RE: 15/11 Monday SP - with 173,597,412 new shares12 Nov 2021 14:38
when the announcement to dilute the shares with the 1:4 Rights Issue at 115p the price was about 158p. That brought the value down to about 149.4p. Factor in £77m & fees to pay off the fine and fees for the Rights Issue and talk was that the sp was only worth mid 120s. Once the RI shares have been mopped up and investors hold on to them the sp will rise especially with new contract deals coming in. I came in at 170p as a naïve new investor just after the fraud investigation and was taken by surprise with the sudden drop caused by the RNS of the RI. I now just have my RI shares as had to dump to raise funds to invest in BEN couple weeks ago. With a transparent new image, conspicuous corrupt BoDs gone, and proven experience, PFC will start getting more contracts and sp will rise as of next Monday. IMO as a new trader. DYO and any other abbreviation words, GLA