Member Info for jlovie

Careful what you wish for. Media attention could result in calls for a windfall tax.

Dragons' Den?

£2m & £1m sells this morning, wonder who's exiting.

It's not the MMs that do that.

https://www.proactiveinvestors.co.uk/companies/news/81/idiots-guide-to-the-london-stock-exchanges-setsmm-0379.html

RiverFort's website is rather embarrassing.

https://www.riverfort.com/post/_ukog

It's nice to have bought in early to something where the main problem seems to be what they're going to do with all the money they're making.

The future seems to hinge around BK's majority holding.

Any meaningful placing from him would change that.

He's young for a boss so little change of him retiring or stepping back for the foreseeable future.

I just wonder if there's a price he would consider being bought out for.

Hitting ATL now, how much lower will it go? 300p?

They'll be lucky if they don't become a target for a short attack from the likes of Muddy Waters.

This is the sort of uncertainty and incompetence the big shorters thrive on.

I wonder if he has an acquisition in mind but can't reveal it yet.

I wonder if there will be any mention of progress in moving to NYSE.

"Investors may despair at developments but can take some reassurance that the valuation is now much more robust"

It seems not.

https://www.lse.co.uk/rns/SONG/amendment-to-operative-net-asset-value-kbazogx05i4i2bf.html

This is the best guide I've seen to the reporting of trades.

https://www.proactiveinvestors.co.uk/companies/news/81/idiots-guide-to-the-london-stock-exchanges-setsmm-0379.html

I'm not sure about the accuracy of those reports, they're just an estimate based on midprice.

A lot of the big trades are at mid, so it depends how those are counted. Often has big late reported trades too.

This share always seems to have odd trading, I've never worked out if it's daytraded heavily or if big funds shift in an out (or both).

I'm tempted to topslice every time it gets above 1200p and look to buy back when it drops again, but haven't tried that yet.

"The Company has entered into a loan agreement with the Trustees to fund the subscription of the EBT Shares by the Trustees."

I'd like to know how that loan agreement will show in UKOG's accounts.

Have they said where they got the money to loan to the EBT to buy the shares?

Or will the next fundraise be to pay off the money they borrowed to do it?

That's quite a long list!

How on earth did he think he could get away with that?

I wonder if any PE firms have been looking at it.

"The Company has entered into a loan agreement with the Trustees to fund the subscription of the EBT Shares by the Trustees."

What does that mean? Is UKOG lending money to the EBT to buy the shares at an inflated price?

If so, where is UKOG borrowing the money from?

Looks like £0.0001 is the new target for the price to drop to.