Member Info for PFCvetran

Hi Mav, which article are you quoting from that says a £1 per share takeover offer is imminent? I haven’t read that anywhere and I’d be keen to have a look?

Thanks!

I’m the daily pre close pullback is noticeable this week. No-one wants to be left holding the baby when an RNS could hit any morning this week.

It looks like we are seeing a classic PFC pump and dump on zero news that we’ve all seen so many times over the years.

There are no gaps being filled here guys. It’s Wild West time with day traders dipping in and dipping out. If there is an accumulation, it isn’t strong enough to hold the price this week after last weeks big push. Still no sign of any short reduction

Does anyone know the likely format of a D4E here? Will it be a case that an RNS is issued with details of the share allocation to debt holders and the write down for shareholders? Are the new shares and valuation actioned immediately or is there a process / suspension of trade while it’s all processed?

Given the date flags given in the previous company updates, there must be an RNS issued by the end of this week.

If the deferred payments have not been made and the lenders / holders have not agreed a further extension, then if I’m reading it right, that could mean adminstration. This would presumably wipe out shareholders.

If a deal with lenders / holders is agreed then this means D4E at some level and a dilution for shareholders. As the sums involved must be around 400m at a minimum, that means shareholders value will decrease by at least 75% ie if you hold stock at a value of £10k, that will be worth £2.5k post D4E if my understanding is correct.

I would expect any takeover to be hostile and if so I would have expected some kind of significant accumulation to have taken place. We’ve seen a few big buys over the last week but nothing on that scale.

My worry is that time is running out for a takeover solution. Nothing substantial has leaked.

Today’s price drop has all the familiar signs of a typical PFC drop off.

Shorts are sitting tight.

I’m happy not to be holding right now. I still want to get back in but it’s stacked to heavily on the risk side at the minute.

Good luck to holders. Don’t listen to me, but DEFINITELY don’t listen to those over ramping.

Fingers crossed 🤞

Amazing stuff this morning.

I’ve dipped in and out a couple of times day trading and it’s nice to see some green on my account screen.

I don’t want to be the voice of doom but this is EXACTLY what happened in the April run up to 30p before the crushingly unnecessary RNS from the board which hoofed it down to 20p.

If it’s not a takeover, what is it? How will shareholder value be protected?

Listen, I’ve made every wrong move with this share but all is say is that if anyone is now in the green and ahead of their average, think carefully about the opportunity that this week has offered. Next week could be a very different week.

Again my advice is usually terrible but I feel I have to raise some caution in amongst the understandable ramping this morning.

And now, adding to my last post, MaverickD is saying that the price will go down!!! That’s never happened before even on the darkest of PFC days! Mav you are king of the rampers, what’s going on?

The world has turned on its head this week 😂

I’m doing my own head in this week. I’ve been hovering over the buy button at 12.5p, 14p, 13.7p, 15p and now at 19p. I sold out pre suspension / post RNS at 22p feeling that it was a hopeless cause.

The following is stopping me clicking buy…

1. Payments to bond holders are in default

2. Payments to banks are in default

3. The company has deadlines of the 16th & 30th of June to make these payments or lenders / holders can take action

4. Only 41% of “stakeholders” have agreed to the interim funding solution of and additional £200m

5. The company can’t pay the guarantee premium for one of the new contracts and risks losing that this month.

6. The Board talks about the huge pipeline but no new contract awards have been announced since the first D4E RNS

7. Circa £200m (?) of loans are due to be repaid in full in October this year

8. The Thai contract is still not sorted and legacy jobs continue to drain revenue

9. The board have lost all credibility

F*cking hell I’m turning into snapper / Tony !!!!😬

Based on what’s known, D4E has to wipe out at least 75% of shareholder value, which makes a current 20p share worth 5p.

Right now I think I’m holding out for that. But who knows if I’ll change my mind tomorrow…..

I’m at a loss to understand what’s going on here.

Shorts aren’t closing so they aren’t responsible for the spike.

EVERYTHING in the latest RNS and results screams “do not buy” and that D4E or insolvency is coming.

If suddenly a deal is agreed with lenders that doesn’t significantly dilute shareholders, then we have absolutely been played by the BoD.

Many LTH’s including myself have stepped out after years of loyalty and losses to try and save a fraction of our investment.

If the RNS released by the business proves to have been deceptive, I wonder what remedies are open to us?

Hi Downbutnotout. I’ve found myself unable to click the buy button today.

I think I’ve just been bitten too many times and I have no faith or trust left in the BoD or in any RNS.

I’m terrible at day trading and buying to hold at this point point feels like madness with at the very least a savage D4E dilution pending.

I think I’m going to wait until we know what the real state of play is for the future and then try and get back in to gain some longer term value.

I am gutted though that I could have made £40k + using my sold PFC funds……but didn’t have the balls.

Those of you who’ve been here a while know that I’ve been invested in this share for over a decade.

I’ve been through all the twists and turns and finally sold up at a £120k loss on the first pre suspension RNS @ 22p ish

I’m sitting here today looking at the 60% uplift gutted that I didn’t buy back in at 8.5p on the last day of trade.

But in reality I know that I wouldn’t have. And even if I had I would have sold when it went back to 10pz

Watching it climb today is painful but just can’t afford to get caught out going back in at the peak of the spike.

It makes no sense.

There is literally no good news in any of the results detail or supporting RNS.

Administration is a real risk and D4E seems inevitable.

No indications of a takeover, and as other poster have said, why would a buyer not wait to cherry pick components of the firm from administrators?

It can only logically be shorts closing.

God it’s so frustrating isn’t it!!? Could have made back most of my loss day trading today if I’d had the balls. Still feels like the right move to wait rather than getting stuck again though.

The spike seems to be outlasting the usual lift and drop that we’ve seen from previous short closures. Looks like it’s genuine positive speculation on a takeover.

I still can’t bring myself to click buy. I think my bottle has finally gone with PFC ☹️

Going to wait until all the cards are on the table and go for longer term growth once the D4E, admin, takeover questions are answered.

Good luck to the brave 🫡💪

Almost got caught up in a buy back due to FOMO but stopped myself to process this logically.

D4E seems almost certain, why has the price gone up?

Look at the volatility. Swinging +\- 5% every few seconds.

I suspect it’s a short buying back.

I hope I’m wrong for LTH’s but I’m nervous we’ll see a dip by mid morning.

Infuriating share!!!!

Although I’m out, I was desperately hoping today’s update would offer a window of opportunity to get back in.

Unfortunately the update was appalling, despite the 23 results being broadly in line with expectations.

No real progress seems to have been made since the last update a month ago. If anything the news is worse.

If they lose one of the new contracts I can’t see a meaningful way forward.

It makes me angry to see how poorly the company has been run, and as for Aidan, I hope they get a f*cking refund.

I’m starting to think that the only way to get a chunk of my lost £120k back here is to try and get in before the shorters get out and sell on the spike. Feels like too much of a gamble at the moment.

Good luck to those who’ve held firm. God knows where this will go when trading re-opens.

Good luck to all those that held. Wishing you every success.

Here’s to a peaceful month of suspension without the daily PFC stress and worry.

And you’ve suddenly turned positive Eurofil after months of saying this was going to 5-6p.

The world is turning on its head clearly.

Glad to see you’ve now invested. Good luck. If this turns around now it will be a massive win for those that have shown balls of steel and stayed in…..

What a sh*tty day / week / month / year / decade this Petrofac journey has been.

Half tempted to step back in a little today but will wait until the D4E details are clear, if it gets that far.

Saddest thing today? The pathetic sight of Snapper w**king himself into a hate fuelled frenzy of delight as his dreams come true and the business crashes.

A disgruntled former contractor who has spent the best part of a decade spewing negativity on this board in quest for “revenge”.

Such a sad sad waste of time. The really sad thing is the gap that will be left in his pointless existence if the company does go under. No-one left to hate except himself. F*ck you mate, and I mean that most sincerely.

Sorry to all those still holding who are suffering today and for my fellow former LTH’s who will be licking our wounds and counting our losses for a long time.

I’m glad I’m out but I was hoping for light at the end of the tunnel to get back in and recoup some of my losses, at least in the medium term.

If they make it through the suspension period it will be interesting to see what the SP settles at and hopefully there will be a pathway back.

The big hope for LatH’s still in the mix must be that 8am brings a temporary squeeze as shorts try to exit rather than be in limbo for another 30 days.

Good luck to all those still in the mix and to those who bailed with heavy losses.

What a sh*tty ride it’s been ☹️

I’m still here but haven’t jumped back in yet.

I don’t think it’s appropriate for me to comment while I’m not invested.

“Substances and hookers”? I couldn’t afford that malarkey even if I was so inclined with the losses I’m carrying!

Good luck to those still invested.

i’m out.

£124k loss.

devastated.

will rebuy if all the d4e **** comes true and there’s a low re entry point.

will jump off a cliff if i’ve missed a takeover.

sorry everyone ☹️

How can D4E be factored into the current price? Surely the price will reduce by whatever the percentage of new shares is on day of issue, as will our holdings?

Not being argumentative, I just want to be clear about what will happen if D4E becomes a reality while I still have time to act.

It’s starting to make sense to me to sell now at 22p if my holding is going to halve when the D4 E is announced. Bailing out is the last thing I want but equally I don’t want to be a snowman sitting next to a fire watching myself melt.

Overthinking my position again here but I want to canvas opinions from other LTH’s about how we win given the cards that appear to be on the table.

If it’s D4E then am I right in thinking the price is agreed with the banks and bond holders for a swap? The number of shares then determines the price per share but our holding is diluted by the number of shares added eg if the number of shares doubled, our holding is halved irrespective of the price per share agreed with the banks. So our price per share would drop from 22p to 11p. Is that correct?

Similarly if additional investment is agreed from certain shareholders or new investors, our shareholding and respective value is automatically reduced by the percentage of additional shares added as a result of the additional placing. Is that correct? If I’m reading the RNS correctly, it looks like PI’s are not being considered for any additional investment initial offering?

If either of these scenarios comes into effect as suggested by the RNS……our holding is diluted and the value of our holding goes down. Correct?

If this is the case, why are any of us still holding if a dilution of our holding is all but jnevtitanle? Wouldn’t it make sense to sell now and the. Buy back in when the D4E or placing is actioned?

Am I being stupid and missing something obvious?

I’m starting to think that the only reason for us to continue to hold is if there is a takeover or if by some miracle the EoY results are better than expected.

Thoughts?