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With Ayman Asfari holding 85 million shares, I would be surprised to see any major dilution. Especially as PFCs expertise continues to line up significant contract wins, effectively partnerships with businesses that believe the company will deliver and chose them to work with in preference to competitors, given a known short-term liquidity problem.
So are LTH, added 50,000 shares myself Friday over 5 seperate trades through out the day. In my opinion would be highly suprised to see anything like low 20s again but if it does, it will be an opportunity to load up more cheaply. Biggest risk I can see with shorters (colluding perhaps) to keep the price down here is a low bid and buy out probably by a foreign buyer followed by delisting. All the more reason to bring averages down. Its buy accumalate and hold for me. Company contracts will keep coming, work will be completed profits will roll in and finance will be resolved over time. It will all happen despite the shorter sideshow and share price movements.
No one likes to see their holding drop in value due to herd mentality but looking through the psycho bable and horse sh*t rightly or wrongly glad of the dip last week was buying at 40p so glad to get in again at 34/35 what ever it was. Who cares it will all come out in the wash my personal view is don't sell and f*** the shorts
Been in these for about 5 years has 24 hours changed anything? Unless your a day trader I would suggest nothing. Bought a few more on the dip then got on with my day toured Sentosa Island. Went to dinner while drinking a few very refreshing Tiger beers.
Interesting number but the buys sells displayed on there aren't always accurate seen half of my own buys show up as sells when checked.
Like to imagine shorts buying back but equally hope there going to hang in a bit longer and buy out after further price increases. I don't want them squeezing too early!
Sure, explains Mr Shorts increases just before RNS announced and share price surge from under 20p.
Today's 40p needs a one infront of it in the near term substituted by a zero behind it longerterm but not so long that we get bought out.
Ditto and if there was any dip it would be a good opportunity as far as I'm concerned. It's accumulation time for me now. The day after boxing day can hopefully be remembered as shorts spanking day!
Missed off Vedanta the favourite and largest after Lloyds planned as a forever hold, but was suddenly was cash rich and had to look for places to invest when they came of FTSE. Made some more on those on ADRs but think that options gone as well now.
Stockbuster,
I think my first buy was RR it was a big win back then went towards Uni costs. Only got back in to RR during lock down. For once let profits run still gor about a third of investment after selling at points along the way.
I hope to unwind PFC eventually from a low enough average price to return my costs then keep the rest longer term for longterm growth and dividends which were previously very healthy. All while protecting against a buy out clososing my positions. Had similar experiences and some success with worthwhile stakes in Glenore, RR, centrica, bacanora minerals, kAZ minerals, inmarsat. The last 3 on the list were all bought out cheaply against many share holders wishes but were winners for me. PFC ti's hopefully the Golden goose eventually!