Pcf Share Discussion Threads

[graham1ty] 22/1/2022 20:11

Has anyone got their hard copy accounts yet ? Despite two calls to PR Tavistock, and one to the Company, I have not yet got a copy.

And, no, I am not going to print it off myself…..

[dandigirl] 22/1/2022 14:50

RNS dated 18 Nov 2021 Informs "The publication of the interim results to 31 March 2021 is expected to be as soon as possible following the filing of the 2020 annual report and accounts".

Accounts were filed on 6 January 2022.

Hope the interims are published early next week to give time to be read before Thursday. It would be a bit naughty to wait until/after Thursday a.m.

[hopespr1ngseternal] 14/1/2022 09:04

Dandi: this was a very well managed small. business until recently. Over recent years it has bitten off more than it can chew operationally and that has exposed its lack of controls etc. In other words growing pains. Personally I am not too focused on remediation costs but on the following.
1.External funding to repair the balance sheet. This must be done via rights or issue or other mechanism which avoids automatic dilution of shareholders. 2.Return to growth. This should be relatively straightforward given our small market share.Previous management were targeting 750m. 3. Securing a clean audit. I do not really understand the impact of the disclaimer or when we can expect to see a clean audit opinion again. This is my major concern and something I hope will be addressed during the q&a.

[geraldus] 14/1/2022 08:54

Pity I didn't look it up then I could have spelled it correctly.The reverend has been battling his demons with a variety of hats,quite worrying to witness for a man of the cloth.

[dandigirl] 13/1/2022 18:15

Yes, indeed. This has gone on far too long and should have been done and dusted months ago. I look forward to learning more as to what has transpired and the costs thereof. For sure, the business has been decimated with costs galore. It remains to be seen what value remains. That said, there appears to be remnants of what was thought to be a good business on which to build a future. I read that used car prices have risen 30%; this should reduce the amount of bad debts.

In fairness to the Reverend, IMV this was not considered as a high risk investment. It was thought to an investment in a well-managed, albeit small company with niche products in a growing market with spread of risk and which latterly had obtained a banking licence and was expected to grow at a reasonable pace. Those of us who had met up with Scott and Robert liked what we saw and heard. Shareholders, including the Reverend and SOMERS - have been let down badly by almost everyone involved to some degree. So, the dear Rev is not alone.

Had to look up trichotilbmania! A new one on me! Surely a bit of hair shirting is more appropriate.

I would pray for him but being infidels we don't do the prayer thing.

[dandigirl] 13/1/2022 08:55

geraldus: please invite him to keep praying. The pain from our losses has yet to come. Miracle needed.

Smart move this IMV.

[seasidehippo] 12/1/2022 21:30

Or whet the appitite for more searching questions?
This 8/9 month saga has certainly been enough to turn anyone to drink.

[hopespr1ngseternal] 12/1/2022 18:06

Designed to take the sting out of the subsequent general meeting?

[geraldus] 12/1/2022 15:46

My good friend the reverend just phoned me.His very words - 'My cup runneth over'.He is indeed a happier man with faith restored. - Hallelujah.

[seasidehippo] 12/1/2022 14:58

How many questions and answers in 1 hour? still IMO this is an excellent major step forward.
For the record my cup is now three quarters full!!

[graham1ty] 12/1/2022 13:42

Blimey, heads above the parapet……;..amazing they doing this prior to the AGM

[cc2014] 12/1/2022 13:33

PCF Group Management Virtual Q&A Event

PCF Group plc is announcing that Interim CEO Garry Stran and Chief Financial Officer Caroline Richardson will be holding a question-and-answer session via the Investor Meet Company platform on 27th Jan 2022 at 10:00am GMT.

The session is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the event.

Investors can sign up to Investor Meet Company and register for the event using the below link:



I suggest things must be moving along positively if they are ready to do this only a few days before the AGM

[dandigirl] 11/1/2022 14:20

hello hopes, yes, my hopes are beginning to spring eternal but I would like to know the extent of the damage before getting too carried away.

The financials will have taken a massive hit both balance sheet and P & L.

The costs will be relatively large both by way of those in connection with this exercise and on-going - all against a diminished business.

On the subject of on-going, hippo, think this new chappie is more mercenary than just a plain old soldier. As such, he will require to be paid accordingly. Big Lots!

Franklin had to go. Who would want to invest with him in the Chair? See that young Morgan kept his position as the SOMERS rep. Not sure what to make of that. Suggests that they are staying in for the long haul but would not be surprised if something else turns up to surprise.

Can't wait to review the prospectus and see how much we have to put-up to avoid dilution.

[cc2014] 11/1/2022 08:53

The appointments look good to me. The Chair in particular looks like he knows his stuff and hopefully will kick things into better shape.

Much better than the cowardly Franklin who is retiring no later than January 31st, a mere 4 days before the AGM and won't have to answer to shareholders for his actions.

[hopespr1ngseternal] 10/1/2022 17:03

Dandi: welcome to glass half-full land!

[seasidehippo] 10/1/2022 11:16

Agreed excellent appointments!! including an ex Army Officer

[georgelees] 10/1/2022 11:08

Agree some good news. They look suitably qualified.

[dandigirl] 10/1/2022 10:13

Today's RNS.
Like it.
These look to me to be good appointments. Word on the street suggests that Moore knows his stuff.
And the RNS is encouraging with the reference to 2022 and beyond.
I see light at the end of the tunnel.

[georgelees] 09/1/2022 22:28

Are we expecting this report on financial controls [and the interim results] before a view on lifting the suspension 'towards the end of Jan.' Or will it be silence...

[hopespr1ngseternal] 06/1/2022 16:42

CC: I doubt the Board are a primary target. I am sure that they will have acted in accordance with advice from their broker and PR adviser in deciding whether and when to issue an RNS and/or suspend trading.

[hopespr1ngseternal] 06/1/2022 16:41

CC: I doubt the Board are a primary target. I am sure that they will have acted in accordance with advice from their broker and PR adviser in deciding whether and when to issue an RNS and/or suspend trading.

[dandigirl] 06/1/2022 14:44

Thanks CC. Appreciated. It wasn't made clear that AIM Rule 26 was the first port of call.

Have read it.

The spotlight continues to shine bright and strongly on the role of GT as the internal auditor.

[cc2014] 06/1/2022 14:31

Perhaps time to consider whether you guys have any right of redress as to whether the Board informed the market appropriately with regard to the auditors fraud concerns?

Given the auditors gave verbal notice to the Board in March but the shares continued to trade until much later, one must assume the information leaked out. Many will have bought between March and the "temporary suspension" on 19th May

[hopespr1ngseternal] 06/1/2022 14:30

Under the heading ‘Notifications made in the last 12 months’