Sunday September 21, 2014


The skies darken over the Greek Hovel as lovely Eleni and the rest of Kambos prepares for winter
This time it really WAS a snake encountered at the Greek Hovel
Video Postcard #80, snakes, frigana and falling in love with Kambos issue

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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