could be a good start to the week? 07-Jan-22 16:36:08 131.00 217,110 Buy* 131.10 131.50 284.41k 07-Jan-22 16:35:12 131.00 348,129 Buy* 131.10 131.50 456.05k
Former CEO Asfari increases Petrofac stake by £27million in new share issue. Former Petrofac boss Ayman Asfari has increased his holdings in the company, as part of a £200m share offer to pay debt and bribery fines.
There is no reason why this could not go back up to £10.00 a share- might take 5/6 years but great company and excellent opportunity - will top up again at 1.65 !!
I think the offer is fully allocated so if some mm don’t take offer the underwriter does. I for one will take my full allocation painful but not unexpected!!
really not worried this will come back just a question of time - just have to hold on. deals will take time to come through so not expecting great results in the short term.
The board have to do due diligence to the offer on the table. I think the issues with the offer - don't like the cash and shares and the board have said the extension is to see if issues can be resolved even before the price is on the table. so can't see this happening - either another bidder comes in and the price gets to the level the board would recommend or cant see shareholders approving it.
shorters trying to pull back the sp - no chance!! with a high of over £15, This has a great opportunity to recover at least to £10 a share over the next 5 years deal is done ,
At least given at 181p but would be good to see them investing some of their own money. However some large buy orders gone through after hours great!!!!!!