Member Info for MaryBr190

Political manipulation.

Yes higher deaths admittedly but back to 2008 mortality rates and lower deaths than in the 1990s.

Did the world stop in the 90s?

Every death is a tragedy but even the BMA show the covid deaths are marginal parts of the 15k average monthly deaths deaths and many are with covid rather than because of covid.

No offence meant but a common sense approach is needed.

The reducing pool of seriously at risk individuals would also seem to be accepted by government worldwide. The conspi******s would even call this preplanned by the elite.

The overall deaths in 2020 & now are not statistically significant.

Just an opinion, no offence meant.

https://www.ons.gov.uk/aboutus/transparencyandgovernance/freedomofinformationfoi/deathsintheukfrom1990to2020

Performance
1W +60.37% 3M +54.12% 1Y +56.76% 3Y -73.45%
1M +65.87% 6M +81.97% 2Y -56.24% 5Y -80.22%

esecallum

I do not vent often but as FCA (35 years +) I find your posts mainly ill informed. Perhaps bulls**t for brains is the new norm!

Although historic by nature and a snapshot of a point in time, if may even be useful to google self educate for the balance sheet basics

Something for you to look at 31 Dec 2020 year end release April

The interims due soon may be grim but the SFO is sorted so invetors will look through any provisioning added.

Interim release date still to be confirmed but I expect these to drop shortly after SFO & sentence are wrapped up.

https://www.petrofac.com/media/mnrnmxem/petrofac-fy-2020-financial-statements.pdf

You say
680 million in the bank? THAT IS IMPOSSIBLE.

Q
where do it say that?
A
page 133 (it is in $)
page 174 - note to the accounts - please take time to read

Q
if true then would have a dividend and zero debt.
A
- cash is retained for business needs and working capital requirements before payouts to investors, concept of prudence
- zero debt - every company has liabilities

Technically
We have smashed the 20 50 200 moving averages simple, weighted and with upside to maybe £5 in a few months.

Momentum money flow - SP is gaining momentum and going up.

Resistance at 229 will fall.

Will stall at resistance of around 360/370 and then the battle will move to the £4.

That will go but if will take a while.

A comparative may be the RTO share price from 125 to £6 once folks realised the direction.

We know the direction here over the next few years.

Why Y.
Most LT holders need much high to escape without losses.
Most ST holders have borne the brunt and the scars, unless they and averaged down.
I trimmed on the way up and have a good quantity left under 70k all bought and paid for. Will not maximise my profit but am sitting around 84k in profit in an ISA.
I will be adding on drops and selling on spikes but will retain a large core.

(think Gamestop - on a smaller scale)
The shorters are sweating because there are several unpallatable scenarios for them.

-Spook holders out - unlikely to work
-On a spike up, double down on a short at a higher risk - again dodgy as the 1st spike may not be the only spike.
-Unlimited funds, keep on shorting until the top is eventually hit - again risky (the reverse of what I do)
A quick pullback will be bought IMO so shorters need to be nimble as do longs being added as it will not last long.

On a run higher GLA
The risk to hold now is greatly reduced compared to the last time.
The shorters are no longer in control, certainly on Monday.

DYOR

tranche 2 tucked away

Each week that passes by without negative headlines is another brick in the wall - for all travel related stocks and services.

USA overweighting & upgrading travel for weeks, soon the others will realise this too. A rising air current :)

At some point there will be profit taking but not yet.

Seems Buffet made the wrong call exiting airlines at the lows.

Gives the rest of us a chance.

Soon the

Was offered placing via Prime bid at 25p.

Great post Paddy.

Travel sector takes its cue from IAG to ascend across the board

Jessica Newman

Saturday October 02 2021, 12.01am, The Times

The owner of British Airways flew to the top of the FTSE 100 leaderboard after Deutsche Bank told its clients to buy the stock. Analysts at the German bank saw the “near-term risks increasingly skewed by the upside” at International Consolidated Airlines Group and added that the stock’s price and the fact that the United States had set out plans to ease its entry requirements next month served as a “much better backdrop for the shares to kick on from here”.

The company, with the rest of the travel sector, has been one of the big losers of the pandemic. The share price fell to its lowest level in October last year, just above 80p. At the same time, it launched a $2.5 billion rights

Could be snapped up by many a company at these levels.

A tasty morsel for the infrastucture alone.

Enjoyed your post.

Re Australia, the last bastion reopening is good news for direction and sentiment for the sector. That was the point.

For me the volatility creates opportunities.
637p too hard to resist, reduced around £7. My overall average reducing with each successful trade. I will rinse and repeat and remain in the stock.
GLA DYOR.

Y11

At 120 130 or £1 as some have suggested, many others & I would be trying to pike in.

Honestly, it would seem very unlikely at this stage but who knows.

Anything can happen .

Of course I am not that naive. There were other employees involved, not just one. SFO investigations only got Lufkin charged.

I was making the point that rogue employees exist and that companies can be unaware of what every employee does until after the event.
The SFO could not find PFC complicit otherwise the settlement touted now would be very different.

Good news for PFC this drawn out Saga is at last over and the Board can get back to business (other than fatuous claims from companies who lost out).

Re the £22.5m
PFC obtained a maximum of $24.5m (£18 and saved $6m (£4.5m) by not having an effective compliance system.

IMO this confiscation order, for benefits of the crime has been agreed but these benefits have been trounced many times over by the negative impact to the business.

Re Land Cruisers
The court heard, in one case, false invoices for non-existent Toyota Land Cruiser 4×4 vehicles were produced to pay the bribes.

Easily done through lack of segregation of duties and easy to see how it went under the radar at PFC. Hardly the crime of the century.

Re the fines
Max $230m
SFO suggesting $131.5m
Montgomery PFC QC suggestion of $60 re fine part

Monday onJudge Debs to decide.

The markets and shareholders will ultimately cheer the outcome.

GLA.

I posted about a week ago that it was unlikely in SFO cases that there would be a custodial sentence for him at the end. That is the norm in these cases.

Not sure as a shareholder that I would be happy with this as it would seem crime pays. A rogue employee nearly ruined the company by his actions.

His QC plea.....

He had shown “a real backbone when it came to facing up to the reality of the situation” and through his cooperation had “singlehandedly” provided the SFO with the material to bring the prosecution against Petrofac said his lawyer.

Sticks in my craw.

groundhog day on Monday :)

but I do see the point you make. The BB article is now 1 hour old so unless it was filed late by almost a week.

was only written 23 minutes before I posted.

About to blow