As a said . No safe haven. Every stock has been hit. It just a question of which you think will recover. And when. I'm hoping for more stability from later this year and 2024. But that's a hope not a forecast. Bear in mind I was In this share when it was around 600p a share. But there comes I time to cut your losses and look for something else.
So glad i got out of this when it was 120-130p a share. I was shouted down when i said it could go down to 100p.
Still i also got out of Scottish mortgage when it wad 1000p a share. Now 680p .
It seems there was no safe haven for your money over the last year except for cash.
I think the UK needs Gas and Electricity. Petrol and diesel no as we move to electric transport. Gas for industry and heating. So my buses, my car trains can be electric. Yes I drive an electric car and see the benefits. But I can't install heat pump at my flat easily.
I think this is going below 110p. I may buy then. Or wait till its below 100p.
But could miss out if contract news comes thru.
Probably no contract news till April/May though. So this will be jumping around on whats happening jn the market and interest rate hikes, rumours.....
I wonder why people keep an interest it this. Gangfeng won. We lost big time. What ifs can't change that.
Humm Have you not seen how the market is collapsing around you I think PFC is holding up well going from 110p to 151p and retracing to 135.
Probably one of the best performing stocks this year. Certainly in my portfolio.
If you bought the 115p offer shares back in November 2021 Your up 17% on those.
And at the time I think the SP was 130p. So if you'd bought in at that price to get those shares you timed it well.
Rough times for the market at the moment and not sure how many months it will last.
But this has big upsides on contract wins.
Let me know if you know of any better place for your money at the moment.