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Union Jack Oil
(LSE:UJO)
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Rating:45Neutral
Price Target:
2.50 p
▼(-20.63% Downside)
Action:Reiterated
Date:08/28/26
The score is held down primarily by weak recent financial performance, driven by the 2025 swing to a large loss and negative operating/free cash flow. Technicals add further pressure as the stock trades below key moving averages with negative MACD and low RSI. The balance sheet’s zero-debt position provides a partial offset, while valuation is difficult to assess given negative earnings and no dividend yield data.
Positive Factors
Debt-Free Balance Sheet
A debt-free balance sheet reduces refinancing and interest-rate risk, preserving financial flexibility for licence interests, drilling, development, or other asset decisions. The absence of reported borrowings also means operating cash flow is not being diverted to mandatory interest payments.
Negative Factors
Severe Profitability Deterioration
The sharp move from profit to a substantial loss indicates that recent earnings are highly volatile and that profitability is not currently dependable. Lower revenue combined with negative operating profitability can weaken reinvestment capacity and make future results more sensitive to execution and production outcomes.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
A debt-free balance sheet reduces refinancing and interest-rate risk, preserving financial flexibility for licence interests, drilling, development, or other asset decisions. The absence of reported borrowings also means operating cash flow is not being diverted to mandatory interest payments.
Read all positive factors
Union Jack Oil (UJO) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£4.10M
Dividend Yield1.61%
Average Volume (3M)237.10K
Price to Earnings (P/E)―
Beta (1Y)-1.25
Revenue Growth-4.12%
EPS Growth-889.83%
CountryUK
Employees4
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-0.06
Shares Outstanding146,565,900
10 Day Avg. Volume229,012
30 Day Avg. Volume237,103
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.16
Price to Sales (P/S)1.09
P/FCF Ratio-0.85
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)<0.01
Revenue Forecast (FY)£5.42M
Union Jack Oil Business Overview & Revenue Model
Company Description
Union Jack Oil plc is an onshore oil and gas entity operating within the United Kingdom. The company's principal activities encompass the production, drilling, development, and strategic investment in hydrocarbon ventures. Since its incorporation ...
How the Company Makes Money
UJO makes money primarily by earning its proportionate share of revenues from hydrocarbons produced and sold from the onshore UK fields in which it owns working interests (typically as a non-operator). In practice, the field operator markets the p...
Union Jack Oil Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
72
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.76M | 2.49M | 3.93M | 5.07M | 8.51M | 1.89M |
| Gross Profit | 794.94K | 691.00K | 1.97M | 3.30M | 5.10M | 782.56K |
| EBITDA | -1.10M | -1.27M | 562.42K | 1.74M | 5.23M | -223.24K |
| Net Income | -7.44M | -7.03M | 649.21K | 859.09K | 3.61M | -853.01K |
Balance Sheet | ||||||
| Total Assets | 19.00M | 19.08M | 23.85M | 24.18M | 26.36M | 24.47M |
| Cash, Cash Equivalents and Short-Term Investments | 1.53M | 1.46M | 2.53M | 5.20M | 7.16M | 5.98M |
| Total Debt | 1.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 3.07M | 2.25M | 1.98M | 2.28M | 3.36M | 4.27M |
| Stockholders Equity | 15.93M | 16.83M | 21.87M | 21.90M | 23.01M | 20.21M |
Cash Flow | ||||||
| Free Cash Flow | -2.14M | -3.22M | -3.72M | -597.12K | 2.35M | -3.88M |
| Operating Cash Flow | -934.60K | -669.59K | 344.37K | 1.98M | 5.92M | -579.71K |
| Investing Cash Flow | -1.95M | -2.40M | -2.75M | -2.10M | -3.66M | -3.40M |
| Financing Cash Flow | 3.00M | 2.00M | -266.42K | -1.84M | -1.08M | 2.69M |
Union Jack Oil Technical Analysis
Negative
3.15
Price Trends
3.15
Negative
3.48
Negative
3.45
Negative
Market Momentum
-0.10
Positive
25.99
Positive
35.98
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:UJO, the sentiment is Negative. The current price of 3.15 is above the 20-day moving average (MA) of 2.96, below the 50-day MA of 3.15, and below the 200-day MA of 3.45, indicating a bearish trend. The MACD of -0.10 indicates Positive momentum. The RSI at 25.99 is Positive, neither overbought nor oversold. The STOCH value of 35.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:UJO.
Union Jack Oil Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
46 Neutral | £14.82M | -17.52 | -1.67% | ― | -22.80% | 95.24% | |
45 Neutral | £4.10M | -0.48 | -45.39% | 1.61% | -4.12% | -889.83% | |
43 Neutral | £36.69M | -22.89 | -2.03% | ― | 2.40% | 91.98% | |
42 Neutral | £9.35M | -0.92 | -22.10% | 4.20% | ― | -150.68% |
* Energy Sector Average
GB:UJO
Union Jack Oil
2.80
-2.05
-42.27%
GB:ANGS
Angus Energy
0.18
-0.06
-24.17%
GB:STAR
IGas Energy
19.00
11.50
153.33%
GB:RBD
Reabold Resources
64.50
2.00
3.20%
Union Jack Oil Corporate Events
Business Operations and StrategyExecutive/Board ChangesFinancial DisclosuresM&A TransactionsPrivate Placements and FinancingShareholder Meetings
Union Jack Oil tightens governance and costs as new Board resists Reabold bid
Positive
Sep 29, 2026
Union Jack Oil reported unaudited first-half 2026 revenues of £1.56m, up more than 20% year on year, with gross profit rising to £0.56m and administrative expenses edging lower. The adjusted net loss before impairment narrowed to £0...
Business Operations and StrategyM&A Transactions
Union Jack Bolsters Shareholder Resistance to Reabold Takeover Bid
Negative
Sep 24, 2026
Union Jack’s new board has reinforced its opposition to Reabold’s recommended all-share offer, arguing that the bid significantly undervalues the company and does not provide an adequate control premium. The board, backed by independen...
Business Operations and StrategyExecutive/Board ChangesM&A TransactionsShareholder Meetings
Union Jack Oil strengthens resistance to Reabold takeover bid
Negative
Sep 16, 2026
Union Jack Oil’s new board, installed after shareholders voted to remove the former directors in August, has withdrawn its previous recommendation of Reabold’s all-share takeover offer and formally rejected the bid. The company recentl...
Business Operations and StrategyExecutive/Board ChangesM&A Transactions
Union Jack’s New Board Rallies Shareholders to Reject Reabold Takeover Bid
Negative
Sep 11, 2026
Union Jack Oil’s newly appointed board has formally rejected an all-share takeover offer from Reabold, publishing a rejection circular for shareholders. The board argues the proposal significantly undervalues the company and urges investors ...
Business Operations and Strategy
Union Jack Oil Notes Commencement of Work at West Newton
Positive
Sep 9, 2026
Union Jack Oil has announced the start of work at the West Newton project, following an update released by operator Reabold Resources. The company highlighted its 16.665% working interest in the licence, underlining its participation in the next p...
Business Operations and Strategy
Union Jack Oil Adds Zeus Capital as Joint Broker to Bolster Market Support
Positive
Sep 8, 2026
Union Jack Oil has appointed Zeus Capital Limited as a joint broker, expanding its advisory and brokerage team alongside existing partner SP Angel Corporate Finance. The move strengthens the company’s capital markets support structure at a t...
Business Operations and StrategyExecutive/Board ChangesM&A Transactions
Union Jack Oil’s New Board Reviews Reabold Takeover Offer
Neutral
Sep 4, 2026
Union Jack Oil plc is a UK-focused onshore oil and gas explorer and producer, whose assets and operations have attracted interest from sector peers and investors. The company recently experienced a significant board reshuffle, with former director...
Business Operations and StrategyExecutive/Board ChangesStock BuybackFinancial DisclosuresShareholder Meetings
Union Jack Oil investors block capital restructuring at adjourned AGM
Negative
Aug 24, 2026
Union Jack Oil’s adjourned AGM on 24 August 2026 saw shareholders approve the 2025 annual accounts, the re‑election of director John Alec Americanos and the appointment of Craig Robert Howie to the board. Crowe U.K. LLP was re‑ap...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Union Jack Oil shareholders force board shake-up with return of former directors
Positive
Aug 24, 2026
Union Jack Oil plc has undergone a significant board overhaul following a requisitioned general meeting in which shareholders voted by around 90% majorities to remove three existing directors and appoint two former directors back to the board. New...
Business Operations and StrategyM&A Transactions
Union Jack Board Stands Behind Reabold Takeover as Shareholder Opposition Grows
Negative
Aug 5, 2026
Union Jack Oil has confirmed that Reabold Resources is proceeding with a recommended all-share takeover offer, formalised in an offer document distributed to shareholders under the UK Takeover Code. The proposal would see Union Jack shareholders e...
Business Operations and StrategyM&A Transactions
Union Jack Board Backs Reabold Bid as Key Shareholders Reject Current Terms
Negative
Jul 31, 2026
Union Jack Oil has confirmed that Reabold Resources’ recommended all-share offer for the company is now formally open to shareholders under the U.K. Takeover Code. However, a key Union Jack shareholder group holding 14.09% of the voting righ...
M&A TransactionsRegulatory Filings and Compliance
Union Jack Oil Corrects Director Dealings Disclosure Amid Reabold Takeover Offer
Neutral
Jul 31, 2026
Union Jack Oil disclosed that its takeover offer from Reabold Resources, announced earlier in July, is proceeding with the formal offer document now in circulation to shareholders. The transaction is structured as an all-share offer under the U.K....
Executive/Board ChangesM&A TransactionsShareholder Meetings
Union Jack Oil Board Resists Shareholder-Led Meeting Amid Takeover Offer
Negative
Jul 27, 2026
Union Jack Oil has called a requisitioned general meeting for 24 August 2026 in London after a group of shareholders holding 14.09% of voting rights demanded board changes shortly after an all-share offer from Reabold Resources. The board will cir...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Shareholders Move to Replace Union Jack Oil Board
Negative
Jul 8, 2026
Union Jack Oil has received a shareholder requisition dated 7 July 2026 from investors holding about 14.09% of its voting rights, seeking a general meeting to overhaul the board. The proposed resolutions call for the removal of current directors D...
Business Operations and StrategyExecutive/Board ChangesM&A TransactionsShareholder Meetings
Union Jack Oil Delays AGM Amid Board Threat and Reabold Takeover Offer
Negative
Jul 7, 2026
Union Jack Oil has further delayed its adjourned annual general meeting, which was originally set for 26 June 2026 and postponed following Reabold Resources’ recommended all-share takeover offer. The rescheduled AGM will be held five busines...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.