Member Info for MaverickD

Looks like some seem worried here because they can see the volume building it is going to pop upwards - seen it before as this one moves quickly. The market is definitely buying the news........loading up time!

Kind start.....load up time but cant get a price for 550K

I think it was a well rounded update across its stable of products - will see if the market sees it the same way. In Nov 24 months ago we did see a move to 32/33p.......so who knows. Avion are still there and pushing Lupuzor forward and commercial ties ups on the cards elsewhere.

Lets see the move as they have essentially received 8% of the market cap in cash and Tanz looks like it is game to pay and with that the sentiment improves yet again!

Can certainly see value - market cap does not even cover the 40M that Ara will cover for our share of works, nor the value of our 25% holding. Base valuation for me is £50m - so about 1.5p

They will - have been holding a number of years for the promised land

Over the last few days have been strong especially last Friday - soaked up any sells. These orders filled I think we are set for a move higher........1p would be nice again, but I think significantly higher

There is that chance that the MMs and short sellers will want to get this sub open offer price as many would have been caught out yesterday and to benefit from any overhang should not everyone take up their allocation.

Yes the record date was Monday night and hence why I sought clarification from the board and my broker. I took the chance to sell down 70% of my holding yesterday at £1.44 and will use those proceeds to take up the open offer and if possible subscribe for more. In any case if we do end up around the £1.20 mark or possibly closer to the open offer price I will re-stock the cabinet. I was just trying to show capital discipline yesterday.

Think there will be some news soon - all those buys just been filled

Buys all being filled - news anyone?

Great record date is there on the recent RNS dropped this afternoon - it was yesterday. I'll add

Do we know the record date here for the open offer - it would have been yesterday's close I am assuming?

Should say rights under the open offer of 1 to every 4 held as of the record date last night.

Petrofac Ltd, down 22% at 122.80p, 12-month range 90.66p-203.34p. The oilfield services firm reports a widened pretax loss for the first half of 2021 and booked a USD106 million provision related to the penalty imposed by a UK court on bribery offences. For six months to June 30, revenue falls to USD1.60 billion from USD2.10 billion last year as pretax loss widens to USD91 million from loss of USD48 million. Separately, says it is to raise USD275 million via a share placing and open offer and will use funds to pay the UK Serious Fraud Office fine and existing debt. Petrofac is placing 87.1 million new shares at 115.00 pence each, a 27% discount to Monday's closing price of 158.00p.

Will claim my maximum, but will keep some powder to the side if we were to revisit sub £1.10

Rojo check the spread - quite a few buys. I bought more today at 0.715 and that is recorded as a sell.
Last week I was getting 0.734 or something like that and all those buys were recorded as sells due to the spread.
Always best to check through dummy buys as opposed to looking at the orders

Well on the back of significant contract wins then I would imagine the dividend policy will be reviewed. Currently lets get through this year and pick it up in 2022. Gradual reinstatement is no doubt on the cards. Oil to remain over $75 for the rest of this year for sure

O&G is popular again!!! And PFC will be a front runner based on performance and relationships it has with the Saudis, UAE and Russia

No he is not - you know where these fell from 5 years ago and you do know oil is well above $79 a barrel.

Price action suggests we may have a leak?!

Up she goes