Member Info for Cripes

AGM Tomorrow.

Yeah. Brent creeping up too. I find it difficult to understand why Wood Group moves up and down by the huge percentage that it does while the movement in PFC is more measured? WG has greater debt but has made provision for adverse SFO investigation @ 45mil. Interesting that PFC have the capacity to make a provision for FSO but they haven’t?

Modesty’s. I mean Wow. You’re so well informed.

Was that the bottom? Got to be, no?

My best guess on the irregular behaviour of the share price is the long and short held by black rock and probably others off the radar who are taking the opportunity to shake the tree.

I’ve reduced my holding. I’m concerned about the level of debt here and auditors going concern note in the accounts last year.

That’s the second six figure director buy in the last month.

Yeah, so don’t look back in anger.

The debt position of the two company's is very different Alto. I think that PFC should certainly look at some of sensible measures that WG have taken but PFC can and should pay a dividend. At this point in time I don’t think that there is any need to change the decision to pay a dividend as circumstances could change markedly for the better or worse over the next 7/8 weeks.

Sorry. My response was to stockdale. To often it’s written that the sfo stuff is baked in. I don’t see that. If the case is dropped the SP will rise. If there’s a fine, it’ll result in the SP dropping. No?

You’re saying it doesn’t deter investors? Porqoui?

POO and SFO holding this back relative to rest of market methinks. BP equally sluggish in comparison to the stellar performance today of Marstons for example.

In

Is the value of the SP=+OPEC do deal with Russia+PFC pay dividend+softening is sentiment on COVID-risk of SFO?
I counted more pluses.

I guess it only matters in the context of when they took short and the price they paid? I’m hoping we have hit the bottom so any shorts taken out now will be concerned about any upward movement and the dividend.

Directors, particularly Asfari have material holdings and this might be influential on the value and payment of the dividend.

....and if they cut the dividend then that just suggests prudence. Let’s see.

A blue day and oil just has to go up further from here. It’s in no producers interest for these prices to persist.

Does anyone know of any examples of companies not paying dividend after announcing it?

Sterling v dollar looking encouraging for dividend.