Member Info for BacchusII

Take your pick and ride the lightning ⛈️

My take of the RNS is:

“Management is considering the sale of non-core assets, and is actively engaged in discussions with financial investors to take a non-controlling position in certain other components of the business portfolio," it added.

That may well include a sale of the company IMO

Why are you regurgitating this tripe every day? Move on.

Https://www.fool.co.uk/2023/12/04/the-petrofac-share-price-just-crashed-to-record-lows-should-i-buy/

Now it’s not all negative here. Back in August, Petrofac said it had seen a major increase in its order backlog. At 30 June, the group backlog was standing at $6.6bn versus $3.4bn at the end of 2022.

The group also said it was “well positioned” to continue growing its backlog and that it had a healthy pipeline scheduled for award in the next 16 months.

However, this backlog growth isn’t enough to get me interested in the stock.

I’m concerned about the balance sheet weakness. I’m also concerned about the level of short interest here. Currently, Petrofac is the second most shorted stock on the London Stock Exchange. This indicates that a lot of sophisticated investors expect the share price to continue falling.

Add in the fact that the company is expected to generate a large loss for 2023, and the investment case is pretty murky, to my mind.

All things considered, I think there are much better stocks to buy for my portfolio today.

Why BellGaryEnd fall for fake news – and four ways to combat it!

Certain factors about the way fake news is presented make BellGaryEnd more likely to believe the lies, a study has found.

https://uk.yahoo.com/news/why-people-fall-for-fake-news-four-ways-to-combat-it-172235066.html

someone here is certainly a weak******* when they buy at 19.79 pence sell at a loss and then just two days later call it a buy maybe at 10 pence.

good grief, delusional.

What a funny ladyman, buying on Friday at 19.79 pence selling at a loss then buying again at 16.74 pence (if remembering…not looking back) and now the company is finished and going bust!

Incredible insight and investment acumen. What’s your source for going bust? Ah…a half pint, a cherry brandy and a finger in the air. Wow.

An economist at a leading City stockbroker has warned that London’s market is “structurally broken” as companies trade a fifth lower than overseas rivals.

Panmure Gordon’s chief economist Simon French said reduced investment in UK stocks had created a self-reinforcing “doom loop” that left them significantly undervalued.

https://uk.finance.yahoo.com/news/london-stock-market-structurally-broken-165141850.html

An economist at a leading City stockbroker has warned that London’s market is “structurally broken” as companies trade a fifth lower than overseas rivals.

Panmure Gordon’s chief economist Simon French said reduced investment in UK stocks had created a self-reinforcing “doom loop” that left them significantly undervalued.

https://uk.finance.yahoo.com/news/london-stock-market-structurally-broken-165141850.html

Losses, yer feckin’ eejit!

Berenberg ensuring it covers both bases because they don’t have any inside information. Making an un-informed statement.

"In a worst-case scenario, Petrofac may be forced to renegotiate its financing agreements, potentially leaving shareholders significantly diluted. Alternatively, if the company is able to overcome this liquidity crisis, we believe the outlook could be brighter and valuation would increase significantly," said the analysts.

Have only 25k of these as a gamble they pull the White Rabbit 🐇 out of the Top Hat 🎩

ROLL over PET

How can £13million of value be knocked off in a day with only 2 million extra shares sold £380,000 worth!

Incredible!

Exactly.

63% down in a month

48% down in 5 days

17% down today

Brutal

Gamble on this now being oversold even on bad news so bought at 18.35 pence to see price dip below 18 pence….doh 🙄

A large order of this magnitude would have been settled at a premium i.e. BUY 22.04 resulted, most likely reason, in this transactions BUY SP of 22.8092p

I reckon some small PI sellers to pay for their Black Friday purchases of MyProtein, maybe some Xmas presents thrown in.

Numis has issued a SELL on THG at 50 pence.

….funny that we know the rough bid price. One day Rodders the Apollo‘s bid price will be known!

Nice put down, love it again 🙄