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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
6,500,000 sold. Price down nearly 5%. Possibly another 2,000,000 are sold. Could be shorters. But their holding should drop - a lot. Time will tell.
Probably shorts closing...🤞
Looks to me like the MM dropped the SP to get PI’s to sell, in order to fill all those massive big orders
Probably inside trading
Hopefully Monday RNS and SP goes Booooooooooom
That has to be some shorts closing, surely?
This is only happening when some RNS due very soon and maybe Monday morning.
Good luck and enjoy the weekend.
Several big buys after market
Buy low sell high
Be greedywhen others are fearful.
Hold the line.
Jam tomorrow 💩🤡🫤
Come again to spread fear.....
Will probably end green ....
Not worried ....
News will drop any time now .....
Haven't you sold yet Snapper? I would have thought you'd have done so long ago considering you've been repeating the same diatribe for the last 8 month.
The BOD can spout Propaganda about New Contracts……..
But when you have Legacy Contracts Which are costing your company money then you are not addressing the fundamental’s…
PFC has a history of major losses on these contracts……….and lying about the same losses in the past.
The auditors consider these as the biggest Risk to PFC ……….. And so will any Bond Lender.......
Therefore until these are fully addressed everything else is just a Dog and Pony show
The Auditors are going to ensure that every dime lost is properly attributed……
Furthermore the auditors
Will continue with the mantra of
“Change in 2023-The risk level has increased during the first half of 2023 due to the prior year restatements identified in the 2022 financial statements. We continue monitoring relevant risks and effectiveness of our financial controls.”
Details-Increased.......
https://www.petrofac.com/media/i4khgz50/hy23-group-accounts_final.pdf
MMs have played a blinder with this all week, screwing people,
Based upon what exactly? Oh that's right...MMs making some cash for the bubbly and oysters this weekend.