Member Info for LWHL

Well done Mary. You nailed this call again. I did not get back in on this occasion and when I looked in again, it had run away from me :) Hope you had a nice holiday and a break from all this rain!

Oh, I totally agree. I would imagine that they would have announced the U-turn with a good deal of reluctance. And I also agree with you that they may have had their hand forced on the issue as well.

But the failure is nevertheless on them.

Anyway, while it remains a strike on their record, so to speak, it is in the past.

To the other poster - this is not/has not been a day trade stock (to my mind anyway) - but it has offered some satisfactory swing trades over the time I have been here.

Without which, my core holding would have been gathering dust, under water (and its real cash value/technical purchasing power further diminishing, like our fiat currency, ahem), so no apologies from me for my strategy to this end :)

The dividend debacle was clownish and the BOD have some work to do to restore investor confidence in their commercial capabilities. To say the least :)

I remain here because I too think the worm will turn sooner or later.

Either with this management team, or some new blood.

Not buying more before the next update, but if they surprise to the upside (within the narrow range of reasonable expectations of course - we know it is not going to be amazing) - then we could see some nice action here from the current SP level.

The Cosman angle is also part of my thinking here to be honest, but equally, I am ready to add more if we see the SP tank after the update. Subject to the obvious caveats, naturally. GLA.

I am going to commit the cardinal sin of saying that the SP is doing very nicely today, given we are ex div...

I will kick myself on your behalf if this comment ages poorly :)

These are fair points, joe80, but none of that changes the fact that, as far as common shareholders go, bankruptcy is not the only thing that could potentially wipe them out (or almost as good as) from this current share price point.

None of which matters from the perspective of those who give out the contracts to PFC, necessarily.

As long as the business is a going concern, operating with the law, and the work gets done, so what? From their position.

As pokerchips rightly said earlier though, shareholders are basically at the bottom of the food chain here.

And until we get specifics on what the finance deal is going to involve, then it is something that everyone needs to base their decisions on.

As to your final opinion. That very much depends on what happens with said finance.

A D4E around 10p? Maybe. An II backed raise at 15p or more? That would start to look appealing for a potential trade again, IMO.

Or something much, much better for shareholders might be agreed upon, and those of you inside the tent right now can look forward to your rewards for the risks you have decided to take. GLA.

I am so torn here right now. The chart looks primed for another crack at the 200 DMA (IMO), but no inside buying yet since the update. Short interest is still high (although coming down at the time of print).

Wider markets and macro stuff still makes me feel like extra caution is wise right now. And that it would be better to wait for a confirmed break to the update (at least over the 50 anyway).

Any purely technical traders here? Feel free to disagree, my chart reading skills remain limited at best :)

I am sorry, but that is simply not true. A company can, and often does, announce contract renewals.

When a company is under financial difficulty, I would suggest it is actually beholden on the senior management team to do everything that it can to show the market what it has and continues to have etc. Not just new work wins.

You are probably going to enjoy a rise in the SP today and good luck to you.

This actually increases the mistrust I now have in the management here, how they presented the last RNS etc, so am not tempted to jump back in, even for a quick punt.

This lot feel like they might rug pull at any given second IMO and a sudden and ruinous D4E deal announcement intra-day would annoy me more than missed profits here might do.

As a scenario only, not suggesting such a thing will happen etc. GLA.

Good post, Pokerchips. Some calm and reasoned thinking, during a period of (understandable) uncertainty, and thus extreme fluster, on this BB.

I just hope some of the posters here who clearly have, or had, a lot in this one are OK, if you understand my meaning.

While we are all entirely responsible for our own investment decisions of course, you do sometimes wonder whether some of the more...unscrupulous directors of listed entities ever ponder how some of their actions might have largely, or entirely, led to avoidable catastrophic consequences for so many people like the poster a few here have alluded to.

One that I hope is doing OK also, and who I hope posts here again soon just to confirm so.

Depends how many you have, but generally a fair point nevertheless. The current dividend is crap and has been all the time I have been here :)

Selling up after the recent update was a decision made with the head, for those of us who took that path.

That in itself does not mean it will be the right one in time of course, but regardless, it was not a decision made from a place of irrationality or 'the heart'. I take issue with that comment :)

Certainly, if, as some seem to think, the BOD are doing something dodgy to cheat people out of their shares for example, then some of us would not want to be a part of such a shady operation anyway.

Even if one is indifferent to such a scenario, without inside knowledge, you are basically betting that by not 'falling for the shakeout' you are going to be able to make out like those bandits. Not saying they are crooks, to be clear, but just making the point in line with this particular theory to which I hold no opinion in either direction.

The alternative is you take the RNS at face value and have to call into question the level of professionalism and ability of the BOD to turn the ship around. It was unnecessary IMO but in particular, it was extremely poorly communicated and presented, at the very least. Hardly the first blemish on an otherwise exemplary copybook.

Either scenario is a solid reason to sell IMO.

Probably not long to find out which scenario is going to be the correct one, but either way, GLA who remain invested here, or in for a punt. Ultimately, you either win, or you lose. Everything else is simply noise.

Blimey. You still think so, after all this time and evidence to the contrary?

You should notify the CEO that he is missing the chance to load the boat here at these prices :)

Amazing how you are able to brush over such an oversight, like it was a trifling clerical error.

Or the lack of company updates since they misled investors in this latest and perhaps most serious mistake, to date.

If they do not provide an update on what action they have taken against the third party that they claim was responsible for this serious corporate failure at that point, then surely the few remaining bulls here will start to wonder whether this outfit justifies their continued faith?

I remember a few posters saying the exact same thing, when I.K was printing new holding updates here.

Crazy gamblers, some of you are, since the most recent update :) GLA.

D4E of 22p would be extraordinary from here IMO. It would probably lead to a nice relief rally in the SP as well, although it would not change the opinion I currently have of the BOD's integrity, based on the last couple of updates, so would remain off my radar, as far as investment targets go.

Regardless, the BOD needs to confirm specifics before the weekend IMO. This has not been well handled at all, and is not a good example of how to treat shareholders (let alone how to run a business more generally). GLA.

What were your/other posters' impressions from the investor call?

Have not listened to it yet, but assume it will be available online later to catch up with.

Hopefully we see some inside buys confirmed later today.

A real mix of opinions on the update so far, it seems.

IMO, you can toss a coin as to whether we see a new year low print, or a retest of the 380's level today...basically I have absolutely no idea how the market is going to take this news!

Some positives, as others have cited from the RNS, but this one is not out of the woods by a long shot either, to my mind.

As I have said before, I want to see the CEO buying big here, now he is able to. Nothing better to back up the warm words of a CEO than cold, hard cash from his own pocket.

Ultimately, if we start to see a proper unwinding of short interest here in the days ahead, that will probably be the greatest sign that the bulls are back in control. Fingers crossed to this end.

I think a retest of the 50 and 200 DMA at some point in the next couple of weeks or so, is far more likely than a push onto 80p, personally.

Happy to simply hold for now in this range, but low 60's on no specific news will become tempting.

Otherwise, the value trap dividend collection will be adequate for me in this small part of the p/f.

So they should be, Rock8. Just going by the specific wording of the RNS, not based on anything anyone here has said today.

But if you think that the City knows for certain that a more positive scenario is going to come to fruition than we do, well, then place your bets I guess.

Even if they do, I don't, so can only go on what the company gives us in regulated releases. And at the risk of coming across as (more) stupid....I found no comfort in the latest RNS whatsoever. But to each their own decisions etc.

Sorry, I thought you meant today. Probably just some profit taking. The next few days will be illuminating on the short front, although you would hope that PFC have something definitive before the end of the week, more importantly.

Will be unpleasant if not, going into the weekend and all the rumour mill stuff.

Are they? Not seeing evidence of that on shorttracker. Have another look tomorrow after they have updated the list, although for smaller shorts, no idea. Some might have reduced to take profits, but I would be surprised if there is a material reduction of positions right now.

If they announce a raise, alongside plans to take it private, then you could add it to a bunch of other outfits that have recently seen fit to essentially screw their small shareholders, and which should be the subject of journalistic investigations right now, IMO.

To be clear, not saying that this is going to happen here, but equally those recent updates do not 'feel' right. Might be something. Might just as easily be nothing. Anyway, GLA.