The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
LOL.... @tony99999 you are spot on! :-)
I take it you broke my cryptic code not that it was a very difficult one... ;-)
You encouraged the Bombshell to invest in PFC? I suspect like many others’ partners here she’ll be leaving you in short order. Not sure how easy it is to escape your self-imposed Noby Re prison island though haha.
LOL... @Badvoc good to see some humor on this board. My response would have been in a similar sarcastic manor :-)
Here's a cryptic tweet that will back up at least some of what I am saying...
My wife is a beautiful Blonde Bombshell... Before she became a stay at home Mom she worked as a nurse for one of London's top Private hospitals which is where I met her in my role as Regional Director of the Private Healthcare provider. Her claim to fame is that she nursed David Attenborough back to health post hip replacement surgery. It was during this period that David recommended to her that we travel Madagascar as it is favorite country in the world because of it's rich diversity. We took up his advice and the rest as they say is history...
After 11 years of focusing her attention solely on the Children she too wanted a new challenge so I encouraged her to set up a share trading account and start investing in shares. PFC was the 1st share she ever bought and needless to say she is very passionate investor who I can guarantee you knows more about this share than most.
Her passion often results in her posts on the Petrofac social media account on X often being removed by Petrofac. However there are still a few that remain on the Petrofac X platform..... She refers to our family as Hillbillies...
I am pretty sure that most of you will figure out how to find her and you will see enough to recognize that I am speaking the truth, all I ask is that you respect her privacy...
I'm pretty sure that once you have figured out that I'm speaking the truth you will have more confidence in what I'm saying so let me know if you managed to come right?
What I would also like to point out is that my wife is my everything and I will do what it takes to ensure that her 1st investment is a winner no matter the cost!
Enough banter...
Best of luck all & have a great day!
Wow TotAlLies, that's my exact story also, I was retired also at 39, and live on an island called "where the f88k are we"
My military background has aided me in life and investing (My full record is available in Call of Duty 5 chapter 4), I don't like to talk about it but here goes..........I was part of a Special Forces team who was imprisoned for a crime they did not commit; we escaped to the Los Angeles underground and today this we survive as soldiers of fortunes, oh and investing. we are out to clear our names.
For all mercenaries, please contact my PA known as Face Man ....
@ge0rge123 perfectly acceptable to ask that question and you can choose to make your own decision based on my answer.
I am a 46 year old South African born British Citizen, Both my parents are British and they emigrated to South Africa 52 years ago. I spent the 1st 14 years of my life in South Africa before returning back to the UK where I studied and later worked my way up the ladder into a Director Role on a FTSE 250 business. While I was involved in that business I was heavily involved in the import arm and I recognized a opportunity to import Fruit & Veg from South Africa into Europe. I later sold that business to a listed company for more than PFC's current market value.
I retired at 40 moved to a small Island off Madagascar called Nosy Be. Where I have now lived with my wife and 2 children for the past 6 years. One would think that this is the ultimate dream the truth is you can only sit and stare at the beautiful sea for so long before you get bored. I have a mentor that is widely regarded as one of the best CEO's in the UK and he encouraged me to look for something to do to give back, so I created a very small fund which includes a few retired ex-CEOs that wanted to make a difference by investing in struggling business that have the potential to make a difference and it go's without saying that PFC fits the bill.
Why am I telling you this? It's certainly not to blow smoke up my own ass that I can promise you... I have a bigger plan which will later include all of you PI's (shorts included)... because if there is one thing I have learned during my time that we have been invested inPFC is tha PI's get the ass end of the stick more often than not and I have a plan that will turn the Odds in our favor.
You see it would be a risky business for me to come out and tell you all of this if I couldn't back it all up, especially considering I have told you my agenda...
Spot on Poker
Of short positions are closing then they expect a spike. They therefore expect positive news. Of you can get away with market manipulation why not manipulate it? You buy a few shares to push it up a bit. Then crash it and buy a ton of them as the PIs and day traders bottle it. Then sit tight and wait for some totally unexpected good news: an asset sale as well as upfront payments and legacy payments have saved the day but to cap it all there is talk of a takeover or joint venture and a couple of billion in new contracts! I mean, if you can buy 1,000,000 shares for £200k one week and two weeks later flog them for £600,000 who wouldn’t? That RNS served a purpose and that purpose was to make someone a ton of cash.
Good post, Pokerchips. Some calm and reasoned thinking, during a period of (understandable) uncertainty, and thus extreme fluster, on this BB.
I just hope some of the posters here who clearly have, or had, a lot in this one are OK, if you understand my meaning.
While we are all entirely responsible for our own investment decisions of course, you do sometimes wonder whether some of the more...unscrupulous directors of listed entities ever ponder how some of their actions might have largely, or entirely, led to avoidable catastrophic consequences for so many people like the poster a few here have alluded to.
One that I hope is doing OK also, and who I hope posts here again soon just to confirm so.
RealityBites,
I am not sure Walter Mitty has a clue what will or wont happen,..but given the RNS has given some clarity from the March Update with regards to the lenders and the direction of discussion towards a D4E then I dont think it can be dismissed..
I sense some holders somehow think the debt will just disappear or that shareholders should somehow have no part to play in its solution
There still seems to be some lack of understanding with regards the fact that shareholders are at the bottom of the food chain, with minimum Equity value in the business (probably zero by year end) ...and that rightly... right now the lenders have a greater priority .
.. if the lenders like the banks demand their money back then it is quite possibly goodbye Asset Solutions....although one of the ideas could well be for investors or even the banks to take a stake in Asset Solutions, which would be ring fenced from E&C
I suspect that if there was ever an EGM to vote on a vote of confidence the motion would soon be withdrawn once reasoned understanding of the extent of the background work was known
IMO
Interesting call Tallies...no D4E?! Wowsers. Think that would be good news so hope so.
Although how the fix financing then becomes the question.
Ok pal ....another Walter mitty character no doubt...get back to work those shelves need stacking
My PA oh please......stop giving it Billy big banana's....
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
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?
- 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!
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!
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
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 👍