By Doc Holiday | Sunday 27 December 2015
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
After an annus horribilis for New World Oil (NEW) in 2015 which (to put it mildly) has been engulfed by shady business, things now appear to be looking up for shareholders as Adam Reynolds '' front man supremo '' and corporate sanitiser Nick Lee join the board to help clean up and vend in a more attractive proposition.
After announcing the white knights arrival to the board the shares soared from 0.05p towards 0.13p and whilst Tom Winnifrith flashed his sheriffs badge at the valuation (fair cop) I actually disagree somewhat as currently likable shells run by highly credible and motivated boards are currently in vogue.
Thus decent clean shells with a cash pile are somewhat catching the attention of investors across AIM with many examples of significant premiums being paid for far worse models (such as Concha's £100 million ludicrous valuation during 2015)
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