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When barclays given price target 200 pence @ that time petrofac didn't have last 2 months 3 contract win .So please DYOR
Kirti
Speed have you done shorting than all the best. Maybe it is doubtful to win on shorting @ this level.
Even on my thought but you have to DYOR
Regards
Kirti
Https://www.marketbeat.com/instant-alerts/lon-pfc-a-buy-or-sell-right-now-2023-05-19/
Since last two they win three contract & more contract is on pipeline. Shorting is reduce from 4.5% to 3% & share price is near to low is giving buying opportunity @ CMP worth to hold for better return. Now PFC became takeover target or in future dividend paying company. this are the main plus point. Shorter are holding shorting is give clear picture for Take over in near future.
Good luck to long time HOLDERS
Https://www.boerse-frankfurt.de/bond/usg7052taf87-petrofac-ltd-9-75-21-26
Shorter’s are always tried before result day and after result for increasing shorting to keep pressure on share price on lowest level. Yesterday after result they do not have any reason to hold shorting as they know that BOD are going to buy the shares from Market to give further clarity of the company prospect and future and that make difficult for shorter to recollect shares from market.
Within two weeks I can see the share price are going to bounce back to 1 GBP plus. In the result No Right issue that will clear doubt from the market.
Fingers crossed & good luck to long time holders.
Copy from Advfn Board
hTtps://www.shorttracker.co.uk/company/GB00B0H2K534/
Now they are playing between them as they don't want to lose the shares in market.
By the way trying to hold share price this has been done since 20th April 23
One more trading day has been left and that might be busy day
DYOR
Still they're playing ping-pong game as one reduce other's are increasing. It happens two or three times. Just playing with the retailers investors to sell them @ cheaper rate for closing shorting. Otherwise it is pointless to increase the shorting after the dust has been cleared from the sky.
https://www.shorttracker.co.uk/company/GB00B0H2K534/
This is why last week shares price was holding after bank facility RNS was issued. They require time to close the shorting
Good luck
@ Gilljoe
"In March, TenneT awarded an initial package of contracts to three consortia: Hitachi Energy/Petrofac, with six projects; GE/Sembcorp, with three projects; and GE/McDermott/Sembmarine, with two projects. The total came to $25 billion worth of industrial activity.
On Thursday, TenneT awarded an additional $8 billion worth of work for the last three systems to Hitachi Energy/Petrofac, GE/Sembcorp, GE/McDermott and Siemens Energy/Dragados. The core components of TenneT's proprietary 2GW power transmission system will be built in Europe".