Member Info for johnychainlocker

Non Bro - but will be interesting to see if any

Also Daz

"Plenty of work about to be allocated in 2024/25 as new drilling and side tracks about to steadily increase. Why would anyone sell now, makes no sense.."

13th December 16:21

C'mon Kaiser - straight bat and all that!

Tick, tick,tick,tick?

Is that them scatching their heads Mary, (or their nethers), didn't you mean Tick,tock,tick,tock?!!

Nice one, Boyo.

Still doesn't alter the fact that there is over 9.5% of PFC stock still in the shorters hands, that's a lotta lotta shares to be bought back - even if they keep a running total maybe for hedging purposes of around 2%-2.5%, that's still an awful lot.

Again, well done for your profit

Nice one Mary - luv it!

Straight into the green 'coffin' for me Bill mate!

Just can't get my head round why it is that, looking at 'Trades' @ 10:34 there were 3 "O" 'buys' totalling 25k, and the price didn't move a jot, YET @10:40 there were 3 "A" buys totalling 7k and the price moved straight from 32.94 to 33.01!, a few more "A" buys totalling not very much and the price moves again to 33.44.

Why is it when the ordinary punter buys it has no or little effect, and yet when the bots buy it has almost immediate effect- doesn't seem particularly related to the size of transaction either?

Bizarre!

@Boyo

"They have bought the shares back already so don't get focused on the notion that there are millions of shares yet to be bought back"

Can't really bring myself to agree with that Boyo.

It's a very long slow process of buy/sell, buy/sell - there are STILL millions of shares to be bought back

Interesting graph, seems to indicate 33.01p as 'stumbling block' for the moment?

@talkin

One of the points I put to my MP in my letter of 1st Dec

Looks like 33p is their target price to hold. Soon as it goes above there is a flurry of sell bots

Read my mind Mary - think most LTH's on here are already just about fully invested. We don't want Day Traders but a few new PI's certainly wouldn't go amiss.

Suppose works in their favour a bit 'cos without 'decent' changes, a nice 6% or 7% rise, isn't flagged up to catch peoples interest quite so much.

Still que sera and all that

Noticed that as well Bro - they're having to work hard to keep lid on

One other disadvantage for the Hedgies is that by controlling the price range so tightly there is little interest for the day traders to be buying and selling, leaving it as pretty much a battle between the tight fisted LTH's/News/RNS landing, so it's a worrying time for them, and at Christmas as well - the poor little things!

One thing Sm66, how could they have taken their profits in one go without causing the share price to rocket?, and it would then have been far harder to trade behind a story that the company can't find bank guarantees etc.

Point 2 - I have no idea, but any bidder that enters the fray now would again cause a massive loss to those Hedgies who were filling their boots at 20p, so I can't see that that either is in their interest.

There's always the possibilty they are hedging against some other positions they have taken up elsewhere?

Also it wouldn't do them any harm whatsoever to sow the seeds of doubt. The absolute last thing they want is for momentum to gather, and the only real way to do that is extricate themselves slowly and surgically. They don't want a close at end of week on the up.

There is no reason in the world to warrant a price of 30p with the outlook this company has!

No real sign of it yet DonBronco. What appears to be happening, as far as my humble observation goes, is that whichever shorter/s is/are closing is doing so at first hour or so of trading , allowing the price to rise a 1p or so and then they bring it back down to a price they don't want it to go above around lunchtime. That has been the pattern of the last few days.

These people are experts at this game, and the only thing that will cause a real 'squeeze' is a favourable RNS dropping in out of the blue.

Patience will be rewarded here and the LTH's are well practised in that you can be sure!

That is soooooo true Redheaded.

It only needs to happen to you once and you are left wondering "what the heck just happened"?

I did manage once to catch 'em at the game and I now use limit buys at -15% of the current price, just in case. If there is a sudden drop , I pick up the nice drop and instant rise.

Doesn't alter anything for me, and I bet all other LTH's. The Day Traders - perhaps?

They can jump and squirm and try to sow doubt etc etc etc, we all held, to below 20p even, and we still didn't sell.

This is going one way and one way only and that is up. They can try to slow it down as much as they like but sooner or later they will have to capitulate.

Prospects are bright, brighter even than when the price was a lot higher than 30 odd pence, so bring it on!

Looks like you were right Steve!

Short Europe have total declared (over 0.5%) shorts now as 9.03% from 9.61%, so overall a reduction as far as they are concerned. Would seem more likely to me, as well as Short Tracker don't usually update their postion for the previous day (20th Dec) until market close day after, ie 21st

Sorry wrong link in last post

"https://shorteurope.com/details_company.php?company=PETROFAC%20LIMITED&land=united_kingdom"