Member Info for Cheapsharesboy

y11 you WERE wrong on petrofac this past year. FACT.
I have made my best profits here apart from Marks&spencer share, this year.
First I bought below £1 sold 130-140p range. Then I bought 137p sold above 190p.
I'm in again, under water.
Just like Paddy says - it doesn't really matter as this has been a winner this year. It will bounce back.
You were wrong and will continue to be wrong, even if it takes a few months. I don't care.
You come here only to talk rubbish. Facts facts and facts.

Grabbed a fe at 192.7p.
Watch it sink now!
Haha

Thanks for the negative commentary.
It’s important to hear both sides.
Your comments though are very one-sidedly negative with not much balance just scare-mongering. If you read Alan’s post it makes much more sense than your negative babbling.
You are entitled to your negative view that’s fine though.

lol that is excellent.
I can contribute my savings from skipping the chocolate brownie at pret-a-manger

I just clicked the buy button it quoted me 109.78p.
I thought no it should be less than that.
I placed an order to buy at 109.5p and it was instantly filled. Weird these brokers at times!

Snapper give it up!
You are living in the past.
Get a life and move on.
Do you understand English?
Yeah? Leave then. You are not needed nor wanted.
It’s over for you

I’ve not seen too much about this discussion:
Shorts are gone, short tracker has PFC at 0% shorts.
That is incredible!
There may be shorts that are under 0.5% but there are no big shots left whatsoever. It’s remarkable how the shorts managed to exit without spiking the share price. Obviously the fca would have a case looking at the manipulated markets - but they won’t.
Basically this share is waiting to rally.
Need some juicy new contracts, they will come.
Also need to build the margins back up.
With new funds, executed cost cuts, slimmed and streamlined business, as revenue builds up soon again and the contraction turns to growth again, margins will expands significantly. That will then result in dividend re-introduction at 2023, not 2022 as the funding deal will prohibit that.
Basically this is a 2-3 year bet (for now) on that. Very easy bet I must say. Don’t forget that Pfc has already multiple of green energy deals as well - there will be more of those as well. But the big juicy oil deals will get Pfc moving. Now that the short manipulators are gone, the recovery will be much easier to achieve. Gla all and stay patient! This is very simple now!

Looks like a poor deal.
Paying a special divi could be more beneficial than wasting 1.5B on a website with assets of 50B. Overpayment

Alan - your nuanced post is appreciated.
Comes with a clear sense of someone who has learned the trade quite well over time.
I’m still learning albeit doing reasonably well after a decade of trading sipp and isa mainly.
I’m looking to invest a few k next week, still undecided on the destination but like you say, some diversification will help in the current market. However I’m not a fan of over-diversification. The only reason I’ve been making some profit is a focus on a few trades at a time. But each has their own strategy.

Dow you sinking again and ftse will dump tomorrow.
Tcap will definitely benefit from the turbulence but the sp will still probably dip tomorrow. What I would hope though is that bottom is in.
Along with increased volatility, that should help tcap recover over the next 6 months.

So Dow is selling again!
Tomorrow the ftse will follow like a dog on a leash- down she goes just like the daddy ordered.
So Cmcx, plus, IG are making a killing.
It’s incredible some here can’t see that?
Oh well, it’s not problem. All the best to holders!

There used to be a guy who invested all this fortune in Falkland oil explorers. It was hundreds of thousands…What was his name here??
He must have lost 99% of it!
One for losers this share for sure

So marked decided that the scare mongering went a bit too far maybe?

Hi Gordo - volatility does not need to return as if it's the first wave of c19 as it isn't.
All that is needed is a bit of turbulence which is what we have now.
Also need overvalued indicies, which we got.
Add to mix a bit of uncertainty, volatile oil prices.
I think there is enough happening already to say volumes have increased sufficiently to make a difference.
So defo if it hits 200p I consider that incredible but market are a little foolish at times, and knee-jerky.
I would say now is a good time to accumulate, got enough turbulence for it.

I’m going to hold for the full year trading update which should come around 2/2/22 although there is no confirmed date for this.
I’m a little perplexed as to why it keeps sliding. I’m seeing yield at 12p per share which now gives 9.37% nearly same as M&G which is around 9.47% at its current share price of 190p. If final divi here is 6p rather than 8p - still hefty 7.8%.
I would be tempted to buy more here now but did buy a chunk at 161p and added on 138p, so am down a fair bit on paper. I’m getting some more funds in a weeks time. Will look at the sp then as well as M&G, cmcx and few others. In general uk financials appear under severe pressure post Brexit.

There are folks here like quetta who should not buy shares. If you can’t handle a bad situation you are in the wrong place. Stick to cash savings account and premium bonds. Alternatively, play smart play long. Trade some, hold some, learn to make a profit. It takes years and years to learn. Took me around 6-7 years but in the end you learn the art. It’s a long game. Still after a decade, I would say it’s difficult but it gets easier if you can control your emotions.

Good points karv1, thank you!

This did hit £2 after the court case was finished.
So it will go back there and past. It’s just now waiting for the contracts to roll in. I think it’s all going to happen before end of 2023 - which is when there will be a dividend as well. My case assumes some sort of reasonable oil price of at least $60. And it assumes world is not ending.

Broken clock is right twice a day.
So there is every chance that lots of people are correct by pure luck.
Anyway, well done on being right!
So, it's looking like a good time to buy here.
GLA

I think JD has got the sustainability spot on.
Lot of superdry products focsed on recycled sustainable materials.
I do not agree with the green idiots who blocks roads and such.
But all of us can surely agree that recycling is crucial and brands leading that fight should do well.
They will get positive exposure from it as well.