Share Name Share Symbol Market Type Share ISIN Share Description
Union Jack Oil Plc LSE:UJO London Ordinary Share GB00BLH1S316 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.35 -2.86% 11.90 641,647 15:10:48
Bid Price Offer Price High Price Low Price Open Price
11.50 12.30 12.25 11.75 12.25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.16 -1.87 -2.23 13
Last Trade Time Trade Type Trade Size Trade Price Currency
16:05:58 O 12,259 12.17 GBX

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Date Time Title Posts
30/11/202116:29Moderated Union Jack Oil Thread11,934
29/11/202123:31Union Jack Oil - Can David Bramhill do it again?8,891
24/9/202115:40Oil & Gas Flash Note by SP Angel - "Positive outcome at Wressle"3
24/1/202119:16UNION JACK OIL5
20/9/202023:45UJO HEADING BACK TO 0.1P95

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Union Jack Oil Daily Update: Union Jack Oil Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker UJO. The last closing price for Union Jack Oil was 12.25p.
Union Jack Oil Plc has a 4 week average price of 11.75p and a 12 week average price of 11.75p.
The 1 year high share price is 41p while the 1 year low share price is currently 11.75p.
There are currently 112,715,896 shares in issue and the average daily traded volume is 1,209,887 shares. The market capitalisation of Union Jack Oil Plc is £13,413,191.62.
likeawalrus: if that's what you truly believe, I guess you will sell all your shares next week and not be posting here any more, unless it's to say "I told you so" of course. DB's interview wasn't great but it's hardly 'deathly silence', he said work is ongoing at Wressle and he hopes it will be completed by year-end (in other words Q1, he's always giving unrealistic time frames) with regard to revenue, there have been 2 RNS's both stating NET revenue from Wressle Rather than jumping straight to an appeal at WN they are submitting a lesser planning application, a smart move imo. I'm not sure about Bisc, best guess straight to an appeal as it's very different to WN. EDR is submitting a planning extension request for NK in the next 2 weeks not sure what's happening about Kedd. I suspect we will see development in 2022 DB has employed a specialist company to prepare a file on the leaks for the FCA DB cancelled the unpopular Royalty purchase UJO has about £8m cash Wressle revenue $100k per week DB confirmed UJO is in profit for 2021 trading update to be published in January ...the current share price is a disaster for all shareholders, but we have an updated CPR for Wressle in the pipeline, we have ongoing work to optimise production, we have millions in the bank, we are profitable for the first time and we will have a trading update within 2 months. when sentiment changes the share price will improve dramatically
thetoonarmy2: I have sent this to DB today let's see if he replies to any of us, doubt it though ?Att of Mr Bramhill Mr Bramhill as you will be fully aware of the diabolical share price which I do blame on you in the main and the other Directors purely due to the leaked placings and the ridiculous intention to get involved with a dubious royalty scheme. Now what has happened has happened but I do believe the Directors need to take action on the deteriorating share price, I believe that now is the time for UJO to announce a share buy back and if shareholder approval is needed it should still be announced to the market now to show intention. Unless some Corporate action is happening I also believe all the Directors exception of Joe, should put hands in there pockets to purchase shares again this will show some degree of confidence to shareholders albeit late in the day for this better now than later. I understand that you may be constrained by confidentiality or inside knowledge but after that absolutely awful paid for presentation on Pro Active, which I also believe has contributed to further falls you now need to man up and accept your fiduciary duties on behalf of shareholders. You may not wish to answer this as I am leading a campaign to have you removed or maybe, you may wish to have a telephone call I still have 3 numbers from the Nighthawk days if they are still in use. I look forward to hearing from youSincerely
talkman2: Announcing a share buy back of 10% of shares would be 11.7 million shares At the current share price this would cost around £1.5 million . Of course you don’t buy 10% in one go but it sends a clear message to the market that the company thinks the share price is too low at current levels and will go in the market and mop up shares if it needs to The company would proabably not have to buy up the full 10% ( as Encore did years ago ) but it would greatly restore confidence . Also , as Currypasty highlighted the company buying shares at current levels could provide an excellent return. It’s a much better proposition than his poxy royalty deal which was tossed out , thank goodness Why doesn’t Bramhill have a bit more confidence in the company ( he won’t even buy shares himself )? He runs it himself as if it’s his own private company . Sorry David , it’s shareholders who own the company and your sole purpose is to provide shareholder value . On this main point the share price speaks volumes
likeawalrus: I like the idea of a share buyback as the share price is at an all time low and ujo appears to be flush with cash, plus of course 2022 development plans have stalled for WN & Bisc., but I doubt DB would consider it. So what to do with all that cash? rather than a merger with edr & eog as some have suggested, how about ujo takes an equity stake in edr? say 20% for £2m? edr is our operator for all sites except WN, they are short of cash and have their fingers in a lot of pies that need developing. an equity stake would give ujo some influence over what happens and when, plus edr would have the cash to fast-track our jv's
likeawalrus: I'm curious, how would investors feel about a modest share buyback? I'm sure some people would be unhappy with a buyback so soon after a placing, but it seems to me that ujo has a lot of cash with no projects to spend it on unless planning is forthcoming in the near future (apart from the Wressle upgrade which will bring in even more cash). The EDR loan will be due in a few months, plus of course we have been promised that the Royalty pays for itself "within a year", I simply cant see ujo being short of cash in 2022. Wressle should have contributed about $2m by year-end, so I would be happy to see ujo buy about £1m of shares considering the share price is on it's knees. Alternatively, I would like to see DB put his money where his mouth is and make a significant purchase. (another way of looking at it would be to spend placing cash which was issued at 22p per share buying back shares at 16p)
likeawalrus: 1347, ujo employees do not have a company pension, they opted out (something that should be considered when criticising their packages or comparing them to RBD etc). Hi GP, if ujo was flush with revenue, Royalties would be worth looking at, however attempting to raise the money for the purchase was done at the expense of crashing the share price There is also the issue of timing, with oil at $80 presumably a Royalty interest would be much more expensive now than when oil was at $50 and of course no-one knows what the price will be in a month from now let alone a year or two. I assume there are various risks, ie, the O&G reserves, the FX rate, the price of oil and probably other things I dont know about. Presumably the break-even price is relevant too? with regard to the $130k purchase, it was bought in a "fire-sale" at a great price, with a significant accrual. This accrual has yet to be paid out as the administrator left last year and has yet to be replaced. Until a replacement is found the accrual will continue without paying out. Perhaps the shareholder rebellion meant DB missed an extremely profitable opportunity but he didnt explain the mechanics of the Royalty, he just gave hard to believe percentages, so many investors, including me were very sceptical.
likeawalrus: sarkcosy, I'm not anti ujo execs like many on here, I think db has done very well to build our stake in Wressle. I suspect he could have increased out stake in WN but fortunately hasnt. WN & Bisc are delayed due to planning, NK probably next but on paper I think they have build a portfolio of good prospects. Of course the leaks have plagued ujo for 3 years, if the rumours are true them maybe, just maybe, someone will have their wrists slapped. I'm "balls deep" in ujo and sitting on a large loss but I dont believe that changing the management will fix the low share price for anymore that a moment. I do believe that Wressle revenue will prove to be above expectations and will in the next 3 months or so get the share price back to circa 40p or possibly higher when we see revenue from gas to electricity conversion. anyway, I'm glad we can have friendly disagreements on here unlike the cesspit that is LSE.
markfrankie: hippotigris Posts: 6 Price: 16.50 No Opinion RE: Seems very strange to meToday 09:54 Share price is dictated by market forces though. Supply and demand. Basic economics. What the management does actually has relatively little consequence if people like you decide not to buy. So why hate on them for a low share price? All that does is contribute to a lower demand which transaltes to a lower share price. So if you're invested that seems like a stupid move to me. But I'm new here and still trying to get my head around this place. Maybe someone could explain it to me
thetoonarmy2: likeawalrus. I was asked this question before by someone on here previously. I had spoken numerous times to David Bramhill in his Nighthawk days and as many on here say he is a very pleasant chap, amiable and very chatty to people. I fell out with him over a conversation regarding a poster called star97 or something similar he posted that he worked for a company that was involved in a placing for HAWK, I phoned David to ask him about this he said no chance no placing which was fair enough you would expect nothing more but and a big but having spoken to him previously my gut feeling told me it wasn't right anyway long story but I dumped all my HAWK shares and low and behold a placing 3 days later but the way he was taken in on Nighthawk, he was naive and gullible not dishonest in any way. I don't think he is up to being CEO of UJO, nor do I think the 3 leaked placings himself but as CEO the BUCK stops with him, his biggest problem is he can't stop himself speaking to all and sundry who phone him but that's his biggest failing, many CEO's refuse to speak to shareholders other than at AGM's no phone, no email, etc. I had sworn never to be involved with any Bramhill project again but a poster on here who had a lot of UJO himself phoned me and said about UJO and the good thing in all of this was UJO was not the operator on any projects hence I stupidly made a mistake and allowed greed to cloud previous judgment and to be honest I bought in on the WN project as well as the mix of others Wressle was still in its arguing stage with the council and as I believe it was Graham Bull who was responsible for finding Wressle but of course it was DB who approved it so yes he was right on this one Wressle as they say (in Italy even a pig finds a truffle now and again :) Look I wish DB no ill will but I have a substantial amount of money invested I just don't think he is the man to lead us forward the so-called 20% royalty scheme was the cream on top (actually must chase up I did make a complaint that it was a related transaction that share price Angel should have pointed out= Mr Godson?) Bramhill needs to come out of hiding and make a general statement on the UJO position,I understand till Egdon report on Wressle little he can say on that but can say a lot in between the lines give us the truth on WN after all the super hype not only from the 2 at WN but he himself was very bullish a general uplifting RNs hope he says merging with Egdon.:)
thetoonarmy2: Mike re your post below. I do hope the comment that the UJO share price is not because someone has made some sophisticated STUPID calculation, I cannot believe that we are at 17.5p bid the last purchase I did I thought that was as low as it could get now this. The question is does someone know something we don't or is this the perfect time to buy? Costs £36k inc costs to get another 200k or should I just sit on my hands and as much as my thoughts on DB are well known on this BB, I just cannot see how UJO can be at this price level unless I am missing something. I know the planning application is in and the Gas separator plant is being installed alongside the established flow rates but I do think it's time UJO made a general statement regarding the overall state of the company including updating us on West Newton hopefully, tomorrow. Mike29029 Oct '21 - 10:55 - 11350 of 11354 0 5 0 ps. I don't doubt that someone somewhere is trying to perform sophisticated calculations in relation to Union Jack's prospects. However, I do sincerely doubt that Union Jack's share price, either in the past or now, accurately takes those calculations into account. Whatever they may be.
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