Placing18 Sep 2021 10:25
UJO has carried out placings in March 2018 (Β£1.25 M @ 17p new money), March 2019 (Β£1.75M @ 15p), June 2019 (Β£2.25m @ 34p), November 2019 (Β£5M @ 30p), September 2020 (Β£7M @ 32p). Each time the amount raised has increased. The share price to be obtained in any immediate placing is likely to be below the last three placings. With the other placings there has plenty of opportunity for those who subscribed to make a reasonable turn before DB asks for another prescription to fund his spending habits. However since the placing last September, also on the 17th (perhaps DB marked the date in his calendar), the SP performance had been lacklustre. The high has been 42p and the low 24p. This is the wrong time to be raising funds. Even those who subscribed last year are under water.