On 3rd July PFC announced that it was trading well ahead of expectations. Not surprisingly, sp jumped but has now fallen back pretty much to the same level as before the announcement.

While perhaps not as exciting as finding the next Cairn, remember that in the goldrush days, it was rarely the prospectors who made the money, but rather the suppliers of the spades and tents and stuff - e.g. Levis if memory serves me aright.

rad the figures and trading statement and press reports and then tell me again sp is too high.

if i throw cold water on your choices, that's because it's the way i genuinely see it.

if i am the only one who rates wheat over chaff, then keep eating straw; i'll stick to fine white bread (+ colon cancer!)

Another long term holder here. Sticking to quality (mainly medium sized businesses) has paid handsomely for me over more than 30 years. OK might miss the odd rapid ten bagger, but also miss the much more prevalent dross. Scotinvestor - what do you hold? If they do not make profits, generate cash and pay dividends, then IMO chances are you will lose money over time. Last three years have been very benign, so dross done better than might be expected longer term. Only difficulty I can see at present to hinder growth for PFC is that they cannot keep order book down to an acceptable level for their customers i.e getting the job done within an acceptable time. Sector dictates that price likely to be volatile from time to time, but IMO long term trend likely to be upwards.Always DYOR.

Difficult to play the Devils advocate on PFC..One can but reiterate its a Quality stock. Perhaps on face value it may appear a little expensive - but considering its recent results,profits and cashflow with div covered 4 times; and with the provisio of a full order book for 2007, this price is quite justified . What do you want ?? The moon on a stick ? !! Bought a few, a year or so back, on the back of the tight rotary count,{ 95.7% inc. workovers } with a few other oil / gas sector plays on manufacters of infrastructure in the industry .SDX springs to mind ....Usually as many of you know i only invest in this sector coupled with a number of mining concerns and a 10% AND GROWING PERCENTILE in utlities -- WATER !!! } ......Lets face facts . Oil Expos alone without ANY BANKED RESERVES or endless pockets,or j/v partners of the BEST kind ( sic) are PURE specuculation - No REAL money there this past year without unparralled risk - .Even Expo/PRODUCERS -even BIG OIL { B.P. down 200 pts in a matter of months .} have taken a larruping lately !!! ...............Yet Messrs Levi andco denim manufacturers still ply there trade to this day ......theres a simle moral there somewhere ...lncidentally i would have posted on this thread earliar ; but has no idea it even existed. .......Bonne chance et al .......a'bientot ...@+ J. Hi hlyeo - You like your charts . Scrutinize this one . Chases upper bolly ..support levels fom a few ema ...................but at the end of the day you cannot ignore the results !..........

Cynic, Without wishing to sound like a psycophant, thanks for getting me onto this and RTN. I'm new to this and spread betting only, but you've done me proud. PFC does look a little overbought at the moment, any idea why it appears to be rocketing?

it's just a damn good company with the right product in the right sector ..... btw, do mean you are a psychopath or a sycophant?

Hopefully neither! I will own that the more usual spelling is without the "p" although both are acceptable.......I was about to credit The Grauniad then and thought better of it.

Amities Cynic / Penny for your thoughts ,,,,,,,Do you have a target s/p at which you will make a grand exit ? l bought last year and sold at 437 thinking it was overbought yet it powers on relentlesly .......What with it going xd on the 6th are you of opinion we shall see a lull beyond the div offering ? or juste more steam as this thing appears effing rocket fuelled .. ..m/b @+ J ...

no specific target but shall run a tight stoploss ..... but don't forget i am a trader at heart

nice play mon ami , A very nice play & credit where it is due .Felicitations ! .i am a percentages player myself C , and not untirely like yourself l trade as opposed to invest. As for PFC; l bought initially early last year; but recently its 10 and 50 ema screamed "BUY me" @ 385 at which time i added my last tranche ...............but as l approach the latter half of my 3o's i feel like sticking everything into a currently much undervalued BP with its huge yield ..We all know oil is not going anywhere but up ,,,,and in doing so save myself the never ending call on CFD s and settlement dates of which i have a stack .........BUT if it wasnt the Financial exchanges it would be Newmarket or Ascot; or morelikely Chantilly or Fontainebleu back home lol Faires attention et bonne chance ,,,@+ J ............

still love this company but have just banked my profits (again!) as some consolidation of sp looks likely (can't go up in a straight line for ever) ... shall assuredly buy back again in due course

just for those who reckon spivvy penny stocks outperform quality, i see that when i first brought up this stock in early november, it was about 340 and is now 460 .... only +35% gain in 5 months, but what have GOO, PCI, CHP, SEY, BFC(!!!), (SEO!!!) and a swathe of similar "fave stocks" got to show

Agree with you Mr C but not everyone has the same trading/investing style as you. Personally I have a balance of both 'lower risk quality' and 'high risk speculative' with sometimes a fun punt for good measure.

Each to his/her own I suppose.

Anyway, been checking out the PFC investment in the Middle East area and they seem to be 'on a roll'. Long term contracts and building on existing projects.

All good stuff.

you're right ..... this is a really first class company in the right sector, as i keep telling everyone ...... i happen to trade but it is also a very good long term portfolio stock

sp faling (consolidating) from quite an overbought rsi ...... watch for buying opportunity especially if fall takes us back to 25 dma - currently about 425 and rising quite sharply




red= 25 dma
green = 50 dma

i repeat my advice from a couple of days back, especially now rsi is almost neutral

sorry chaps .... seem to have got my (own) buy-timing wrong here ...... certainly no untoward news, so if sp hits rising 25 dma (about 438 today), then i shall probably top up as overall i am still very bullish about this company and see no reson to change that view.

Personally Cynic, I think you put far too much reliance on MAs, especially the shorter terms ones. Much better to use trendlines, support & resistance with the appropriate indicators. This particular chart has a nice bullish trend and I for one would much rather rely on that. IMHO of course!

pth

i fully concur, but i do not have the necessary software ..... what do you recommend, and would it be user-friendly to an aged numbskull like me?

Cynic, I now use Sharescope, but it aint free! For the last few years I have used the old fashioned method of printing a chart and scribbling on that. There are some free packages out there. You could try:

http://www.prorealtime.com

pth

didn't ask for it to be free, though us yids have been keen on freebies ever since The 10 Commandments were on special offer! ..... my only demand is that an idiot like me will be able to use with ease and interpret what is shown

it seems IG offer a pretty good (and free!!) chart option on their site so will take my m8 out to lunch and get him to give me a tutorial onit