Member Info for crl123

I don’t want to bother anyone-I am long and losing lots- but there is no bottom. 40p may well be reached. Even lower. Shorters have complete control and it suits the BOD to buy back cheaply if they choose to after April 25th. They may not of course.
I did say a week ago that this would stay low a while. I hold by that.
I am about 45% down. I won’t see that in a long while, so it is accept and leave. Buy if you can. But we have at least 2 more weeks of drops or range trading here to buy back. And don’t forget that security of info is a fallacy. Insider trading is the norm.
Buy or wait…..open endedly

Out of the woodwork.
Usual posts

Yes very useful. Thanks PC.. And to others on this thread.
I also can see shorters covering from week 2 April. Slowly so that they don’t cause price rise. Or they may , as PC suggest, put enough away at C50p to cover anyway. Taking it to 47p is a blinder to be honest, and only possible in a closed period.
To be short on April 25th is a genuine gamble. So we have about 2 weeks of shareprice opportunistically driven as low as possible. At least a penny a day.

Closed periods finish on 2022 results day.
They may be terrible and cause a drop. All the more reason for buys like same event last year. Shorters can drive this anywhere, but if Iskander got his sums right. PFC will be in profit in a year. And oil is firm as is exploration and Middle East demand for contractors and China for oil.

This is what I said yesterday Kirti. This same action took place before trading results end of last year. Then directors bought. Financial results April 25 will be poor certainly. But we knew this last year. It is the closed period which is the reason for 48p and lower. It’s why shorters rarely lose.

Snapper
That was a cut’n pastr. It really was.
I take it you are not long?
I think you don’t also know much about shorters. Seem not to.

But but…But…Noddy told me to buy !! Big Ears disagrees. Postman Pat is on the sidelines.

I have a mate at Macdonalds who works part-time . He got a tip from co-workers in his burger joint who have inside knowledge from top-bods in the City. They only work at Macdonalds ‘cos they have too much money and are bored.
Their contacts in the Coty tell them that Petrofac is about to be attacked by Cyber and precisely targeted weapons from Putin , enlisting Xi, and Big Ears as aback-up.
Sell now!!
Everyone!!!

There is one thing depressing the share price and that is shorters’ selling blitz. Astaris sold a fortune on Thirsday and Friday. This was 80p a month ago.
Right now it is all about shorters in a closed period before poor known financial results . Apart from a bit of an interest rate rise and Putin upping the threats in Belarus, not much has changed. It’s all shorters at play and they can take this where they want .

The thing we have to bear in mind is that April 25th will be full year financial ‘22 and we know it was not great and debt was at £396m. So this is just an opinion, but I see the 25th as just a tick box job . And maybe a chance for new guy to say hi.
In my opinion PFC investment is all about shorters right now. No director buys are allowed. They can drive this to 40p if they want and it will be fed by p/i panic when it os just autobot selling manipulation like the Thursday and Friday Astaris selling spree. That is what it is all about and not real valuation. Shorts can gradually buy back in for 4 weeks at their leisure and can even crash the price on the 25th if they choose , and make more money. I hate shorting but it is legal, so it is really about me hating this duplicitous government.
Which I do. ( I resigned Party membership because of Boris”- led corruption, and Truss took the biscuit as the worst PM in history. Hunt is out of touch . Sunak is not, but he is the ultimate game-player. But anyone beats the Boris-sleaze in my book even though he was part of it).
Shorting is legal and the share price will ( imo) stay very low for a painfully long time. Otherwise, how can they cover? I have seen it so often. We have to wish April away and give it as long as it takes.
Contract news could change things but directors may want this in the forties or fifties when the closed period ends!!!
I never believed last year’s drop was accidental before Asfari and Iskander+1 bought in. It is my view that they engineered it. What a perfect price for the new CEO to buy in , eh? He may have had a cosy chat with Astaris for all we know. The City works behind closed doors and not via traceable emails.

We already know the full year results data( due 25th April). Net debt is C396m and the interest rate hike will be hurting. The results cannot in retrospect be positive.
Oil price is lower but still forecast to be higher when China increases growth. The fact there will be a new CEO is also potentially dynamic. He will have been busy. We have a month until 2022 financial results, which we know are poor. Shorters have the ideal time ( closed period) to hammer this share. They did this last Nov/Dec before big director buys post trading update. 64-66p. Imo best thing to do is buy if you can , or just leave. The results will bring nothing positive, so we are at shorters’ mercy for as long as they want. This could even go into the forties next week. ( I have no agenda! I am long and losing. Just giving my opinions).

Results, when they arrive, are unlikely to be good, but PFC is not under any imminent threat. Astaris and all other shorters can force a price down very easily and buy back gradually. They know there is no sudden news nor director buys which can catch them unawares. It’s why shorters always win ( bat the wonderful VW burn 15 years ago). There does not have to be anything bad in sight. Shorters create their own damage. 4% short is not terrible , but it is up from 2.89 a month ago. They often act in concert too. The market drop in March was an ideal opportunity for them, inc Kairos who entered late and must have wanted to close below their C65p entry.
Each day costs them though. Borrowing the shares is not cheap. But they have it calculated. They will keep this price low for a while now in order to close bit by bit. Too quickly would force the price up. We will (IMO) not see above 52p for a while. They need it at this level or lower. I have to just sit out my large loss and let it be, as I have an inkling how they operate. I certainly feel we will be stuck at low levels in the Sargasso for a while. They need it to stay this low. So it will.

I still see this as sitting low for a while . All my opinion.

David, I wish more people had your outlook. I am afraid too many do not want fair and balanced discussion. Some do but too many have referred aggression and do not comment in order to share, but to criticise. I always say when I am speculating and admit when I am or may be wrong. I don’t frequent the boards that much any more as they are often acidic.
I am losing on PFC-who isn’t but I do not see any inherent flaws worthy of this crash. It was all known. Even with higher rates, the company is still doing what it always did and the new guy has to turn contracts into realities. I see this as market opportunism by shorters. They have to cover at some stage. Funds are not desperately needed and negotiations in place to extend debt. When a stock tumbles, the fable-tellers arrive in order to worry people.

David
I could not agree more.
Not with the medication bit , absolitely not.
Metaphor maybe. In reality of course they don’t. need medication but they need to get their facts a bit more checked, correct.
But you are right about this dilution twoddle and all the other twoddle.
It’s just opportunism by mm’s and shorting
.
Punkt

My opinion ( all it is) is 48-52p for 4-6 weeks minimum. Purely speculative opinion

Reality
Certainly.
No doubt.
But I have learned the hard way in this Las Vegas game. The very hard way . Chewed me up and spat me out. I will never recover unfort.
So I recognize manipulation of price and sentiment when I see it. And I have been eaten up by shorters far too regularly.
Lots of things are not in PFC’s favour . They have contracts to win to get back to being profitable. But inflation was the same acmonth ago. Interest rates are unlikely to rise further after the banking fiasco….so my comments are more about the market and how it plays on sentiment, feeds off it, and uses it. Shorters are part of the process. PFC has work to do , but 80p to 50p in 2 weeks. 60p to 50p in awesk Well…..reality does not figure.
Kairos have been waiting. And Sistematica ( long term shorter) and the other new Kite Lake shorter. Opportunity knocked when interest rates went up , banks collapsed and the market followed. Time to pounce.

This sharecprice is not about dilution or anything else material.
It is shorters doong what they do.
F goodness sake, nothing has changed except the harbingers of doom are on the scene. Just let this play out. May be a few months. It’s ordinary market manipulation and investor panic . Just let it be and don’t buy into the short term gloom merchants.
3 directors bought bigtime at 64-66p in November. The company goes on as normal but , as with all others, has to service debt a bit higher. The merchants of doom would have you thinking Admin.
It won’t recover in a rush…shorters don’t do that on the lse….but look in in 2-3 months when inflation should also be down , but oil up as China gets going.

Reality
There’s a lot of tosh being written here. Don’t buy into it. It’s what people do to get others worried. Such twoddle. It’s what happens when shorters send a share crashing.

Reality. Good post. But these issues are well-known , and 2024 is set to balance them. Nothing has actually changed from 80p ( except the interest rate, likely now peaked). Market overshoot both ways. Especially when shorted. Great entry price. Well done. I can’t or would.