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Still holding a substantial amount- could go go 15p yes but within 6months we will be back up to 60p+. Or indeed a take over looming with an rns in the morning, u never know with pfc! GLA
The more I read these boards the more I realise that there are some REAL BIG fish in this pond, I feel very SMALL now swimming among you boys :)
I was only holding a tiny 'PUNT' amount in this share and still managed to loose 50% ish.
Good luck to all those still holding, i wish you all the best. I'm happy sitting on the side lines for now, licking my wounds :)
Well I’m out just dumped my 450000 shares in two trades, lost £138k to risky for me….
Good luck to all risking it
Big spread of almost 5% between buying and selling prices. No wonder there's such a small number of trades today.
RealityBytes
Bondholders look to be in the stronger position at this stage ..
The bonds have sold down nicely with some shorter help no doubt..... I suspect few initial buyers will still be holding at that Issue price.... I suspect some Hedge Fund scavengers have worked to buy some at low prices and take a very good yield coupon
The Bondholders may well know the bond wont be paid back when due and it is in the company best interest to have a D4E default , ..so the bondholders are quite possibly now pushing for the best Equity Discount they can get, ...maybe with intentions to sell some at a profit if a relief rally happened after the solution is complete ..all remains to be seen
Key shareholders will of course want to bargain for a softer Equity Discount ..so..the two sides discuss whilst Aiden chairs their views...I suspect...meeting somewhere in the middle or tilted to the bondholders advantage to get the settlement agreement
The BOD just running the day to day business
IMO
🪦 ⚰️ 💀
It seem that shorters start to close their position and share hold on thus price range. Last time when they didn't close when share price around 20p but this time why do they close? There are some good signs that tell them time to close as longer they hole shorte open more money paid on daily interest and if company can find other solutions they will be gone. . Yes this company CEO involved on this short attack and hint some info as money concerns. Keep an eye on him as crock and he have extensive experience on bankruptcy other company before when he was director.
Petrof’kd
Peoples block you are shorters so we dont need to chat with you . That is why dont feed shorters as they will flood with non sense negative and no true facts.
I see Ever-Troll is back in the house, I’m ok as you stated you blocked me.
Must mean all the short mouthpieces are out in force this morning......
🪰
Bond prices still scare me though.
But do think there's a battle we don't see between those big money insider LSE types.
Major shareholders (115 placing lot? O tooke a few of thosefor my own stress) V bond holders..... bond holders now at 25p in their pound. Share holders not done that well by todays prices .
God knows what all that means...but theories running rampant in my own head....
So would welcome some other thoughts, theories and analysis.
Understand the logic simply.
I have gone over a few dilution scenarios in my head and although I still think I"ve taken a big gamble and could be wiped out....took the gamble anyway.
What's it worth with hardly any debt? 100mill? Doubtful. A several billion...probably not. So what, 400mill, 500, 800 feck knows. Hard to tell as I've not seen the contracts for all that 8bill of work.
Why did lending costs on the shares go up?
Where did that story come from and what could be behind it?
Scratching my head a little at that one....
Probably see another shorts reduction tomorrow.
Hi Beadlem - I agree with you that the shares would even in a share offer scenario be worth more than the share offer price as they have a huge backlog and the financial distress would be removed. What I was highlighting is that a 10:1 dilution in shares does not decimate the share price as the added value is added to the value of the company and even if the raise was priced at 15p it would not have a huge negative impact on the share price as it is already at only 23p and the most it would go down to is the raise price (which would demonstrate if sold out that the company is highly valued and the offer price was too low) and if offer sold out then I have little doubt the sp would be over 23p where it was when I made this comment. It would not be a shareholder wipeout which the previous person was stating and likely have limited impact on current sp and at this price not a total loss.
Could be results tomorrow.
Shorts 'getting' an easy exit.
They could have exited at a similar price throughout March, didn't.
Had a few of them squealing this month due to increasing their position size and price almost touching December highs.
PFC happy to help preventing the squeeze.
Tells you all you need to know IMO.
Short funds buy order being filled - normally with the volume of sells early doors the price falls back it was held at 23.1 most of the day until the last 20 mins
A bunch of buys going through
Yup..sudden jump
For the jump in SP?
yep the board are clearly ****s
Well, I can understand your frustration; while I have no such convictions about that myself in the case of the BOD here, a couple of things made me bail.
That extremely tardy Schroders holdings update was a strike, but especially that (IMO unnecessary) further mention of possible D4E after some good SP momentum.
The financial position of the company had already been covered previously. There was absolutely no need for the reiteration, as far as I am concerned.
Throw in the historic failures, which did not impact me at the time, but nevertheless I counted in the 'strike book' so to speak and that was enough for me.
But it remains on my radar. I had some good trades here and never say never as to a potential return perhaps, but happy to be watching from the sidelines for now. GLA.