Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
Hey Dark_Knight... haha - it was my alarms fault!
Good morning all!
Anyway, amazing news - I knew PFC had deals waiting to be released. I also think they will release more of these deals in a timely manner - and then that one major deal that makes a difference to everyone (full sentiment) will come and wipe out those shorters and the MM's won't be able to do jack S.
Exactly Dark_Knight.
Things were far 'worse' before but the share was well in £1.20 to £1.35 range. Now dividends are needed; why was that not needed before. I will say again, this is not normal stock market movement.
As soon as those shorters get a new position in 70p range, we will be in 70p range.
ADNOC has been successfully placed with an IPO this week - the biggest launch of the year so far.
This should now open up the doors to expand and grow, and therefore, allowing PFC opportunity to do what they know very well - Oil and Gas.
Agree DW2016.
Shorters can't do this alone though because every day the buys and sells need to be matched but there are cases of roll over. It is the market makers job to keep the price honest and fair. The power of a MM is extremely high, and some are left un-checked to do whatever, until it is flagged up. I think the book makers for PFC need to be pulled off and reviewed for their books and vetted.
When the II's buy, these are not done through the traditional form of trading but have a different placing process, and there is generally a need to do a regulatory update due to market impact.
This same process does not seem to apply to shorters/ hedgers because they can go under the threshold of dumping shares in low volume, high quantity trades. It's this specific type of trade that has rapid down movements, but not so much on the long side because general public investors don't sit there systematically placing trades, but are driven by sentiment- which is when shorters get caught out or sudden news driving the price up.
Everyone generally wants a low price and the shorters want to sell down the stock with the short/ sell trade for stake per/£ or per/$ etc (CFCs/ DFT's. That is the derivative trading. They can of course buy again on the long, and ride up the long rise.
We need a market watch marker to be placed on PFC by the FCA to get to the bottom of who is causing what.
Thanks, FishSlicer.
I honestly think if the shorters were out at the beginning of this year, we would be on £1.50 plus now. Probably in to £1.80 and with II's, should have been £2.00 plus.
Agree JG68.
We need to figure out how many of the Prime Broker shares are still out on loan. Only those shares can be traded via Hedge Funds (shorts). As far as I have been informed, ordinary shares are out of scope, otherwise, the financial markets system would have collapsed long before I was even born.
Not arguing with you Fishslicer but...
Simply Wall is also the one that said PFC is worth 65p, and ever since Astaris and Cube have been in the 60s range the stock has not pushed up for more than a day or two.
Let's take a more simple view - when the price of PFC was £1.20 plus, they did NOT have TenneT deal or the recent EPC deal or the 2022 both was not closed - yet they were well in the 120p, 130p etc.
Now they have strategy, breaking in to future of energy sector, winning deals, they are worth less than HALF.
PFC HAVE MORE NOW BUT WORTH LESS THAN HALF NOW, COMPARED TO WHEN WE KNEW LESS, AND PFC HAD LESS.
This can ONLY happy by market abuse - the price is set manually because if a system was to do this, it would keep pushing the price up on ALL 3 of those mentioned, let alone other key events!!
Something needs to give here. This is beyond unacceptable that the growth/ value of PFC SP is being dictated by a very small number of people.
Just because two of them (as far as we can see) are stuck and can't get out, those that have control to manage the price are NOT factoring in the buyer demand time and time again.
I refuse to believe by NOW that there are buyers who are buying this low just to ALL sell within pennies. Yes there will be some, but the volume and quantity of buyers significantly has outweighed sellers.
This is NOT how buyer/ seller demand works in normal market conditions. Pure and simple as that!!
BN56 and all - good points mate.
I do not think it is right to go after PFC anymore as they have shown they are trying to turn things around.
The biggest issue has ALWAYS been the shorters - they have been in PFC from 2012 - thats 13 years ago!!!
Look at the amount of damage done. I want these legal firms to go after the shorters and anyone else that is constantly making them profits and sharing the corrupt gains they make under the table.
This is not a direct PFC issue anymore - this is pure market abuse, which is somewhat out of PFC hands!!
Hi Harry44.
Strongly agree with your last paragraph and good post too.
"I could also imagine that Apollo and other player have already proactively (plan B or C) instructed the short-sellers to manipulate the price of Petrofac into the 40p range."
I also feel that we will not be allowed to get past 78-80p, until the shorters get new positions (based on current positions). They are constantly being supported and that is market abuse.
I hope you are right Dark_Knight. I would love to see this SP rocket to 250p, and then to 300p, 400p.
They will make a cheap offer and that will start off badly with PFC board. So if they have learnt anything then they will play it right.
I also think while the shorters are in the 60s and 70s, we will struggle to get to the 80s. We should be seriously concerned about this repeat pattern.
At 1.50p (like-for-like) increase, the shorts will deffo feel that.
I am keen for a positive impact on PFC - not like what happened with Wood and THG.
I had a strong feeling SP was going to 67/68p again this week!!
The thing is Wood group and THG both felt bids were cheap and waste of time. PFC unlikely to accept anything less than £5 per share I think because they will go by what was the original trading price. Plus they have made a lot of progress which will add to their argument of why they can't be valued same as Wood etc.
I do want this share to jump to £2+ and stay there, but, no games or cons by PE's or anyone else!!
Great post Harry.
PFC has been training up graduates and expanding skills in Oman (and Gulf region!). Hopefully this does lead to PFC getting more green contracts!!
Wood Group crashed today. Wonder if Apollo had a long trade before they made the offer?!!
Dark_Knight - you are 100% spot on.
This is why I keep drawing to that same conclusion - who is setting the price and why?!?
By today or by Monday/ Tuesday we will know what was the cause. I believe it is short reduction.
That would be great MD.
But I have noticed that these shorters don't leave each other behind. I am fairly certain they are (all) working together or have to work together because the power of buyers/ PI's would significantly outweigh them.
If you look about the price movements vs. positions taken vs. RNS/ Deals News - it does not tally up one single bit.
Also, I am thinking the shorters want to be reducing their positions - astaris is most likely going to have to do something very soon, if not already.
Yes, Maverick.
Hoping for a strong 70 plus finish today, ideally 72p would be great finish to set-off next week.