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PetroCeltic - Worldview may bid - shares are a sell

Tom Winnifrith
Friday 22 January 2016

Oh how the morons like being rogered. Today's lesson is Petroceltic (PCI) where 29.6% shareholder Worldview has said that it may make a cash offer for the company subject to due diligence, etc, etc. Petroceltic shares have raced ahead by 85% to 20.1p valuing the company at £39.7 million. This is of course madness.

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About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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