Member Info for DavidW2016

The increase in the short percentage was for the drop in share price a few days ago. There is a lag in the short percentage and the current share price.
Give it time - these shorts have got to close.
Most will start to take a long position now

Obviously , for someone to buy a share then someone else had to sell a share. The market makers do match the buys and sells for a trade on a daily basis.
However, the market makers can hold an inventory over one or more days. In doing this they will take a risk on the price movement beyond the daily bid-offer spread .
Obviously, their risk can be mitigated if they have a client, such as a short sellers, who is pursuing a particular position and strategy.
So they will be aware of the buyer/seller strategy, and can therefore make a profit over a period of time exceeding the daily bid-offer prices.
If a RNS is issued the maker makers can get exposed , if the news is contrary to their internal position.

The trend is in an upward directions, so I do not think any sensible shorter will be thinking about selling. They will want to buy and close their position before it is too late.
Shorters will be in competition with each other now as well as the buying public.
It's is all BUYING now. The tide has turned.

I suppose the only certain way to stop shorters selling you shares is to hold them as certificates, which is not really practical.

You are correct JG.
Once a share holding in on a limit order, they cannot be loaned out by the broker who holds them.

Mat, you are one of these pompous city types !

After the years of waiting for a response to various bids for auto contracts and an aviation deal, how can PMG not update the market.
Does he have no idea what is going on ?
Does he not contact his clients for an update?
What happens on a daily basis at Seeing Machines?

The only thing that matters to me in the long term is the share price. Five years ago the share price was higher than it is today!
PMG has been in the job for four years this July, and he had still not delivered on his promise of improving the share price.
Unfortunately, still no significant aviation deal, still no significant numbers on auto and still a poor PR performance.
The Institutional Investors now own less than 50% of the company equity. The private investors, including myself are getting impatient.
The daily trading of equity is almost non-existant.
We either need a very very very large contract for auto or aviation, or a takeover bid, otherwise the share price will stagnate or drift lower.
I looked back at the comments on this board for 2019 and it is the same people saying the same stuff. Likewise for the safestocks website.
The only recent positives were the share purchase s of some of the board members, but that is small fry with regard to the current situation.
I have considerable funds invested in SM, as many do on here, but I feel I am just waiting for the next problem/excuse to come along!

Just look over the last month - the release of an historic contract worth billions, confirmation of funding for the company, short positions starting to close and the general sentiment of private investors is improving.
In my opinion, this is a share to hold if you can.

Poker,
You may well be right.
A merger of some sort could be a better and more profitable outcome for all.

I do not contest to being an expert on share trading, and I freely admit I have made mistakes over the years when buying/selling shares.
But what I can see with Petrofac is that the company is in a state of flux/change.
It has had some bad years making some bad mistakes, which has cost it dearly in its share price.
The two big positives which will eventually move the share price in an upward direction is the breaking of all the bad losses on the balance sheet, and the 'biggest' deal in Petrofac history, which will propel profits over the coming years.
Now you have got to expect day traders, shorters as they are part of the market. They have helped bring the share price down to this level.
However, these day traders, shorters and also long term investors will shortly push the share price upwards. Once the 'market' realises that PFC is undervalued there will be a rush to buy.
There is also the possibility of a takeover bid from any number of big investors.
Does the world still need Petrofac ?
In my opinion the answer is a resounding yes.
If you can afford to hold your shares and not be panicked into selling at a loss, then a few months wait while the management change over at Petrofac may be very profitable.
This is just my opinion.

Eurofil, you just seem to make up any numbers that come into your tiny head.
Do you ever investigate and determine real facts about a company?

Eurofil, usual one line rubbish with no financial information to back up his assessment

I was referring to eurofil.

Try backing up your one line comments with some financial facts!

This is the day the shorters have been waiting for to close their positions. Yesterday, the PFC short position dropped from 3.67% to 3.08%.
As all the bad news is now out this is their opportunity to close off their PFC position and take the last big profits.
This may even be back in the blue today!

It is just the usual share price manipulation!
What can you do but hold and wait until their games have finished.

It is not odd if you think about it.
If they are in bed with some of the MM then they would know that the MM were going to drop the share price (8% by end of day). So they buy a short just before the 8% drop . Close at the end of business - nice 8% earner.
All my opinion, of course.

S2020
'4p or 6p makes no odds to me'
What a ridiculous response.
Of course it makes a difference.
The further the prices falls the longer it takes to recover. No investor with any view on profit should be making such a statement.

Will the bounce ever come ?