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HARL has issued 3 RNS's on 3 consecutive trading days, coincidence or not? I wonder whether they in the process of raising capital via rights issue to strengthen their balance sheet in light of big orders in order to disclose further information to potential IIs. Or they just trying to release more good news so more people buy the supply from sellers? Anyways good news to learn about their strong sales pipeline. I think from FA perspective, it is pretty solid. I will be looking for the right time to buy.. not sure when yet. IMO, DYOR.
Morning CI,
I posted this on the Harl BB on the 16th at 10:42 when the first RNS was released.
"The RNS today is good without being fantastic but I would think that H&W are going to RNS anything they can to convince shareholders the only way from here is up and to try and change the mood music surrounding the SP.
(fwiw), Its always hard to say but I think we are close to the lows now and am building up a position around these prices"
Its always hard to know where to get in and ultimately its usually the lower the price the bigger the risk.
My reasoning is the Govt would not have likely given them the order if they thought they were going to go bust. Almost to the point that this stops them going bust and therefore that was partly/always the Govt 's plan.
So for me (and this may be misplaced reasoning), if they are not going bust then this removes a large risk attached to the company which in turn means the company, valued at just £25m is crazy.
Chart wise the new is support is 14.12-14.38. A break and close above 15.05p would be the first step to suggest the down trend is broken with stronger confirmation at a close above 16.6p
(just my opinion DYOR etc)
Well, its now my biggest stock by far on shares owned. and my second biggest holding. Starting to think this has the best chance for overall returns. DYOR etc
Wyn, very good call! good for u. What's your analysis on where it goes next from TA? GL! Hope it generates a massive return for u.
Thanks Ci, fingers crossed and all that.
A close above 17.25p would be very bullish and I think would confirm a reversal was taking place. (The caveat is always it could be a false breakout however if it did fall back into a trading range I would not sell unless it fell now to 14-14.5p)
Anyway, assuming all is good, then the next big target would be a close above 22.5p which then would put the recent all time high of 25.90p in play but I would not see this as particularly significant at this stage in the great scheme of things.(the 22.5p is the one for me.) After that its about 40p but we are going back a year or so so by then the chart will have thrown up new lines and supports etc
What can get the taste buds going is that the high 10 years ago was around 1475p. I am not saying its going back there ever, but there does seem scope now for some very good appreciation. Just my opinion etc etc