Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
If you’re going to watch the share price half hourly you’re going to wind yourself up into a frenzy, ruin your day and probably make the wrong decision.
As previously stated, I have nearly 700k of these and have watched them fall from 55p to 15p and averaged down all the way, not out of wisdom I would add but I’m currently watching 7k a point wiped off my paper profit and still not ringing my hands.
This is not going to go up in a straight line but I believe it will go much higher since there is excellent value here once the finance situation becomes clearer. In the mean time, be happy with the 100% gain in 2 weeks and trim if necessary.
Best wishes
Tony, I’ve read all your posts and now I need your advice, can you help?
I’ve been sleeping with my wife’s Siamese twin and I’m sure she’s going to find out. I know we don’t know each other but you seem to be convinced that you can predict the future. Do you think she will find out? How do you think I can keep my indiscretion a secret?
thanks p119
most of my posts happen when i’m **** faced and bored however i’m one of those functioning types and tonight i’m prepping for christmas dinner which i’ve been allocated to cook this year…
i don’t disagree with shorting, it’s like cleaning a festering wound as there are companies out there that don’t deserve investment so, as much as it feels like they’re vultures, they clean up the crap without wishing to be vulgar.
wrong in this case of course however it was touch and go.
i sincerely feel that this company will make everyone long here a fine few pounds.
Snapper, the most vociferous poster of doom. I respected his commitment and his arguments however he’s now 50% out of date.
Tony, while your posts, on occasion, made me smile I wondered whether you were just bored and awaiting the next release of call of duty to fill your time
They’re just averaging up on a rising price just as some of us were averaging down for weeks before Wednesday and looking for an orderly exit.
Wednesday was a game changer after all the fear posted for weeks before.
This stock price is going one way and that’s up, it won’t be in a straight line though and they’ll buy on the dips hoping to get out before an RNS stating a finance deal.
Contracts placed under confidentiality agreements where reassurances over the companies finances would have been discussed. Contracts then placed, nobody in the actual know/doing business is obviously that concerned after those discussions. Just my opinion.
This will see a steady climb over the next few months and beyond along with a few short term dips but the trend will be upwards
Of course Tony, that’s why it’s up over 37%
Keep shouting at the traffic from your park bench
After months of propaganda from the dark side I’m so glad I held onto these golden tickets.
Sharp rise today followed by ongoing uptrend into 2024.
PFCvet, sure you feel a lot better this morning!
Best wishes all
Snappy,
Why are new contracts being signed after the demise of the share price? All the news regarding Petrofac’s cash flow is in the public domain.
For instance, yesterday’s announcement from Total, why are they signing with a company that you say isn’t going to make it? What’s the agreement in that deal and what are they discussing in confidence that we wouldn’t be privvy to?
Surely total would have discussed the financial viability of their supplier and had some concrete reassurance that isn’t public knowledge yet since they signed a three year deal.
In my very humble opinion, I see the new contracts that have been signed recently as an encouraging sign and a pointer to what we may read tomorrow.
All the recent contracts would have been signed with a non disclosure agreement and the buyer no doubt would have discussed with the seller the current financial situation at Petrofac and yet they have still committed to buy their services.
As with the last RNS and the price action that followed I am expecting a drop early tomorrow followed by a steady rise as shorter/other punters buy on the news.
Let’s hope I’m right…..
Always a barbed response from you Al4x
With respect:-
I’m a holder but think this is going bust
I’m holding on today but will sell tomorrow
I’m holding but think this is gonna fail
Not your responses specifically but you get the jist. You’ve been talking like this for over a month 🤷♂️
Thanks onwards
I just find the whole situation very strange and within such a short timescale.
I’m a holder, been very transparent about that but to be honest, with reference to an earlier post, I’m running out of beds to sleep in 😜
I think we’ve gone beyond macro news making any difference here. It’s specific co. News either now or on Wednesday
Still hiring, sub contractor farm outs and today, commencing works. Is it business as usual?
I can’t make head nor tail of it….
And all this in 9 weeks, after an upgrade from a respected institution….
It’s been astonishing to say the least however it’s not over yet. All will become clear next Wednesday.
One RNS from the company after a near 80% fall in share price is pretty poor considering they are obliged to post after a 20% fall in stock value and I guess that sums the situation up.
It was either too fast to comment coherently without causing further panic or they simply just don’t care.
I’ll hold until the RNS and then make my call.
Then well done to you. Apologies nettles and the best of luck with your investments
Yeah, I read it and you sound like a lemon.
So, you’re going to hold another poster to account over your investment?
Taxi for nettles….
Well, if you’re on this board, you’re clearly an investor right?
So, what drove you to invest in pfc?
And your input is?
With respect and myself included, at least post something worthwhile
Pooh