Member Info for ocelot

The market cap is rising quickly this morning: on 8.167bn shares and at a price of 0.02725p it is now £2.2m.

618.9m shares

The closing price prior to the placing of 10/07 was 0.021p.

All of that ground has now been recovered.

Impressive start to the session, top volume stock again.

Bubblepoint,

It means Shore Capital reduced their holding from 13.14% to 12.81% on 24/07.

Did they do anything in the market yesterday? We don't know yet.

Shore Capital, down to 12.81% from 13.14% on 24/07.

When a share price rises, it is because the volume of buying exceeds the volume of selling.

What you call CHURN, Bubblepoint, others call buying.

CHURN that raises the share price by 20%!

Let us have much more CHURN, please.

Let me add, I do not know why:

1/ Shore Capital have picked up 13.14% of UKOG's issued capital to become the company's biggest shareholder;

2/ about 16% of UKOG's share capital turned over on the market today.

Book net assets of £33.294m at 31/03/24.

Current market cap: £1.40m.

Bubblepoint,

UKOG may be short of cash but that doesn't stop a bidder coming in and supplying the cash. Then it would be a question of the potential value the bidder puts on the assets.

Impairments are decided by management as part of the annual figures. The next set of figures have to be published by 31/03/25. Today is 25/07/24. It is, therefore, too early to know the amount of the eventual impairments.

In fact, your post makes exactly the same point as myself, because you show some of the impairments that have been made over the years by UKOG, so book net assets at 31/03/24 are what is left AFTER those impairments.

Deltavegatheta,

We've had this conversation before.

Book net assets are, by definition, book net assets, nobody is claiming they are a valuation.

On the other hand, each year a review is conducted of book net assets and they can be subject to impairment at that time, so they are more meaningful than simply a record of how much has been spent.

Book net assets at 31/03/24: £33.294m

EarlofAim,

It's over to you, to look at the financial statements and RNSs.

1,032.9m shares.

UK ENERGY STORAGE LTD: Launch of GB Energy highlights need for hydrogen storage to support the drive for more wind farms. Storage needed to capture excess renewable energy when the wind doesn’t blow and/or demand outstrips supply

Thank you, Roadhouse, appreciated.

Volume has picked up: now stands at 537.6m shares.