UK 17:14 Friday, 23 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Jabba The Hutt has taken to twitter last night complaining that I have not published his latest abusive email sent to me at 7.07 PM after yesterday's expose. Apparently I have to drop everything to respond and publicise this journalist bullying and smearing fat Aussie share ramper. Needless to say, the email from David Lenigas is pathetic but just to bring a smile to his face as he gazes down to the marina in the Monaco tax haven, where lives, to look at his 36 foot yacht....
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Comments
wildrides
The price they bought the extra 7.8% is the killer . Who would sell to them at that price if there were packets to be made within a few years time frame . Over to Andrew Bell for independent comment :- …………………….. ( sound of wind and rolling tumble weed ) . For whome the Bell tolls.
RC
“UK Oil & Gas (UKOG) has just bought 7.8% of Horse Hill for £1.8 million. That means its total stake in HH is currently valued at £6.3 million. that is a FACT”
No it doesn’t. one buys for x and can sell for y (as per mkt cap), then valuation is based on y not x. If a company trading on a p/e of 15 buys a co trading on p/e of 3 then is it value accretive for the purchaser? One would think so. I am sure retail analysts at James Capel would have told you that. You are basically suggesting that one cant buy an asset for less than its true worth.
Tom Winnifrith
RC
Of course deals can be accretive. Most actually end up being value destroying but we only find out in hindsight dont we. As we will with Horse Shite.
My point – as opposed to what you a HH loon think my point was in order to counter the general thesis – was contrasting what the market is prepared to pay for HH right now ( a value of £20m) with what Del Boy wants us to believe – the joke E&Y numbers. The former is hard fact, the latter is tomfoolery to get a placing away.
As a shareholder in denial I’d expect you to miss that point
T.
Office shortage
Sorry to see the great London Office Shortage affecting David Lenigas.
UK Oil & Gas Investments PLC is at
Suite 3B, Princes House
38 Jermyn Street
London SW1Y 6DN
United Kingdom
T: +44 (0) 207 440 0640
and he writes to you from the same address with the same telephone number:
“Stop implying I am running UKOG, as this is grossly untrue. You’re making yourself look more foolish post by post. Regards.
David Lenigas
London office. Telephone: +44 207 4400 640”
Times must be hard indeed.
Andy
You have to feel for DL, as his yatch seems to be suffering the same deflation as his shares. It was 100ft in a Shareprophet article in February and now it’s only 36 ft.