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A few percent below won't scare existing shareholders my friend.
The upside potential is far too high, very little risk at these prices x
Signed.
Sign the petition and hopefully there’s enough people’s signatures to make a difference
https://petition.parliament.uk/petitions/657294
6,500,000 sold. Possibly another 3,000,000. Extra shares issued this week. Possible linkage? Someone knows something and if 6,500,000 sold in one block someone obviously bought them. High risk but high return if it pays off. 100 is possible if they have come up with some cashflow. Cash is king. GLA.
Let sleeping dogs lie Evanescent.
Yorkshire -badvoc is a scumbag.... filtered a long time ago for me....waste of time apologising to a clown 🤡 like him
👍
No biggy, think we can all argree Shorters are opportunistic scum
Chill out guys when it’s heading over 80p soon ul wander what ur stressing about… read last rns… no sweat. Fill yer boots when she is cheap.
Ok, I can only apologise again. Was wrong of me to associate you with Shorters.
I am chilled as I presume you are? I don’t appreciate the speculated association with those sc*m shorters.
The fact is that PFC is in precarious situation and does have parallels to the Carillion situation for reference (mentioned here before). Both have/had Operational and Project divisions to their business.
Carillion:
Solid operational division contracts with the NHS/Military/Councils etc. = cash flow profitable/neutral,
Project division with projects in the Middle East = lack of payment form customers created cash flow issues, and debt,
Banks/creditor unwilling to extend credit to keep it afloat regardless of the operations division.
Company as a whole goes out of business.
PFC:
Operational division = running customers operations (platforms, refineries etc.), employs thousands, so must be cash flow positive or least neutral.
Projects Division = Won billions in new orders (yay), but had major issues with securing the cash flow for guarantees etc. (and company debt)
Banks/Creditors in negotiations to stump up the cash flow (could say no like they did with Carillion).
The outcome for PFC vs Carillion if they can’t get the $$ would possibly be:
1, They lose several or all the already won project divisions contracts, not sure if there would be payment penalties owed by PFC as this would delay project execution as the issuer would have to award to another contractor to implement (lost about six months of time).
2, if the operational side is profitable, this keeps operating (if it covers current debt),
3, with cash from legacy contracts coming in, sale of assets etc. may help the company pay debt down and keep the operations side going,
4, the projects side takes a reputation hit and they have to build it back up over time to gain work once the balance sheet is in a better state to support it (could take several years).
But I’d say the chance of PFC going bust is on the low side, but would survive in a re-organised state based mostly around operational division’s activities and possibly reduced debt (small amount).
Project divisions is what makes or breaks most companies.
Again my view like others on here is pure speculation as none of us know more or less than the other, good luck to all, hope we all come out of this neutral or in profit..
Woah chill dude!
We're both on the same side here. Apologies for any offence caused. Wasn't my intention at all. Just saying that we have Tony9s, snapper etc doing their best to scare people and we shouldn't be giving them a helping hand.
Have you even read my post history? Obviously not, if you had you would see I post a lot of news posts (inc links) and a few personal views on this share. You seem to be the typical type on here, think you hold the moral high ground based on one or two message views and then presume every comment you don’t agree with or miss understand is from a shorter.
I.e. Vultures is a reference to bankers, creditors circling with the higher hand over PFC (the corpse).
What a pompous individual you are……
Badvoc,
I welcome debate but it should be balanced. Posting repeatedly negative comments doesn't help sentiment and in the absence of any tangible news from PFC since the TU sentiment has been one of the factors for driving down the SP. You remind me a little of Andrew Bailey. Everytime he opens his mouth the market drops despite him having a vested interest in the economy improving.
Anyway, good luck to you and all LTHs.
Is there anyway of analyzing the after hours trades to determine if they are buys or sells. They are all currently shown as unknown. The closing price appears to be 24.4. If you assume that price or anything above is a buy and anything below is a sell then a significant number of the trades are buys and the larger trades all fall into that category which I suppose is likely to be a positive for Monday. Am I clutching at straws?
I’m long too and have worked down a decent average position now of 60p. It’s either gonna go very wrong or very right from here is my guess. Toss of a coin but PI will probably hear last…
I’m long too but haven’t a clue what’s going on. The recent increase in short position appears to have happened on Thursday 14th when the price did fall a bit but that was against the recent trend of shorts from other organisations decreasing. On Friday there were some large trades after hours - I presume they were buys but were they? It could signal other shorts reducing if they were. It seems to me that the shorting organisations themselves don’t know how to play it.
Anyone care to put forward a robust reason why big Institutions are continuing to short this stock.
I'm concerned that their analyst have picked up something we are all missing.
The amount of shorted stock is huge and this does have the potential to go very rapidly into a short squeeze. With a significanyt % of the stock held by private investors, then if they are prepared to hang on for the iride the price could go silly. However, if the company were to fold then do all their short positions close and the shorters have nothing to return to those they borrowed from, thereby giving them a huge bonus?
As I said -I'm long and trust this is a balanced summary
No.5 on the discussion board on a Saturday morning... somethings happening!
Oceanpassage
It’s the volatility that creates the opportunity and the risk. They always go together.
Macroaxis: 42% chance of bankruptcy.
Worth a punt with total loss of investment 4.2 times out of ten?
Loads of contract wins.
But if they don't pay enough in time creditors taking the company the the company. Aka fair share price valuation of 0 pence or less. what clear comments from the company have their been on this. None.
Great company, terrible stock to hold. Don't get the 2 mixed up.
I'm not a shorter lol, just knee deep in negative territory in this thing….
Love the way several on here label negative comments coming only from supposed shorters lol, change the script you sound like one of those woke liberal f**ktards that close down arguments by branding someone that has a different opinion to you by the very words that describe them……. Yawn.
Badvoc,
Vultures circle corpses or animals that are close to death. PFC are still very much alive and kicking. Evident by them winning massive contracts up until the last week. Once Aidan sorts the financing out the vultures will be circling your shorting buddies.
Shorts Increased:
Whitebox Advisors Llc increased 0.10% (all shorts sitting at 10.98%)...... Vultures are circling
Source: https://www.lse.co.uk/ShareShortPositions.html?shareprice=PFC&share=Petrofac