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PCF Pcf Group Plc

0.95
0.00 (0.00%)
18 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 4751 to 4773 of 5625 messages
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DateSubjectAuthorDiscuss
18/11/2021
13:52
Not to mention of course that today we discovered the board has been conducting a separate review into the company’s “suitability as a listed company” which is apparently nearing completion.

I honestly think if they kept that quiet, then the board can not be trusted to be upfront about anything. Quite how that fits in with increasing trust in the financial information, without a complete shake out at board level, I don’t know.

the millipede
18/11/2021
13:27
My reading of the RNS, having looked again at it, is that the shares will not be delisted this week.

"The Group's shares remain suspended pending completion of the Assessment...." is a sentence, that to me at least, is incompatible with a delisting this week due to a six month share suspension.

However I am left with the feeling there is an awful lot we are not being told. As I wrote earlier this week, I suspect the auditors and people conducting reviews have struggled to know what financial information is trustworthy. I think this is somewhat consistent with the revelation that they have spent time conducting a "programme of cultural change focussing on the identification and management of risk, active listening and speaking up."

Although how such an oppressive culture was allowed to develop in the first place, whether any of the board members are suitable to lead the change, and why it takes so long to change things round I do not know. "Speaking up?" FFS. Presumably the company employs adults?

One final thing. The Assessment around listing suitability can surely not be a PRA concern? If the company can clear regulatory hurdles and keep its banking licence would there be any reason why a private company would somehow be "safer" in terms of regulatory/banking risk? This seems to me more an internal decision - does the board want to maintain the listing? They might not.

But I am speculating, and there is too much that is not being made clear.

the millipede
18/11/2021
11:26
This apology and update was most welcome. Whether it brings hope rather than death by a thousand cuts remains to be seen. However with my cup again half full I can understand the bland and anemic Trading update and outlook as they will hopefully be saving all the good news for when the suspension is lifted.
I find it hard to believe that after all this time, effort and cost the "Assessment" will conclude PCF is not suitable to be a listed company. for me that would be like Turkeys voting for Christmas.
Onwards and hopefully upwards!!

seasidehippo
18/11/2021
11:11
Nothing in this mealy mouthed evasive RNS to suggest that that PCF will ever be relisted. What this means for shareholders other than Somers heaven only knows. And yes of course we need to form an Action Group but that will require time money and above all leadership.
hopespr1ngseternal
18/11/2021
11:00
It looks like they are fully in hock to management consultants and external accountants who are in no hurry. The 2020 accounts will be of historical interest only by the time they get them done, the trading update as well. We will need a clear plan as to how they get going from here. Very sad, as this should be a good year and 2nd hand car values are up just as they flogged off all the bad debt for pennies.

Do we need to form an action group in case they try more of this nonsense? Soon there will be a negligence case against Sommers?

georgelees
18/11/2021
08:57
It is really important to remember that much of the IR section of a website is required under AIM rules.

If the stock is delisted these sections won’t be required any more and might not be available.

Download everything IMO.

the millipede
18/11/2021
08:07
My reading: Upon lifting, the share price will be savagely written down.

My choice will be to join in i.e. sell at a significant loss and move on or to decide to hold for recovery which may not be short.

Merry Christmas and let us hope for a better 2022 for PCF. Bye.

dandigirl
18/11/2021
07:47
Trading update is 2 paragraphs long of badly written guff but manages to say sweet FA. Why bother writing it?
iain123
18/11/2021
07:43
Sounds like they don't like the scrutiny that a publicly listed company brings, because of the inadequacies in their reporting.They are educating their workforce to not be afraid to whistle blow, this is worse that I thought.Good chance they scurry away by delisting.
che7win
18/11/2021
07:41
And me Dandigirl
solarno lopez
18/11/2021
07:40
Ridiculous beyond belief - what on earth are the people in charge doing here.
What external what is needed who where and when?
We pay directors well to be able to do the necessary themselves - absolute lunacy we have people in charge who haven’t sorted and done what needs to be done by now - crazy.

rmillaree
18/11/2021
07:40
"It's suitability to be a listed company (the "Assessment") is nearing completion." Mmmm
iain123
18/11/2021
07:20
The Trading Update made grim reading to me. A vibrant market appears to be passing us by.
dandigirl
18/11/2021
07:08
Another month or two ????? What, what, what takes this long ????

The RNS suggests it is business as usual ( albeit at a lower level).

There is no mention of listing or delisting, apart from obliquely. As it reads, they suggest it will just end the suspension in Dec/Jan and all will be back to normal

Really ???

graham1ty
17/11/2021
14:43
Halifax share dealing still showing a value, chin up!!
seasidehippo
17/11/2021
11:35
Lets hope they come 100% clean before Friday. All the bad news out there and hopefully good news going forward. They really owe an explanation as to why we have been told next to nothing for months.
georgelees
17/11/2021
10:35
Graham: have you asked why? I certainly would.
Seaside: as I said the other day the problem is that they have given us no clue what needs to be done by Friday. Nothing in the RNS beyond the need to file accounts and complete the PCW review both of which they claim to be making good progress on. PS Graham I have spoken to my broker and he has said that it is not something they would do - or indeed have done. It has no significance. Your shares are not worth less than mine!

hopespr1ngseternal
17/11/2021
08:55
Hargreaves have removed the line of PCF stock......in at zero value.....yet no announcement......gulp......
graham1ty
17/11/2021
08:46
What exactly do they have to get done by Friday? File the accounts?
seasidehippo
17/11/2021
08:43
Increasingly looks like Friday will be a false dawn.

Accounts overdue at Companies House.
Accounts not lodged with regulators.
Why care about lifting the share suspension?

If I were a Board Member, there would have to be compelling reasons for me not to resign given the many failures of these past many months.

Are these people “fit and proper” to run a bank?

dandigirl
16/11/2021
15:15
Millipede: I think they have to tell us this week. This is a hard deadline for the company and I assume they are working to it for better or worse.
hopespr1ngseternal
16/11/2021
14:56
Agree hopes. Clarity has been very lacking.

I have assumed that the previous fiddling of figures has caused a complete breakdown of trust across the company such that it has pretty much ceased to function.

It is the only way I can rationalise the time taken.

I am sure they will tell us one day, so we don't need to guess.

the millipede
16/11/2021
14:10
problem? what problem? the share suspension will either be lifted or it won't!!
seasidehippo
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