Member Info for BacchusII

RNS Monday stating a £300M bid at 60 pence a share would be awesome (for those short term holders, sorry LTH) and hopefully shatter most of the Shorts profits.

Happy Sunday dreams!

On average trading volume, so far, the rise is suspicious 🤨 leakage maybe. I’m happy as this rise has paper paid for my share punt in Petrofac at 19p average.

Still hoping for an eventual bid or MBO here at anything over 170p. Don’t want to be greedy 🐖

No.

Be fearful when others are greedy and greedy when others are fearful.

It is always better to buy a good stock at a bad price than a bad stock at a good price.

I wouldn’t want to be out of these shares over the weekend.

Oil Pice is UP!

Since news articles love to tie Petrofac SP slide to the price of oil MUST be a blue sky day for the shares today. ☀️

Smells like a small leak pushing the price up from this morning but they don’t want to over play their hand. Fishy!

Agree, any good news on dealing with balance sheet issue the SP will spike big time.

GLA

Are you the delusional One who sold at break even under 70p to then see the SP rise? Sour Puss.

Another 0.33% taking the total Shorts to 8.83%

Just like some of the Rampers were saying, “Shorters will be running for the Hills!”

Yeah, right. Hype to entice the unwary PI.

Well the Rampers were so right that the SP would be pushing 24-25p by close of play I expect they have nose bleeds 🩸

As soon as you get a few clowns 🤡 who get into the SP probably over 22p, they post constant rubbish about Shorts etc. complete diatribe.

Then moan constantly everyone is Shorter, Day Trader or whatever but the truth. You cant Handle the truth!

Another constant Ramper on no news! Why has the share dipped 7-8% today and not gone up eh?

“it [SP] goes down but it also goes up”

BUT

“ it goes up but it also goes down”

Calm down and take a chill pill 💊 .

Exactly my point on not banging on about Shorts closing by some on here. They don’t need to close with the SP at these levels and they will have their own agenda….i.e Petrofac may not secure the balance sheet cash by 20th.

You decide.

Short holders (apart from small PIs who don’t know what they are doing) are not quaking in their boots and are not losing sleep over a slight recovery in the SP. Neither will they be clambering to buy back just because Petrofac have put out an RNS stating what they doing behind the scenes. They will make a decision based on their perceived risk vs reward. Most are still in big profit territory, so calm down.

Only an actual change for the good will make a real stampede. It’s not happening.

Yeah. I can trade Petrofac on Lloyds but not other shares. Maybe a buyer for Petrofac filling an order.

The fact that Petrofac shares were trading at 87p after good contract news and then fell to 14.5p, in my view, shows that someone knew in advance the problems of advance payments shared it, others then jumped on the bandwagon thus pushing the shares to the all-time low.

The problem is finding out who.

The shares, in my opinion, have two ways to go, but both are up. A bid or a sale of some assets for the short term balance sheet improvement as Bloomberg stated. It’s a win win!

Nice one Gary, your comments duly noted by the share market and SP has risen. Good lad.

Petrofac is in talks to sell stakes in parts of its business as it seeks to tackle a cashflow crunch.

The troubled oil services group lost more than half of its stock market value last month amid growing concerns about the state of its finances.

However, the shares started the week by jumping more than a fifth after it said plans were under way to tackle the problems, despite admitting that it would no longer meet a previous forecast of cashflow neutrality this year.

https://stocks.apple.com/AeBc9T3YdTqSMYS2tysrb-A

Early sellers this morning probably throwing their toys 🧸 out of their prams now.

More sellers after the rise to 22 pence probably selling in relief 🥲

The SP could easily be back to 40 pence end of the week IMO.

GLA

You would be making a paper profit now Gary. Oh dear, your prediction of 10 pence has melted like your brain will be now!

The late comers are panicking and trying (crying) to BUY BUY BUY

Yippee