Member Info for johnychainlocker

DDimov - the way i understand is - The shorter will not have an entitlement to the RI shares as they are not the owner of the shares, only the owner of the shares will be offered the choice to take part in the rights issue.

The shorter is still obligated to return the shares they borrowed (that is to buy them back in the market), and so it will cost them a lot less to return those shares at the ex-rights price and yes they will benefit from that, and yes that is their bet at the current time.

I've had a nice little monday as well - got early into 'that' share that's taken off like a rocket ship today whilst waiting for PFC to do the same!

Only got into this today at 1.0p - nice little profit to be had but gonna stick around a little longer methinks

Bang on @bandit. Lots of profit takers need to be cleared first

Check out Brimness post then, you just weren't paying attention matey

Not showing much faith here for all the big talkers about buy buy buying. GLA

PFCVet, here is response from IR at PFC

"As stated on the RNS issued on 10 January, Petrofac received the TR-1 from Schroders on 09 January and we were therefore not in a position to announce the change in ownership any sooner than we did. The late receipt was as a result of a technical issue."

FWIW !

Not that it's ever been anything you could rely on anyway, I hasten to add - before some bright spark pointsit out

Just done couple of dummy trades and the spread is not 2.06% as shown. Buy 32.9, Sell 32.89. Makes it very difficult to tell if what is shown under trades is anything like accurate

Seems they increased slightly yesterday. Not really disturbing seeing as how they were into the party early doors, they probably have a bit more squirm room than some of the others, and in for another chance

There we go Redhead, first salvo at 11:07:51 from the bots to try and lower price!

With you on that Redhead - better than watching the tele anyway.

Talk about a 'staged' question from Heinz Baked in order to give a 'staged' response - getting a bit obvious here I'm afraid!

Well spotted Janbo - my point exactly

From looks of it shorting posters have just been joined by early breafast of 'beans'?!

Can agree with that DKnight.

(Hoping that the sea of blue showing at the moment is not as inaccurate as yesterday's sea of red!)

And Paul, - "But the really big question is why aren’t new shorters jumping in with the shares at 32p? IF A FUND RAISE IS SO ODDS ON"

The premise that a fund raise is so odds on is not shared by many here, and if a fund raise is not indeed necessary the whole premise of your argument is negated

Think I would disagree Paul. Risk/Reward improvement would be for new shorts only. Existing shorts must be fearing the worse, and with the big improvement in the share price recently, on no news, they would have to work very hard to get the price back down to low 20p's. The liklihood of them making big profits IMO has passed and they would be better off capitulating and slowly making their way to the nearest exit. The longer this goes on the more likely PFC come up with solution

Always a bit wary with a very early trade first thing so only £2.5k placed, will add to later once things settle - here's hopin'!

....order of the day placed at 32.5p buy