Member Info for DavidW2016

The MM's have no doubt accumulated cheap shares this week for their inventory, which they will sell next week as they bring the price back up.

They will make a tidy profit. And there is nothing we can do. The PI always gets a raw deal.

The current share price is at this level because of the way Seeing Machines manages it's PR and because of the way it underplays any good news.

It has had this approach for the last decade, both with KK and PMG.

The management either know a takeover is coming and are therefore not concerned or that are totally complacent. Either way, it is not good for the private investors.

I am of course biased as I hold Petrofac shares.

The corruption scandal is legally over.

It has been settled with the SFO.

It is unlikely Petrofac would go down that avenue again. More eyes watching their conduct would only strengthen that likelihood of never occurring again.

During the SFO probe the share price fell from 500 pence + to now, currently 75 pence.

Petrofac is well oversold and the SFO probe is priced in twice/three times over.

The trend is still upwards for Petrofac.

That article is dated March 2019 !

Somewhat out of date.

It was a bad day on the market today. Most shares got hit. It was nothing to do with Petrofac, so hopefully, the market and Petrofac should bounce tomorrow.

I bet the MM's were well short of shares to fill that 4.5 million buy yesterday, so drop the price and buy back as must as they can under 81 pence.

Private investors only know on the morning the RNS is released. That is the rule. But has we all know there are some 'people' who have prior knowledge and take advantage of the market.

Friday seems to be a popular day for PFC RNS to drop. Like many here, I am very surprised the share price is still in the late 70's. With all the previous announcements, I expected 90p by July.

That is the stock market for you!

Two trades in 3 hours for £1100.

It is becoming a joke.

Tony,

Petrofac have now got their finance and management in good order. The recent historic contracts will start to show profit and a dividend wil follow in good time. That is hiwa business works. Profit then dividend.

I think you are just guessing like the rest of us!

Long term ok, but not sure about today.

Markets down 1%, it will be a struggle.

We need some more positive news.

That is old news.

I remember writing a message on this board six weeks ago. No RNS was issued at the time if the news.

The general trend is upwards,but after 4 goods days I will not be too disappointed if there is a small retracement back to 78/79. But it is anyone's guess now.

NikNak,

Thanks for supporting my valid point of view.

And by the way, I do not worry about SM, because worrying will do nothing for the share price.

However, as stated, I am concerned that SM could lose their competitive/advantage if a 'giant' has been secretly developing a DMS alternative.

I am hoping that SM will be swallowed up before that happens, maybe by one of these giants.

As a long term investor with a substantial holding I think it is prudent to be concerned with the slow SM progress in the last 2-3 years.

I will not sell my holding because I still believe that a good return is on the cards.

To me, an investment is about making a good profit. That is why I invest.

And there is the problem in a nutshell. One of these giant companies could suddenly announce they have DMS. And they will not faff about for years. They will just take out all the competitors.

SM / PMG are so complacent about having an unrivalled lead that they may just lose it. Or should I say we will lose it. Bacause, PMG has no funds at risk like the private investor.

That is my worry. I think our only hope is a near future takeover. I just hope it is very soon.

I am waiting for that surge of big buys, the 25000 share blocks, then away we go through the 80s.

NOT starting from scratch.

Well let us see what his targets are for the free shares. If they are anything like 2019, then it will be a give away. PMG not going to accept any target that is too difficult.

It's the product that has made the company not the CEO. we are supposed to be the number 1 DMS product so he is actually starting from scratch.

Unfortunately, yes

Looks like the usual pattern of late.

A decline in the share price between 12-2 with a rise in late afternoon.