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Worthless....
If they get the asset sale and just have to raise small capital I reckon it will go back to its value
Fingers crossed
might get out with something
I'd just like to say THANK YOU EVERYBODY for taking your losses with you. You have helped the SP to an all time low and will now find out how money is made on AIM.
Funny if this did get to 15p today. after getting shot down in flames earlier..
Well Ive got a fairly low average at 17p but is it time to get out and accept the losses or hold and in the hope it rebounds.........
Dry powder on standby.
Piggy bank raided. waiting for 9p ish. not sure i'll get it. buys coming in now at 10.3p
Sorry... 2.17 euro today
Last orders at the bar on time today. Don’t expect the usual lock-in with stupid comments into the early hours. Time to apologise to all those concerned. They were suspicious actually. For those that followed our advice for bugge r all thanks then well done. For those that wish to remain anonymous, well done. For those that continually sneered and pretended to block do better next time.
We tried our best. Goodbye xxxx
"OMG 1706p per share back in 2012 WTF! How the mighty fall! "
Saipem is much the same though
119 euro in 2012, to 2.17c today ...98% drop
Yes, but to be fair you can’t assume much here. You can always tell a City Wathcher. BUT NOT MUCH! Bazinga!
OMG 1706p per share back in 2012 WTF! How the mighty fall!
Good luck to those who are still placing punts on PFC.
Thanks for making us aware of something we didn't know.
Just had a review thought and its just my thought.
PFC has delayed results by plan. Kept people thinking that results are due at end april. Did they not know a week or 2 before 29th that there is a delay. Ofcourse it was known to them.
If the results are out it makes a potential buyer to think if this can be bought. But by delaying results they have made it impossible for someone to look into this company.
Plot is clear .. This whole game is on to shift ownership.
Also when company is trading there is a chance of shares going up and down. They have made sure all options are blank and now if they only want profitable portions then administration is way forward(this is what i think).
Other options is to hand the whole bit to bond/equity holders. In this case they will have to give little bits to existing holders and take legacy with them.
As already mentioned while all this mess, no one will even think of buying this.
Wonder how long the suspension will last whilst they sort their accounts and try to post results in the near-ish future !
They have given shareholders a chance to retrieve funds, as they now mention existing shareholders could be wiped out.
They have some lucrative contracts, but also a lot of debt & I mean A LOT !
So larger shareholders are likely to sell up quite a few near close today.
Could always short the FTSE100 and leave the cash on deposit here.
For the really stupid...
£8.6billion or £25 a share. Dec 2012
Today £40million at 0.9p a share......
Now thats some sort of Record to be proud of.....Petrofac’s publicity-shy multi-millionaire chief executive Ayman Asfari... A financial Colossus......NOT.....
Cost LTH there savings......Thats the Sad bit.....
The risk here is what the closing price is, what happens between now and accounts published, and how favourable the solution is to save the company. At £50mln MCAP and £8bln on an order book, surely there is something to entice a recovery later this year. Just depends if you want to lock the cash away with the uncertainty or not.
Https://www.thisismoney.co.uk/money/markets/article-2246062/MARKET-REPORT-Petrofac-gushes-talk-bid.html
ITS SO FUNNY THAT I HAVE HAD TO PUT ON FRESH PANTS.......
If you believe in these conspiracies maybe Apoth and Mary are the same person. Odd that they share the same last three letters?
Snapped,
What was it you said about Queen's English?
Snap10 It’s ’You’re’ not ‘your’. As in ‘You’re broke due to bad investments rather than ‘Your investments have lost you lots of money.’
Retirement_Plan - because everyone is ignoring him so he's just shouting louder into the empty ether (for me anyway)
THIS IS THE BEST THAT WAS POSTED YESTERDAY
By GEOFF FOSTER FOR MAILONLINE
UPDATED: 22:25, 10 December 2012
1
View comments
Jersey-based oil services group Petrofac jumped 20p to 1706p on hopes that its days of independence are numbered.
Punters piled in amid talk that Halliburton, one of the world’s largest oilfield services companies with operations in more than 70 countries, is lining up a cash bid in the region of £8.6billion or £25 a share.
To succeed, any interested bidder would have to get the agreement of Petrofac’s publicity-shy multi-millionaire chief executive Ayman Asfari to stand any chance of success.
Cash bid: Halliburton is thought to have made an offer to buy Petrofac
Along with family interests, he owns more than 27 per cent of Petrofac and has been the driving force behind the group since flotation at 215p in 2005.
Petrofac was once an US firm but was bought out by Asfari in 2001 and listed four years later. He has turned it into one of the leading companies in its field with major construction projects in the North Sea, Oman and Saudi Arabia.
THERES STUPID........