Wednesday September 03, 2014


Bitten by a Duck in Kardamili Greece as the Mrs laughed loudly
Weekly Video Postcard (#46 financial, #76 non-financial) – Free Speech & Frigana Edition
Hamas supporters in UK try to get pro-Israel tweeter fired by blackmailing employer

PERSONAL, UNDILUTED VIEWS FROM TOM WINNIFRITH

, , ,

I do not believe Wessex bid rumours - sell and switch into Northern Petroleum

Share this article with your comrades in revolutionary capitalism

- Tom Winnifrith

It is a strange old world and I gather that some folks reckon that there is a bid on the way for AIM listed oil exploration penny share Wessex Exploration (WSX). I bet you 5000 Albanian Lekke that there is not and as such I would rate this stock, at 7.3p, a sell. If you want exposure to Guyane (the only real asset of note in Wessex) I would obtain it by buying AIM listed Northern Petroleum (NOP) at 67.5p.

On 26th March Wessex received a bid from Total at 10p a share. The company said that it was minded to accept. On 12th April Wessex said that having consulted some shareholders it had decided the offer was not good enough and walked. My sources tell me that Total was livid.

On 10th July Wessex managing director Frederik Dekker sold 5 million shares (leaving him holding c92 million shares) at 6p

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