Member Info for JG68

Just as much chance as a strong move down.
Pure guesswork

Pokerchips
Thanks, got it now.

Is someone able to clarify why if the offer is 99 and bid 98.65 , how the ut can be 97.70 ?

Goes from bad to worse this.

LONDON, Nov 24 - Employees of oil services
firm Petrofac PFC.L working on several of BP's BP.L British
North Sea oilfields have voted for industrial action on Dec. 8
and 9 over working conditions, the Unite Union said on Thursday.

Every time recently it looks like breaking out upwards, another director sell is announced to reverse the price. So annoying.

But surely any contract awards would require an RNS, so it would seem that none of the contracts to be evenly awarded during H2 as Sami stated at half year, have come this way, yet.
Debt was 340 million at HY and liquidity was about 500 million, and I'm worried that debt will have increased possibly due to some of the older legacy contracts they are finishing.
Just hope there isn't a cash raise.

Loads and loads of 1406 sells

Interim results below, I hope debt hasn't significantly increased.

H1 financial performance in line with guidance with good momentum in AS and IES, offset by challenges in E&C’s mature portfolio
Business performance EBIT of US$2 million(1)(2)
Reported net loss of US$(14) million(2) inclusive of separately disclosed items
Group order intake of US$1.1 billion(3) with book-to-bill of 0.9x
Healthy 18-month Group pipeline of US$57 billion
High levels of bidding activity in E&C with opportunities expected to be awarded evenly over the second half
Backlog of US$3.7 billion
Net debt of US$341 million(6) and liquidity of US$511 million(7)
Free cash flow in second half expected to be broadly neutral

Market is clearly saying that we don't believe a word Sami said at half year.
If the December trading update is that bad, why not just get it out the way yesterday?
Maybe its either not that bad, or they're waiting on the promise of one if these contracts they referred to, to land before 20th December.
If a rights issue is required again, I certainly won't be engaging like last year, I thought 115 was good value at the time, how wrong I was.

Ditto, it shouldn't move like this just on price of oil today. Look at WG.
It's either shorts or known bad news.

Buy CPI, very cheap, going to the moon next year.
Passmores top tip.

When I read them they seemed very strong, all the market has focused on is the 9% reduction in profit bit.
I've topped up because reading those results, I wouldn't be surprised if this quarter is stronger still.
No one skimps on their pets at Xmas and with their health.

Why would anyone believe a word he says, most of what he said at half year was optimistic ramping.

It's not even as if Sami oversaw a profitable company during his tenure, yet the SP tanks 10%.
The same thing happened when Warren East stood down at RR and that was understandable.
He sounded so upbeat, promising E&C contract awards in the second half during the half year update only months ago.
And here we are, so as others have said why and what has changed so much since the summer.

It's just an ongoing joke.
And to release an RNS like that when the oil sector is buzzing today.
Not surprised the market has lost patience with this now. After telling the market that E&C contracts were expected to be evenly awarded in the second half, we get this.

There I was thinking finally an RNS with a contract!!
You never know, maybe the market will approve

Fact is this hasn't reached 30p since February.
Saw an article this weekend about zombie stocks and immediately thought of this.
I'm still holding as I think 23 onwards will be the catalyst for rerating.
We probably know already that profits and FCF will be negatively impacted this year through the last of one off costs associated with business disposals which was evident at half year.
But its extremely frustrating holding this!!!

Same here Beachfront, wish I sold some also tolerating an acceptable loss, this is just hopeless.
Been underwater all year

Stream of sells after 1.30, half the sell volume today. Must be yanks.
When the buys start again, hopefully move back up.

Could be a bad day tomorrow though.