@BlindLeadBlind - go back and re-read your posts. Be self- conscious, re- reading will help you with this. None of what you posted multiple times added any value to anyone reading the posts in this forum. Your posts are like football commentary for trading activity! And clogging up people's educated opinions on this forum.
I honestly feel bad for every retail investor here. The fact is this horse is dead!! Why? Because:
1. Management can’t price a contract before they offer it. So it’s loss making from day 1. This is the reality I see every day. Long term contract are horrible to price up. Especially on low margins. Even with a new Petrofac these problems will continue until they hire suitably qualified finance personnel.
2. Ethics - Petrofac are rife with bribery. Senior management were/ are not committed to ethics and compliance - simple stuff but very Japanese and US company I’ve even worked for makes it mandatory for new employees to sign that they’ve received the code of conduct.
Shorters were on this since October- I wonder how much knowledge transfer happened before this took place. People think the markets are honest but they really aren’t. So much corruption and the FCA do not have the resources just like the HMRC don’t have the resources to investigate every Turkish barber that only accepts cash!
There will be nothing! Nothing at all! The future prospects are immense but PFC is at the hands of MM's! It will continue and MM's will exit nicely because they have capital to do so. Let's face it we are retail! A d4e will happen - it's not the first time in PFC's history - senior management simply cannot be trusted with cash in this company, thats the sad truth. Why are we in this situation in the first place?
Lol this is Omar. A D4E is coming our way whether we like it or not! Insider knowledge/ stock knowledge is everything in stock trading. Sadly, the bankers are drinking on a Friday with their uni mates who are shorters and this is where knowledge is transferred. People need to wake up! Sad truth is that FCA can't investigate everything this is why the UK stock market is regulated but unregulated!! Sadly retail will always get screwed!