They were playing short up until the 20 Dec. Lol. They loved a short until they got caught out! Now they can't wiggle out of this mess. Everyone is on holiday. PFC Management kept the RNS well wrapped - well done to them.
Institutions won't sell, neither will insiders. It's individuals who will sell without realizing the full potential of PFC. I am almost certain 2024 will bring huge huge contracts.
Honestly probably not. Far more to gain here than RR. RR has had a long run to £3. Won't see £4 in RR till late 2024. Whereaa here £1 is likely by March 2024.
Shorters are scrambling for an exit plan28 Dec 2023 06:52
Post Christmas shorters haven't worked out an exit plan as they panic on a beach in Bali or somewhere else. The New Year will see this recover to 70p by the end of January. Keep buying people!!
2024 will see many more large scale contracts being signed. Just over a year ago i ploughed £50k into Rolls Royce at 80p. I haven't looked back now its £3. Petrofac will come good.
This is what i can make of it. They are panicking and try all sorts of manipulation to get themselves out of this mess. Helikon called it badly they have no option but to increase their position hoping to dupe more LTH's.
You are absolutely correct. The hiring of 3,000 staff said it all. Why would management be hiring 3,000 at an annual expense of £150M-£200M if there was no confidence internally. Shorters were / are greedy
Shorts are panicking... Being so close to Christmas break with key decision makers internally probably on annual leave a strategy to get out of this mess hasn't been devised yet. If there is little movement between now and the new year don't be surprised... The new year could bring a wave of upwards price movement