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LeeRex, sit on your ar@e & buy dips is the best & most down to earth sensible advice i've heard on any BB for a long time If i'd taken that advice on many of the shares i was in on (Melrose, Barc, Nex Greencore) the list is too long but on all of them if i'd just sat & left them rather than being a twat & jumping in & out of stuff i'd be very rich today!
I have been in this share for about 5 years now. I am not a short investor here looking for quick profits and moaning when they don't come. If your are then, perhaps another share is for you. I am a supporter of this stock and have been trickle feeding my ill gotten gains into it. So i would like to say thank you to all the 'Shorters' for enabling to keep buying this stock at a discount.
gold5, great comment. sums this up. If people don't think this is a screaming buy @ these levels they shouldn't be investing at all!
This will be back at £7. may take a few years but be £7 & more. No reason why not. The potential is there & it's been way higher in the not so distant past!
15 Feb 2021 16:14
Whatamess, found lse a decent platform to share knowledge,did join, bought in at 1.09 too and worth a long term inv.
18 Feb 2021 19:15
You coulve been easily fake newsed somewhere! Im quite optimistic about this share.
23 Feb 2021 14:12
How can you interpret consecutive positive news and decent fundamentals that impacts a sp negatively. Optimistic about the long term but concerned about the conflict we are observing
05 Mar 2021 11:10
You chaps are livin the dream, petrofac stuck, paralysed sp
One way to describe you AYE777 and that is an emotional investor. Share trading is definitely not for you. In 3 weeks you went from bullish to bearish about this stock. You got in at 1.09, right now it's 1.34. So you've made around a 20% gain, what the hell are you complaining about. Sell out, take your profit and invest elsewhere.
You beat me to it Speedygun. Aye777, why are you invested here if you don't see the potential? do you have a target price? This share will up & down for sure but i'm pretty certain that in the mid term it wont be anywhere near today's prices.
Slightly nasty tone Aye. There was and is the hope of a resolution to the SFO enquiry which will make a difference to this share. It was also a top income share. Fairly reasonable I would say.
Didn't expect such a reception, and hope all are safe and well. Why have I held for so long Aye, Why am i a supporter of PFC?
The tax payer paid for my apprenticeship, In the MoD, after many years I became a Higher Professional and Technological Officer. As well as training engineering apprentices. Companies like Weir , PFC, have fantastic skills sets within their companies that can't be just bought and sold. They are acquired after years of experience. I am a firm supporter of UK engineering companies and know from my travels that other countries rate our services very highly. As for the SFO well in most of the World, bribes and incentives have been common practise for many years until the crackdown. There is a saying that you only lose if you sell, I haven't sold, as I see this Company as a long term investment (not just the company but the skills within). The company has been very proactive and its move towards the green energy front with Hydrogen plants. as noted by Lee rex recently. This could indeed be a game changer for the future as we go forward. Not forgetting the Divi's have received.
Aye, I missed out on the big NEX gains due to the vaccine announcement. An unexpected event! Yes it was a bit annoying but I still made a few quid there & it's just how it goes in this game. win some, lose some. I do see some striking similarities though between PFC & NEX. Both had remarkably good fundamentals & good business models & strong management teams. I do believe this could go back to £7 & more quite easily. If SFO thing ended, where would you see the price? not 135 that's for sure! This share was between £10-17 for several years not that long back. £7 is a fairly conservative figure.
& I only buy a share that I have confidence in & at a good price. Surely that is everyone's stance. I'm often bemused when holders of shares lack confidence in their investment. Most on here who deramp are those who have sold with regret or are keen to get in at a low price. No issue with negative commentary if justified as every board should have a balanced view. If I didn't have a belief in this stock I could've sold today for a few grand profit & walked away. This has a lot more legs in it yet!
The old sector star could get back to £7, but it is going to need the revenue of the old days and the dividend too..and some better margins than what the sector scrapes out at the moment.
2022 could see better days all round , but 2021..well maybe a start in H2 , if some stronger tenders start to come through
I agree, they have a great work force and deserve better ....
Cheers AD66.
PFC has been a painful ride since the SFO saga started. At 8% (even more than the level that fateful May) the percentage of short positions today is not encouraging - running roughly where it was in October when the sp was around 118. This implies that, for the Hedgefunds, the SFO story and related drop in January hasn't materially changed things and they expect to see it go lower.
PFC's recovery from January has been so sluggish - it's never qualified as a bounce for me - that I've taken some profits and held on to just 33%, at a net cost of 60p per share after deducting the profits. I'll only add if there are more tangible indications of a solid base or recovery.
Agree Paddy. Shorters rely on PI's having little or no patience and will sell on a small profit if the PI has been sat on a small loss for some time. So shorter know they can easily buy back to cover their shorts. This will re rate in time and we just need to wait. I'm in for a good while and am expecting this to multi bag so have specifically prioritised this in my ISA envelope. All IMO of course, but this is what I have done and am pretty chilled about the SP. Short term movement is of no real consequence even if I do check multiple times daily. Hard not to!
sharefall i agree this will mutibag in time
But you need patience of a saint with all the games being played
Imagine waking up to an RNS that SFO have closed their investigation ...50-100% rise easy imo
Shorters are awaiting results???? well maybe that is right but i'm not too sure. where were the shorters when IAG announced £8bn loss? well nowhere because SP rose nearly 10% on the back of those results. All company results announcements this year have resulted in some bizarre reactions. The whole market has been a bit nonsensical to say the least. I really have no idea what the results reaction will be & i don't care too much to be honest as they're forgotten about a couple of weeks later. If the shorts hit this one again, i'll just load up some more & say ta very much!