Member Info for Ant1986

Have moved PFC to a buy, today.

That's our bottom in too I reckon, book has flipped.

Look at the volume this week, very telling, no waiting for shorts to reduce and that's double confirmation for me.

Left of the exclusivity period.

Not exactly expecting fireworks, probably an extension, while the Cadastre is still closed.

Though I expect that to be reopened mid November, as per the legal advice link I shared.

Agree, entirely. I have fair value way over 200p.

I'd be blown away if the shorts don't come off here or reduce. BlackRock are probably hedged, cannot imagine they are still 1.6% short.

Ha-ha, whatever.

As stated previously, we expect higher revenue across our business this year and an improved performance in the second half, helped by an improvement in our Turbines joint ventures.

At 30 June 2022, revenue in our order book (continuing operations) for the second half of 2022 was$2.5 billion, an increase of 9% compared to the prior year equivalent figure of $2.3 billion.

EBITDA performance in the second half is expected to be helped by an improved performance in our Turbines joint ventures as supply chain challenges reduce.

Not to mention lower interest rates on debt due to cash in bank/debt paid off.

1m UT trade, that's some of the shorts closing out, I reckon. Tomorrow at open could be very interesting.

You're so good that you decided to hold, despite insisting it had a huge fall to go. You were right, but you absolutely don't hold.

Ha-ha, Acuba, the holder. Give it a rest mate.

End of November is 6 weeks away you clown. Have you seen Petrofac drop from 150 to 95p too?

Cannot believe the drop here, absolutely savage!!

I've added, just nuts, must be the pension fund pressure to sell!!

Ah, I stupidly looked at 2021 column. And not entirely sure how to spot the warrant sales.

Fingers-crossed we'll be OK.

And for the record, I'm probably overly pessimistic after HZM. I expect the JV to close end of Nov, which i hoping we have short-term cash to reach.

Cash pos was £1.8m at interims?

Interim cash pos versus activity/costs.

We have assets worth a decent chunk but not liquidated. Maybe the company can borrow against, I don't know. Like I said, it's not the end of the world, provided it's very modest.

When does he buy this back?

As much as I dislike the continual bile chucked out by you know who, we are short of cash.

With the delay and consistent selling of block stock, it wouldn't surprise me to see a £2-3m placing at 3p.

Not the end of the world but the delay in opening the Cadastre has been very frustrating.

I've read folks banging on about an overhang, however, most of the shares went to Glencore and La Mancha. £11.4m were underwitten by BMO.

At worst, BMO could flip £11.4m but it would be madness for the other two to do so at this level/stage in the game. Even BMO need it north to make profit.

There was also a lot of forward selling going on, which I think was clear as day, from 140p+

So much chuffing noise. I know it sucks but it's still on course to make a return for most in my view.

Doesn't stack.

3 big players are at capacity and hold most of the company's shares. Any more buying will trigger a mandatory offer.

Although we now own a 40% smaller pie, it cannot get much smaller.

The next wait is to see if we're bought out or left to run. The latter would amaze me but either will be north from here.

What's the view of the repricing/increase size of CLN's?

Exactly my thoughts right now.

Who can buy? They majors cannot buy and they won't allow themselves to be diluted.

This is the line in the sand.

There isn't the room for more dilution, all major holders are pretty much maxed out.

The next move is the concert takeover.

Must have reduced because they were actually above 25% with cln exposure?