RE: ⬆️⬆️ TURNING....16 Jun 2025 17:20
The Top 25 Are Just Nominee Accounts Holding for Retail – So It’s Not Really 25 Major Holders”
Counterargument:
That’s partially true technically, but factually misleading in practice.
Yes, names like Hargreaves Lansdown (HL), IG, or Barclays list shares in nominee accounts, which represent multiple underlying clients. However:
• Most retail holders own very small amounts, and nominee accounts don’t automatically imply retail dominance.
• HL and similar platforms aggregate shares — but they still reflect where the shares are sitting. If a large number of shares are in HL nominee accounts, that means retail holders on that platform are NOT selling in volume either.
• More importantly, when we say the top 25 hold 90%, that includes all forms of non-freely traded or slow-moving shares — whether it’s an institution, a broker nominee, or insider.
• This still proves the float is tight, because the actual tradable volume is low, regardless of how those holdings are sliced underneath.
Bottom Line: Even if nominee accounts contain many individuals, the impact on liquidity is the same — shares are pooled and not being flipped daily. That’s what really matters for price movement and float analysis.
Institutional vs Public Ownership Is Wrong — HL, HSBC etc. Are Just Holding for Retail, Not Institutions”
Counterargument:
You’re right that HL and HSBC may not be “institutions” in the traditional asset manager sense (like BlackRock), but the categorisation isn’t misleading — here’s why:
• Ownership data aggregates based on holding structures, not the investor type underneath.
• The real-world effect: these shares are not actively traded, regardless of who’s technically behind them.
• If HL nominee account shows 280M shares, that’s a massive block of equity tied up, regardless of how it’s split among SIPP/ISA holders.
• Retail investors in nominee accounts typically hold passively, especially if they’re using SIPPs or ISAs — they are not day-traders.
And importantly:
• UOG’s own regulatory filings (like TR-1 disclosures) count these holdings in their substantial shareholders’ list.
• So it’s valid and standard to group these under “institutions/nominees” when calculating float and liquidity.
Bottom Line: Whether they’re true institutions or nominee accounts for retail doesn’t change the fact that these shares are locked up and not actively traded, which is the point being made.
It’ll Take Another 4–5 Months to Land a Deal — If They Even Can. Middle East War, Market Down. Relax.”
Counterargument:
Respectfully, this is opinion, not fact — and the actual timeline and conditions tell a different story:
• UOG has already completed the hard part:
• Licence extension (secured in March 2025)
• Technical de-risking (piston coring, seismic, interpretation complete)
• Data room open, multiple parties under NDA (confi