Member Info for alto1

MBUK whats the chart looking like for you 442p support good entry? already in above this but held back a bit.

well done eviking yes there was always a chance it would recover divi. and now we have another entry point but don't think i will sell these off this time these will go into the investment pot .

it wont go $100 famous last words. USA are swing producers when it gets to $80 they will produce more and more. if pfc stays the same meaning bribes sfo then i wont be holding my trading shares after that but will still have my investment shares. so if it goes $80 then that should get me to my target price.

mbuk can you elaborate. i see this as oil could go on a rally due to trump standing by the waivers being stopped on the 2nd may. and there is always the chance that pfc will recover divi payment in a couple of trading days so then it does become a free divi which would be nice. and i stand by my thinking that pfc will be back at 525p mid next week so the last slide allowed me to get in at 463p so good all round.

just a few trigger words in a story can be used to make it positive or negative and all you need is a neutral story to start with. so lets hope the next story reads sfo drops investigation then the shorter's party will be over. not that i have anything against them it's just part of the game and i short myself but even this slide caught me out until 487p can't win em all.

well US has confirmed it will end all waivers on iran oil. so oil will reach $78 by end of week john wood will rally. and pfc might see a bit of a drop then when it's found out that the end of the contract meeting has nothing to do with bribing and it was all about pfc not backing down on price because our management don't do low margin contracts pfc will be at 540p next week how does that sound.

no when i take a short position i don't care about the divi a £1 share pays 10p divi i am short i loose 10p but i gain it back when the share comes down 10p to cover there divi the only time i loose is if it recovers it's divi back. witch does not happen a lot on the same day of trading that being said pfc is a stock that has done this in the past hope this helps

snige i don't get your logic if they take a short at 470 and it goes 469 they will be in profit

yes you could be correct but long term i am happy to hold or trade they are just entry points for me in the end pfc will get its mojo back.

yes they are concerns immediate concern effects sp now witch is when i look for my entry point. downgrades new entry point. bad bit of press new entry point. sfo new entry point and if i can fit all this in before divi great the markets are fickle time passes sp recovers and although the sfo situation is not a good one. remember its not in the interests of the public to cripple a company with a massive fine that employs so many . and there is always the chance that there will be no charges sp £7 also pfc are reducing debt so they are doing the write things but at the moment they have a noose round there neck .pfc is defo not for the low risk investor i have been investing/trading pfc for 5 years and it is by far the biggest contributor to my fund pot.

because he or she has to feel justified in making the correct decision in there action human nature. for me i hope it the wrong decision no offence bonum but we are the opposite sides of the fence anyway. today's drop could be very good top up the slide is about same impact as divi so if it recovers that will give you a free divi when it comes of sp .of course if it slides further then not so good.

maybe just investors not wanting to hold positions for a long weekend. all good for me happy to hold and add the divi is just a bonus

ok it was sent to me today. but it must be all good moody's and finch can shift a share price 3-5% on crap ratings and we finished positive. well we made it to £5 is this when we my get a bit of a selloff guess this was the golden target for many a trader including me . may off committed the cardinal sin sold off a chunk today we shall see still not to bothered still have a fair size invested.

strange helping the shorts or helping the longs? Frankfurt am Main, April 01, 2019 -- Moody's Investors Service ("Moody's") has today withdrawn the Ba1 corporate family rating (CFR), the Ba1-PD probability of default rating (PDR) and the negative outlook of UK-based Petrofac Limited.

RATINGS RATIONALE

Moody's has decided to withdraw the ratings for its own business reasons. Please refer to the Moody's Investors Service's Policy for Withdrawal of Credit Ratings, available on its website, www.moodys.com.

Petrofac Limited is incorporated in Jersey, UK and operates out of seven strategically located operational centers, in Aberdeen, Sharjah, Abu Dhabi, Woking, Chennai, Mumbai and Kuala Lumpur. It is a leading engineering and construction company focused on the oil and gas sector. In fiscal year ended 31 December 2018, the group reported revenues and EBITDA of USD5.8 billion and USD671 million (11.5% margin), respectively.

REGULATORY DISCLOSURES

Mbk what you thinking on chart looks like this wants to gap pretty quick and fill 547p-516p .did not bounce of 465p today looking like strong momentum famous last words penny for your thoughts thanks in advance.for those that think charts are just tea leave reading please ignore post.

shreweddude67 i was thinking along the the line of the dividend cut in some shape or form would be saved to help pay towards a fine and if this fine never comes then it could be returned in a special dividend. as you said they are a smart company and we tend to forget they survived an oil crash. hell raiser of a share to have in your portfolio but if you have the balls to hold you will get rewarded in the end .

yes warthog shabby class dismissed. amazing oil could not break $63 pfc gets trashed oil breaks out the joy of the markets. oh well discount shares?

and the ROCE is 24% that's not to shaby

stuart 2019 most cases go to magistrates to hear plea then they decide to transfer to crown or keep at magistrates.but crown cases are made public online except for minors. but they like to keep these bribery cases behind closed doors and you can't get magistrates cases information online so perhaps that's why they keep them there.

take no notice of law suits they always come out of the wood work at these times i must of had this about five times on some of my nasdaq stocks. they start of for investors that have suffered losses $100,000 then it drops down to $50,000 they are just on a fishing expedition they will soon fade away it's a yank thing they do love there law suits.