The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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ADNOC ban to ens in due course. Shorts to close. The fine amount will be pivotal for the SP. If fair, then expect this to really fly! Clients have delayed projects because of covid so nature of the business is for growth as we come out of lockdown anyway
Largest fine ever imposed by the SFO since 2011 (new rules) was around £900 million on airbus. Petrofac, a company that is currently .5% of the size of airbus, imo the likely fine, worst case maybes £50- £100 million, makes this company significantly undervalued. Even if SFO throws the book at Petrofac with a higher fine, the potential for growth with this company is very strong. I see another massive spike on monday, which will almost certainly be good news for PTC.
was 134p on the day that ban notified by ADNOC Group came out...so back to that share price
Excellent news , onwards and upwards whatever the fine, Time to buy in again not sell . Expect greater things next week and beyond now with current sanctions lifted. Just have faith. As said in previous post Sp over £17 in 2011. From my previous post 'Don't kick a sleeping dog' Update to every dog has its day. Look forward not backward.
What were you doing there? Most people have nerver heard of it? Lol
Quetta86.
How did you decide upon your posting name??
Only reason I ask is 'cos Quetta is on the plain of Baluchistan in ****stan where I spent a short time many years ago
culminating in a seemingly never ending train journey back to Karachi.
As per usual, the retrace!
All this news has been coming in over the last 3 weeks and the share price still goes down.....
Never kick a sleeping dog. Lets get into clean energy contracts, clear the SFO investigation and get back on our feet which is not impossible. To new investors do you own research and good luck. Sp price now £1.05p....... Will we ever get to £1.70 and beyond????? Just a thought for you in 2011 PFC Sp over £17 !!!!
Got up to about 108 quite recently but then retraced as quickly, not holding my breath!!
If we see another 3-4% rise in Sp tomorrow, something a Foot. £1.40 could be the lower range for the SP. With any substantial news combined with results could hit £1.70 very quickly .
"In the rose coloured world of Pokerships and worcraps PFC are not under investigation does this not contradict that view? "
Snapper10
You don't half write some b*ollocks
It just means that their lawyers have told them to make no statements and just send out a standard reply ,...which you knew , of course
Guess it doesn't fill me with confidence considering they reported in August last year, unless they are waiting confirmation of possible good news re the sfo.
Can't imagine the delay is trading related as expectations in this covid era and the bidding suspension are already known.
Good post JG68
Can I politely respond please......
In my view to appease shareholders I would not be holding out till the last date of Filling for obvious reasons.I would be trying to get a positive message out if I had one?
Part2
"the Board is not able to comment on the status as the could prejudice the ongoing investigation."
In the rose coloured world of Pokerships and worcraps PFC are not under investigation does this not contradict that view?
By saying nothing it does not ease the situation on winning new business does it.?
We will wait till end of October for a official announcement but at least its something........
Response from IR
Rest assured that our accounts are not overdue (the deadline is the end of October). Regarding the SFO, the Board is not able to comment on the status as the could prejudice the ongoing investigation. I appreciate that this must be frustrating, but please understand that our ability to communicate about this is highly restricted.
We value all of our shareholders and appreciate your support. We look forward to communicating with you all at our interim results presentation.
" PFC have had 3 months to pull the numbers or is it because its not looking good"
Snapper10
A lot of "the numbers" that you require are in the trading update RNS released at the end of the H1 ..on Mon, 28th June 2021
Or ..maybe YOU were blind and couldn't see them ???
lerkule, yes I agree the filter is the most apt and fitting place for Snapper10. It's just that I don't like his blatant lies and misinformation that are now becoming quite desperate and quite stupid. The fact that he resorts to changing poster's user names to something rude when he replies to a post says it all.
Either Snapper10 being very naive, or just making stuff up to fit their twisted narcissistic agenda again. Time to filter..
Petrofac Limited
RESULTS FOR THE YEAR ENDED 31 DECEMBER 2020
Petrofac Limited ( PFC)
Petrofac Limited: RESULTS FOR THE YEAR ENDED 31 DECEMBER 2020
Surely it'd not beyond the wit of man to issue a 6 month update...... PFC have had 3 months to pull the numbers or is it because its not looking good........
Snapper10
" until at the earliest date of the 21March 2022..... it continues.......... to 5 Sep 2022.......my mistake."
Court calendars get updated as events are booked in......it doesn't mean nothing else will be added until after 05 Sep 2022
Yet ANOTHER statement made without the proper evidence to back it up.....more Snapper10... invented "assumptions"
Maybe you should go back to bed.....
Sorry Its worst the court calendar goes to 5 Sep 2022.......my mistake.
12 months of nothing????????????
worcraps
https://www.sfo.gov.uk/court-calendar/
Its as per the published Court calendar on the SFO
No I don't lie didums, until at the earliest date of the 21March 2022..... it continues..........
Start to take this serious please the PFC investigation continues under investigation..... and you and pokerships can continue to prevaricate and spin as much as you like the SFO goes on until we are told otherwise by someone...........
"The SFO’s investigation into the activities of Petrofac, its officers, employees and agents for suspected bribery, corruption and money laundering continues." according to SFO website..... and yes it could mean further developments which could reduce OR expand the investigation??????
Snapper10....."SFO don't have anything in the Court calendar for PFC/David Lufkin Before 21 March 22"
Where is that stated anywhere? Mmmmmmm, is that a lie you have just told?
"The SFO’s investigation into the activities of Petrofac, its officers, employees and agents for suspected bribery, corruption and money laundering continues." according to SFO website,
Snapper 10
Please note : " these pages, should be regarded simply as a record of our statements at the time they were issued "
"SFO investigations follow the evidence, and their focus or scope often changes as the investigation advances. In these circumstances we will not normally update these pages, which should be regarded simply as a record of our statements at the time they were issued. The investigation may have changed in material ways."
https://www.sfo.gov.uk/our-cases/