Saturday April 18, 2015
Kiddy Fiddler Greville Janner – another establishment cover up
Weekly Postcard #108 - All those links to India edition
Rand Paul for President – An Old skipper from London Irish calls & I’m going to New Hampshire

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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