Member Info for Barrieprov

hxulcolrdoh

You’ve confirmed my view about possible reasons market punishing shares

Interesting bounce today up 12.80 currently

Big fall in Shell despite OP rally so it’s probably that statement that’s triggered drop

Will do Pooks well done for research

Could be
Certainly bonds rallied from recent falls
Sunak is the polar opposite to Johnson, focused, hard working, intelligent and honest but ultimately he’s no grasp of the cost of living challenges for ordinary people so his ability to make a difference to ordinary people maybe limited as he’s a practicing austerity supporter. It’ll be interesting to see where he stands on WFT

A buy but at less than opening price

I’m still in hanging by a thread - SL of 130 I might raise to 135 to pocket £50 but maybe that’s being churlish

Theborn

Thanks I agree

Shares have bounced off low for day and I noted more buy than sells so will look for uncrossing trade to explain it

Also TU nothing but upbeat but devoid of quantitative content

Think perception is even middle class people will default on loans as mortgages spiral out of control

Petr

Good luck

I’d like to hold but I’m just worried I’ve missed something and as has been reported the management are intent on covering their arses by not committing to a quantitative forecast of the end of year outcome which I’m guessing is being viewed with suspicion

Theborn

I’m gutted as no way did I want to give in and crystallise a huge loss on a small position but I broke the golden rule of not sticking to my stop loss which I think I set as 160-170p ahead of the results and we’re 40p down on that in no time and I’ve been too caught up watching the circus that is the Tory government to pay attention to what’s happening to my own money which is pretty daft

My revised SL is 130 and I may see that as soon as today

Those people who bought 200,000 at 158 are already £50K out of the money if they weren’t covering a short which it now looks likely they were as nothing would suggest it was the right thing to do beyond fundamentals which frankly I should know by now is the last thing the market pays any attention to - hope you and the other regular posters on this board are doing well enough elsewhere to cope with the disappointment you must be feeling

Sorry

I’m going to have to cut my position as can’t risk losing all my investment

Good luck all I’ll continue to hold but reduce again if shares breach 120

As I said I’ve no opinion but enough is enough

Someone out there is determined to decamp shares or there’s a sale building up to supply a buy order or someone is taking advantage of management failure to communicate and I’m worried their ambiguity might be hiding bad news in full year earnings as yield now well into double figure percentages

I think there’s unfortunately the possibility of a problem with accounts - I’ve no proof but something is wrong when s share keeps falling for no good reason and there’s no such thing as leak proof share info - sadly been here before

Shell down on Co tightening grip on Chinese economy and emphasising stability and security so China demand rebound is going to be delayed and OP drifting off on back of that sentiment IMHO DYOR

I’m going to shift some money to BP to get a better yield but remain invested in Shell at current level as can never guarantee to time buying dip correctly

Theborn/ bigpunt

One thing is sure - PFG won’t be using their shares as consideration for a takeover as they’re an almost potentially almost worthless alternative to cash as far as a vendor is concerned

Feels like a capitulation

Where is the bottom ?

£1 ?

You can be sure there’ll be deafening silence from the BOD as …. they simply don’t care

I’m reminded of frog in hot water analogy
I must confess I’d not realised just how quickly and how far this share has fallen in value
I’ve been here before defending shares on fundamentals and catching a falling knife only to see the company ending up as a penny share and management shrugging their shoulders and am left wondering if this company is too insignificant to catch a bid from PE and will simply be taken private by its management at a very low price, be traded and come back to the market and I’m not sure whether that just ends with a tender offer for the shares at some extraordinary discount to NAV that loses people like me 75% of their investment?

I think there’s an assumption that PFG are going to deliver some sort of shock in their year end announcement
It’s an extremely risky hold now having dropped significantly in days albeit there were significant buys at 158 not long ago I’m wondering if they were closing short positions
I think at some point I might need to consider cutting at say 130 as otherwise the thought of a total loss on a £10K position is frankly too unpalatable to bear
Everyone has their own view on this share and tolerance to risk but the decline is savage even allowing for increased borrowing costs and perhaps the real issue is how many applicants for credit have mortgages they might well be unable to service. I hope I’m wrong and as always DYOR but very recently these shares were trading 30p higher

If this company doesn’t go bust someone is going to make a lot of money at these levels

My average is 275 on last 3,000 shares so I’m going to average down to 240 if I can raise cash and make up losses elsewhere

Thanks Neversellshell22
Lots of good logical points there - particularly interesting aboutcChina but yes with winter coming demand has to increase and we’ve not had a cold snap yet and oil futures already in 90s - I’ll hold at these levels as haven’t quite figured out what my target price should be but by late 20s I should be cutting

Thanks bigpunt Will do :-)

Thanks Theborn

I’m clear now and see the benefit of PRA approval on profits which all makes perfect sense

Must confess I’m thinking of adding at these levels as unless business going bust must be massively undervalued

Biden is taking an unprecedented stance of criticism of oil majors to buy back shares or pay dividends out of profits.

Thinking about that it would weaken rationale to hold shares? If no income and cash becomes subject to WFT land grab how would we trust politicians to make good calls spending money that should be invested in transition to alternative energy options? I don’t want to bring politics into this BB as I understand it even less than finance at the level I need to in order to understand where SP and for that matter OP are heading