Member Info for bewareshadows

It will depend on your holding. So I'm in HL, they charge 1% on div reinvestment. And a flat fee of �11.95 on general investments (can be reduced if you do multiple trade the month before) So you would need to have �1200 worth of dividends to make reinvesting yourself worth while. With the div at 18.72p per share you would need to hold 6410 shares or circa �38,461 worth of petrofac shares to make it worthwhile to reinvest yourself. Not sure what level other providers work at.

The latest short by rye Bay, was a pretty safe bet. Especially if they treat it like a true short and close the position quickly. They shorted when the sp was around the 650 level probably a bet that oil prices were peaking. However the bond issue is a gift horse for them and could buy back quickly to cash in on their bet. The confusion for me are these long shorts that have been held since the sp was at 400. They just seem to hold them and hold them. Despite that they have already missed out on a bundle of money. They could have closed their shorts at 400 and reopened them at 600 if its a bet on the SFO outcome. The key one for me is aqr. They were one of the biggest shorters but have quietly been reducing that position over the last few months. A short is called a short because its a short term bet. Holding for months and years just seems insane, when anyone could see this would not stay in the 400s.

I've been there myself many a time. Glencore being the biggest missed opportunity of my investments so far. The money I missed out on is the stuff of nightmares. Were as I've been stuck in lloyds for years and only likely to break even this year. I've decided I can't trade for toffee so I only put my money in shares where there is a decent dividend. +4%. That way if I pick a share that drops and takes years to recover well at least I'm still getting more than a bank account. If it makes a quick buck all the better but for me that is more about luck. I can hold this all the way down to 500, so for a change its nice to be able to sit back and enjoy the ups and downs without too much worry. I can't buy on the dips as I'm full invested this year. Would need to sell something to buy more and the rest of my holdings are all steady Eddie's. So pfc is the only real growth stock I hold.

I'll get my money on this then. An ifonly sell is almost a cast iron garuntee that this share will rise. A better signal than board buying shares. Lol. Only teasing.

It's just an agm announcement so not really that big a deal. I don't expect any rabbits out of hats today.

The bond news yesterday masked other news, we are now below 6% in declared short positions as AQR Capital Management, LLC continue their long trend in slowly backing out of their short position in PFC. 15 May they knocked another 0,1% off their position.

If I had a few dollars going spare even I might chuck a few quid in this direction. That's an impressive sea of Blue trades. SP must be due to move back to where it was at the start of the week. If it was not for the spread you could make a few quick bucks here

Should this not have been in an RNS?

Trade volume are slightly higher today but no massive sells. 89,000 shares seems to be the largest transaction today. Really just a bit miffed I have no cash to top up.

This really feels like more than a tree shake. If the SFO announce or the AGM announce information later to justify this drop then they all need investigating for corruption. Smells like a leak.

All my capital is tide up. Damn shame, can't believe it nearly hit 600 again.

Even buyers yesterday are in profit on this. Anything above a 6p drop is a blue day. Happy days ahead and let's face it the older market is a growth market and that is where most of the wealth is.

Or why the rise yesterday? Just normal ups and downs with this share.

Relax, you've had 650. Just set your sell limits

Hi windy, I would imagine it's cumulative. So look back a few days and see what the volume of sells was. With most companies this cumulative effect takes seconds to move the bid / ask, but as the volumes are so low here it takes days instead. No doubt the buys today will bounce the sp up in a few days if maintained

You not sold yet? Thought 650 was your target?

https://www.shortdata.co.uk/company.php?isin=AU000000RRS3 So either everyone is shorting at 0.49% of the company or the sells are just genuine sells. As with so many companies BT, SAGA, PFC to name a few that I am in or considering, debt reduction is going to be key for RRL. After Carillon, investors are naturally worried about companies carrying too much debt. Improve on the debt and this will improve the SP.

Is the debt that much of an issue? Debt seems to be falling over the last 4 years. Operating profits are holding and yes revenues have declined slightly but with the reductions in debt total equity has actually risen. There are a lot of companies carrying debt, but surely the key is are they taking action to reduce it? BT who I'm also interested in have debt issues, but they don't seem to be able to reduce it at the moment.

Diversification. Not sure this has much to do with the SP today.

Well after all that I got nearly a full blue day across my holdings. At one point they were nearly all down by at least 1%.