This situation is going to be with us for over a year.. PFD are now in a position of strength.. in 12 months time this could be many multiples of where we are now..
Share price is being controlled by Gladstone holding onto their short position... need some positive news to get this to move to a more realistic valuation.
It is not priced in at 3.30... this is going back to above 4 pounds.. not many companies paying dividends and RDS and BP have confirmed they will.... Let s not forget... GULF spill BP was trading at this level with 3.9 Billion in Liquidity... they have 40 Billion in cash and liquidity... see you all back at 4 pounds..