Member Info for kirti12shah

Shorter reduce from 7 to 6.

Shorting reduced.

https://shorttracker.co.uk/company/GB00B0H2K534/

Good luck

SMALL CAP

----------

SocGen raises Petrofac price target to 27 (26) pence - 'hold'

This is only happening when some RNS due very soon and maybe Monday morning.

Good luck and enjoy the weekend.

Sharecast News) - Petrofac said on Friday that it has been awarded a three-year operations contract from Turkemengas at the Galkynysh Gas Field, in Turkmenistan.

Valued at more than $200m, the contract includes: the provision of personnel to supervise and support operations and maintenance activity; the provision of technical support and procurement services; and the development and implementation of management systems to support efficient operations of the Galkynysh Gas Field Central Processing Facilities 1 and 1A.

No performance guarantees are required to be posted in relation to this contract.

Delivery of the Galkynysh Gas Field project, for state-owned Turkemengas, was one of the largest engineering, procurement, construction and commissioning (EPC) projects delivered by Petrofac's Engineering & Construction business unit. The contract to develop the world's second largest gas field was awarded in 2009, and completed in 2013.

Nick Shorten, chief operating officer of Petrofac's Asset Solutions business, said: "Petrofac has a proud history of working with Turkemengas. The expansion of our relationship is testament to our track record of delivering value to customers' operations. Securing this contract further demonstrates our strategy to expand Asset Solutions' geographic reach.

"We look forward to continued collaboration with Turkemengas, enhancing safe and reliable

Just waiting for the shorting reduction due on traded on 29th February and 01 March 24. Overall shares traded 7 % & 2 % on those days. Should be declared after 3 working days.

https://www.marketscreener.com/quote/stock/PETROFAC-LIMITED-4005555/

DYOR

Https://www.google.co.uk/url?sa=t&source=web&rct=j&opi=89978449&url=https://app2.msci.com/eqb/gimi/smallcap/MSCI_Feb24_SCPublicList.pdf&ved=2ahUKEwiP3cW3kdGEAxWC8QIHHRqFCOQQFnoECC8QAQ&usg=AOvVaw16dTDcPnl05cqV_nX422VN

Main reason for turnover due to dropped out from MSCI Index. Maybe this is why heavily shorted for the share price and Market Capital to be reduced. To make sure will be out from Index sadly

I am looking for shares price upwards and reduction in shorting.

DYOR

No one came forward with stake holders.

This is surprising me.

Only 3 Major shareholders declared.

https://www.petrofac.com/investors/shareholder-hub/shareholder-information/major-shareholders/

DYOR

Schroders reduce approximately 5% plus shorting is around 11.5%.

So far no one has came forward with stake holders and BOD are unable to buy shares @ lower price maybe due to insider information.

I am just waiting for RNS either contact win or takeover. In both case share price move up for sure.

DYOR.

Good morning and good luck.

3, Good RNS or Big Contract win and shorter has to closing or reducing shorting will be more than 1gbp.

This is most effective chances.

DYOR

Https://shorteurope.com/details_company.php?company=PETROFAC%20LIMITED&land=united_kingdom

Once again Shorting increased and share price up i think they are using 3 days delay declaration.

DYOR

9.50% Shorting increased but no one declared increased in stake holder.

If result is normal as per earlier update then we can see bounce back.

Good morning and good luck.

Normally shorting will declared after 3 working days approximately. This Monday shorting will declared on Thursday and Friday that will be clear picture of reduction or increase.

DYOR

Https://twitter.com/Heid_oil/status/1730357333178392639?s=20

Https://www.petrofac.com/investors/shareholder-hub/shareholder-information/major-shareholders/

FYI.

Good morning

Https://www.petrofac.com/services/our-work/powering-a-sustainable-future-through-tennet-s-2gw-programme/

Rating by Broker on 23Nov23 FYI.

https://markets.ft.com/data/equities/tearsheet/forecasts?s=PFC:LSE#:~:text=The%2011%20analysts%20offering%2012,the%20last%20price%20of%2026.78.

FYI

"Petrofac Limited designs, builds, manages, and maintains infrastructure for the energy industries in the United Kingdom, Algeria, Thailand, Oman, Kuwait, Iraq, the United Arab Emirates, the Netherlands, and internationally. Very undervalued with high growth potential.19 Oct 2023"

Good Night.

Https://www.shorttracker.co.uk/company/GB00B0H2K534/

Shorter are buying and selling them self to reduce share price. You can see the new Shorter added. Only one things is missing who is collecting shares.

Stakeholders are holding around 46% & others are holding 54% So today shorting is 5.4% equal to 10% shorting compared to others.

Now time is closing shorting and what price they will closing is question

DYOR

Most of the stocks are buying and selling between them (Shorters) plus they are manipulate price by way of selling reduced and then start to buys at cheaper rate. And repeat the same procedure till they hit 41 pence.

Yesterday and today turnover was around 7%. So we can see reduction in shorting on Friday or Monday.

Good luck

Https://stockcharts.com/h-sc/ui?s=PFC.L

RSI 14 is 23 means less than 30 OVERSOLD.

DYOR