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The AIM peasants are revolting No 2: Union Jack Oil & Gas

By Tom Winnifrith, the Sheriff of AIM | Friday 23 May 2025


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.


Perhaps change is afoot. My anger at the incompetence, greed and, frankly, dishonesty of too many AIM and Small Cap boards is, it seems, far from unique. The peasants are stirring and may be revolting. Second up is Union Jack Oil & Gas (UJO) where the two key directors, both in their seventies, trouser a combined £475,000 but with expenses and employers NI almost certainly cost the company £600,000 or more and yet own just over 2% of the equity.
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