Member Info for CaptNemo

Hi Folks, now at 9.98% shorted. Millennium added again yesterday and I see no obvious signs that anyone other than MW have reduced. MW currently holding 0.48% or less, we'll not know anymore as they are below the threshold for reporting.

Millennium Capital Partners LLP 0.87% 3 Jan 2024

Millennium Capital Partners LLP 0.66% 2 Jan 2024

Marshall Wace LLP 0.48% 2 Jan 2024

Marshall Wace LLP 0.57% 28 Dec 2023

Helikon Investments Limited 3.30% 28 Dec 2023

Marshall Wace LLP 0.65% 27 Dec 2023

Marshall Wace LLP 0.75% 21 Dec 2023

Helikon Investments Limited 3.21% 20 Dec 2023

Astaris Capital Management LLP 2.46% 20 Dec 2023

Marshall Wace LLP 0.83% 20 Dec 2023

The RNS from today concerns shares that are part of the Directors remuneration package, which is not a bad thing, as others have mentioned it's always good to know that the directors would suffer from a dilution too.

But what would add more confidence is IF the Directors bought additional shares at this point, from their own funds.

Anyone know how long the window for them to do such a thing is open?

Now that's an RNS which would carry more weight.

Anyone have any visibility on other platforms as to the volume changing hands this morning? LSE only shows 3 trades in an hour and one of those was the initial UT, cant be that quiet surely?

ShortTraker just showed that ONLY Marshall Wace continued to reducer their exposure yesterday - down another 0.10% to 0.65% - everyone else is still holding - wow. There is no rush for the exit, or as Joe Walsh said 'it's hard to leave when you can't find the door'.

Hey Paradise,

ShorTracked has now updated and it looks like no one left the party on Friday 22nd, so it's still showing 9.78% shorted. That's a lot of shares (51m at last count) that need to be covered in someway. I simply don't see how they can close that many positions by Friday, or any Friday. Today was manic, SP up 21% but only 9.3m shares where bought and I'd guarantee they were not all bought to cover short positions.

This is going to be an interesting few days.

@Paradise The current figure of 9.78 % is for the close of play on Thursday 21st Dec, ShortTracker is still showing last update on Friday 22nd @ 15:45. With a bit of luck we'll get an update on STracker soon that will show the situation at the close of play on Friday 22nd (half day) - always one day behind, so we'll have to wait until after close tomorrow to see what happened today but I'm fairly sure some will have reduced.

Same here Pompy, a fun day indeed, also long a lot of PFC so also having a good day over there too :)

Hi folks, this BB is very quiet, much quieter that the current SP.

Some very enthusiastic Buy's coming through this morning, biggest I spotted was just shy of 250k, several for 200k and lots between 50 - 100k.

Is something/someone leaking, is an RNS around the corner? Not sure why the sudden interest but I am having fun.

Happy New Year folks.

Nemo

Currently showing Bid at 38.3 and Ask at 36.0 can't even place an order lol - this is a FUN morning.

Well done to all the other LTH's

Here's to a prosperous New Year :)

If have noted a few posts on this bb about how the directors should be buying shares in PFC, how they are not interested, etc, etc.

A quick look at the Directors Deals tab at the top of this pages shows, IMHO, a company where the directors are putting their money where their mouth is. Since Oct 2018 the directors have purchased shares at each opportunity - four times a year. Directors are not normally free to buy and sell shares whenever they like. They are locked into specific periods, which vary for each company, in PFC they are; early Jan, early Apr, early July and early Oct. See data below for recent Jan purchases. Most of the time the totals purchase equal £5k - or £20k a year.

05-Jan-23 04-Jan-23 Buy David Davies 72.02 GBX 6,942 96,509

05-Jan-23 04-Jan-23 Buy Francesca Di Carlo 72.02 GBX 6,942 67,737

05-Jan-23 04-Jan-23 Buy Ayman Asfari 72.02 GBX 6,942 84,979,097

05-Jan-23 04-Jan-23 Buy Matthias Bichsel 72.02 GBX 6,942 75,161

05-Jan-23 04-Jan-23 Buy Sara Akbar 72.02 GBX 6,942 75,161

05-Jan-23 04-Jan-23 Buy Rene Medori 72.02 GBX 27,769 294,297

07-Jan-22 06-Jan-22 Buy George J. Pierson 128.00 GBX 3,906 132,687

07-Jan-22 06-Jan-22 Buy David Davies 128.00 GBX 3,906 75,585

07-Jan-22 06-Jan-22 Buy Francesca Di Carlo 128.00 GBX 3,906 46,813

07-Jan-22 06-Jan-22 Buy Matthias Bichsel 128.00 GBX 3,906 54,237

07-Jan-22 06-Jan-22 Buy Ayman Asfari 128.00 GBX 3,439 88,950,737

07-Jan-22 06-Jan-22 Buy Andrea Abt 128.00 GBX 3,906 54,237

07-Jan-22 06-Jan-22 Buy Sara Akbar 128.00 GBX 3,906 54,237

07-Jan-22 06-Jan-22 Buy Rene Medori 128.00 GBX 15,625 210,597

06-Jan-21 05-Jan-21 Buy George J. Pierson 144.45 GBX 3,461 99,911

06-Jan-21 05-Jan-21 Buy Sara Akbar 144.45 GBX 3,461 21,461

06-Jan-21 05-Jan-21 Buy Rene Medori 144.45 GBX 13,845 81,602

06-Jan-21 05-Jan-21 Buy Francesca Di Carlo 144.45 GBX 3,461 16,523

06-Jan-21 05-Jan-21 Buy Matthias Bichsel 144.45 GBX 3,461 21,461

06-Jan-21 05-Jan-21 Buy Andrea Abt 144.45 GBX 3,461 21,461

06-Jan-21 05-Jan-21 Buy David Davies 144.45 GBX 3,461 35,693

07-Jan-20 07-Jan-20 Buy Matthias Bichsel 393.70 GBX 1,270 8,219

07-Jan-20 07-Jan-20 Buy Francesca Di Carlo 393.70 GBX 1,270 3,281

07-Jan-20 07-Jan-20 Buy Rene Medori 393.70 GBX 5,080 28,629

07-Jan-20 07-Jan-20 Buy George J. Pierson 393.70 GBX 1,270 8,219

07-Jan-20 07-Jan-20 Buy Sara Akbar 393.70 GBX 1,270 8,219

07-Jan-20 07-Jan-20 Buy Andrea Abt 393.70 GBX 1,270 8,219

07-Jan-20 07-Jan-20 Buy David Davies 393.70 GBX 1,270 22,451

07-Jan-19 07-Jan-19 Buy Andrea Abt 527.00 GBX 948 3,539

07-Jan-19 07-Jan-19 Buy George J. Pierson 527.00 GBX 948 3,539

07-Jan-19 07-Jan-19 Buy David Davies 527.00 GBX 948 17,771

07-Jan-19 07-Jan-19 Buy Sara Akbar 527.00 GBX 948 3,539

07-Jan-19 07-Jan-19 Buy Matthias Bichsel 527.00 GBX 948 3,539

Now the BIG question is, will they buy when the next opportunity comes along on the 3rd or 4th of Jan 24? If they do not we might have a problem but I'm almost certain that they will add to their sizeable holdin

Just noticed a delayed trade for half a million shares from yesterday pop up.

21-Dec-23 12:36:00 13.98 4,500 Buy* 13.85 14.05 629.10 O

20-Dec-23 16:23:29 14.06 500,000 Unknown* 13.85 14.00 70.30k O

21-Dec-23 11:47:27 13.9475 12,500 Buy* 13.85 14.00 1,743 O

At 16:23 yesterday the Bid was around 13.85 and the Ask was 14:15 - so it was probably a buy?? Curious why it was delayed??

Any thoughts??

The SP is currently back to roughly where it was on the 27th Nov when Helikon increased their short position from 1.43% on Fri 24th to 1.73% on Mon 27th Nov. Since then they have increased their position to 3.01% - as of yesterday (be interesting to see tomorrow if they closed any today). The increase from 1.43 to 3.01 equals 1.58% of the company stock, or roughly 8.8 m shares - all of which is now deeply under water - lol, lol, lol, lol.

On the 22nd and the 28th Nov Astaris reduced their exposure to 1.17% from 2.09% on the 21st Nov - thus taking some profit. Then from early December they increased again and as of yesterday had 2.34 % shorted, that's an increase of 1.17% or 6.5 million shares - again all deeply under water. :)

Astaris started to significantly increase their short positions from mid Oct, when the SP was in the 50's (remember those days?) so they have some cushion and could well come out of this with a profit. Helikon on the other had pilled in later and much more aggressively so hopefully they lose a lot of money - that would make me smile.

Hopefully the shorts will start to close in the coming days and we can then get back to something less stressful.

@Bro-ken

Looks like none of the shorts reduced on Friday, and there is nothing in todays volume of less than 6m traded shares that suggests anyone is significantly closing now either. Unfortunately the 300k trade at the end of the day was the 'uncrossing trade' rather than a buy .

The 9.45 declared as being short is around 53 million shares - add to that some less than 0.5% declared players - and there are a lot of shares that need to be covered.

The last TR-1 issued about PFC was back at the end of July 23. So although the information on major shareholders on the Petrofrac website might not be totally up to date (there is no date on it) it's also very unlikely that the major share holders have massively dumped PFC - otherwise there should have be a slew of TR-1 notifications.

The four major holders as per PFC website hold 45% of the shares, so that leaves 55% in play, or 250m shares - of which 53+m have been shorted. That's a very interesting position, and IF they have to start to cover quickly it could get even more interesting.

It's going to be an interesting day tomorrow - last change for shorters to begin covering before the RMS on Wed, or do they already know exactly what's in the RNS.........

This is not good news, but after such a long radio silence from the BoD is news and confirms that things are not going well at PFC but it's not necessary the end.

They are talking about possible fire sale of assets, and have not (yet) breached the requirements of the convents.

With a bit of luck this will stop the continued head long slide in the SP, without this RNS I would have expected an opening price closer to 10p , now I thing we might get a slight bounce and the drift around the 20p level until more details are revealed.

And, at some point those shares that have been shorted will need to be bought back, probably after yet another dilution.

@SuperMoose

It all depends upon what happens at 07:00 on Monday morning. IF there is a RNS that says 'anything' then it could go up or down. IF there is a RNS that says 'we no of no reason blah, blah' then it will go up significantly, but if there is a continued radio silence and our BoD say nothing - then your probably looking at the opening price on Monday morning.

What a cluster f**k our BoD have utterly failed in their duty of care to shareholders, to say nothing allows all the rumours and worst fears to play directly into the market. Even if the RNS is really bad I would prefer to know.

A quick look at Shortracker shows that PFC is currently, as of 28th Nov, the most shorted stock with 7% of the shares shorted, and only positions above 0.5% have to be reported, so it's likely that the true figure is well north of 7%. But, even at 7%, with 522m shares available, that is more than 36m shares that have been shorted and will need to be bought back at some point, unless the company goes to zero.

Yesterday, 28th Nov.

Astaris Capital started to reduce their exposure and reduced the short by 0.45% or 2.3m shares, to 1.17% or 6.1m shares shorted.

While three other players made modest additions to their exposure.

Helikon Investments added 0.09% or a bit less than half a million shares to 1.79% or 9.1m shares shorted.

Whitebox Advisors added 0.09% to 0.72% or 3.75m shares shorted.

Tages Capital added 0.10% or half a million shares to 0.69% or 3.3m shares shorted.

These are extraordinary amounts that need to be covered and it's interesting to see that at least one of the major players is starting to reduce their risk.

It's also curious that during the carnage of todays 17% decline, the 9.75% bond actually continued to rise - up 1.38% on the day, all be it from a low base but it was the seventh straight day in a row that it's gone up.

This has the potential for a monster rally IF the shorts all try to close out their exposure, all it would take is a few words from the BoD to say that they know of no reasons for the rapid decline, etc, etc IF they did that there would a rush of PI jumping in and carnage in short land. The fact that they have not said that, in fact have said nothing - adds exponentially to the problem.

I picked up 10000 at around 23.5 this afternoon in the hope that the BoD will actually say something, anything. It's not investing, it's gambling and I know I could loose my shirt (again), it's binary. BoD does their job, happy days, BoD do nothing and shorts continue to trash the stock - 20th Dec is an eternity.

Good luck folks.

Still waiting Stew ........

Onsolidground - it was me - lol

Hi folks, to understand the current SP it might be interesting to look back at the past history of PFC. They have not made any real money since 2019, have had problems with SFO, legacy contracts and inflation. And while winning contacts is often suggested as a reason the SP should go up - any muppet can win a contract, it's the execution of that contract that counts - literally.

I believe that PFC has a real shot at starting to make money in the near future, as some of the legacy issues continue to recede, but the market is not currently betting on PFC doing that. What I do find very encouraging is that our BoD continue to stick their hands in their pockets and buy shares, even as the price goes down. They have done that five times this year and continue to add to sizable holdings - nothing like having your own money on the table to focus minds!

And yes, I topped again today at 45p - keep the faith good people.

The current market cap for GEMD is now less than £16m - for all of the shares. Maybe we should have a 'whip-round' and buy the company - then we can give the current BoD and our illustrious looser their marching orders.

What a bargain this is! If anyone had the slightest interest in developing a diamond mine, they can currently pick up GEMD for less than the engineering consultations and appraisal drilling costs. It's all there for the taking.

I do hope one, or both of the following things happen; that the proposed ban on Russian diamonds is implemented and has a positive impact on the rough diamond price (it should), and/or that someone starts to build a stake in GEMD - but given the current volumes being traded this does appear unlikely.