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EXCLUSIVE: Ascent CEO Colin Hutchinson with latest on review and permitting


Petrofac Share Chat (PFC)



Share Price: 616.20Bid: 613.60Ask: 614.40Change: -18.80 (-2.96%)Faller - Petrofac
Spread: 0.80Spread as %: 0.13%Open: 635.80High: 636.40Low: 608.20Yesterday’s Close: 635.00


Share Discussion for Petrofac


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wolfhound
Posts: 627
Opinion:No Opinion
Price:616.20
RE: Aint getting mine
Today 17:20
Ahaa ahaa- so passe , since then the lead legal has been suspended for alleged "gross misconduct" - serious and breakd the relationship of trust i.e. can be sacked on spot with no comp.......
they dont do that lightly.

No doubt same will be seized up by the defense council for Una Oil.

Put simple this guy has shot himself in the left foot and SFO in right foot ........

This has been a significant developmwnt and as tme roles by I suspect SFO will just want this case to wither on the vine and shrivel up and dry up and then blow away

GLA
 
Warthog4
Posts: 856
Opinion:No Opinion
Price:616.20
RE: Aint getting mine
Today 17:00
Aha!!!!! You spotted my deliberate mistake. That was then-I'm talking about more recently when the investigation into Petrofac was escalated only a few months ago resulting in the famous "kick yourself in the b...s" RNS which hammered the SP
wolfhound
Posts: 627
Opinion:No Opinion
Price:609.80
RE: Aint getting mine
Today 16:03
Spot on pokerchips !!

What is also interesting is that the short position in Amec was cut fairly sharpish from 3.83% on 9 march 2017 to sub 1.3 % by the bid date of 17th Mar 2017........how convenient
Pokerchips
Posts: 4,821
Opinion:No Opinion
Price:615.80
RE: Aint getting mine
Today 12:22
"Nobody in their right mind will bid for a company under the shadow of an investigation by the SFO"

Wood Group did ....bought Amec Foster Wheeler ...who are under the same investigation as PFC
Mandrill
Posts: 216
Opinion:No Opinion
Price:619.20
RE: Aint getting mine
Today 11:41
This drop is consistent with the wider market.
PFC doesn't have many competitors. For me, as with Shell and BP etc I'll just keep taking the divvy.
Warthog4
Posts: 856
Opinion:No Opinion
Price:618.40
RE: Aint getting mine
Today 11:38
Agreed. Nobody in their right mind will bid for a company under the shadow of an investigation by the SFO, especially under the imminent regime of the new Chief Exec who looks as hard as nails, having, amongst her previous numerous targets, the Mafia!!
Google Lisa Osofsky to get the full lowdown
silverfern
Posts: 171
Opinion:No Opinion
Price:619.80
Aint getting mine
Today 11:06
I am not selling at this price. Two great RNS's and the price goes down. I know the world is in turmoil at the moment but I think PFC has a long way to go. IMHO.
Bloggers keep going on about takeovers but I personally don't think this is going to happen.
GLA to all that hold, I am waiting to well over 700 before I even think about it.
Bottled
Posts: 668
Opinion:No Opinion
Price:625.20
Sold
Today 10:30
I am out taken good profit, Good luck all invested.
ATB Bottled
Marcus_
Posts: 3
Opinion:Hold
Price:626.00
RE: SP fall
Today 09:23
They do seem to hit it hard at 630+
Pokerchips
Posts: 4,821
Opinion:No Opinion
Price:627.20
RE: Iraq Deal
Today 09:18
The strange thing is..is the more Trump goes on about tariffs the more the dollar strengthens and emerging currencies weaken ....and that in itself then makes Trump add on more tariffs because the currency weakness makes them less effective ...and more appetising and cheaper to import .

He is throwing a boomerang and cant understand why it keeps coming back and hitting him in the face .....jeez
Warthog4
Posts: 856
Opinion:No Opinion
Price:626.80
SP fall
Today 09:13
Shorters sniffing around again??(although down from 9.54% in July to 7.97% today, (leaving aside positions below 0.5%)and noticeable AQR continue to reduce their position
Pokerchips
Posts: 4,821
Opinion:No Opinion
Price:626.80
RE: Iraq Deal
Today 09:12
The thing with the trade wars is that the more daft it becomes the more likely they are to have talks and find some common ground......a lot of male ego at the forefront which history tells us leads to disaster....

It is August and I am sure come the return of serious discussion in Sep/Oct discussion will improve

There is far too much at stake and the ego maniac is getting his fingers in too many pies

I am sure a lot more goes on in the background and not spilt to the media ..just yet
Marcus_
Posts: 3
Opinion:Hold
Price:635.00
RE: Iraq Deal
Tue 20:18
I'm 50/50 on the big sell off.
There have been a few jitters this year and a Billion$ trade war is no laughing matter.

The USA maybe fine, but China have already started to dump their goods elsewhere like India.
If that hits the Indian economy, they will start their own barriers and etc etc etc.

It's far from being a dead certain drop across all markets but I am moving to some more cash and some more defensive stocks.

In the end its all your best guess as no one has a real inside track on where the economy will go next.

Also in the UK we have Brexit so we are likely to be a little more bearish than everyone else
wolfhound
Posts: 627
Opinion:No Opinion
Price:635.00
RE: Iraq Deal
Tue 16:44
4% unemployment in US and corps hitting earnings targets - might need something big to trigger a sell off, equally the US might just inflate its way out of the debt pile - i do wonder if the latter is the US strategy - corps hitting revenue targets and 4% unemploymemt... room for inflation, that is likely to be good for PFC
ShrewdDude67
Posts: 1,004
Opinion:No Opinion
Price:632.60
RE: Iraq Deal
Tue 16:00
I agree totally shadows. I've got a £60k warchest waiting for the big sell-off thats coming soon. There'll be plenty of bargains then. The markets haven't yet woken up to the trade wars and other problems ahead. When they do, there'll be blood on the carpets and I'll be there waiting to snaffle up the bargains.

Pfc, solid and good divi payer but will suffer in the sell-off like everything else will.

Its a time for caution.
bewareshadows
Posts: 813
Opinion:Hold
Price:632.00
RE: Iraq Deal
Tue 13:23
Agreed sold a bit too early on this and GSK. Could have made more money, but have been greedy in the past and not taken available profit.

My major issue at the moment is not the company but the wider market and global trade issues.

The markets seem a little over priced and trump with his trade barriers are unpredictable.

I still like pfc and would be tempted back in, but going to hold off on investing any more money for a while unless the value seems right.
Pokerchips
Posts: 4,821
Opinion:No Opinion
Price:630.80
RE: Iraq Deal
Tue 10:55
I sold a fair few yesterday as it hit above 640p ..not that I really wanted to ...but more because you feel everyone else is going to....it is just repeated pattern

Whilst that part is easy...the harder part is when to jump back in...that is the bit that is difficult to get right
BumblingFool
Posts: 584
Opinion:No Opinion
Price:635.00
RE: Iraq Deal
Tue 09:26
Any profit is good profit. I top sliced again yesterday, tempted to take a bit more off the table at this level, but will wait for now, might be in for another climb from here
bewareshadows
Posts: 813
Opinion:Hold
Price:633.40
RE: Iraq Deal
Tue 00:19
Well done holders. I sold out last week.

Made a profit but could not resist taking it having seen these levels fall away a month or two ago.
Gilljoe
Posts: 22
Opinion:No Opinion
Price:633.40
RE: Iraq Deal
Mon 20:37
Correction - Bu Hasa project of ADNOC, not But Hasa!
BN56
Posts: 245
Opinion:Strong Buy
Price:633.40
RE: Petrofac secures new banking facili
Mon 18:40
Thanks Poker for the correction and best wishes.
Gilljoe
Posts: 22
Opinion:No Opinion
Price:635.40
RE: Iraq Deal
Mon 15:28
This is the Iraq Majnoon contract I was referring to in my post dated 23rd June! It has been publicly announced only today however after the formal signing.
MEED reports that PFC is one of 5 bidders who have just submitted commercial bids for the estimated US$1.5 billion But Hasa project of ADNOC in Abu Dhabi.
Mandrill
Posts: 216
Opinion:No Opinion
Price:634.80
RE: Iraq Deal
Mon 15:26
Let's just hope the re-rating sticks around 640.
Positives are a)PFC is one of the biggest in the industry and should be around for some time b) big dividend yield.
Warthog4
Posts: 856
Opinion:No Opinion
Price:636.80
RE: Iraq Deal
Mon 15:19
Quite!!....and now the usual pathetic SP retreat has started. What does it take to make this company's SP retain its momentum fgs.
Bluelight
Posts: 1,056
Opinion:No Opinion
Price:642.20
RE: Iraq Deal
Mon 14:41
Petrofac always wins a lot of contracts prior to annual and half yearly results. Their team must make a big push on them around these times. I'd expect a few more wins over the next week or so if history is anything to go by.




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