Petroceltic is a bargain at 3 pence, but there is no alternative for its investors
There’s probably a fair bit of shouting yet to be done. But aside from that, Petroceltic, the Irish gas explorer, looks like it will be in the hands of the Russian-controlled hedge fund Worldview soon enough.
Last week, the board of Petroceltic agreed to recommend the 3 pence a share offer that Worldview, the largest investor in the company already, had made.
As the company is in an examinership process, it represents possibly the...
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Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures