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Just for info, the unknown showing at 15:34:25 was my buy ! No idea why it shows as unknown, Ive been buying these for the last week or so - and probably will keep doing so to keep my average sensible, but like several others, possibly a longer term hold......I hope !!
Nice to experience the surge again, haven't felt like this since last years :). Believed then the price was going to head up to those dizzy two figures, but alas fell slightly short. Good for those that kept the faith. I expect a few twists and turns along the way but glad I held on and expect to profit shortly if this keeps going. Only wish Id had more fiat and bought another million when you could !!!
The original RNS stated........
Shareholders who do not acquire New Shares in the Open Offer will experience dilution in their ownership of approximately 33.5 percent and shareholders who take up their Open Offer Entitlement in full will experience a dilution of approximately 16.8 percent as a result of the Capital Raise and Director Subscriptions.
And the discount offer was based on the share price of 25th October I think £1.58. So in theory, Im not sure it will go that low. The current pricing was as a result of the market reaction at the time with some later recovery. There is a calculation here based on the ratio of shares owned/allotted and relative prices but mt brain is hurting thinking about it. LTH anyway, so I didn't want to suffer the bigger dilution. All in all, IMO, one for the future anyway.
Not sure why but takes a while to buy today - MMs? or just no shares available - would have thought sells would go thru OK in that case. I sold to recover some profit last Thursday but buying back to top up holding now at 8.2.
To each their own I guess. I sold a few at profit this morning to cover original outlays, but frankly, IMO I think with the sentiment it still has a way to go. So I bought some back at the current "lows". What I can't fathom is if there were to be a placing, why now? and why not nearer 1p or higher if it does have legs. If we knew all the answers of course, we would all have been millionaires several times over by now.
In my Opinion, not sure where this will end up, combination of sentiment (thanks to all) and of course unknown potential. I remember UKOG being tipped back in 2017 in amongst the 88e BB which was having one of its moments back then, and took a few to see what happened. Nothing really moved and I sold just before the thing spiked on the drill and if I recall hitting a high close to 10p on the day. Burger. Having sadly a similar story on the recent 88e ride I must learn to be patient. So hopefully this is it. I wondered if the sentiment would be carried forward to other stocks like UKOG, ECHO, MATD, OEX etc etc on the basis of potential, luckily it appears to be the case. Im in for the ride and glad I took the punt early enough. Hoping it gets past 1p where it settled for months before the more recent downturn, and who knows, 2p? a spike? Lots of time until news so you know what they say about buy on rumour. Good luck all.
Still holding and welcome the movement so far this week - early days. A lot of my old favourites have seen substantial impacts as the new investor crowd settle on to some of the downtrodden out of favour stocks (88e, Prem, Kod, UFO to name a few) but Im happy to take the ride. Topped up too on the hope. You never know
I was holding a lions share of PFC in my retirement planning fund as I always thought it would recover longer term. having read a few of the weekend comments I made a very lucky call this morning and sold them all (more than 50,000 shares). Only with a view to wait for the delayed results (April). Having tormented myself all day for selling 88e shares about 6 weeks ago only to see them rise by 200% in just over a week and missing todays ridiculous rise, I just checked to see that PFC hadn't miraculously risen too - and shocked at the fall. The lesson for me here is despite everything, there are so many risks (ups and downs) in this game that it isn't for the faint hearted. I still believe PFC will come good as soon as we get over what I suspect might not be the best results ever (although maybe a relief when they are out), and the drawn out SFO investigation gets completed one way or another. Will be watching daily from now on.
Not that I want to distract from what's happening here over the last week, but clearly a new generation of investors around. Big question for me is what's the next pick ? We have seen the likes of UFO and PREM have their fun, and the demise of UKOG over the last year. So who will it be. ?? A few folks suggesting a few names, I for one took a bit of 88e profit this morning and trawled thru my watchlist. Fortunate choice in VAST which was about 70% from the point I pegged it last year, so thought that might be worth a shout - and 20% up so far - I can't believe my punt started it. But lucky for once !!
BLIMEY. I remember June 2018 only too well - price approaching 3p, I think I was almost £100k up....unfortunately was on a long weekend break in Venice and missed the peak by some margin and then hung on too long waiting for the bounce that never happened - rest is history - recall one chap getting a load of stick for selling at 2.7. Wish I had. This isn't the luckiest share for me, and I wish I hadn't sold my 8m only 6 weeks ago. DW moving on was a big factor which I think I was too cautious over. But, seems like a lot of AIM shares are getting pumped on rumour these days, more than I ever recall, (not a bad thing) but have learned the hard way when news breaks (either goo or bad news). Assuming its the new trading platforms and smaller investors. Im out again for the moment, but may just be tempted back if any drop allows. Good luck all who remain or are buying in, especially those from 2017/2018 who have had long terms suffering !
Finally called the timing right, whoever said during the week buy on rumour sell on news, thank you !. have been in and out of PREM like a YOYO for a couple of years. Learned my lesson with KOD, 88e and others by holding on too long. Having said that, Im back in on the drop as a bit of a punt to see what happens. Long term prospects were always good IMO
Just wondering if the board is always this quiet - recently invested with some trepidation but glad I made the decision (well, at least today Im happy especially with an earlier top up before the climb !) - any views on why specifically ? Cant locate any news other than rumours hinted at on here of potential bidders versus restructuring?