Member Info for Damers

Completely wrong my friend.
No matter how it happens we need Hydrogen to take centre stage.
If / when this happens Ceres will get it's slice of the action and profit greatly. Any positive news relating to Hydrogen take-up is a plus.

I am looking foreword to the week ahead as I am v heavily invested and confident we will be plus 10 - 20% in 2 weeks.............

Tks Paddy - not boring if mega bucks on the line.

My thoughts...........
Because PFC were not directly involved with bribery the claim will have limitations. The claim may take a few yrs (if awarded) to filter through - by that time I would expect PFC to be very profitable & cash rich, thus reducing any impact.

Also, I cannot get my head around the following scenario...........
Say Innsworth were awarded hundreds of millions for claimants. Subsequently the share price tanks and current share holders loose a fortune. Then do the current share holders raise a class action against PFC - a vicious circle!!

I appreciate the feedback folks...........

We also have the class action from Innsworth:
Innsworth is gearing up to file a group claim on behalf of institutional investors such as large US and UK pension funds, claiming they suffered “substantial losses” on their Petrofac investments from 2010 onwards.
The legal funding firm, which backs class action lawsuits in return for getting a cut of any payout, says Petrofac misled investors about corporate compliance governance and business performance, which led to “substantial losses” for shareholders.

It would be good to hear BB thoughts on this subject. I am weighing up weather to double up my PFC stake, but this subject has me a wee bit concerned.

Tks surprised.
If memory serves me correct AVL using Ceres fuel cell technology - so in 10 yrs time all Ford Transit vans could have Ceres on board which is a nice thought..................

I am in the same position with HL cat5. I am sure it will come through.............

No chance Gingerninger. My bet is that there will be an announcement made on Technology day of COP26 (2nd Nov).

You heard it here 1st!!

you should get a secure message at some stage...........

Although I am ****ed I did not hold out for longer before buying back, I fully agree with the majority sentiment.

I fully expect price to drop a bit & if a big bit I will be topping up. Although the placing devalues our shares it does give the Co. a firmer footing & in the med term gives greater appeal to new investors. One way or another the fine had to be paid and the placing is the most transparent option.

I do not expect the 1/2 yr results to be very positive, but I would not be surprised if PFC will make a positive announcement (new contract / ADNOC etc) to balance the books...............

As Paddyboy 1 noted, in a few weeks this will all be forgotten about and the ship will be steady, with shorters long gone.

After reading nonsense from Esecallum & Y11-SHX over the last day, I have decided to jump back in.

Fully signed-up again - Petrofac is a great Company & all investors WILL profit. Next stop for me is £3.

This is more good news on a really positive day tks andrbea. The flood gates seem to be opening................

Very positive noises being made from Bill Gates & Bojo regarding Hydrogen Investment in the UK @ Global Investment Summit................

https://www.youtube.com/watch?v=CiTBfBqMPpE

Good stuff Paddyboy.
I am just taking a brief sabbatical across to Ceres (CWR) as expecting (praying for!) a positive announcement during COP 26.
Then back to Petrofac. This is risky as you know there is a whole list of positives which could drop anytime here & I might miss the boat.
Anyway - all part of the fun.............

If I was a betting man I would say that Paddyboy is on 'rinse' cycle & 'repeat'ing after results.

That's my plan anyway. I jumped ship @ 177 and ready to go in full hog after 31st..............

I am expecting a wee bump in the road when 1/2 yr results issued.
We did receive a warning from Petrofac earlier in the year which will be reflected in these late issued results (issued in Aug last yr). However, after this milestone the future is looking bright..............

I am convinced that the Weichai deal will be announced during COP 26 as will suit the Chinese propaganda machine.
This will give us a lift of + 20-30%.....................

No Xi Jinping - let the people speak!

Cheapshareboy - the BS comment is unnecessary. This board is predominantly filled with folk trying to increase their family's wealth for their family. All constructive comments are valid.

very positively.

Extract from FT........................
'Analysts at Jefferies said they were assuming a fine in the region of $300m'.
..............which is around £220m.