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Just having an hour to check round for news etc on my various shares (inc Petrofac).
Whilst checking on another chat room, I notice there has been talk, floating the idea of a possible takeover??
This, I'm guessing is pure speculation? And nothing to do with why they recently took that $300 million?
I'm the same as you here dodgepot. But do you feel it might go under that 120 line?
Sorry ... that's not a fair question to ask .... obv nobody knows. Lol
Maybe 121 is not bad for re-entry. Just a bit to start with.
I was thinking of doing the same (take a bit of profit) today.
But I'm liking the feel of this nice steady rise.
And I know exactly what you meant when you said that "generally when you sell, the sp rises significantly" lol.
Good luck to you though. perhaps you can buy those shares back by late aft, at around 2p lower.
I agree. I haven't read of any other company (yet) that has postponed results due to covid. It doesn't quite ring true.
It makes a lot more sense to link the postponement to the court case next week, and possible further news related to that.
But who am I to know what the real reason is.
Nice news this morning.