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Pokerchips - keep calm and carry on with the good work.

The bit I don’t get is why Lucy bothers to wind up the BB when she and we don’t know what the SFO know in total and we / she don’t know exactly how the SFO would calculate a fine (with all attendant considerations) IF a fine a appropriate.

Makes her look like the smelliest thing in the world.... an anchovy’s .....t@@t

And, we all hope RR can sort themselves out - I’m a chartist and have a good feeling for a medium term x2 in that - but nowhere near the rise PFC SP rise in the short term.

Over and out...

Completely agree, Pokerchips. Good job, Paddyboy1.

I’m feeling pretty confident on the results - actually, can’t wait to see some news, good or bad (but much more confident on the former) - and then a decent uptick on the SP.

The shorts will be ****ing themselves...

Have a good one.

Bought 10k shares at 110 today. More buys to follow..

Pants down for the shorters...... only up from here

Paddy - I echo what Bransonbull said. I was put onto this opportunity a couple of months ago by my shares guru and after investigations have gone big in my ISA.

Today’s nudge up was a big confidence-builder (as I was well under water too but in the green now). Your defence of the stock alongside Slift, Pokerchips and others has been very helpful and, whilst I missed a lower entry SP for the 2021-22 ISA yesterday, I will still invest in PFC tomorrow.

You were right, yesterday, that the price would go above £1 this week - the Releases today helped - but I’m intending to hold for many months in pursuit of £7-8 SP with a fair wind on the various rehearsed issues).

Anyhow, feedback is always good and IMO you’ve done well. So, that is a mill.

Sharefall, grown-up post. Completely agree. Nice little nudge today. Got a feeling that we might see more tomorrow. ATB

Steady on DT... we all need to top up our ISAs before the price rockets.....!

Interactive Investor has the results due at 14th i recall but again how do they know. RNS must be out in the next day or so if either of those are anywhere near correct.

And, Paddy, who owns c.37% of this company.... He / they won’t let it go bust so... it’s only a matter of time before the SP rockets.

My ISA funds will go in to PFC tomorrow.. only wish Jonny Du Du was right on 78p as I’d get a load more!

Instead, SPs been green for a few days now... might see that trend continue towards 3-figures by the end of the week.

Remember the RNS... trading in line with expectations.... not long to wait now

GLA

ii are indicating Annual Report and Accounts release on 16th April 2021. Anyone seen other sources confirming that date?

Paddy - I’ll be doing the same with ISA (2021-22). Expect big rise in SP on 6th April....

Let’s recall 16th Dec 2020 release headlines when reviewing the nonsense on 78p SP....

Petrofac issues the following pre-close trading update for the year ending 31 December 2020.

Trading in line with expectations for 2020 in a difficult environment

Challenging market conditions mitigated by swift actions to protect margins and conserve cash
New order intake (1) of US$1.4 billion in the year to date reflects broader industry dynamics
Liquidity of c.US$1.0 billion at 30 November 2020
Taking additional measures to increase 2021 cost saving target to c.US$250 million

Josh - SP might drop on results or it might not. We (all of us just can’t 2nd guess what will happen).

But, if it does, that’s even more reason to invest for growth (assuming nothing catastrophic revealed).

Yes this is a hot potato for the institutional investors but for medium term holders, a further reduction is a huge opportunity that the little guy (us) doesn’t often get.

It only the short term holders that are panicking or seeking short term profit for a short term hold from a lower base.

As Paddy has frequently stated, hold for the medium term and there’s a serious upside.

Banging on about falls to 78 or lower is just a waste of breath Jonny DU DU.

Paddy - I find myself agreeing with pretty much all you say on this share (which is a worry!) particularly your 10.50am post. BP dividends quarterly are nice but IMO the capital gain potential on PFC dictates regular topping up at these SPs (and I’ve got a over half a bar in the game) and if enough IPs take the same view, the professional shooters will pi@@ off but a few favourable press releases would help and SP gain could be swift.

Yes, crap results or SFO could drag the SP lower but I’m expecting 90p as the low.

Is it right to say that it was just a rogue exec(s), entirely without Director level assistance, that organised the payment of bribes?

Is it conceivable that any one exec had the authority not only to authorise but also to physically make the payment(s) of many millions without sign off by the Board and / or payment by or on behalf of the FD or Co Sec?

So, if these propositions are not accurate, then it must follow that aside from any SFO action against individuals, it (SFO) will take action against the Company which the Company will only defend IF it can demonstrate incontrovertibly otherwise (and SFO sanction is certain if not), IMO.

Paddy, we’re pretty much aligned on all that. My ISA’s full of Petrofac and banks and I have BP in my SIPP. My only real concern is whether the big bro shorters have received a tip that the IPs are yet to uncover. If not, I agree with you that a few good news items and they could be sweating. Obviously, there are a few headwinds but they could fall away and SP uptick could be rapid. Fingers crossed...

I’m with you on all that, Paddy and planning to hold for 3-4 years for double digit SP, it could come quicker without headwinds. What’s troubling me presently is the percentage of shorters. Thoughts?

Paddy - I share / admire your continuing optimism .... big risk for anticipated big gains. Just waiting for news, Josh.... oh and adding a few here and there. At this level, too good to miss (hopefully)

Paddy - for PIs, it doesn’t matter how far the SP falls so much as how long the slump lasts. There’s plenty that can’t afford to hold too long and for them this is a risky ride. I’m still topping up but expecting to hold for couple of years at least so, to that extent, happy for the SP to fall further so long as PFC don’t fold (and that seems v unlikely). WIN were the same. Took 5-years to bag a 5-fold increase but they didn’t have the SFO snooping around. Look at them now..

The charts - DYOR but look at JB’s Tramline Traders commentary - suggest PFC is ready for big rebound anytime soon. Just bought tranches aggregating 180000 shares and buying more. Just a matter of time (presuming nothing untoward uncovered following Freshfields / KPMG independent report released to SFA). Bargain / Time to get buying and put the doom-mongers to bed. GLA