Member Info for Duncan_Thickett

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.

Todays 100K + trades so far:

2022-02-16T09:15:52.723 GBX 116.4 150000 174600 Off-Book XLON P XLON
2022-02-16T15:48:17.873 GBX 116.41 130000 151333 Off-Book XLON P XLON
2022-02-16T15:44:05.593 GBX 116.5 100000 116500 Off-Book XLON P XLON
2022-02-16T15:38:26.980 GBX 116.1 100000 116100 Off-Book XLON P XLON
2022-02-16T15:37:05.350 GBX 116.21 100000 116210 Off-Book XLON P XLON
2022-02-16T08:58:49.683 GBX 116.2 100000 116200 Off-Book XLON P XLON

Schroders took part in the placing at 115p, so they've probably been selling 12m shares all the way down from 150p. Immediate big fat profit for them.

Schroders reducing, explains the recent SP movement.

There was a chunky £266K trade at 145.5 just before the close. UT at 147 is reassuring.

Kepler Cheuvreux raises PFC to Buy from Hold. (HOLD) - New price target £2, up from £1.70.

Nice price action today, knocking on the door of £1.40.

Qube's short is at 0.49% now, so below the reportable threshold.

125.2 on the ask, up 8%, we're flying today!

Good start to the trading year for Petrofac. Breaking 120, and at its highest level since the Omicron variant was announced.

Bring on those Saudi, Iraqi and UAE contracts.

Black Friday deals on Petrofac. Why thank you, I'll have another 10k shares please.

Barclays Target £2, SocGen £2.40.

Thats one hell of a loan! I'd like to see his new conservatory.

Unable to trade my new shares either with HL or IG. No wonder the volumes low.

Anyway….£2 by Xmas!