Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
I said weeks ago the shorts know something. I then in between thought I was wrong in that assumption. I've reversed back. The quicker Petrofac puts investors out their misery with either dilution or fire sale the better, this is dragging for a company that potentially is world class. Traders or not, comes a point where enough is enough.
Despite the large order book - by large I mean absolutely huge (not to be underestimated how big it is and whats to come with Tennet still) there does now just remain the outstanding issue of firming the balance sheet. This hasn't gone away and one could reasonably assume an asset sale announcement Q1. Whilst this issue is still hanging, shorts are still in control. IMO.
Pees most off, including myself, but you can't ignore the SP movements and likelihood that the technicals will play out. Long term a great company in the making, heavily investing in the renewable space whilst keeping its hand in its traditional O&G plays. That said, what will be sold off in th ecoming weeks/months will be a huge indicator as to where the CEO see Petrofacs future.
Just the technical element Mary. I would have thought a seasoned investor such as yourself would see merit in what I've suggested. And yes, higher gaps I believe will be filled. Petrofac is now going to turn a corner. But 20p is still likely.
One would have to suggest that January 2024 looks bright for HEMO. The SP hasn't dipped below 2p, and today showed good support - approval next month. Genuinely good luck to LTHs, you know who you are - and over the past 12 months between you have put on a jolly good show here. Brenda, Hedgebackwards,here for h o mo - you know who you all are. And Mrs India has also risen up to add to the spice.
Good luck again for a positive newsflow filled January.
Mr India. You have spent so much time here, I truly hope Vlad delivers for you. Imagine another delay and this goes back to the 1.2p-1.5 region. A delay is perfectly feasible, Vlad may not be in the position he thought he would be by now in terms of re submission. Always possible - meaning this could be Easter, with further dilution ahead....................