Member Info for Ant1986

Could be an explosive day!

Anyone know how much LIT stands to gain from a successful Greenx outcome? Is it as much as a third? They stated they have claimed for £700m! Even half that should see us return a large sum? 68p year low and chairman buys £280k shares is noteworthy.

1 day's volume is approximately 15 million. On news it was 60m. Total we're now worried about = 30m or £3m of equity. Debt facility is £100m. One £1.6bn contract at 20% is £320m. Investment in plant is £77m.

Can you even remember the equity size now?

Total peanuts. Even 15m would pale into insignificance against the contract and events here. The whaling going on is incredible for such a tiny RNS.

Apologies, A$50m.

Nice rise, today, company seems to be way under valued at £89m against cash of £50m and expecting £200m from Poland ruling. Is that correct? Seems nuts.

https://www.marketscreener.com/quote/stock/PETROFAC-LIMITED-4005555/news/Kuwait-Clean-Fuels-Project-wins-double-for-Petrofac-at-the-MEED-Project-Awards-2022-42420513/

Looks like we'll see another RNS/news on short close - 14m volume means there was a significant buyer and seller, today.

Yes, they will have transferred in my view, at a set price.

Clearly the shorts have enjoyed this. Still a LOT of volume unaccounted for today. Fingers-crossed it's some of the shorts closing.

To put £50m in higher up than today, I would imagine they are pretty satisfied with proceedings.

Some are totally overlooking the general tone of the RNS too - "heartfelt thanks" - it's not cold and corporate.

Think we'll be pleasantly surprised with update later in December.

Takeovers and rockets aside, it's probable it's being pinned down to allow shorts to close in an orderly fashion. I would imagine there has been an agreed transfer/bottom agreed between the new 10% holder and short holders.

Should see 100p plus again pretty soon.

Agree, feels like they are desperate to pin this down, what's occuring?? Bid?

Think people caught still asleep here, 10% holding RNS and only 2 pence up from all-time lows.

I see it now, closed short into their buying. let's see how we close now! That's a doubling/extra £25m stake (£50m total) now. Big vote of confidence.

Certainly a good time to buy, given share price and market dynamics.

Pretty certain we saw part of a short close with that million buy. Price wouldn't budge and could see bid/ask flickering as transfer was taking place. Other very lumpy trades reported to. Expecting a decent bounce tomorrow.

Oh he's back, Tony the friendly ghost. Good sign it's time to buy.

Looks like a short partially closed today - will see on Monday. Two weeks until update. Good weekend all.

Is just £495m

It's tiny. And surely the energy companies, in the UK at least, have to invest in growth and not continue to cream off the top? Hence windfall tax now sitting at 35%

At least...

Is there a point this is taken private or sold? Not really sure why it's listed? Cash rich, recent share buybacks, growing numbers, undervalued - all add up to a good T/O option?