Member Info for Sm66

In summary

It’s a casino for now!

SP could be £2 by end of January or 20p

Place your bets ladies and gentlemen

I guess the main threat (liquidation) has gone away. The business does appear to have a future once the legacy contracts are finished and the cash flow issues are dealt with, which is increasingly likely.

Happy new year and all the very best to all longs and shorts because let’s be honest here, without the shorts we would not have such opportunities to buy this low.

Stu

You’d hope their target was sensible and unless they’re all on the phone to each other, then they’ll be wondering the same. I would imagine one or 2 may collude but not 7. My guess (and it’s only a guess) is the main players Helikon and Astaris have increased from mid/late 30’s and are instrumental in the current demise. Other short positions watching from the sidelines waiting for their exit. It’s a waiting game for all of us. I diluted yesterday but still hold and will either average down again or average up once I’m certain the shorts are leaving the building.

Recent SP movement appears completely under the control of the shorts, they lost temporary control when the positive RNS was released. All the doom sayers claiming the shorts had inside information were clearly wrong because they increased their positions right up to the trading update.

Subsequent to the trading update, the bulls took charge and a flurry of buys drove the SP upto a measly 30p ish, closely followed by MW reducing 0.10% which somehow drove the SP to 40p.

Boards full of “shorts burning “encouraging more PI’s to buy.

Beginning of 2024 and down she goes again! After all the hype and positive news from the company.

The cash flow issue isn’t going to be resolved in 5 minutes, this is the information the shorts know about and as a result they have the power to place the sp exactly where they want it, for now anyway.

The only blindside for the shorts until later in Q1 is a takeover bid.

Hello dogger

Just unblocked you to see what important information you shared with us.

Mind blowing, it’s over!DYOR Really? Did you bother to read the latest RNS.

Unfortunately the games aren’t over which will hurt sentiment but unless the company is breaking the law and making false reports it’s definitely not over.

At some point and I suspect sooner rather than later the shorts will depart, the cash flow will be restored and further contracts will be awarded.

I’ve sold a few today but still hold a decent amount and will buy again when I think the time is right?

More likely a short increasing judging the SP movement today?

Surely if a short bought 2.7 million shares the sp would increase.?

Somewhat agree and the hard part will be identifying the bottom, I’ve reduced today but still hold a fair few. I would expect the reversal to be severe as when MW reduced last week however the million dollar question is what’s their target. The business isn’t going bust, that’s been put to bed IMO, however there are over 50million shares on loan so the shorts will pull out all the stops to drag it down as today’s action proves.

Still can’t believe how cheap this market valuation is???

Only if it’s where MW divide to reduce their short again

Daz

Unfortunately I think you may be correct.

I liked the December RNS’s but unless the shorts close or the company resolves the cash flow completely then it’s anyone’s guess. SP is severely undervalued in my opinion but that doesn’t stop it dropping (for now)

I’ve seen this too many times with PFC

I’ve just sold 153k shares in 4 sales, the last one being 100k.

I’m over exposed and still holding around 230k but am getting bored which may well play into the shorts hands but I have to protect myself

Glalth

Looks more like the bots are at work as the buying pressure has eased and volume is dropping the bots can bring the price down to allow the short sellers to exit with less pain. Either that or our old friends at Helikon had too much champagne over new years and are borrowing more shares. We will have to wait to find out but if MW are using the bots then expect a good rise into today’s close.

Helikon now have to buy back 17.2 million shares! Ouch

So, MW are better at this than helikon who seem content on self destruction

Phew

UT 37.4

Buys beat sells 3-1 and the SP down 5% ish, I’ve seen this pattern before and it would suggest the shorts are increasing?

Happy to be proven wrong

Be interesting to see if the UT is below 36.6 as last trade I saw was 37.0

I did notice however we are a lot closer to 36.6 than 45 hence my comment.

I’m not deramping, simply stating my own observations.

Personally I don’t follow the charts but many do, British bulls have a sell order if the SP drops to 36.6 so one may deduce that the shorts will move mountains to hit 36.6 in order to cause a sell signal. So if they can pull that off, I dare say we may see lower 30’s for a very short period

George

From the latest RNS’s, dilution is extremely unlikely. Whilst the company needs cash flow, they are looking to sell non core assets, they’re also in talks with lenders. They’ve also stated that this is a short term issue and will improve as legacy contracts are completed which was stated as late 2023 into early 2024. Highlighting that the current situation was a threat however a temporary situation. The latest RNS’s proved that they are busy resolving issues and moving forwards, hence the 100% plus increase in SP over the past few weeks.

Shorts have bet on the cash flow issues pushing the business into administration and got it wrong.

They now have to exit without ruining their own business. Will the share price drop again? Who knows? The shorts will be pulling out all the stops to minimize their pain but exit they must. Helikon are clearly the biggest losers, Astaris started around 55p and added all the way down to low 20’s although they did reduce a couple of times causing a spike in SP only to increase and drag it down again. I don’t know how low they can manipulate the SP in order to exit as it seems when they reduce it causes a considerable rise.

I believe the current price is severely low and will rise but the games continue for now.

That’s my observation

I do believe we will see £2 or £3 SP in the near future once the shorts leave the building

Lol

I just responded to another post stating peel put PFC on hold with a target of 40p

Now it’s a buy?

That fits my model

Eating my words a tad

Peel hunt are as useless as fitch, none of them get it right.

40p is hysterical. Prior to the short attack we were in the 80’s which was cheap. Fitch upgraded its rating on PFC resulting in a 8% rise then within days we started down. JP Morgan valued rolls Royce at 75p a couple of months before it doubled and it’s climbed ever since.

These are the professionals???

I don’t trust them

PFC will rise like a phoenix

They also use BOTS, multiple small sells in quick fire to drive the price down. Plenty of tools at their disposal but it’s an ever increasingly dangerous game for them