Why don't you just tell us if you think PFC is overvalued or undervalued . Who cares if it goes back down in the short term if it is going to be £2+ in a few months.. unless you are trading on margin. No one can predict what the day to day price action is going to be but if you are calling 120p the top for the rest of the year then tell us...
I would be surprised if Schroder bought in before any imminent cash call as they would be in know I'm sure.. but you never can tell what's going on behind the scenes
Didar Every post of yours is the same When will this be £1.80 When will this be £2 Will this ever be £5 I've just looked at your posting history. Please stop with this stupid question and think of something else to say..
As said many times on here, Schroders buying large amounts at 38p must mean they see something.. Can't see them buying for 20/30 percent return. Moksha, why do you think they have bought?
RideEasy Have not checked today's trades but the large ones over the last couple of days have been transfers from one party to another. They then have to report these transfers to the market. They don't affect the market price as mm don't have to price the shares to find or sell
MMilo I have no idea to be honest but the balance sheet is weak and from what I understand the business is not growing.. I think any sign of growth or confidence in new growth strategies is needed for the share price to shoot up..Having said that I would have thought it would have made it to 50p at least with the sale and vaccine news .
We are in another lockdown and look at the ftse rise today..I'm sure most would have predicted a drop! Hard to predict what markets are going to do. Just have to be patient with this one and my Schroders buying gives me confidence. Also there have been a mass of off book trades over the last couple of months so hoping there is more accumulation going on for some bigger plan by someone..
Didar All your posts continually ask for a prediction.. There is no point.. no one knows.. If you asked what is fair value with all the known data you may get a better response...
I come from a big four background. PKF are a good firm..no issues with the appointment.
Most people on here wouldn't have even know who the auditors were before their resignation. No one will be talking about the auditors in a few weeks. Onwards towards £6.. Kamani needs this and it will get there...
They must have a game plan and should be a source of comfort for shareholders who have bought below 50p. They have been buying heavily up to 38p if remember correctly. There is no way they would be buying if a rights issue was on the way and they must think that the shares would provide a significant return at the levels they have been buying.