Member Info for Redheadedrager

I really feel for those locked in here at a loss.
This company has been a serial horror story / slow motion car crash over the past 5 years.
From a peak of over £10 to a nadir of a few pence.
Seriously, this is going to be shredded in the afternoon by the US short funds.
Get out while you still can on the dead cat bounce.

May well drop lower than 50p once the Yankee hedgies wakes up and shaft holders further on this news

Wouldn’t want to try to catch this falling knife

This is not good

Biggest plus for me in recent framework award and 1st contract win is the fact that it’s European therefore massive due diligence - would have been as clean as a whistle from an anti bribery and corruption perspective so firmly shuts the door on the SFO investigation. Also would have been fiercely contested - as it is an extremely pivotal contract for European offshore power market, demonstrating PFC is fighting fit to win more. Where Europe leads in renewables, the rest of the world markets follow. Double or even triple bonus. . . I have bought at £3 historically, bought more at £1.20 and most recently I (for the first time in a long time) timed it right and got in at 46p. Will buy more tomorrow ??

The sensible ones will get on the pump that will inevitably come with the start of drilling if Lenigasbag is involved again it’s bound to happen. . .

. . . s#it here . . .

Micro-updates ultimately signifying the square root of bugger all.

UKOG is a serial disappointment generation machine.

A pump and dump artists wet dream.

Sanderson is the biggest conman on AIM

Feck me - the clowns are back ROFL

@TheJanbo - ooh, if that was the case then coolio, no I didn’t know you were mocking TerryMC1 - but he certainly deserves to be mocked ??

@theJanbo

Reckon your Bond Trading buddy is s#itting himself trying to close out his short position on PFC debt even now.

Bond traders don’t know fück - recent SVB wash out into the wider FS market shows how little they read the fine print and really know the market (toxic CS AT1 anyone?) - credit arbitrage traders are the lowest. Fakers at best and hedge fund bullies at worst.

I’m going to hold for gold.

This is the first of many major framework agreements coming down the line for PFC. They’ve been through the fire with the fraud investigation and ruling and emerged a better, stronger and more effective operator for it.

I see £2-3 in the year

. . . pipe down son, it’s plain you don’t know what you’re talking about . . .

@TerryMC1 - demonstrating a complete ignorance of the facts here fella. Read the RNS properly. This is the first of many contracts. Any questions over cash flow now erased. Just sit back and watch those shorters burn. . .

No need to do a rights issue with that amount of cash inflow. A little bit of adroit cash managemt and we’re good to go!

I bought into PFC in my ISA yesterday. Not huge amounts but if this recovers to a sensible level then it will pay for summer hols . . . Really think that the recent SP slide is way over done. Markets hate a vacuum (lack of regular comms and updates) and open up opportunities to short hedge funds. I think that when the new CEO lands there with be a slew of comms all aligned to demonstrating that the new CEO is making a massively positive impact. Then SP will recover to £1+ at least. . .

Sensible analysis. Sorry that you’re underwater. The fundamentals are all there. Just need announcements of some decent contract wins. Cash flow isn’t an issue but ensuring each contract is run profitably is a challenge so tight cost control is required. I’m hoping that by the end of Q1 we will have left sub £1 days well behind us.

Bond prices are ticking up from the nadir of 52c on the dollar.

With maturity not due until 2026, there’s plenty of time to pull together the $600m due before then.

Whilst profit may be elusive, cash isn’t (many conflate the two) so default remains a long way off as far as I can see.

Some big players are increasing their positions in the shares, so confidence is returning for sure.

A couple more large contract confirmations and the recovery will be swift and material (over £2 before eoy?)

:-)

All this speculation of a bid . . . really? Tut tut tut. It’s simply a response to the news about the contract award.

IMO we will continue to move north on further announcements of contract awards.

Hold for gold ??

Hold for gold. Don’t let those shorting hedgies buy your shares for pennies when you know they’re worth pounds £££

IMO we should be north of £1.20 by mid ‘23 - if not earlier. That’s just the start . . .

IMO the past week has been a master class in robbing the weak holders of their shares at a steal of a price.
Whilst not the strongest order book, it still is quite chunky and as long as options (preferred bidder status) continue convert to tangible orders, and PFC can manage itself effectively (no reason to see why not, it has done in the past) to deliver won contracts profitably, then PFC will be just fine.
Funding the debt needs cash, not profitability, so don’t conflate the two. Nothing worrisome in the TU about cash generation. So in the short term, making a loss can be swallowed, but management needs to be all over cost containment and contract profitability in Q1 23.