The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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PFC - a glass half full day today.
Just in case any newer members are concerned by Snappers posts, it’s only fair that you should be aware that in his older posts he show that he is a disgruntled former employee who has held a grudge against the company for years.
For those that can be bothered, scroll back to his post from 25th of September 2020 where he actually details his former role within the business.
Any insight he had is now long out of date and he’s been predicting the imminent demise of Petrofac for half a decade now.
It’s great to have different point of views on this board but this guy has one agenda, to undermine Petrofac at every opportunity and to unsettle investors.
Please sign and share
https://petition.parliament.uk/petitions/657294
No worries thought it may be related, but sense this is the usual from the last few weeks, shorts are closing some micro percentage (all helps), probably another 0.1% from Helikon Investments Limited.
Will know tomorrow when the shorts charts are updated, but defo similar to the last 3-4 times.
We are all in hope, 81p ideally for me,
It does not strike me as logical to issue shares to reward performance if they know they will be worthless in a month.
Brought down to shake the tree, sent up to whet the hopes of the LTHs and then drifts down. Been happening for weeks. Nothing new as far as I can see.
The tight ranges are being held daily so wondering are the shorters repositioning with he aquiescence of others?
Much buying today and I won't be surprised if total trades top 400. Their latest contract announced 8th, worth over US$200m over 3 years for a Turkmenistan gas field is the reason the share will be more in demand for recovery play. Believe 22.5p approx. will be the lowest we see Petrofac before the upside that is expected now. Seems to have started.
Ty badvoc saw that last week and read it as progress.
Snapper should have closed that short at 23p when I was buying you muppett
Https://www.consultancy-me.com/news/7971/petrofacs-restructuring-team-floats-proposal-to-lenders
Cat got the cream today :D~~
See you al at 40p next
Administrator Looms.....
If a EPC contractor cant get Advanced Payment Bonds and Contract Guarantees from funders ..........
Its obvious to a Blind Man the Death throughs are in process........
Its only the desperate and stupid that dont want to see this........
All energy/oil companies are up, so probably just linked to that
The banks and bond holders near a deal but what equity
... a one-liner will do.
When a bit more time post conversations
Bonnie why not jus post what you have heard... makes it a lot simpler.
Just on a few of boards let’s see if real or made up
What rumours ?
The financing solution or the D4E ?
Link to source please?
There are rumours splashing around let’s hope they are true
Last time this happened we had a small shorts reduction and a new contract announcement!
I smell………Fear in the air🤧
I'm in with a wee punt. These global service companies are durable. Mergers are all the rage in OnG and petro is one of the few yet to jump into the arms of a rival company ...merger/acquisition will come before admin imo