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Emily Carrots,
Whoever mentioned a fund raise here is just speculating especially with no news or press releases given. It will also be difficult for any potential fundraise esp with todays low stock price, I cant see it TBH.
I get what you mean and unfortunately in todays world there will always be a lot of mis-information and speculation from buyers and sellers. We just have to filter block continue and leave the rest to LSE for rules and regulation.
FYI i do actually like PFC, what they do is amazing work in terms of engineering, employing 8000 people around the world. I just hope they can get through this hard time and reach the highs of the past SP level. Im waiting patiently like many others here.
Emerald Carrot
I take it your referring to someones post here about the non exec finance lady , I cant remember her name.?
I get what you mean but with me and many others here its hard to tell what is fact or speculation sometimes. or any truth in the story. Im sure many of us here are sensible enough to draw our own conclusions. Investor or not we all just want to hear the hard solid honest facts.
Emerald Carrots,
Actually not all my posts PFC, I made a few posts about BPC now Chalenger 3 years back, But i have always followed PFC. Whats wrong with that ?
You sound touchy , Hope you not all invested in this during the last fundraise ?
I agree Al4x
If everything is good and rosy why not just say with an RNS " no known reason for recent price drop....and reassure all the shareholders. Keeping quiet with no news is much worse IMO (like your hiding something)..who knows where this will be by Dec20.
You are right Tony99999, I have only been here a few days and have already worked out who are the rampers here trying to get us to invest and the realistic investors who are sensible enough to know the truthful facts. I am keeping an open mind and not investing a penny until more clarifty on financials. I might have a small punt at around 15p
TheJanbo,
If im a doom monger then you must be a wishful fairy hoping this will somehow turnaround from now until next financials.
Every one here knows i meant Mid 2024 as per my last post and not Dec 23 your false wishful thinking .
Someone here mentioned PFC fixed old legacy contracts are loss making and he is right, This is what the markets have realised as any re-negotiation of past fixed contracts are a waste of time and must be honoured.
The simple truth is this company at this moment in time are loss making with serious cash flow problems, Yes this will improve in mid 2020 with the newly awarded recent contracts but we still a long way from that time.
At this rate the share price will drift into the 20s during this week and lower if the next financials on December 20 is bad.
It is being heavily shorted for a reason.
Current cash flow . This is the only reason i can think of as to why the share price is tanking ? 4000 staff with big monthly salaries , project field service bills , etc etc . Yes the recent big contract win announcements are great but its not in the company coffers for now but will be in 2024. I may be wrong but PFC is maybe burning too much cash right now. The potential is here for the future and i feel a lot of new investors myself included are probably witing for a much lower entry price, given the above.