UK 14:15 Tuesday, 27 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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.
Investors in Kea Petroleum (KEA) awoke yesterday to the shock news that its appraisal drill in New Zealand had been a failure. This caused the share price to tumble by over 60 per cent to a little over 1.1p, but even after such a drop I think it still looks over-valued at a £10 million market cap and certainly wouldn’t be rushing to buy in.
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Comments
Gary Newman
Just to be clear, the wrong disclaimer has been used on this piece and I’m definitely not holding, nor plan to at any time!
Tom Winnifrith
Gary
Apologies on behalf of the site editor. Changed
T
Gary Newman
Cheers Tom, a few had mentioned it to me – although they’d assumed I was short anyway rather than holding (possibly would have been on one of the dead cat bounces yesterday if IG were taking shorts!).
Ben Turney
@Gary – I realise accusing you of owning KEA was nearly as bad as saying something awful about your nearest and dearest, so please do accept my heartfelt apologies! :-)