I agree with Happy.
There are plenty of Stocks out there that are going to make huge future profits but are at all-time lows.
Better to pocket 55% ( on February's price ) quick profit and move on.
Never wise to get emotionally attached to a Share, which long term holders seems to have ignored.
At the end of the day the acceptance of the offer will depend on the large Institutional shareholders, not on anyone on a chat page.
I think in the current market 240 p is going to be enough for them to push it through.
Petrofac Ltd, down 5.1% at 75.00p, 12-month range 45.38p-161.20p. Jefferies cuts Petrofac to 'hold' from a 'buy' rating. It also cuts its price target to 70p from 160p. In the last twelve months, shares in the energy services company are down 28%. However, the stock surged around 70% last week Thursday, after winning a wind farm contract alongside Hitachi Ltd.
Should read...
After winning a multi- billion Wind farm contract, the highest in its history !
probably Thursday but late reporting....
According to Share Tracker another ( at least ) 3.73% yet to close theirs....
https://www.shorttracker.co.uk/company/GB00B0H2K534/
The fact that there is an extension suggests to me, they are close to a deal, and they need to substantiate due diligence before any announcement.
The fact that the last announcement did not include a disclaimer, that it was made ' without the consent of Apollo ' looks also significant.
IMHO