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PFC, I feel for you brother. The market can bring a lot of pain to the many. GL for the future endeavours.
Selling up after the recent update was a decision made with the head, for those of us who took that path.
That in itself does not mean it will be the right one in time of course, but regardless, it was not a decision made from a place of irrationality or 'the heart'. I take issue with that comment :)
Certainly, if, as some seem to think, the BOD are doing something dodgy to cheat people out of their shares for example, then some of us would not want to be a part of such a shady operation anyway.
Even if one is indifferent to such a scenario, without inside knowledge, you are basically betting that by not 'falling for the shakeout' you are going to be able to make out like those bandits. Not saying they are crooks, to be clear, but just making the point in line with this particular theory to which I hold no opinion in either direction.
The alternative is you take the RNS at face value and have to call into question the level of professionalism and ability of the BOD to turn the ship around. It was unnecessary IMO but in particular, it was extremely poorly communicated and presented, at the very least. Hardly the first blemish on an otherwise exemplary copybook.
Either scenario is a solid reason to sell IMO.
Probably not long to find out which scenario is going to be the correct one, but either way, GLA who remain invested here, or in for a punt. Ultimately, you either win, or you lose. Everything else is simply noise.
PFC Veteran
If you are reading this board my heart goes out to you for the level of losses you've incurred.
I Seriously hope it won't affect your quality of life
Kind regards
George
Fitch today downgraded the equity to junk status!
Can I ask who you are Tallies and who you represent ...Absolutely fully appreciate your Posts but it's very intriguing as your coming across as being a very high kind of Corporate legal company......
How does one ";Fill up " your In box ....do they have your personal details?
Might be nice if the shorts clear off but we’d be much better of if they’d cleared off last week at 33p plus and the bum rns hadn’t dropped might have made 59 or 60 p
- Talies
I've been prepared to give our current BoD the benefit of the doubt, they are between 'a rock and a hard place' - mainly of their own making, but after last Fridays reckless RNS I no long have faith in the BoD and would fully support a vote of no confidence. You can count on my 0.02% of the shares :)
To all the people who have filled up my inbox over the past hour please don't take it personally but I have handed that responsibility over to my PA to handle responses as I have too much on my plate at the moment.
Just from the 1st 2 messages I have read... to answer your question I don't know for sure if there will be a D4E or not. We do not have a contact on the inside feeding us info like the shorts do... Sorry I couldn't resist a dig.... LOL
But at the rate of knots shorts are closing something tells me there won't be one. As per my previous messages we believed there would be a D4E but that's all changed for us now. We loaded up on plenty today!
Best of luck all with your strategy... My advice to all, think with your head not your heart!
Ahhh the classic share price rise of the next couple of days until some news drops. Nothing new with this share, its been so the last 4 news drops...
Agree Rock. My humble opinion is that most of them probably think they have gone as far with the price fall as they could expect and have decided that " a bird in the hand" sort of thing.
Anyone's guess I suppose, but it would be nice to see 'em clear off
Apologies for the delay Johny I wanted to confirm with my analysts that they had picked up on this info you provided.
As I was duly reminded by the team they haven't left a stone unturned... every post, every conspiracy theory, every query, every detail they have covered, so thank you for that!
That’s it everyone Bottom is in and it’s up from here. Well done every LTH for holding - hopefully PFCVetran got his shares bought back again to capitalise on the gains we shall see in the days weeks ahead.
Imagine we will build on the gains tomorrow.
Some big news is on its way the way hawks have approached here .
On read back not very well explained. The "On your website you still show Schroders Plc as holding 9.46% of PFC stock.", was not the purpose of the email, it was the delay in the issue of the RNS of 9/1/24, which PFC took almost 6 weeks to provide to market
I'm sure you don't need reminding Talies, but don't forget the issue with the RNS regarding Schroders, see my post of 24/1/24, 18:59 excerpt below:
"On your website you still show Schroders Plc as holding 9.46% of PFC stock.
You were notified as Issuer (Box 1a) on 1st January 2024 that Schroders had reduced their holding from 9.46% to 3.748%.
Although you were notified on 01/12/2023 (Box 6 on TR-1 Form) of this major shareholding change, TR-1 Form was not ‘received’ until 09/01/2024, almost 6 weeks later.
Can you explain the delay please – is this down to yourselves or Schroders Plc?
Can you also explain why PFC website has not yet been updated to reflect this major change. This is misleading."
IR reply was that this was down to a 'technical issue', a tecnical issue which remains unexplained to this day, and has been sidestepped in exactly the same manner as the answer to the latest question regarding the RNS of the 12thApril. The wall of silence, at the time before the RNS was issued in January, was deafening and in my view exacerbated the fall that occurred when the shorters all piled in around the end of November 23, probably due to some sort of leak - who knows ?, but the RNS delay needs explaining
Well done Talies
BB will be showing this as a Buy Confirmed…….its pulling away and looking like a good finish. We essentially now need to break through 26.5p and then many of the derampers will scratch on another board. Also would be good to see if a few more of the short brigade used the opportunity to close later
Thanks for your support PlymouthMike!
As I said earlier we need a bit more time to ensure we have all of our i's dotted and t's crossed but we are not too far away from being able to provide you all with the information that you need to make an informed decision.
We will be sending out detail of our findings prior to a conference call which my PA will co-ordinate. if any of you are unclear of any of the information provided our analysts will be on hand to explain in more detail.
This board of Directors has NO respect for it's shareholders and It's about time they remember who is in charge...
It's time to hand the Power back to the PI's...
Its greta to see some on this Board prepared to challnge the BOD.
Why are we getting RNS which causes share price dips when we get no RNS on new positive news and orders?
I will certainly support any vote of no confidence in the BOD
In the very near future I will be sending out details of our findings and we will be looking for a vote of no confidence to overturn this board.
PI's have power... Particularly in PFC's case which is a predominantly PI owned business. We just need to stand together to realize that POWER!
Can anyone guess why we asked Question 2???
I was as confused by it as most of you I am sure will be... The devil is in the detail...
2. Who was responsible for the decision to release the RNS?
I'm pretty sure that IR are scrolling this board regularly and I want them to read this... they are very aware that the SEC and FCA are also awaiting their response...
@Talies 👍
YorkshireBlues please note as per correspondence with Investor Relations in previous thread. We are awaiting a response to question 1.
1. The title for Friday's RNS was "Update on Strategic and Financial Options," what NEW information was given to shareholders that wasn't already communicated by Petrofac in the past?
Once we have received a response I will gladly pass on the detail. But until then understand the bigger picture here please...
Incorrect information Yorkshire Blues ... it has been stated before on more than one occasion.
"Every Option would have been going on for a while, of which a D4E would be one of the Options..... "
That may me the case but the first time it has been explicitly stated was in last Friday's RNS.