The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Lol
Admire the sarcasm, personally I’m still licking my wounds but have to agree to some extent.
If it looks like sh-t, smells like sh-t it most likely is and SDRY stinks. JD has demolished a failing business in record time. SDRY clothing will be selling alongside Ted baker in Costco soon. What a disaster
Someone wise on another board said “don’t try to catch a falling knife “
If you suspect foul play by the management why risk your money.
Knowbody but the management and lenders know what’s going on within the business. I thought for some time that the Tennet deal showed a clear exit from the SP doldrums but I was wrong and it cost me. Shorts seem to know a lot more than PI’s and are less emotional than we are.
PI’s search desperately for signs of recovery whereas shorts find the misery. I don’t agree with shorting in principle. But will never put my money anywhere where shorts are over 2%.
Someone on the super dry board this morning said “beer money is better than no money “ he had a point.
I’m completely out of PFC now, first time I’ve been out in 3 years. I will be back in only when the shorts are out and the business shows a clear path to profitability.
Have a good read of the latest Superdry RNS to see just how a corrupt BOD’s can absolutely rinse PI’s and get away with it.
I’m not claiming it will happen to PFC but Ashfari former CEO and largest shareholder? Just a thought. Be very careful out there, it’s a casino, I’ve learnt the hard way.
What’s got my attention is the bond price at 25p.
Previous lows were around 35p in December when the SP was mid teens.
I really hope they can navigate through this cash flow/debt issue but the amount of shorts still here signals otherwise. If the business was for sale I’m pretty sure the shorts would know. Going to be an interesting couple of weeks here.
CVA is for a insolvency, SDRY have just agreed a loan extension and extra funding until next year so how can they legally claim to be insolvent, also why was JD’s offer rejected as it wasn’t in the interest of shareholders?
Perhaps Gary but who knows what might happen next week. 5p? IP sale of Europe/ North America? Bid from a competitor? JD thought it was worth a punt but fell short of what the board would accept then threw his toys out of the pram which has caused the current demise of the SP. it’s all still to play for IMO albeit at a risk. But then everything is a risk.
TSSZ
What are you smoking. Hopefully nobody with half a brain cell will act on your ridiculous ramps.
This will be a painful day/ week/ couple of months for genuine holders. PFC probably has a future due to its backlog but it doesn’t start today in terms of SP.
This news is exactly what they’ve been waiting for and why they’ve built such a large position. It will be a blood bath until the actual debt for equity numbers are posted. However, it will secure the companies ability to continue trading and as long as they can cover their debt and make a profit, it might finally turn around. Watching closely now for the bottom but I won’t be jumping in until the numbers are published. Wouldn’t be surprised to see a takeover attempt after dilution???
Omars
Check my posting history before calling me short. I’m still long on Pfc albeit much reduced from my previous position. I will only buy in when the shorts have made a proper attempt to close and the finances are in order and the business is predicting a profit. Happy to be late to the table but there must be food worth eating.
Good luck to you.