Saturday August 02, 2014


Run Number Two at the Greek Hovel
My second pair of trousers set for retirement at The Greek Hovel – weight loss update
Transport Issues at the Greek Hovel – Luckily I am Steve Frigging McQueen

PERSONAL, UNDILUTED VIEWS FROM TOM WINNIFRITH

, , , , , ,

Gulfsands Petroleum – Even Commissioned researcher Edison sees limited upside: Sell

Share this article with your comrades in revolutionary capitalism

- Tom Winnifrith

A report lands on my desk today from Edison Research on AIM Listed Gulfsands Petroleum (GPX) entitled “The road out of Damascus.” This report was commissioned by Gulfsands ( i.e. paid for) and so one would not expect a bearish conclusion. ‘tis always the way with research reports from commissioned firms ( like Edison or Hardman) or from a house broker – they want to say buy but sometimes just cannot do so. And so you get what is known as a “corporate hold” . i.e. sell. There is no recommendation on the report but with the shares at 111.75p it sets a risked valuation of the stock at 119p. I cannot see why anyone would buy a share for just 6% upside. Any sane investor would sell and switch into a stock with more upside.

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