Member Info for JG68

I'm sorry but it is not a good sign when the same thing has been happening for almost 2 years.
If IIs were loading up possibly for Divi income or because its so undervalued, we would have seen it by now.
Some on here probably bought in at 200 thinking it was a bargain.
Others woukd have sold at a loss and bought back in 50p cheaper.
There's no glossing over the way this performs anymore.

And we're still lower than the day b4 results with 2 days to x dividend

I think that because US futures have dropped from being up to broadly flat to slightly lower, its just impacting wider global markets.
Could go either way this afternoon, back to following whatever mood they're in over there.

From a nice rise we'll be lucky to stay blue today.

It's getting to a point that the market either knows something we don't to keep it in such a tight range when it's not falling, or the market is fixated on NEXs debt despite them reducing gearing and the likelihood we are close to interest rate terminal rate.

The two things I don't get are, one why aren't more investing for a dividend at this price, knowing that the interim for this year will be a third of 5p ?
And two apart from awarded shares ( not sure if they are exempt from insider trading rules), still no director buys and price is lower than the 124 the day before the results.

Dark Knight
That's exactly what IR need to start doing, counter these leech funds/brokers with a positive RNS every time they get attacked

Imo Jefferies are just trying to paint a weak forecast outlook either to benefit themselves or allow their hedge fund friends to profit.
They craftily referred to middle East and North Africa as their biggest markets when trying to justify their rating.
Recently Liberium did the same with NEX after a great set of results and dividend announcement.
Then they backtracked a week later changing their sell rating to hold.
What PFC really need is another significant contract RNS to drop sooner rather than later.

Brokerage Jefferies downgrades the oilfield services
provider to "hold" from "buy", cuts target price to 70p from
160p

** Brokerage materially reduces estimates for FY23 and FY24
core profit to "street-low level" on concerns of slow oil & gas
awards and possible tax-induced slowdown in UK's North Sea spend

** Jefferies flags lack of Engineering and Construction
division (E&C) awards in core areas of Middle East & North
Africa in over three years as a major area of concern

** Including session's losses, stock up ~7% YTD

Maybe it is pension funds selling, because today like many others in recent months, the chart looked like a heart monitor it was so tightly maintained

Regarding future dividends they have already stated the intention for the interim to be approx 1 third of the previous FY, ie 1.66, so if they maintain a FY dividend of 5p that will be 6.66 for the next FY. 5.5% yield approx on today's SP.

How the hell did they close 0.7 on Friday without it spiking the SP?

Problem is there is such low volume here, not many PIs, so the sp can move significantly on little volume.
I keep saying, wrong place to be listed

Thought this is supposed to be a growth stock!!
Beats profit forecasts, SP drops
Share buyback SP drops
Lots of shorts SP drops

Sort it out IR, clearly your strategy for shareholders value / returns is not working

Yeah big crash coming, bla bla

Esecallum is Quetta!!

Saved you the trouble.

Net debt (2) was US$396 million at 15 December 2022 (30 June 2022: US$341 million). Liquidity (6) was US$451 million on the same date (30 June 2022: US$511 million). This reflects a delay in the expected receipt of certain 2022 settlements and milestone collections to early 2023, the delay in new awards and the unrecovered cost overruns in the E&C legacy portfolio, partly mitigated through active cash flow management.

If you read December's update only 3 months ago, and consider the upfront monies to be received for the contract, and payments received from contracts completing, you can judge for yourself whether they are skint.

Azvalor own over 25% between 2 funds, I'm surprised being such a large holder they havnt made any waves.

He went long at a fiver loooooool
And now short looooool

Pokerchips shared a Euro website that showed 14 % total in February, which obviously includes all the below 0.5 ones