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£2.30 is a very realistic price target in the next few months. If dividends are announced next year then around£2.80 but £6 is pushing it.
Same thing happend after the FY results. If projected earnings continue without any nasty surprises the share price can easily climb to £3 this time next year. Patience required.
If we get a date for the reinstatement of a dividend this is heading to at least £2.80 by the end of the year.
I'd be happy if we just survived and were in profit by 2026!!
@George,
Neither, I'm a huge Tigers fan!
George, its a massive shame the Malaysian asset sale hasn't been completed yet. If the figures PFC would receive for those assets are correct a D4E perhaps wouldn't be on the cards.
The article doesn't mention anything new. Talks about how the legacy contracts are mainly to blame for PFCs woes and that a non core asset sale is on the cards. As has been reported they're looking at flogging the Malaysian assets. Also talks about the D4E and the $300 million injection. Nothing else.
Hope so. Topped up at 1.73.
GLA!
Know exactly how you feel f-magnet! We probably both need to get more of a life.
I know @sharefall. Let him have his fun.
@Tony
Well you could knock me down with a feather 🪶
Am I reading this right Tony? You've bought PFC shares?
Glad to finally have you on side Eurofil! Now just waiting for Tony9s...
The business is fundamentally sound with an $8.5bn backlog of contracts. We just need to get through this cash crunch. I'm under no illusions it's going to take a long time to get the price where I want it to be but I'm sure it will.
I certainly wouldn't recommend anyone to buy right now but selling at such low prices for huge losses doesn't seem wise either. If there's a reasonable chance the company will survive and in the next few years begin to turn the corner surely its better to hold.
Not happening Snapper. PFC will survive long term. Will take holders a minimum of 2/3 years but we'll get our money back.
All of Snappers Christmas' and wet dreams have arrived at once!
Give it a rest dude. You've made your point FFS!
I've never abused anyone on this board and never will, even you Snapper. Show me one post where I did?! I've only ever called out comments that attempted to convince holders to sell at a loss based on conjecture.
Gary,
No one is disputing that but is it really necessary to take such obvious delight in other people's misery?
Some shameful gloating going on today from a number of individuals. Many people people potentially losing a lot of money. You'd think that would be enough for the likes of snapper, kpa etc but apparently not. They still feel the need to rub it in. What a sad life you people must have.