The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Got in on the open offer and sold half at 21p at over 1000% as posting history shows. Who's the Wally again? Oh I guess you missed the part about having half a mill in Scottish mortgage fund for the last 7 year bull run too, also in post history. How convenient .
No thought not, your only retort are generic troll lines. Denial and confirmation bias. Understandable human behavioir when you have money on the line but no less forgiveable. And you will reserve your losses for being blind to contrary (correct views) to happy clapping.
Black box The first issue is the company’s valuation. Placing a value on undeveloped oil assets is notoriously tricky. Even though these assets may eventually produce oil, in reality they’re only worth as much as other parties are willing to pay for them. UKOG’s Horse Hill-1 well was tested at 1,688 barrels per day (bbl/d), the highest initial production rate of any UK onshore discovery well, but other company assets have struggled to produce a similar positive result. Despite spending months (and a small fortune) trying to get oil from Broadford Bridge’s six Kimmeridge horizons, there’s been no sign of black gold in this region. With so much uncertainty hanging over the company and its prospects, it’s almost impossible to try and value the business and its current state, which means it’s difficult to tell if the current price is attractive. Money, money, money The second issue to consider is UKOG’s funding. The company is generating virtually no revenue and, therefore, almost no cash to fund development costs. The majority of development work and acquisitions have been funded by the issue of new shares. The latest deal involves the issuance of nearly 250m new shares to increase UKOG’s stake in Horse Hill Developments Ltd. Tapping investors to keep the lights on is nothing new — it’s an easy way to access cheap financing. However, this method of fundraising also has a dark side.
Dilution
Over the past five years, UKOG’s number of shares outstanding has increased from 83m to somewhere in the region of 4bn, according to my figures. By issuing shares, the company has been able to remain afloat, although it has diluted existing shareholders.
Put simply, by issuing so many new shares, UKOG has been able to transfer tens of millions of pounds in wealth from shareholders’ pockets to itself. The dilution means each shareholder is likely to get back significantly less than they’ve invested, even if the company does strike black gold.
Sorry I haven't been watching lately. Not surprised it's still making gains as I said it's a very well managed fund.
Bloomberg is almost unanimous that market will have corrected but Q3/4 next year. But that's a good thing because then we can all get on with investing for the next 7/8 years.
Personally I wouldn't like to risk a 30% plus drop as I would lose 6 figures, so if I lose out on another 10% to the upside I am ok with that. And happy to see others make those gains as long as it's in line with their personal risk portfolio.
To answer your question in the mean time, i will buy a few treats buy a new house (non investment) and hold the rest in cash ready to go when the time is right.
Best of luck to all.
Just provide a buying opportunity if don't come in. EMS-1001 well, located in the Fraccíon C licence operated by Compan~i´a General de Combustibles S.A. ("CGC"), reached a total depth of 2460m in the Upper Jurassic Tobifera formation across which significant gas and hydrocarbon shows were recorded. Preliminary wireline log evaluation has now been completed, and a very significant hydrocarbon column has been interpreted between 1722m and 2220m in the Tobifera Formation. If hydrocarbon saturations across this section are confirmed, the preliminary evaluation might represent an interval of some 500m which could significantly open up the play for the area. ^^^ that is what matters
On this share at the current Mcap. Past performance of Vin can't guarantee returns but I can certainly provide a very good chance based on history. At the end of the day why wouldn't I would be surprised if this WASNT a repeat of what has been achieved with prior companies. Not if it was.
Your right mushroomkid, but wrong in the fact that they make money. Look at the top riser chat every day on AIM it's the same names just jumping on any stock that's rising that day and hoping the rise continues after there entry point. That's not investing, it's speculating and pure gambling. The odds are then not weighted in their favour - as with a casino, there actually weighted against you. With a good entry point and research, investing is akin to gambling but heavily weighted in your favour, like here with echo and the rest of my portfolio and probably yours. Just requires patience, which a surprisingly low amount of people have. Has Warren buffet ever "traded"? No. Is he the most successful and wealthy investors of all time. Yes. Looking forward to this month an next! As this is one of the shorter time horizon investments in my portfolio.
Until you've sold and made your £10 on your £200 investment then you'll stick around like a bad smell, and be raving about how it's going to 15p to try and justify your own actions. There are many like you across AIM boards and you'll be crying and spitting vile on here soon as your trade is complete / turns. Mark my words.