Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
Delayed news by IR - what is wrong with them?!! Is the support level around the 50p mark??
https://www.petrofac.com/media/news/petrofac-supporting-uk-energy-transition-through-new-decommissioning-contract/
So who is REALLY selling? Buyers buy for profit not for loss...
The only reason why this is going down is because some people are setting the price this low. The shorters are in PROFIT this week, especially last 2 days!!!
Every other stock is maintaining good price range, with some drops here - and there that usually good rationale.
But PFC always goes to where the shorters have an open position - ALWAYS!!!!!
I am supposed to believe this is just market. 100% this is not market, if it was, then how do other companies do well with good news. PFC is being manipulated over and over again!!!
Keen to hear if anyone can help me understand how NEW CONTRACT awards for two days in a row sees the share price going down to range it hasn't been when there was no contracts?!!
HI Maverick! Long time buddy.
I would really like this to go to £1 plus soon as possible. I am not sure why there was 16/17p drop recently; it was too big in comparison general market movement.
I hope this is not some sc**my plan to reset price so new awards coming in will only go to 80p or maybe 90p range then MM/ shorters reset the price again?!
I think PFC is not being given a fair opportunity to be what it can. It would have been well over £1.50 to £2.00 by now.
Is this drop in past few days purely to help the shorters profit/ get out with loss?? Have we seen this before - drop with no rationale??!!
Cidatel LLC is gone below the threshold or maybe realised it's time to close out.
Hi StockBuster.
It's hard to say what price PFC could achieve. We are not just dealing with a stock that is free-movement. There are a lot of people trying to hold this stock back.
But, the chains will release soon and it could be a highly retrained spring. As for price... some thoughts;
1) £2 to £3 on genuine takeover news is probably like price range.
2) £5 takeover and continuation on strong strategic direction on the promised pipeline.
3) up to the high trading days - £10 - £20: if they can design and build proprietary assets/ solutions that make green energy cheap and affordable for ALL parts of the world.
I think the last one is the race they are all trying to get in to now. That is the real future of growth for most companies, not just energy sector.
Indeed - DavidW2016.
Honestly speaking, I didn't know or think PFC had made that much impact based on what we see news wide. It's only these instances we come to know, but this is an Awards, so tell us what you are really doing in the background because that usually means there is a lot of work done to build up to the Awards etc.
Middle-East is starting to lead on sustainable life. Not just energy sector but quality of life too, and how they want to live. Being an engineering firm, they can easily go beyond just oil & gas construction - they have assets and skills to upscale.
That would be my 'blue-sky' thought for PFC.
Https://www.petrofac.com/media/news/petrofac-receives-the-gold-seal-for-creating-sustainable-impact-in-the-uae/
Petrofac receives the Gold Seal for creating sustainable impact in the UAE
Petrofac has been awarded the Gold Impact Seal for delivering on our sustainability strategy in the UAE. The Impact Seal is the country’s official federal recognition that certifies, measures and rewards entities leading sustainable impact practices aligned with environmental, social and governance (ESG) criteria, the UN Sustainable Development Goals (SDGs) and national priorities.
The award of our Impact Seal highlighted areas of excellence including the alignment of Petrofac’s procurement approach with the UAE’s national objectives and driving in-country value. Advances in new energies and digital solutions to overcome sustainability issues were also commended, along with our approach to promoting innovation in the workplace.
We have some how come back to the same price range as just before ADNOC contract. How is that even possible? There is only one answer now, as I had mentioned last week. There is no reason at all to back in low 70s!!!!
Re: 4.644m share - I think GLG and/ or Millennium took out new positions, or some of the others are reducing...
The ADNOC contract should be seen a clear sign of confidence that the last leg of uncertainty is not in question anymore. To question the timing of events and awards, one has to look at was it just by chance or a company that is now fully capable. ADNOC think so, and so do their other customers.
We should be heading towards the 100p in due course (hoping within a month or two), and then after we are back to where a lot of people hesitated. To those that were able to buy and hold in 50's, 60's and 70's onwards - good job - it will pay off in the (near) future. Confidence is the key in this business, backed by sound company fundamentals.
I still there there is a contract from Saudi to come; Aramco is my mind.
After all the latest news and contracts, if this SP still hangs around 70p range or even mid-80p range, then we know for 100% fact that there is abuse of market going on. We should have been in 150p plus as at todays news, plus all prior news and awards.
Great news!
I was talking about ADNOC on Monday this week with fellow poster - Sm66.
In fact, I actually had a dream about it on the weekend gone....
Dreams can come true after all?! lol
Have a great weekend all LTH and Buyers!
I was thinking the same thing on the weekend Sm66 - they also said a lot of work is initiated from Sharja hub, so ADNOC is lined up well as per the past.
Takeover would be amazing if the share goes to £2+ , Maverick - hope you and others are right; we need a lift off.
Probably see some short positions change between today and tomorrow.
I still have this feeling that PFC are closing off some big deal(s) like TenneT soon, which should set this stock to where it should be - well over £1.50. That said, I think we would have been there already based on all the contracts, news and events.
Although TO might not always go well, I do think it could be our best option to seriously take PFC to a new price range. If WG is anything to go by, then from 70p range to £1.80 to £2.50 (on news of TO) will wipe out most of the shorters. This will then get us back to pre-summer last year when things were moving along at steady pace.
Just a thought as many have said similar...
This is great news, but what I think we need is a jump of 15 - 20p - that way the shorts will be forced to close and/ or will find it harder to bring down SP (as it has been lately) and most likely will have to take out new positions or default/ margin call. At present they (shorts and others) are able to manage the 5-10p upward movement to their price range.