Member Info for Freemoney

Thanks very much for confirming those support and resistance numbers. I think we're bound to see resistance broken here with perhaps a tickle of 195+. I can't see any reason why not and there's value for new investors still at those levels. I thought about topping up when it was down at 145 but I've committed as much as I'm willing to so had to be disciplined, as much as it now hurts when I see the price back up at a level I knew would come soon enough. I'm happy though, recovery well on track

Thank you. And yes, £2 for a start. Looking back over 1, 3 or especially 5 year charts this share seems to be depressed, very undervalued. What more will it take from this point to perk it up again?? I'd like to see a big investment from an institution, a show of faith from the industry, that might push it on to better heights

I can see this climbing slowly but steadily back into the 180 range. Am I right in saying there is resistance around there? Hopefully the talk of future dividends will push it through to £2 and beyond

I see the broker ratings for this stock also remain very positive. Vast majority are a buy, and none in the past 6 months have a target price below 200p. Surely it has to break that level soon. My guess is that it will creep up in the next 2-3 months and then have a further growth spurt once the full year results are announced. That may also then coincide with a dividend announcement.

I remember those days of 400p a share. Fondly! I can't see a dividend anywhere near that anytime soon, or a 400p share price for that matter, but I'd take 50% of either happily. Thanks

is great news. This was the interim update I was hoping for in advance of the full year end results and should keep the price steady and ticking toward £2 while we await the full news. Talk of a dividend is surely going to restore confidence, although why its been pushed down the last couple of months is beyond me. Does HOIL have a dividend history or would this be the first, if and when something is paid? Surely that alone is enough to encourage some II's to take a good look and plough some big bucks into this stock.

Happy new year all. Anyone know when interim statements are usually issued for year end results, prior to full publication? I appreciated its only 2nd Jan but just wondered if there is a common window for these things to come out in Jan/Feb? Thanks

All sounds very positive. I can't see why the SP has been deflated for so long, hopefully news like this and good year end results will push it up early 2014. For the first time in a long time I am sitting on a paper loss with this stock but I'm looking long term, and remain very optimistic

Has the write up been published? Does anyone have a link to it? Thanks

Thanks for the comments everyone, it seems there is little logic but ever lasting positive sentiment! It may well be a good time to top up. Zooter: What results are due and does anyone know when?

And yet the price drops! Why does good news always have a negative impact!!??

Sounds like good news, so why has the price not moved at all?? This has been tickling £2 for ages, what will it take to break through?

Does anyone know when the next set of financials is due out?

Great news from Heritage, time for a recovery...

Thanks. I agree, bit surprised but personally I am in balls deep in this one so am hoping it comes good. Fingers crossed the legal case is sorted and they can concentrate on generating some cash to keep the books balanced. I don't think popularity will bother someone like TB, its hard facts and that's what I like to hear!

Target price cut by Canaccord Genuity but still a very attractive target price based on today's price. I note from the article that the majority of brokers have a target range of around 270-280p (only Investec is lower at 170p). http://www.mideasttime.com/heritage-oil-price-target-cut-to-gbx-300-by-analysts-at-canaccord-genuity-hoil/19735/ Does anyone have any strong feelings for/against these views? Personally I can't justify the huge drop in SP over the last couple of weeks, despite full y/e results.

Excellent post, appreciated. My own opinion is that if you can afford it, particularly in the case of HOIL, is that the rights should be taken up and the discount taken full advantage of. The strategy of HOIL is clear in that the fund raising is required to cover the cost of the Nigerian takeover (reverse takeover) and not necessarily a cash flow issue that suggests a deeper issue, as you rightly pointed out is a common reason for a RI to be announced. That is my plan, I don't hold a huge amount in HOIL so my rights won't cost the earth, and my average is well below the current market price so for me further discounted shares and avoiding any dilution is a positive step. That said - lets see how much the offer price is and whether this possible other placing knocks us out of the running anyway! Again, excellent post and very well put across.

I haven't looked at this stock for a while, can anyone summarise why the price has dropped so radically from June time? Has there been a split or something or has it just gone off a cliff? Thanks

Good thing these forums are anonymous... eh my love

Thanks for your comments. Agreed these things are a formality, just wondered what the feeling was so thanks. And Swiss, I was in Guernsey last week and - not being a native Jerseyman - am happy to say I like the place! Don't tell my Jersey mates though, its not the done thing to fraternise with the smaller islands :-)