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Interesting post from Stas20 on 88e board .
15 Apr 2024 at 18:39
All the derampers
Anyone who thinks bulletin boards do not have bearing on shareholders needs to read more. In particularly those of nervous disposition who may not have not been investing / trading long, or that might be a little undecided in their purchase or, who admittedly, have not done as much research as perhaps they should, oh yes these people can be swung by the influence of others you don't have to convince the bigger fish, enough little ones in illiquid stock is often enough.
You should realise that bulletin boards are in effect, for the shorter's in particular, the PI's Carson block report. You need to learn a lot more about thought psychology, in fact its pretty hard to convince someone to buy, but its far far easier to convince someone to sell, indeed it is all part and parcel of why winners often sell out too soon and never realise the big gains of some risers and yet many, indeed most will hold far longer than perhaps they should, you can read the psychology of trading in many places, but interestingly people are often more fearful of losing gains than they are of racking up losses! Bulletin boards do hold influence and as such it stands to reason that if they hold influence over investors then ergo they hold influence over prices.
Ripley,
Are you that one in Alien who stripped down to her knickers?
Or a bot.
X
Kept them , despite majority here saying shares will be worth nothing .
Closed 9.5p , 300 posts here to 5.30pm .
Petrofac Ltd, down 28% at 10.58p, 12-month range 10.05p-87.50p. The stock slides again after a 34% slump on Monday. It warned at the start of the week that a financial restructuring could see a chunk of its debt converted to equity, resulting in dilution of existing shareholders. The energy infrastructure company also flagged an extra USD130 million charge in its engineering and construction division and said the release of full-year results would be delayed. The stock hits this 52-week low on Tuesday, and shares are down 86% over the past 12 months.
Post from yesterday much less chat today 12 to 8.20am .
Thread from last year.
RE: Don’t buy this spike unless you want to get impaled12 Apr 2023 09_4129 Apr 2024 09:16
25% down today early doors low 14.5p , spread 2%
90 posts here to 9am.
Some pointing at MaryBr190 a bull in recent weeks here , after concerning 7am RNS debt for equity .
CITY AM yesterday.
Petrofac shareholders could be set for wipeout as company considers debt swap
BY:RUPERT HARGREAVES
The company said this morning it would delay its full year 2023 results, which it now expects to publish by 31 May 2024.
Embattled oil services provider Petrofac has delayed the publication of its annual results and warned on profit amid a funding crunch.
The company said this morning it would delay its full year 2023 results, which it now expects to publish by 31 May 2024.
It also updated investors on the progress of negotiations with creditors. Petrofac said a group of senior secured noteholders have made a proposal to provide the firm with up to $300m (£239m) in further credit to bolster its weak balance sheet. However, the proposal would be dependent on the company securing performance guarantees written into its contracts.
The proposals would also require the conversion of a “significant proportion” of Petrofac’s debt to be converted into equity.
The company’s market capitalisation is £117m, implying substantial dilution if any debt-to-equity swap goes ahead.
Further, the company said it was in discussions with credit providers to obtain the required guarantees, which would also release over $200m (£160m) of collateral and retentions. While it pushes ahead with the restructuring, some of its creditors have agreed to short-term payment deferrals.
The company’s net debt at the end of 2023 was $583m (£464m), which was “lower than guided on 20 December 2023 and in line with the interim results, reflecting the continued efforts of the group to manage its payment obligations.”
Petrofac also updated the market on disposals and current trading.
It said it had received non-binding offers for its share in the PM304 Production Sharing Contract (PSC) in Malaysia. The deal could be completed as soon as the third quarter of 2023.
Meanwhile, the group said it had run into delays to negotiations regarding a clean fuels project in Thailand. That could mean its engineering and construction unit will make a loss in 2023. It has also had to book more costs in its Asset Solutions Unit, which will further harm earnings in this arm.
Tareq Kawash, CEO, said: “Operational activity continues as expected and our teams are delivering well in the initial phases of the contracts awarded in 2023. On the Thai Oil Clean Fuels contract, we are working closely with our client and partners to accelerate delivery of this complex project and conclude negotiations on the reimbursement of costs. While the commercial negotiations will only conclude after our full year reporting cycle, we are making progress.
“Petrofac has a large order book of high-quality projects, strong market positions and compelling future opportunities which are evident from the recently announced awards. We are working to put the performance guarantees and the right capital structure in place, in order to deliver on this potential,” he added.
Looks like my first buy here was 31/5/2017 paid 383p.
A rights at 115p 26/11/21 at 115p.
Averaging down March / April last year a mistake in hindsight .
Main broker still shows 10 Analysts expect the price to increase by 267% to 54p not sure how up to speed that is.
Down 35% today to 14.7p RNS debt for equity.
All time low the 14.7p , early and mid December 2023 they were 17p previous all time low , rebounding to 40p by 27th December.
Familiar names here emerald carrots , scoredagainsteps just two .
scoredagainsteps posted he sold out on 1/2/23 around 17p they were 40p at month ending .
Topped up again at *72p same amount as Friday bought on the contact news below 77p which was a double up .
Had that on yesterday after Jefferies target cut , it did not execute .
Went through at 8.27am same min as PREM by back .
FT100 down 1% at open maybe AIM had a little dip as well at 8.30am .
My broker today has Stock Price Expectation
11 Analysts expect the price to increase by 48% @ $1.076 12 month target ( a little lower then Fridays $1.174 but % gain higher then Fridays 41% )
qube are no doubt hoping for profit taking and a price drop to make some money to buy toilet paper hahhahaa
Astaris Capital Management LLP did not call it correctly reducing there short on Friday 31 Mar 2023 by -0.71% to 0.55 %
More then 50% of the short .
Qube Research & Technologies Limited Increased theirs by 0.1% on Friday 31 Mar 2023
Hindsight of two working days mistake to top up Friday Jefferies cut in there guess of were price is going dropped it 6% today .
There are 10 others on it no idea how much that will change my brokers Analysts Expectation, no change today of course .
Petrofac Ltd, down 5.1% at 75.00p, 12-month range 45.38p-161.20p. Jefferies cuts Petrofac to 'hold' from a 'buy' rating. It also cuts its price target to 70p from 160p. In the last twelve months, shares in the energy services company are down 28%. However, the stock surged around 70% last week Thursday, after winning a wind farm contract alongside Hitachi Ltd.
Looks like I was lucky guessing this morning as closed 78.7p.
Today the broker has Stock Price Expectation Analysts expect the price to increase by 41%.
12 MONTH EXPECTATION $1.174 from yesterdays $0.834 .
I did not notice the dollar sign before maybe that is wrong .
Maybe I read that wrong when posting yesterday .
Topped up at *77p limit set at 8.30am price was 83p executed at 9.30am. ( could of set 8% below as went below 76p by 10am , it had dropped to 78p 8.10am before puling back )
Twice as many then yesterday morning now .
Good to see the 65% rise yesterday lots of warning about spikes and also ramping here .
Some posters completely changing mind from morning to afternoon .
I was minded to sell my holding at a loss as it usually does come back after , with the idea to buy back cheaper .
Hindsight that was the thing to do ( but risk I would be out of there future .
I can trade this traunch and if it is a bad buy again I have averaged down .
FTSE Small Cap.
I had thought this might be an AIM share .
Tax on the buys but better maybe its on main market .
This guys pie chart bit like mine , I prefer that then just seeing one share .
TerryMC1 _Don’t buy this spike unless you want to get impaled. ( at today open )
Always a chance with holders to sell and buy back cheaper the spread moving about from 3%to 1% .
My broker had this
Analyst Consensus This is how 11 analysts from global investment banks and brokerage houses are currently rating the stock.
This from yesterdays 49p Stock Price Expectation Analysts expect the price to increase by 141% to 181p
Looks like they might have this one correct .
Wonder if it change in coming days .
Petrofac, Hitachi Energy awarded €13bn agreement by TenneT
Thu, 30th Mar 2023 07:24
(Sharecast News) - Petrofac shares rocketed on Thursday after it said that it and Hitachi Energy had been awarded a €13bn framework agreement by Dutch-German electricity grid operator TenneT.
The agreement, which is the largest in Petrofac's history, covers six projects. Each project comprises the engineering, procurement, construction and installation (EPCI) of an offshore high voltage direct current (HVDC) transmission station, onshore converter station and associated infrastructure.
The framework agreement was awarded as part of TenneT's 2 gigawatt high voltage direct current offshore wind programme.
Petrofac said each project will be executed under a standalone contract valued at more than €2bn, split approximately equally between its and Hitachi Energy's scopes.
Chief executive Sami Iskander said: "Today's announcement represents an exciting next step in Petrofac and Hitachi Energy's collaboration. We have already secured key resource and the yard capacity required to expedite the first two projects in TenneT's ground-breaking programme.
"By combining Petrofac's industry-leading EPCI expertise and Hitachi Energy's well proven technology, we look forward to supporting TenneT to connect larger, more effective wind farms to deliver affordable clean energy for millions of European homes."
At 0810 BST, Petrofac shares were up 54.9% at 75.99p.
Derren Nathan, head of equity research at Hargreaves Lansdown, said: "We are impressed by Petrofac's continuing move into New Energy with oil-field services having underperformed of late. How the financial spoils are divided remain to be seen, and we would like to see more details on contract margin which has been an issue in recent times.
"Nonetheless today's news should bring some cheer to shareholders who have seen the share price halve over the last six months."
Good to see one of mine up 65% , instead of -30% more usual of late .
Another 60% and I will be showing a profit on this .
Some say better to buy into a big rise ?
I will not be selling hindsight after next few months will be interesting .
31st May 2017 I paid 383p
21/11/21 OO or rights at 115p .
Thu, 30th Mar 2023 07:24
Petrofac, Hitachi Energy awarded €13bn agreement by TenneT
(Sharecast News) - Petrofac shares rocketed on Thursday after it said that it and Hitachi Energy had been awarded a €13bn framework agreement by Dutch-German electricity grid operator TenneT.
The agreement, which is the largest in Petrofac's history, covers six projects. Each project comprises the engineering, procurement, construction and installation (EPCI) of an offshore high voltage direct current (HVDC) transmission station, onshore converter station and associated infrastructure.
The framework agreement was awarded as part of TenneT's 2 gigawatt high voltage direct current offshore wind programme.
Petrofac said each project will be executed under a standalone contract valued at more than €2bn, split approximately equally between its and Hitachi Energy's scopes.
Chief executive Sami Iskander said: "Today's announcement represents an exciting next step in Petrofac and Hitachi Energy's collaboration. We have already secured key resource and the yard capacity required to expedite the first two projects in TenneT's ground-breaking programme.
"By combining Petrofac's industry-leading EPCI expertise and Hitachi Energy's well proven technology, we look forward to supporting TenneT to connect larger, more effective wind farms to deliver affordable clean energy for millions of European homes."