UK 21:06 Monday, 21 September 2026
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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.
So there we have it. Adam Reynolds and Nick Lee have received an overwhelming mandate to transform New World Oil & Gas (NEW). Both men got elected to the board with over 99% of votes cast. This represents a great victory for shareholders and goes to show that positive, organised shareholder activism on AIM can work.
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Comments
CPPH
Well done Ben and Gary. Really good stuff.
What is your view of the current cash balance? Tom mentioned a figure in the bearcast yesterday (cant remember exactly what he said) that didn’t sound like a ‘sizeable warchest’.
Cheers
wildrides
Congrats to you and your members on your hard fought victory for ALL share holders . This is one shareholder victory that truly is transforming . I note Toms negative piece on the price in yesterdays bear cast . I would have expected him to be more congratulatory rather than try to kick chucks out of the SP from the off . A bit of jealousy me thinks ;-) . That was a bit churlish Tom . I did not hear you broadcasting how over valued OPTI had become and the fact that since 100p it has fallen back a massive 30% . Still very over valued at that mind ………… worth about 38p until any deal is done and announced. Any way folk are piling into NEW as I type this watching L2 at 10.38 today . As for Premethia ………. only worth 10p until the court case . I told Tom trainspotting was the way to go and not collecting stamps ………. but he did not listen and the stamps bit back like “Jaw“s one , two and three !
DUCK AND DIVE
Bravo! Vive la révolution! The toast is: Brave New World!
Drunken Sailor
It was good to see a proper disclosure on past companies. Normally new directors just list all the companies they have to under the rules and it is up to individuals to look up which ones failed in what timescales in relation to the director’s involvement and how badly investors and creditors got burned. It is clear not every turnaround has worked out, but then you would not expect it to.
Good luck going forward – I assume the other useless members of the old board will get their P45s too shortly.
Ben Turney
@CPPH – Thank you. Re. the cash balance I am expecting >£2.5million, but have no particular insight other than what has been announced. Also I said “sizeable war chest, relative to the market cap”
@wildrides – No one does churlish as well as Winnifrith. All he said to me yesterday was “I hope you’ve taken out a short in New World”. His only words on the subject. Miserable sod! :-)
@ Duck and Dive – Thank you
@Drunken Sailor – I like the disclosure too. Only a very small handful of people ever become successful without having tasted failure along the way. What I particularly like about these two is they are in their professional prime, heaps of experience, energetic and plenty of recent success
UCL Student
Ben, how do you fancy getting involved with shareholder action over at SER? We could do with someone who has been in charge of an action group and seen action happen!