Member Info for johnychainlocker

One thing I am favouring is to hold on. I have decided I am going to go forward holding.

I have held thes shares since about 2104/5 'ish, have managed over the years to get my break even to just over 30p/share.

I don't believe they're going under , mistakenly or not, so having held for so long, and as long as they can maintain and grow order backlog, given another 4/5 years I think they will be north of 30p. I also think that a takeover approach is more likely once PFC have sorted the current f-u c-kup.

--Soooo gonna rest my brain now, relax and (try) stop worrying - it's only money after all!!!!

Haven't a clue but find it hard to disagree with your assessment PFC.

The big short companies - OK, taken for granted they want the share price as low as poss - (seems strange that, so far, they haven't piled back in), but let's, for the moment at least, aasume that SS PFC isn't going to sink, then the shorters will at some point have to close their shorts. That means they will have to buy, big numbers. We saw what GLG closing their ssmall short did to the share price, so how much upwards pressure would that put on the price?

Dear, dear, really cluching at straws here!

Must admit it is now roulette wheel time- what a clusterf'''k

All I know is if I sell someone will come in with takeover, and if I hold the price will tank!!!!

Who else thinking the same?

Appreciated @PFCvet

I've also contacted Daily Mail Money trying to highlight concerns and 'jiggery pokery' going on, hopefully trying to gain any interest at all from people who have the wherewithal to garner info. and also put pressure on IR - 'clutching at straws' I know, however we all know the saying.

Cheers Rock - keep us informed if you will

Think holding up at the moment 'cos nobody has a clue , not a clue, as to what is going on

Sorry, self expanatory probably but just to be clear, I sent the email to IR at PFC not FCA. I just copied to FCA (FWIW!)

Rock, you were quick onto the 2m shares that had been put up for sale the other day, have you got L2?,

and anything 'unusual' showing up again today at all?

Enclosed copy of email sent to Supervision Hub at FCA for info

Could you please explain what specific regulatory requirements PFC were fulfilling with the RNS that was issued on 12th April 2024, and which resulted in a huge fall in the share price.

You had already indicated that an update to trading was to be issued at the end of April, so what requirement was there that dictated this RNS?

I am again in touch with FCA regarding this

Don't know what anyone else thinks, not expecting an answer but it may, may, just keep IR on their toes a wee bit?

What I can't get my head round is BP only recently handing contract extension to PFC. They must be aware of the situation at PFC, so what gives there?

CFO should have been sacked at least a year ago - he's led us right into this mess

You and the reest of us Davebt

To put a little more perspective on it Rock, although GLG reduced (from 0.88% to 0%), Millenium increased (from 1.81% to 2.03%).

So overall yes a reduction in shorts overall - still good to see though

"struggle to win decent contracts"???

You're 'avin a larf, lot of bigger companies than Petrofac would give their right arm for +£8b of contract backlog!

Don't quite understand what you're saying there Sm66. If shorts were increasing they would be selling stock. Will be interesting to see close of play if any have increased, but like I have said before these guys know what they're doing and it would seem likely to me that they've priced this in for D4E all along. If they start increasing again then IMO that would be bad news

Might see off a few of the recent 'additional' PI's who blindly assumed that this was only going to go one way - up.

Me thinks the good old SS Petrofac shipped another little leak and peeps thought the news was going to be good, hence the spike.

So, back to where we were a few days ago.

Like you say Ivor, but buy out is a bit unlikely 'cos anyone interested would surely have shown their hand by now, they've had plenty of opportunites.

Ah well, back to norm!

Even the last half hour or so of concerted selling by the bots of over 200k has hardly budged the price - all starting to come together perhaps this time?

We'll see Morgan. Maybe, maybe not, but instead of setting stop losses I've set limit buys just in case there's a spike down. Anything under 28p I'm a buyer until things become a litlle clearer

Me too Yorkshire. Now at my break even price, but will only start slowly reducing once price hits £1.00, and even then will continue to hold until I'm at comfortable level with rest of my portfolio.

Might have guessed - as soon as I posted. Just starting to show their ugly faces - will be interesting to see if we can hold above the 30p mark, if so that's a big positive

Funny thing is the red bots are conspicuous by their absence at the moment - usually they appear once the price gets close to 30p. Long may it continue

Agree Badvoc. Shorters ain't gonna suffer like most want them too. OK sometimes they get things wrong but most of the time they know exactly what they're doing, and like you say we haven't got a clue what prices they will start buying back. Those late to the party will want out first but like you say the price spectrum is probably quite large. If news is good then ok initial rise might be to 50p, but it will have to be very very good to spike up to 80p and beyond in short space of time.

None of it really bothers me 'cos I'm here for the recovery, next 2-3 years, and even then I will still hold some for longer term.

I'm not counting in bad news. I believe they will come out ok, and if there's a place prepared for me on boot hill then I've only myself to blame and hey-ho - what the f...!

Well spotted bro - agree that's what's behind the slight pullback