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y11-shx
PROJECT FEAR
New shares at 1.20 and you think it's then going to drop to .75 .......ok mate.....think I'll skim over your posts going forward.....
Ok so let’s look at it this way. Market cap is 550 the money that Petrofac gets off there shareholder covers everything. Great! But now there is double amount of shares so could be 75p but it could already be priced in sound like a 50/50 gamble who knows?
Y11-shx oh dear oh dear, nice try.
The shareholders get diluted, so the sp may drop to take that into consideration but the mcap of the company will still be the same as they’ve suddenly got an additional £180mil cash that they didn’t have prior to the shareholder dilution.
The current mcap of the company around £550mil, this was as yesterday when the market knows full well that the sfo fine is owed so that’s all been accounted for.
It’s almost like you’re worried about the outcome of your short after this news, the fact you’re acting so desperate by twisting truths to try manipulate weak pi’s. After all I can’t blame you as in some cases news like this can actually make the sp rise if it’s seen to be what will get the company back on track much quicker than initially expected
I don’t know what will happen to the share price you can make your own mind up but I will make it really easy because paddy can’t understand numbers. A company is worth £500 million and borrows Half of its shareholders to pay its bills. What is the company now worth? Answer below £250 million, divide that but the number of shares and there will be more now then before. This could potentially not fact that Petrofac shares could be below 90p this is why I sold because the risk is there. Obviously nobody knows for sure but obvious predictions can be assumed. And that is why paddyboy is dangerous because he doesn’t understand basic finance. Gla long term holder. Paddy have a nice day.
I can’t believe after Sunday’s argument you guys are so surprised. Its actually the blind leading the blind on these chats and anybody says anything that’s not 220 tomorrow gets shut down by people that don’t understand the basics of trading/investing or finance.
Just best to ignore the short term noise here. Will be way over £2 in couple months for sure if not sooner!
John = JG. One beer too many. Think I attribute JG to a friend of mine with same initials there!
Indeed. Wondering now if I can buy more shares than I own? Anyone know that?
If you assume people can only buy 1 share for each 1 they own, it means IIs are happy with the midpoint price as that's what their average would now be. 139 basically.
Like John, I went to my broker and the app is giving me a quote for £1 to sell! Ha! At that, I'd buy for sure but certainly wouldn't sell!
We need to see the details of the full release.
I am encouraged by the rise into the close.
As i see it. Get this nonsense done with & i see very little negative in terms of future outlook then!
Bad news is that I went to cancel the trade plan and it says current sp 130
So faur to say that lloyds system is confused.
Remember news had leaked early (institutions to Sky) and the price increased later in the day.
Rock8 SO the retail will be able to buy as well ?
Would be nice but that’s too good to be true.
But not expecting a large fall - 5-10% but could be better if wrapped if wrapped up with better news.
My lloyds share dealing account has an indicative sp of 184 for tomorrow.
It will be fine as long as the market expect the company to thrive.
I actually would not be surprised to see the share price rise tomorrow once the news sinks in.
It is just a description of a company rights issue.
It will be offered to all but the institutions have already said they will support it - ie take up their options.
'cap in hand to shareholders' yep the institutional ones who'll bite the hand off. Nothing for the small guy!
Correct
& theoretically shouldn't really hit the price too hard given that it would clear up all the uncertainty. The shorters will of course use it to try to tank the SP. Anyone holding long term this is of very little concern at all!
It’s clear its a rights issue.
(Alliance News) - Petrofac Ltd will go cap in hands to shareholders, as the provider of services to the oil and gas industry eyes raising funds to go towards a paying a UK Serious Fraud Office fine for bribery offences, Sky News reported on Monday.
i agree Rackson. I've seen no mention of RI in any of the articles. Placing done tomorrow i would believe it to be
This is a placing and is almost certainly done and dusted already. Expect a small drop tomorrow.
Paddyboy
I just went on to my lloyds share dealing account to set a trade plan just to see what the indicative sp would be for tomorrow and they're indicative sp is 184 ???
Seems odd doesn't it.
Usually with this account it is around the closing sp of the previous session.