Member Info for johnychainlocker

Bang on Paddy.
Reckon it might have been shorter closing some of their postion myself, but there is definitely upward pressure building and the shorts are having to work harder to keep price within their bounds.

No point stubbornly sticking with the 'LARGEST online broker in the UK' Blubutt, when they can't fulfil the trading you require.
No explanations required - Pretty obvious THAT'S your predicament right there!!!

Well, best of luck with THAT Bowlers!
Matter of fact I'm not even invested here, can't actually remember what drew my attention to BLU, but when I saw your post on Tuesday I gave a solution to your inability to sell with HL and you replied with a thankyou.
BTW, any of you done any background checks on some of your BOD - Brian Rowbotham. Lew and King, Jeez what a history of losers!
Rowbotham (from just a very quick look) 27 directorships, of which 15 were either liquidated or dissolved, Lew one only directorship (bags of experience there I see), and King - 28 directorships, in14 companies which were dissolved, and a further 7 resignations
I'll repeat the previous solution to your problem 'fellas' , change to AJ Bell, and then the final solution, SELL before you get taken for a ride like most of the other companies these guys have been involved with (is that more to the point Blubutt?)

Not at all Old Chap!
You want to register your complaints about HL then the most effective way to do that is to take your business elsewhere!

Try switching provider to AJ Bell, you can buy and sell on their website

Totally with last couple of posts. Price has held up very well considering, not only results but also Systematica increasing their short day before the results were announced.
I have also picking up more on dips and am just about break even now.
Keep the faith ( and you JG, you sound very resentful of the company you’re invested in, hold on bit longer and you’ll be ok)

Not really qualified to make any predictions Morgan, however it is my belief that we will continue to see improvements in both revenue and order backlog, and although this will all take time I am very happy to hold. PFC are in the right place at the right time and if the 'big' players wish to carry on with their 'games' so be it, you and I are not going to influence things, but it has always been my firm belief that eventually "quality will out" and IMHO PFC are a quality outfit.
All that is required is a little patience, stop looking at the share price every day, and I see significant share price increase into 2023 and beyond.

I note the shorts have reduced slightly last couple of daye which is what I believed was happening from the pattern of trading, rise in the morning and back down afternoon.
What I believe is happening (please feel free to enlighten if you know better), is that when the shorters want to close or reduce a position they 'control' the price movements with their algos.
The mechanics are they start to close ie they have to return (buy) shares they've borrowed - this then drives the price up but they do not want this to happen quickly ie if they returned all their borrowed shares in large swathes there would be a large rise in prices, and hence they lose out big-time, SO they do this in a very controlled manner by buying frequently with their bots in smaller amounts (which is what is causing the rises we see each morning) and when they reach a price that they become uncomfortable with they then start selling pressure again, (afternoon session), but ensuring always that they retain an overall net buy for the day.
This way they manage to exit/reduce their postions with minimal losses.

Quote from Malcy's Blog today:
"This is a good contract to win by Petrofac and will be another contract that feeds through to 2023 revenues...........The shares came down too much in June and July and have rallied nearly 20%, at the very least the shares should revisit 160p and in due course 200p and higher"
Patience WILL be rewarded peeps

You were saying JG?

What you need to be aware of sterow , and a quiet word of caution, is that a different ‘entity’ at Griffins firm Citadel, according to Times article has also been shorting Boohoo-games afoot maybe?

I do rate your posts Walter, but the 'realism' I was referring to was the expectations a lot of posters seemed to have, which was that they were going to get a 'quick buck' from PFC based on the fact of how far PFC has dropped over the last 5/6 years, and that because of that it was going to miraculously recover to those levels as soon as the SFC case was resolved.
Perhaps I was not clear.

Sorry Walter , a bit misleading when YOU choose the dates for comparison. It's like when fund managers et al choose to release performance figs, they choose the most flattering position for their argument which, IMHO, is the same as you are doing - FOR EG if you go back to, say 6th Apr and compare ,say BP to PFC you will see that the 2 shares price performances are very very similar, in fact PFC is slightly better - the fact is that PFC rose to much greater height in the period to May 16th than BP, and consequently the fall since then has been much greater.
If you want to go back to the beginning of the year ie YTD, the FTSE250 has performed worse than PFC, the DOW is roughly similar and the NASDAQ is considerably worse.
Closer to home Wood group is worse YTD than PFC and if you really want to play, Hunting has dropped 46% from it's peak at the beginning of June compared to PFC peak, in mid-May, at 34%
Don't accept your argument one bit Walter!

agreed BetterX.
Value of the award is in 10's of millions not 100's of millions but still, winning contracts is the name of the game.
(Apparently Client did not want exact value of award made public, which is why it was not in RNS released Mon))
Added yesterday and I've put my order in for today. Slowly slowly catchee monkey!
GLA LTH's

called for here. Most of us , including me thought we were on a roll a bit back and expectations were high, but things have turned for the WHOLE market unfortunately. It’s not JUST Petrofac!
Wood group have also attracted some more shorting, up to 2.49% now, which is twice that of PFC.
We ain’t gonna get a quick turn around with the market as it is, without some hefty orders coming in. Patience WILL be rewarded here- “The stock market is a device for transferring money from the impatient to the patient.” quote WB, as we are all aware.
Stay optimistic and stop expecting a quick buck!
Added a few more yesterday and will keep doing so, this is bargain basement price, even if it drops a little more!

Another ‘glass half-empty’ comment from you Rifle

Petrofac, a leading provider of services to the global energy industry, sees further growth in Africa having been selected by Tullow Oil to provide operations services for their world-class Jubilee Development in Ghana, West Africa.

Petrofac’s role on the Jubilee Development in Ghana – one of the largest oil fields discovered offshore West Africa in 20 years – includes the provision of operations, maintenance and technical support services for Tullow Oil’s Kwame Nkrumah (KNK) Floating Production Storage and Offloading (FPSO) vessel.

Nick Shorten, Chief Operating Officer for Petrofac’s Asset Solutions business said:

"I’m delighted that we are continuing to grow our presence in Africa with valued long-term partner Tullow Oil. We bring our considerable global FPSO experience to Ghana, also putting us in a good position to support other similar facilities in the region.
“Petrofac has been in North Africa for more than two decades and now we are building our presence across the continent, growing local jobs, developing local skills and collaborating with local partners.”

Moving in right direction even if share price isn’t with Tullow.
Would be nice to know value of award

Mrminster-you’re dead right, looking at daily charts on HL PFC, Wood, BP all took a hit at roughly same time from 2:30 to 3pm, maybe US sellers?
Sector wide so not too worried, in fact I been fishing again

Just out of interest looks like GLG upped their short on the same day with Wood Group.
Agree with you Poker