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Poor report yes. But that is expected. And was a while ago. The fraud was clear. But there has been fraud in almost every high street bank( RBS/Lloyds/Barclays/HSBC, Tesco cooking the books, Glencore found guilty last week etc etc etc. Fraud in our government. Fraud is endemic.In 2013 , the govt. watchdog company against banking fraud lost its CEO. He abducted to Mexico with the govt. funds. True story. It is the way of the world .
This company is being targeted by shorters for other reasons. We don’t know what.
Or just targeted.
In 2015 Glencore was targeted by Goldman Sachs to 65p. Now £5.35. It was just a target.
There may be something dismal leaked from the report. There may not be.
You are not alone.
Many of us are on a big loss.
It may get worse.
It may not.
Low expectations are healthy.
Hanging in there for a while more seems prudent. I’m not selling either.
Shorts may either know something re.bonds or fundraising, or just want to suppress for profit.
I do know that they usually don’t exit quickly, so I would say be prepared for a wait at a low level and for it to go down more. The market is corrupt and manipulated. Shorters donrule the roost. They can drive it down more no matter what the update has to say. We are generally not expecting a good update though, so shorters will probably try to drive it down more. They really don’t exit in a hurry and 3%+ shorted is a lot of shares.
Hunker down and be prepared for a little more pain I say. Or just bottom drawer and leave.
Fund raise? Rights Issue? Placing? Bond issue? Who knows??
I give this 6 months to start a recovery…..I am npt happy but feel I am sensible.
I bought originally pre-SFO.
Being delusional means being unaware of one’s wrong or mad idea ( trained in psychotherapy). That is not the same as ‘slippery super-ego’. That is the absence of morality and willing ness to not give a sh*t about the other person.
I read the latter loud and clearly in the last few posts. Whoever is right, and if I end up losing money or not, I’m glad I’m not a ‘scumbag’ who delights in others’ misfortune.
Don’t trust posters who undermine holders if they don’t know the difference between ‘there’, ‘ their ‘ or ‘they’re’.
Ok ….no direct connection with share knowledge and meant in shady humour here.. It’s really not important and being snobby is worse!
But NOBODY (!) should be trying to influence anybody. Poor spelling is fine-honestly. Stirring unrest is not!
So , because of one random poster’s change of heart, we should all sell!!
Never take share tips and never trust anyone you have never met.People do,
I would never dream of giving investment advice to other people….on a random website like this. Please.
Sistematica has significantly increased shorts 13th Dec. Others not budged much. Games being played. It’s how the City and foreign players work. Hand in hand. Possibility of leaked info, but contracts are being won as we see. Problem is that the City just about always knows anything before us, and is as corrupt as hell …aided by a government which turns a blind eye to inside dealing and loosens moral restrictions ( see last week). I’m on a significant loss and it seems that a poor update or fund raise is expected-although PFC is not short of cash. We’ll see . In 6 months we will have a better idea.
They were very effective in their day (‘39-‘45) Just wanted to give P100 a way out of his endless misery.
Think Wilko are out of them now though.
There’s been a rush on them from shoppers spending too long in Tesco ( Xmas music alleged to being contributory factor)
I suspect some leaked info though. But maybe that’s my mistrust of management , my personal contacts who work for the dhsc who leaked all sorts of stuff to me during lockdown time so I knew when lockdowns were coming, and the subsequent cynic in me.
But maybe it’s that random tweet.
What a pitifully run company re.PR.
They could do so damn well if not so lazy and arrogant.
In our mature democracy, peaceful protests can never ever be stopped .
Even in Iran and China they can’t. No country in the world can. Not even Russia .
Protesting is part of our constitution. It’s just that the govt. has its own feeble agenda too often and ignores written protests. But more people should anyway. I am involved in politicsand have direct contact with ministers ( via my MP).
More people shoud protest this way and yes in the streets too, but peacefully. Too often an excuse for biolence. We will never ever end up a dictatorship like Russia or China where protests are not allowed. But they happen anyway!! Huge illegal protests in both countries this month.
I have tried to change the shorting regulations here and try to put them more in line with Germany. Fail. Govt. not interested. Makes too much money from the City. Idiots have only last week releaaed 2008 ‘safety measures’ on finance!!
This govt. in all my years takes the biscuit for idiocy.