RE: Long Road Home8 Oct 2021 11:52
PFCvetran, £3 is a good, achievable medium term target. I was lucky to be able make a LOT of money from PFC following the SFO announcement. I bought my 1st ever lot at 360p after the plummet following the SFO announcement. Over the next 3 years I traded in and out and made approx £35k on PFC alone. Some of my trades went against me after buying but eventually turned profitable. I'll never forget at one point I'd put £200k into it through a series of averaging down and was £34k down when it dropped from approx 560p to 409p. They were very dark days for me. I'd lie in bed thinking miserably what £34k could buy me!
Eventually though, it recovered and I ended up selling the lot with an £8k profit. Not a huge amount considering how underwater I'd been but reasonable compensation for the months of gloom.
I'm currently holding just 2500 bought at 111.6p earlier this year. Target exit price is between 250 - 300p but may reasses if PFC reintroduce the Divi.