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we have been down this alley so many times! Over the last 18 m, i have simply ignored the SP and have also stopped buying short term, as too excitable and makes me then wonder about my majority PFC holding. I even thought of buying in early this morning when the SP was down ~ 20 P. And WG; why the fall?
BTW, squadrazura; a TO wouldnt be unreasonable, with the weak sterling and current SP. Whereas, 2 years ago, a TO would have been at 800p ish, now they could swoop in at 600 p ish. SAny thoughts, Warthog, Poketr and Wolfie, mark Bell et al?
WG was recommended as punt of the week in Saturday's Mail 9 d ago, despite its £ 1.3B debt mountain. Meanwhile, slimline PFC, with negligible debt struggles to move its SP. WG is also implicated in the Unaoil scandal, yet its SPO has moved from ~390 to currently almost 540. I took a punt on WG at 452, when it had dropped from 700 odd and am seeing my investment recovery, BUT why is PFC not benefiting in same way? Doh, I never will get it!
WG has been recommended as punt of the week in Saturday's Mail, despite its £ 1.3B debt mountain. Meanwhile, slimline PFC, with negligible debt struggles to move its SP. I will rehibernate and awaken when the SFO go away. Oh, BTW, excellent dividends to enjoy!
I know wrong platform, but I have secondary interest in WG and 80% interest in PFC. WG has been recommended as punt of the week in Saturday's Mail, despite its £ 1.3B debt mountain. Meanwhile, slimline PFC, with negligible debt struggles to move its SP. I will rehibernate and awaken when the SFO go away. Oh, BTW, excellent dividends to enjoy!
amazing rise in 3 w by 25%! One of the most shorted share and yet....and no ill effects from SFO overhang. Why is market so negative to PFC then??
WG doesnt make sense; It is the 2nd most shorted share! However, successful company with successful bid after bid. I never understood the steep fall from 550 odd to below 400, apart from mirroring PFC and also inderlying drama of SFO/Unaoil!
Two relevant issues. Firstly, even UK PLC must realise that SFO ego cannot be worth the estimated £ 10 B loss of business by a British company (pfc) in Saudi and Iraq, allegedly. Secondly, there is still the outstanding issue of senior PFC executive, David Lukin, who pled guilty in February of bribery etc. I think the latter issue probably is still hurting PFC right now rather than allowing the share price to adjust to the real value. Any thoughts?
I have held this and held this and held this share, enjoyed wonderful dividends an watched inexplicable drops. when the 1st issue started just over 2 years ago, all sorts of figures were bandied about re cost of fine and how cleverly thereafter asfari and co reduced the debt from £ 1.2 B to virtually zilch. At 2017, the SP was in the 770s. Clearly if the news is confirmed widely re SFO failure, then the SP should finally rocket to a respectable level. ALSO, now Iraq and Saudi should not feel any need for safeguarding and financial governance. ONWARDS and UPWARDS. Well done to those who stayed on; they know who they are!!
Here we go again. 10% drop on "bad news". Really, bad news after the horse has already bolted? When PFC have put governance in place?
Business is brisk with recent Algeria contract, and lots more being exercised to bidding level. OK the Iraqis have "blacklisted" PFC. Also WG, bearing in mind same issue? PFC have already smartened up and I am sure PFC will progress even further. The dividend is due in 8 days, and I predict that the SP will rise on that day, rather than fall!
By the way, the guy who sold his entire 3000 shares, I hold 35000 shares, and continue to hold. I know several punters her hold substantial holdings too, as they believe in this company. GLA and happy Easter.
A majority, albeit slim, people's vote is being overturned by the politicians for their own selfish gains. The process is clear. If parliament rejects the next voting, then only "no deal" is the remaining option. Even Mr Barnier and Ms Macron were clear on that, which isn't difficult to work out! If that were to ultimately happen, it is the MPs who will be remembered in history books for this utter cock up. How can you revoke article 50, or for that matter, abandon brexit and remain in Europe, or have a second referendum, or a general election, to spite the majority of the voting electorate? What would the latter know anyway? Keep them quiet and keep screwing them via taxation and hope they die early whilst the MPs retire on sickly pensions after short tenures! If brexit doesn't happen, we will literally be the laughing stock of the western world!
BTW! I am apolitical and have no concerns either way, but simply question the big guys in London!
M2P, MBUK Poker et al know my feelings re PFC. Been there with doom and gloom best part of 2 years and recent doom SP went to 390, but within 2-3 weeks up almost £1! I find all analysis illogical and long term, it's my innermost gut feelings rePFC that has kept me away from insomnia. Now with WG, the message yesterday with almost 10% SP drop, wasn't very different from PFC's chair statement a year ago and I recall caution, etc then leading to downward SP movements. Ultimately, it's the RNS contract announcements that have then pushed the SP upwards.
I anticipate same with WG over next 12 months and have committed 20 K £ yesterday. The SP has gone up 3%, suggesting maybe it isn't all doom and gloom. Let's see! ATB everyone
i cannot understand markets and never did. This company is as solid as PFC, which I have a major holding in. I have just dipped into WG for 4000 shares and anticipate upwards and onwards!