Member Info for Barrieprov

Hi Pooks

Good analysis but shares down another 5 so I’m wondering when does the huge discount to NAV hit some sort of floor.

Still feel I need to understand if PRA decision could shut down company if unfavourable so please anyone out there who understands what exactly the company is awaiting clarification from them about and can let me know?

It was a conspicuous omission from “news” published by company along with a lack of numbers because it’s apparent MLM isn’t a numbers guy??

So much so I’m even left wondering what is the profit figure “market expectation” is referring to??

Does anyone know what full year will be if we stay on current trajectory? £100m ??

Neversellshell22

The rise is significant in relation to OP and I wondered if you or Boyobach had any view on why as I’d have thought China persistence of zero tolerance to Covid plus Biden opening up reserves plus global recession fears ought to overcome recent production cuts?

Admittedly tge share has been higher and it’s paid down debt and continues a buyback policy but the impact on my share of company in absence of dividend hike beyond effect of dollar strength seems low??

A sort of alternative Yazz song seems to describe this share??

Seriously it’s pushing towards the 140s now so I’m wondering if anyone can concisely and logically explain what PRA decision means for the company since it’s the one obvious omission from the recent statement?
If it doesn’t happen can the company continue to transact business and if not should it just be broken up and money fo to shareholders in which case the notion of NAV goes out window as tgere will be redundancy. Severance, holiday pay etc to fund

I guess lack of mention of PRA didn’t go down well after all

Or even “bingo”

Theborn

I heard you shout “bongo” at 7.01

It was uncanny reading MLM report as all I could think of w screaming your earlier post albeit the very modest growth in loan book I took as positive

The PRA omission may cost SP dear but I agree SP seems criminally low so let’s see if market concurs

JolietJake
I think you’ve pinched their cue cards :-;
But maybe there’ll be a hint that full year profits will hit £100m and that’d make shares look hopelessly under valued at least - GLA

Disappointing to see fall below $89 but at least Shell SP fall is modest

Be interesting to see if WFT back on table as politicians try to deal with fall out after abortive mini budget

Theborn

OK it’s come down to the wire now
Tomorrow is results day and the shares already off 3 today
Last chance saloon I think as if management have nothing positive to say or chip the results I worry the shares will be a £1 in days but I’ll have sold before that happens
Fingers crossed GLA

Good luck Pooks that’d be a good price

I’d weighed up and decided I’d be happy to pay up to 160 but price closed over my limit today.

Getting very close to results now ??

Hi Pooks

Paid good price (159.90) and block is over 1% of issued share capital so pretty decent slice

Results in less than a week now do need to keep eye on trades

That’s a large amount of the equity that just changed hands albeit shares down

Hi Bigpunt

You are very wise

Everything you’ve said in recent posts makes sense now and I guess I have allowed my cynicism to get in the way

Without in any way holding you responsible I think I’m going to scrape together enough cash to buy some shares at this level as unless the company is going bust it must be a value proposition st such a discount to NAV and I note there has been an uptick this morning but on no volume so will look carefully as 19th approaches and set a sensible buy limit to average position down

I’m enjoying the contribution you, Theborn and others are making on this BB and at least have a good gain on Shell to bolster me!

GLA and to everyone else DYOR as I’m not recommending a buy simply saying what I feel I want to do

Totally with you Theborn
I’m long Shell and though it’s underperformed the other oil majors such as Exxon Mobil Chevron and here BP I’d struggle to make the case to sell them to buy PFG when relatively speaking my holding in PFG is a larger proportion of the market cap and large in relation to risk
Also I do get where bigpunt is coming from so maybe I need to be honest and say that despite my view the shares are unbelievably cheap I just have a horrible feeling that management may have lost control of central costs and deliver a shock to earnings expectations that could in the short term at least drive the shares lower still.
It’s going to be a long road back and a return to FTSE 250 membership at least before the shares are reflective of NAV or the potential of the business but let’s see.
Whatever the outcome Oct 19 is going to be a significant date in the history and timeline of this company and an opportunity for management to come clean which they will ignore at their peril and at our cost.

Hi Theborn

If I had a fat cash reserve I’d go all in on the basis it’d correct and I’d make a tidy sum but I’m very long in the market, mainly energy sector so will just hold and ignore my stop loss
I do wonder how much of a hit the sellers are taking?

Theborn

Down again this morning - in danger of hitting 140s

The xx market must be expecting a negative TU by look of it?

Indeed JolietJake

I think I read elsewhere on this board the conspiracy theory the management might be keen to depress the SP do they get nice cheap options but I think it’s more a case that the share is unloved and under the radar - macroeconomic trends are probably not helping but I do worry if there’s bad news out there somewhere that we’re not privy to but if so not long to wait now (19th)

FFS this share is being buried and no one came to its funeral

Good for you slater606 I must confess I’m getting fed up playing the roller coaster game of Shell up then down then up - think I’m too late to do other than hold

Hi Theborn what is significance of PRA decision?
Are we saying PFG can’t lend without their sanction??
Surely if the business can’t lend it’s in collect out mode and not viable so I’m assuming I’ve got it wrong??