The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Millennium Capital Partners increases their short position by 0.2% yesterday
Waiting for the MMs to do their usual and drop it just before it approaches 4:00pm.
GLALTHs
The financials will make or break this share. High risk = high returns or bust. A middle way is soooo boring…
You took the thoughts right out of my head. I was thinking that earlier. At some point they must believe there are better opportunities. The PFC price action must frustrate Shorts just as much as it does us.
End of year results are likely to be published end of April.
Looks like we are going to break out higher - definitely some shorts will be covering leading to end of years which will be published in a less than a fortnight
Https://oilprice.com/Energy/Energy-General/UK-Plans-60-Billion-Grid-Overhaul-To-Support-Offshore-Wind-Boom.html
Pfc should win some contracts here..we might look back in few years time and laugh at how low the price was
Well said, it’s only a matter of time before we reap the rewards of staying long. GL all.
I just had a look at last year’s RNS that were issued in March and April and there was a steady stream of good news that pushed up the price quite quickly. I can see the price getting up to 60 pretty fast if the balance sheet is repaired. With more positive announcements before that then we could possibly see 100 given that the short squeeze will happen at the same time. I think there is a good chance of two more RNS in March and maybe two more in April before a positive financial update. 100 is a very real possibility and no more than we deserve for keeping our nerve in the face of a ferocious short attack.
GLA
A nice 395k buy shares shows information is leaking SP fly soon
I think we can expect good news in relation to sale of non-core assets quite soon. I lool forward to seeing the shorters burn...
Some PI’s are taking the SP price drop, once again to buy some more, definitely some chunky buys last few days
I thought I had written it.........
Old news.......
They may well be playing both ends against the middle,
especially if they have inside info and have been accumulating to offload both ends against the middle as it wete.
MOST if not ALL the shorters must be in profit ?
Personally I'd close and move on, seems to me that PFC is very risky on both sides of the fence but they have the option of closing unless they are all scared of a SHORT SQUEEZE share spike ! and in truth would love to offload.
Boring few day's - A STORM BREWING ME THINKS - happy to be long
GLA
Does someone know something with big buys
Early bird catching the worm
200k and 120k buy this morning!
Lazy journalism. More financial insights on this board than that article
Shahz - On top of debts to the banks, PFC also owed monies to trade creditors.
Carillion was a victim of boardroom fraud if I remember correctly and had massive undisclosed debt. Pension issues as well. But the article is pretty much on point and the balance sheet is, at the moment, f*cked. No point saying otherwise as the BOD has admitted as much. If they sell some assets and/or renegotiate debt terms most of us will be as well. We need a Hail Mary RNS as well. 100 is possible though and you have to be in it to win it.
Going to the moon 🤦
Idiot shorts
Sharz - Remember PFC have subsidiaries in other countries. If one or more of them made profits then they would have to pay local taxes !
It also said that it would face interest payments of US$80 million, which also seemed strange for a company claiming to be cashflow neutral, and having less than US$400 million in debt as this implied a 20 per cent interest rate.
Petrofac said that it expected to face a tax charge of US$25 million to US$35 million in 2023, and tax payments of US$70 million to US$80 million. This seemed strange to me, given the company’s consistent run of losses. Companies that are losing money tend not to pay much tax