Member Info for bonum

I sold my BP (and other) stock to cover my purchases here and for the Dividend / Capital growth prospects mentioned. Along with the other factors alluded to, I think a very prudent move at an opportune time in its recovery back upwards.

":44 Bonum - Fair points but my feeling is that the director buy was an attempt to bolster the lack of decent big contracts." That's the whole point, a 'bolstering of confidence' certainly wouldn't necessitate such massive Director buying - that can ONLY be interpreted as an indication of confidence in the share price materially increasing, going forward. The other factors mentioned strongly underpin that sentiment although another possible associated factor, is that the Management have some 'indication' (shall we say), that a formal approach for a Takeover will be forthcoming, especially given the recovery prospects in the current environment AND trend towards Mergers in the sector. I think we can safely agree that whatever possibilities are realized, the Directors would be much better informed than any of us here, hence warranting such an extraordinary large stock acquisition. Atb

Showing strong signs of a recovery and certainly underpinned by very large, significant Director Buying and continued new Contract procurement. The 'overall' macro economic factors are improving and beyond shorter term fluctuations impacting the constituent factors to said recovery. We've also seen upgraded broker forecasts, reflecting the improving situation at least, pointing towards those early recovery signals and hence greater gains against lower risk for said Recovery. The very large Director Buys themselves reflect a much more informed perspective of the recovery and Company's prospects going forward, than any less informed comments by any of us posters here, imo. Looking forward to an increased Institutional presence in the coming months to accelerate & continue the Upward price trend already in place. Back above 600p in the coming few weeks imo, and trending upwards from there over the coming months. Others may have different opinions reflecting their own trading or other criteria - but I'll go with the Director sentiment on this (being closer to the action with their abundant research resources) and also for the other reasons stated. Atb all

The Takeover speculation I believe has some substance, especially given the magnitude of the recent Director Buys with confidence beyond that, underpinned by the very strong Contract wins. Even if the takeover proves to be not forthcoming (the more unlikey scenario imo), such strong Director buying suggests an extremely confident viewpoint for a recovery of the stock and its share price. A WIN/WIN situation for current shareholders and fortuitous opportunity at current price levels, imo.

A Takeover is also on tbe cards as many of us strongly suspect but we'll see how that progresses in the coming months. I'll be looking to increase my own personal holding level here, with a re-distribution of some of my other Divi paying stocks. Dyor & atb all

The Director Buys were massive votes if confidence, given their very significant size and along with the new Contract wins underpinning the recovery taking place. Good upward price progression taking root now so an excellent growth prospect to be holding imo.

Agreed, I'm building up my dividend paying porfolio and PFC provides an excellent vehicle to facillitate not only a good dividend but also excellent capital growth potential. Selling up my BP holding to transfer into PFC, for a much larger ROI.

n/m

As we've discussed here previously, we really are in a WIN/WIN situation with MMX. The company are making cash generative, growing their market and well positioned in the sector. On the other hand, we also have the ongoing business review - I'm sure that wouldn't be 'ongoing' if nothing was happening on that front. It may be that what's on the table doesn't reconcile to a large enough extent, with the company aim of significantly increasing shareholder value. We know it was originally instigated through unsolicited approaches by various parties. Toby is a canny chap and determined to deliver to Shareholders, whether through an Acquisition/Merger/Takeover or with the continuation of progress already made in building up the company. We're in a WIN/WIN situation with MMX going forward, so comfortable enough with my significant holding here. If my other large holding delivers in time (which Sunday also has a toe in), I'll have no hesitation in putting the funds into MMX. Atb all

Dare I say it, I wouldn't be surprised if they already have a very strong intimation ('know') that a 'formal' takeover approach will be forthcoming in short time. That would reflect the consolidation that the sector is seeing and will continue to see. I'll be looking to increase my overall holding here in stages - Interesting times ahead for shareholders of Petrofac. In the meantime, Contract acquisitions looking good.

A Takeover is indeed what I expect. Atb

Based on retrospective performance in a very depressed sector specific environment. Again, my focus is on Shareholder value going forward, from current price levels. I don't believe for an instant that the magnitude of the recent Director Buys, would have occured if those views were not shared at the highest levels and based on much clearer insight than posters on a public duscussion board can supply. From a much more speculative perspective, hence not going to discuss the rational, I would certainly not be surprised to see a Takeover approach once certain other issues have been cleared away - note: this is very speculative, albeit an outcome which I believe will play out. dyor - atb all

The 'sector specific' macro environment, accepting a wider global impact, has been particularly hard in the preceeding years, with better underlying conditions going forward beyond specific global developments at the moment. Your points (primarily) are taking a retrospective viewpoint which reflect the Company's performance in light of that, with the impact of current global conditions taken into consideration. I'm looking very much at this as a recovery stock going forward, that being the key point and over perhaps a longer timeframe tban you may envisage yourself. I look at stocks for capital growth in that way, rather than predominantly retrospectively and have done extremely well with such an approach to investing. From that perspective and it would seem shared by key Management, who have a clearer insight and better research resources than either of us, this shouts out as a very strong Buy indeed for said 'Recovery' from current price levels. I'm not a pure play 'value investor' and see Petrofac as a superb buying opportunity at these levels. We shall agree to disagree. Atb

That's why it is such a Strong prospect as a recovery stock and delivering significant shareholder value / dividend yields going forward.

Look at that in the context of the Macro economic environment signifcantly impacting the sector over the preceeding timeframes. The recovery alluded to is underpinned by a marked and ascertainable bouyancy within the macro economic environment, hence I suspect such strong confidence by the actual Management of late (who will have specialist research resources at their disposal) and the robust new Contract stream building up. Certainly expect those broker re-ratings to come in as well as an increase in significant Institutional inward investment. Atb

"Damn �missed an early opportunity to load up some more on the cheap." It's 'cheap' at these price levels, given the aforementioned points underpinning the Recovery / Re-rating due. dyor etc.

"When did anyone with a grain of sense pay attention to the opinions of brokers?" It'll influence Institutional Buying for sure, especially given the previous price drops and downgrades with a platform now set for a major recovery and Upward Re-rate. Renewed Institutional Buying should heavily impact that expected price appreciation.

Agreed, looking good!

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/PFC/13588394.html

The largescale Director Buys are probably a solid indication of where this is likely to go and good to be holding as the growth plays out. dyor etc