Member Info for Jxp101

This is nearly 2019 PBT and at these levels is far too cheap. This should be around £3.50 with forward momentum it has got going for it. A good 2024 will see it past £4

Where do people see this rising too?

April 2018 - £6.18

March 2021- £4.93

Jan 2022 - £2.97

Are we likely to see a run to those levels?

I am guessing when thr US comes online this is pushing up north!

Petrofac would have already submitted initial proposals for Rosebank before the announcement. Rosebank going ahead means Petrofac are at preferred bidder stage potentially

Not understanding why people are selling based on forward projection this could fly past £3 by end of year. It has lots of forward momen

Takeover is on the cards i believe

Big buys coming in late

Except you don't understand what this means in terms of the value to Petrofac and its shareholders. A multi-year billion dollar contract - that gives surety of income and EBITDA for several years. This is one contract. Put another way Petrofac's market cap was £235M this AM. They then add a £12 billion contract at say margins of 5-8% that equates to £96M a year for one contract in EBITDA. Roughly a quarter of its current price.

Agree - they will buy in.

This is true gamechanger and having bought in at various points over the last 2 years i hope i can see a profit. Good news was delayed people got itchy feet and drove the price down. Petrofac is not a small player - their history says its all....i expect much more in the pipeline. This cannot be the only contract that they have or will secure.

This is going up once the US come online....back into the 90s

£1.65 per share will be the takeover price.

It will be sold for around £1.70-£1.90.

The issue is the lead times for fulfilling contracts. Other issue is BT is offering this solution already.

I think the valuations are possibly about right if not on the low end. Petrofac need to secure new business and return to profit. Which sure enough with time will happen. When we go back to when the SP started its dive the SFO investigation triggered much of fall. That has now gone away and with the ability to pick up new contract the SP will go beyond these valuations.

Why do they need to raise capital - i would get it if the fine was £400M this is peanuts. City banks will make a facility available and repayment over 10 years. Debt is cheap and that is the way this will fizzle out.

They are burning!

https://www.energyvoice.com/oilandgas/353943/petrofac-fined-70-million-by-uk-court-for-bribery-offences/

Yes lets hope you patience pays off if all is in order on Monday. Petrofac are no small player.... I was lucky to pick this stock up at £1. I hope it makes it to £6 or even £9 (in the long run)

Lufkin was a 'backbone'....after he got huge bonuses for dodgy dealings. Agree that Petrofac had internal control issues to have not questioned these transactions. That said in the Corp world when Senior Management tell you to do things you do it.... I cannot see Lufkin alone was rogue and former Senior Management were well aware i should imagine.