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Good website for reference that one, its quoting:
“ Petrofac is a leading dividend payer. It pays a dividend yield of 14.51%, putting its dividend yield in the top 25% of dividend-paying stocks.”.............................Yet PFC haven’t paid a dividend since 20219?
Ref https://www.dividendmax.com/united-kingdom/london-stock-exchange/oil-equipment-services-and-distribution/petrofac/dividends
So I’d take the price target Low 80p to High 200p (mid 130p, left side of the page) with a pinch of salt, obviously the entire site isn’t well updated.
We all live in Hope….
Not holding my breath for the 130p shortly.
Mary, 130p would be a nice outcome of course! We shall see shortly.
Que sera, sera
Whatever will be, will be
The future's not ours to see
Que sera, sera
What will be, will be
OMARS
Market beat also state N/A for short interest !
I find plenty of data from all sources needs to be cross referenced, marketbeat I find the worse !
I don't disagree with the 130p tho
I'm all in....
See below for reference:
https://www.marketbeat.com/stocks/LON/PFC/#google_vignette
Looking at FT below are forecasts
High 319.2% 100.77
Med 68.3% 40.47
Low -17.5% 19.84
and also it thinks of a dividend of 0.012 in 24
And market beat which Mary sent as below only says the upside and no downside
UPSIDE/DOWNSIDE
440.8% Upside
GBX 130 Price Target
These guys are not thinking about rights issue which is very possible
Sentiment has shifted ever so slightly but in the right direction. 100 is possible in a month. Would not have said that a week ago. But today we have real grounds for optimism.
SMALL CAP
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SocGen raises Petrofac price target to 27 (26) pence - 'hold'
To the 11% shorting this PT 100+ in a few weeks
Has the master trader Mary b moved on then....
SocGen raises Petrofac price target to 27 (26) pence - 'hold'
Some nice big buys on the back of some good news bodes well.
Nah, that's just your ferrari Tony9s!
Amongst the noises I hear Moaning, Grumbling, Snarling, Roaring, Hissing, Growling and Grunting. There are Raspy Growls, Hungry Groans, Screeching ...
These big buys are holding the line. Seems like they come every time it goes red .....
Everyone anticipating that BIG price movement any day now in my opinion
Night of the Living Dead. 💀 Ivor Griffiths plays Zombie #1, closely followed by the rest here.
This advice is based on positive news that they have garnered from a reliable source. This is awesome news and the beginning of a snowball effect of good news that is going to push this share up to 100 in May. In the short term it will hit fifty in two or three weeks. The short squeeze will soom be on us. This is a four or five bagger from here for sure.
Hold and for me personally accumulate. While the market moves up on expectations of falling interest rates and she stays static the potential for a bigger bounce back when some good news comes increases. Legacy contracts no doubt getting closer to completion along with pay days. Trimmed a few more from Phoenix and rolls to top up. Watching shorts burn will be well worth the long wait.
I'd like to think that Petro are jockeying thenselves into a good position for Orcadian energy/Ping contract that will be up for grabs once the project is ready to man up
There are something like 40+ FPSO's currently on the order books to be built over the next 10 years or so (of the top of my head) that's just floaters. Huge market with lots of contracts up for grabs in the future
There is plenty of work out there for Petro to get after
I’m following this group since long time, and I’m a long time holder. My average is around 50p by now which is still kind a lot compared to current price. However I still didn’t give up on it and as someone said earlier why we should sell our shares in lost, particularly if the company has promising new contracts. I know the share news today is still not the best and the one we all holders are waiting for. But there’s a small positive step for sure, and I believe step by step this company heading to a bright future. I definitely will wait and hold even if it’ll take months or years, but rhe result will be there.
It's very rare these big global OnG service companies go admin. They either merge or get bought up. Petrofac is one of the few yet to merge
I'm confident they'll turn things around, either through sale of assets, merger or advanced payments being made etc
SocGen raises Petrofac price target to 27 (26) pence - 'hold'