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PCF Pcf Group Plc

0.95
0.00 (0.00%)
12 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Pcf Group Plc LSE:PCF London Ordinary Share GB0004189378 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.95 0.60 1.30 - 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Pcf Share Discussion Threads

Showing 4726 to 4750 of 5625 messages
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DateSubjectAuthorDiscuss
16/11/2021
13:03
Does anyone else find it odd that we are talking about delisting at the end of the week and we have no clue what the problem is? PS Azule to attend both days of BITAM in Madrid this week according to linked-in posting.
hopespr1ngseternal
16/11/2021
09:44
If PCF was to be delisted then it would be 'normal' for the shares to be listed on another exchange pending re-listing on AIM if they decided to go that route. I've had that happen to me once before.

The only issue is whether or not your broker can deal on that exchange. Used to be ISDX exchange but I guess nowadays AQUIS would be the route to go.

However it may be possible to remain unlisted for a period of time under exceptional circumstances. Just got to wait and see.

carcosa
15/11/2021
18:15
I will only make a decision when i see how the msrket reacts and after reference to any forecasts and outlook provided by the company. Simples!!
seasidehippo
15/11/2021
18:00
Seaside: why? are you a seller? I don’t mind holding the shares if the company is back on track. My greatest concern is that Somers will use the opportunity to take the company private on the cheap thereby depriving us of the opportunity to participate in any subsequent recovery in the share price. Everyone to his own.
hopespr1ngseternal
15/11/2021
17:52
My biggest feer is how the market will react if/when the suspension is lifted. As that well known retired Amrrican tennis player said "are you serious' or words to that effect.
seasidehippo
15/11/2021
17:36
Millipede: not just awareness but ‘acute’ awareness. The adjective is not otiose; it is surely there for a purpose - as a signal so to speak. Combine this with the statement in the June update that the suspension will be lifted when the review etc is complete and which has never been retracted and I cannot agree for one moment that there is no commitment to do anything about it. They may be prevented from doing so by circumstance but that is quite a different matter. It is quite clear from Garry’s email that they are working to resolve the situation (whatever the situation may be).
hopespr1ngseternal
15/11/2021
17:25
Seaside, I agree and it seems extraordinary to me that any of the non execs are still in post.

I also think one of the issues with the company’s recent “reassurances” especially by private message is they simply acknowledge awareness of the delisting issue. There is no commitment to do anything about it!

Anyway, let’s see what transpires. Needless to say this is one issue I would be very happy to be completely wrong about!

the millipede
15/11/2021
15:52
In his email to me the CEO also stated in response to my contention that the minority shareholders are being disregarded: ‘As to the position of minority shareholders the Board takes its obligations to all shareholders very seriously’. The word ‘all’ was underlined for emphasis.

I remain of the view that a voluntary or planned surreptitious delisting is out of the question. However if the company needs more capital and Somers are playing hardball that could force the company’s hands if relisting would lead to a bloodbath in the share price. However as Millaree points out the CEO ended his response to me with the following sentence which bears repeating: ‘rest assured good progress is being made on all fronts’. Which is entirely consistent with ‘well progressed’ in the last RNS. I entirely agree that If delisting has become a probable outcome the company had a duty at the point when it became probable to issue an immediate RNS to that effect. As they have not done so I remain positive and expect a comprehensive RNS between now and Friday morning followed by an immediate lifting of the TEMPORARY suspension. But as Dandi points out this one has been difficult to call. So we just have to wait and see.

We do not know whether the Board will survive this intact. We wil have to wait for the very same comprehensive RNS to find out.

hopespr1ngseternal
15/11/2021
15:10
I think if the company will be de-listing without the shares being relisted first (or subsequently)then that would make the public (and not so pubclic) comments made by the board seem vey disingenuous. Note this may be glossed over by saying the two things are independent of each other so there might be a middle ground here, but to me if they knew or know they will be chucked of aim soon then IMHO that is entirely at odds with the public statemement made on 21st October "review of the Group's financial statements is now well progressed." - ans later subsequent emails to individuals confirming nothing to worry about(note unverified but no reason to doubt they said what they said).


Practicably speaking though we are where we are so what i think is reasonable and should happen matters not - i would guess minor sharereholders are right of the bottom of the pecking order here.

As seasidehippo has mentioned if its the same old bods in the audit committee as pre issues (not sure what has changed in that regard??) we should probably expect more s... to be coming our way.

rmillaree
15/11/2021
14:38
I sit down corrected - apologies!!
In my book your assertion is now a clear favourite (for me 80:20) but lets see what unfolds. I would have thought that if you were improving the control environment you would start at the top and work down? At the very least I would have expected the Audit Committee to have been refreshed but I have seen no announcement in this regard unless i've missed it. This may also be reason to think your assertion is correct.

seasidehippo
15/11/2021
13:42
Seaside - that was a quote from someone's previous post on the same day.

I went on to provide a link to AIM rules wherein is stated the six month rule.

My view has always been delisting is likely. I think it might even have been part of the plan, not just an unhappy consequence of the review period.

I think I wrote along these lines soon after the suspension.

the millipede
15/11/2021
13:13
Welcome back hippo. Absence not lightened your mood, it seems.

Has anybody called this correctly? I think not.

We just have to wait for the cookie to crumble.

We are all in this together so let's be nice.

On topic: I am wondering why nobody has resigned from the Board. Current situation reflects badly on all of them.

dandigirl
15/11/2021
11:20
You posted on 2/11 "Please stop scaremongering. The company will not be delisted." !!!
seasidehippo
15/11/2021
10:16
I don't understand why anyone thinks this week is a deadline, from the company's perspective?

Clearly the end of the week causes problems for small shareholders.

I think not being listed would make life easier for the board of directors, however.

Let's see anyway.

the millipede
15/11/2021
10:03
Private Frazer's law "we're all doomed"
seasidehippo
15/11/2021
09:56
Parkinson's law: "work expands so as to fill the time available for its completion."

Why they risk going down to the line after many months is not easy to explain..

georgelees
15/11/2021
07:18
So much for a Monday morning RNS.......we wait a little longer ( or much longer)

Who knows.......

graham1ty
13/11/2021
13:32
Dandi: ballpark current NAVPS 59m ~ (say) 9m divided by 250m shares = 20p NAVPS.
hopespr1ngseternal
13/11/2021
13:30
Dandi: ballpark current NAVPS 59m ~ (say) 9m divided by 250m shares = 20p NAVPS.
hopespr1ngseternal
13/11/2021
10:37
I think so too.

Probably both PRA and FRC heavily involved too. They will want to get this right this time. Not that PCF is big enough for systemic risk.

There must surely be some value. Question is: How much? One number I will home in on is the NAVPS, one guide as to share price.

Interesting week ahead.

dandigirl
12/11/2021
20:42
Dandi: Garry Stran sent me a very gracious response to my email. He stated 'be in no doubt that the Board is acutely aware of the deadline for delisting and will issue an RNS when it is appropriate to do so'. He ends with the words 'resolving a complex situation such as this takes time, but rest assured good progress is being made on all fronts'.

Hardly apt to describe the preparation of accounts and remediation of the finance and accounting processes as complex. Time consuming. Sure. Expensive. Sure. But complex? Hardly. I infer therefore that there is something 'complex' going on which is holding matters up and I assume it is some sort of capital raising/restructuring which involves Somers. Whether things get sorted by next Friday is anybody's guess. So the answer is that I am less confident than I was but take some encouragement from the final sentence. What a mess.

What is certain is that we will get a major RNS next week whether the news is good or bad.

hopespr1ngseternal
12/11/2021
18:04
Hopes: Still confident that PCF won’t be delisted?
dandigirl
12/11/2021
08:28
Noticed this a.m. that somebody took the trouble to update the AIM RULE section on the PCF site on 22 October. Someone must be looking at the rules. Took this as a positive.

After hours tonight would be a great time to issue a statement.

dandigirl
10/11/2021
13:52
Dandi: agreed. No doubt now in my mind that the delay is attributable to a capital raise. Otherwise we would surely have had an announcement by now.I hope I am wrong but….
hopespr1ngseternal
10/11/2021
08:38
Thank you, hopes.

Surely everything that is to be found has been found and now there are discussions/negotiations as to what to do next.

Still of the view that a capital raise is necessary and any prospectus will have to carefully worded. It is this sort of thing that takes time.

Fingers crossed.

dandigirl
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