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Yesterday was the first time in over four years that I enjoyed being a PFD holder. Somehow, I resisted the urge to revert back to day trading. I suppose the next few days will give a truer indication of how the SP will go for the short term? GLA
I started with £7.5k, within two years I day traded this up to just over £20k. Four years ago, with the news of the "phantom take over" I plowed the lot into PFD. Since then I have cursed my self and the company with my paper loss. Always thinking if only I could get my money back?
Now because there is no interest on any savings accounts, I am happy to stay in and see? GLA
Pee, for the last five years I do not recall any Trading update, that didn't result on the SP dropping on the day. Also, I often wonder if the SP is being kept at this level by the favored MM's and other powers, to attract company buyers? After the last fiasco, I suspect any thing is possible with this lot. GLA
I have always cursed the day that I was foolish to get into PFD. Also I don't pretend to be as wise, as many of you city boy and girl professional investors. However, I am sure that cash generated is far more attractive than long term debt. My observations of visiting various food shops, is that PFD products seem to be all shifting very nicely.
My only concern, is that our useless management are taking sufficient precautions to protect the production and distribution staff in order to maximize production.
I don't think anyone is surprised that the SP is this level. But the survivors will still need feeding !
Kit, you are correct. I think I have cursed this company for a lot longer that 20 posts. Years of sp decline, profit warnings, excuses after excuses and the curse of the endless debt. It just seems possible, that things/ attitudes are starting to change. Even at 40p I am still £1000's down, but would regard that as some hope. Please let it not be another false dawn?