Member Info for wolfhound

Anyone have access to Barclays research - would be nice to get their underlying thoughts/calcs for 850p target sp with overweight rating - possibly a heads up of what is coming on 29th ?

Sp spiked because it was undervalued , as it spiked shorters began to close, it has come off about 25p from its recent peak, so 3%... and looks to be bouncing off support levels ( that had previously been resistence levels).

New broom sweeps clean and I have to imagine new SFO CEO might just decide time to re-evaluate what they take forward and given Mr Martins situ - PFC might get a simplified solution.

SP would spike - worth being apart of IMHO

I can see the sp rally from here, the 50 day mavg sits well abovr the 200 mavg , interim div of 10p approx in 7 bus days, perhaps more RNS..... I suspect shorters may also reduce ahead of divi or else they have to cough up 1.7% of sp.....

Ahaa ahaa- so passe , since then the lead legal has been suspended for alleged "gross misconduct" - serious and breakd the relationship of trust i.e. can be sacked on spot with no comp.......
they dont do that lightly.

No doubt same will be seized up by the defense council for Una Oil.

Put simple this guy has shot himself in the left foot and SFO in right foot ........

This has been a significant developmwnt and as tme roles by I suspect SFO will just want this case to wither on the vine and shrivel up and dry up and then blow away

GLA

Spot on pokerchips !!

What is also interesting is that the short position in Amec was cut fairly sharpish from 3.83% on 9 march 2017 to sub 1.3 % by the bid date of 17th Mar 2017........how convenient

4% unemployment in US and corps hitting earnings targets - might need something big to trigger a sell off, equally the US might just inflate its way out of the debt pile - i do wonder if the latter is the US strategy - corps hitting revenue targets and 4% unemploymemt... room for inflation, that is likely to be good for PFC

Thanks Johndean - big development !!!

I suspect we may see an interesting day on sp tomorrow :)

If US crude drops then so will the price at pumps in the US....key as mid term elections approaching.....post elections this decision could be easily reversed...behond a smokescreen of making progress on trade talks...... always an agenda......

You a sceptic ....no way......lol :)

it - looks to be on a break out to 18 month high - possibly in 800p+ range - if we get a good RNS - maybe around time of interims :) To be a H&S pattern I would have expected the dip in June to have gone as low as mid 400s at least and closer to 400p.

Agreed, shorts are reducing, makes me think someone may be sniffing, shorters reduce as they find ii's looking for much bigger stock loan spreads - shorters get nervous and close

......sound familiar ?

Half empty or half full...........investors know the difference, gamblers struggle to understand

I think it the shorters closing that is now partially responsible for the spike in price .... now down to 8.6%

Short squeeze will gather momentum if there is positive news regarding disposals, contract wins, approaches etc...... the squeeze on shorters could put the sp rise on steroids past the 660p resistance level and towards the 800p IMHO

GLA

Being 4th July and US markets closed the UK bots have a bit of a free reign to try to grab cheap shares....I suspect this will right itself tomorrow, poss later today.

....never know it might just get pulled back over the 600p level before close.....lol

Positive mental attitude ...ifonly

At 25% - could be keeping powder dry, from memory at 29% you need to make bid/no bid intentions clear.

If you price in a 33% premium to current sp you are in or around 700p opening salvo... and with 25% you can block scheme of arrangement structures by rivals.....

Now all ya need is a partner with about £ 3bn to invest ...who understands the middle east and oil.... wonder if these guys would know anyone....

Refloat it in 3 yrs for 5 times price -

There have been of what appear on the surface as amateur RNS out of PFC of late ( i.e. bond refinancing) that seems like own goals and the upping of stake to give blocking capability, virtual silence from mngmt on deals last month or so ... all steps that start to make sense if you want to take it private and not get into a bidding war..... IMHO watch this space..... we will get a premium.... probably 700p for openers

Its being walked down and for a reason IMHO......see previous comment as to why IMO.......

Its sp as a multiple of earnings is getting embarrasingly low.....that can make it a target......block it they may try....but unless Asfari and a few buddies have plans to take it private....who knows ?

Exactly, and I am sure that any potential bidder would be looking at right now being a very good time to consider a move

You never know the next RNS with the sp at these levels might just be to announce a bid for PFC........ .....with markets being pushed down by "Tweety Bird" you just know there are big US interests at heart to shove down prices for some big foreign M&A..... all part of "Art of the Deal".... GLA