RE: Wary buyers16 May 2018 06:44
Agreed Pokerchips. Since 2014 it�s been difficult, little profits, sometimes negative and the operating margin last year of 1.6 % ideally needs to be over 10 % again. Which will take some time.
However we all know oils been a pretty depressed market during those times. If this had no SFO investigation The value of PFC today would probably be at least 12 quid. Im very bullish on oil outlook if oil keeps climbing and market conditions continue to improve then your looking maybe 15 quid a share, take the sfo fine and your looking at 1-4 quid to come off, leaving 11 quid ;)
PFC Have rode the troughs last few years now it�s time to peak. Let�s hope for a nice AGM with a juicy contract win end of the week.
GLA