By Tom Winnifrith | Thursday 31 July 2014
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 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.
On balance I’d buy Afren (AFR) today at 112p with its shares having plunged 24% on the suspension of its CEO Osman Shahenshah and COO Shahid Ullah. I am no expert on the fundamentals so this is not a tip but it strikes me that the market has over-reacted to the suspension of these two chaps.
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