United Oil & Gas Share Discussion Threads

[weidnerworld] 15/4/2002 17:50

Have just received the docs re the Cash Offer for United Overseas Group by Univers SAM. The offer of 2.5p per share is about 9% of what I paid.

Has anybody experience of compulsory purchase of shares if the buyer obtains the 90% that is required to enable the compulsory purchase.
In the event that the buyer does not achieve 90% I am inclined to retain the shares in the company as they have so little value now I prefer my chances by waiting to see how the new company trades. If I do not accept the offer and the buyer does reach 90% anyway, are they going to offer more than the basic price just to tidy up my share holding?

Any experiences of others that have found themselves in this situation are of interest. Thanks in advance. Jamie.

[merson] 08/2/2002 00:23

And low and behold the did delist.

[cool hand kev] 22/8/2001 15:21

what do you mean delist ?
dont know much about this co but i believe they trade on the SQOS
if they delist they move down to another market were they may become harder to trade (not go private)but i dont think they would have a rights issue with 67% taken up if your shares devalued. they'd be worth what ever they trade at!

[voy.10] 22/8/2001 12:13

hi all..saw the news today that 67% of the 12 for 7 rights issue was taken up @ 2.5p per share..Considering the company is going to delist sometime late sept/2001 i was wondering....should i cut my losses and sell or see what the new management do with the company......im new to this so when the company does delist will my shares be worth anything?...considering they are only worth about £450.00 now, i am thinking of letting them ride....comments welcome....

thx in advance.

[cool hand kev] 04/8/2001 00:53

a mate of mine holds these from what ive read here you lot don't seem to bullish

opinions appreciated are they to risky ?

[cool hand kev] 03/8/2001 17:11

some one bought 1,000,000 today £25k invested they dont see it as a risk

[rosemary999] 20/7/2001 10:53

cheers dub!

[dublin] 20/7/2001 10:37

Rosemary999

Well done but be really careful with this one if you make any profit on this one take it they may be around this price for a very long time. Hope you make a mint.

dub

[rosemary999] 20/7/2001 10:20

gee, thanks

[rosemary999] 18/7/2001 19:13

shame ,
howabout a little tiny bounce for Aunty Rosemary before you go .

[dublin] 17/7/2001 10:34

Heading below a penny bye bye UOG!!!

[rosemary999] 12/7/2001 17:06

Oops! if back down to where it started again.....oh well

[rosemary999] 12/7/2001 16:49

There ! up 33% today and top of the list.....

[dublin] 11/7/2001 11:22

Blacker Prince I thought you got out at 20p. I took your advice and sold at 18p but did not go back in at 5p far too risky for me.

dub

[the blacker prince] 11/7/2001 11:09

Release your anger and frustration here:


UNITED OVERSEAS GROUP
HEAD & REGISTERED OFFICE:
United House, Shrewsbury Avenue
Woodston, Peterborough
Cambridgeshire
PE2 7BZ
United Kingdom

Tel: [phone]
Fax: [phone]

[dublin] 10/7/2001 13:16

Sell now while you still can.

[squeeky] 06/7/2001 15:48

Sell !
A director has
Obviously he has no faith in his company.

But on a more serious note, can anyone explain to me what’s’ going on.
I will admit to being a beginner at all this and would appreciate someone explaining the process that has been set in motion, and of course where it is likely to lead.
Thanks in advance.

[giraff] 06/7/2001 14:45

Well UOG seems to be in serious trouble now. The rights isue has just come up and the price has collapsed. I only hold a few hundred quid in this one now and am puzzled as to what to do now. Anyone got an opinion on the next few months?

G

[steve66] 21/6/2001 15:35

AGM postponed again to ?th.July. To be reconviened in tandem with an EGM! I speculate that discussions on funding may be progressing well and will need shareholders ratification at the EGM. This may be the spring board we're all looking for. Any comments?

[dublin] 30/5/2001 10:20

I wouldn't it now looks even riskier I would stay well clear of this one!!!

[the blacker prince] 30/5/2001 09:08

Spread now reasonable and at 5.5p is it worth a punt ???

[giraff] 27/5/2001 15:31

Hmm. Did I say Monday? :-)

Pain in the butt being up here in Scotland where we don't get the holiday!

I'll wait until Tuesday unless I can convince then to open the markets especially for me? Hmm. Maybe I better just go to work and not worry for another day.

[the blacker prince] 26/5/2001 17:41

Giraff - markets closed Monday so your anxiety will be prolonged even longer. LOL

[the blacker prince] 26/5/2001 17:40

Giraff - markets closed Monday so your anxiety will be prolonged even more. LOL