Member Info for itsatragedy

I have had a much more positive experience with HILS in my business dealings (highway infrastructure) they are still the goto company for quality, price and delivery, Cant speak for other divisions but ive always found this part of the business to be very capable, hence my investment here. As previous poster mentioned, they are dull but neccessary, not expecting fireworks but slow and steady increase in sp and divi.

ARA currently trading in my HL account at 82.8p (1.41 CAD for sell) down 54%

Excellent statement today - looking very positive, hopefully will not be derailed by omicron.

I dont think the plastic tax will significantly affect AG Barr, they use mainly recycled plastic at the moment and are looking to be 100% by 2022/23. I understand that the tax only affects importers and manufacturers of plastic packaging that have less than 30% recycled material.
I do agree that a correction is imminent and no doubt AG Barr will suffer along with most other stocks. In the long run BAG should do well, good product and financials, but what do I know, playing the stock market feels more like gambling than investing at the moment.

Pogo001, to cut to the chase, are you anticipating a 30% drop in the sp from here, and just BAG or across all equities?

Response from IR this morning, apologies if this has previously been posted by others.

As stated in our RNS, the penalty concludes the Serious Fraud Office’s investigation into the Company. The SFO can continue to investigate relevant individuals, however none of these work for Petrofac.

With kind regards,

Investor Relations Team

Just checking if anyone still visits this chat?
Anyway, some good news on the divi front, dividend has been reinstated and a special divi of 10p payable on 29th October.

No doubt this or similar has been posted here before, but this is the response my MP got from the Solicitor General. The government still seems quite chuffed with the SFO performance unfortunately.

Re: Letter on behalf of constituent in respect of the Serious Fraud Office’s investigation into Petrofac Ltd

Thank you for your letter of 26 May 2021, on behalf of your constituent, who has contacted you in relation to their concerns as a shareholder as to the length of time the Serious Fraud Office (“SFO”) is taking to investigate Petrofac Ltd and its subsidiaries, and the impact this is having on Petrofac’s business and shareholder dividends. I am responding to your letter on behalf of the Attorney General. First, I should highlight that as a Law Officer, I superintend the SFO and I am accountable to Parliament for its actions but the SFO makes its investigation and prosecution decisions independently. Therefore, I am unable to intervene on an individual case or comment on live proceedings. I understand your constituent’s concern over the length of time the investigation is taking. However, by their very nature, the SFO’s investigations tend to be large and complex and their investigation into Petrofac is no exception. Whilst the investigation may have begun in 2017, the SFO have since secured 14 convictions against a former Global Head of Sales of Petrofac International Limited for bribery and corruption. These covered the award to Petrofac and its subsidiaries of approximately USD 7.5billion worth of contracts across three jurisdictions. This gives some illustration as to the seriousness, nature, and size of the allegations under investigation. I trust this clarifies the situation and thank you for bringing this case to my attention.

RT HON LUCY FRAZER QC MP SOLICITOR GENERAL

Blackrock also substantially upped their position in mid september 2020 when the SP was about £1.35, they need the SP to tank now to get their bonus.. hope they get burnt and hopefully they dont know something we dont.

I dont expect the SFO case to move on until the unaoil case is concluded and I see Paul Bond is back in court for a retrial on 18th Jan 2021. This could have a long way to run yet. The SFO is a gravy train for the legal profession and they have zero interest in the long suffering PFC shareholders.

Silver heading back up but no doubt JPM are still manipulating the market. Alegations abound that the bank is essentially a financial criminal organisation and when you look at their corporate rap sheet its hard to disagree. However the planets are aligning for a bumper year for silver, onwards and upwards - hopefully FRES will rise with the flow.

fres down 3% and spot silver up 0.4% at the moment, any idea why?

silver very strong but fres down 2.3% at the moment, XD today but worth very little, why the drop?

A glaring visual. The elephant in the room? Silver! - I don't get it! why is silver the elephant in the room?

Up over 4% on Friday. Mainly sells all day, some large ones after hours, so shorters dont seem to be closing, Brent slightly down, nothing new with the SFO as far as I can see and M&A unlikely with this hanging over us, mainly negative or neutral press coverage on results- so any idea why the rise?
I had intended reducing my holding on Friday as well under water here and it looked like further pain ahead. Have held on to PFC meanwhile but would be happier with an explanation for the rise.

the AG/AU ratio is now at highest since August 2001 when it briefly went over 95, silver very undervalued at the moment, hopefully a re-rate is imminent.

I see petrus have increased their holding, they have ben very bullish on ophir up till now. I assume they see some improvement on Medco's offer is still possible?

is the form8 announcement not more to do with the takeover code rule
"If the offeror acquires an interest in shares in an offeree company (i.e. a target) at a price higher than the value of the offer, the offer must be increased accordingly."
i.e. they are stating that they do not hold any shares at a value higher than the offer.