The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Not if Duncan is doing the presentations. I know he can't help it, but he looks like my Tesco delivery driver.
They need someone with more showmanship, more enthusiasm to help sell the company. I just watched the Proactive interview and if I wasn't already holding, I wouldn't be buying off that.
Provexis, the business that develops, licenses and sells the proprietary, scientifically-proven Fruitflow® heart-health functional food ingredient, is pleased to announce that it has entered into a long term strategic co-operation framework agreement (the 'Agreement') for Fruitflow with By-Health Co., Ltd. ('By-Health'), a listed Chinese dietary supplement business with a market capitalisation of approximately £5 billion.
The Agreement, which will take full effect from 1 January 2023, gives By-Health exclusive supply and distribution rights to commercialise the Company's lead Fruitflow heart-health technology in Mainland China, Hong Kong, Macau, Taiwan and Australia (the 'Territories').
https://newsfilter.io/a/8820aa066c3a8fc81c63ff8492345dca
Not a holder but seems over done.
Yes there is. Here is is, even says on their website the case continues:
https://www.sfo.gov.uk/2021/10/04/serious-fraud-office-secures-third-set-of-petrofac-bribery-convictions/
What do you mean good try? Look at Alliance news this morning, it's in the statement:
(Alliance News) - Petrofac Ltd on Monday was fined GBP77 million by the UK Serious Fraud Office and Southwark Crown Court for seven bribery offences, to which the Jersey-based provider of services to oil and gas industry had pleaded guilty last month.
The penalty consists of a confiscation order of GBP22.8 million, due at the start of January, plus a fine of GBP47.2 million and the SFO's costs of GBP7 million, both due in mid-February.
The bribes were paid or offered by Petrofac employees to buying agents as part of project bids from 2012 to 2015. "Over a period of six years, senior executives within the Petrofac group engaged in elaborate schemes to corrupt the awarding of contracts, using agents to systematically bribe officials to win lucrative contracts by unfair and dishonest means," the SFO said.
Petrofac noted that all the employees involved now have left the company.
"By pleading guilty, Petrofac Ltd has accepted that senior executives within the Petrofac group acted deliberately and without conscience in the pursuit of greed," commented Lisa Osofsky, an SFO director. "The company's failure to prevent this conduct distorted competitive market conditions and tainted the oil and gas industry."
The SFO noted this was the third set of convictions secured by the SFO in its four-year investigation of Petrofac. It said it continues to investigate the case.
Petrofac shares rose in response to the announcement, closing up 4.6% at 182.00 pence on Monday. The stock is up 32% so far in 2021.
"This draws a line under a regrettable period of our history," said Petrofac Chair Rene Medori. "We have taken responsibility, reformed and learned from these past mistakes, as acknowledged by the SFO and the Court. Most importantly, the extensive work that we have done since the SFO investigation began means that the Petrofac of today has a comprehensive compliance and governance regime that meets or exceeds international best practice."
Commented Laura Hoy, an equity analyst at Hargreaves Lansdown: "The monetary loss will be a relief, since far higher numbers were bandied around at the start of the investigation, and Petrofac is more than capable of covering the fine...The bigger story is that the end of the investigation will unlock the lucrative Saudi Arabia and UAE markets."
"The SFO noted this was the third set of convictions secured by the SFO in its four-year investigation of Petrofac. It said it continues to investigate the case."
Is this standard wording or are the actually continuing the probe?
I dont' normally get involved in companies of this size, but what sold it to me was that two banks are competing against each on a commission basis to get the assets sold. You can be sure that they will be going full tilt to get this done as fast as possible.
You are always going to get the usual bit of profit taking after a large rise, but in my opinion this will start to gather momentum in the coming sessions.
https://deadline.com/2019/06/mark-gordon-exiting-entertainment-one-president-1202627437/
Are you sure you really want an answer from the company? Look back before the previous sharp falls here, it has a history of being leaky.
I have no position here, but the price action would be making me nervous if I was a holder. Someone is dumping, the question is do they know the details of the report about to be announced?