Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Isn't the institutional holding in excess of 85% already?
Reduced again on 28/3 by 0.08% to 0.64%.
Redwood increased their holding by another 1.17% on the 19th March. Now 16.49%.
Redwood Master Fund increased from 12 to 15 %, obviously ignoring the doomsters on this forum.
Schroders below 4 %.....5 weeks ago!
Slightly dated, but for those desperate for any IOG related material, click on the 18th Jan administrators report.
https://find-and-update.company-information.service.gov.uk/company/09734575/filing-history
In a nutshell, the LOG Joint Administrators do not believe that the recent share price (16p at the time) is representative of the higher value of the underlying business. Hence they’re not selling.
Correction, Tuesday 7th.
Actually Kong this hit 4p intraday on Tuesday 4th. So buyers that morning are still making 20 - 25% if they sold now.
Lots of sellers will be bored traders who bought in sub 4.5 but never got the pop they wanted.
Top shorter Systematica are down £579,000 on this mornings price action. Shame.
Minor short reduction from Astaris yesterday, down 0.03% to 1.08 %.
Good to see this finish above 75p today.
Interesting how Worldquant have been unwinding their short since Dec 9th. They've been shorting from much higher numbers (105p on Oct 5th), so have made the lions share of their money already.
Johnny-come-lately's Kairos only went above the 0.5% threshold last Thursday, when the price was already sub 80p. They've cranked it to 0.75% in three days flat, but obviously have a much lower average. If they're smart they'll be closing over the next few days with a 5-15p per share profit.
F the shorters!!
Keep the faith boys and girls. This despair is what the shorters thrive on and what kills PI's.
A couple of decent contracts over the next couple of months and this nonsense will be forgotten about.
PFC has zero control over when these contracts are awarded.
Worth a read for anybody bricking it before tomorrow, or anybody thinking PFC are going out of business next week.
https://www.fitchratings.com/research/corporate-finance/fitch-affirms-petrofac-at-b-outlook-negative-03-10-2022
Shorts increased yesterday. WorldQuant up by 0.06 to 0.54%, back above the reportable threshold. Taking advantage of this short term turbulence.
18 days til the next trading update. Hoping for some sentiment improvement in the meantime.
Also helping us:
Barclays raises John Wood Group to 'overweight' (equal weight) - price target 340 (330) pence
It's frustrating, but we just have to hang on a bit longer.
The CEO was crystal clear in December that we should expect very little in Q1. However we still won the $100m Cairn contract in India during this period.
Despite the flat response, ADNOC is still massive news, and I'm confident that PFC will have big contract wins in the not too distant future. When one comes in we could easily do 50% in a day.
Barclays have a £2 target, JPM £1.60, and Simply Wall Street reckon £2.74 is fair value. Duncan_Thickett is hoping for £5 in five years time!
Share price the same as it was in Oct 20, when oil was $80. Go figure.