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Presume this guy knows the plan and am content to follow his lead.
Director dealings: Petrofac chairman ups stake
(Sharecast News) - Petrofac revealed on Friday that chairman René Médori had acquired 75,820 ordinary shares in the London-listed energy services company.
Médori, who previously served as Anglo American's finance director, purchased the shares on Thursday at an average price of 26.38p each, for a total value of £19,999.95.
Following the transaction, Médori holds in interest in 660.040 ordinary Petrofac shares.
BKB PFCVetran etc
Holiday mode still so only flitting in an out when my pfc phone alerts ping.
At the time of the 14/5p in Dec, the management did not panic and wrongfooted the market trend with the RNS. The spike to iirc 42p created gaps when it failed to hold, similarly a weaker move to 32p before retracing. These gaps need filled so momentum is taking up to 42p this run. @ PFCVetran, brave stance, high risk high reward. I tend to trim the side pots on such a move to hedge and move my average lower.
Moving average trends are all bullish and although this can reverse on the spin of a coin, we are at a breakout to the upside.
Once 42/44p breached £1 seems very likely.
Aiden is working on that plan. Content to wait as the shorters wither.
Seems to be an absence from the 'It's Over gang'
In the meanwhile, the 24/5 buy the dips side pot is looking good.at over 30% +, usually a trim.
Eyes wide open at 7am each day.
GLA
One day buyback opportunity
Main thought on your post is the title is missing a zero. It should be 250p.
I will not subscribe to posting any further on this thread.
Other thoughts are
#12 posts in 9 years
# have you read the points on this thread
# what is your agenda
# directors are buying loads
# shorts are closing
# the fix is already in
# action has been taken by management
# this will hit 250p
Final comment
Strong buy DYOR.
Liked this article (few weeks old)
https://finance.yahoo.com/news/why-big-apple-could-turn-060000306.html
Volumes
Negligible volume today but 10m on the 4th shows the direction.
09 Apr 2024 216.60 220.20 212.00 212.60 212.60 199,092
08 Apr 2024 217.00 222.20 217.00 220.60 220.60 1,014,142
05 Apr 2024 222.00 222.00 216.20 218.00 218.00 2,058,261
04 Apr 2024 212.00 220.60 212.00 220.60 220.60 10,391,556
Running higher all of April as silver breaks out too.
£6 is about to go the way the £5 did - this seems to have been the confirmation for funds to go long in PM stocks.
£7/£8 again 2024 or higher?
GLA