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50,000 at 23.06p don't mind if I do. thank you.
Go and buy shares in some decent companies. You are missing out in a serious way. Plus you will lose this money.
Premier Foods is another great British story... on their knees at one point with debt, pension issues... at one point down to 16p... now flying 1.54 and paying dividends...
Here are a few examples of companies that have overcome financial difficulties on the London Stock Exchange:
Rolls-Royce Holdings: Known for its aerospace and defense technology, Rolls-Royce faced financial challenges but has taken steps to restructure and recover.
Royal Bank of Scotland (RBS): RBS experienced significant financial difficulties during the global financial crisis but has since implemented restructuring measures and returned to profitability.
Lloyds Banking Group: Similar to RBS, Lloyds Banking Group faced challenges during the financial crisis but has managed to recover and regain stability.
ITV plc: This media company went through financial difficulties but has since bounced back, maintaining a strong presence in the UK broadcasting industry.
Marks & Spencer: A well-known retailer, Marks & Spencer faced challenges due to changes in consumer behavior but has implemented strategic initiatives to improve its financial performance.
Eurofil - Just asking. What is the problem? If you do the research and/ or have been convinced by with good evidence from others and found none of them then buy more or hold, otherwise sell. Is that too complicated for you ? :)
Carillon? how desperate can trolls get, petrofac is not Carillon desperate fool
Re - Carillion , Frank Field MP, Chair of the Commons Work and Pensions Committee, said:
"It is clear that the directors of this company trampled over the rights of their tens of thousands of pension scheme members. Their main focus was paying out fat dividends and bonuses that exceeded their cashflow, all the while stiffing their suppliers, borrowing mega sums of money, and allowing their liabilities and pension deficit to balloon to ruinous levels. Clear warning signs were evident several years ago in the assessments of the company's commitment to its pension schemes. Yet as late as 2015 Richard Adam, one of the directors appearing before us tomorrow, gave a farcically optimistic report to the pension trustees"
Hahahha. That is brilliant. Did you read it. For their performance in 2014 and 2021. How's the share price done since then!
This is not a sign that D4E is or is not needed. Stop spreading misinformation and your deluded hopes.
In my opinion, This is a bullish sign that they have issued more shares for a back payment, which to me means bankruptcy or administration is off the cards, they wouldn't be allowed to issue more shares if they were at that stage ....
Sandancer
If there is one thong BODs everywhere it is leech shorters. If they can screw the leeches they will. This RNS is a message: no D4E. They are timing announcements nicely. For LTHd at least.
Never mind.
If it is a reward to those who made the mess then both the giver and the receiver believe the gift will be and is worth something. Furthermore, it being the case that the reward has value the quid pro quo for that would appear to be, prima facie at least, that “the mess” has been cleared up.
In other words no D4E!
Oh dear, hope you’re not a shorter…
Omars - Please wake up to reality. They are creating new shares out of thin air to distribute as part of bonus schemes. They do this every year - most companies do this. There has been a small dilution of existing shareholders without any money being raised. This exercise has absolutely nothing to do with any capital raising which might be required. Personally I wouldn't be using this as a reason to buy even more shares - but each to their own.
Confluence, this is a non-event just bringing additional shares into existence to cover internal company incentive scheme..... don't know why anyone would try to spin this as anything other than that....well I do , mischief makers like yourself maybe try to make it seem like something more...
Definitely a good sign.
So shares are being diluted by less than 1%
I'm bullish at this level but I can't believe 8 people have ticked up Omar's post.. Do you even read the RNS. Scary..
Wow!
Erm, hate to tell you but that's not shares to fix the mess. It is to reward those that made it lol
If that's all the money they needed from a minor dilution I'm buying more!!!
Only diluted by 1/1200 that's nothing !!!!
petro****
Incentive stock options must mean performance targets being met, which is a good thing, BAU then. I wonder if they will be sold in to a rise in the near future, and what will drive the forthcoming SP rise?
GLA
Not expecting a SP reaction but business as usual is a good sign. Issuing shares which shorter say are worthless suggest management (<Hs) think otherwise.
Just a comment. Nothing more.
It's just 0.5% additional shares, only a very minor dilution or 1/200th if you like fractions - can't see that it will have any material effect on the current SP.
For them to carry on as normal good sign
@MaryBr, not sure how any of us read it. Small raise but a raise nonetheless. I haven’t a clue how the SP will react, if not already factored in.
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. The New Shares when issued will rank, from Admission, pari passu in all respects with the existing shares and will have the right to receive all dividends and distributions declared in respect of issued share capital of the Company after Admission.