The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Thank you Gary for stating the obvious.
*make their own decisions?
Will there come a point Tony when you've had enough of being so benevolent and just leave people to make up their own decisions?
Or high 30s if a positive RNS gets released.
To be fair, after the 20th December update i dont remember anyone saying 100p was around the corner. Most LTHs were just relieved that the company wasn't about to go under as they'd been led to believe by Tony and his cohorts.
Aside from shorts inreasing nothing has changed since that upbeat trading update. Ignore the noise. Dont let the trolls manipulate you in to selling your shares which are worth far more than the current price. The board are working on a solution to the liquidity issues. Be patient, these things take time. 6-12 months from now things will look far rosier and above all only invest whatbyou can afford to lose.
Wildtiger,
At least some of the other shorters make an effort to provide some semblance of evidence for their positions in PFC. You on the other hand make ridiculous statements like PFC being on the verge of being delisted from the stock market' which even our friend Tony would agree is utter nonsense.
Excellent news.
I know I shouldn't be encouraging you Dogger but I must say you do make me laugh!
Shorters have attempted to damage the company and its credibility over the last few months. If I was connected to Petrofac, especially at a senior boardroom level the last thing I would do would be to reward the very people that have tried their best to destroy my livelihood and that of my colleagues and friends with a dilution. Let's hope Tareq and the BODs feel exactly the same way.
Good luck to everyone!
StockNor,
The issue LTHs have with shorters is that investors in a stock wish to see the company prosper. This has positive and far reaching consequences for its employees and their families, customers and the wider economy. Just about everybody wins. Shorters on the other hand wish to see a company destroyed. I have no doubt for example that nothing would make you happier than to see Petrofac go under irrespective of the 1000s of employees who would be left without incomes during one of the toughest economic periods in living memory. I find that despicable and I suspect a great many others do too.
I think LTHs should find comfort in the increased number of shorters who have posted today.
So let me get this straight... The only reason you believe a fund raise is likely to happen is because its the only way the shorts can get themselves out of the mess they've got themselves in to? If that's their plan then yes, they are "brain stupid!"
It's not a certainty at all. The reasons being mentioned numerously over the last few days/weeks. Too tired to repeat them.
Makes you wonder how many other buys have been shown incorrectly as sells.
Two of my trades this week which were buys have shown up as unknown and a sell.
KPA,
Is it too much to ask for you to post a nice comment once in a while?
Stop being a complete k nob!
A relatively sudden jump of over 6% from the lows of this morning. Has something leaked?
With every passing day we get closer to PFC coming up with a solution to their short term liquidity issues. The shorts must be acutely aware of this fact. It's entirely possible that they have increased their positions to hasten their exit price. One thing is for certain though a positive RNS regarding liquidity/non core asset sales and the share price will soar.
Don't want to jinx it but considering shorts are at 10% we're seeing some excellent support at around the 30p mark.
Its considered negative for a stock such as Petrofac to be shorted. The more shorted it is historically, the more likely it is to go down in value but shorters aren't always right. Far from it.
Shorting is legal but morally its considered by many to be a grey area.