Union Jack Oil Share Discussion Threads

[karina] 18/1/2023 11:05

Regular divi announcements

The much awaited ii money if it ever comes

[archie222] 18/1/2023 10:51

commercial flows @ wn

[currypasty] 18/1/2023 10:49

on mailkys blog, which i posted link yesterday he says

"UJO is in excellent shape, and likely to generate a steady flow of encouraging announcements as the year goes by, but the share rating remains dismal. Revenues hit £8.4m in 2022, and are set to rise this year. At January 2, there was £9.9m cash after a maiden dividend of £900,000 plus and a modest share buyback. There are no major spending calls in sight, and with the shares at 28.5p the company is capitalised at just £32m.
It remains way undervalued by most standards, but it is difficult to see what will change that"



can anyone answer his question... 'what will change our dismal rating?'

[likeawalrus] 18/1/2023 09:49

lots of good news in Egdon's RNS yesterday, this is my favourite line:
'New Competent Persons Report to be commissioned incorporating the new field interpretation and exceptional production performance'

[likeawalrus] 18/1/2023 08:44

thanks for the EOG link, Ireland could be huge, oddie said if it's going to happen it will be this year, also very bullish on Wressle which is encouraging.

[haggismchaggis] 17/1/2023 22:19

Curry, nice EOG video! I like the first guy on the questions!

"He's really underselling it!"
"The market cap is crazy, it should be five or ten times the size!"

And that guy is from a neighbouring block, so must know exactly what he's talking about!

[haggismchaggis] 17/1/2023 21:48

Karina, correct!

[currypasty] 17/1/2023 20:01

Malky's blog on UJO / edr

[currypasty] 17/1/2023 19:55

Europa talks about wressle

[ldbart] 17/1/2023 16:37

Decent and steady day. Very nice to see a few bigger chunks being bought here and over on the AQSE market. I'm very happy holding.

[maxwell] 17/1/2023 16:27

A very steady day with relatively low volume!

[karina] 17/1/2023 15:51

due diligence I would guess

[haggismchaggis] 17/1/2023 14:45

Eventually the market resigns the no longer relevant history to history, it looks at what the company has now and in the future, it wakes up and smells the coffee. That time should be now. I can see some smaller ii's picking up EDR, EOG and UJO over the next few weeks (DD takes time!).

[markfrankie] 17/1/2023 14:37

I believe your correct

[likeawalrus] 17/1/2023 14:29

dont worry many of us get a thumbs-down no matter what we post...consider it a badge of honour!

regarding your question, my understanding is the company gives an instruction to the broker and then lets them get on with it, I doubt the company has any influence on the trading once the instruction is given (just an opinion)

[markfrankie] 17/1/2023 13:42

Q2) does TW frequent this bb? mr red thumb, he must get fed up with being wrong on ujo

[currypasty] 17/1/2023 12:36

good question!

[markfrankie] 17/1/2023 12:28

Q) are directors allowed to buy whilst buy back is in the hands of our mm

[markfrankie] 17/1/2023 12:27

Or just pick up the loose handed shares along the way

[currypasty] 17/1/2023 12:19

This resolution authorises the board to make market
purchases of up to 11,271,589 ordinary shares
(representing approximately 10% of the Company's issued
ordinary shares as at the date of this AGM notice).



come on then, lets get some bought

[oakville] 17/1/2023 08:48

Thought this might have moved up closer to 10% than 2.

[maxwell] 17/1/2023 08:35

New link from ZEUS