Russian firms suspended from the LSE
EN+
Novolipetsk Steel
Gazprom
Gazprom Neft
Lukoil
Norilsk Nickel
Taftneft
Polyus
Severstal
Rosneft
Sberbank
VK
Ros Agro
Surgutneftegas
TCS Group
Rosseti
PhosAgro
RusHydro
Magnitogorsk Iron and Steel Works
Novatek
Fix Price Group
Global Ports Investment
Globaltrans Investment
HMS Hydraulic Machines & Systems Group
Lenta International
Medical Group
X5 Retail
VTB
After yesterday market closed only one week trading left for SFO settlement on 14th February 22. Then we know the fate and future plan
Till that time let market maker play their game
Good luck
Just Reminder
https://www.energyvoice.com/oilandgas/363978/former-ceo-asfari-increases-petrofac-stake-in-new-share-issue/
Dear Q,
I understand your problem and my suggestion is that you take parachute jump out of the plane before it will go to £ 1.00
Please try to save your so-called loss and buy back @ £ 1 till that time TAKE sum rest
By the way, You are giving Target GBP 1.80 on one side and your wish to hit a lower target GBP !.00 to full fill your wish, Dear Shorter?
https://markets.ft.com/data/equities/tearsheet/forecasts?s=PFC:LSE
Recommendations 14-Jan-21 13-Jan-22 +
High 72.7% 241.93
Med 26.0% 176.48
Low -20.7% 111.04
Due to Stop loss trigger once again in market that why ftse down over night.
Be careful while setting a stop loss?
If you're long term investor don't put stop loss.
Good luck
https://www.offshore-technology.com/news/petrofac-repsol-sinopec-technipfmc-alliance/
Bought more Thanks to the Market Makers.
One thing is that PFC did not mention through RNS how much they paid Fine and Right issue went well why they did not pay early to get an account to be settled.
Any update will clear the Dust
Good luck
EU drafts plan to label gas and nuclear investments as green
https://uk.investing.com/news/commodities-news/eu-drafts-plan-to-label-gas-and-nuclear-investments-as-green-2552824
Remark from HL
With the SFO investigation concluded, it's all about rebuilding for Petrofac.
The end result was a £77m fine to be paid off in two chunks in January and February 2022. More importantly, the ordeal kept Petrofac from vying for new contracts in the UAE and Saudi Arabia, some of the most lucrative markets for oil & gas services. That's had a significant impact on the group's revenue and profits.
The group seems to be moving in the right direction under new CEO Sami Iskander, with a focus on winning new contracts and rebuilding the order book.
Cost control in its core engineering businesses means the group will probably manage a slight operating margin improvement. Recent wins in renewables and low carbon energy are also a positive, albeit a small part of the business at present. If Petrofac can deliver both new business and margin improvements, 2020 will prove to be the low point in a hair-raising rollercoaster for shareholders. The upward slope could be sharp.
Back at full year results the group was bidding on $54bn of projects due for award before the end of 2022. Having won $2.0bn so far this year the group now has $40bn of new business due for award by the end of 2022. That suggests a win rate upwards of 14% - which if repeated over the next year would actually see the order book grow substantially. There's a chance renewed covid concerns could upset matters, but having Saudi Arabia and the UAE back on the table should help.
The pressing need to win business could lead to overly aggressive bids for what contracts are available, boosting revenues at the expense of margins and profits. That's an age-old problem in the construction sector and one Petrofac needs to avoid.
The all-important number at Petrofac continues to be the order book. With the SFO ordeal now in the rear view, the company's future depends on the fortunes of the wider oil sector (over which it has no control - but which does show signs of improvement). With a price/earnings ratio some way above the long-term average, the market's expecting a recovery. It looks like the group's firmly on that path, but we think there could be some volatility ahead if covid-related headwinds continue to hold back progress.
Petrofac key facts
Price/Earnings ratio: 17.0
10 year average Price/Earnings ratio: 9.1
Prospective dividend yield (next 12 months): 1.2%
All ratios are sourced from Refinitiv. Please remember yields are variable and not a reliable indicator of future income. Keep in mind key figures shouldn't be looked at on their own - it's important to understand the big picture.
REGISTER FOR UPDATES ON PETROFAC
Half Year Trading Update
Full year Engineering & Construction revenue is expected to come in around $1.9bn, down from £3.1bn last year, largely due to low order intake and the continuing impact of the pandemic on project schedules and costs. Unrecoverable covid costs will be somewhat offset by cost control and tax provision releases, but
RWC is 15.99 % Holding & Schroders Plc 18.36% Holding
Today price down was just stop-loss triggered as per my understanding. Plus overall market was down but reputed co. has taken hit like IAG, RR. BT.A & BNC
This all will come back by one or two days
Good luck
Ministers are on alert regarding a possible takeover of BT Group by billionaire investor Patrick Drahi, prompting digital secretary, Nadine Dorries, to call in the company's boss, Philip Janssen, for talks. Under Takeover Panel rules, Drahi was prohibited from buying more shares or taking over the entire company until this weekend. The new National Security and Investment Bill, which will go into effect from January, allows the business secretary to block transactions involving more than 25% of a firm if it poses a risk to national security. - Sunday Times
In this market with good outlook and positive update.
Add a few more yesterday & today @ dip.
waiting for bounce back but happy with my holdings
Good Luck
This Xmas S/b GBP 1.50 & Next Xmas S/b GBP 5.00 plus
Good Luck