Shares of shale gas hopeful IGas Energy (LSE:IGAS) have risen by 84% from a low of 49p in just over four months.
It's a strong comeback for a company that was forced into a painful refinancing in 2017. IGas now has backing from both chemicals giant INEOS and from oil and gas investor Kerogen Capital, which owns 28% of the group's shares after pumping £29m into last year's refinancing.
If you were brave enough to have invested in 2009 following the dark days of the last financial crisis, then you'll have benefitted a lot from the subsequent stock market bull run that will soon be in its ninth year. So does that mean we should now wait until the next big crash before buying? Absolutely not - that would be a very foolish strategy based on fear alone.
Over the past year, shares in Numis Corporation (LSE:NUM) have smashed the market returning 27%, excluding dividends, against the FTSE 100 return of 7.7%. At the time of writing, the shares currently support a dividend yield of 4%, so after including this distribution, the return for the year will likely exceed 30%.
But can this financial services business continue on its current trajectory?