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Following last weeks RNS updating the market it was somewhat of a surprise to see further guidance today and the subsequent 10% fall in the share price in early trading this morning.
I currently have no position in HIK and was looking to purchase around the £18.50 mark and with today's RNS it is looking more likely one for longer term recovery and one for the pension pot. I will sit on my hands for a few hours and see what the market does today (£16.71 a the time of posting to buy)
Nowt no stranger than trying to predict the stock market but this one I suspect will have caught a few on the hop - anyone any thoughts as to the reason for this today (merger, takeover or just a decent dividend going forward)
Steadily rising for the last number of weeks and no surprises to see this and can see this continuing.
How far will it go - was in the sixties previously and now now better conditions so see this as a minimum.
2021 Interim Results are out - https://polaris.brighterir.com/public/regal_petroleum/news/rns/story/rngd80x
Will take some reading through but good to see "On 25 February 2021, the Company completed a reduction of its share capital through the cancellation of its entire share premium account. This reduction of capital created distributable reserves of the Company, which enables the Company to make distributions to its shareholders in the future, subject to the Company's financial performance. However, the Company is not indicating any commitment, and does not have any current intention, to make any distributions to shareholders."
Lets see what happens when the market opens - any thoughts?
A steady rise up to 35p before people twig that is still got value and plenty to go - one to tuck away and reap the rewards in due course.
The link below gives a little history and more importantly future development.
https://www.enwell-energy.com/about-us/growth-strategy/
Trading update tomorrow + strong increase today = takeover.
Of course 2 + 2 doesn't always equal what you expect but maybe just this one will and it may begin with an "A"
Not invested here but now a keen observer - GL to all those who are invested !
I’m glad to see this one start rising again - will it continue and anyone any thoughts as to why the the recent rise.