Member Info for Ant1986

Shift!

When does this sector turn?! Nuts!

Though I've doubled Wood Group pos today, totally crushed down on account's delay.

Just an excuse to crush the prices have doubled this morning!

Gift of a price!

Thinking a bit about the takeover prospect here and it does stole me that it's possible. Not sure why ii's are stepping up their holdings at present and there was more big buying this week.

I wonder if it will happen before trading update or before full year results.

10x earnings is a very modest valuation at present and would expect 12-14 for any half decent listed company like this appears.

So I believe undervalued and ripe for a takeover, either of which should add 30-40% from 107p.

No doubt mm will take the **** post tender, especially as confusion sets in before buybacks.

Someone bought/sold nearly 3m shares on Tuesday - are we not overdue an update on holdings?

Given contract win, lower pension fund contribution and new holdings, I'd expect a better reaction this time. Back to 130-140p. Very beaten up last time for a profitable company with quickly reducing debt.

Even cheaper today. Bargain! Added.

Couldn't be more bullish on rolls at present. Had a terrible couple of years but it's survived and doubled down on vital research that is now hugely in demand. Probably one of the most important FTSE companies going!!

Wasn't ramping when I said £1.20 and what's going on with this takeover/merger??

Haha, woof woof!

The logic is nuts.

Highest energy prices in decades and the companies tasked with retrieving it are on their arse still.

How this site at 103p with the present day demand is crackers.

Wow, this is already happening in other countries, but wouldn't have expected Germany.

Wish work was periodical!

Hold this and Petrofac now. Sector is stupidly low.

https://www.energyvoice.com/renewables-energy-transition/399095/petrofac-boss-tells-supply-chain-it-needs-to-justify-renewables-local-content-targets/

Still in tact's, macd closing. End of this week/early next we shall see a shift.

I would love the end of the war but I don't think it will impact the chronic need to resolve the energy crisis. Should be OK here.

Peace talk progress, oil prices coming down, defence spending, aviation opening, COVID going, nuclear focus AND takeover chat.

120p...

Think this has started to turn, by close of this week we could be back in in the 110's. I know it's not exciting but that would be a solid platform put in.

Couldn't agree more, sweet spot for buying now. 6-12 months this will be 200p. Same for most in this sector - Wood Group equally as depressed, it's not unique to Petrofac.

The company is valued at buttons mate. Interest and inflation might be a factor but they don't do contracts with their eyes closed.

Keep waiting, good luck with your target buy in/short.