Member Info for maxdba

Boom Boom Boom profits in the room !

Not being a sophisticated investor type, but why ...

If you were being paid to manage someone elses money and had opened a short at 70p or 80p, then seen the sp fall all the way down to 15p and only to settle in the low 20's, why would you keep the short open and expose yourself to the risk that PFC's management pulls an iron out of the fire (or a fast one) that sorts out the financial issues ?

Why not take some decent money while you can ?

Surely keeping the short open isn't worth the extra money from any further falls in the sp when viewed against the risk of getting it wrong ?

Or is it that because you opened the short at 70p to 80p that you are banking on being able to close and still make money, in the event of a short squeeze that starts from down in the 20's ?

Given the nature of the pessimists on this board, they will probably make something of him being 5p short of the full £20K

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.

For interest

https://www.alphaspread.com/security/xber/p2f/summary

Have to say that it would not be surprising to see one of the shorts has reduced their exposure as we go into the easter break.

Not saying that its suddenly going to be down to 5%, but just a little nibble off the 11% might be on the cards

Thunderbirds are go............ maybe

To me short selling is like someone borrowing my car at night, whilst I think it is parked in my locked garage, and using it to earn a living only to return it to me in the morning, sometimes shagged out and useless, without even giving me a cut of what they earnt overnight.

Exactly how is a placing at 20p going to pump in the many millions that some say are needed

It is not as if the shorting crew are thinking that at quick $50M is going to do the job, they are thinking that $400-$500M, or more, is required, why else would you extend your short, as some did, with the sp below 30p

So, how much should an international contracting company with 8,000 employees, an order book approaching $10 Billion and an entrenched position in the middle east, be worth ?

35p today .... is it possible

Yesterday I would have said No, today , who knows

All things being equal (which they are not)

30p seems to be gone

40p by Valentines day

Time to sneek a few whilst it is still sub 30p

Who let the dogs (shorters) out !

HL currently showing me

Sell @ 39p

Buy @ 33p

Won't let me do it unfortunately !!!

With absolutely no foundation,
First Abbatar tour date - Friday May 27th 2022
Just leaving it out there

I am a bit lost
What is this thing called "new app"

Have been out Dinosaur hunting this morning and bagged myself a TRex, that was easy

I wonder if AM and SH genuinely thought that when they launched their VR app that by now that they would have hundreds of millions of users, just like that, and that they now genuinely believe that the fact that they haven't is nothing to do with them and that it is everyone elses fault

Further, should the Napster/MVR combo prove to be successful, as many here hope, perhaps they now perceive that they will not receive the riches and adulation of being a 'Steve Jobs' like figure, something that they perhaps either aspire to be, or believe that they are.

From memory Steve Jobs appreciated share holders and delivered value to them.

@HarryCaul - what makes you think this is the bottom ?

I understand that a tin of beans has aleady been procured as a stand in

Good news whilst 'coming soon' can't come soon enough

If you want a dose of reality, look at the traffic metrics for www.napster.com at;
https://www.similarweb.com/website/napster.com/#overview

Daily site visits at the start of 2021: 2M
Now : 1.5M

Seems as good a measure as any to watch when things kick into gear

For comparison www.spotify.com gets nearly 400M daily visits