Advanced Fluid Connections PLC

Lol Richard. That reminds me of a schoolboy in the 1987 market crash who lost about a million pounds having bought shares on margin. His stockbroker had apparently made no checks as to whether or not he was over 18 (which he wasn't), yet still held his parents responsible for the losses which they couldn't pay. When the stockbroking firm was asked to comment on their actions one partner made the wonderful statement "Well, he's been a naughty boy, hasn't he?"

Thinking more about the pensions deficit, 7% seems a conservative figure for return on equities. If a rate of 9% was assumed then perhaps the scheme would not be in deficit at all. These things are certainly of interest to any potential corporate predator. AFC may actually be in much better financial shape than the market realises.

There seems to be a difference of perspective between the longer term shareholders who view AFC in terms of the IP potential, and the recent shareholders like me who see it as a manufacturing company, and regard the IP side as fairly irrelevant at the moment. Hopefully all we are seeing with the share price now is the IP based shareholders selling and being replaced by value/recovery players.

Today is the big day in copper for the alleged Chinese short positions. Lets hope it marks a turning point.