Petroceltic Share Discussion Threads

[doohoma3] 16/7/2015 15:43

sadly 75p per share coming up quite soon 3p old money

[hayfield] 16/7/2015 14:58

WV are still up against it. The whole culture at PCI is one where employees,contractors and Engineers along with the bod all earn top dollar. I was stunned when I heard what some of those x Melrose now Petroceltic engineers were earning.Its one big massive gravy train, no wonder they constantly need to milk the market all the time.I think WVs case against them may have merit and cost the company another $50-70 million.

[rallyman2] 16/7/2015 14:37

hope they learnt lessons from the last egm

[bu5boy] 16/7/2015 14:10

Wv,must be underwater to the tune of £50m in pci.

[hermana3] 16/7/2015 11:42

Notice our lot dont tell us what WV are demanding!!!!

[rallyman2] 16/7/2015 11:28

will be interesting to see pci's response .....also is adair for "changing" he will want the best return on his money

[doohoma3] 16/7/2015 11:02

great to see us back as one of the movers of the day ha ha definately transformational move

[verger] 16/7/2015 09:22

Yes, but what might wv achieve?

[hermana3] 16/7/2015 08:54

All the warnings from WV on financing issues turn out to be prophetic. Next EGM will not be a walk in the park for PCI....

[verger] 16/7/2015 08:48

Given their resounding thumping at the last vote can wv really achieve anything by calling an EGM? Let's have a bid please.

[hermana3] 16/7/2015 07:51

Knew them Swiss bunch would get back to "Fatman Hunting"

[seangwhite] 16/7/2015 07:30

Big Brain will take time making his way through a large and hearty breakfast this morning.No doubt he will be planning a resounding rebuttal to the upstarts at WV who dare to question his leadership skills.Just look at his record in transforming PCI and its share price VGLTA

[geordy2] 16/7/2015 07:12

EGM, about time Brian got the bullet

[hermana3] 15/7/2015 20:31

Wee former darling of the city, tom sure has "transformed into a grovelling kneeler to the fat controller".

[seangwhite] 15/7/2015 20:02

Big Brain must be looking forward to the AGM on the 24th where he can confront his many critics and sadly for all shareholders spout more sh*'re -all as per usual.Wee Tom will be there to act as his dummy and show all and sundry that he is in awe of the Big Man.GLTA

[donpatrol] 13/7/2015 12:17

Markets reacting well to the Greek deal, but as always this manages to go lower.When is the Agm, can we get rid of Fatman and robbering this time?

[rallyman2] 09/7/2015 12:06

maybe the 8m sell off was the cause are we going back up ?

[goldencrosskiss] 09/7/2015 11:42

Agree Hayfield. £175M of bonds won't even scratch the surface. From where I am standing it doesn't look good. In addition any bidders if any will know they are in a desperate situation with cash so is PCI in a good bargaining position? I feel management has pull wool in front of shareholders eyes for years and if it is the case that they have been very economical with the facts (unlike with the shareholders money) then it is not acceptable even on AIM.

[hayfield] 09/7/2015 10:54

They could go sub 70p?More like they will go sub 70p. Its a funding and debt issue now and the man at the helm knows only one action and that's to milk the market.He's Found a new trick now and that's a bond issue. Now the bond holders are going to own Ain tsila.Ffs what has happened to the HSBC lone facility of up to $500million, have they withdrawn it? If so then the market needs to be informed as they are not going to be able to meet their financing obligations for the gas field development costs over the next 3 years.Production and revenue from those great Melrose assets have fallen off a huge Cliff.Looks like they were duped with did assets and over inflated production figures.No mention either of the sales price they are getting for the gas but I bet they managed to sell at the bottom.This is now in the early stages of insolvency. Another Afren for Aim in 2015.

[doohoma3] 09/7/2015 10:18

longterm sufferer here rusty I think they ll go sub 70p at least cause they have nothing going for them at the moment

[rusty9717] 09/7/2015 09:54

Joey, do you honestly think these could go to 50p.
Been out of these a few years, might have a little punt if they look oversold and value.
I got out at a moderate loss back then as I had my doubts about the BOD then!

This used to be quite a busy BB but seems a lot quieter now.
Regards to those still holding.

[seangwhite] 09/7/2015 00:57

Adair must have a thing going with Big Brain as there is no other explanation of how he can standby for so long and see so much of his wealth destroyed.PCI under BB has been a disaster for the shareholders (well rewarded for the CEO) and nobody can say otherwise.GLTA

[joey_the_lips] 08/7/2015 22:44

First time I've used a stop loss. When they hit 110 I set mine at 108.25, my break-even point. They got sold and I thoughr I'd made a mistake because the share price bounced straight back up to 110. Boy am I glad I did it now. Like I said 'I might buy back in if they dip to 50p. What a mess BB has made of this company. GLTA