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After maybe 6yrs holding PFD as my only share (all my savings!), and an average SP of 42p in the end, I'm afraid I'm finally out today, thanks to a stop loss I'd set at 85p. Really think it's worth £1-1.20 but when has PFD ever been worth what it should be? My issue with PFD is that they still they have nothing summer-based to sell.
Wishing you all the very best of luck - and if it returns to 50p (wouldn't bet against it), I'll no doubt be back in...but after thinking for a long time I was going to make a big loss, I'm actually ecstatic to be leaving with a 100% profit.
Obviously, now I'm out, a takeover will be announced at £2 a share ;)
I am in a very similar situation Guttedman. I have just sold 50% of my holding at 100% profit. As you say, I am sure a t/o will be just around the corner. Having said that it feels wonderful to have taken a huge amount of profit out of pfd after 10 years on anguish
This is the main reason why the sp has gone down in the last 48 hours. The sp has risen considerably over the last few weeks hence people that have been in for a long time are now deciding that they would rather bank profits this time around. Fair enough but the fundamentals have not changed here. Compared to 6 years ago when sales and profits were falling and debt was increasing it is now the opposite.
Sales are increasing and have been for the last 11 quarters especially Mr Kiplings which alone has been phenomenal. Profits are at on all time high and debt is being reduced rapidly which means considerbly less interest to pay which means higher profits later on. Alongside this the pensions agreement that has just been signed means less funding will be required for the pension scheme which agains means more bottom line profit later.
The future here looks good. If people are going to get spooked by a 10% fall over 2 days when previously the sp has doubled in about 2 months then they need to sit back and do their research and make a decision on whetever the current sp is the correct value or if it will eventually correct itself to £2 which is achievable by the end of the year if not sooner.
It certainly does Dogger! Long-time sufferers like us needed to see something back for those years of torment !
And whilst this time things do seem to be a bit different, I still couldn't take the pain (and regret of not selling) of yet another false dawn!
Can't argue with anything you've said thegame316 . Don't think I'll be brave enough to look at the sp next results day!
Good luck Guttedman, you don't need to justify taking a 100% profit, especially after so many disappointments. I've posted before how the long term holders are loving the renaissance but still have a lot of baggage to overcome, hence our nervousness. It's taken every ounce of discipline to keep me from dropping the hammer (have top sliced of course).
I personally think we've only just begun a new (virtuous circle) journey but very best of luck to you.
Cheers ck81, best to you too. Sure your discipline will be rewarded!
Kallumama....tbh I'm taking a breather...I didn't expect the PFD journey to be such a long one. I'm gonna enjoy some of it though by buying a classic car! Few home improvements and the remainder in Fundsmith Equity until I find a new share I like .
Well done to you and please enjoy your profit (don’t forget to pay the taxman) :-) Actually lovely to year some long-termers getting profit after years of pain! I’m staying for the ride, been here before and hope not to regret, but to all who’ve made money - WELL DONE ?? GLA
In my case, I am buying a boat and having some fun......and it comes at no cost thanks to PFD
This pull back bounced right off near the support at 78.80, bounce was big, as was previous bounce from there, next stop resistance point is 102.00, cannot give time line, the trend is your friend, will get there soon,........hopefully
https://www.dailymail.co.uk/money/investing/article-8544389/The-five-UK-stocks-performed-best-Covid-crash.html
check it out!
should you now be called Captain Dogger or Seaman Dogger ?
Thanks Kall.
I will of course continue to keep an eye on your posts while I am bobbing up and down on a gentle swell......with one hand on my fishing rod, whilst cleaning out the heads (boat language for toilets) with the other. captain ahoy !!