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I have a feeling some of the shorters got a new price between 70 and 75p.

Is this going to 67/68p just so some shorters can get out without making losses?!!

As I said last week, we will know for sure whether there is a market abuse and manipulation!!

We need to watch this carefully as this should NOT be dropping below 70p at all!!

Morning all,

I think PFC would be cautious if there was a offer from Apollo because of what happened to the SP of the WG and THG. Apollo is a successful firm but they went in cheap and PFC believe they have worked extremely hard to get to where they are now. I also believe they have worked very hard as can be seen the REAL life events.

A bid of £5 plus would start off well on the PFC table. Of course like most PE firms, they want the best deal, but I think PFC will see go by their original trading price £15 or £10 min, which was a long time ago.

Personally, if a TO offer made this go to £2.50 and then came to £1.80 is not great but I think a lot of us (if not all) would be much happier than the current SP.

So I have been thinking about the prospects of dividends payments vs. what would be the current return on investment, and how that measures up over time based on the current price range (60p to 75p range).

This is not exact to the penny but I have used data that is available for PFC in past years, to get a sense of what is at stake.

So we buy an investment (normal long trade) for £10K UK pound; average price 67.5p purchase price, so at £2.25, you are looking at £23.3K profit, plus £10K investment.

On the basis dividends are reinstated around the £2.00 plus mark (or higher based on breakeven), the £10K would have give us c. 5,000 shares, and so div per year is likely to be around £130 to £200 per year, based on past numbers.

In other words one would have to wait around 120 to 155 years' to make the same difference back as pose to taking a position now - perhaps pass on the share certificates to ones great, great grandchildren so they can feel it's worth to wait on divs to make the money. Just a thought really.

Have a good weekend all.

I agree with you DanUK.

We know by now shorters will hustle as much as possible. If they are not reducing by next week, then they are going to get in some issues.

DanUK - a lot of us feel the frustration - hang in there, it has to turn the corner soon enough.

Sm66 - thanks - glad to see the bond too, and yes it is very cheap. There is money to be made here (especially those in 50s/60s), and which ever event/ factor that suddenly drives this share like Oct 2021, will happen again. The other key event was May 2022 when the shorters got hurt. The BIG players (JPM, Citadel, Blackrock) knew to cut out by August 2022, and have not surfaced over 0.5%.

I think the ones left in this are the ones that lost badly and trying to get something back (pride and arrogance to not be able to walk away), but as many noted and can see, it is becoming harder for them to manage their short positions. They should either as Fortissimo say's cut and restart, or just use some brain and REALISE this is on the long journey now, and they will make uncapped amounts on the North, than the South.

Also, as one of our regulars mentioned yesterday, the PI power is actually greater than II's because of the number of volumes and quantity that a market wide sentiment can achieve. They way I see it is, there is a whole load of people just at the 90% consideration mark and as soon as that next 10% event happens, that will be it - the demand will explode and that is the spark that will set this SP back in to £1.00.

Sadly, many want to see it be £1.00 before buying, but look at it another way, you would have lost c.30% gain by then.

Also, the shorts will get wiped out sooner or later - that is a guaranteed event, unless they are able to manage their positions - and they are paying a lot of keep those positions. Eventually luck will run out for them and MM's/ BR's won't be able to do anything but raise the buy price.

There are always buyers and sellers - that is what makes the market complete.

But, and there is an extreme but here - what we have seen in PFC for the past 1 year specifically is NOT normal market movement. Lets consider the following;

A) you don't know what the future is, so you like PFC and buy

B) you see board saying things and keeping to their words finally

C) and then you see big contracts awarded,

D) you see partnership globally and with wide variety of companies,

E) and you see key change towards ESG/ Green energy

F) and you see 2022 closed off with mitigation to manage losses and improve bank facilities.

BUT the SP still goes down like crazy on the back of mass investors selling off? I don't think so!!

Normally market movement is relative; you cannot have bias towards one direction because systems are not supposed to do this - UNLESS someone has asked it to put more weight on sell and/ or someone is manually holding the price in a specific range.

After this latest deal we will definitely get a clear answer as to whether there is market manipulation going on. The share was double SP with dividend in place, the share was double SP with worse banking situation and most importantly the SP was double without USD8 to 10 billions for PFC only - that is 2023 alone.

So, how is it possible we are at 75p?!! Well, we will soon find out.

I second that - thanks JCL.

You can call them and log a complaint/ review by the marker watch team (they have a different name for them). I did that about a month ago, but they did lack the basic knowledge of shorting and I gave examples of dates, events and the materiality of how and when things were happening.

The London Stock Exchange is also another key company as it's on their floors, the book-runners are doing some prettty F-ed up stuff.

Just one final note on this - PFC say they are global and their deals and work recently still continues to PROVE this.

I still have this feeling about Middle-East - I think Saudi Aramco and Dubai ADNOC are on the pipeline!!

Dark_Knight lol

But in all seriousness - I am sure I speak for many when I say this, but this better go in to 80p after all the recent deals by next week!! PFC have proven they are now just doing what they said.

Enough is enough - those MMs and anyone else are on the watch now!!

We should have been well in to £1.50p this year alone based on all the very positive news. But without making this negative, I won't go in to why I think we are not well over £1 now!

PFC are clearly just closing one deal after another, and those of us that have brought and hold - we will be the winners in the end!!

Good luck to PFC on continuing to close deals - I wrote to them to say thanks for the new style of comms - it makes a real difference for anyway.

Haha - yes we do buddy!

By the way, has anyone noticed the new 'language' and style used in RNS/ news lately.

This is how it should be - very good up-beat comms and they doing it strategically too!

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!!