Member Info for alto1

H,W! who do you trust more in judging if a company is at risk of bankruptcy an analyst or betfred with millions on the line.

something will give but i can't see poker face putin giving in first. they cant survive on these oil prices Russia need $45 to break even Saudi $75 so i cant believe they let it go this low it costs more to ship than what it is now. but this is all about putting a noose around the shale industry's neck but i don't think it will work short term yes but they will come back. the problem is a lot of US shale company's are hedged at higher prices the ones that are not will vanish. on the plus side cheap oil is very good for some company's examples Goodyear tyres 44% of cost is petroleum/ turtle wax 33% the list goes on some will do well out of this.

jaff oil is dropping is doing the damage to sp on a bad note bp just slashed it's oil investment by 3b on the plus side it also cut it's oil output by 70,0000 boed. lots will follow and a lot of shale company's will go under i have no problem with that as most of the ceo's are just Crookes they just keep borrowing and diluting shareholders value this will end up a clean sweep and a decent oil price the strong will survive.

it would not be wise to cancel dividend just before ex date i think this will annoy investors more but they can do that. i don't get why they just don't put an covid 19 update on this matter just kill the rumours. know one else seems to of waited for there AGM'S to do this.

i think oil dropping is causing sp drop but this is confusing the agm date overlaps divi date most company's have just done a covid 19 update and in that they say they have cancelled dividend. just give us an update ya or nay why wait no one else has.

can someone help me out here why are some assuming that we have to wait for the agm to cancel dividend when the board can just take special measures or am i missing something thanks in advance.

investors will always be divided but the end result should always be the same survival of the company and more cash to hand will help. we have low oil prices and the last thing company's are thinking of right now are building on there infrastructure this could last for a while. of course you could take on more debt for these hard times but that would dilute the share price anyway and would have no return to ROCE as it would just be used to service outgoings. for me the dividend withdrawal has to be the first port of call to stage a recovery

The Group has a
robust financial position and has appropriate liquidity to absorb the impacts
of the scenario outlined above. We have an undrawn committed revolving credit
facility of £425m and we are working closely with our banking partners to
enhance our liquidity position.

those flu numbers are correct but what does that matter they don't shut down the economy on a flue outbreak?

looking like we may have found a bit of a bottom now most of the retail investor will be bag holders at this stage. so looking like the trade buyers will be looking to take a positions all good for those that averaged down.

cj you could be right but it's not really about covid 19 it the economic full out that's it left behind.

jaffjoon this is the email for the chairmen of the board agmquestions@petrofac.com. it will be a closed meeting anyway due to covid. to be honest i will be amazed if they don't cancel divi or at least reduce it i am sure they will do the right thing.

jaffjoon as i posted yesterday i to want dividend to be cancelled but some want it to stay but it's a bad idea to pay a 15.50% yield divi in this climate if interested read posts below me and stockdale had a conversation on this matter.

i did buy some at 56p and i sold some at 70.8 but not back to full holding yet?

yes this is true but to much caution can catch you out and so can greed i have no crystal ball. but i do have a 81.5p average i also have another 3k to deploy into wmh which will take it to the maximum of portfolio allocation that i allow. i also don't use a takeover for the thesis of my investments but i see betfred as a real threat. i guess what i am saying is if i go into a shop for an item and am happy with my price i don't barter to get cheaper if it goes on sale the next day i don't moan. but i do get if your day trading then it's all about getting cheaper.

morbox i think online will be flying along esports is going to help. and the fact they have not drawn down on credit facility yet is a great sign. if online is keeping lights on then they may not need to draw down. as for not seeing 160p for a while i think you are under estimating how quick this will turn. i am looking at it this way no live sports but with 80% of retail wages covered i see wmh as 100p just as a virtual games bookie don't forget half the Americans were expected to visit a casino in 2020 some of that will flow to online. bring the live sports back into play? but imagine when this all sorts itself out business rate will be kept on hold the environment will be very cheap for company's to operate some will need this to continue but i don't think wmh will so it's a bonus money will be cheap to borrow. i am not stupid enough to think that company's wont go bankrupt and this is the risk it is all i concern myself with not the share price as i see it as 2-3 years 400p covid 19 market impact won't last forever if it stays with us we will just learn to live with it. the real threat is the recession it will leave us with yes if we get away without one i will be amazed. you can take some solace in this go check a chart for wmh 2008 recession i no it's not the same circumstances but neither was the sp this low and look at the rate of recovery not all company's recovered that quick. oh and my second biggest risk is getting bought out at a low ball offer? 400p 2-3 years with a divi appeals more to me.

Gaming sector has the highest probability of a V-shaped recovery, Berenberg says, maintaining its "buy" ratings on GVC and William Hill
* The broker sees asset-heavy hotel operators as the most exposed in a downturn -- cuts Accor to "sell" from "hold" and Melia to "hold" from "buy"

yes and the more they diversify the better i am sure pfc will come good in the end it's just about how much pain there is in between first up covid infection numbers going down then financial fallout but it's only money. the real hurt is the family's that have lost loved ones.

i just hope this does not put red tape in the way of helping and sentiment towards anything to do do with oil is not great around the globe accept in the states were trump thinks global warming is a hoax fake news. he does make me chuckle he even called covid 19 a hoax when will he learn to engage his brain before he's mouth.

yes they are a good company and the government help will be very welcome but this is another problem denby and could be a big one take note of the first line! As a Jersey-incorporated company, Petrofac does not have the benefit of the statutory protections afforded by the UK Companies Act
2006 in relation to the remuneration reporting regime. Accordingly, if there is any inconsistency between the Company’s Policy (as approved
at any time by shareholders) and any contractual entitlement or other right of a Director, the Company may be obliged to honour that
existing entitlement or right. Formal legal advice affirms that it would be impractical for us to submit our new Policy for a binding shareholder
vote in the manner of a UK-incorporated company. Hence our decision to submit the Policy, once again, as an advisory vote at the agm