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Resources analyst Charlie Long sees good times ahead for uranium Watch here

Resources analyst Charlie Long sees good times ahead for uranium

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Member Since: Mon, 11th Oct 2010

Number of Share Chat Posts (all time): 11,685
Number of Share Chat Posts (last 30 days): 4

Last Posted: Fri 21:42

Post Distribution over the last 30 days

Fri 21:42

Missing a 2nd deadline! Stressing the reasons were purely operational! Yes we believe you...Perhaps they should get their own house in order. If you do some research on them, seems they can be a bit hit & miss at times with their investigations!

The Serious Fraud Office will miss another deadline in its investigation into Barclays’ arrangements with Qatar at the height of the financial crisis, putting off a decision on whether to file any charges until mid-June.

The SFO confirmed on Friday that it will not meet a deadline previously set for the end of May. That in turn was put in place after a March deadline came and went.

The new mid-June deadline means that any charging decision in the long-running probe will now not be made until after the UK’s general election. While the SFO stressed that the reasons for the decision were purely operational, the Conservative party pledged in a manifesto published last week that it would abolish the SFO if it wins the election on June 8, rolling the SFO instead into a wider crime-fighting agency.
Mon 16:24

Anyone who takes an interest & likes to follow these things.
You can view the full complaint, 13 pages altogether

Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Petrofac Limited (“Petrofac” or the “Company”) (OTCMKT: POFCF). The investigation concerns whether Petrofac and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

On May 12, 2017, the U.K.’s Serious Fraud Office revealed that it has launched an investigation into Petrofac’s activities for alleged of “bribery, corruption and money laundering.” The investigation is connected to an ongoing probe of the activities of the Monaco oil contractor Unaoil SAM. Following this news, Petrofac’s stock dropped $1.99 per share, or 18.34%, to close at $8.86 on May 12, 2017.

If you are aware of any facts relating to this investigation, or purchased shares of Petrofac, you can assist this investigation by completing the form below. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
18 May '17

I too have seen this as a buying opportunity...RR share price recovered from a fraud investigation

I’ve been bullish on oil for years. BP plc (LON:BP) (BP.L) and Royal Dutch Shell Plc (LON:RDSB) (RDSB.L) have been stalwarts of my portfolio for a long time, and at least with my relatively recent purchases of BP and Shell I am in profit.

However, there may be another way to benefit from the long term rise in oil. Petrofac Limited (LON:PFC) (PFC.L) is essentially an oil services company which provides a range of services to oil & gas producers across the globe.

I’ve analysed Petrofac and think it may present a buying opportunity at the moment. On two key metrics, it scores very well in both areas in my opinion. The Petrofac PE is 9.67 and the dividend yield for this company is 7.46%

Why does it have a relatively low valuation and relatively high dividend yield? Fairly recently, Petrofac announced that it was under investigation by the Serious Fraud Office. On Friday 12 May, the Petrofac share price dropped from around 830p to around 700p as a result. At the time of writing it is trading at just 684.5p.

Being investigated by the Serious Fraud Office may present a risk to Petrofac’s investors. However, I believe that the risks facing the company from both the Serious Fraud Office investigation and from the potential for a lower oil price may already be factored in to the Petrofac share price.

Therefore, while I feel it is a relatively risky share to own, I believe the potential rewards on offer could also be relatively high. The Petrofac share price was trading at around 1750p five years ago, now it is valued at almost a third of that. I believe that oil prices could rise over time, with demand from emerging economies such as China and India potentially helping to reduce the supply surplus which has been a feature of the oil market in recent years.
17 May '17

NKOTB The Voice of reason as always! :o)....long time no see....nothing in your sights atm then?
5 Apr '17

at these analysts....all part of the games they play

The Times

A clean break with past ratings helps Berendsen

Berendsen clambered back from its lowest point in almost four years as analysts questioned whether the City had been too hard on the mid-cap laundry business.

A profit warning last autumn sent shares in the company spinning from £12.31 to a low of 774½p in December. They have fallen still further since then, stumbling to 733p last week.

Kicking off its coverage with an “outperform” rating, Exane BNP Paribas suggested that the company could be a strong investment opportunity for those patient enough to wait for executives to turn it around. Berendsen is trading with a 30 per cent discount to its peers in the support services sector, analysts noted. Its shares promptly climbed 28½p to 769½p last night.
30 Mar '17

had this in the past also....always liked the company. If I'd caught the drop at 106ish today, I would have bought a few.
Definitely back on the buy radar for me but only watching for now.
22 Mar '17

Another broker downgrade!

Credit Suisse has joined the list of City firms that has fallen out of love with Berendsen PLC (LON:BRSN), the laundry and workwear outfit.

The Swiss bank has downgraded the stock to ‘underperform’ from ‘outperform’ and has slashed the target price to 700p from 1,200p, finally catching up with the battering the stock has taken since the profit warning of late October.A lack of investment into the business over a number of years means that the business now requires a meaningful injection of capital over the next few years alongside a re-vamping of operational and information technology processes, Credit Suisse reckons.

The management team is on the case, but the Swiss finance house calculates that the cost of the investment needed to right the ship will lead to negative free cash flow for the next three years.

“Higher depreciation and interest charges, resulting from the additional investment, combined with on-going wage inflation will, we think, more than offset the benefits from the productivity benefits of additional investment,” Credit Suisse said.

In short, Credit Suisse thinks the textile services group faces a period of rising leverage, lack of cash generation and sluggish operational performance.

The shares do offer a 3.8% dividend yield, which Credit Suisse expects the company to fund from its balance sheet until 2021, when the company should start generating positive cash flow again.

Shares in Berendsen fell 3.6% this morning to 783.5p
22 Mar '17

You still got the Janitor's job here....thought you'd be retired by now! :O))) are you?,,,,still happy living down South.....Snow up north yesterday...ATVB x
17 Mar '17

I'm good thanks Hicks and I did buy back in this morning....only a few though

not that I follow or take any notice but some folks do..........

Scotgold Resources Limited (LON:SGZ)‘s stock had its “buy” rating reissued by equities research analysts at Stockdale Securities in a report issued on Friday. They presently have a GBX 1.80 ($0.02) price objective on the stock. Stockdale Securities’ target price would suggest a potential upside of 242.86% from the company’s previous close.
17 Mar '17

make mine a latte, please! :O))))

you still in here? thinking of getting back in...just a few...purely for senti(mental) reasons! :O)

hope you are well att the best

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