Member Info for tinlid

I dont think the major shareholders are really bothered about next Tuesday. What is important to them is whether the company gets back to normal in the next 1,2 or 3 years. The fact that the large shareholders are still holding over 80% of the shares intimates to me that they are confident that the company will. I'm happy to follow their lead. Its only the shorters who have anything to fear next Tuesday.

TitusPullo - So what's the observation? That an investment trust has performed badly because of its investment in PFG pre August 2017? Can't see your point.

.............Foldsmobile!

break 1 - for someone who's only ever posted two comments you certainly have a lot of negative things to say. You shorters are as transparent as glass! What name did you previously post under?

DD77 - I spoke too soon - it's back up to 13.44%!!!!

...... and I note from the Short Interest Tracker website that the short positions have decreased from 13.76% on 18 January down to 12.74% on 14 February. Just a slight drop but going in the right direction.

According to the FT website the top 10 institutional holders hold 77.63% of the PFG shares. However, the website also gives details of other institutional holders and by my calculations the institutions hold at least 83%. Interestingly, Goldman Sachs bought 3.03 million shares after the shares crashed in August (50 times their previous holding), UBS bought 3.6 million (4 times their previous holding) and Schroder have bought 6.88 million since 2 August 2017(5 times their previous holding). Not the actions of people worried about PFG's future I would dare to suggest. Just my own opinion! (P.S. So as not to be biased the FT website also shows that 3.3million shares were disposed of by institutions although all, except one, still retain holdings).

Chartist - lets hope it's the shorters getting worried!

Chartist - I've never heard of "price maintenance" to maintain the m-cap before so I won't argue especially as price maintenance is very welcome!

Chartist - not sure I subscribe to your theory that Woodford and friends are building up a stake in order to take over the company. Woodford has previously stated that his fund's aim is to achieve capital growth and dividend income. I dont think his fund investors would welcome a fundamental shift from that remit.Woodford has also stated that he believes PFG will recover from it's current woes. I therefore believe that he is simply taking the opportunity to top up his holding cheaply. To this end he is being aided by the shorters who are driving the price down by promoting/encouraging negative sentiment. Both are therefore currently benefitting. The crunch will come when the results come out. Will the negative sentiment continue or will the wind change? We have already seen how a snippet of good news makes the share price fly (CEO appointment). Shorters will therefore be more concerned as the date approaches.

TitusPullo - I have been unable to find anything at Companies House to confirm your "fact". Can you please provide more detail?

TitusPullo - Under which reference (CRN)? Had the resignation been price sensitive then it would have been the subject of a RNS. Obviously he wasn't a major cog in the company.

3791 - Do you honestly believe that the FCA would fine PFG to the extent that the fine would force them into administration? Rubbish. The size of the fine (if any) is pure speculation until it is announced.

According to Financial Times the institutions now hold 77.63% of PFG shares. The Traveller - Woodford paid a lot higher price for the majority of his shares than you did for yours. If he is prepared to hold on to them (and increase) then why shouldn't we? (My average is not much less than yours!)

Someone has previously posted that "..the share price doesn't lie". It doesn't, but remember that a company cannot directly infuence it's own share price; that is done purely by market forces i.e. the demand for it's shares. That is influenced by many factors, the main one being sentiment. Look at the dividend history for this company - in 2016 the total dividend was 134.6p. If you buy shares at the current price (6.66p) then a dividend of 134.6p represents a 20% yield. Even a dividend of 63.5p (the 2010 dividend) will give a yield of 9.5%. Even if you bought the shares for �9, a 63.5p dividend will yield over 7%. That is why the institutions hold 70% of the shares - they are confident the company's current woes are short term. Again, only my opinion.

Over 70% of PFG is held by institutions. 12.6% of the company shares have been borrowed by shorters. Who loaned them the shares? The institutions. The shorters are keeping the share price down - the institutions are increasing their holdings at a low price. At some point the shorters will have to buy back the shares to give them back to the institutions which will be when the sentiment changes. Why are the institutions increasing their holdings? Because they know that a recovery is on the way, maybe not this year, but long term. The institutions would not increase their holdings unless they were confident in the company's future. However, only my own opinion.

TitusPullo- Question - what's the difference between a "rumour" posted on a message board and a "rumour" re-stated as a "fact" on a message board? Answer - there is no difference. If what you say is true then point us to the source of your information i.e. a source which is capable of verification.

TitusPullo- Rumour I heard out of Bradford was that the company are set to re-instate the dividend, directors are going to buy a shedload of shares in view of the imminent share price rise and that Shergar has been found in the PFG cellar. Bad thing about rumours is that no-one can verify them.

Invesco holding now up to 24.92% from 23.2%. My personal view is that PFG will recover from this bad year very quickly. If they do, then the investment funds are going to hold a large proportion of the shares (already about 70% at the moment) so if the company start paying the old level of dividends then it will be the investment funds who will benefit in the long run - they may even just see this bad year as an excellent opportunity to top up their holdings. They certainly do not seem to be trying to reduce them. Once the company completes its recovery then the demand for the remaining shares on the market is going to be high and when demand exceeds supply we all know what happens to prices. So fill your boots now is my advice because once the dust settles these shares are going to as scarce as rocking horse poo and the share price will reflect that. Purely my own personal opinion.

Fastfood - No ask danger145 - he likes listening to you. Unless that's you as well.