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Chances are less no one reduced stake at low level and market maker shows buy as sales.
Finger crossed after long time big deal is happen wait for the output result
3.4 million share sale maybe increase in stake or shorting will be reduced.
Any views?
Good luck
https://markets.ft.com/data/equities/tearsheet/forecasts?s=PFC:LSE
Peel Hunt raises Petrofac to 'buy'
As per the chart RSI (14) 28.32
RSI level below 30
Generate buy signals and indicate an oversold or undervalued condition.
Good luck
https://www.shorttracker.co.uk/company/GB00B019KW72/
Shorting started to be reduced now 3.5 %
Good luck
We are verge on takeover as Market capital is right now 4 billion and share price touched bottom and comming up plus result due on 3rd November 22
Very short period left plus after result of tesco broker upgrade price today
Good luck
https://www.petrofac.com/media/news/petrofac-awarded-well-management-services-contract-by-dana/
https://www.petrofac.com/media/news/petrofac-ranked-third-in-top-25-epc-companies-list/
https://www.petrofac.com/media/news/petrofac-to-support-green-ammonia-development-in-chile/
https://www.aerospace-technology.com/projects/airbus-a350-1000-aircraft/#:~:text=The%20A350%2D1000%20aircraft%20is%20powered%20by%20two%20Trent%20XWB,range%20limit%20of%2014%2C800km.
https://www.independent.co.uk/news/business/rolls-royce-nuclear-reactors-modular-b1954284.html
https://www.independent.co.uk/climate-change/news/mini-nuclear-power-rolls-royce-b2016752.html
Capita, up 8.9% at 27.78 pence, 12-month range 19.89p-55.98p. The outsourcer reports a contract extension and a business disposal. Capita secures an extension worth GBP42.7 million to its contract with Barnet Council. It could be worth up to GBP57 million with indexation and potential additional work, it adds. Separately, Capita says it has agreed to sell payments business Pay360 to Access PaySuite, a division of Access Group, in a GBP150 million deal. "The sale will help reduce indebtedness and provide additional liquidity, which together shall further strengthen Capita's balance sheet, whilst also allowing Capita to enhance its digital offerings for clients," the company says.