Member Info for StarBright

As you wish guys. I can explain stuff to you, but I can’t understand it for you.

So, tankers queued up until 00:01 on the 1st August it is!

It has nothing to do with UKOG’s potential tax costs.

Helpfully, I posted earlier about the potential benefits of BPR for inheritees.. Check my post history if you are interested....

Yes, I know different.

And I don’t post half-baked nonsense on topics where I have no clue.

The change from Investing Company to Operating Company is only a change of status under AIM Rules. Companies with Investing Company status benefitted historically from slightly increased flexibility in the rules on capital raising and certain disclosures. UKOG’s objectives are changing such that it can no longer continue to benefit from Investing Company status, but it doesn’t matter as the benefits were irrelevant in any case. It’s nothing to with tax, and the share price won’t leap when it happens - unless of course the aggregate activities of uninformed punters creates additional short-term demand....

zoom - your misconceptions on Trading Company status and tax were clearly and unequivocally addressed in responses to your similar post at 10:51. It is asinine to persist once explanations have been provided.

Who cares? No-one is learning anything this week from the presence or absence of tankers.

Just over 2bn shares have been traded in the 12 days since the placings were admitted. I wouldn’t expect ALL of the placing shares to be flipped for quick gains, and any forward sold don’t (I think, will check...) get included in the total traded on the exchange. So pressure on the SP from placing shares being sold in the open market may be less than is popularly supposed.

Let’s assume that there is some pressure. Alongside PI buying softening (4bn traded in the 12 days prior to the admission of the placing shares) for the reasons articulated in my earlier post, we have more than enough to explain the price action.

Sageman is correct. Th daily volume more than accounts for the placing shares.

My opinion is that the share price weakness of the last week or so is simply an outcome of buyer apathy. LTH’s have had plenty of time in which to reach their preferred position sizes, and perhaps many are beyond the point where they will commit further capital by buying dips. Punters seeking life-changing gains by taking limited risk with non-life changing sums have been disappointed and the drip drip of their selling is weighing on the price as buying pressure is low. The frequent poster here who bought 100k at £2.60, moaned for a week about the absence of gainz and then told us he’d sold at £2.15 is probably typical. I suspect there are many like him, but most have the restraint not to broadcast their foolishness here. Ifonly he’d realised...

I do not attach credibility to the various conspiracy theories - “price being held down for a big buyer”, “door being held open for insiders at mates rates” etc. These don’t stand up to inspection - for example the mates rates idea is obvious rubbish as anyone can buy or sell at the market price - so just more uninformed nonsense from posters without understanding of market operations. In general the principle of not ascribing to malice anything that can be explained by lack of understanding is a good one.

There are some sensible voices here, in particular a few posters with interesting and relevant industry knowledge. I continue to visit as I am learning from them. I don’t post on oil drilling topics (pipe diameters, flow rates etc) because I don’t have professional expertise in this area. I recognise that not everyone self-edits in the same way though...

The calm voices saying wait for the EWT to progress are - I think - the ones with the right message for amateurs at this point.

Boyzee please stop teasing the kids.

You’re not right.

The change from Investing Company to Operating Company is only a change of status under AIM Rules. Companies with Investing Company status benefitted historically from slightly increased flexibility in the rules on capital raising and certain disclosures. UKOG’s objectives are changing such that it can no longer continue to benefit from Investing Company status, but it doesn’t matter as the benefits were irrelevant in any case. It’s nothing to with tax, and the share price won’t leap when it happens - unless of course the combined activities of the uninformed create additional demand....

The mm’s dropped the price because they were short of stock because of buying pressure...?

Mms98 - no you are not correct. There won’t be a change in MCAP on 1 Aug for the reason(s) you propose, as anything already announced is already “in the price”. I hope this won’t stop you from being happy!

As my post says - loans have to be repaid, equity doesn’t.

I can explain this to you. I can’t understand it for you.

Repay the shareholders for what?

HHDL - like any business - has to repay its creditors not its shareholders. Shareholders have equity stakes - they aren’t owed any money. If you own shares in UKOG, does it owe you any money..?

How will HHDL’s shareholders realise value from their investments is a different question entirely. They will realise value through dividends and (less likely) a sale of HHDL’s assets, or even the sale of HHDL itself. I suspect that dividends will be the preferred answer here if and when these are possible.

Sometimes the questions here are breathtaking in the lack of understanding they reveal. Anyone not totally clear on the difference between debt and equity shouldn’t be within a hundred miles of an AIM oiler.

Also that quoting one day’s numbers is meaningless.

Doubleheadedcoin - your tramping here is even more naive and unsophisticated than your ramping on the UKOG board...!

CB1984: “walking the price down to fill orders at mates rates.”

What is stopping you (or anyone else) buying at whatever the SP has been “walked down” to? This recurring idea of “mates rates” is obviously false if the price is freely available.

Alba spread at 1.65% is presently lower than UKOG 2.18%.

But earlier this morning you posted: “...really? that is bull i just bought 100000 at 2.3”

Oh the irony....

Good point/post Boyzee. “Innovative” comms are all well and good when things are going well, but can be problematic when encountering the inevitable bumps in the road. I agree that it’s not very professional either. In any case, the relevance of the tanker spotters is greatly lessened now the first tanker has been seen. I suspect this enterprise - which has at times been both valuable and entertaining - will have run its race before too long.

I also agree that a shift in the makeup of the shareholder base would be beneficial, but looks difficult to achieve. I guess the opportunity will be when further funds are required.