Member Info for crl123

Decent post.

And don’t forget the Shell contracts :-)

AD66
An excellent post. Shorting is banned in some countries. Following the VW short squeeze, Germany banned all shorting of stocks you don’t own yourself ( a contradiction in terms). A healthier market ensued. Shorting stinks. But so do dangerous drivers. They both carry on as usual every day. They both get away with it even if the latter is illegaland occasionally gets caught. Shorting destroys a balanced market and destroys companies. It stinks. But it’s legal. I can’t stop the a**hole drivers I meet most days. So I have to live with a**hole shorters too.
As was said, they lead to all sorts of worried stories and fears, but that is our responsibility.
I am not optimistic nor pessimistic re.PFC. I just know that shorters want (y) our shares and they wantvus to be worried and fretting enough to sell them. They would like to make the company go bust, so they don’t have to repay shares. But their dreams are just that except on certain debt-ridden occasions. I am sure many scare-stories will arrive and have arrived.
I have no panacea nor answer re.PFC, but I am not going to be persuaded that shorters are nice and cuddly matey-peeps to buy a Guinness for. More likely to use the spitoon in the corner.
I have nonidea where this share is going.
Neither does anyone else.

I did say that Astaris /Sostematica/World QuantGLG would algo us down here. They may want it in the Seventies…maybe even lower. Shares have no bottom.
But there is no reason for this other than opportunism and legal but amoral profiteering. Shorts destroy but are legal.
Pathetic govt., pathetic FCA and PRA.
PFC have cash and oil may falter in a global recession but shortageswill support the prices. PFC has cash and prospects in 2023 , even if the results on 20 th Dec. are already known to be unfer par. The ground is firm. If people hold shares ( as I do-on a loss of course) , it is a case of literally give them away or ride the storm. It may be a little while but 79p for Petrofac is just a shorter’s algoed manipulation.
Not that it won’t go lower.
It may well. It may not. But it is sensible to be prepared for more shenanegans I think.

Shorters doing their stuff.

There was no reason to shoot down a positive and optimistic non bullying non-ramping post by Eurofil.

Yes T9999999 . You prove your own point.

:-)

Shame threads attract people with chips on shoulder. Good to green box them when you recognize this.
Thanks for the awards info.
PFC are still being played by Astaris and perhaps Sistematica. They drove this down today as expected, but might be buying back as on Friday.
Not surprised if we go sub 80 as it’s so easy to do with multiple micro-trades on auto.
But this does not sit pretty at 80p and if one has the patience, it will find a decent price whenever the leeches have exited. Results are not going to be fantastic, but that was factored in already. Shorters are just opportunists. Pfc has cash and is not on the brink , so it is just a convenient shorter target. I detest them but it is governments which allow them, so you can’t blame them as they are legal.

There was no trigger really. Shorters just chose a target. Could’ve been Ncyt, SNG, even biggies like Man or Glen . I remember GSachs shorting Glencore to 66p in 2015!! Now £5.50. PFC is a very strong hold. Order book will stabilise and grow 2023 as oil stays firm. New guy won’t just sit on hands.
Patience will def. prevail here. Strong buy but will need holding for 6 months to reap full rewards.

If people are willing to tolerate the opportunistic shorters, this should be back over £1 by middle January. Results could make it go either way , but the momentum is clear. This was pure market manipulation, so you have to let it play out.

Pokerchips.
You summed up reality well.

As PB said, this is simply in the hands of shorters. I have been in and out of PFC since 2015.
Don’t give up hope or your shares.
Markets run on fear. And the shares they borrowed and are paying a daily rate on have to come from somewhere when they HAVE to buy back.

Arrogance is not an attractive trait.

This is simply being controlled by the shorters. Seen this manipulation so so many times when shorters get involved.
Ride the storm.

Someone clearly has a ramp-agenda with another share here.
Also it is important to say that for a share to drop this much there does not have to be any reason other that manipulation for fund/shorters/favouted buyers etc etc. A Placing or Rights Issue can cause this on leaked info. But usually it is just market manipulation. Those whonthink there has to be a reason which will come out in the woodwork are wrong. Sometimes. Often , even usually, not. Shorters manipulated price to buy back more cheaply.
Yes Schroders could have sold more. Watch for RNS if so. The other fund is, however, buying in tranches it seems.
This will probably drop more, but it doesn’t have to. And it has already been a big (!) drop. All time low for 10 yrs I think. And no SFO with oil bubbling higher. Games afoot.

I’ll go with that
Goodnight

Looks like World Quant and Astaris have jumped in though.
Leeches. They destroy companies in a legal manner.
I buy when others are fearful too-only solid companies. PFC has ironed out most of its issues now. But I hate shorters with a passion so we’ll have to see where we go from here.

Shares bought. Shares sold. Hard to know which at 84.05 as that was both buy and sell price at end of play.Market does not always work on hidden news. Prices are driven up or down. Just controlled. In this case probably by shorters. But one fund sold..another increased too. Only the office City boys really know. We can only watch. I don’t expect a bounce as it’s too obvious. They can milk more from this fearful plummet. But either way, the management may have changed but the Sword of Damocles has gone. I was in here back in 2015 I think it was…when the SFO announced. Taked all this time. Now PFC just need to work with a new guy at the helm to up the orders in a tricky global environment. Ultimately the market needs your shares. Don’t panic Mr. Mannering….why give ‘em to the market manipulators? If there is bad news, it’s serious insider dealing. Not sure they could escape even the toothless FCA. Seems to me to be opportunism and shorting, or even a drop to facilitate buyers. Shorting seems likely according to Shorttracker . So it may drop more. But there are people who will buy a huge firm cheaply so there will be demand. Any share can go anywhere. As could this. Doesn’t mean there is bad news. Maybe fund sold more? Not a clue. I just know that shares are seriously manipulated and divorced from reality as a result of the Autobot. You can never call the bottom. And you can miss it too. Further to fall? Maybe. But it will have to revive sometime and shorters always buy back.

You’ve missed the point Razza. Because of the deprivation of social care, more beds are being retained with the same patient as they cannot be sent home. It is different.
And the social distancing has reduced immunity. Perfect storm. There are implications to heating costs too. We really have a winter of discontent ahead, but you have not analysed it so don’t understand the structure of this.
Me , I also don’t understand smoking the Telegraph…but I don’t need to.