RE: Bad news20 Mar 2024 12:59
I wonder if Heid been speaking to TW ? Why bringing up now! She's been banging on about these buybacks for ages. I think she wants to get the share prices down as lowest possible for when a bonds mature ( she been banging on about the bonds too) so she can buy back into UJO more cheaply!!
Its possible that a hit piece by Tom winifrith on UJO a couple of hours ago may be the cause of the sell off
"Between October 2022 and the end of June 2023 Union Jack Oil (UJO), run by the journalist trolling David Bramhill, engaged in a much vaunted share buyback programme. By the end of that period, it boasted that, after the purchase of 100,000 shares at 32.25p it then held 6,300,000 shares in Treasury.
From another BB by currypasty