Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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What’s wrong with holding and tripling up if we get 10p on Tuesday morning. Ul all be kicking ur selves u can’t buy back in when this rns gets out- it’s pfc ffs so anything is possible!!
I think today this board has generally been as honest as we are going to get on good reasoned opinion. To all that have contributed I am sure those of us that have been watching on the sidelines will have found your views helpful. Thanks.
One comment though. Is Tuesday's announcement definitely the final 2023 results PLUS the balance sheet strengthening and way forward? Perhaps someone can clarify. If not I hate to think the mkt reaction.
I agree it can be exasperating being accused of being a ramper or de-ramper on these chat boards.
The trouble with non face to face communication is the ease in which misunderstandings can sometimes arise.
Especially when emotions are running high and a lot of money is on the line, or has been lost.
Hopefully a positive outcome can be achieved for shareholders.
If there is a take out at a premium to the price right now, or a premium raise, or a D4E around this price, then I will be happy for holders (and will at least try not to be sad for myself!) - but I will not retrospectively deem it a strategically poor original decision, based on the formal information that we have to go on at the time of print.
Before this time next week, all will become clear. GLA.
I happen to agree with your comments, but think Pfc has at least been good enough to for warn of the impending debt /equity and in doing so giving investors a chance to exit and if desired return at the diluted price
Sorry !!! Wrong board. Apologies
What debt exactly??
LWHL
Fair enough but I think anyone who claims I’m a shorter is ranting. My posting history, here and on ADVFN proves otherwise.
The share price is being propped up by shorter closing because the borrowing costs have shot up.
I’ve said before that the risk reward absolutely screams sell and wait for the restructuring RNS. A D4E is odds on and there will then be a massive stock overhang which will kill any/significant upside even if a decent swap price
But the downside if a low D4E price is potentially horrific. Why take the risk?
I agree SM66..! I sold up last week at 20p and 12k loss! I was overly optimistic for far to long whilst watching the SP get eroded week on week! I naively thought the new contract awards and extensions would pave the way to a brighter future but you can’t ignore the overwhelming debt which has been dragging this company down. I like you will wait until that debt has been addressed and the BOD can demonstrate a clear path forward. Only then will I well jump back in and try and recoup some of my losses. Let’s see what happens next week. GLA
Paul
You may well be correct.
Personally, I’m as good as completely out. However will jump back in after the big day as long as it paves the way forward for the business. If 4p is reached it won’t be for long as the shorts will be fighting for the exit.
Paul: I generally agree with you about the direction of travel here, as I have intimated before.
But I have never seen Mary rant on these chat boards before, so disagree with you on that point.
And quite frankly, I would not bet against her either.
But I am equally not going to make a financial call on such a basis either.
I am genuinely puzzled as to why the price action has hovered around this level. Someone always knows something, sure, but whether that is the shorts, or the longs, well, not long to find out. Good weekend all.
Ok say ur right 4p then back to 20p the week after. Hold keep eyes on long term vision!
Animal
I can’t remember the details but there was a 100:1 share consolation so current share price c. 1p old money.
Bottom line is that if a D4E where BH’s get ****** then existing equity gets valued at a market cap of c. £25m. The value of the listing. That’s circa 4-5p
Mary will rant that I’m a shorter but I have a long term posting history and I value my reputation as such! We only have a few days to wait…. There will be a major D4E and odds are at a low price
Usually days before an announcement the share price increasing means a massive decrease, is this the opposite. whos knows? probs some insider dodgy Cr*p going on either way.
PC , looking back at the GKP D4E case it seems existing holders got diluted to 5% however the SP went down by 40% or so after the D4E process. I assume this because of reduced debt, increased MCAP and uncertainty? Any thoughts …
Indeed things gonna get bumpy for a bit - a little take over bid or a drop to 5p would certainly rattle a few but stranger things have happened with pfc. Either way long term this is sound. Get the bumps over then 🚀
DK
It’s very expensive to short PFC. Shorters have to borrow stock from Institutions to short and according to JN on ADVFN current overnight rates are 350%. This is because Institutions are calling in their loans so that they can sell their equity, squeezing the shorters. I assume some have better locked in borrowing arrangements than others.
Those shorters with secure locked in borrowing positions are obviously still hoping for 5p.
PFC can publish results now but the going concern statement will spook the markets. I’m sure they will announce next week but clearly better to sort out the restructuring first if they can. Hopefully no news now means we are close
One thing we can all agree on is let’s get it over with!
Hold your nerve time. Next weeks a big week for pfc. My guess is sorts will be wishing they reduced!
Is Aiden the Receiver....
Because that's the only person thats going to deal with Petrobust....
I hope you are right MaryBr but there has been such little short reduction and that last RNS just destroyed any hopeful speculation, we just know PFC don’t give two hoots about its shareholders. Never was its pinned tweet on moderating its social media more necessary. I really believed in a recovery, love to invest in engineering and energy sectors especially ones which I think might have an edge. Got this one wrong. Fooled by a terrible CEO and BOD. Really terrible all IMAO of course but thems the breaks.
Apo
Aiden will be the hero and sort it all out. Soon be a RR. repeat.
A lot of buys coming in as sells. Shorts reducing. Game on.
Can the company release the 2023 year result without financing solution confirmed? If not, I guess the result will be delayed.
Trades of 21k going through as per the last few days. Short reducing and trying to keep it under the radar or is someone accumulating?
GLAGLTH
Yes it could be a wipe out but where there’s hope, there may yet be honey 🍯. GLA
Over on the Tullow site this d*ckhead has announced he is SickRanchez in a new profile because he was banned.....needless to say I will report and block