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Angus Energy announces transformational joint venture with Cuadrilla & Lucas Energy
Aim-listed Mongolian explorer Petro Matad to drill four wells in 2018


Petrofac Share Chat (PFC)



Share Price: 416.90Bid: 417.10Ask: 417.90Change: 0.00 (0.00%)No Movement on Petrofac
Spread: 0.80Spread as %: 0.19%Open: 419.00High: 428.40Low: 416.90Yesterday’s Close: 416.90


Share Discussion for Petrofac


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snige
Posts: 1,447
Off Topic
Opinion:No Opinion
Price:416.90
RE: Company
Mon 18:38
Very true.Another bonus for HMG.Prehaps turnover of shares might halve to 1.5 million a day but that still equates to about £300k a day so another say £50m for Gov coffers.Might swing things.
 
ifonly1
Posts: 1,496
Off Topic
Opinion:No Opinion
Price:416.90
RE: Company
Mon 18:29
this is going nowhere fast,no idea what it will do.
Retour_du_Renard
Posts: 2,215
Off Topic
Opinion:No Opinion
Price:416.90
RE: Company
Mon 18:06
Kiss goodbye to the stamp duty free trading that is both a blessing and a curse for this stock, if that happens snige.
snige
Posts: 1,447
Off Topic
Opinion:No Opinion
Price:416.90
RE: Company
Mon 17:13
What i'm suggesting is prehaps they may cut them a deal if the registered offices were moved to the mainland?
snige
Posts: 1,447
Off Topic
Opinion:No Opinion
Price:416.90
RE: Company
Mon 17:12
What i'm suggesting is prehaps they may cut them a deal if the registered offices were moved to the mainland?
snige
Posts: 1,447
Off Topic
Opinion:No Opinion
Price:416.90
RE: Company
Mon 17:12
What i'm suggesting is prehaps they may cut them a deal if the registered offices were moved to the mainland?
snige
Posts: 1,447
Off Topic
Opinion:No Opinion
Price:416.90
RE: Company
Mon 17:05
What makes me curious is its registered offices in Jersey and of course the tax break.PFC has been most generous to the Conservative party and this ties up in around about way with Camerons feelings on tax havens and his £200k gift from mum,all seemed ok then.
Has there been a subtle change on policy.Does seem strange Asfari had 2 kickings last year.
Has the Channel Islands got any legal loopholes?
Retour_du_Renard
Posts: 2,215
Off Topic
Opinion:No Opinion
Price:416.90
Interesting Article
Mon 17:00
Retour_du_Renard
Posts: 2,215
Off Topic
Opinion:No Opinion
Price:417.20
RE: Debt pile $850m
Mon 16:47
SD - This is my only concern about the recent RNS. Before it, I think the bidding teams could have passed off the investigation as a 'regulatory due process' to their previous association with Unaoil, to any prospective client concerned about the issue. Now it appears to have escalated somewhat and could become more of a concern meaning any client who was a little 50/50 say might go on the defensive and exclude them moving forward.

This is why the next substantial contract win is critical to quashing any notion in the market that the continuing case is damaging. I'm a little surprised that they have not issued some form of 'restorative' news to create this impression.
ShrewdDude67
Posts: 825
Off Topic
Opinion:No Opinion
Price:418.00
RE: Debt pile $850m
Mon 16:41
This is why I can't understand why the market has caned PFC so much over the sfo investigation.

Let's assume for a moment that the fine was £500m (very harsh and unlikely, I know), PFC could afford to pay this off with the proceeds of the north sea asset sale. Job done, move along, back to business as usual.

Also, nobody is telling me that a multi-national behemoth like BP wouldn't have carried out due dilligence before awarding PFC an $800M contract a couple on months ago. They would have had their lawyers and compliance dudes all over PFC before awarding.




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