Member Info for YorkshireBlues

No Paul, they haven't said that. They said all options remain under consideration including the sale of non core assets as well as investment from certain shareholders and new investors. A D4E is certainly a possibility as outlined in the RNS but nothing has been definitively agreed/confirmed.

@PFCvetran

Pretty much my sentiments as well. The RNS was clearly designed to put a lid on the SP moving higher or at the very least for someone to buy on the inevitable substantial dip on Friday morning. As LTHs there isn't much we can do except sell at a loss. I for one will wait it out to see what happens. My gut feeling is that someone is accumulating for an offer around the 40-50p mark.

Deliberate suppression of the share price?

It was a very odd week. Even by PFC standards. The RNS itself with D4E listed at the top as a possible solution to the liquidity issues was clearly designed to suppress the SP increase of the last few days. Hopefully we get some concrete news soon one way or the other.

And short positions remain unchanged.

The RNS didn't really tell us anything new except that a D4E is now certainly on the table so was it absolutely necessary? The timing of the RNS couldn't have been a coincidence but then again this is PFC. Hope something is brewing...

As unsettling as today's RNS was nothing has really changed since October which is when the short attack started. Back then the price was around 80p. If we'd had no short attack and a D4E was announced today I suspect the price would eventually settle to around the 20p mark which is why I think the share price hasn't dropped as much as some had predicted. In other words has the D4E already been priced in?

Additionally, as much as some on here will have you believe a D4E is not a shoe in. There are other options being considered including non core asset sales, prospective investors and 'certain major shareholders' (Asfari?) in relation to further investment. If I had to guess I think we'll end up seeing a combination of the above.

Someone just bought close to 500k shares for £130k

PaddigG,

The RNS states ALL options are still being considered. I do agree however, reading between the lines, a D4E is more likely now than 4 months ago. Lets wait and see what Aidan comes up with.

The timing of the RNS is appalling Evanescent!

@Confluence

Certainly not the RNS we wanted but the survival of the company is paramount. If there ends up being a D4E and the company survives then so be it. Painful for LTHs but at least all the uncertainty regarding survival will be put to bed and PFC can concentrate on winning more work and delivering the $8bn of contracts already secured.

I suspect many haven't read the RNS as closely as they should have. While D4E is mentioned as being one of the options available so have a number of others including the sale of non core assets. I for one am holding until we get tangible news. I suspect there will be a few more twists and turns to come but as long as the company survives even with a D4E and if you can wait long enough the share price will be far stronger in 18-24 months.

Pretty sure Steve077 and Sm66 aren't shorters Omar.

Of course! The SP has spiked almost 40% since the lows of 24p on Monday afternoon. I'd be craping it too.

Hope you're right Omar.

GLA

We've been here before a few times in the last few months. Without a confirmation of shorts closing and/or an RNS I'm still personally wary.

I can understand where Sm66 is coming from. We've had a few of these sustained spikes in the last few months only to go back down to low 20s. Hopefully this one is different.

@tony99999

Someone woke up on the wrong side of bed this morning!

Maybe I'm wrong but I thought that was part of his renumeration package.

What a fantastic 3 or so weeks it's been. If the price increases by the same percentage as it has since the lows of March 6th in the following 3 weeks it will be at £2.20. Food for thought for anyone looking for a quick profit.