focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Link to source please?
There are rumours splashing around letโs hope they are true
Last time this happened we had a small shorts reduction and a new contract announcement!
I smellโฆโฆโฆFear in the air๐คง
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
SP says there is a positive news on its way
And Tony999 your ferrari advice will be needed in the next few weeks. you might need to sell yours to me to recoup the short loss
If you keep sending messages on here snapper it might stop your bank account emptying out over the next few days haha
Back to making hole
https://www.linkedin.com/posts/petrofac_3_energyindustry-oilandgas-wellengineering-activity-7173679517897490432-e2zp?utm_source=share&utm_medium=member_android
Will be lucky to pick this up for under 30p by the end of the week
Oh dear snapper sounds like you might have been stupid enough to take a short position out on this company. I was giving you the benefit of the doubt that the negative posts were to bag a bargain at the bottom. clocks ticking for you I'd say
Jem 1972
"You seem to have very good insider information on the company" ........Wrong......
Correctly Phrased ......"You seem to have very good information on the company".....
Insider means corruption........I am not corrupt.....
its all in the last published PFC accounts Just Read them........
Posting inside information that is not public knowledge, or information that is false or misleading, may constitute market abuse. This could lead to an unlimited fine and up to seven years in prison. If you have any information, concerns or queries about market abuse
Well shortens what to doโฆโฆโฆ.Sell/ buy what a dilemma! Could there be more contracts on the way. Only time will tell.
The shorts better start scraping around for every bit of loose change, going to need it. As far as Iโm concerned the current SP is reflective of the fear of share holders being wiped out. Seeing the RNS today that isnโt going to happen. Iโve just doubled my holding by a decent 5 figure sum. Shorts will pay. Good luck holders
"The New Shares will be issued in connection with distributions to participants of The Petrofac Performance Share Plan 2014 and The Petrofac Deferred Bonus Plan 2021 and allotted to the Company's Employment Benefit Trust"
It's something they had to do as part of the above 2014 & 2021 share plans. Nothing more to it.
Not much resistance above 26p. next test area imo
Well the $600 million contract and the $200 million contract should have sent the SP upto 100p ages ago
All PIs, what would be the bear case behind the issue of these shares to staff at this point in time? I'm struggling to think of one. Does anyone have a suggestion?
Could it be to allow staff to cash out quick before the collapse. Seems far fetched. So why issue them now, ftom a bearish point of view?
Can't wait to hear the news on lenders
Shorter are trying hard to keep the SP lower side...but it seems SP will go up.
From the price movement today, it looks like the shorters have started to buy big shares back today, looks like the SP will continue up
The board has nothing to lose by handing out shares.. I wouldn't read too much into this mornings give away. The main thing is they have a plan which does not screw us shareholders...
Just the normal working of the firm Iโm sure they are working hard to sort the cash flow and also reducing cost.Im sure a rns very soon.
Sp walked down to 22.6p
LTH. I take this as a positive. Virtually all listed companies do this but they don't award shares to key staff for nothing. They are performance related and that should send a message to all of us. The share may not vest in the short term but clearly the Board has an expectation that performance targets will be met at some point.