Member Info for Cheapsharesboy

I am very optimistic that we have had the capitulation already and shares have reached to bottom.
This hit just under 91p at March 23rd (or 90.66-90.90p) depending where you look at.
There was the feeling of capitulation when after the low another shorter had appeared.
There may be many reasons for this - one of them being a hedge for a bigger holder who doesn't want to sell but wants to hedge. Again, it may be a leech - in which case I hope they got their timing all wrong.
There has been bad news from UAE which hammered the sp.
All the good news has been ingnored. Like the project of the year by Petrofac in Oman.
PFC has the potential for lucrative contracts in Oman, and have to wonder if they want to take advantage of the situation in UAE and nail down the best workforce, the windor is open. Speaking of green things - PFC has already signed up into multiple of green energy projects and this will accelerate. Access to new funding and a reduced cost base. What is there not to like. Good news has been ingnored the sfo saga dominates the sp.
I must say the best part for me is the fact that the capitulation feel was there in the week of March 23rd. That is when big boys buy the cheap shares off others. Well feel free to disagree....

looking at your borads like Amigo, sounds like u speaking of yourself y11.
Good grief this board is full of muppets.
Well again it may imply that we are hovering at the bottom prices.
There is a leech after leech here. I am thinking of it.
Everyhing has role to play and a purpose.

Snappy happy is back.
"The world is full of clowns, smiles all around"

How can the banks charge you £60 for buying the stock?!
What the h... is that all about?
Bad work practices.
Mistaken float price.
Shares already shorted - some crooked bank had an advance deal with a hedge fund to borrow shares instantly.
Ridiculous. It's absolutely a filthy share.

My mp is going query with SFO why the investigation is taking so long.

Hi Slift,
thanks for that link, that is excellent!

Is this share waiting for the new ISA tax year?
Volume has dropped to 161k that is ridiculously low.

Garydav said shorts will Puch this to 20p
What a muppet

The guy claims he bought on Thursday and today - it's Sunday - he claims he sold 2 days ago.... so he held his shares for nearly 24 hours. 5 minutes wasted
Blaaah

Equity raise was clearly announced by Bidstack so it's not a question. Quote: "The Group is dependent on further equity fundraising in order to operate as a going concern for at least twelve months from the date of approval of the financial statements. "
From revenue perspective the positive was that they said they will rain in spending for 12 months. But with an equity raise at the same time - it's not necessarily so convincing.

Shorts are taking a huge risk at these levels.
So am I. I'm buying petrofac it's a risk just as well.
I just feel like risk reward has turned and the stock has now had capitulation. Capitulation should result in a firm bottom price being created. Let's see!

Well done Hobbs on the purchase.
I hope your trades will in the end be showing a juicy profit!

Hi Aye777
You seem to buy quality stocks like syme.
When you click fundamentals tab it shows blank ??
Oh well.
Pfc will come good.

Gary-boy.
You said you can't make sense of GSK share price.
Why do you think you are the maestro here?
Here is what you said:
Well I'm not commenting anymore. Yanks taken this down from 12.19 to 12.06 in less than half an hour. Just cant read this one......

Someone has a pretty good crystal ball!
I do envy that!
If I had it, I would keep it to myself.

How many times do you have to repeat 78p?
Please!
So that's what you are praying for.
Judging by the emotions and high volume it would appear like we've had the bottom but all we can do is wait and see.

Monday morning is looking good now that PFC has exited the FTSE 250.

The index funds etc had to dump by end of day Friday?
Then if they had excess of 7.2m shares - has this got anything to do with the big dump? But like I said before, appetite is also huge. Some buyer(s) took it all at 95.46p!
If you add the 200k after, it's ,7.4M shares dumped and bought. Looks like a trade arranged in advance. One has to remember the rise of dark pools which I imagine will increase the number of "off book" trades. There is a further off book trade after 6pm nearly 1.5M shares, all added up it's 9M shares sold and bought / reported after hours.

Anyway the volume is huge. Can someone more knowledgeable comment on the massive trade volume on the uncrossing trade? It's near 1.5x average volume within that trade. Supply is massive but it's getting bought. Interesting!

In my view the seller dumping 7.2m was more aggressive, hence the lower price on the UT. But it's also possible buyer purely put in orders at 95.46p and wasn't prepared to pay more. It's an equal match between seller and buyer. Either way there is a large buyer as well as a seller. The low price means they seller is desperate to get out. On the other hand, 7.2 shares got owner(s) at a low price. They are probably happy.