Monday November 24, 2014
Video Postcard #90 - The Rochester fallout, UKIP, immigration and the despised political classes
Off to Ireland for the Weekend – Ballymaloe beckons
The Sacrifice I have made for West Ham and its inspired manager Fat Sam Allardyce

PERSONAL, UNDILUTED VIEWS FROM TOM WINNIFRITH

, , , ,

Afren: Not Fundamentally cheap

Share this article with your comrades in revolutionary capitalism

- Tom Winnifrith

Earlier this week Afren plc (AFR), a FTSE-250 oil and gas exploration and production company which despite its size remains a darling of the Bulletin Boards, updated investors on its performance in 2012 and its outlook. This review helped the shares up to 152.5p although they have subsequently slipped back to 147p which capitalises the company at £1.595 billion. Chartists will note that 152p proved a resistance level ten months ago and failure to breach that level ( which had been support a ten months prior to that) saw the shares fall back to 100p. But I’d rather burn my West Ham season tickets and start supporting Spurs than become a Technical analyst and so I review the fundamental case.

Read the full article on TradingResearchPoint | Comments
comments powered by Disqus
---

Register here for The Tomograph
Tom's newsletter with original articles and a free share tip of the week, not found on this website.

Video postcard from Tom

Weekly video postcard - Ukraine, blowback, UKIP and the Euros