Member Info for Mickeey

Why 8p? Only those that bought at 4p old money have a chance of making some scratch from this brazzer of a share.

This share fulfils all my worries, fears and poor expectations. It reinforces that the big boys control the field. What’s worse though is when a company is clearly involved in such practices to destroy PI’s. I’ve held this skunk for over 3 years, never once being profitable. I’m stuck here though until I can get my money out. Terrible, Manipulated and Unhealthy share.

Thanks for the post Wexboy. There was an error with your link. Reposted below: http://wexboy.wordpress.com/2014/03/04/2014-the-great-irish-share-valuation-project-part-iv/ Cheers

I make no apologies for sounding like a nagging wife. If you researched PCI without reviewing its past 5 year performance, it could be easily assumed that it's undervalued. It's not though as it is not transparent and healthy investment whatsoever. What I find incredible is the lack of rampers these days. Says it all really. PCI has frustrated, crippled and manipulated me also. Don't forget that if the price does rise there will be a large volume of long term shareholders looking to get out. PCI is Pants.

I think the worst thing about this share is that it is been deliberately suppressed and has deeply eroded the share value of long time PCI investors. The deliberate effect is for many of us is to keep are hard earned in the PCI pot. Then, when this share eventually moves we'll simply withdraw our money with little or no return. Some of you may say this is the nature of investing and that is true, to a certain extent. However what has occurred with PCI is despicable. Just like the capitalism that has been bailed out by the taxpayer, this share does not reflect investment. It is a manipulated share designed to stiff the private investor. In the meantime the board earn outrageous salaries at our expense. Shareholders should at least receive a dividend.

PCI will not offer returns to anyone other than those that bought around the 4p mark. What is concerning is the slow, manipulated decline this share has undertaken over the last 4/5 years. Those that bought low could more than likely find themselves all the way back at their entry point. Potential investors should consider this. PCI's share price pattern is extremely worrying. As the manipulation has been taking place over a number of years, the share price does absolutely NOTHING. It's funny how all the cheerleaders on the various boards seem to have gone into decline also! KEEP CLEAR OF PCI.

That's exactly where I am! Over £20k at 9p old money. Need to get out around 250p just to break even. Worst, longest and most useless investment I've ever made. Its actually not in my interests at all to advise others to stay clear from PCI!

I wish I could offer a frank and informative answer to you but I unfortunately cant. I'm sure that you have a undertaken research before investing in PCI. Simply put, if you review the shares performance over the last 5 years in conjunction with the various RNS released, its clear to see its slow decline. My assumption is that this share is being heavily manipulated to push out small private investors. Manipulated by whom? I really cant say however the facts are that its has performed dreadfully in contrast of the companies perceived progress. Consider this, my 'punt' in BOI has resulted in a 3 fold gain in a relatively short period of time. My investment of in PCI of 4 years has simply done nothing. I have averaged down numerous times but its a dead share and probably will be until 2017. I'm stuck in PCI for another while yet and all I can do is simply warn others NOT to put your hard earned in to this con. Just check out the salaries of the board!! Absolutely rubbish investment.

Welcome Thronegames. I've been keeping an eye on Petroneft Rersources. They seem to be doing all the basic things correctly and more to the point, they actually are producing oil. Only for I am heavily invested in PCI for the last few years I would be invested elsewhere. On the other hand PCI is a manipulated share that has made no progress over the last four years.

Almost every event in PCI's history has proven to be a negative effect on the share price. I couldn't care less about the hype that is pumped here by some posters. If the reports are exceptionally good we will see some initial upward movement. At that stage it will be my cue to jump ship. After years of holding I will be delighted to get out. TERRIBLE INVESTMENT.

Congratulations on your profits mitsub. I'm very familiar with the principles of investing, not trading. Many of us bought in to this racket circa 09/10 just before the steady decline took momentum. I've averaged down a number of times but I'm not willing to put any further funds in to it. As another poster said here, its the same old, same old. We see the repetition of posts suggesting this time next year we'll be millionaires. Contrary to Del Boys aspirations, I will be absolutely delighted to get my initial investment back and leave this dog behind.

I invested in this share four years ago. It was an opportunity based on my own research, commitment and timing. As with many here I am extremely disappointed and frustrated with this investment. What promised so much has delivered nothing. The evidence is of a slow steady decline in value while we are manipulated by fragmented news reports from the board. I've had been fortunate and unlucky with various investments in the past and I have learnt an awful lot of which can simply not be gleaned from a book. PCI however has been my biggest mistake. This is not necessarily on its poor performance but rather its complete lack of performance. I really feel like I've bought into a snake oil manufacturing plant. I am a little under break even and will run once there is an irrational price hike.