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4th Investment just announced in Angling Direct

Circa over £800k spent for a 3% stake.

They seem to be making money from their investments. Maybe trading a few across the back of a core holding?

Definite logic also in urging a share buyback on Angling Direct.

They all have to be bought back.

You would have heard by now if there was.

Dangerous game playing with margin calls when you don't have any definitive reason.

Just topped up a few and I'll hold them tight for the 20th December update and will add a few more at strategic points to work a nice average.

Revert back to and read the August 6 monthly statement in the RNS tab abive and see if it justifies present falls 85p to 26p. Hardly !!!

What started off as Israel Gaza related falls on fear of Middle East contagion (which hasn't happened btw and is less likely with hostage release) have imvho been over egged with all sorts of naked shorting, shorting and and tripe reasoning when at best there is no apparent reason.

If there was a known reason then PFC would have been published it and I suspect they know that the falls have been brought about by a closed period shorting attack so there will be limited response or indeed Director buying. So no, they couldn't say what you suggest.

20th December they put the record straight and in the meantime I'm personally expecting the perpetrators to be long gone, in the Cayman Islands or some other tax free jurisdiction with paramount confidentiality and leaving retail shorters scratching their heads when it starts rising again.

Good morning SP28 and good to see you posting again.

For anyone interested Kelso have just announced a 3% holding in Angling Direct as a fourth investment and partaking in a Mello Conference. I think that's possibly one Mike Ashley also has a finger in the pie with.

Interestingly in their logic for purchase and in their own ethos they make reference to 30 companies exiting UK markets and many exiting with high exit premiums.

"In the year to date over 30 companies, with a market capitalisation between £50 million and £1 billion have exited the UK market via acquisition to trade or private equity, in many cases yielding high exit premiums. This highlights the current low valuations and the short-term opportunity for investors, but if the lack of investor interest in UK listed companies is unabated, we see this trend continuing. Kelso will benefit from this current extreme under-valuation but, as a strong supporter of the UK listed market, believes there will continue to be attractive investment opportunities for the medium term, particularly at the smaller end of the market."

Dyor.

"The one thing it looks like for sure that there won't be an announcement regarding the share drop."

If there was a known reason for the share price drop then they would be under a regulatory obligation to report it, and soonest. Join the dots.

Says it all and it looks like another ruse to transfer PI shares into the hands of II's. I'll hold what I have, top up on any further weakness and look forward to 20th December, or any news that appears in between times.

Thanks for contacting IR and posting the response.

Gary if you look at the 3 month chart above the share price started to fall just after the Israel Gaza conflict started (10th October onwards) and has moved down since. The initial parts of that fall I get as things might have spread and dragged in several other countries in the Middle East. But it hasn't happened. It has though provided opportunity for people to short and albeit with the further falls people have started to try and attribute all other manner of non war reasons for the fall, for instance debt, no cash advances forthcoming blah, blah, blah.

26.78p to 84p or indeed 15p to 84p as you suggest btw is lot higher percentage than 100% and especially if things have been blown out of all proportion. Some might be gambling but others may actually already be invested or spy a cheap entry point to invest.

PFC aren't Israel or Gaza based (see link below), US backing seems to have stopped any wider contagion (its now 7 weeks ago !!) and read the August 6 monthly update for imvho it certainly doesn't read of terminal decline. For me it reads of the company winning many large orders, one massive one and whilst at the time turning around and completing off legacy contract issues.

https://www.petrofac.com/where-we-operate/

A bit more meat on the bone. Good to see mention of a few Beauty category items

https://retailtimes.co.uk/uk-shoppers-spend-3-45-billion-online-over-cyber-weekend-adobe-reveals/

Https://www.fca.org.uk/contact

Harry, rather than replying maybe spend a few moments of your time and compose a missive to the FCA on the manipulation of the share price. Can include the behaviour of individuals I believe particularly if posting inaccurate information or constantly spamming bulletin boards. It's easy for them to identify the originator.

Thanks for posting that E_AL.

Given what is contained within your posting and that August update it looks like this may be well into oversold territroy and I think several might be looking to close up and be gone before the next update. Probably the last chance to raid the kitty for cheap shares as things transform.

Now there's two words in there that some seem to have overlooked at their own jeopardy and particularly if of a short disposition - "Cash Advances".

"-At Group level, we expect cash flow to be broadly neutral in 2023. In the second half, we expect a positive tailwind from cash advances collected from new E&C awards won in the first half, coupled with an unwind of working capital."

Shall look to add a few more at these levels or cheaper as this has got significant potential for a sharp rebound and there will be a lot of shares that need to be bought back.

That's PFC specific or Industry related?

Good luck finding one.

Indeed they did NHill and the share rice rose to circa 85p at the time.

Nice steady update in a couple of weeks time and this one rises just as quickly as its fallen. If not before.

About half of todays overdone falls were Market Maker created and through the spread.

Should tell you all you need to know.

Yes 1pencil hopefully we start to see a few more of those materialising and compounding with each other over the next few days and weeks, as both the Black Friday sales figures in the US and now the UK sink in with both have been extremely positive. In fact more resilient than many had probably expected. Might even have seen a few of those trades start to feed through today.

The Black Friday to Cyber Monday weekend kicks off the Festive season proper and as AS1, self and several others have been saying this year online shoppers don't have any Royal Mail postal strikes or the knock on effects with rival couriers tipped over the edge to contend with. No 19 days of targeted strike action around key dates all announced in October and timed to maximise the impact and which ultimately ended up causing fear amongst online customers as to whether or not they would get their Xmas presents in time or or having to seek refunds and many resorting to visiting bricks and mortar retail instead.

But not this year and for once a clear runway on the run up to Xmas and soft comparitors from last year to compare against.

Sorry to be repetitive but the DM article below exemplifies what was being routinely transmitted by the day , hour and minute across the press, and news channels back then. Doctors strikes, rail strikes, tube strikes on top.

For THG the UK represents circa 1/3 of group sales so might? THG and a few other of the online retailers actually pull a surprise or two out of the bag this year?

https://www.dailymail.co.uk/news/article-11541869/Packages-pictured-piling-outside-Royal-Mail-sorting-office-workers-continue-strike-action.html

I don't think you were the only one. Looks like another high volume day and approaching 30 million shares traded this far today.

Enough to move the share price several points alone had their not been an interested party in Value Retail and talk of £1 Billion as a sale price.

Thats a lot of value not presently reflected here imvho

The thing though is that loaned shares all have to be bought back at some point to make money and it starts getting riskier and riskier for anyone arriving late with short position. Some probably exiting as we speak.

MM's quite happy to use the spread to drop it further 0.5p and 0.75p at a time.

The spread must account for about half of todays falls at least..

Absolutely astonishing.

Company specific or industry news causing the fall? Zilch, Nil, Nada.

I might have to pick up a few more.

It's also why so many UK companies are falling prey to US predators.

I think the tally stood at 19 this year that have either been taken over or taken private by US companies, Listed or hedhe funds.

The most recent being Hotel Chocolat. A company that recently hit a low of 100p only for Mars to take them over at a share price of 375p

dyor.

TradePete you don't need loaned shares if you are market makers. They can legally manufactures shares out of thin air and "naked short" the share price down. It is an exemption to the naked short selling rule afforded only to the MM's that has been sanctioned by no less than the UK Government to let them supposedly put liquidity into the market.

There are no sizeable Institutional sellers here so it is more than probably "naked shorting" and manipulating the free float and "trading shares" that in the main are being used to churn the market. Add in a few shorts behind it just for impetus and good measure. Most of the drops are spread driven and the acid test is that there can't be many traders out there at all who have made any money investing or going long. So they buy, price gets dropped, they sell and lose money, try to re-enter, same again and again.

And day by day the company gets on with delivering on all it's still current contracts and who knows they might even turn in a half decent update in December. By which time it wouldn't surprise if the culprits have got what they need. closed and switched direction.

These aren't orderly markets and its why so many companies are queuing up to leave and it is also why there are so few companies waiting to list on UK markets. it is exactly the same with Pension fund monies. So little is being onvested in Uk markets for exactly the same reason. One CEO on Linkedin recently called out the "overfishing" and has been pretty vocal on what is going on. It doesn't however take a genius though to work out that an ever decreasing pool of companies with less joining and less large pension fund investment becomes self defeating and ultimately there they shoot themselves on the foot because there will be less need for as many MM's, brokers, corporate bankers etc etc.

I think you will probably find that most of the recent moves down have been the Market makers "naked shorting" the stock.

Can't lose for you pop a few sells in that you don't own, widen the spread with it to move it down. Rinse repeat a few times and then you pick up those which you sold to close, thats either before or whilst you are moving the share price back up.

What do we know today that we didn't already know yesterday - Zero, Zilch, Nada. Clear manipulation and market abuse

and needs reporting to in abundance and market oversight from the FCA.

I caught your earlier update on the Cult Beauty advent calender selling out also AS1 which is great news, and that following on from the LF Calender also selling out a good few weeks back.

Great Black Friday data and specifically pertaining to "online" which is what we do.

The last line of the excerpt also I thought provided good additional data, again as it is online based.

"It also said total spending since November 1 had reached £12 billion, up 5.1% on 2022 levels."

Like I said earlier, holed up for next Capital event, seperate listing of THG Nutrition or January numbers and without the full blown Royal Mail strike we had last year and as you rightly point out - against weak comparitors.

Normally quiet and patient these days I've excelled myself today with 4 posts.