Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
KarlovyVary, It seems like you've read up on this more than I have, so apologies if I've missed something obvious. UKOG have raised £4.2m with the placing today. They are paying Riverfort / YA off with £1.925m of that £4.2m so that leaves £2.275m.
Will part of that £2.275m not be used to pay for some of the equipment from PW Well Test Ltd? i.e. it was paid for using shares, but those shares were part of this placing.
Interested to hear your views, I may have missed where the other money was being spent, thanks.
Thanks for the confirmation folks.
Yeah, I am invested for a pretty small amount so I'm happy to take on the risk of things not going as I hope.
I was just thinking if I had £2,000,000 invested and had the chance of taking 17.5% over night I'd take it. Although I suppose institutional investors would probably see that £2,000,000 as a small amount.
Two, potentially silly, questions about the placing.
1. Is the investor getting £2mill worth of shares at 0.85p?
2. In which case, is there anything stopping them from selling them all back for ~1p? Get an immediate profit and avoid gambling on flow test results?
Wasn't sure if they'd maybe have their selling rate limited in a similar way to YA.
I don't know the answer but I think it would be because they would just want to make a certain return, as soon as they can sell at that price they do it. They aren't here to gamble on the share price potentially going to 1.5p or 2p or something like a lot of the private investors here.
Hi all,
I'm wondering if anyone knows of a chart website which has the option to see market cap over time for UKOG. I could go into all of the previous RNSs and track the number of shares in issue over time manually but if it is done automatically anywhere it would be a useful tool to see.
I've seen it on ycharts.com for other shares, but UKOG is not one of the shares supported on that site.
I just think with the amount of dilution here it would be more useful to see the market value of the company over time as opposed to the share price, since one of the goal posts keeps changing. The long term chart of UK oil and gas suggests the bottom is roughly a flat straight line which hovers between about 0.5-1.5p but the number of shares in issue have changed quite a lot over that timeframe. If the number of shares stayed the same the share price would have been going up over time rather than staying flat. I'm not saying that means anything for the share price going forwards. I just want to know if there's a tool out there which tracks market cap over time automatically.
Thanks in advance
James
"If the average trade price for sheep goes down it is bad for farmers. If it goes up it's good for farmers."
Well, the analogy sort of falls down here because the person selling is a farmer and the person buying is a farmer. So the price of sheep going up doesn't actually benefit all farmers like the analogy says.
It is a good reminder that the price of shares going up doesn't benefit everyone though.
I'm wondering whether people are trying to take advantage of the oil price spike by moving their money from sirius into something which will be more affected by it. i.e. Lots of oil companies prices have gone up today, so something has to go down and many private investors have their "risky" portion of their portfolip tied up in sirius
wwguk, are you sure the % change (-0.29) is not just the change in jupiter's holding, i.e. circa 890, 000 shares, or 0.29% of 307,000,000. Rather than 0.29% of shares in issue. I don't know myself, that's just how it reads on that website to me.
Another RNS from October 2016 with a new york wheel construction update also states "representing ~2% interest".
Back to a happier time when we did at least get one or two positive updates from the company every now and again. Mixed in with all the unfortunate project delays caused by the developers of course.
"Challenger now has a firm investment of US$3 million in the equity of NYWI, representing an interest of approximately 2% in the US$590 million NYW Project"
This was stated in an RNS back in 2016 when we received $1m back from the new york wheel, because they had accumulated enough financing to not need our extra million. Funny how things change.
The point I was worried about was the "2% interest" and that it appears to relate to when the project was up to $590million already. Does that mean we paid 3 million for a 2% share because we got in early? I've noticed the more recent RNSs just say "$3million equity stake" with no percentage provided. As further financing is clearly required I'm exoecting dilution of our equity stake like everyone else. It's just not 100% clear what our current undiluted stake is, due to that potentially misleading RNS from 2016. All comments welcomed :).
The short answer would be, challenger has a 2% equity stake in the new york wheel and if it doesnt go ahead challenger is going to struggle to survive.
Tabither, If you're considering putting money into this share you need to do your own research. The long term holders here would offer help with minor questions but that question suggests you currently know nothing about the share and there would be far too much to explain.
That is a useful way to look at the figures. Obviously need to add the revenue from the small section of stores attributed to the project and the parking garage but mainly the revenue will come from popularity of the wheel. If you use the london eye as a go by, they get about 3.5 million passengers per year (as of 2015). However it is a smaller wheel and not as new, but the london eye is also in a much better location for foot traffic. So difficult to compare. The even more difficult thing to tell is how much Challenger will see as a result. Will it be 2% of all the returns, i.e. 11.6 million if they made the 580 million back or just the projected profits? My business knowledge isn't the best so would welcome others input on this last point.
Only question I can answer is the easy one, there's 28 days left of the 120 day deadline. Think it was declared on the 16th of May. Not sure what happens if they don't manage to restart after the deadline is reached but probably won't hear anything about NYW until the last week anyway. Why would they announce anything early if they have the 120 days to use up.
Brainer, I hope the share price makes it to 10p, as I'm still holding. However, that would mean a market cap of £22million at the current number of shares in issue. The market cap for this company has never been anywhere near that. When it was up at 30p a share and everything looked rosy and new the number of shares in issue was only abou120, 000. Meaning the market cap was still only £3.6million. That was before a lot of dilution and many (mostly unavoidable) issues with challengers investments. I feel like theres definitely potential for the 0.5p price you mentioned but it's going to take a ridiculous turn around to see anywhere near 10p, nevermind 100p.
If you are referring to the deadline of 120 days set out in court on 16th of May, there's actually 64 days left. If you were referring to something else then fair enough.
The company issued an RNS about this Giant Observation Wheel on the 18th of January 2018 and everyone was upset that there was no other source for the information. Now another source mentions the wheel and all of a sudden Challenger are leaving investors in the dark? Seems a bit like people choose their own story a bit
Seems to show how many tickets have been sold aswell, seats are blacked out on the seating plan. It shows how desperate we are for news that I'm actually pleased to see that.
http://www.star-sanctum.com An upgrade on star-sanctum.net, click on the box. Still doesn't give a stars list yet but allows you to book it seems.