quality oil (gross) with zero water cut

· GaffneyCline Reserves and Resource Report, Illustrative Production Profile and Upside Potential of the Wressle Field are expected be published during September 2022

· Planning granted at West Newton for both A and B site works and three-year permit extension

· Joint Venture partners progressing with a conceptual development plan for West Newton, predominantly as a major gas producer

· First horizontal appraisal well at West Newton planned for 2023

· Completion of Competent Person's Report, compiled by RPS Group covering West Newton and other significant prospects within PEDL183 expected by end of Q3 2022

· In March 2022, a cash payment of £2,083,333 was made to Calmar LP in respect of the early settlement of the deferred consideration for the past purchases of an additional 25% of interest in PEDL180 and PEDL182 containing the Wressle development, bringing the Company's economic interest to 40%

· In August 2022, the High Court approved a Capital Reduction creating additional distributable reserves to the value of £21,553,557, providing the Company with flexibility to deliver future shareholder returns in the form of dividends and/or share buybacks

https://www.**********.co.uk/articles/trader-s-cafe-with-zak-mir-bulletin-board-heroes-september-6-2a11777

UJO discussed from 08:30

I think the new government needs to reduce vat for pubs & restaurants sales to 5% immediately otherwise energy bills will have a catastrophic effect with countless closures & mass redundancies. It's better to have 5% of something meaningful than 20% of very little, plus of course employees pay NI & income tax to the gov. whereas the unemployed are a drain on gov. cash.

heid, here's a challenge for you.

As you claim to be so well researched, let's both make a guesstimate for the H1 maiden profit.

I think profit for H1 could be about £1m-£1.2m, possibly £1.4m-£1.6m if they reval the EDR shares.

Hopefully my guesstimate is on the low side, we shall see.

heid, are you a member of mensa or densa? the sp has been performing well since SC came on board, plus Interims disclosing a maiden profit are imminent, plus WN CPR due this month, plus an arguably overdue Wressle report, plus the Bisc appeal 11.10.22, and last but not least, Court Permission to declare a dividend and/or a buyback has been granted. Several of us have been trumpeting these catalysts for weeks, including you!

I know we are all excited at the possibility of a buyback but imo a buyback will NOT begin until an RNS is issued by UJO. I think it's likely we will have details of the dividend and/or buyback in the Interims on Monday or just after, followed by the RNS announcing the start of the buyback - probably the day after.

It's worth viewing Lloyd's RNS to get a flavour of how it's done. (Lloyd's issues a daily RNS disclosing details of that day's buybacks, I expect to see the same from UJO.)
https://www.lse.co.uk/rns/LLOY/share-buyback-programme-commences-bw9g5j15cvpgrma.html

The parameters of the buyback are set out in the 2021 accounts, page 74, Resolution 7.

UJO has 13m EDR shares valued at 1.45p as at 31.12.21, currently worth £1,040,000, a 2022 profit of £851k... nice!

tac, perhaps heid left him tied up in a wardrobe in her villa in the Maldives :)