Member Info for DavidW2016

Typo cheso should read cheap.

Only 0.30% of shares have been traded so far and the share price is down almost 6%.
This is pure MM manipulation, buying shares on the cheso, readying for a bounce.
What can you do but hold.

The Institutional Investors own 45% of the company. Do you think they would just let the investment get destroyed.
There must be a plan for revival, possibly a takeover may be in discussion as we speak.
The asfari family own 16% of the company.
They are not just going to throw that away!

What a pointless, unfounded comment. You have no grounds or evidence whatsoever to suggest there will be a share raise at any price.

Are the directors of PFC just going to sit there and let the company share price be destroyed?
One of their functions is to maintain and enhance shareholder value . Surely an RNS or message from the BOD to carm the market and explain what is to happening is required now. We cannot wait to April for the results.

It is not strange we have drifted. !
There is always potential news on the way - that is the problem - it never happens.

Those 3.96% of shares that are shorted have got to be closed soon. That's some 21 million shares that have got to be purchased, or those holding these short positions may get caught out.
Those holding these short positions must know that PFC in in an oversold position, RSI is about 14. This has got to play out soon.

This is well into oversold territory.As the wise old Sage 'Mr Buffet' stated , the time to buy is when everybody else is selling. Assuming the company in question is sound. PGC falls into that Category.

Terry,
Your point 1 - SM are making money, they are already in 700,000 cars. And then there is aftermarket etc.
Any savvy US investor will understand the potential ; and of course there is the vehicle legalisation. Again , US investors will understand the potential due to changes in the law.
So what is really holding them back?
I have always put the majority of SM woes down to its PR, or should I say lack of good PR and marketing. They never miss an opportunity to understate their good news.
That is my humble opinion, and a PI with much capital to lose, if this goes South

Look like common sense is starting to prevail
Brent Crude is picking up and there are some chunky PFC buys. Hopefully, it should close positive.

I think you have summed the situation up very well. With an option price of 4.41p, PMG has zero risk. I remember when they were set and this board with shouting out that the option price was a farce.

PMG has only purchased 250000 share.
A pittance.

Listening to the CMD is not going to move the SP.
PMG, nearly 4 years in the job.
He has go to deliver on shareholder value or let someone else have a go.

Terry, this is great for Qualcomm, but when do SM get a share of the pie. Jan 2020, we had the first RNS that SM and Q are working together.
That is over 3 years ago.
Are you aware of any revenue for SM from this relationship?

It is a good indicator.
A low RSI, generally below 30, signals traders that a stock may be oversold. Essentially the indicator is saying that the price is trading in the lower third of its recent price range. This isn't to say the price will bounce immediately. The odds are shifting towards an upturn. Just one good RNS could be the catalyst.

If you read the FT website, the consensus recommendation for PFC is as follows:-
Buy 5 ; Outperform 4 ; Hold 5 ; Sell 1
The share price forecast in USD is as below, and I quote:
"The 10 analysts offering 12 month price targets for Petrofac Limited have a median target of 99.93, with a high estimate of 195.72 and a low estimate of 68.54. The median estimate represents a 63.41% increase from the last price of 61.15."
Maybe a little comfort for the long weekend.
It has been a tough week on the markets all last week for various reasons. Markets swing up and down. Therefore, next week should bring a rebound when those investors hunt for cheap shares.
Brent crude also took a hammering this week. It should also rebound, which should also hel PFC

Mr CFP, I think you need to be careful in what you are suggesting about Mr Ive. His financial dealings are his own concern. Any suggesting of illegality and you could find yourself in trouble.
Your surely cannot believe that a company like Seeing Machines would be involved in any underhand dealings. It is just ridiculous.

PMG is the CEO executing the Seeing Machine's strategic plan. Therefore, it most definitely does matter if he makes a purchase(s) of his company shares using this own money. It informs the market that he is confident in his strategic plan for his company. And it has got to be in a least the same order, or there abouts, as the chairman and CFO.

DR777, you are obviously a financial whiz
Tell me why YOU think the share price as never lived up to all the hype.
Where do you think the risks are for this share in the short term, say the next six months.
With private investors owning approximately 25% of the shares, one billion plus, what do you think will happen if there is a share price appreciation, bearing in mind the past history of the SEE share price, and the attitude of the many weary shareholders?

We said NikNak,
I agree. The only reason I am here is to make money from an investment. I think some have been on here so long they have lost sight of the investment.
I know holding SEE shares since 2016 has cost me a fortune in lost opportunity and interest.
As soon as the shares appreciate to a reasonable profit, I am out.