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.
Agree Badvoc. Shorters ain't gonna suffer like most want them too. OK sometimes they get things wrong but most of the time they know exactly what they're doing, and like you say we haven't got a clue what prices they will start buying back. Those late to the party will want out first but like you say the price spectrum is probably quite large. If news is good then ok initial rise might be to 50p, but it will have to be very very good to spike up to 80p and beyond in short space of time.
None of it really bothers me 'cos I'm here for the recovery, next 2-3 years, and even then I will still hold some for longer term.
I'm not counting in bad news. I believe they will come out ok, and if there's a place prepared for me on boot hill then I've only myself to blame and hey-ho - what the f...!
You reading my mind Ivor…. I don’t like Dodge and been here for far to long 😂
I think those two contracts mentioned in Meed will be confirmed in an RNS that sets out the balance sheet solution along with year end results. There are quite a few automated buys pushing up the price today. There will be a short squeeze when the RNS drops. A 100 spike is possible and I hope I have the bottle to wait for that before I get the f%#k out of Dodge!
Haha if it's a good update then it will be a party to remember
DK2020 - The 24th - it's my birthday - lol.
I reckon rns end of the month for their update. What' date is everyone else betting on ? Clowns not included
Advocate that scenario could lead to the GOAT squeeze and 80p would not be the zenith.
I think what some on here may be missing is that OK the shorts are at 11.23%, but this was already at 2% (ish) in October when this current larger short started. So therefore 2% of the shorts may be in the higher value range of 70-87p, so they may not need 60 million to close, one case scenario they will need approx. 40-48 million to cover loss at this level (who knows).
Shorts peaked around early Jan so until then the share price was reducing so Shorts could be all over the price spectrum from 87p down, so shorts could exit at levels all the way back up. I don’t think you’ll see the GREAT squeeze some hope for, maybe on 2-4% ?
Over the last 5 years PFC has constantly got shorted between 0.5-5% (higher at times), never has it NOT got shorted in that time frame according to the charts. In April 21 for example the short was approx. 9.2% and the share price 112p, shorts over the last 5 years if you compare the percentage of sort and the share price, it isn’t a massive impact on share price (compare the 5 years charts), the current share price is probably market driven (negative sentiment), not solely shorts.
Also don’t forget Shorts can swing both ways and place long positions to counter act any loss (this would aid us if the share price rise).
Still hoping for 80p+
Shorters cant close thier position now as soon as they buy some volume share will shot up very quickly .MM know that and they dont let them buy millions share easy. Hiw can they buy it now? Yes longer they hold more time PFC will vome out with better out come so they like to close but not now. Let wait and seee and one thing for sure this company can beat them all with greate RNS to kill all of shorters.
Max
I've struggled with the issue of shorters closing, why haven't they and like you say, at a profit too.
I think they will all rush for the exit - stop as the price becomes an issue - then try and short the hell out of PFC again at 80p plus !.
The good news needed has to be a steady flow for years in my opinion.
I'm happily heavy into PFC, exciting times
60 million shares available for purchase might be a little difficult to come by when news drops.....
Not being a sophisticated investor type, but why ...
If you were being paid to manage someone elses money and had opened a short at 70p or 80p, then seen the sp fall all the way down to 15p and only to settle in the low 20's, why would you keep the short open and expose yourself to the risk that PFC's management pulls an iron out of the fire (or a fast one) that sorts out the financial issues ?
Why not take some decent money while you can ?
Surely keeping the short open isn't worth the extra money from any further falls in the sp when viewed against the risk of getting it wrong ?
Or is it that because you opened the short at 70p to 80p that you are banking on being able to close and still make money, in the event of a short squeeze that starts from down in the 20's ?
Evan, it is for sure higher than they want to be paying on my end. Clears £1 and I might be interested but it’s been a painful six months so maybe I won’t be so charitable. If there is a financing solution with D4E then they are well and truly fooked. However it’s PFC and we all need to give our heads a wobble and realise anything could happen +/-
The scramble there is goingto be when the shorters are attempting to buy back 60 million shares and not be the last sucker left holding a short position.....
Imagine what price you would happily sell your shares......I will bet it is at a much higher level than the shorters need to buy back to stop them losing fortunes.....