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I’m mean it’s pretty bleak but comparatively PFC is holding up.
Wood Group hit 167p today and it was nudging 250p less than 3 weeks ago
I know there are other factors at play but PFC has at least held resistance at the 102p-105p band.
I deliberately haven’t looked at my account for a while after shoving an I’ll judged extra £15k in the mix at 117p
Averaged down to 158p to break even and now 278p to pay off the mortgage.
4 years of hell……9 months left of 2022 to finally see a turnaround!
Of course. The context you’re omitting is the lift that Wood and others saw prior to the market turn. PFC underperformed consistently throughout this period with only one short lived spike.
Most of us on this board track this share over years not weeks / months.
Wow, hands up who thought we’d ever see 110p again after the closure of the SFO case?
We’ve all shared lots of theories over the last few months but let’s be honest…..no one on this board has a clue what’s going on, including me.
Clearly there’s some sort of game being played but I can’t see any winners or who really benefits from some of the huge recent moves.
The bottom line is that PFC as a share is in as bad a position as it’s ever been.
No RNS, no contract news, no ADNOC news….silence.
I’ve always, ALWAYS been confident that things would come good and that this 4 year trail of misery would end with at least a modest pot of gold….but as we edge towards the end of the first quarter I really staring to worry that that road is never ending!
With the unusual trading pattern of a major shareholder reducing their exposure at the moment, I took the decision to top up and average down a little further. As a long term shareholder who was in at the peak, average is now down to £1.58 but I’m in very deep in terms of pretty much all my eggs are now in the PFC basket (like several on here).
If we hit £3 by the end of 2023 I get to pay off my mortgage. If we don’t then I’ll finally surrender as long as I’m above water and cash in.
As I’ve said before, what a totally depressing ride though! Apart from the short lived joy of the SFO investigation closing and the short lived spike to £2…..this share has bought nothing but misery lol.
Surely by the law of averages we’re due a run of good fortune at some point!
Well it looks as if all the “fill the gap / tidy the chart at 1.15” talk turned out to be nonsense ;)
A half hearted bounce to 1.19 before the inevitable trickle backwards again.
Still holding firm and playing the (VERY) long game, but by God it’s hard, dispiriting work!
In my view we’re a big contract and the opening up of ADNOC away from £2, with £3 dependent on no more variants, solid OP of £80+, and a steady trickle of ongoing contract wins.
I remember the excitement just a few weeks ago of seeing my holding go green for the first time in many years as we passed £1.84 and hit the dizzy heights of £2. For a fraction of a second my finger hovered over the sell button but then optimism and the dream of £3 kicked in. At least I thought the heart sinking drops have gone forever and it will be a steady climb from this point on. Now as we sink towards £1.20 again with my shiny £1.15 shares not looking all great that in the value stakes…..I take a deep sigh and bed in for the long haul. This share is pain
Thank you. Not sure what to do to be honest. Was planning on sitting back and watching a slow creep upwards after the SFO investigation closed. I’m now being asked to put my hand in my pocket yet again to maintain value in this cursed share lol! Will the torment never end…..
This is another twist on the rollercoaster that I could do without, but we are where we are.
I’m holding with Charles Stanley Direct and haven’t had any notifications, although looking at some posts on here that may not come until mid November correct?
The SP is well on its way to going below 120 today, so I just want to check that if I buy 25% of my current stockholding below 120……I’ll be better off than taking the 1 in 4 offer? Is that correct or am I missing something?
Oh I’m not going anywhere until the day we hit £3 Paddy. I’ve averaged down from a post SFO all in at £9.50 to a respectable £1.84.
I’m just soooo tired of the downward rollercoaster and get fed up that it’s not yet time to fly!
Allow me my little moan ;)
Anybody else getting that familiar feeling?
Despite getting that 4 year old weight of its shoulders. The SP is slowly sinking again, despite last week’s optimism.
I’m trying to tell myself that the half year results will help…..but for years all that’s meant is another decline in SP. I’m trying to tell myself that the “bans” on bidding in the Middle East will lift soon….but when?
Remember the SP was at £1.70 in the middle of the COVID dip with the SFO investigation being in full swing.
This share just seems to be a plaything in some game where none of us are invited and logic doesn’t apply if you don’t know the secret rules lol.
Tired of being patient……sigh.
I’ve been investing in PFC since about 2013. I held at an average of £9.50 and got caught all in when the SFO announced the start of their investigation.
For the last 4 years I’ve held and dabbled to work my average down. I bought in again at £1.70 following the initial COVID only to watch the SP slink down to sub £1 and stay thereabouts. Dark days. I bought in more at £1.04 and now have averaged out at £1.84 but with £70k invested. This has been a loooonnng game and I am ready to finally, FINALLY see some profit. I’m agonising over my target to get out. I can hold until June next year. I’m thinking £3 is the number. Don’t want to be too greedy but have to see a good return for 4 years of misery and risk…….Thoughts?