Member Info for alto1

yes warthog the guilty plea was day before so rye took there short out on the 6th they don't have to legally report it until 3.30pm on the 7th. so some were in between i would say they got the heads up. don't think they would of got info at court as it was a closed hearing and a news blackout.

i see RYE BAY CAPITAL LLp have impeccable timing when it comes to increasing there short position will have to send them an email asking to borrow there crystal ball or just the names of there mates will do.

dear Mr retour is there any chance you could come back to this bulletin board. at the time you stopped posting there were some children that had overtook this board that has changed know i for one value some of your posts especially the one that read this will put us back 6 months in response to the last occasion the sfo said they was going to re question pfc. i acted on your post and saved thousands as promptly after we went from 600p to 400p so thanks for that.if none of the reasons above have any relevance to you not posting then please except my apologizes and i wish you all the best in your investing thanks alto1.

it does not matter that no one at pfc has been charged the sfo are gunning for them. pfc are accountable no matter what if you read the sfo transcript you will notice the amount of times the sfo use the word ultimately. you will realize what stance they have taken.as for 350p cant see it the reason it went there before was a usa broker saying pfc could get a billion dollar fine that's just rubbish. so i have loaded up and will hold now we have been here before. remember this key takeaway it is not in the interest of the sfo or government to give out fines that will cripple a company and leave people jobless. there is so much negotiating in these bribe cases that they are done in closed court and with a news blackout which is unusual for adult cases in a magistrates courts.

not sure how to read this is it a case of sfo cant get the big fish so small fish will do? and i am not worried about loosing contracts over this as the country's we do business with are not adverse to bribing. the thing that pisses me of is the treasury gave the sfo a special payment for this investigation which is unusual in other words they can kick the tin can down the road for longer .

sorry babbler2 my turn to wake up. brownadder were are you seeing short covering on ig.

babbler2 how are you seeing this on ig

the problem we have is if the oil price is low it is perceived that there will be less contracts for the service sector ie pfc/wg. also usa is a swing producer of oil meaning when oil goes high they produce more and flood the the market and when it.s low oil prices they just self sustain. but regarding less contracts that's should not really be the case because oil company's many of them have ageing refinery's which need investment regardless of oil price.

this reminds me i had a row with a broker once because they were lending my shares out for shorting without telling me it,s worth checking.on the other hand tradestation will pay you to lend out your shares.remember shorting creates liquidity the stock market would probably be quite flat without them.just my non biased opinion.

short selling wont show up on the buys and sell data as they do not own the shares.

wake up gell take some more meds

nice move by fb tightening the noose so no one else can buy us. would of been better if they would of bought some shares just another whale playing games with the minnow

yes you need a cfd account but remember you will get a daily libor charge for holding the stock at -0.46729 per day. and yes as the man said? i would not do it now on evr you are now in a buy zone. i normally use it as a hedge and lock in profit but i use it on aim stocks because they are so manipulated.

said it would get here in the end lower than i thought but never mind so closed out shorts, and now it's time to buy well done to those that done the same you have now gained yourself free shares with the extra cash welcome to the world of aim .oh and if you post about shorting a stock you will get called a liar by certain posters who cares i don't . but the truth is they have not got the balls to do it themselves.

sit back relax bold statement pfc 600p end of week decided not to look at sp since Monday or bother with news but it looks to be doing ok from seeing it on here. yes i forgot it shows it on here der.

this might help you value your investment scrap value. Copper Wire (Dry Bright) £3,000 - £4,500. Cable taken from PVC wire with no plastic.
Copper. £2,600 - £3,600. ...
Braziery. £2,300 - £3,500. ...
Brass. £2,000 - £3,000. ...
Household Cable. £900 - £1400. ...
Aluminium. £400 - £800. ...
Stainless Steel. £500 - £800

i no what your talking about and if i am relying scrap from spain to hold my investment up then i am in trouble. this is the worst performing share i have ever had.it might be worth while finding out how much metal the company owns in total because that might end up to be were investor value is never again will i get involved in these poxy aim stocks.

why are you all talking about some crappy scrap metal who cares i did not think my investment hinged on some scrap.

Petrofac increasingly targets project management activities in the refining and petrochemical industry.

The company’s backlog has halved since 2015.

POFCF’s revenues and earnings declined in 1H 2018 following phasing of many lump-sum projects.

The crude price fall can become a concern for the company’s recoverable asset pricing.

Petrofac’s cash flow from operations is negative.

Petrofac has challenges ahead
Petrofac Limited (OTCPK:POFCF) (ADR: OTCPK:POFCY) provides engineering services including conceptual and feasibility studies and front-end engineering and design (or FEED) for onshore, offshore, and downstream energy facilities around the world. The company is making strategic changes in response to the energy market environment. Petrofac is aligning its assets into various project management activities in the refining and petrochemical industry. Its backlog has shrunk considerably over the past few years. The company is trying to clean up its leveraged balance sheet by selling assets. The fall in crude oil price can result in further impairment charges. In 2018, Petrofac’s stock price has decreased by 7% and has outperformed the VanEck Vectors Oil Services ETF (OIH), which declined by nearly 46% during this period. OIH represents the oilfield equipment & services (or OFS) industry. Petrofac is likely headed for a slowdown in the short-to-medium term unless crude price improves dramatically.

How does POFCF’s geographic growth pan out?

Now let us look at how the industry drivers played out in the geographies Petrofac operates in. In the Middle East and North Africa, upstream operators are utilizing more oil-rich resources to maintain the stated spare capacity. Saudi Arabia, however, is planning to increase natural gas production capacity. With a commitment to increase natural gas usage, Algeria presents a growth opportunity for Profac. In Algeria, Petrofac commissioned the Reggane natural gas plant and the Alrar plant in Q3 2018. I have shown in the above chart how international rig count has steadied in 2018. The data is taken from Baker Hughes’ rig count.

Saudi Arabia is POFCF’s second largest revenue producing region, accounting for 12% of its 1H 2018 revenues. The company has an EPC contract in Saudi Arabia’s GCC upstream project, which is worth ~$580 million. In Saudi Arabia, the integrated energy giants are making an increased allocation in the downstream, i.e. in refining and petrochemical operations.

In Europe, POFCF’s Engineering & Production Services (or EPS) segment is anticipating a recovery in brownfield opportunities, while the E&C segment seeks offshore wind opportunities. It is forging a partnership with other equipment manufacturers to bid for both high voltage AC and more massive high voltage DC transmission opportunities. In the U.S., the company is pursuing operational maintenance opportunities in the Gulf of Mexico.

Why is downstream the new focus for POFCF?

As disclosed in the comp

i have no problem with policing but it's when they just go fishing and kill companies sp. and when they get it wrong they just move on.i was doing some research on my american sites and they done a piece on pfc which is rare and one of the yanks had this to say!The Serious Fraud Office inquiry killed this stock - causing it to fall from about GBP 9 to GBP 6 and it has never recovered, even when oil spiked. And not sure I ever even read a conclusion to the inquiry. So do we presume the SFO found nothing? Having absolutely killed the company's share performance , the SFO just walks off into the sunset? Seems very unfair indeed. i will post full article for those interested.