UK 21:03 Monday, 21 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I own shares in one or more of the stocks mentioned. 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.
Over the last six weeks the New World Oil & Gas (NEW) shareholder action group, NWOGaction, has been quietly laying the foundation for a most surprising turn of events. Where the market has given up hope, thirty-seven private shareholders have continued fighting for their company’s future. Their efforts are about to bear fruit.
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Comments
CPPH
I hear Dan Levi is at a loose end…
Mark
Ben, In the disclosure at the top it’s says you hold no position in this stock?
Ben Turney
@Mark – sorry my mistake. I’ve corrected the disclosure. I am both a holder of New World and also a member of the company.
DUCK AND DIVE
Bravo, Ben. I hope the AGM signals the start of happier times for NEW’s much abused shareholders.
Methinks AIM’s 20th anniversary will mark a big upsurge in shareholder activism so maybe ShareProphets could publish an Idiot’s Guide since most angry/frustrated PIs don’t have a clue?
For PIs who want to do more than moan, this is a compulsory read:
http://www.sharesoc.org/Guaranteed_Votes.pdf
And I think ShareProphets should be lobbying the big stockbrokers to offer Crest Personal Membership online trading accounts so as to enable all PIs who prefer to trade electronically to benefit from the advantages that come from being added to a PLC’s shareholder register:
http://crestaccounts.co.uk/crest-personal-member-accounts-explained/what-are-the-advantages-of-crest-personal-membership
In fact, fewer and fewer brokers are offering this service since it suits them, administratively and financially, to corral disenfranchised PIs into nominee accounts.
GheeBhee
D&D
Where there is a desire to be active it’s quite possible to hold just one or two, ten or twenty or perhaps a couple of hundred shares in certificated form while continuing to make use of SIPP and ISA nominee accounts (at some risk of disenfranchisement of course- see Ben’s earlier stories relating to pooled nominee accounts). It doesn’t cost very much to certificate compared to travel costs to AGMs in exotic places with foreign sounding names. I’m thinking of St Helier with that one.
DUCK AND DIVE
GheeBhee, I was thinking more about gathering enough PI votes to lodge a GM requisition or table resolutions.
Barford
Ben; The interims today state the £2.8m cash. And they seem to have spent jackshit on projects and wages during interims and since so how come if you deduct receivables+cash off payables at end of interims and add new cash from placing, how come they only got 2.8m. Ie $160.000 net payables call it £105,000 take off the £3.5 m placing you left with just under £3.4m and see stated cash where the £600 grand gone surely not all on placing fees? Have they really spent that in two months……obviously some will be on exchange rate and operating fees but maths don’t seem right!!
J P Spaghetti
Speaking of GMs, given the huge volumes traded AFTER the SP had increased massively, if the MC has fallen below half the issued share capital would they not be compelled to convene a GM to discuss this specifically anyway or would regulatory requirements be satisfied by the AGM? Sorry if I’m talking bollox.