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Watch out for the MM shake - charts pointed to a rebound yesterday
The consensus peeps ?-
leak on good news perhaps
Shorter closing?
Just usual ups and downs?
Best run up to mid-day that we've had for a while
Refueling time
Not sure why you think I used to work for Petrofac Cuban? I never have and have no working experience in the sector.
My misspelled username refers to the length of time if been invested in this share!
Wood having 4x the payroll of Petrofac and only 3 quarters of the contract pipeline only goes to strengthen my point about how undervalued the business is at the current sp levels.
As for a pension deficit. It’s never been mentioned or reported as a concern in any of the Petrofac reporting or in any analysis that I’ve read. Where are you getting your information if you’re saying there is a pension issue?
This could move fast. Which shorter will lose their nerves first?
Breakout I feel we are about to get an Rns today or tomorrow morning
Up 7%
Cuban_Cigar
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You setup a nick name from 2023 and only post nagative on PFC , that is good work out who you are and wellcome to chat broad.
Swazer has said 52p and he usually calls it correctly or maybe if there is a takeover bid it could go Much higher than 52p
PFCvetran - QUADRUPLE (4 TIMES) the employees of Petrofac (35000 vs 8500). As you were used to work for PFC (?) , do you know the size of PFC pension deficit ? The reason for this question is no one came to the rescue if Carillion because of its massive pension deficit (£1.8B)
Shorts are buying back coz they know something has leaked out
Boooooooooom time hold on to your shares
40k buy gone through
@sandancer
Yes, HL and AJ Bell have both confirmed to me that they also do not lend out shares
Evanescent - its worth checking worth your broker if they do actually loan shares from nominee accounts. I'm not sure if any actually do - but if they do then you can certainly change to one that doesn't. Barclays clearly state in their terms and conditions that they do not loan shares from nominee accounts.
Moving up..
One thing I don't really understand about shorting, (I say one but there is in fact loads I don't understand about shorting) is from the view of the Lender.
The 'ultimate' payday for the shorter is to reduce the value of the shares borrowed to zero, even on a smaller scale, the aim of the shorter is to reduce the value of the share
- SO, what drives the lender (the owner) to lend his/her shares out to the shorters, knowing the aims of said shorters?
Ok, the owner receives some interest from the borrower, but having reduced the value of those borrowed shares , the owner receives back much reduced value, or ultimately, shares which are worth possibly zilch!
Don't think I've ever seen shorting discussed from the point of view of the lender - Where's their incentive?
There seems to be a lot of automated buying and selling. Interesting that this happens as two shorters increase their positions. Perhaps another is bailing now on the basis of inside information, last time it went up to 30. If the balance sheet is sorted we could easily see 100. Petrofac have a bigger order book than Wood Group. 300 is my target in a year.
This is why we bought weeks ago .....
As we await the Petrofac results news and the update on financing, it’s interesting to read up on what the reaction to the Wood Groups results today.
A pretty good set overall but the share price saw an initial 5% dip this morning (now recovering).
The most interesting part for me is that their order book stands at just £6.3b despite being such a huge business with double the employees of Petrofac.
It suggests to me that PFC are significantly undervalued.
https://dailybusinessgroup.co.uk/2024/03/wood-launches-60m-annual-savings-programme/amp/
You keep an eye out and check everything. Then the shorts don’t burn your fingers. The balance sheet is a hood place to start. It is possible for PIs to profit from the activities of short sellers. We’re not trading in Germany but whatever floats your boat.
Ivor.....never is a very long time.....dont assume it will never happen....banned in some countries and hopefully will happen here.....I am seriously considering moving all my trading to German stock exchange at some point and I guess if enough people abandoned LSE for that very reason then never would happen despite your opinion....
Also on your point 'If people avoid shorted companies they would not get burnt.' - lots of people buy into a stock which has no declared shorters and then after an unknown period that stock becomes a target for the shorts....so how is it their 'fault'?....the truth is any company can be a short target so any share bought can expose investors.....