Member Info for Ammu123

It’s not about why wouldn’t you. It’s shows that Petrofac needs and qualify for covid related support.
That tells me company is financially struggling big time...
Question is why do you need additional liquidity if you already had 1 billion ?
Defo payment issues, low margins

Excellent close!!

No company I follow has applied for the CCFF loan not even WG so not seeing how its such a no brainer to take it. Maybe PFC just have cashflow issues or are expecting them due to lack of contracts or other one off costs they expect to incur.

-Expected loss in the region of 150m++ to be reported.
-Bribery case
-Loss of orders/ cancellation
-Potential fine
- additional lending/debt facility requested?

*don't tell me

MrC don’t you are planning to dump this before 4:30 hahahahah

Come on AB give us something positive for once.

Forward placing ?

Good luck all.
Hope AB won’t disappoint us...

Probably explain why sp was red all day with Ftse up.
Sub 100 today ?

Not good

Anyone’s who’s got a different opinion is a shorter lol...

From the last trading update :

Group trading

Financial performance in the second half of 2020 has continued to be impacted by COVID-19. In addition, lower oil prices coupled with the uncertain near-term outlook have resulted in a wide-ranging delay in the award of new projects across the industry as well as in a more challenging commercial backdrop. As a result, management continues to expect to report lower Group revenue of approximately US$4.0 billion and full-year profitability materially lower than in 2019.

Bribery Act:
The Act introduces a new offence of failure to prevent bribery. Any company which does business in the UK will be itself liable for any bribery carried out in its name (whether by an employee, agent, introducer, joint venture partner or other representative)?.. anywhere in the world.

Bribery Act:
The Act introduces a new offence of failure to prevent bribery. Any company which does business in the UK will be itself liable for any bribery carried out in its name (whether by an employee, agent, introducer, joint venture partner or other representative)?.. anywhere in the world.

Ultimately it’s company responsible not individuals....

Best wait to see the result and evaluate whether it’s a good buy ?
Losses expected to be 100m++
Potential fines 400m?
80p could be a decent bet but I’ll wait for downbutnot out to buy first as it normally drops another 10-20% when he does...

Nah I’ll wait for the results on the 24th.
Doubt the market will like the losses to come.....

Is a seasoned investor/trader. If he reckons it’s going sub 100 then it’s defo going sub 70...

Here kitty,
I thought you blocked? lmao...
The kitty woman can’t be trusted....

80p is the vital support. Break that we onto 50’s