Member Info for JTDOLAN

https://www.youtube.com/watch?v=0t6RESLHetw

Still operating at a loss, however, it's all about the future and UOG is definitely growing. I am holding, not worried at all. It seems to have found nice support at around 2.6p - 2.8p.

They need to start closing some stores, bring in a really decent CEO and really focus their energies on growing their online store. I wouldn't touch at this time.

History rhymes...big rich foreigners paid for London properties 10 years ago, the same is happening now. I don't have a lot in tbf but I am holding for the mid term

I asked quite an experienced investor about broker notes and he said that he ignores them however, (particularly with AIM shares) their narrative can be useful to help one understand the business and of course, the forecasts. Cenkos's forecasts were fairly similar to UOG's results tbf.

All in all, we have to look at what the Company did in the past and do a sense check on whether or not they seem plausible. Brian did say on the call that he has put all of his cash into the company and he has that sense of belief. I am holding for now, the results were okay tbh.

I did take half out a few weeks ago, nothing personal with UOG. Purely because I wanted to get some of my portfolio in cash. Hold for me for the next few years. I advise everyone to look through this green nonsense. Simply research California and how Germany have ramped up their use of fossil fuels. Oil will be king in the mid term. All imho Cheers all!

Upgraded to a price target of 19.1p. I did correspond with the broker and he said that UOG is on a big discount. Of course, most oil companies are trading below NAV, UOG more so. Hold for me

https://twitter.com/croasdale01/status/1310831058972291073

No mate, Uog started production in egypt earlier this year https://www.uogplc.com/united-oil-gas-moves-into-production-with-rockhopper-acquisition/

Back of an envelope look - Positive operating cash flow, how much of that $1.8m is being turned into cash? $632K . Not the best conversion rate. One of the reasons is due to exchange rates and of course repayments of the swap arrangements. That debt level is quite high, however, they do have a repayment schedule in place and the cash seems to cover short term payments comfortably, Not a bad update, but yes - expected better. I look forward to the call later on.

As mentioned on my comment, I reckon people had much higher expectations so it could go down a bit today. It's not a bad update tho, I'm going to take a closer look now. Keep in mind, the company is obviously growing and it has done well taking into account the macro environment.

We must remember that expectations might be quite high for UOG and of course, oil sentiment is low at the moment. Unless the update is a real stinker (I'm sure it won't be) then I am holding for the next few years as it has Mid cap potential. Whilst the charts for oil look ropey, in the long term prices will be back up. Why? Do some research into California and their failure to scale green energy. Green energy will take off, but not for at least another decade (plus many people do not want an electric car). Another point, I am constantly using my eyes and not my ears, look at Germany - the EU are very pro-green - apparently. However, they consistently forget to mention that Germany back in January opened the Juniper’s Datteln-4 coal power station - that's right - it authorised a brand new 1 GW plant to begin belching its fumes in January. Burning lignite - the dirtiest of coals. Likewise with Oil, Looney talks, but remember to use your eyes!

Good question, who is buying the houses in London at the moment? Simple and fair question! Let's go back 10 years and it was a similar situation then. Smart, foreign investors bought bought bought when everyone was bearish on London. History rhymes!

Quality post!

Where's the evidence of PE looking to takeover? Purely speculation at the moment!

I'll see you all in 6 months. I got in nicely under the placing price...it's a turnaround. Get away from the screen and take it easy. There is short term selling pressure and we are having a crap overall week. I think my purchase will come good soon. Patience all

There are many reasons why a director might sell, only one reason they buy! Peter Lynch

the company is a mess, there is no growth in BT at the moment. However, it is very cheap and for long term holders, Bt at a quid could pay off nicely.

I asked Larkers a few days back when the results were. It said seen with no response. I am totally not bitter about this Lmao

Haha no way is this a tree shake, just loads of stops being hit accompanied with panic sellers. I got in just below the placing price (not too much in luckily) and will see what Mr Francis has got to say. It was dire, but not really dire.