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President Energy: money in place, now needs to deliver

By Ben Turney | Thursday 6 February 2014


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


No sooner had I submitted my last piece to Share Prophets, which looked at the state of President Energy (PPC) after its awful fall, the company announced the price of its placement. Surprise, surprise it was at a deeper discount to the day’s already calamitous trade; 35p, 24% lower than yesterday’s close.



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