No problem, no offence taken form what ever you said,like you very long in the tooth . we all have the right to say what we want and lose money when we don’t want (which we all do from time to time).The whole idea of posting on here is to get different views and we all disagree with others at times. Best of luck.
Now folks, Don't take it personally. Oldtimer and I have been around long enough. I decided to cut my losses a while back. It's an approach I have adopted over many years. When I have had enough of being messed around by a company I get out and look at pastures new. I offered the Fundamentals to justify the view I had back in late March. I hope you wont mind, Oldtimer, if I just keep my eye on things. I shall be the first to admit it if I find I was wrong. I didn't get where I am today without getting a lot of things wrong. My "Jump Ship" approach is partially subjective _ I've had enough of PFD going nowhere. Same was true of Royal Bank and BA in the past. I never regret my decisions. To me they looked to be the right thing to do at the time. I take what is left of myinvestment and try to do better with the money. Incidentally there are quite a few shares that I have held for more than 30 years and others I probably would still hold if they hadn't been taken over in a cash buy out or bought by overseas company. I hope you all have many other investments that go well. Very good luck all round. I'll still keep an eye on the sp. Best Wishes NB
A lot of big II's and directors have just thrown their money away for nothing then, having bought up the RI ect ect. Not to forget the equity placing at a much higher price. Can't see GD ever getting another job after this.
I've been away from this board for a while - but a month or so ago I suggested that PFD was going to go down rather than up. I think I have been proved right. The trend is still down and so I maintain my view - This will drop to nowt. Somebody ( a hedge fund?) will see a price point where they can turn a profit and just buy it up. Shareholders will get what is offered (likely to be less than 50p). There will be no choice apart from holding on to a Cert with PFD on it ( Though I guess most folk these days have their holdings in "electronic accounts"). Look at the fundamentals - since 2009 Net Assets have dropped from £1064M to £17.9M. -- -- Return on Capital employed has moved from 321% in 2009 to MINUS 28% last year (So debt is again growing) AND now "best of all"!!!! - Net Asset Value is -154p ( So your rights shares which cost 50p actually bought £1.54 of debt). I did say "Good money after bad". I applaud those who are in with "Blind Faith" in the BoD but I would have thought that savvy investors with modern gadgets for calculating values, trends etc would have seen through this. Get out now while your shares are (worth???) more than 50p. Jump ship. -- Only TEARS to follow. I'll look in again in a while ... ... NB
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