Member Info for my2penneth

A slow (3 year) recovery back to glorious 20% + ROCE . Earnings forecast to increase 68% per year for the next 3 years ( Simplywallstreet https://simplywall.st/stocks/gb/energy/lse-pfc/petrofac-shares#future ).

Main shareholder Asfari (19%) and Schroder's (17%) will limit any possible takeover potential.

IMB might be a possible target for takeover, but The Competition Commission ( formerly Monopolies and Mergers Commission, MMC) might say "no". Either way, the new CEO is doing a better job than Ms Cooper who spoke gobbledegook.

a good website for divi information is dividend data - a really useful reliable source.
https://www.dividenddata.co.uk/dividend-history.py?epic=IMB

I reckon that the PFC board room will be the hottest party in town tonight. An end to all the SFO induced bo ll oxs of the last 4 years.

It will be carnage!

I see MaryBr190 also recalls talk of a stupid fine amount!

There you go, there's the $1 billion fine that we ALL expected.

PFC ( their lawyer, Clare Montgomery) say they can afford at fine of ~$100m and that they would need to refinance to afford the other $150m . So, they would need to find £110m. Bearing in mind their current market cap is £600m. So they might dilute current shareholders, sell off assets, increase current debt. PFC have contested the amount of the fine. I see a 20% dilution at worse. That's about a 15p drop in shareprice but the way things have been there might not be so great a reduction if PFC can demonstrate it can win new orders which would offset any reduction in shareprice from dilution.

I was around on PFC in 2017 when it hit the fan. I seem to remthat there was talk of a fine of well over one billion ( it didn't seem to matter whether that was Sterling or dollars as the ante on the fine was repeatedly ramped up.....daily by shorts trying to outdo each other) .

PFC have a market cap of £600m. The disputed fine ( amount) is £155m approx. So talk of dilution and a resulting shareprice of 9p is complete nonsense. Just do the math in your head.
Then, as stated below, the fine does not need to be paid in 1 hit, especially if the business can show it really is an issue.

remember that shorts don't have to disclose their positions immediately.....

https://www.ii.co.uk/analysis-commentary/chart-week-petrofac-share-price-boom-just-beginning-ii521497

What's that noise..? Sounds like the squeal of a shorter...

I'm a long time holder of PFC (look back to 2017 in this forum when the proverbial hit the fan). There was talk at the time of stupid levels of fine (really stupid) and this was already built into the share price falls.

I wonder if it was a case of admitting guilt even though not guilty because it was more prudent to do so?
So, PFC will be squeaky clean now -- pity that the rest of the World isn't (and their SFO equivalents don't try to kick the **** out of their companies to prove a point and they probably wouldn't take 4 years to do it neither).

If SDR are hoovering up shares (~16% figure mentioned below) and the Asfari family own 18% (possibly more) then it might prove difficult to attain 30% ownership of shares required to trigger a bid. Who else owns big chunks of PFC and will they be willing to sell? I'm guessing SDR sense a bid is coming (somewhere down the pipeline) and have decided to buy a chunk in anticipation of making money by selling their shares to a.n.other such that a takeover can go ahead. Just speculation.

porsche.....which US growth companies do you view as worth investing in?

This is a really useful site for dividends, share consolidation info, yields , dates.

Aviva ..Next divi is 7.35p , xd tomorrow ( so, you've missed it) paid on 7th Oct. It's the interim dividend but with all that money washing round and share buybacks, I think a dividend increase for the final dividend next year must be a pretty much certainty... he says! ( fingers crossed).

https://www.dividenddata.co.uk/dividend-yield.py?epic=AV.

I'd be "going bigger" (!) in LGEN rather than Lloyds. LGEN is a Lemon favourite, not so Lloyds. Aviva has been a frequent visitor to the naughty step...let's hope AB has given it a clip round the earhole and it starts to behave itself.

However, Aviva is consolidating, LGEN and Schroders are looking to expand into Asia...let's hope they have the skills to do so.

Disclosure, I hold all aforementioned shares....fortunately Lloyds having been bought at 40p per share avg. Lloyds' should be well financed going forward ( solvency) but their move into becoming landlords ( 50,000 houses) is strange and I'd fear too much interference from the government...we've seen this interference recently with the PRA ( Sam Woods).

https://www.proactiveinvestors.co.uk/companies/news/958632/aviva-activist-ups-stake-to-over-5-958632.html

that was addressed to Snapper10 but they of course won't have time to read it.