New buyer - musing about the drop22 Jan 2021 10:24
So I've added here at 105p and honestly see that as a steal given the number of pies PFC are in. I like the diversification with the hydrogen project too, it shows forward-thinking etc.
In the short term, I see this has fallen 36% on the bribery claims from 8 or so years ago. A few things stick out in this - no current board members involved and no charges have yet been made against former employees. Surely this is quite the overreaction?
In an oil bull market that's predicted, I can see this easily recovering back to £1.6 once the spooked sellers are out and the shorts are closed. I get how a criminal investigation is something that spooks investors, but it's not like it's against current board memebers like Finablr had...