Member Info for MaryBr190

Posted at 25/1/2024 12:40 by tahmina1

JakNife. You are ruling out the possibility of refinancing by the huge corporatiosn that rely on PFC like ADNOC and others who are pushing a stong multnational agenda

One whiff of balance sheet stability and this will soar on the contracts already won , with those who bid all well aware of the debt position

How can PFC be in a worse position that when their share price was much higher yet we were in the middle of COVID and had a ban on bidding for contracts in the mid east!

Courtesy of whites 123... sums it up well....

Will Shorts Closing fuel a rise?

Damned right it will: As each penny point increase we see means the shorts (Of which there is approx 11% of issued shares being short sold) see their profit point diminish.

This also means those with spreadbets open short sold mean they lose: :-)

Maintaining a steady increase means that each position short sold will be re-evaluated and the owners of those positions will wish to preserve "winnings".

It doesnt help them much either that any funding requirements will be much better placed from a position of strength.

The thing that is cast iron certain is they need to close out at some point.

Those with open short positions will have seen them lose some 10 points off of any unbanked "Winnings". At what point do they say to themselves "We need to close out and bank profits?" because with that amount of shorts will increase the share price further which in turn will stimulate other holders to close out.

Short squeeze anyone?

Burn baby burn......... Disco Inferno...... LOL

As Armbar correctly posts this is not going down and will rejuvenate and fly.

Its going to be interesting to see the shorts closing out and hurting.

New contract announcement anyone?? :-)

PFC = STRONG BUY

No D4E.

JV possible.

Further Guarantees possible

Asset sale possible

Cash injection possible

D4E at 4p..... LOL..... LOL..... Ohhhh stop it...... LOL

POFCY

11c equated to UK 15p

IIRC correctly 30c equated to around the 42p spike

21c = 28p to 30p

Hard to correlate to UK other than the direction of the move which in generally follows Londonrather than leads.

80.01342p for me.

Many in the UK work for McDs too

(Amers I know it is not that one :)

Working for M15?

Only in the Alfred E Nueman sense.....

https://wallpapercave.com/wp/wp4331737.jpg

Amers

https://i.ytimg.com/vi/TzZ0oI_1g1Q/maxresdefault.jpg

This fat lady is on the picket line striking for a SP rise.

She is on the warming up to sing and then it is over....

But over for Helikon Astaris Millenium and Whitebox, not PFC.

DYOR and only invest what you can do withou5.

Sit pat not pay 🙄

Hope that makes sense despite a few typos.

Yes JG Hold4Gold but don't just sit pay, add and trim along the way while the trend continues. I see this doubling from here, however general market sell offs and rallies exacerbate movements and it would be a shame not to try to use that to improve you position by lowering the average and adding to the holding.l during those times.

Great weekend to all. Buy the dips here.

JG

A few bones to pick over but not a recommendation for other to follow DYOR.

Normally trim 30% on a strong move up ( eg 20% spike on now news) or more and the 92/58 is an almost 60% rise so have held longer than usual.

The trajectory here, and for all shares tbh, is never in a straight line. SP travel alone today has been 91 to 87 and back to 92. Multi 000s of movement on a large £ value of committed funds not cspture so decided to focus on stage 2 (stage 1 being the snooker racking)

Mobico not traded much since the tranches purchased in Oct 58p ish.

Since mid Jan the SP has travelled 89p to 82p up to 91p the in a day 87 to 92... 21p not captured by just holding. Could have worked my average down so trying now.

Stage 2 aim is for a move towards a £0 average or below.

Trimming only 10% at 92 leaves a marker/ breadcrumb that can be rebought with funds released should SP retrace. If not still have plenty of skin in the game in this one (too much in 1 share to be honest)

OTB is currently a great illustration of a SP not going in a straight line. With OTB snooker racked in, trimmed and added on spike days with several breadcrumbs left in the 177 179 area and a sub 30p average cost of a nice core holding.

Expect to do the same here as gap can get filled.

Look at many shares and the moves over time. It is easy to see that holding a share without trying to improve the position does not give a decent return. A,SP can be the same 1 year on but the sum of uncaptured daily movement Iver that time may equal 100% of the share price. No one can capture all of the moves but this strategy has given great returns. With patience.

HTH

Have a great weekend.

Mx

Ty for posting. Certainly will trade higher during 2024.

Still on the 280 320 range which will push through higher Trim add, plenty of time to build a large position.

Thanks for your posts. Have a great weekend Hope.

Sneed

Trimmed 10% of holding next trim at 109. Good to see a solid close over 91p... bodes well for 2024.

Nice move up today, trimmed of course.

Actual close 32 22 / 32.24

The off book trades are on the link too and yes, someone got mugged at 35p.

https://www.londonstockexchange.com/stock/PFC/petrofac-limited/company-page

Readded thanks for the dip.

Tend to agree. Have a nice low average cost on this one and trimed at over 178 a week before Christmas. Not in any hurry to rebuy until is goes around £1.30 but this seems settled a these higher levels.

Buy low sell higher