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Shares creeping up slowly - only just over £3,000 out of the money now!!
https://www.shropshirestar.com/news/uk-news/2022/09/21/government-to-pick-up-half-the-tab-for-business-energy-bills/
Threat of further WFT reducing?
Delayed a day due to QEII funeral I think I read somewhere
Haven’t checked but Barclays smart investor ate usually on the ball so should be on my account already
Big turnover in PFG on Friday accompanying significant move upward - be nice if it is start of a recovery / re rating of the company as sometimes I feel I’m worshipping at the altar of the unknown share
No sooner has the ink dried on this pist it’ll have gone down again but I was pleasantly surprised to see a 3.8% rise today
Then again :-)
Disappointing move today
I guess rising interest rates and general market gloom is to blame .
We need positive news this month not prevarication
Two sizeable ordinary share trades of 417193 today but shares down with wider U.K. market following Wall Street
We’ll it’s been a better week though maybe a few people picked up on MLM statement.
I assume the modest rise might be related?
WFT is a bit like a hosepipe van followed by torrential rain
If oil profits evaporate no doubt the government won’t rescind it? They’ll tax historic profits ignoring the critical impact that’ll have on investment
Exactly- oil has capitulated on recession fears and maybe on a downward spiral - I’m thinking best sell and look to buy back at lower price - I’d separately posted about this asking the question but the answer is now clear
Now below $90
Can someone concisely explain if it’s demand worries or supply hikes behind the significant drop and how She’ll SP is holding up relatively well?
Wow
Sounds like a plan and I totally agree
Pleased you’ve got such a large position as hopefully you’ll do very nicely out of it!
Good luck
Nomad1
SP relative to OP is at a very high multiple
Boyobach probably best suited to answering that though as he tends to follow that technical stuff :-)
Littleaston
One of the few benefits of a weak £ !
Theborn
I’m one of them!
I’m doing a lot of 0% balance transfers and cash withdrawal for fee as credit card company is begging me to do it but I’ve money in bank to cover it and am happy to spend money to help economy especially restaurants and hotels as won’t go out in winter due to health issues
If PFG can’t make money at this game they should go home
Agree their share options should be under water giving them incentive to do better!
I thought about firing a shot over bow of friend who is senior management level at PFG with obvious caveat and mutual understanding no price sensitive information would be disclosed just making observation their communication with shareholders was shocking which wasn’t their direct responsibility but I’d expect response would just be the SP fall in line with finance sector being the party line no doubt so I think I shall just have to wait but SP does seem to be supported at my stop loss of 170 with divi so I’m going to hold on until there’s an announcement to market that’ll determine if I was right as selling at this level would lose me £2 a share on at least 1,000 of my holding and that’s ridiculous given the company isn’t losing money
I just don’t have the courage to buy more but if my other share SHEL were to go up significantly I might risk it as am too heavily into a sector that’s unpopular for obvious reasons and makes me feel a bit uncomfortable but to be fair at home we’re paying the price for our energy use without quibble and our bills are high so I regard it as a natural hedge but do worry about those less fortunate which is why I don’t complain I’m £4K down on my holding of 4,000 shares but did fancy putting a 5 in front of the zeros if circumstances were different if only to give me a CGT tax break and a bigger upside.
It’s really though just picking red on a roulette wheel and I’ve a wife who’d beat me to death if I got it wrong!! ;-)
Not huge volume but a lot of blue on the screen
I’m hoping the share will hover around the 165-170 level until and at least after the next announcement or go back to NAV level - if full year repeats first half profits these shares really are due a re rating - the only contact I’ve had with company suggests fall is in line with sector but that is questionable as most financial and banking stocks have recovered
Will go quiet now until we get some news I can comment on as speculation is pointless ????????????
Pooks
It seems to be finding its level albeit ridiculously low but could still slide if management mishandle the next communication as there’s really no margin of safety now in terms of missing profit estimates for full year