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@ Paddy - thanks for your post at 12.31.
Didn't even think about that. I have 35k shares in my SIPP and 18k shares in my ISA all at an average circa 1.11. Unfortunately I don't currently have the spare funds to take up all the RI without selling other core holdings so selling some PFC to fund the RI is a great idea. (Assuming share price works in our favour.)
Personally very relaxed with todays RNS, I am looking forward to this doing well over the next 1-2yrs in my ISA and the SIPP won't get touched for another 12yrs !
"A bit of a liberty passing the fine onto the shareholders by the open offer financing"
Mary
In all honesty ..they currently have plenty of cash on the books to pay that
.... the whole fund raise is really the complete re-financing jig
....paying off $1200m and setting themselves up with (less) new finance debt and a post raise net debt of around $230m
the sting is the $38m refinancing costs and the $16m fund raise cost ...ouch! all good work if you can get it !!!
Paddy, should come good for you in time again.
A bit of a liberty passing the fine onto the shareholders by the open offer financing, but should be on a sounder footing now and back to business of securing comtracts and paying out a dividend in 2023. By then we will know whose bets were the right ones.
GLA
Bleeding oil upwards and onwards!
So paddy when you stared a post saying 220 next week you sold now who has no credibility!
I bet it will slowly start bleeding now... Downwards
Mary i sold a few of the 170 ones on the squeeze & bought back on the dip last week. Average of 160 now so a bit underwater but not over concerned about this short term.
I can’t see that. You guys could have pulled together and stoped the ri or whatever you want to call it and made Petrofac use there own money but no buy high sell low. I’m in now and long.
Evan
You missed my subtle sarcasm :)
Mary
I dont see any 'bromance' going on
I have no time for anyone that expresses "r a c i s m" and will call it out every time.
Y11-shx deserves all that comes his way for making remarks like that.
Good natured banter on the other hand is always welcome.....
Thanks br190! Yes exactly we’re all supposed to be helping everyone. Not calling each other name for having different options. Even if in hindsight they are correct.
Paddy - where are you at now, I remember you bought heavily in around 175p when the price fell back from the 203p spike. Did you get out of that or HODL. I cannot be bothered looking back at the posts.
You and Y11 seem to have a bromance going, calling police, calling for bans, hate crime etc, let's stick to the PFC news and leave the personal stuff of the forum.
This gets quite interesting. so if we have a while to decide whether to take the offer up. If the ticker price keeps rising it becomes a bit of a no brainer even to just sell some existing shares to fund the placing ones.
Cheers was thinking the same
Overandout121
I have a similar dilemma, my average is £1.01.....will probably buy on the basis that the cost will be less than price at the time I exercise the option to buy (assuming it is of course)
So I have 4000 shares at 97 average,do I take up the option this will, push my average up ,but I have more shares or just stick where I am