Pcf Share Discussion Threads

[dandigirl] 05/12/2022 11:56

Graham: My anger subsided many months ago.
What is the point when it is SOMERS/Morgan who control matters?
Besides, Stran never answers anything meaningful preferring to hide whatever excuse comes to mind.

[graham1ty] 05/12/2022 11:33

I hope everyone will attend the event on 7th. This whole fiasco has been marked by massive shareholder indifference. I was told by Garry recently that have heard from almost no shareholders over the last 18 months. At a couple of the online meetings, I have been the only shareholder to ask questions.

If you do not have your say ( er, you cannot have your say, as it is posted/typed questions only) then this will just happen. Attend, whether angry, livid or incandescent.

[dandigirl] 04/12/2022 12:11

We have but as we all know it is only a gesture given the SOMERS shareholding.

[123davidgwilym] 03/12/2022 22:31

Hopefully everyone will vote against the delisting.

[dandigirl] 02/12/2022 15:27

Ask, if only to see if there is a straight answer or more prevarication.

[graham1ty] 30/11/2022 09:16

So, Garry and Caroline will answer questions on 7 December. Will anyone turn up ? Can they say anything that has not been announced ?

Mr Market has no clue what has gone on, what caused Castle to turn away, and I am sure this meeting will not answer any of those questions.

Fact: shareholders have lost almost all their money.

A chance to ask the Executives why

[mick1909] 17/11/2022 11:40

Does anyone know when this share is de listing from aim?

[grannyboy] 14/11/2022 15:27

Yes of course they are.

[mirmqjuxwf] 14/11/2022 15:23

bounce? are you joking? MM sitting on stock from 2-3p, still plenty to go upwards

[grannyboy] 14/11/2022 12:29

For a change the MM's are doing the existing shareholders a favour by doing a dead cat bounce, are you going to take it... Do you feel lucky.. Punk?!!!

[mirmqjuxwf] 14/11/2022 12:24

Don't rule out any surprises here, it is not over with neither Castle nor Somers!

[jackthecat1] 14/11/2022 10:24

Like the Pink sheet stock in Wolf of Wall street.Dreadful

[mick1909] 14/11/2022 09:22

The spread on this share is horrendous though nearly 50% you cant trade this its a gamble sit in the bottom draw for a few months see where it ends up but looking at the 3 year chart it looks doomed but last 2 trading days could be the reversal

[mick1909] 14/11/2022 08:30

No free float in this stock if the aim herd arrive it could do some high percentage gains

[zxie] 11/11/2022 14:17

Hey happy day

[tomboyb] 11/11/2022 13:49

what is the banking licence worth? -

Any realistic of a T/O? -

[cc2014] 11/11/2022 13:31

If you're going to ramp this stock could you at least be a bit more subtle and better informed about it.

[mirmqjuxwf] 11/11/2022 13:10

the lawyers and regulatory costs for obtaining a banking license in the UK is more than 10 times the £1m market cap of PCF! The like of Revolut couldn't even to obtain that yet!the fact that the last rns from directors re Castle takeover was all agreed on in terms, yet Castle played a last minute blinder is baffling.As pointed before, the conditions of takeover panel still allows Castle to put an offer for a period of 6 month since last rns!!!

[mirmqjuxwf] 11/11/2022 13:03

Somers got a plan, you don't cough up £1.5m at 5p for 3% to write it off in few month!Somers Bank!

[graham1ty] 11/11/2022 11:42

Under Panel Rules, Somers have to pay at least the price that they last paid. So, any bid would have to be at 5p. They cannot bid at a penny or two.

Lots of upside of you believe they might take it private. However, they have shown no inclination to do so. I suspect they have long since written off their investment and are just trying to exit with no further cost….

[mirmqjuxwf] 11/11/2022 10:32

Castle can still put an offer any day now given the conditions below now:As is customary under Rule 2.8 of the Code, Castle, and any person(s) acting in concert with it, reserve the right to make or participate in an offer or possible offer for PCF (and/or take any other action which would otherwise be restricted under Rule 2.8 of the Code) within the next six months of the date of this announcement:a) with the agreement of the board of PCF; b) following the announcement of a firm intention to make an offer for PCF by a third party; c) following the announcement by PCF of a Rule 9 waiver proposal (as referred to in Note 1 of the Notes on Dispensations from Rule 9 of the Code) or for a reverse takeover (as defined in the Code); ord) where the Panel on Takeovers and Mergers has determined that there has been a material change of circumstances.

[mirmqjuxwf] 11/11/2022 10:29

Somers paid 5p few month ago, now they hold 73% so might be easier for them to offer 2-3p for minority shareholders and take it private then sack the board and sell the loans or keep few staff to look after collection.They got about £39m equity in those loans!!

[mirmqjuxwf] 11/11/2022 10:25

01 July 20221 July 2022PCF Group plc("PCF", the "Company" or the "Group")Equity SubscriptionThe Company announced a proposed capital subscription on 31 May 2022, the completion of which was announced by the Company on 7 June 2022. The announcement on 31 May 2022 also confirmed that the Company's majority shareholder, Somers Ltd ("Somers") indicated its willingness to support a further equity subscription of circa GBP1.5 million.The directors of PCF are pleased to confirm that an agreement has been signed by the Company and Somers whereby Somers will subscribe for 27,940,000 new ordinary shares at a subscription price of 5 pence per share (the "Subscription Shares"), being the maximum number of ordinary shares able to be issued by the Company under the Company's current share issue authorities), which will raise gross proceeds of GBP1,397,000. Application has been made to the London Stock Exchange for admission of the Subscription Shares to trading on AIM. It is expected that admission will occur at 8am on Monday 4 July 2022. The Subscription Shares would represent approximately 9.1 % of the Company's existing issued share capital, with Somers' ownership increasing from 70.8% to 73.2% as a consequence.

[dandigirl] 10/11/2022 05:55

cjd: happy to report that we sold our entire holdings of Harbour at the time of the results. Around 470p, I think. Looking to reinvest when price drops a bit more though.

[cjd190573] 09/11/2022 21:19

Hi David, the involvement of administrators might just tie Laurel and Hardie’s hands behind their back but are paid by the hour and equally, might string it out and will not come cheap.