Clitheroekid wrote:It's neither a conviction nor a vindication.
Mr Asfari said:"...I have also commenced an appeal process in the Italian courts..."
Thanks to eyeball08,Wondergirly,bofh,johnstevens77,Bhoddhisatva, for Donating to support the site
Clitheroekid wrote:It's neither a conviction nor a vindication.
panamagold wrote:I will be wearing a beady eye to follow this as I decided to sell 2 weeks ago having accrued 40%.
Clitheroekid wrote:But I do think it's very good value at £4.67, and I'll be watching carefully for a good opportunity to get back in.
Clitheroekid wrote:I see that the CEO, Ayman Asfari, bought 2,023,800 PFC shares today at a price of 494.11p. He's in a better position than anyone to know what's going on there, and if he's willing to invest £10m of his own money in the company that says a hell of a lot.
youfoolishboy wrote:The large family holding is a big negative for me on this share though I have been adding on the recent dip. They will only act in their own interests and clearly if the idea on ADVFN is correct that this was effectively a bid blocking manoeuvrer if just confirms it.
youfoolishboy wrote:They have cut the dividend though and if the fine is very large the divis might go completely. It should be rememebered too that this is a highly cyclic sector so by the time the fine is paid, I am certain there will be one, the cycle may turn again and divis may be non existant.
For me a take out at £8 includes a load of divis and gets rid of a lot of uncertainty as I dont expect it to regain its former highs in this oil cycle.
Return to “Oil & Gas & Energy (Sector & Companies)”
Users browsing this forum: No registered users and 38 guests