Member Info for Nacho99

Or a hostile bid from Venterra Group after Monday :o)
That would fix the name change issue some people have talked about.

Looks different today. At the moment it is showing nearly 900K more buys than sells.

Let me take what I said back.
When I said everything was priced it, I had not thought about a takeover.
Would a potential takeover offer be held off if they have not made the last SFO fine payment?
Trading has also been very funny over the last week.
Some very large trades being done this morning and never seen a negative number before, what does that mean?

10-Feb-22 08:34:37 116.00 150,000 Unknown* 115.70 116.10 174.00k O
10-Feb-22 08:53:07 116.00 -150,000 Unknown* 115.70 116.10 -174.00k O
10-Feb-22 08:53:26 116.00 100,000 Buy* 115.70 116.10 116.00k O
10-Feb-22 08:34:37 116.00 -125,000 Unknown* 115.70 116.10 -145.00k O
10-Feb-22 08:53:07 116.00 150,000 Buy* 115.70 116.10 174.00k O
10-Feb-22 08:52:56 116.00 114,730 Buy* 115.70 116.10 133.09k O
10-Feb-22 08:34:37 116.00 125,000 Buy* 115.80 116.10 145.00k O

Any links to any potential takeover news would not go amiss

Posted already by squadraazzura
https://www.lse.co.uk/ShareChat.asp?ShareTicker=PFC&share=Petrofac&thread=31784C09-2C3A-4F0F-B59C-00BBDCFFDE00

115p

Brilliant Broch.

You're no the first person to mention the T word today :o)

They know nothing Jon Snow.

Already posted by squadraazzura

I don't think paying the fine will change much. PFC has the money to pay the fine and the market knows it has the money to pay the fine and when the fine is expected to be paid.
It's all priced in.
PFC needs contract wins. The bigger the contracts, bigger the upside to the price.

If the results are in line with expectations, it won't change much.
Right now, I see no reason the results will be higher or lower than what the market epects.
PFC needs contract wins. That is what will move PCF up.

I've only noticed 1 big (single) sell today.
There were 2 large orders this morning which showed up as unknown.
Both for about 200k shares and around the same time (400k shares in total).
The price was bang in the middle of the bid and ask price so hard to tell if they were buys or sells.

There seems to be a solid base here.
Not gone bellow 115p over the last few days even with all the selling.
Good luck with the mortgage.

I don't have any insights or strong opinions of the management.
Not noted anything negative comments on here.
I've been in and out out Micro Focus and TP ICAP a few times on the dips and know the management for those companies get criticised a lot.
Most comments on here tend to be opinions rather than facts. Sometimes people get frustrated by paper losses and take it out on the management.
Saw the BP boss this morning on Bloomberg so it's easier to get a feel for management of larger companies when they do the rounds in the media after results rather than the smaller companies.

Dan, we all wish we had more to invest.
There always could be bumps with the Putin and Ukraine, but it's hard to tell if that's going to be good or bad for PFC IMO.
Yes we are interested in how much Schroders have reduced, but I'm also interested in who might have increased.
Yes there has been some big sells, but at the same time there seems to be a big buyer out there too.
Looking forward to see if there is an RNS to show an uplift in holdings if there is a single big buyer out there.
GLA
DYOR

Talking about thoughts, what are your thoughts Dan?
Personally I'm well impressed how with all the selling pressures the share price has refused to go bellow 115p.
It seems like a solid floor and you got in at a good price with your buy last week.
My average is now 115.3p and I don't have an issue if it goes bellow that if there is a long term decent profit.
What interests me more, is who is doing all the buying that Schroder's seem to be offloading?
GLA.
DYOR.

Welcome Dad, read your posts and will tell you how I came here.
I first came across PFC when I read this post:
https://www.ii.co.uk/analysis-commentary/stockwatch-petrofac-hits-all-time-low-should-you-buy-ii514891?utm_source=newsletter&utm_medium=email&utm_campaign=NEW-DLY-ENGAGE-afternoon_round_up_260121%20(1)&utm_content=newsletter&spMailingID=11962798&spUserID=MzUzNjk3MzM0MTAzS0&spJobID=1675490449&spReportId=MTY3NTQ5MDQ0OQS2

I didn't invest straight away but I have been in and out a few times.

Both PFC and Wood have been battered for a few years now. I know about the PFC SFO investigation and believe Wood has also been investigated by the SFO too. That along with low investment by oil companies (over the last few years) and the debt both companies have/had have also pushed both share prices down. PFC have raised funds after their share price spiked after the SFO settlement, and Wood look like they are about to sell off a unit for 2 billion so that negates the reason for them to raise funds. Since I started trading in both shares (which is under 12 months), I have considered them rather illiquid and very volatile compared to some although I think liquidity in PFC does seem to have gone up since the cash raise. Not so long ago, my oil bet was split 50/50 between the two. I had the opinion that Wood has more short term upside with the sale of their unit, and PFC has a better long term upside.
Personally I consider both PFC and Wood to be a very similar bet so I'm more than happy to trade between the two as they bounce up and down before one breaks out after some good news.
Last week my Wood holding went up in value way more than my PFC so I sold Wood and put the cash into Wood.
Wood has done better since then but I'm happy, my trading has given me another +24,000 PFC shares.
Obviously there is a lot more going on but that's were I am.
After reading your posts, just thought I would share my opinion/view.

PFC doing a Rocky IV today.
Not going bellow 115p over the last couple of days will all those big (punches) sales.
You might have got in right at the bottom Dan.

My average was 122p but got it down to 115.3p over the last 4 months or so by selling chunks on the ups and buying back on the downs.