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I’m a LTH since ‘19 with a substantial holding, I’m now extremely confident that I will see a big return by Q2 ‘25.
This will rebound to 75p pre short attack in the next few weeks, then punch through 85/90 after more news in Early March ….. wish all true investors a prosperous NY
Well well, after all the doom we have clarity and solid guidance, there would have been a number of big hitters circling PFC over the crash, all the shorts have done is highlighted the potential opportunity, except a cheeky bid at 90p.
The PFC board will report when they are regulated to do so on the 20th. For them it’s business as usual, working hard to achieve the goals in their previous statement. They will be in regular contact with the institutions that matter, the lenders will know where they stand as they did when they restructured the funding earlier this year. IMHO no news is good news.
This is a perfect opportunity for ADNOC to step in & help as a guarantor on the debt. They see the bigger picture over the next 15 years. The Saudi’s would have a perfect operational platform to achieve their objectives with a global player with outstanding knowledge the the Oil & gas sector with contracts of 6b this year alone. This is a long term play and I would be shocked if they are not in negotiations to support a partner that they awarded a 700m contract in June. They are joined at the hip if you look at the training programs & long term strategy….I feel they’re a few surprises yet to come.
Conf…yes I do have a substantial invested in PFC, I’ve been averaging down at these very low levels & last week at 55p, my average is 92p…. I knew about the preferred contractor status on the North Sea contract when the info was in the open market and I’m sure that more tender bids will fall in our lap in the next 6 months…. PFC is going through a transition and the new CEO has taken on this challenge, he wouldn’t have put his hat in the ring if he didn’t think that PFC can be a significant player in the new clean energy market, my investment strategy is simple, buy assets that are distressed but have a committed workforce with an excellent past reputation. When a major like Hitachi wants to partner and banks that are happy to extend on debt, this sends a signal that the future looks rosy …PFC will prove to be a solid 5 year return…. Good luck in your investing.
Dark K….yes definitely time for shorts to move on to another victim, I live in Jersey, PFC are based here, I have no contact with the company or the board but I do know there is big renewed interest in PFC from the offshore community, the contract news has definitely got the Island talking. I’m very heavy in PFC from 2019, 7 figures, and I’m very excited for my long term return…. Good luck in your investing.
Reading in detail the landmark North Sea contract, I’ve now understand the long term integration journey. This is just phase 1, Holland, Belgium & Germany, to follow will be the rest of Europe.
PFC has an amazing partnership with Hitachi whom are expecting contracts from many of the Worlds western governments….. the technology is ground breaking and PFC have been given the golden ticket to be the go to for this fundamental change in the new clean power resource, can you image the on going service contract.
The new CEO has staged this perfectly for his future legacy, dumped all the bad news two weeks before he announces results. He will now set out his plans going forward with a new bank deal in place and all the future deals won by his team, deals have probably already been won but is holding back on announcing as he needs a cushion of time to boast that his input tipped the wins over….. this will all start to come good….. his words ‘drawn a line under the past’
This huge contract win is remarkable considering it’s outside of PFC’s core business.
Dutch/German Governments will have done some serious diligence on PFC’s ability to start, sustain & complete this project.
Furthermore, Global corporations & Governments that are committed to meeting their ‘Green Energy’ infrastructure projects will be watching this consortium very closely, this project will be the future bench mark and it will a wonderful case study for future tenders. This contract is all the confidence we long term holders needed.
PFC are now playing by the rules of the SFO & the UK authorities and promised to be a compliant Company with no brown envelopes, the problem is that no one else is …. If you want to do business in the Middle East you have to play by their rules.
I totally agree and have a considerable holding averaging 1.22. The tide is turning for this Company. A very bullish statement from the CEO on future contract wins is a very big hint combined with most of the Directors holding shares with purchases in 21/22 averaging 1.55. A very exciting 3.5 month window.