Monday February 20, 2017
Tom Winnifrith Postcard: lefty millionaire media tosser Paul Mason on Greece - you have it 100% wrong you despicable elitist POS
Fake News Alert - its the BBC again caught telling lies about Donald Trump
A last picture of the ruin at the Greek Hovel - it comes down this summer but will be a Phoenix

PERSONAL, UNDILUTED VIEWS FROM TOM WINNIFRITH

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Gotcha! Sefton Resources – The Grim Truth starts to emerge

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- Tom Winnifrith

IM listed oil producing penny share dreadful Sefton Resources (LSE: SER) has today issued an RNS which is (by its standards) half way to being accurate. Even so, it is pretty grim. The shares have plunged by 14.5% to a new all time low of 1.325p but I remain of the view that they are worth no more than a fraction of that. They are now 99% down from the IPO price a decade ago, during which time chairman Jim Ellerton has made millions of pounds from excessive boardroom fees. But the stock will fall again and again over the coming years as Sefton’s true predicament emerges. I shall explain below why this is a conviction sell.

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