Member Info for Echo1

Share price has been on a sharp down trend for the last few days. And today has dropped 7% on no buys or sells.

Anyone else wondering if the MM's are dropping the price because they think something significant is brewing?

Be good to see some opinion on the board with regards CBRS and federated Wireless.
Have to say I’m not fan of the current BOD but could CBRS be the pot of gold for us lowly investors?!

yeah good point from you both

I emailed Subterrane this week asking if they knew when the geophysics server would be complete on the Thorny River project. The response read 'thanks for you message via the website, please let me know if I can assist you directly'.
I then asked again to which I got no response :-)

Any thoughts on that ? Price sensitive information do we think? lol

Must’ve missed the good news on the website JL, would you mind enlightening me?

Barrie

Very much agree that the money barn issue could be a catalyst for the companies fortunes moving forwards - fingers crossed the 20 million that's been set aside will cover the fines etc.

And with regards todays price swing - I do think its just the natural pattern of the markets as apposed to negative feeling towards PFG. We've been swinging between 390 and 450 for quite some time now. Hopefully a general election with a majority government will see a surge in the markets - and hence a surge in the PFG share. I topped up yesterday, my average is now 480p

DYOR and GLA!!

Yes someone certainly building a position
Another 700k trade after hours today.
Someone certainly has confidence . .

Good buying opportunity for those that are that way inclined IMO

But no consolation to those already sitting on big paper losses

GLA!

Having once had a share price of over £1 it’s been an embarrassing slide down to these levels.
I for one have no idea what the catalyst will be to pick this share back up again. But i’m Holding in the hope that we make a recovery up to decent levels. And what are the company up to? Having 20 million in the bank seems like an odd thing to do. My average in 13.5p

Creeping back into double figures :-)

GLA!!

seems to have had an early positive effect
A nice 4-5% rise, but I'm sure as the day goes on we'll see levelling off

GLA

I for one am not in support of the board. They’ve treated the company like a cash machine effectively leaving investors out to dry.
If you take Hawkeye out of the equation I think CA know how valuable federated wireless could be - and they don’t want the current board screwing investors over it. Hence the potential board re-shuffle

Grippa

I think PFG still do home collected credit which is essentially door stop lending. An agent will come to your home periodically and you simply pay him/her a pre-agreed amount. PFG also do credit cards - Vanquis, car finance and I think they own Satsuma which is online credit??

Please feel free to correct me guys

Yes I'm with you Grippa

If this falls back to 390 I'm buying again. Woodford absolutely didn't want to sell his holding in PFG so to me it shows the fundamentals of the company long term are robust. Pay day loan companies have gone, NSF is on a downward trend. And the need for this type of lending will never go away. Money lending will never go out of fashion IMO

Good luck you holders and it'd be good to see The Born return!

Yes a couple of well balanced posts there Mic
I (like you) am sitting on a high 3 figure loss at present. In fact all the other shares in my portfolio are currently at a loss.
BUT with my other shares I see good reasons not to sell and when given the opportunity to average down. I am not however seeing good reasons with TRIN. As you say global demand is down and with the exception of a takeover bid or dividend declaration what could be the catalyst for the share price to recover back to double figures? My break even is 13.5p

GLA to us all!!

Yes a very good RNS from CA - cheers for the heads up
Allied minds is appearing more and more to be the very worst in fat cat mentality.
The company has consistently underperformed and yet the financial rewards for directors etc have been very healthy. I get the feeling CA are about to kick some serious a**e

Certainly some bold moves from CA over the last few weeks.
And good to see they've clearly got confidence in AM
Any ideas on what their long term goal may be?

I'm not for a second suggesting there isn't potential in this share
But for my mind FARN are far to open to manipulation and at its worst very dangerous.
November 1st was a classic case of this. 55% rise on no news between 8am and 2pm and then a 60% drop in only 30 minutes after a price statement was issued by the company.

IMO be very careful how you invest in this one . . . But GL to all

Cheers BB

Could someone enlighten me as to the importance of the RNS?

I see the ramping is still on turbo :-)

Share price approaching a good entry point IMO
I'm not expecting anything until 2020.

GL to all you holders.