George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
I meant when the share price tanked not went under.
Its interesting that the ratings has been updated from Oct when pfc went under and a few new articles have been written so close to the update. Makes me wonder where these big shots were when the share price was tanking.. there is one point which a few of us might have missed. If you read rhe article this morning taking about contracts are leveraged guarantee against the bonds incase of blah blah. Its funny pfc have been hiring like crazy and subcontracting. Provides evidence that their clients aren't panicked and those projects are in full flow. Makes me wonder how much hysteria has been created reminds me of lockdowns and how we were all going to die and turn into zombies same hysteria.
I guess moment of Truth next week from the horses mouth. 6 days left. Next Wed. 20th of Dec.
Very good update. Good cash position and net profits. Hopefully this will go on a good run
Maverick 5 days and 23hrs lol
I think you spoke too soon. It was up 3% and now down 1%.
Yes Onsolidground. Very true. Best of luck mate.
Beware shorters things can get ugly fast. PFC are in M.E UAE where money is in abundance and after the COP28 the Middle East are keen to get the slice of the pie for renewable energy deals. Also, UAE is hunting for companies to aquire. With an order book of 6 billion PFC are sitting in a good spot. So shorters might get caught with their pants down yet again lol
Hedge fund short sellers rocked by Sainsbury’s share price surge amid Apollo takeover talk
August 25, 2021
- 1:32 pm
Related Topics
Funds, Intelligence, Investments, Long-short investing, Managers
Hedge funds betting against Sainsbury’s have been left counting the cost of their negative wagers this week after the FTSE 100-listed supermarket giant saw its share price rocket on the back of fresh takeover rumours.
BlackRock Investment Management, Marshall Wace, and the Pelham Long/Short Master Fund are among the high-profile hedge funds positioned short against the UK supermarket giant, according to regulatory disclosures made to the UK Financial Conduct Authority.
The UK’s second-largest grocery chain initially saw its share price rocket by some 15 per cent on Monday following weekend media reports that US private equity firm Apollo Global Management was preparing a potential GBP7 billion (USD9.6 billion) swoop for the retailer.
Though Sainsbury’s value has since pegged back slightly, it remains up more than 10 per cent this week. Wednesday’s 321p is approaching a near-three year high for the retailer, which only last month was found to be the second most-shorted company among London-listed stocks, according to GraniteShares data.
FCA disclosures show BlackRock has a 2.02 per cent net short position, Pelham is sized at 1.28 per cent net short, while Marshall Wace is 0.65 per cent. In the past, well-known brand name hedge funds including Citadel, AHL, and GLG Partners held bearish bets against the company.
Earlier this summer, short sellers took a hit after the company surged on the back of surprisingly strong Q1 sales numbers, which prompted it to revise its profit outlook upwards.
New York-based Apollo – which is also understood to be eyeing a consortium bid for rival retailer Morrison’s alongside Fortress Investment Group – is one of several PE giants said to be weighing up a bid for Sainsbury’s.
Along with Tesco and Asda, Sainsbury’s and Morrisons comprise the UK’s ‘Big Four’ supermarkets that dominate the grocery sector. Sainsbury’s is seen as a particularly attractive target due to its extensive property portfolio in the southeast of England.
I cannot see the clow gangs posts. I have blocked them all. Moment of truth less than 6days and 20 hrs left...
Snapper owns no shares in PFC and yet is the boy who cries wolve for what reason just as a good samaritan ?I can't believe he is just doing it to warn us all of the doom lol
Why is Mr de Brunner not liked very much on this board ?
Downbutnotout is a demon who plagues boards till companies go bust. Mentally ill. Needs help.
Scm get on twitter and start preaching the message
You all see Newcastle coal up by 6% to 148 almost ? Shame Richards bay coal only moved by 1% to 109.. need it to catch up. Very low for this time of year
Yes Roxi looks like the shorters are attempting to push the price lower. The issue they are having is that their are too many people waiting to grab the shares as they get pused lower. Remember they have aroun d 92 mil shorted shares including shorters who have under 0.5% postion.
All plz get out and start tweeting and join reddit ! We want this to be an all time gamestop rally for Europe's biggest shorted stock ? You are all preaching to most of the converted here. We need to get the message out.
Paul why have the shorters increased in your opinion ? We should arrange a short squeeze bigger than game stop and squeeze them hard. Higher the shorts more chance of a squeeze. I bet anything pfc will announce another big contact win on the 20th and surprise.
Shorts increased on Friday because they did not expect this news. We will have to wait till tomorrow to see what they have done since this new rns. FFace CEO should have put one out weeks ago. Dipstick
Onesharewonder, looks like they increased on the friday and others on the 30th. I suspect that PFC will have an update on their finances in a few weeks with hopefully good news. I wonder if they are using the cop 28 to dicuss all this with some key power people there.