RE: Daily Mail catch up10 Dec 2023 16:19
Onsolid
Debt £19.89bln
Debt to Equity Ratio 145.8%
Equity £13.64bln
😂 but yep, PFC.s a hugeee risk. Just makes me laugh mate that analysts and media didn’t shoot this don two weeks ago unless… they’re making a coin out of the shorts also. The price for PFC is ridiculous and the doomsayers comments are criminal. Hopefully PfC have been as bullish as me with their lenders and tell them to extend and be happy with their 8/9% they are creaming off the loans.
Am I happy they are in the debt they are, no. Am I happy there’s no dividends, no. But, am I happy they aren’t borrowing shed loads of cash to pay dividends (see Shell, BO, BT, Centrica, etc, etc, in last five years) yes, I’m good with that. Sort the business, pay debts off, build a solid company for the future, make profit, pay dividends.
Now let’s get on building that company over the next 10 days.
P.s. the stupidity of shorting is Hargreaves. I mean, they have ZERO debt and around top quartile for dividend payments in their sector. Glad to have seen their price rise again last week.