GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
It looks like undisclosed sells have taken place, likely to be the shorters. The big problem they have on their hands now is while they were busy selling, people were buying up.
When it comes to returning the shares back to the rightful owners, there will be some of them that will get burnt badly. You will see large chunks of reduction taking place - which one/ ones will pay the price - not clear yet, but GLG played it smart as usual. They really know PFC very well.
There is a bottom - appears to be somewhere from 10p to 20p, maybe it's 15p with hard push. Bounce is there, I am expecting any day now. PFC could once again surprise us, that's something the shorters know well, especially those from March 2023 events.
Whoever got the 40p range, congrats and well done.
And all the long-term holders - glad we are hanging in there!!
Who can help in finding details of the people executing PFC at the stock exchange.
If PFC management don't start taking immediate action to sort this nonsense out, then the obvious is on the table.
I am just seeing buys and buys of huge volumes, with micky mouse sell volumes. 100K shares went through and this stock went down. How is that possible?!!!!!
PFC management need to answer for this. This has gone down at this time last year. We need to take collective actions against the management. They have not done anything to help this company in this matter!!!!!
There are sells going through for ONLY ONE share, and another for 5 shares.
No one in public side would do such a stupid thing - we need action on this!!
100% Janbo!!
But what has never made sense to me is what causes the random and sudden drop. Yes, markets go down and so was pretty much most markets with ME matter, however, PFC always goes down beyond 5-10% like everyone?!!!
For what PFC need to investigate and give answers!!!
Exactly StockBuster.
We need answers!! This is unacceptable, every time they bring it down it makes the real worthy awards seem like they are nothing. PFC are clearly getting awards but NOT doing enough to manage and maintain their company value!!!!
PFC should have been what BARCLAYS priced at, £2 plus by now. But even they got tired of waiting to see what PFC management are doing. I only blame the people, not the company.
Start giving bloody regular updates - its not that hard or rocket-science!!!!
Hi oilheadgame and Al4x.
I mentioned the need for quarterly update because of PFC inability to do the basics such as the 4 steps on 'short attack', which another member provided a great link! The 3-monthly update might be a bit of an extra admin for PFC, but it will change the company around. Quarterly updates are there for a reason, especially a company that was trading double digits. The longer PFC miss out on the obvious easy steps, the more angry investors they will have.
Good communications gives sound assurance; look at the genuine questions raised by Al4x and others alike, including me. All PFC had to do was give a box standard update every 3 months that they are 'going-concern' (meaning all is good) and PI will happily buy. Instead they are allowing all the shares to be brought out at cheap by H. Funds delaying the inevitable £1 plus jump.
The Markets Makers and Shorts, along with others are doing this, but, how they are able to evade the protocols Stock Market is a task for us to find out soon!
It will recover for sure because the days of Administration are long gone - they would not win the awards otherwise. The company needs to speed up like Wood and others doing.
Have a good weekend buyers.
Hi Sm66 - thank you. I am sorry to hear that you felt you had to close in the past, but I can 100% understand your reasons and perhaps frustration with PFC. I have been monitoring PFC for nearly 3 years now so not as long as many.
You are right, they are taking up positions again for the LONG direction gain. I am sure about who is behind these kind of drops, BUT, I am yet to figure HOW they are able to do this - as in what tools, people, companies etc.
I am saying this because the movements in SP on PFC is like none other I have ever come across. Analysts and articles clearly indicate significant uptrend so how is the BASIC FUNDAMENTALS of stocks and shares not applied to PFC?!!
That statement of question alone for me, questions the HOW are they able to do this - I would love to hear the specifics on how to make SP go from 84p to 44p.
As for PFC as a company and entity, it is capable and once we get rid of those causing issues, I firmly believe we will be near the £2 mark, because that is how the fundamentals work for every other company.
Thanks and have a good day to all.
Al4x - the shorters and their working buddies want people to feel like you. This stock is being forcefully brought down, but remember 49-50% of PFC is PI so most domestic investors don't want to lose money just like that. No many have brought in this price range before and that is why is it finding support level here. When there are sudden large volumes we see those spikes etc, but there is money to be made - I just can't give you a time-frame.
Good luck all buyers.
The probability of this turning back to 70p to 80p is 99.99%, and the 0.01% something going on in the background that no one expects - beyond normal market conditions.
I still want to know how we dropped nearly 40p just like that. Every other stock on my watch has recovered post the ME situation. So how and why is PFC still the only one with nearly 50% drop without DIRECT negative/ bad news?!!
I've topped up.
It does seem like 45p is the support level. It would be very strange for the drop further because it's assuming that there are majority of previous buyers who just want to make a loss and think there is no money to be made.
If it does happen, I would welcome a collective action because I think we are all getting fed up with the messing around of this great company. Whoever is in on this will get found out!!
Thanks StockBuster.
I agree - this basic approach on their part will unfold if they had any part in the several repeat instances of random drops.
Giving a box standard copy and paste knowing full well what their responsibilities is playing with fire on PFC side.
Hi All,
I got a reply from IR today.
So I mentioned that I wrote to IR yesterday making clear set of extremely seriously concerns. I have said there is market abuse and the current trading is beyond normal market movement variation. I have also mentioned that the current fall is only down to manipulation and there is an obligation on PFC to get to the bottom of who is setting the SP manually.
I have said this does not seem to be automated trading system at all, as the buys are not reflected, and therefore, there is enough evidence for PFC to remove all those that have direct ability to bring the SP to a point where there was nothing to suggest it should be here.
Along with many other points, I have asked for News update to Investors and quarterly updates as the gap in updates – currently half year, is not sufficient to demonstrate they are proactively taking all steps within their gift to give investor assurance. It’s these kind of open opportunities that the ‘small group’ are taking advantage.
They sai (in summary) they will issue pre-close Trading Update in December. The first half saw Petrofac’s strongest period of awards in many years, which is a strong base. They are looking to close legacy portfolio, improving financial resilience and strengthening the balance sheet.
I did respond back saying, that’s all well and good but they need to focus on regular comms to keep those like shorters at bay. It’s very simple logic. Lack of not knowing causes people to guess – stop leaving us to guess!!
Excellent link D66.
Exactly what PFC are not doing!!! It's only 4 steps, how can a global engineering company not get these basics!!
Key Points
1) To prepare for the possibility of a short seller attack, companies should assess their vulnerabilities, maintain open channels of communication with shareholders, monitor short positions and changes in their shareholder base, and formulate a communications strategy.
2) In the face of a short attack, it is vital for a company to respond promptly with detailed evidence to rebut the short seller’s accusations point by point.
3) Share buybacks and dividend increases may help to restore a share price depressed by a short attack, but there is a risk that these may be seen as superficial defensive moves that do not address fundamental questions about the business.
4)Suing the firm or individuals behind a short attack or seeking an intervention by regulators rarely is successful and can backfire, drawing attention to the criticisms.
Thank you all.
I am 100% convinced that PFC as a company and entity is absolutely capable of doing business.
The only factor in all this is people. Who is doing what and in what way?! I have logged a line of enquiry with the FCA to monitor the hedge funds with the random and out-of-norm SP movement. Yes, no one knows the future in normal market conditions, but when some can control, that is a serious issue, and I do believe many are saying on here what is going on behind the scenes!!
It will definitely go back up and to 80p plus, but I do think we need to really consider the root causes behind these random drops. I have sent IR email today calling out their responsibility to get to the bottom of who is setting the price so low!
Hang tight all, we will get there, but what is happening to PFC is beyond normal market conditions.
All I see is buys going through, outnumbering sells by 80% or more.
Yet the price drops, this stock is being targeted and its so obvious.
What are the options and actions available to us??!!
Good comments all.
PFC need to start doing QUATERLY UDATES!!!
The 6 monthly wait is too much for a company that has gone through what they have. Also the constant random drops by 30% plus will be greatly aided with 3 month update as people will feel more comfort. Even if there is no significant update, it give the 50% public portfolio sentiment that things are okay and that we are NOT guessing!!!!!
I like your posts CH, especially ADNOC and PFC.
What do you and/or others think is causing these huge variations. I mean its not even 5-10% like most other comapnies during the whole Middle East news. Even Wood has completely turned back to 150p plus within weeks. How or why is it PFC get in to this range. It's not normal in any shape or form. I would love for us to collectively challenge PFC to get in touch with whoever manages their investment banking and look at the pattern of trades by hedge funds!!