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BN56 and all - good points mate.

I do not think it is right to go after PFC anymore as they have shown they are trying to turn things around.

The biggest issue has ALWAYS been the shorters - they have been in PFC from 2012 - thats 13 years ago!!!

Look at the amount of damage done. I want these legal firms to go after the shorters and anyone else that is constantly making them profits and sharing the corrupt gains they make under the table.

This is not a direct PFC issue anymore - this is pure market abuse, which is somewhat out of PFC hands!!

Hi Harry44.

Strongly agree with your last paragraph and good post too.

"I could also imagine that Apollo and other player have already proactively (plan B or C) instructed the short-sellers to manipulate the price of Petrofac into the 40p range."

I also feel that we will not be allowed to get past 78-80p, until the shorters get new positions (based on current positions). They are constantly being supported and that is market abuse.

I hope you are right Dark_Knight. I would love to see this SP rocket to 250p, and then to 300p, 400p.

They will make a cheap offer and that will start off badly with PFC board. So if they have learnt anything then they will play it right.

I also think while the shorters are in the 60s and 70s, we will struggle to get to the 80s. We should be seriously concerned about this repeat pattern.

At 1.50p (like-for-like) increase, the shorts will deffo feel that.

I am keen for a positive impact on PFC - not like what happened with Wood and THG.

I had a strong feeling SP was going to 67/68p again this week!!

The thing is Wood group and THG both felt bids were cheap and waste of time. PFC unlikely to accept anything less than £5 per share I think because they will go by what was the original trading price. Plus they have made a lot of progress which will add to their argument of why they can't be valued same as Wood etc.

I do want this share to jump to £2+ and stay there, but, no games or cons by PE's or anyone else!!

Great post Harry.

PFC has been training up graduates and expanding skills in Oman (and Gulf region!). Hopefully this does lead to PFC getting more green contracts!!

Wood Group crashed today. Wonder if Apollo had a long trade before they made the offer?!!

Dark_Knight - you are 100% spot on.

This is why I keep drawing to that same conclusion - who is setting the price and why?!?

By today or by Monday/ Tuesday we will know what was the cause. I believe it is short reduction.

That would be great MD.

But I have noticed that these shorters don't leave each other behind. I am fairly certain they are (all) working together or have to work together because the power of buyers/ PI's would significantly outweigh them.

If you look about the price movements vs. positions taken vs. RNS/ Deals News - it does not tally up one single bit.

Also, I am thinking the shorters want to be reducing their positions - astaris is most likely going to have to do something very soon, if not already.

Yes, Maverick.

Hoping for a strong 70 plus finish today, ideally 72p would be great finish to set-off next week.

Hi Maverick - thanks.

Just curious, is it mandatory for these orders to be filled? As in, just because someone with enough money wants a particular price, despite the fact the SP has moved 13p / 14p away, they can still sit-back and relax knowing someone will manually bring the price down just so that person/ group of people can get a nice low price?

Well Maverick - as long as there is NO IMPACT to shareholders or long positions of PFC, the £2.20+ is extremely welcomed by everyone that is a investor!!

100% DW2016!!

Something is definitely not right!!

I knew something was up when we started moving down from 76p /77p!! A lot of us were expecting 70p range hold and moving to 80p range, on the basis off everything that has happened; TenneT contract, 2022 closed, EPC contract!!

The shorters were so far off the mark to make money with loss position and now within days they are back to a lot of profit position.

Very well said JG68.

I think the real issue is WHO is setting the price and the them manipulating the prices. Otherwise, the shorters are just like everyone else, taking a chance and hoping for a direction in their favour.

12% drop in 5 working days - on no negative news - really??!!!

The MM's should have kept this SP well in to 80p range and going to 90p now. On what basis do they think it is worth this - that is the main question!!

Why the hell is it in 60p range - most of the analysts expect the SP to be well over £1. The fact that big contracts don't hold the price, we should be questioning this.

There is confidence in the company so the why is the SP not being reflected on this point of view. Just because the shorters haven't made their money??

There is NO WAY the shorters can tell the future - so how is the price always getting to what they need to profit!!

Funny how we are near the 'fair value' of simply wall site- 65P!!!!

Funny how the shorters kept increasing despite big contracts coming in.

NO ONE KNOWS THE FUTURE - SO HOW ARE THESE LOT ABLE TO GET THE PRICE TO WHAT THEY WANT ALL THE TIME????

I see buys and buys, outweighing the sell, so how does the price go down when the demand is clearly there.

We are to believe that sell has more value than buy?? This logic does not apply to other stocks, so what is so 'special' about PFC?!!

Thanks, Maverick!

I think the frustration a lot of us feel is that the sells (no matter how small) seem to make MASSIVE difference and the BUYS (no matter how big), does f-all. That is not the logic of a free-market, and this has been happening for a long time.

Everyone knows value in shares is from upside so when such strong demand is there, why are these FDH's doing that.