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To get most of us out of the doo-doo #!
How far can it advance ?
I've been in UKOG for over 4 years now and my "investment" has gone down by about 90%.
A good investment is one that goes up over the years, not DOWN.
Severely disappointed in the way the SP has dropped over the time, but I can't afford to get out now.
I would love to know what the reason is for this sub-1p drop in the SP. There are so many shares in issue that the MM's can play with UKOG how they like.
I'm pretty sure that those in the know, and who are not invested, are waiting just to time it right. No use for them to invest until they know that this is going to rocket. They're not bothered whether the SP drops, as it has over the last year. What they're concerned about is when to get in - timing is everything. The lower the SP is for them, the better, because the multiples they will make when this rockets is going to be a lot easier for them. In my honest opinion, there will be a time in the not too distant future, when the UKOG share price is going to start elevating. It may take 3 years from now to 10x the share price from what it is now, but that's the beauty of these types of investments. When they do lift off, they lift off dramatically. Under 1p is a great price now to get in. I believe that by 2023 this SP will be north of 15p, based upon projected progress anticipated. For what it's worth, we have to be patient, because this is, exactly what Buffet would say, is a "long-term investment". Patience is required.
The questions I'm asking myself here are :
- Is UKOG going to land up on the scrap-heap, judging by the way the SP has been tanking over the past 12 months ?
- Is UKOG going to rise like a "Phoenix from the ashes" and redeem itself, as far as the SP is concenred ?
- Is the UKOG SP just going to languish in this range for a long time ?
I like Paul Johnson's song - so no criticism there.
You only have to look at this chart .....
http://www.lse.co.uk/ShareChart.asp?sharechart=UKOG&share=uk_oil_and_gas
I can't believe my 12:58 post was removed - the one that said the SP reminded me of Paul Johnson's song "Down Down Down". The fact is it's true - the SP has been going down for over 12 months now.
There is an equal but opposite reaction. This SP has got to to turn at some point. I hope ! Getting very despondent now along with many other shareholders. We've all been told what a good prospect UKOG is but the SP doesn't seem to reflect that. I have been optimistic about UKOG for a long time, but now I'm also going down the drain and beginning to have my serious doubts as to whether this will every rise again like the Phoenix. SS needs to instil some confidence in the shareholders.
It's only a small rise .. so quite possibly some parties think that some announcement at the AGM is going to drive the SP upwards.
Hi argus ... I did say "from over a year ago", not "exactly a year ago". Hope this clears it all up.
This is still 90% down from over a year ago, and we are better off in terms of getting into production. So a mediocre rise of around 10% of the bottom is quite paltry. If this were to rise today by about 50%, uh-hm, a day before the AGM, then we might have "reasons to be cheerful". This rise is just to prevent investors from having a big moan about the SP at the AGM. Agree/disagree ?
What really matters now to most of us is a radically significant uplift in the SP. This is why we are all invested, no ? UKOG needs to focus on delivering significant shareholder value to existing shareholders who have kept faith with proceedings thus far. Some of us are losiing faith with constant new placings and the erosion of the SP. The rajectory has to be upward from now, and the focus has to be on getting the existing development sites into production a.s.a.p. Trying to seek out new assets is not doing anyone any good.
hi will173 ...
yes - this looks a bit flaky as lse.co.uk shows many more recent trades, even though it's 15 mins behind.
normally "thisismoney" is up to date - a glitch, perhaps ?
Hi 37Bodie
I can suggest ... investing.com
You can set up a dummy portfolio and then get live streaming prices
Also, you can access .... "Thisismoney" ,.. type "thisismoney UKOG" into google and click on the relevant link
Once you get there click on "recent trades" ... you will get all the latest trades for your selected share - up to date
Best Wishes, macrandolph
Redheadedrager, I'm sorry you feel the need to insult me by calling me an idiot, but more the fool you are for not getting the correct spelling of my name. For what it's worth I am a LTH, and do not short stocks at all. I always aim to buy low and sell high - only. My point on consolidation is that it is very easy to short the stock because there are so many shares in circulation. If there were less shares, it would cost the shorters more to short the same volume of stock.
A share consolidation or reverse share split can be used to increase the value of the share. Share consolidations are used as a means of making a share more attractive to institutional investors who consider penny shares too volatile.
It's great to see so many views on consolidation, or not.
Adding significant value must only be - increasing the SP dramatically, and not the directors' remunerations.