Member Info for MaverickD

No we have a buyer of the shares - I don't believe it is retail nor as we know is it the short players. All to be revealed I believe. Waiting for another contract win RNS, forward payment receipt or holdings RNS

Well IPA what I know is that the shorts increased during the period in Dec 23 and even when it was 20p they added to their positions, with the exception of Marshall Wallace who are now exited or below notifiable level. Yet the share price moved upwards against that backdrop to circa 42p. So someone is buying because the shorts dont appear to be closing…….don’t be surprised of a 29% position showing up and a potential TO tabled.

Also on a plus note did anyone else receive an email from Investor Relations this week? I did - just saw it last night. It states: “Petrofac takes its market reporting obligations very seriously, and any change in guidance is disclosed accordingly. This implies that absent of any further announcements, the guidance provided still holds. In the meantime, our Group continues to be committed to keeping the market informed, via the Regulatory News Service , of any updates, as appropriate.

I’ve just added a bit more

Potential is now set for this to rip higher. There was the start of a bounce back and looking at the Late RNS regarding Schroders reducing from 9.45% to 3.74% on 30th Nov - helps you understand why the sp dropped from 70p to 30p at the time - shorts alone could not have done that and at the time short positions only accounted for about 4%. All these shares have been bought - question is by whom?

News leak? Offer or deal

Question is where is everyone buying……I now I want to add.

Benchmark is 30.6…….you can’t at the time of writing buy below this number - if that remains the case then there is a high probability of a strong move higher

I think you buy here has the probability is of a recovery in the sp and an even higher probability of a RNS confirming receipt of funds

British Bulls has this showing a reversal, which I sort of though on Friday - Lets see the open

31p bid offer 32p……..

The large proportion of retail traders want to scalp their gains and hence there could see this move up into the close.

There could well be some large buy orders that have been filled over the week We have seen the mms move this down from 42 to 30, so could well be a little buying up at the close.

Looks like it will get through 31p and then we shouls see some heavy buying

Looks like we are going to cross that benchmark - signals would flag this as a reversal

And she’s off maybe some are not liking the idea of not holding a short over the weekend - or we have news - sudden jump

Trend has been a dip around 2pm so just watching that

But we are still in the red and that’s what’s worrying - but a wee rally

Always good to buy in tranches at 2:20 not many wanted to pay 29.5p now everyone wants to pay 32p

I could do with anything from 26-28p to add again…..need a feck you shorters bag to go with the long term bag