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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Pcf Group Plc | PCF | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.95 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.95 | 0.95 |
| Top Posts |
|---|
Posted at 17/12/2023 08:38 by graham1ty I would love someone (ShareSoc, an MBA student, someone) to write the story of “PCF and what went wrong”.It would tell: 1) shareholders what actually happened ( despite the occasional announcement we are really none the wiser as to how £100m of shareholder value just disappeared) 2) act as a cautionary tale for other investors, and show how £100m can dissipate from am apparently strong position 3) alert regulators/fraud squad/police so they can assess whether anyone has a case to answer 4) alert investors to the role of certain individuals and allow reference to how they behaved If someone, with deep knowledge of the demise, but also critical independent eyes, avoiding the pitfalls of libel and slander, could just tell us “what happened here ?” then shareholders would be well served. But it won’t happen. Board, advisers, institutions are keeping their heads down, hoping no one noticed, pretending it did not happen. And shareholders have been shat upon |
Posted at 11/4/2023 21:11 by dandigirl hxxps://www.investor |
Posted at 21/12/2022 18:04 by catabrit Hi Dandi. It's online via investor meet. You can also see some of the recordings on youtube.Graham - well yeah, it's delisted so of course liquidity is going to suck. Doesn't mean you won't be well compensated in the future but does mean you're in it for the long haul now. One to forget about and just hope for the best. Admittedly, that's easy for me to say considering my basis but even older shareholders had the option to massively average down in recent weeks. |
Posted at 09/12/2022 10:51 by cc2014 I listened to the recording of the meeting today.It's a sad end and I'm left with one fundamental question which will never get answered. "Garry broadly says the business in it's current form does not have sufficient scale to succeed". I'm struggling with this. Anyways, at least they did the Investor Meet. I don't think they were required to and didn't have to do some of the other ones either, so I think at some level they were for a very long time trying to find a way through the inherited mess and find a future pathway. A reminder though to be careful when investing in companies with large dominant shareholders and agreessive expansion strategies. |
Posted at 09/11/2022 20:07 by cjd190573 Thank-you Dandi - have similar thoughts. I’m in with an average of around 6p. I notice you too are a Harbour investor (my primary holding) Goodness we’ve earned our gin tonight. :) |
Posted at 09/11/2022 11:12 by cc2014 I find the statement about delisting the shares to save costs a bit naughty.I can't dispute it's accuracy but methinks it's more about reducing scrutiny. No more PI's to deal with and no more investor meets and more or less only a set of accounts to be produced once a year. Somers can quietly wind it down without all the scrutiny, hopefully get out without putting any more money in and move on. |
Posted at 21/9/2022 09:24 by cc2014 The deadline of a week looks like a "put up or shut up" move from PCF to me. Which I see as a good thing. If a deal can't be put together after this length of time it seems appropriate to either conclude the matter or move on. I'm sure it's taken up far too much management time and distracted from getting on with fixing the business.I can't make my mind up about the new non-exec. On the upside PCF is slowly formulating a Board that is sufficiently heavyweight to ease investors concerns (and perhaps the regulators). On the other someone with that many years at the BOE seems likely to lean towards more remediation rather than less. #4220 The challenge is that PCF is losing money, year on year and has apparently done so against the lowest employment levels we've seen in decades. It suggests the business model is flawed. As we head into the winter impairments will rise as the cost of living crisis takes more and more effect and it's hard to see the NIM not coming under considerable pressure. The resolution to this is to get the cost base down without shrinking the business. The question is how do-able is shrinking the cost base. |
Posted at 22/8/2022 17:12 by goddamitmaverick Could be brokers who bid PI having to move inventory and cut positions.Eventful week?Probably more delays, as Rome burns. Could be other potential buyers out there but all takes time investors don’t have. Somers destroying value, they would have done better to put in the capital required to grow to profitability while insisting in cost cuts and then sell from position of strength but guess they lost confidence |
Posted at 09/7/2022 19:02 by goddamitmaverick Price still downwards, may seem small but not in percentage terms . You could say small investors bailing in thin market if you were kind or you could say market smells further value destruction. At 3- 3.5p how do you persuade investors to take up the open offer at 5p. Answer, they won’t. As a trade buyer can you recommend to your shareholders paying more than 7-8p? Difficult but not impossible . NPV less a restructuring allowance … 10-12p depending how confident you are that you can quickly cut costs and stop the rot.Paying with paper pennies ( shares) helps. When they said PCF shareholders would get a “ small minority holding” they were dead right. |
Posted at 31/5/2022 09:15 by graham1ty “The Group takes it responsibility to communicate with shareholders extremely seriously. Following the publication of the 2021 full year results, it is anticipated that the Group will now move to a regular reporting timetable, with the 2022 interim results scheduled for the end of June. The executive team will host an 'Investor Meet Company' online meeting, as it has done previously, shortly after the announcement of those interim results to outline future plans for the business and to answer questions directly from investors. Further details of the exact timing of the event will be announced nearer to the time.“Er, so why is there no meeting today ? What no chance to quiz the Board on this mess in the next few days ?? |
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