Member Info for DavidW2016

The takeover is more likely to come before Seeing Machines reaches profitability next year. Anyone who understands the business and the SM patents

will not wait to long and risk over paying.

No sure where HL get their data, but if that is the case that is great news because the share price is currently at 71p/72p with this current short position. Therefore, 13.48% of shares have got to be bought in the market, that is about 75 million shares.

The share price should explode when these are repurchased.

Teaching should read Tracking.

I hate this autocorrect!

The only data on UK company shorting that matters can be found on the FCA website . All companies have to report their short position to the FCA if it is greater or equal to 0.50%.

The file is called :

Short-positions-daily-update.xlsx

The PFC shorting currently stands at 2.84%.

Therefore, this is the minimum value for the outstanding PFC short position as there could be other short holders under 0.50%.

Now that Petrofac has resolved it's most pressing issues and moving in the right direction, it gives me some comfort knowing that the PFC short position could be much higher than 2.84%, and that all these outstanding shorts must be closed, sooner rather than later.

Now that the US Debt Ceiling has been agreed in principle, the market could see a very good week when it opens on Tuesday. It may even prompt some Petrofac short holders to quicken the closing of their short positions.

I will get content (not excited), if and when we ever reach 13 pence. And if we move beyond 13 pence , I will be comfortable.

I have heard so many statements from PMG at meetings, RNS's, videos etc, I am just numb to it all.

It is great to see all these car companies making profits, but until this is reflected in the SM share price , it is little comfort to the long term investor.

Also, it is not only about the share price rising to a respectable level, it is also about holding and maintaining that level.

Hitherto, all we have had is a long series of quick share price 'rise and fall' over the past 5 years or so. And yes I know there have been many world issues over this period, but I do not believe the current share price is languishing at 5.75 pence because of those issues.

And then we have the SM PR and the SM brokers, need I say more.

Stock markets are supposed to be forward looking and reflect share price potential. This does not seem to be happening with Seeing Machines.

Is what I say reasonable, or am I just a miserable, impatient investor?

Seeing Machines strategy of under playing the company DMS/IP/Products has obviously not worked in improving the share price.

Why not be more proactive!

We are so waiting for these mythical US investors.

Maverick,

We all want the share price to move much higher.

Do you have specific evidence to support your hypothesis or it it just your gut feeling.

"After a long and thorough selection process, we are very excited to be working with Petrofac in the development of Köping Hydrogen Park. We believe they are the perfect fit for us as we share many of the same outlooks on how to best develop projects of this nature. As the early works stage kicks off, we are sure to deepen not only our understanding of the engineering scope for Köping Hydrogen Park, but also our relationship with Petrofac for the coming project stages and potentially future projects. It will be very valuable to have such an experienced partner to collaborate with and learn from." - Torsten Granberg, Plagazi AB (publ)

The above quote mentions " project stages and future projects".

This is just what Petrofac needs - a flow of new projects with new partners. It shows that are 'back in the game' and ready for business.

I agree, PFC investors have had a tough time. And the current recovery does have its ups and downs.

But , as you say, the management are correcting the issues and now steering in the right direction.

Maybe now as fast have we would like, but nevertheless, the right direction.

Lilo, that is factually incorrect.

The recent contract RNS's did move the share price significantly. If you review the share price data you will see rises if 70%, and two of 10+%.

The problem is the share price is rising from a low base. This is because of Petrofac's past problems.

These problems are now being addressed by the Petrofac Management team.

The price is holding steady.

Why is it not looking promising Eddie?

Speedygon,

Just pure speculation on your part. You have got a 50/50 chance of being right!

Shorters have some impact on the share price but they do not control the whole market . Remember, more than 50% of the share equity is owned by private investors. And, no doubt, the institutional investors, who own the rest, have been in discussion with the new Petrofac management , and are privy to information about the near future .

There is a change in sentiment with regard to how Petrofac is now perceived. There has also been a change in the Petrofac management and the way the company is moving forward.

You just have to read the recent RNS's issued in the last month. Shorters are aware of this change.

Personally, I think it would be easily for the shorters if the share price rose to £1 or above.

Much easily to short from an higher share price!

My opinion is biased because I hold PFC equity .

Likewise, you are biased the other way, has you probably do not hold PFC equity .

Petrofac is seriously undervalued at even £1 when you look at the current pipeline of revenue and the possibility of new contract announcements any time soon.

Yes, there will always be market volatility. However, it is the share price trend that really matters.

New management, new contracts and the new way forward will see Petrofac re-establish it's position as a premier company.

It would also give the shorters a big shock and a well deserved sting on the pocket!

I do not care who approaches Petrofac, as long as it influences the share price in an upward direction. If Apollo did make an approach, it may well prompt other potential buyers to throw their hat into the ring.

I do applaud you for trying Johnny.

I did look into submitting a compliant on the FCA website. However, the amount of information required to support a claim, seemed impractical , if not impossible to access. I would not have access to somee of the days required.

I got the impression that made it has difficult as possible. However, I do understand that there had to be a balance of fairness, otherwise everyone would be submitting an issue every day.

Many on this LSE forum predicted how the new CEO would clean out all the bad news and then issue a flow of good news in the form of strong contracts.

It started with a Petrofac historic contact, the biggest in its history, and now, hete comes the flow of more contracts/deals to energise PFC financial position.

Looking for a strong rerate in the share price soon.

The shorters inched up a fraction yesterday from 2.91% to 2.94%. They are just hoping and gambling now in a panic!

They are starting to get it very WRONG.

The MM's and shorters cannot hold this price down any longer. PFC management and processes are now functioning correctly and they are in money making mode.

Let's see this share price move as it should , upwards towards the £1 mark.

Soulboy,

You are right, SEE never giving enough info to convince those private investors to be confident

and to hold that bit longer.

The share price is back to where it was a few days ago. The value if this news, lost again.

I cannot see the share price getting any kind of traction without the offer of someone to buy the company.

Maybe PMG already knows something so he is not too worried about the current share price.

Clearview,

If the shorters had never been part of the PFC trading, the situation over the years where the share price has been in decline , would have been so much less dramatic.

The whole concept of shorting can ruin a company share price, which otherwise might have survived or no fallen so dramatically.

Shorting should be allowed, but only has an hedge for a long position you hold in any derivative form. That is, naked shorting should be banned permanently, as it was during the times of market stress.