Member Info for MaryBr190

Not so sure, they do a lot of JV work with NPCC and there will be subcontacting.

Are PFC a JV partner in this project too?

Abu Dhabi-based National Petroleum Construction Company (NPCC) is the potential front runner on the most recent Saudi oil terminal project, dubbed contract release purchase order 115 (CRPO 115), two people familiar with the development told Upstream.

“NPCC is well positioned to land the engineering, procurement and construction (EPC) deal, while a final award is yet to be placed by Aramco,” one person stated.

The job on offer is a part of Aramco's LTA initiative with up to 10 international contractors, which collectively carry out brownfield and greenfield developments on all of the kingdom’s offshore oil and gas fields.

CRPO 115 envisages setting up a greenfield oil terminal at Ras Al Khair, which would handle incremental oil production from some of Aramco’s largest oilfields, Upstream understands.

The project’s workscope is likely to involve multiple segments of subsea pipelines, a single-buoy mooring system and other related offshore modules and infrastructure, another source suggested.

Sources said that Italy’s Saipem was earlier considered to be in the frame for the Saudi terminal project, but is now understood to be out of the race.

Saudi Aramco did not respond to an Upstream query on the CRPO 115 bid process.

When are next results?

Towards 24th Jan 2024?

Nothing in cakendar.

Gradually, stuff that lol - this is Xaar - it will move up 30% in short order or fall 30% - does not do gradual :)

NI is British in this regard so that is fine.

Well done PD, many are in the same boat.

Good to see Citi upgrading to 431p (a hefty hike) and the dividend will soon be restored FY 2024 (1.63p initial consensus and perhaps higher seeing the stellar improvement).

£3.50 seems to be a reasonable expectation in the New Year.

At present, the consensus forecast for 2024 is a distribution of 1.63p per share. At the current share price, that equates to a yield of around 1.1%.

Dividend RR:

It’s worth noting here that the 2024 forecast has risen a fair bit recently. A month ago, the projection for next year was closer to 1.3p per share. The estimate may rise further now that the company’s performance is improving.

Citi lifts Rolls-Royce price target after CMD

(Sharecast News) - Citi lifted its price target on Rolls-Royce on Monday to 431p from 294p as it increased its forecasts after the engine maker's capital markets day.

The bank said its earnings per share forecasts were up 27% in the near term and 52% in the long term, and the target price lifted, driven by "very strong" cash generation.

"In the near term, we believe cash flow will be helped by working capital unwind, but expect the medium term FCF of well over 30p per share (31p in 2025 rising to 38p in 2028) will be sustainable and should be valued accordingly," Citi said.

"Modelling of the net LTSA creditors shows continued growth in the £0.8-1.2bn per year range, driven by fleet growth, but also taking into account of increasing engine overhauls (good for profit, bad for cash)."

At 1010 GMT, the shares were up 1.8% at 294.50p.

Redde Northgate - which last month was rumoured to be considering a £1.4bn takeover offer for bicycle and car parts retailer Halfords Group

Is this reported value real? It equates to over 620p per share.

HOLD4GOLD

In terms of funding, John said: "We have a deal on the table which we could take, but we are not about taking the first deal offered. Unfortunately we committed to a date by which we would get the deal done, but we are hanging on to get that better deal. When you look at the level of debt in the business it's really all about making sure that that debt is coming in at the right price."

Cheers TDF there are some with much higher. Nothing ventured nothing gained - GLA

PFCVetran

Stay the course plenty of twists and turns ahead.

Https://candcgroupplc.com/investors/contacts-and-analyst-coverage/

Even I would be tempted to trim at that price too.

TDF if we all declared our holdings we would have a fair % between us - there are around 173m in issue iirc. Must approaching well past 0.6% holding alone and adding. What is your holding?

Hold4Gold

Fair comment my friend, an exciting period ahead.

You could be right, there are of course lots of reasons why one posts and the last comment was only rhetorical ab not aimed at anyone in particular.

The only concern about the new debt facility is the delay in the announcement but as we all remember JW did say he would get the best deal for the shareholders and I assume that means striking as the risk of default from the company decreases and the interest rates pegged come down. If this had been done a year ago when mooted the company would have been pegged at higher rates.

Now with 2025 not being far away and the govt backing (don't all the politicians love a trip to see the yellow cranes) ad the FSS payments about to kick in and the refurbishment of the yards - it would be madness not to have already hoovered up a few more shares at the 10/11p range . Not to mention the No gas caverns running out of legal appeals.

Compared to where we were a few years ago - this is about to go down the slipway and sail into the a multibagger.

Unless not really an investor?

I will go with Jeffries and there £15 a share prediction from 2022 - super bullish :)

03-Jul-23 Jefferies Hold - 80.00 Reiteration

19-May-23 Barclays Equal Weight - 200.00 Reiteration

12-Apr-23 Berenberg Bank Buy - 110.00 Reiteration

18-Jan-23 Barclays Equal Weight 200.00 200.00 Reiteration

21-Oct-22 Barclays Overweight 175.00 170.00 Reiteration

24-Aug-22 JP Morgan Cazenove Neutral 1,500.00 1,500.00 Reiteration

Michael the share price will far exceed 30p - patience only required. Why else are we invested?

More like the boats will get rid of Rishi first - unelected stooge that he is.