UK 05:14 Wednesday, 23 September 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.
The market is clearly unimpressed with Rockhopper Exploration’s (RKH) acquisition today. The company’s share price has fallen to 6.15% to 57.25p, last seen. Perhaps investors are concerned to see the $11.5million drop in Rockhopper’s cash pile, perhaps they aren’t overly enamoured with an entry into Egypt or perhaps this is just simply a reflection of the general distaste for all things oil. Whatever the case, on a fundamental basis, today’s news looks attractive. That is so long at the crazies don’t sweep to power in Egypt!
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Comments
Craig
Ouch this plunged today. PMO will not sanction Sea Lion at current POO. Could be further to drop. 30p to buy perhaps.