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Some hardcore, diehard posters here. Share price slipping all the way from 80p to 16p and people still kept the positivity here. Very disheartening to see this share still falling whilst most of the market flying. Hope to get back in when or if the tide turns. I do respect the posters here though. Glh
price/earnings ratio some way above the long-term average
Petrofac key facts:
Price/Earnings ratio: 17.0
10 year average Price/Earnings ratio: 9.1.
This in other words are we overvalued? Disappointed sp still here after oil been surging through the Christmas holidays.
https://www.hl.co.uk/shares/share-research/202112/petrofac-trading-as-expected
I still hold and £1k down.
To yesterday's close.
See of blue trades today. Retail offer shares already in the account and topped up/averaged down early this morning. Added £1470 to my £4k. Load up while you can. Lithium will be back into focus in the new year surely. Glh
A recent link
https://www.ii.co.uk/analysis-commentary/chart-week-petrofac-share-price-boom-just-beginning-ii521497
Received my full £4k subscription. Feel sorry for existing holders but this is relatively a small placing at a big discount so sp might bounce back soon. It seemed placing price been worked out in favour of IIs. Nonetheless this has 5he world class lithium resource, placed well geographically in Europe and close to tesla's giga factory. Glh