Member Info for Sm66

He’s also correct.

Very easy to add up the after close transactions and it’s over 1million shares.

Are they all wrong.

Yes they are particularly Helikon.

$8Billion in contracts won in 2023

The business needs cash for performance guarantees.

They’ve managed that with the tennet deal as stated in the RNS.

Legacy contracts are being completed and cash will come in.

According to the management the current cash flow situation is temporary.

Once sorted and I believe it will be, perhaps we will see a reasonable valuation.

Either

1, immediate cash flow issues sorted by non core asset sale or extended loan.

2, Bid for a takeover

Either option are likely IMO the current valuation is beyond low and is a result of 1 institution reducing and a short attack that happened simultaneously in December.

Shorts have been stagnant for a week or so allowing the SP to gain 5p or so.

Strategically it would be in their benefit to increase from a higher price otherwise their exit would be to costly.

Whether they can drag us down to low 20’s again is yet to be seen however they need to exit in my opinion and they’re not going to want to exit on a loss.

It’s an ever increasing gamble for them as I believe they were betting on the company being in a much worse position than it is.

An RNS stating the cash flow is sorted or a takeover bid has been received and they will quite literally burn.

GLALTH

My take on this is that the SP is behaving normally, buys vs sells 2-1 and no large seller hiding. If shorts are not reducing then the fact there are more buyers than sellers moves us up. Simple as that!

Shorts know this and possibly they’ll let it go higher until volume settles down then increase again or they’ll have to buy back and accept a painful loss.

Looks like they may have!

Schroder sale played into their hands perfectly, game is up now. Personally I’d be surprised if they increase again. Upside is much stronger as noted by a few posters.

Decent rise and happy to see a change in direction.

However the real question what’s causing it. Buys vs Sells fairly balanced for the day.

Could be a short reducing which could also be a bluff to suck in PI’s and rinse them by increasing again.

Find hard to imagine that the market has finally realized how undervalued this stock is?

Https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=PFC.L

Neil 776

Another angle might be …wow shorts at 11.44% sp close to record low =the shorts are either not very clever or desperately looking for an exit. If they don’t go soon we could very well see a short squeeze here which could destroy some of them.

Your go!

Fantastic dividend if they keep paying it?

I’ve been in and out of voda for a couple of years now and watched the SP closely.

Bought in again last Friday and on reading yesterday’s RNS, thought I’d luckily timed it perfectly.

Was disappointed with yesterday’s price action but have noticed this is quite common and the real effects can take days to show.

The deal with Microsoft makes sense and proves the business is thinking ahead.

One observation I’ve made when Astaris were more active was the SP would jump 5-10% then quickly reverse, 2 days later Astaris would show 0% difference but a +- 0% indicating a sell and purchase of the same amount, possibly causing a short term rise which encourages PI’s to start adding then sell at a loss, rinse and repeat relatively small amounts.

Be interesting to see if a similar pattern is displayed when the short positions are disclosed later today.

It’s a game and the more you see the more you learn.

GLALTH

Disclosure

I’m not a tamper, I’m invested.

I did reduce my exposure at 33.6p but have increased again at 24.3.

Holding some reserves as anything is possible and if we see 20p again I’ll be throwing my kitchen sink in the hat.

My average now 31p so I’m down but not out, what a ride this has been,

Remain convinced the SP is severely underpriced.

All the best

They all have to be bought back by the shorts.

That’s a lot of buying pressure.

The longer the cash flow issues drag on the more fear is spread, it looked like it was all over on the 20th December update but sadly not and although some short sellers left the playing field, others have thrown the kitchen sink at it although they seem to be loosing strength as all they’re doing now is keeping a lid on PFC, the downward pressure has eased regardless of shorts increasing. As for yesterday’s pleasant rise and fall back, who knows, perhaps one short reduced and later another increased or there is a buyer out there quietly accumulating????

The business is progressing well the issues will be resolved, the shorts will leave.

I’m not so sure Mary

If the next RNS is another contract win then perhaps the shorts can bring the SP back down after a surge as we’ve seen a few times since the first Tennet announcement back in March.

However if the Next RNS states liquidity issue solved and guarantees in place for all $8 Billion won in 2023, wether it be by non core assets sale or legacy contracts completed and funds owed collected then the brakes will be off and the shorts won’t be able to stop the rise and will have to buy back their borrowed shares which will drive a remarkable rally IMO.

Tony 5 9’s

You absolute troll, I’m fed up with your nonsense.

I’m trying to help the people you’re trying to steal from with the trash you post.

I’m not selling and happy to hold what I’ve got as this nonsense will end

The trolls are in overdrive.

The real question is who will bail first. Shorts playing a dangerous game and they know it. PFC are not in financial trouble they have a cash flow issue because they’ve won too much work and have to supply guarantees in the order of huge sums of cash.

Please read the latest trading update before panic selling and giving your money away.

I’m expecting some kickbacks on previous post due maths.

I’m fully aware that 91p plus 20% isn’t 150p

Thanks in advance but still think 150 is too cheap

Worth a closer look.

Under the heading Cash flow and net debt

Measures taken by management resulted in positive free cash flow in the second half. Even in the absence of advanced payments. Offset by collateral required of $100m for guarantees. As a result net debt expected to increase marginally.

150p takeover bid will be an insult, current SP is a joke, shorts need to exit ASAP or risk collapse IMO.

As for the 1 year rule, I know someone very close in M&A and typically any bid would be max SP over a 12 month period plus 20% or so.

GLALTH

Good post Mary,ie: straight from the company itself.

PFC are getting on with business.

For reasons known only to shroeders they sold a portion of their holding.

Short players had it off with the SP in the lead up to December 4th as they perhaps believed a dilution was imminent. It isn’t and the company has made it clear what they are looking into in order to resolve the cash flow in the SHORT term. This has enabled the shorts to put further downward pressure as they are praying on weak shareholders with any remaining doubt that’s out there. It’s one hell of a gamble for the shorts from this level IMO as the inevitable reversal in SP and sentiment has the potential to put the smaller shorts out of business.

And there you have it, another 3 year contract won! Sooner or later the market will wake up.