Member Info for Paddyboy1

yea good luck castle & to all investors. I guess we are all underwater here @the moment LOL. This will come good. Keep patient & no panic selling!

PFC were in the FTSE100 before all the SFO nonsense kicked off!

Castle, as SP has fallen so has market capitalisation so Tullow Oil among others replacing it. Personally i don't think it has any great impact especially in the context of the current SP. This has been out in the news for a little while now anyway. I remember ITV rose by about 10% after it got dipped from FTSE100 to FTSE250. No cause for concern. A few institutions juggle their funds based on various indexes. Swings & roundabouts!

Haha, Poker we couldn't half do with a rebound like that RR one, from £1 to £2.50 in a week if i remember!

Slifty, it's being referred to as a case review or something now, not a sentencing. In June sometime, 21st if i remember!

Yes Paradise & investors should be very wary of setting stop losses on a share like this. The shorters have visibility of where the stops are!

Slifty, i hold a large number of PFC shares which intend to hold for a long period. I'm not a day trader. I have confidence in the long term potential of PFC. If that is 'ramping' then i plead guilty. I am always prepared to hear differing opinions which are backed up with some evidence. I'm not bothered personally whether people choose to buy or sell PFC. that is their decision & theirs alone. We may not have seen the lows here yet. I'm realistic about this although my own view is a reversal should occur soon!

Hi Danny, as you'll remember we had a fair old banter on the CF board a while back & that is actually quite a useful comparator. Personally i can't believe how much that went up but if you look at it they still have a huge issue of liquidity to sort out & really need a complete restructure of the business model IMO. Here with PFC you have a business with more than sound fundamentals, lots of liquidity & orders in the pipeline being manipulated down by shorts preying on investor panic. ADNOC is only one client & they've been forced to distance themselves from PFC for political reasons. This has no bearing on PFC's day to day operations which have continued on throughout the pandemic albeit at a reduced level!

PFC's situation reminds me of the Boohoo panic over slave labour issues. Solid company with good underlining fundamentals. SP got hammered down on sentiment & panic. Came straight back up again soon after!

Aye, i'm quite happy to accept that this share or any share for that matter will continue to drop relentlessly while the shorts are on top of the game. That is reality. However i believe people are not understanding of the true value of this company & are purely being driven by poor sentiment, fear & sheer panic. A look at the fundamentals here is enough for me to believe this is a solid company which should have a bright future once the cloud of SFO is dealt with. I've seen large falls like this before on other shares & once the shorts have done their deeds they always bounce back strongly!

FM, well said & i agree. The buy/sell stuff is typical of shorter manipulation. They will have their algos programmed to dip sell & buy back in very small numbers provoking other investors to panic sell along the way. There will come a price level @ some stage where the buying pressure goes against the algo, at which stage the shorters will buy back the shares & the price will revert back upwards. This happened on a grand scale with Gamestop & the shorters got stung because they hadn't hedged their short position! GL

i'm fairly sure there will be stuff going on behind the scenes here. Tosca fund are PFC's biggest shareholders after the Asfari family. As such they will have a place on the board & have clearly expressed their unhappiness by reducing their holding. Today's drops were to be expected. Is it the bottom? who knows really. My own view is that once the SFO stuff is dealt with this will fly!

People need to understand the decision by ADNOC is more of a political one than a commercial one. They are a State owned oil company & as UAE are specific to the Lufkin case they have to be seen to be distanced from the company & make an official statement to that line. If other oil companies didn't want to work with PFC they could just reject their tenders . I would hope the ADNOC move would prompt Iskander into some meaningful dialogue with the SFO to resolve this long running saga!

this price reminds me of the day i didn't buy BT!

A few pence drop & diatribe galore against PFC. This will bounce at some stage & everyone knows it will. Good luck with you 60p/80p buy orders but seen all this nonsense on so many other shares: IAG/RR/NEX. Personally i'm more interested in where this share has the potential to be in a few years not saving a couple of pennies waiting for a price level which those posting about know will never come about!

i'm guessing the shorters can see minimal stop losses below this level hence the relative stability!

Shorts appear to be giving this one a miss. Big risk of a short squeeze!

Doubled my holding @98.20. chuck them in the drawer now for a while!

Oiler, the big cash here will be after SFO resolved for those who get in at the low levels now. Once the SFO shackles are released this could go really high!

Good post there LeeRex. For someone prepared to commit cash for long period, this has to be a good call. SFO can't go on forever! Will be lots of short term traders in here now. Well, you can tell from all the new posters. GL whatever strategy you have. Tomorrow should be interesting!