Friday January 20, 2017
Bristol Against Trump is having a demo today - who'll tell the lefties that things changed in 1776?
Clueless Lib Dem git Alistair Carmichael warns Tories want post Brexit UK to be like "Singapore without the sun" - I wish
Jon Snow allows the black queer liberal millionaire to "own" persecution in Trump's America

PERSONAL, UNDILUTED VIEWS FROM TOM WINNIFRITH

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Petrel Resources – Valuation Not Justifiable

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- Tom Winnifrith

Apologies to my friends John Teeling and David Horgan who run AIM listed Irish oil explorer Petrel Resources (PET) but the valuation of your company is just not justifiable. At 19.375p the company is valued at £14.4 million. Even the house broker Northland gives a valuation range of 3.6p (base case) to 14p (maximum best case). The share price is simply far too high and here is why.

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