Member Info for bewareshadows

Think that is the UT.

abzzba Thanks for the prompt, made me go back and check the charts. Still looking to hold but have reduced my expectations on my target price. Still think 700 by the end of this year is doable, but 800 would be over expectations.

Hi abzzba, The price range was much higher. 750 would have been the lower end of that scale but it did dip into the 600s. But it's a good reminder when looking back of what a normal range for pfc is.

I guess for your position alto, a rash of bumper pfc contracts and a drop in oil for your short would be the ideal scenario.

Alto I think if all happens as you say then that is a fair assessment. However the odds of getting it 100% on the nose is tricky, raising output could be the end for OPEC as there are some who would see it as Saudi basically running the show and controlling production for their own benefit rather than the collective benefit of the group. Its always easier to kick the can down the road. Also high oil helps with the Saudi oil firm going public. Even if it does play out as you predict I'd only say pfc will hit the low 500 if contracts don't emerge. Oil was lower last year pre SFO and the sp was in a different league. Contracts will undo any oil movement.

Does it seems strange? Outside of standard daily fluctuations what drives this share price? Contracts - we had a small one yesterday but nothing significant for some time. Company performance - this tends to be saved for eoy or mid year results, reduced debt and increasing Profitability and revenue will bump the sp but these announcements are fixed. Oil price - well down from the highs and awaiting opec. Sector performance - I'll be honest not been watching the sector as a whole. SFO - takes about 2 years at least to resolve so not holding my breath. Others may identify other factors but those are the ones that interest me. When oil dropped and this hit 540 I felt the drop in the sp was exaggerated compared to the drop in oil so added some. It then hit 590 and that seemed fair value. The only thing the company can do is bid for work and focus on better performance. Bids take time and we will have to see if they are taking time because they are very big contracts that take a lot of time to complete or because pfc are just not winning them.

I'll take slow and steady all day. Got my big jump yesterday from Capita. Today hopefully BT should get a little boost too.

Long term the reintroduction of dividend is what will be of interest to me. Short term 160 would be very nice, but there are always going to be good and bad days.

My prediction is looking a little more likely. Should have laid a bet on it.

Very positive today so far.

I'm going to come down on the side of a slight rise in the sp. 583 @ close.

My understanding is that they will probably have to pay off the current bond with cashflow. Hence the drop in the SP. Having to use the cash to pay off the bond means that it will reduce any capacity for increasing the dividend. It also means less money to invest back into the company. Both of which have an impact on short term returns. Long term its probably a positive as the debt will be less and there will be less interest payments to be made in the future. But with the market being short sighted the potential impact on dividend increases and investment meant a lowering of the SP.

Did any other company win those multi billion pound tenders? If they did then your doubts have merit, if no one did then the tenders have either been removed as an opportunity for all bidders or they are still pending a decision.

Some up some down basically they have no idea. But close to 9% shorts and still a strong sp. Means less shares on the market should eventually push up the price.

1.7% not that big a drop for pfc. Can cover that in a day. It did briefly hit 600 this morning.

Because the moon is in alignment with jupiter ascending.

Not mystic forces just computerised forces. Able to shift millions around to take advantage of marginal differences in share values.

Well now seems as good a time as ever to get back into cpi. Not the lowest price it's been recently, but hopefully a new slate to start again.

I'm pretty confident of that too, although probably here for the long haul. Given you were in pre dividend then at least over all you are close to blue. And blue is always good.

Well said bounty, there are no mystery shorters. No one not even shorters can make money off 14 trades a day at a few quid a throw. I do think it's possible to make money here, but I think the sp would need to fall to 0.17 for me to put some money this way again as it seems to have found its level around the 0.2 mark until the company can show progress on turning an actual profit and reducing debt. Just made a few quid on Pfc this week now that is a company were if you time it right you can make some quick money and there is no stamp duty. Its another oil related company but actually turns a profit. Has a big risk hanging over it, but worth keeping an eye on if it drops again. As for range, I doubt I'll see 0.17 so I can only hope the management pull some good performance out of the bag for all the long term holders.