Member Info for Garydav2

No I decided to get in here in the 90s. Not so sure we still wont get there ( I hope we dont obviously). After today more possible than your £1.10 Eurofil

This is what Eurofil said on the 21st March;
Who cares what the negative Mystic megs say, tomorrow's another day, £1.10 due to leaving the ftse 250 on the cards me thinks.

New video today on PFC Sylheti Money worth a watch. Interesting that the family own 18% of share capital and Tosca fund around 6.5% . Says all time low was 93p well we dropped under that today. Was as high as 17 to 18 pounds in 2012. Debt approx 850M but cash 820M so around 30M debt overall.

It's nice you are all so positive! This share needs to find a base and quick....

Yeah read next post on there too if you are quoting that board. 4 years in, £1bn cash no fine??
Anyway there are some right extreme views over there

Its Gary and bought in, Dick

I agree Danny. This is not just a fall for PFC. I was invested at Capita but sold out yesterday at 48 + today dropped to 45. The whole market has come back . I have bought in here

Wigwammer I think these will be a buy soon but just saying Speedy made the right call when he did

Speedy thanks for your sharing. Makes interesting reading. And fair play you knew when to get out and didnt lose another 30%

Now now that's getting personal Cheapshare Boy. Let's stick to the matter in hand. The boards should accommodate opposing views. Reported

Very quiet on here? ......

Lots of rampers on this board who dont like an opposing view

Good luck Danny

I'm watching for the next leg down then I might dip my toe in Danny. What about yourself?

Danny I'm not invested. I'm watching on the sidelines .Sentiment not good here waiting for the next leg down and then might dip my toe in. What about yourself pal?

Hardly flying up are they? Pads wheres the short squeeze .....

The market hates uncertainty. Share will be under pressure again today.....

Looking at the Technical chart after the initial fall and bounce think shorts have loaded heavily here. This combined with the index relegation think the shorts we will want 85p minimum so the 78p is not unreasonable. Stop losses will be searched out

Since then, things only appear to have got worse. In 2019, David Lufkin, the former head of sales, pleaded guilty to 11 counts of bribery. He was found guilty of another three counts in January this year, which ultimately led to the stock sell-off on Monday this week.

Why? Because beyond the reputational damage, this latest conviction led the Abu Dhabi National Oil Company (ADNOC) to suspend Petrofac from competing for any new contracts indefinitely. In other words, Petrofac just lost access to one of its key growth markets.

Cannot tender for any new contracts!!

Dont think I will be catching this falling knife yet! Like every stock it will find its level but sentiment on this very poor. They have lost access to a large market!