I really have to lol at people posting that the sp will drop to 30p ect. This is just speculation and people trying to get the SP down to buy lower. The company is not in great shape, but IT IS in better shape than it has been in a few years so there is no reason for the SP to drop so much. The RI has solved a lot of the debt problem with the full issue being taken up by ii's and pi's. The bod also bought in massively at a lot higher price. Now do you really think the ii's and bod would put upfront their money for a company that was going bust? no ofc not. The company is now in better shape than ever and improving. Just read through the last results. This is just being dropped on sentiment. Sell if you wish. I for one am adding as it drops.
Jules35- nothing wrong with hearing both sides of an argument, but why would Fernie continually de ramp a share? It's like a mission for him. Sad person tbh. If you are not in a share why be like that? If you are, but still de ramp it you are a fool. As for predicting 30p, well he may be right, but no one knows for sure so it would be luck if he gets that right. He rants on about how good he is. That says it all imo. gl to you.
That's fair enough. I figured if guys really don't want to read his posts it's easy enough to do but when I was in this share I also appreciated both sides of view. Having said that any side is better if given with some kind of intelligent rationale.
Not sure if it will go down as far as 30p and for the sake of people still holding I hope not - but yes the share has been hammered for one reason or another and the more positive predictions have proved wrong time and time again so I can't help wondering what it will take for things to turn around in a sustained manner. My experience of 18 months in PFD was waiting around for results day in the hope that news would be positive and things would take off but it never did even when results were decent. Maybe the odd bounce but then it just drifted slowly south again.
It seemed that when the share had the occasional decent rally it was more due to other factors - possibly rumours or just a general change in sentiment. For the people predicting 70/80p by the end of the summer what is the thinking behind that - what might occur between now and then to cause a significant shift. I know people like to talk about the share being manipulated down and who knows - maybe it is to some extent - but I can't help thinking that a big concern for potential investors is that despite major disposals and financial restructuring in recent years many people are still not confident about the future of the company. Is there anything in the medium term that might change that?
I have to be honest, Fernie has been more accurate at predicting the PFD share price than many. This share does get brutally hammered by the shorters, even now the company is financially stable for the next few years it is still being treated as a dead man standing. It is better to at least see both sides than blindly expect this share to rise. Having said that I am deeply invested in this share and hoping for a long term happy ending.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.