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Snapper,
While you are very excited may i advise you that some of your statements could be seen as libel.
Hold and buy the dips. Lucky few got some at 8p- easy trading
How many of these Paragraphs are in the Draft Accounts.....I Wonder.....Still to Be Published...
Misstatement of financial information as contained in Petrofac Limited results for the year ended 31 December 2022
"During the year, a review on the Thai Oil Clean Fuels contract was conducted by the Group’s Internal Audit function as part of its 2022 audit programme. This detected that indications of a material growth in the bills of quantities volumes had been identified during a periodic engineering scope review prior to the approval of the Group’s consolidated financial statements for the year ended 31 December 2021. These should have been evaluated and reflected in the 2021 financial statements. This data was identified and available to the project management team but was not shared with the E&C divisional senior management team, the Group’s Executive team nor the Group’s external auditors until after the approval of the Group’s consolidated financial statements, in contravention of the Group’s established policies and procedures. A thorough investigation concluded this reflected poor judgement rather than any intent to mislead."
Its called FRAUD.....
Although we (us on chat) dont know the future, it seems like pure basic management f-up on how to do basic business duties is very apparent.
HL Head: Trading should be resuming upon Year End publication as we already know. I was thinking PFC are hiding things, but it is a mixture of constant screw up and poor management of comms and day-to-day activities.
https://www.energyvoice.com/oilandgas/north-sea/552529/petrofac-asset-sale-on-the-cards-over-debt-challenges/
Also, on 25 April 2024, majority of analysts in FT have placed a HOLD and BUY position, not much different from past position - several months ago. To me this is saying, there is confidence with caution outside of PFC and PI category.
OR, this could just be part of a big plan for Shorts and other trouble to move out of the way?!
4 50,000 sells spotted. were those from the buyer earlier? maybe a quick day trade. small profits tho.
I cannot fathom why any LTH would continually put more money into this over the next few hours.
We have witnessed a death by a thousand cuts over the last six months so why would we put more cash into this failing BOD? They had the opportunity to to raise at 80/90p and didn't. Then Aidan the saviour was brought in and there has been no progress. How can a company that is going through finance restructuring not be able to put the books together? The only answer is incompetence.
Staggering. I'll remain in and wait and see what happens but they'll get no more cash from me.
. . . like a cat hitting the pavement from the 9th floor
Mary B - Seduced investors in Harland & Wolff with the notion of a £1 party, the share price is wallowing at 13p.
Hope something can be salvaged for shareholders here - good luck.
12p incoming maybe a lot more. Put options have completed.
For the dinner bell! Hoorah school’s basically out, game time shortly. Sunny day for British Bulldog for the last time before we have big school.
Am 60 now but still with an absolutely full head of hair. I got it shaved in January (retired at 53) as I’d never seen if I had any chicken pox scars under there or anything. No nothing. If you do decide to do that it basically takes three to four months to settle back into something more normal. There is a period after six weeks where one looks really young, but difficult to replicate that with a routine cut. After a week difficult to put one’s pullover on and off.
Odd feeling that no one even looks twice in the street. Some relatives in FaceTime say nothing as they assume the worst.
See you for a game of Wack It a bit later.
Can’t buy on my Halifax account at the moment and was only a small trade? Under £100
Made a small profit on PFC after Covid , but thinking my 6K investment here is/has gone.
Might just stay the distance and take the pain
Absolutely corruption here. That pump into the 30s just before the news is very dodgy.
10p offer price. its turned a wee bit
A fortune!
Yep she pops up on every share that drops hard claiming to have bought the bottom 😆
The big Co's shorting could go from a massive profit now to losing. They must be tempted to cash in their winnings to be on the safe side.
There was clearly underhand tactics and insider trading caused by information being leaked out to a number of shorting organisations. No way is that just down to taking a punt! Someone remind us of the organisation that has it's offices ON THE VERY SAME STREET AS PETROFAC'S HQ and tell me that is coincidence. The current path was clearly likely known by a few inside the company who were only too willing to leak this out. I can see this turning, eventually, but it will need major changes at the top to prevent such an embarrassing handling of affairs in future. Pathetic management
You guys ramping. The time has gone.
I don't think you're going to get anyone on the fence to buy in.
May as well give up.
You can either gloat in a few weeks time (unlikely)
Or vanish the same way as your cash will (likely)
Maybe ask the Receiver ....
4 50,000 buys spotted. maybe support at 9p mmm
Talking b@ll@cks
Can only imagine how many idiots on here listened to Mary's crap. They must be regretting it badly.
Obviously the weight is on the sell side, hence the plunging price, but someone must be buying the sells.
I'm still in, unfortunately. Going to stick with it now and see what happens.
Market Cap. £45.71m
This cap has made dilution worthless. Initially i thought bondholders or debtholders could be winners in here.
Today All are losing I think.
I'm trying to see this as a lesson in "most PIs (ie me) can't play the stock market".
And that it's better to just buy a managed fund. No stress. No micro managing, no lse forum ramping/deramping/Bs.
Maybe it'll save me cash in the long run! :D