Member Info for bob-hope

Could not agree more snapper10, PTC losing 2p a day at this rate it will be -1p by financial date Dec20.

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.

Steveiom- I fully agree my freind, if this heads lower than 2p before 14 April the BPC mutual share fund will collapse through the roof.

Lower probably 1 to 1.6 ish if markets turn neg on oil price and more corona fears