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As much as I hope it's not true, I am now beginning to get seriously concerned that some bad news of some description is about to drop. The fall from the late 20s is too sustained to just be a bit of profit taking.
Well said Ponkey. Perfect investment strategy in my book. The numbers are a little smaller in my case but the principle is the same.
I remember you forecasting this. Got it spot on.
Just need oil to come round too and we're away.
Reported
Reported.
Nobody will make a fortune out of UKOG except Sanderson from his fat salary. This share is a total dog as anyone who had the misfortune to hold it over the past couple of years will tell you.
Island Girl - Correct. It's pure mismanagement.
Yet another company shafts its shareholders.
Because it's more jam tomorrow with no actual progress.
Fully agree with your analysis of where the main market is sitting. There seems virtually no acknowledgement of the biggest recession in a hundred years. There's an almighty correction just around the corner.
The present share price is complete nonsense. Anyone buying at these levels is going to be sitting on some big losses by the end of the week.
That's exactly the conclusion I have come to as well. I've done well out of this as a whole but have bought just once too often and now have to accept a small loss on my current holding. Good luck to those that continue to hold but I'm out.
I doubt it. Had a great run but time to move onto something else.
The share price is limited by the production constraints, which haven't improved since the last RNS. Having the potential for orders from all around the world is little use if you can't produce the product.
This share is now massively overvalued following the last couple of days. I would be looking at 10-15% falls over the next week or so, along with several other FTSE 100 companies. It's almost as if some investors have completely ignored the overall economic situation that we are in. Fair play to you if you have ridden the wave this week, but it won't last.
I'd love to know how people are managing to sell. Every time I try to place a trade, I just get NT.
Those in employment have 80% of their wages paid by the Government, the self-employed have an equivalent scheme in place to protect their income, so what is being done for those in retirement who rely on dividends for their income ?
Hutch, I have a reasonable investment here so I have been eagerly awaiting an update. I'm just disappointed by the speed of progress so will try to recycle some of my investment elsewhere whilst we wait here. I'm still a believer in the medium to long term.
Money invested here is dead money with progress at a snail's pace. Other opportunities are a better bet at the moment until things start moving, which looks like being a few months.