Pcf Share Discussion Threads

[the big fella] 02/4/2019 19:03

Indeed it is. Not 1% here but a decent stake nonetheless

[glaws2] 02/4/2019 12:30

Graham - it's 1% of FA (oops there's a double entendre)

[graham1ty] 02/4/2019 11:27

Big fella,over 1% ? That is £1m !! So, hope you are correct, though at the moment seems to be just sellers at 31p.......

[the big fella] 01/4/2019 12:31

I am indeed. I think this is the floor. I speak with the company regularly and have a good handle on things. I hold over 1% so I would say that.

[cc2014] 01/4/2019 12:20

Thanks for the information. I assume you on FA.? Best wishes for that. I've been watching it for over a year now and I can't work out whether now may be the right time to buy. I shall keep watching - I'm a pretty prudent investor so it's probable I'll wait for a clear sign of recovery (by which time the opportunity may well have gone)

[the big fella] 01/4/2019 11:40

Apologies - I needed to raise some cash in my ISA to take up an open offer elsewhere. I had to choose something to sell and as I already had a large position here so sold 50 on Friday and 25 today. I will not be selling anymore.

[cc2014] 01/4/2019 11:28

I'm guessing but I'd say it's the last of the shares going through which were bought at 30p in the OO which were bought with the sole intention of trading on for a small profit.

The problem is not so much the selling but the apparent lack of buyers. this is even more surprising given the general strength of FTSE today on the banks and financial services.

If I reading things right we are heading for a softer Brexit which will assist the share price. With labour taking a 5p lead in the polls despite the talk of a general election that won't happen now, no deal won't happen so all we are left with is a softer Brexit. As an aside I'm struggling to understand why the Cabinet don't just roll over and commit to this. If fulfils the referendum mandate of leaving whilst keeping the remainers on side as the best of a poor set of options

[graham1ty] 01/4/2019 11:09

Why is this so weak again ? General worries about the challenger banks ?

[cc2014] 20/3/2019 15:15

Share price nudges up another penny but very little selling despite the rise. We definitely seem to have turned the corner here.

[cc2014] 19/3/2019 15:37

Trade flow suggests the price is starting to get over the placing and open offer.

A solid 33p if you want to sell now, giving a 10% return from the placing if you were so inclined. I'm completely guessing but anyway who bought for a quick flip will be out of the way very shortly.

[graham1ty] 15/3/2019 14:26

Now, like after a good meal, and indigestion, we need a large burp, then PCF getting on with business as usual, and the share price getting back to the pre Placing level

[glaws2] 15/3/2019 08:09

Thanks CC2014

[cc2014] 15/3/2019 08:06

In portfolio click on stocks, then click on PCF and it will show you all your transactions on PCF

[glaws2] 15/3/2019 07:34

I had to manually work it out Graham.....

[graham1ty] 15/3/2019 07:24

Glaws, and they have ! Thought HL seem not to have actually listed the number given. Just the new total, and the cash repaid. So, will have to look up the old holding and compare......

(It probably is somewhere, I just cannot find it)

[glaws2] 15/3/2019 06:32

And indeed it was done last night !

[graham1ty] 14/3/2019 17:32

HL told me it would be done by COB tonight. Useless crowd

[glaws2] 14/3/2019 16:39

Just received this info from HL

"All basic elections have been satisfied in full and excess elections have been scaled back and approximately 31%. We will be releasing the Shares and the returned Cash by COB tomorrow"

[solarno lopez] 14/3/2019 14:50

I too was scaled back on a modest excess application of 2000

[cc2014] 14/3/2019 14:45

Well, I don't understand how you have got your allocation in full as there was a scale back but well done.

I've had mine through from AJ Bell now but not HL. Not sure how I feel. I've been given a decent amount of excess shares if I compare with my 1 for 37 entitlement. Alot better than I expected (but I've still been diluted, only nowhere near as diluted as I expected)

[carcosa] 13/3/2019 09:51

Good write up: - Q&A report from AGM by Paul Hawkins

"It’s now clear that once £100m market cap is reached, that will be a very positive development and could be the catalyst for a further re-rating or a signal that a fundraise will become imminent. "

[yupawiese2010] 12/3/2019 19:08

Update to earlier post 2543 ,I asked Selftrade - Who were awarded the excess open offer shares, as I duly believed that not all P.I would have taken up there full entitlement.

Selftrade have now telephoned me, & message left in inbox that my application will now be meet in full ie 20k.

New shares have been credited to my account.

[yupawiese2010] 12/3/2019 18:49

In respect of the open offer excess entitlement, I applied for 20k & have just been informed by brokers Selftrade that I was awarded 0.!!

[dendria] 12/3/2019 09:56

Not yet processed at IWeb either.

[cc2014] 12/3/2019 09:54

Still no notification of how many shares I've got either from HL or AJ Bell. All a bit frustrating.

Not that I'm going to sell any. Well not at 32p anyway. 40p and I'd probably be persuaded to let the OO ones go and keep my core holding.

I sense anyone taking up the placing shares has had plenty of time to sell them now and the price is holding up around 32.5p. Based on the trade flow there do seem to be few sellers but I expect those who bought in the placing and are happy to sell for a quick 10% will run out soon (especially looking at the way the banks are heading up today).

I'm not expecting many to sell from the OO as at 1 for 37 or whatever it doesn't make much difference to someone's total holding.


With a bit of luck I can see this pushing back to 35p within a week or so. Which would be nice.