The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
You are very selective in the points that you lost in the Petrofac update.
You forgot to mention their strong pipeline of work outstanding.
Incorrect, the market is NOT anticipating a rights issue. That is your speculation and unproven view.
Absolutely agree. There would be no point in trying to raise cash while the share price is suppressed. It would have to be at a discount so would raise very little cash. A non-starter.
Again this is more speculation.
As soon as any company's share price as a moment of struggle all the usual comments about cash raise, delisting, shorters etc surface.
Unfortunately, that is the nature of free speech.
But free speech does not give anyone the right to mislead or cause investors unnecessary worry.
Did you get up early just to write that pointless comment.
Yes, I was joking about the medication
I was trying to stress that it is not helping writing messages and implying they are factual.
For some people, new to these types of board , it can add to their worries. And I know some will say they should not be investing if they get worried.
I have always believed the purpose of this type of board is a forum for discussion.
They are not to promote someone's personal agenda, although they are often used for that purpose.
In the end, you should go to reliable sources to verify any 'facts,' stated on this board
I have never read do much unsubstantiated rubbish regarding share dilution.
As soon as any share starts to fall all the dross comes out spouting share dilution.
Some of you people need to take some medication.
My only piece of advice to anyone reading these boards.
Decide what is FACT and what is OPINION.
Facts will come from Petrofac.
Lewbo,
Who do you think you are telling me to sell up.
I don't need it mate.
How is that good news ?
We are now at 5.70 pence. Where we were 5 years ago in the KK days.
Where are these US buyers ?
SM are just not in a rush. PI's are irrelevant to them.
Thanks for letting everyone know how you are such a good trader. Got to the top of the class.
Typo cheso should read cheap.
Only 0.30% of shares have been traded so far and the share price is down almost 6%.
This is pure MM manipulation, buying shares on the cheso, readying for a bounce.
What can you do but hold.
The Institutional Investors own 45% of the company. Do you think they would just let the investment get destroyed.
There must be a plan for revival, possibly a takeover may be in discussion as we speak.
The asfari family own 16% of the company.
They are not just going to throw that away!
What a pointless, unfounded comment. You have no grounds or evidence whatsoever to suggest there will be a share raise at any price.
Are the directors of PFC just going to sit there and let the company share price be destroyed?
One of their functions is to maintain and enhance shareholder value . Surely an RNS or message from the BOD to carm the market and explain what is to happening is required now. We cannot wait to April for the results.
It is not strange we have drifted. !
There is always potential news on the way - that is the problem - it never happens.
Those 3.96% of shares that are shorted have got to be closed soon. That's some 21 million shares that have got to be purchased, or those holding these short positions may get caught out.
Those holding these short positions must know that PFC in in an oversold position, RSI is about 14. This has got to play out soon.
This is well into oversold territory.As the wise old Sage 'Mr Buffet' stated , the time to buy is when everybody else is selling. Assuming the company in question is sound. PGC falls into that Category.
Terry,
Your point 1 - SM are making money, they are already in 700,000 cars. And then there is aftermarket etc.
Any savvy US investor will understand the potential ; and of course there is the vehicle legalisation. Again , US investors will understand the potential due to changes in the law.
So what is really holding them back?
I have always put the majority of SM woes down to its PR, or should I say lack of good PR and marketing. They never miss an opportunity to understate their good news.
That is my humble opinion, and a PI with much capital to lose, if this goes South
Look like common sense is starting to prevail
Brent Crude is picking up and there are some chunky PFC buys. Hopefully, it should close positive.
I think you have summed the situation up very well. With an option price of 4.41p, PMG has zero risk. I remember when they were set and this board with shouting out that the option price was a farce.