Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Big money exiting
city short continue to increased even as low at 15p.
Feels like this is going to 0.
Https://www.youtube.com/watch?v=zxyaULwF9xM
people are getting out whilst them can
Well at 15p the disclosed shorts went up
so exit at 0p?
Mmmm yes I see what you are saying doiung just fine sitting on losses anywhere between some to nearly of of there holding, and no being able to see straight. good stuff sounds good. even those who just beought in are still down lol.
PFC have been publicly reported as evaluating sale of assets or an equity stake to provide liquity.
looks like LTH are still in the first stage of grief.
The pipeline isnt fixed until legacy contract payments address liquidity in disclosued results.
that hasnt happened and may be years away from happening.
hence the need for raising cash.
my goodness the level of desperation here to take a win from a loss is quite something.
Oh please, pick a reason. any reason.
Doesnt mean its the only reason.
Whe know the conclusion:
The Directors have concluded that there is a material uncertainty that casts significant doubt upon the Group’s ability to continue as a going concern.
The Directors have concluded that there is a material uncertainty that casts significant doubt upon the Group’s ability to continue as a going concern.
Its not fair & the shorters are fake.
Again with the new contracts equals liquidity. Goodness me.
perception is a beutiful thing.
Yet its where the market is at
''its not true'' LOL
The simple reality is the business is not worth the current share price as a sustainable and profitable going concern, it would be worth more, and presently trades on a likelihood of total loss of investment. if the city and market saw it differently the share price would be closer to where some LTH have commented it ''deserves'' to be.
There is no such thing as a discount, only what something is worth.
Well if you by 2 shares youll get your 8p lol
My view is that re-financing is a certainty. The business needs liquidity and search for re-finacnign hav been publicly reported. My guess is to realise its turnaround the business needs £400M - £1B to restructured debts & provide working across a 3 year time frame.
Unfortunately in distressed debt conditions its also view that someone will try to take the business. Why wouldn't you.
PFC appears to have options such as an assets sale which I suspect the current exec team would prefer to prevent loss of control of the business, even if its not in the best inteersts of the business. With that being said its has been reported that new parties may have to come in which could mean dilution.
The city appears to share this view with professional traders betting against the company.
Could go to 60p on a confirmed bank loan, could go to 15p on a placement.
I think Im just going to wait for the press release to see on what basis the company will operate.
Meaning what exactly ...
if the company goes into adminstration or a cash call it made largest stakeholders will be first in deal flow , whilst private investors will miss out.
Notable net shorts have actually increased
differs somewhat to information reported online
The short positions must have been below the disclosure threshold.
none of the maor open short positions have reportedly changed
no seeing any shorts closing as reporting in media yesterday.
have i missed something?
also btw people the are currently no open short positions on my ****!
so id say that adds an element of confidence
About to have a coffee so it could be comming soon.
whos in for 35p?
not convinced by rns.
new contracts arent where the party is at. need to see some profit.
with that being said with the mindset optimism here perhaps someoen would like to by someof my ****.
got a big one brewing for tomorrow. no debt, no negative equity. asset backld investment. no icome to be fair but with a bit of mindless ramping you might be a capital gain on your investment.
any offers?
Interesting to read today that some shorts have closed.
will be looking for that to be reflected overnight.
Realistically PFC need operating capital for 3-5 years to enable working through contracts and getting back into profit.
but untill it starts making a profit it will need more and more money to stay afloat.
maybe it is credit worthy by it just seems unlikely to me that this doesnt present an opportunity for new owners to recapitalise the company under new ownership.
yes can see 15p by tomorrow. but really at this stage I dont really see the point. even at 10p total loss of investment possibility just makes this a non starter. any LTH are now locked in with huge losses so they will be no objectivity from that camp.