Pcf Share Discussion Threads

[dandigirl] 07/1/2023 11:40

Well, aren't you a clever Boy. :)

[ny boy] 07/1/2023 04:39

As predicted last year, another one bits the dust

[dandigirl] 03/1/2023 15:07

graham: just link on the site and register.

The site appears okay to me. All very clear.

The PCF entry includes the following:

Auction Details

PCF Group plc was admitted to trading on Asset Match on 20 December 2022 at a price of 0.71 pence per share (being the last traded price on AIM).

Auctions are to be held quarterley and close on the last Tuesday of each month (unless stated otherwise).

The tick size for this company is 0.01 pence per share.

Participants can send orders via their existing broker or directly to shareDeal active.

[graham1ty] 03/1/2023 08:27

Two weeks ago I emailed Asset Match for more information about the dealing facility. I have heard nothing.

I had never heard of AssetMatch and was disappointed that PCF were not going to use a service of slightly better reputation. I fear this is just a pretence at a dealing facility and there will be zero liquidity, few participants ( if any) and no meaningful auctions

[catabrit] 21/12/2022 18:04

Hi Dandi. It's online via investor meet. You can also see some of the recordings on youtube.

Graham - well yeah, it's delisted so of course liquidity is going to suck. Doesn't mean you won't be well compensated in the future but does mean you're in it for the long haul now. One to forget about and just hope for the best. Admittedly, that's easy for me to say considering my basis but even older shareholders had the option to massively average down in recent weeks.

[dandigirl] 20/12/2022 21:54

hello graham: did you attend the recent meeting please? how was it? I can't find a recording.

[graham1ty] 20/12/2022 10:57

Good to see an impenetrable trading system, under “its own code of conduct” will periodically ( but not told when) offer algorithm driven (incomprehensible) dealing opportunities.

Oh, but you have to register with them, and presumably agree to endless spam marketing emails.

Zero liquidity. It does beg the question: if PCF has results, or heaven forbid, sells part of its book, or heaven forfend has any news at all, good or bad, presumably there will be no market for weeks or possibly months ?

Well, that is all fine then.

[maverick39] 19/12/2022 15:33

Hope you’ve got some patience, Catabrit. It’s likely to be some time before we can sell out/get our cash back

[catabrit] 19/12/2022 14:59

Super hard to get any of my orders filled on this. Had 1m out earlier and nothing. So been buying in 50-150k chunks. Just wanted to say best of luck to everyone that holds this and that I hope you get some of your money back. Let's keep the thread going for when it delists so that we can share information / updates and hopefully, celebrations!

[zen12] 19/12/2022 14:39

Buy or sell easy so no issues..

[cc2014] 19/12/2022 13:28

Last day of dealing before delisting.

If you are thinking of selling I wouldn't leave it to the last hour as the MM will want a flat book and may not be willing to take your shares.

[dandigirl] 15/12/2022 14:58

See tomboyb above - net tangible asset 6.5p ps.

[masonmaster] 15/12/2022 12:19

This is not finished yet.

[g2theary] 15/12/2022 12:14

Looks like it was a good time to take profit there :) I'll leave you all too it here .. only popping in .D

[g2theary] 15/12/2022 11:23

Yeah all I'm saying is MEAL will have another ramp up like this it's just when to buy :) I know nothing about this company just saw the opportunity to trade it yesterday ;£

[g2theary] 15/12/2022 11:22

Banked two big chunks ... can't say no to 50% especially after WSBN this week :)

[catabrit] 15/12/2022 10:19

Re Castle - they might not have been able to make an attractive enough offer vs liquidation value. Doesn't mean there's anything wrong with the assets per se, more the price at which it makes sense for a buyer to run the biz as a going concern. Hence liquidation. And again, you have to layer every argument - good, bad and neutral - versus the odds implied by the price. At sub 1p, I think most eventualities are well covered.

[catabrit] 15/12/2022 10:14

Let's avoid the ramping, g2theary. This is nothing like Meal - this actually has asset backing multiples in excess of the current market cap. At below net cash, you could make an argument for meal albeit burn rate etc. Above it - good luck.

Dandigirl is right in that it might not be the 15 or 16p currently assumed by the b/s but if its 2,3,4 or 5p, that's a *very* decent return considering the downside protection.

[g2theary] 15/12/2022 09:08

Nice buy here yesterday :) MEAL WILL DO THE SAME SOON ITS JUST WHEN TO START BUYING THERE ;)

[g2theary] 15/12/2022 09:06

Nice but here yesterday :) MEAL WILL DO THE SAME SOON ITS JUST WHEN TO START BUYING THERE ;)

[dandigirl] 15/12/2022 04:19

Catabrit: What will be left depends much upon the speed of wind down. There are lots of costs on an ever diminishing income. Both sides of the balance sheet extend out 3 to 5 years. If a buyer doesn't come forward then what is left has to be dismantled. Given that Castle walked away, just who is coming to the rescue in this quite awful market?

[catabrit] 14/12/2022 14:43

Well, yes a bit crazy to sell this unless you've lined up a really good replacement (i.e. you have strong opportunity cost). The spread was just insane. Silly really, as it encourages zero trading. Hopefully more trading will resume and those that want to sell out can, and those that want to buy can get hold of more shares. I have had offers out for 1m + shares yesterday and today and had very very few bites.

[tomboyb] 14/12/2022 14:25

Looks like I sold too early then -