The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Added here too.
Someone from Middle East will just buy the whole company soon. Pfc has big presence in Middle East. They employ Arabs and hence why the been able to start winning these contracts. Lot more to come and I won’t be surprised if Arab nation just buys an old British company
Kawash reveals, “The two ADNOC projects, which have a combined value of more than $1.3 billion, see us extend our credentials in one of our home markets and deepen our relationship with one of our longest-standing clients. They are both decarbonisation related, one by increasing the production of lower-intensity gas, and the other by capturing emissions from operational assets. Also, a key factor is the Petrofac approach to in-country value, with a commitment to maximise local delivery, invest in the local supply chain, and develop local teams.
“The TenneT framework agreement, being delivered jointly with Hitachi Energy and valued at approximately $13.7 billion, is the largest in our history. So, it is significant for its scale and firmly positions us as a global leader in renewables and new energies. It also has an innovative approach to contracting and collaboration, which brings significant benefits to the client in a highly constrained supply market. This gives everyone forward visibility, and enables the delivery teams to plan ahead, secure resources accordingly, and implement a true ‘design-one-build-many’ methodology.
“Meanwhile, the $1.5 billion Algerian contract, being delivered as a joint venture with China Huanqiu Contracting and Engineering Corporation, is the first major petrochemicals project for both Sonatrach and Petrofac. For Sonatrach, it diversifies operations and reduces its reliance on hydrocarbon exports. For us, it extends a relationship with a key client, strengthens our downstream credentials, and demonstrates our ability to expand into adjacent sectors.”
Www.oilandgasmiddleeast.com/business/exclusive-petrofac-on-strategising-energy-diversification
Buy back has started again - when is the Trade update. next week?
Don’t understand why M&S was 10%on news and this 5%down
GAME SET MATCH. GL everyone.
Come on!
Stay positive. Positive energy will get us all LTH out. Good vibes
Absolute disgrace this has been isn’t it
Marks and Spencer fans stock up on 'dangerously delicious' £12 Christmas drink that rivals champagne ahead of ChristmaS
Confluence how are you LtH with average of 72p???!!!
You haven’t been in PFC long enough to be lth with an average like that
Below was backlog of projects, up to end of March 2023.
"The Group's backlog(6) increased substantially to US$6.6 billion at 30 June 2023 (31 December 2022: US$3.4 billion), reflecting significant order intake in E&C (US$3.4 billion) and in Asset Solutions (US$0.9 billion), with three major EPC project awards in the first half of the year, which also included a six-project €13 billion framework agreement expected to provide an additional five future 2GW HVDC projects, with the first contract awarded in March 2023 and valued at over €2 billion, split between the partnership."
It is not hidden that PFC has been winning contract since then.
Legacy contracts should be coming to an end now., atleast 6/8 is completed by 2023.
PFC is an easy TO target someone from UAE. Sit tight.
I'll start, 245p.
Lot of buys here today but price is pretty steady
Bahrain has recalled its ambassador to Israel and decided to halt all economic ties for the time being, according to a statement published on Bahrain’s lower house of parliament’s website
Bahrain has recalled its ambassador to Israel and decided to halt all economic ties for the time being, according to a statement published on Bahrain’s lower house of parliament’s website
Big GREEN candles for the past couple of days. 70p will be a start.
What’s happening on Wednesday
Can you read English? Look at the rns