The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Lostmoney, amtech: 🥱(yawn)
Looks good; I am patiently waiting to see what they tell us about the new betting venture in terms of how that is progressing but it's really nice to see the refreshed website clearly showing the 3 different areas (igaming, licensing, platforms) that they have. Good work MOS team!
"Trades lacking conviction again"
Looking at the trades for yesterday it seems there is a fairly close match between the buys and sells?
Not the way that they get colour coded as that is just how close the price is to the bid / offer spread at the time but looking at the actual price they were traded at.
I would suggest that it seems very close to being equal buys and sells.
Probably 2 or 3 million more sold than bought but only a grand total of £9,000 of stock traded (buys and sells) on the day.
“ An thank you for being polite.” no worries. There is enough hate in the world without us small investors adding to it!
I am not saying that they are perfect. For example they should be buying a few shares. But its one of the better companies in lots of ways.
Lets see how the professionals at ujo deal with the placing and company not going to plan at bce and we can see how we rate their actions.
I agree that the risk has not paid off this far but that's the nature of these small oils plays (BCE). Don't write it off yet as "It's only a loss when they sell" and yes they paid approx £650K for 3% of the company which is worth approx £220K at the placing price but you could imagine that they are going to average down / retain their % as the UJO directors understand how these small companies and especially oil plays work so I doubt they would have bought that stock for a short term trade with no expectation that things may play out in a less than ideal fashion.
Personally, and appreciate that I am a newer investor here than you, I like the USA angle if those projects can add to the cash flow (if they work).
I bought a small stake in UJO for the variety of projects that they are involved with hoping that some of them allow them to grow their revenue and I am fairly confident that within a few years my stake will be worth considerably more than I paid for it. If not then that's the nature of small caps.
I see your point here with BCE. But also the directors did also pick Wressle and if BCE had worked out well to this point shareholders would be happy with that choice. You got to be in these things to have a chance of winning them. Without Wressle UJO would be just like many of the others and with BCE and the other projects they should have a chance of adding to the cash flow that has saved this company, despite it not being that evident in the share price right now. You have to feel for the BCE direct holders also.
Been following this one for a while and bought a small amount earlier. Not every day you see a FTSE 100 company (for now) fall approx 35% at its lows on the day but pleasing to see it finish "only" around 18% down. With the recent takeover action on a few other large companies that's my guess for the next 12 months as despite some historic issues with the business they are the UKs largest financial adviser. I thought it was worth a small position. Good luck all and sorry to the longer term holders.
The stand out line has got to be "Reabold now holds £9.1m net cash".
More than the market cap...
Agree. Happy to see that. I invested here in part for the cash position so they put another teaser about excess cash to shareholders which I only want if they also fund the 2 projects properly but I would like to know a little more about that (away from the buybacks) when they can say more than "we may do that in the future" which is how I read it. Happy but keen to understand that cash distribution point better. Apologises if I missed that detail in the RNS though!
Pleased to see this update today. Add that to the USA drilling and perhaps that will catch peoples interest in due course. Will leave it to the more clued up to debate the detail but in simple terms combine the cash generative aspect of UJO (no need to raise money) with multiple drilling projects in 2024 = not a bad place for an investment if you believe O&G has a role to play in the next few decades (which I do). Happy. 👍
My thoughts / hopes are that as the new betting venture moves closer to launch that they use the various milestones to show shareholders that they are making progress.
Hello MOS holders. I am looking forward to seeing if we get an update on the progress this week or next. Last Monday and then 2 Mondays before we got intraday RNSs (one RNS and one RNS Reach). Not been this excited with a small company for a while. Good luck all.
That went through as a manual trade. Seems a bit strange that buying less than £1.5K of a stock with a £50m + market cap needs a manual order!
Trying to add a few more KOD and the price is .28 but trying to buy just 500K shares needs me to place a manual order with my broker?
Weedavemac. Correct. Apologies for all the posts. Yesterday I did feel properly attacked here and perhaps I should have just shut up and taken the kicking but it felt wrong so I did not.
Silversprings. Would love to get that answered by one of the big investors here if they are happy to say.
That's my buy just gone through.
1,500,000 @ .0547.
Enjoy your days all.
Hello MOS gang.
I was contemplating on the debate yesterday afternoon and thought I would share this with you. Not specific to MOS as you can apply this to any company but I would hope that everyone can see how people see their investment success / failure at times. I know it applies to me sometimes although I try not to think like that.
Two scenarios:
1) A company does amazingly well. Investor says wow I timed that well. I am on fire at the moment and bordering on a genius. Let's repeat that several times then I will be rich. Note the lack of credit to the company.
2) A company does poorly. Not always the actual company but the share price which can often be the same thing. Investor says I can't believe how incompetent the management are. What the hell are they doing. Bunch of idiots! Note the lack of reflection on oneself here...
Anyway. Thought I would share that with you all. I will be adding later today...
☮️💕☮️💕☮️💕☮️💕☮️💕☮️💕☮️💕☮️💕
(hoping that these little icons soothe the obvious pain of my fellow bulletin board posters)
They explain it very clearly. May I draw your attention to the office space just being recharged and the other items "at on or below market rates". Companies have costs!
From the RNS:
The Agreement has been expanded after a full evaluation by the Board to ensure it provides fair and good value to the Company as it scales up. The Agreement covers the provision of office space, on a re-charged basis, as well as creative, technical and office support to the Company in operating its Streams data service and NFT platforms at on or below market rates, contains a 90 day notice period and is subject to 6 monthly review. In the year to 30 June 2023, Kruchdata Limited paid Ignite £172,000 of fees.
Bluepun. I agree with you. As we all discussed last week or the week before (when the haters were being nicer and seemed in better spirits) the inter company payments are not ideal but I was pleased to see how transparent they are about it.
At the end of the day in my view it is exactly as the company has explained it but if you want to look at it in the most negative way possible just add it onto the renumeration of those or something like that!!
The bigger issue for me is now why are these 6 accounts all kicking off? I will be adding tomorrow as I think I get what's going on here in terms of games and after todays RNS I am more positive.