Member Info for oilboil

BuzzBuzz you said "You are correct on your figures. Ukog only gets 33% of a potential £20k day (assuming your HH figures) so the MCap of Ukog must be recalculated downwards and similar for the share price. Many fingers will be burned today!" maybe if the people spouting mcap potentials had understood how to do it correctly in the first place it wouldn't need recalculating downwards - only a fool would have included more than 33% of HH against UKOG

I thought the rise would goon a bit longer today, is the "up" now done for the day?

Or SOSIG (sausage) for short

Spread too big - so too risky to sell or buy unless you have news published or know its coming

Looks like the moaners on here got what they wanted, today's RNS tells us Nick is stepping down

Spring in the UK ends, and always has, on June 20th - which this year is a Wednesday

To answer Chris's question about potential value of the company in a takeover, IT Services companies are generally valued on contract turnover value. Last year this was �6m, the year before it was �2m - no idea what this years will be yet. A common multiple is 4-5 times turnover (then it gets adjusted for losses etc. if they are significant) So 5 times the average yearly turnover of �4m is �20m (it's always an average to smooth out strange figures) So given there are 28.16m shares this would mean 71p maximum for a normal takeover offer. they already own about 54% of DFX so to take it private they'd need the other 46% which would mean �9m If I was DFX I would keep just buying up 50K tranches in the 22-25p dips as every million added this way will save them nearly half a million quid.

Usually yes but read the RNS about the last placing and the AGM - basically they knew as a result of the placing purchase they would own a large amount so the requirement for them to make an offer was removed as one of the actions voted on at the AGM - so in this case they don't need to make an offer

You realise that your post makes little sense when you remember that Investment Trust vehicles are primarily made up of holdings (i.e. shares) in a number of companies. If you don't like shares then you shouldn't like trusts which are just big black boxes holding lots of shares.

It showed as hitting that - but it was only for a moment and the sell price offered was nowhere near it when I looked - so an interesting spike to lock in a few unfortunate day traders maybe

Bid massively down now :(

It's been so quiet in here it feels like they all went to the pub deep underground with no wifi afterwards :)

SP volatility has dropped to pretty static levels so no-one has a vested interest in ramping or deramping - so they've moved on to some other board for their jollies

Yep it's back in auction again

It's certainly jumping around all over the place this morning, up nearly 10% down 2% and up 3% all within 5 minutes. A traders dream so long as called correctly

We know someone is going to pay 182 so why has it dropped in the last hour or so from 170 to 166 Doesn't make a lot of sense to me

The news looked decent - why the big drop

Makes a nice change doesn't it :)

up or down what do people think for the SP after the results presentation

Are we likely to see any movement on this one anytime soon?