The 2 DPAs mentioned below for the pizzly sum of 2.5m can't possibly be for PFC as we all know, dont we folks, the original fine was going to be 1.5 billion dollars or a similar bollux number.
I'm sure PFC would pay that in a moment...probably Asfari would himself.
The results are not bad - AUM are increased significantly. I wonder of Peter H. thought to himself "now would be a good time to sell off a big chunk of my shares as the market should respond positively to the latest update?" We will have to wait to see if he has indeed been dumping?
Covid and other government investigations20 Apr 2021 14:44
I raised a complaint about a financial company in October last year with the FOS...they've not even started to investigate and they have insufficient investigators to handle the case load. I'm guessing that the SFO are probably also under resourced (?) And they will play the Covid card no doubt. But after 4 years...its time to sxxx or get off the pot!
Watching BBC NEWS. It claims 'engineers' are on £40k base and have a final salary pension scheme. No wonder the shareprice is in the toilet! Surely that level of pay for what is essentially technician level work is exaggerated!
So, 4 years after the SFO get involved, ADNOC suddenly decide to suspend? There is an ulterior motive, surely..... anyone here not know about the SFO case...no, didn't think so.
The BARC dividend was, frankly, a disgrace! - fat rewards for the bankers and a few crumbs for the Ord holders. The ordinary shareholders have been well shafted. I'm hoping that Lloyds don't try the same trick.
Just how many times are PFC going to be hit with the same story from 2017? They'd be better rolling over and admitting everything including the assassination of JFK!
As the company gets smaller mkt cap wise, it is easier for the hedge fund managers to short . I see the SFO inquiry eventually leading to a takeover by a US ( or French) company on the cheap.
with its golden share, the UK government will not let RR go to the wall. Worse case scenario will be a merge into BAE Systems ( where it also has a Willy Wonka golden ticket ). If this is the eventual outcome, the number of BAE shares received might not be brilliant but better than zero value. Personally, I'm not sure that BAE would want this though as RR is a very poor company financially speaking but it might be "forced" whether the CEO's bonus likes it or not.
someone mentioned the solution below....delist from the UK LSE and relist on the US markets......quadruple the shareprice like most of the other overpriced shares on that mkt.