Petrofac Share Price (PFC)

D for E is only an option amongst a range of other options they have to address liquidity - IF it happens at all - who knows. There could be an investor willing to invest or take over on the cheap (less £1). Huge risk for those that have sold with big losses imho. Its pfc expect the unexpected

Most don’t know 💩…. Including shorters. Am happy to hold and have been buying at these levels. Don’t know what the whole fuss is about. D4E priced in - if it’s bad news it’ll maybe drop a bit but there is gonna be some hell of a sqweeeze for the shorters to buy back - bring it on 🧨

Apothecary

Are you actually being serious?

Kicking ourselves for not holding when the SP hits 10p on Tuesday?

If you’re happy to loose over 50% then so be it, I’m not!

Knowbody knows for sure but a lot know what’s most likely hence 10% shorts and the SP in the toilet. If news is good the SP will fly but it’s one hell of a gamble from here and I’m not prepared to take that chance.

Thomas

Administration Is the one possibility that hasn’t really been considered yet as whilst the debt requires urgent attention and the loss making contracts need finishing, if they can manage to control the debt and make a profit from the contracts awarded in the last 18months or so then the business has a future. Although administration would create an easy way out of debt and allow someone to pick off the valuable parts of the business on the cheap and continue with the business under a different guise. It’s all to common recently. ESKEN and SDRY spring to mind. I really hope the update is satisfactory and shows a clear recovery path without destroying shareholders but am expecting the worst.

Sm66,

The stock overhang after the D4E will be enormous, enabling short positions to close at will. There is the possibility the PFC goes into administration.