Member Info for Barrieprov

I agree with others have for now ignored my stop loss though will not necessarily do so if the price falls much further

I’m going to speak to company to needle them about their total dereliction of shareholder comms and parlous state of SP and won’t accept vague answers

OK I’ll put the commentators curse on SHEL butvBrent falling and price remarkably stable?

Maybe it’s what Boyobach said about the rollover of the futures contract?

Thanks Theborn I’ve resisted urge to cut and have been rewarded by a slight reduction in decrease in SP

You’re right about it being small fry and doubts over effective comms and I’m crediting tge management with too much

GLA

Now it’s falling

Littleaston

I just love being wrong!

I really love it

Oil down SP stable

Yes they’re down into 160s so I’m in stop loss territory but will wait to see how they close and only sell 500 for now which will crystallise a staggering loss of c £1,000 on that tranche which I’m most reluctant to do but can’t take the risk of the shares going down to zero

If there’s bad news then the question is has anyone leaked that to the market or is it simply no news is bad news?
In other words if you don’t tell the market you’re on course to make £100m in the full year is the assumption you won’t and then shares are fair value at £1,50??

GLA as DYOR seems difficult when there’s no info

Brent contract has sunk to $98 so on a 23:1 multiple I’d expect shares to plummet to 2240-50 level having nearly hit 2400 today - oh to be a trader

The street is heading down a second day so I’m expecting banks and PFG will probably slip further as it seems to be tarred with same brush though never goes ip when banks recover.

It’s almost as though the market doesn’t believe the 6m profit will be maintained for full year as if the company makes £100m profit it’d be crazy to see the shares at such a deep discount to NAV

I’m very conflicted having set a SL at 170 x div but am beginning to worry some shock will be delivered by the management that somehow the market has anticipated albeit there’s no likelihood of a leak by the company as they’re tight lipped

If I had more money I might just keep buying but that’s too risky still maybe I’ll hold until we hit 150-160 by which time I’d probably accept something really was significantly wrong as that’d be an all time low for the share

GLA and I’m certainly not advocating these shares are a buy so DYOR as far as you can and keep asking questions of the management if possible

Indeed Theborn

Think I put commentators curse on it earlier by saying it was up

Bounced off stop loss territory this morning but I’m so far out of the money it’s not really noteworthy

May have missed a selling opportunity Boyobach as Shell which was up 60 now flat as oil eased back but it’s staying firm on the 23:1 trend at present

Will be interesting to see what happens when Brent futures contract rolls over

Oil has lost some of its shine as far as the Brent contract is concerned but still well over $100 so if the 23/1 ratio is maintained we should see a decent opening
The kicking Wall St got after Powell will probably hurt the wider market as US was down again yesterday after looking like it might have stabilised

Hxulcolrdoh
I bought 500 of my shares at 355 on 21 Jan which is 7months and 1week ago and am on the brink as regards a SL of 170 so over 50% down but my total holding is 4,000 shares of which half was bought over £3.20 and only one position below £2 at £1.86 exactly a month ago so could quite easily cut my 4,000 share position in half - feel same way but it’s a question of wondering if the management will deliver a nasty shock at year end on impairment, costs or some other provisions after which they’ll give themselves a slap on the back and the shares will fall to £1 on assumption the business will earn on tough times ahead for their customers struggling with unconscionably high energy bills and 4% mortgage interest or much higher rental costs! Hope you’re right and I’m wrong as lost money on way down as a result of holding too long when the pandemic crashed the price!

Boyobach
I’m tending to agree and might follow suit with some of my holding as likely to hit a SL on my other share early next week

Unfortunately I never quite separated LTH from separate trading tranche so have everything just averaged out at £16.26 presently having taken profits on my cheaper acquisitions on a FIFO basis. Still with dividends added in plus realised and unrealised gains I’m on the cusp of £25K in the money which is a fortune for a bit player like me and never going to be repeated so maybe like you with so much uncertainty ahead I maybe should be heading for the door!

It’s another week over and Wall St has lost its bounce after Powell’s pontifications so I’ll have to wait a little longer but the politicians will be looking for red meat to throw to the masses they want to continue self flagellating by voting Tory and to pinch a line from that well known financial TV soap maybe it’s time to say “for that reason I’m out”

GLA and enjoy the BH weekend

Looking at the chart for PFG is pretty depressing as with the exception of the immediate post Covid slump in share price PFG has never been this low for as far back as I can get info

I really wished I knew if there was some threat that could render the company insolvent eg some precipitate action by FCA or a black hole in the accounts or some other reason to justify my triggering a stop loss that’ll lose me over 50% of the price I paid earlier this year on the first tranche of my holding as otherwise I’m in danger of doing the reverse of the frog in hot water and freezing to death along with my not insignificant investment in this share.

Luckily though some would not like it I filled my boots with Shell albeit not with as much or at as low a share price as I should’ve in hindsight so have decent profits against which to offset the capital loss but I really can’t believe how utterly incommunicative a bunch this BOD appears. The words shareholder relations truly are an oxymoron as far as this company is concerned and I wished someone would just buy the company and put us out of our misery but sadly that’s not how it works for the likes of us small retail investors.

Ah well rant over and it’s very much every man (or woman - let’s not be sexist) for themselves. I may adjust my stop loss for the sake of a £100-£200 recovery to the level of its lowest historic price which no doubt someone on this BB can confirm as I still hope the next update may at least confirm the business is actually on course to repeat H1 and has some prospect of continuing to make money sufficient at least to justify a 240p SP in line with NAV as has been mentioned elsewhere on this BB though it’d be fascinating to see broker target price for this beleaguered company.

GLA and Happy BH weekend!

Fed chair has p*ssed in the drinking water as usual and the market has turned tail so I’m again close to my stop loss but may not hit it today and if I do maybe I’ll buy back at an even lower price albeit my next SL is 160

GLA DYOR

I echo the sentiment

It’s a pity I’ve a friend on the inside I can’t ask for obvious reasons

I’m holding purely because I’m hoping it’s a company with value that is being misrepresented but have no evidence to base that judgement on other than I’ll read the financials and try to make sense

The year end results will be the final decider and any further prevarication will I think doom the share price and one assumes the best outcome would be a takeover by activist shareholder who can kick MLM into the sunset to bore his care home buddies with stories of past and present greatness

It’s bounced off my stop loss and I’m going to hold for now as will be crystallising a big loss on even 1,000 shares that’ll only be justified in hindsight if the company goes bus.
Everyone needs to consider their appetite for risk and DYOR if there’s any market intelligence to be had which is questionable - problem is we’re a good while away from any Q3 update do the shares will languish especially when they drop out of FTSE250 - if I had deep enough pockets I might continue to buy but it’d feel like I was putting it on 19 Red

Shell is holding onto 23x $ price for Brent futures currently while the other share I’m in PFG ploughs new lows and is about to trigger a stop loss so at least I’ll have some money to reinvest but whether it’s Shell or I dip my toes in BP for first time in a much smaller way as well I’ve yet to decide :-)

I’m getting close to hitting my stop loss on this share
Can’t believe this is happening after a decent set of half year results but it seems investment community has lost faith in company and doesn’t believe full year figures will reflect 6m possibly due to deteriorating economic picture and impact on poorer members of society?
Also management appear to be in La la land in terms of communication with shareholders
I’m heading for a second big loss having held on too long and then sold out too late when Covid arrived