Pcf Share Discussion Threads

[graham1ty] 07/12/2022 12:58

Blimey Tomboy, £50k would be 5m shares if you paid 1p average, which is 2% of the Company !!! If you paid only 0.5p average, that is 10m shares and you will need to make a declaration as you would have 4%

[tomboyb] 07/12/2022 12:24

My post 4346 -

I'd like I have other stocks delisted. I can't remember how many. Only 2 have given returns back inc the one I mentioned -

So overwhelming I've lost -

However PCF does have a higher NAV so I'm afraid its a complete gamble -

Somers does hold a lot of equity -

[cc2014] 07/12/2022 12:18

I've been reluctant to post but here's my view.


Shortly PCF becomes a delisted private company with a principal shareholder with more than 70% of the shares who can do anything they like and cannot be outvoted.

The usual pattern with this is that the major shareholder then starts to extract any remaining value by use of management fees, fees for advice services etc.

Imho, it therefore doesn't matter whether PCF has any value left or not above the 0.5p. It's going to magically disappear into the pockets of Somers, or the Somers/ICM directors/senior staff.


I would not be surprised if the assets do not magically disappear at below commercial value into one of the other Somers/ICM/UTL/UEM businesses. They seem to happily sell investments to each other on a regular basis.

[tomboyb] 07/12/2022 12:06

Well -

The thing is this. If your investment is so small and its not worth selling then you may as well hold if you think there will be a return -

I had stock that delisted, 4k invested returned 8 years later on liquidation £10k return. Started wife ISA now just shy of £50k -

[che7win] 07/12/2022 12:01

I’ll keep what I have, no point in selling at this poin5 when upside could be multiples in a wind down

[tomboyb] 07/12/2022 11:32

The net "tangible" asset value was 6.5p -

Maybe after liquidation there is something for shwreholders? -

Who knows -

[graham1ty] 07/12/2022 11:30

Just appalling. Clear as mud.

How they can even mention the 16.5p NAV with a straight face, I do not know. Of course much lower now, but 0.5p that the market says ? I jolly well hope not.

I hate these meetings where shareholders cannot speak, and therefore cannot confront the Board whether with anger, exasperation or despair

[tomboyb] 07/12/2022 11:30

Looks like the end of that -

The only tiny glimmer is that infrastructure is still in place in case an opportunity arises -

That however looks very slim indeed -

[graham1ty] 07/12/2022 11:26

Quarterly asset matched trading facility. So, zero liquidity. Not even a lesser Exchange like Aquis.

[123davidgwilym] 06/12/2022 20:07

I haven’t submitted any questions because I wouldn’t except to get any meaningful answers. I do plan to turn up for the meeting, though.

[hedgehunter2] 05/12/2022 17:20

It dead accept it. Take tax loss HMRC. Why expend energy. Lost packet but life too short to worry management useless simple.

[maverick39] 05/12/2022 16:27

Like others, I’ve voted against the resolution but fear it will go through anyway

[maverick39] 05/12/2022 16:25

Any idea who is buying all the shares which are being sold, given that
Illiquidity is imminent

[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!