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I guess the answer is no. so all this bull about short squeeze iis nonsense. like most things said on this board yesterday. so just have to wait and see what happens next.
Snapper, Tony9999 and Garydav2 all tools👍
Eurofil
Well my spelling and grammar may of not of been great. It was early in the morning and I was on a bus.
But the facts are the facts you tool
Did any shorts close in last 2 days ?
It is not investing it is gambling and even you can win a gamble but here you can only lose.Time will tell but in my opinion shareholders are highly unlikely to be wiped out here.
Please ignore the rubbish being spouted by a few individuals. Seem to be ex employees with very negative comments that are pure rubbish. Shorters were prolific yesterday. Looking forward to a firmer footing going forward. I averaged down luckily right at the end. Looking forward to 100p towards end of this year once results and trading resume.💪💪
Let me educate you Gary, it’s their hard earned cash.
belonging to or associated with the people or things previously mentioned or easily identified.
"parents are keen to help their children"
2.
used in titles.
"a double portrait of Their Majesties"
I can't believe the blind faith in which alot of PI'S have put there hard into cash into companies like this recently. This board and SDRY I think I have seen it all recently. Punters have lost 80 to 90% in some cases still holding on for that glimmer of hope.
Well all I can say is take whatever your read on these boards with a pinch of salt. And don't be afraid to have a rigid stop loss in place. All the averaging down posts, oh I made another top up...
Well done that at your peril.
Goodbye Petrofac.
At least for 4 weeks 👹👹
So, the shares are now suspended from the 1st May up to the stated date of the 31st May (maybe longer)? Why they bothered now when they have already deliberately killed this share over the last few weeks. Possible for easy Administration?
Q; So if they get through this disaster and keep trading, the share price tanks to 2-7p with debtors dumping (as some predict). What do you all think the new normal range will be? possibly 5-20p?
If you look at Tullow oil that did survive, they used to be 200-235p for a few years now settled on 27-38p after the dust settled.
Just wonder coz if in 3-6 months it’s in a range, could the worth a punt to claw some losses back?
Thoughts??
Actually it was more exciting than I expected. Cheers and all the best to you! X
Bit of fingering, That was actually quite nice. NN x
Sadly it might take quite some time to get the accounts signed off by the auditors.
Best of luck bailing tomorrow. We are suspended until EOY accounts are formally signed off by the auditor and published for the Exchange.
Apothecary 🫣🫣🫣🤓🤓🤮
Nothing lost yet unless you perhaps have sold on??
My losses amount to about 90% by far my biggest loss in 10 years. Thinking this will go the way of amigo or solo oil so maybe bale tomorrow and buy a few good bottles of wine with what's left...Cheers
So very much like Carillon.
They had to pay suppliers pro-forma i.e. upfront towards the end and also put alot of there supply chain on 90 to 120 day payment terms.
PFC I believe are finished
This made me laugh the most out of all posts today 👏🏻👏🏻
What PFC dont understand is they dont employ Construction Professionals with expertise.
The price work using people only experienced with Asian markets.
But Clients employ Western experience Engineers to verify what PFC have priced.
9 times out of 10 PFC have priced a EPC contract and the Clients are looking that PFC are 25percent under budget....
But PFC think they will recover losses using claims....
But because the Client is alerted to the cheap price from PFC they are combative from Day rejecting variations and claims from the start....
Hence PFC are behind the 8ball from the start.
Hence the loss making projects.....
I honestly feel bad for every retail investor here. The fact is this horse is dead!! Why? Because:
1. Management can’t price a contract before they offer it. So it’s loss making from day 1. This is the reality I see every day. Long term contract are horrible to price up. Especially on low margins. Even with a new Petrofac these problems will continue until they hire suitably qualified finance personnel.
2. Ethics - Petrofac are rife with bribery. Senior management were/ are not committed to ethics and compliance - simple stuff but very Japanese and US company I’ve even worked for makes it mandatory for new employees to sign that they’ve received the code of conduct.
Shorters were on this since October- I wonder how much knowledge transfer happened before this took place. People think the markets are honest but they really aren’t. So much corruption and the FCA do not have the resources just like the HMRC don’t have the resources to investigate every Turkish barber that only accepts cash!
Well, my loss in this one, while thankfully quite small, was nevertheless in a tax free wrapper, so no offset opportunities for me here!
I wish it had been free money. Where can I get some of that, short of becoming a politician? :)
Any self congratulatory comments, should incur a 12 month exclusion.
I know @sharefall. Let him have his fun.
Whats amusing on all share chat talk, are the people that go into detail about how they did this, and how they did that, which means im basically risking free money, arent i clever. No one gives a td$$ about them. Theyre just feeding their own egos. May as well wear a neon sign advertising their low self esteeem.