Member Info for bewareshadows

Bumper day/week for me. BT/PFC and GSK. one day lloyds will do something amazing and break even. Lol.

Cracking opportunity to average down. Sold at 1580 a week or two ago and just waited for the low 1500's. Got in for 1503p today. Did not expect it to rise so quickly but can't beat a bit if easy money and did not even miss a quarterly dividend date. Lovely.

No one knows but you can speculate. Its still in the 540-580 range which seems right for this oil price. So I reckon its a few shorts closing as the odds of oil falling further are reducing.

Wonder if a few shorts have closed. Oil price is fairly low so the odds of there being much more downside on the share price by oil is low.

I'd say it's too early to call it a recovery stock. Its hanging on in there and whilst it has stopped the rot, debt is still a huge factor here.

This was a bit of a speculation for me. The dividend attracted me. I would consider averaging down. But as its a stock which seems to move quite quickly in either direction I would be concerned about chasing losses. I'll reinvest the dividend at these prices, I really don't know enough about this share to make a serious investment decision.

I think patience is probably the most difficult skill when investing. The temptation is always to look elsewhere and see the grass as being greener. This last month all my investments have stalled a little. I'm still ahead on pfc, but having considered selling at 630 you do question whether to move elsewhere. But I honestly don't see an obvious new target at the moment, trump trade tariffs and brexit are hitting many holdings and US interest rate rises do not held either. Thankfully all they all pay a decent dividend.

This is a potential recovery stock for me so likely to hold long term. I think alot of the drop recently is down to external factors like, trump and brexit and general market sentiment. Whilst the sp is this low will just continue to reinvest the dividend.

Hi Poker,

Another diversified PFC holder.

I've sold my holding here today at 1589. Not particularly worried about this share but it's been bouncing around between 1500 and 1580. Considering I was down on this for most of my time, decided to take some profit and hopefully buy in on the next drop to 1515.

Not saying it will and good luck to those holding for the 1700's, if it goes there great.

But glencore is multiples of the market cap of pfc so they can afford the hit more if they have a bad outcome. I'd love a run to 700 but got to appreciate from 400 to 550 in the first 6 months at least its going the right way. Shorters have already shorted so there are less and less remaining shares to short with.

Who knows why this goes up and down. Looks like I'll be holding for the dividend.

Yup. More trump slump

Just remember some shorts are hedges. So it could just be that some holders want an insurance policy against any SFO outcome. If the outcome is positive then those shorts will be the first to close.

Another blue day today. Its certainly trading within a 540 - 580 range at the moment. Very much holding its breath

When people talk about a dog of a share it all depends on your entry point. I'm getting a 5% yeild on my capital and even at these levels I'm 10% up on the capital. I've had much worse results. If you need the money soon the recent drop is unwelcome but if you can let it sit here for months or years odds of success are far higher.

That is probably to do with relative size. Glencore has a market cap of £42b compared to less than £2b for pfc. So a fine in the hundreds of millions is going to hurt pfc far more than glencore. Fines are never in line with the ability to pay it for either private individuals or companies.

Nice jump in the sp, still some way to go for a full recovery.

If you can buy 8m at 0.1781p then that is easy money.

Bet you are glad you bought back in after selling yesterday. Could have been very expensive.

There is no doubt that higher oil prices will benefit PFC. But the impact will lag the daily movements. So oil hitting $78 for a few days is not going to effect PFCs bottom line as we don't benefit directly from oil production. Were as if it stays here for a series of days into weeks then PFC will more than likely drift upwards as oil producers will have more revenue to invest in new services and equipment.