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Union Jack Oil: does it regret the share price support operation, oops I meant share buyback?

By Tom Winnifrith, the Sheriff of AIM | Wednesday 20 March 2024


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.


Between October 2022 and the end of June 2023 Union Jack Oil (UJO), run by the journalist trolling David Bramhill, engaged in a much vaunted share buyback programme. By the end of that period, it boasted that, after the purchase of 100,000 shares at 32.25p it then held 6,300,000 shares in Treasury.
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