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User SM66 is obviously shorting the stock...
Funny making a fake narrative, if you've held shares for so long why would you sell now just before things are looking better than the last year
.....
A plan is in place and they are working towards fixing issues
“Petrofac continues to deliver well for our clients, evidenced by the growth in our backlog, on which very good progress is being made. Our significant order book, which now stands at over US$8 billion, demonstrates the strength of our proposition to customers and Petrofac’s long-term potential. To deliver on this opportunity and position Petrofac for the future, we are focused on plans to materially strengthen the financial position of the Group. This work continues apace and I am grateful for the continued efforts of our people, and the support of our clients and other stakeholders.”
You know what that means....
Shareholders interests come first...
No wonder shorts are closing their positions...
I trust retail investors to make better decisions and influence, it's their money just like ours at stake ....
https://www.fool.co.uk/2021/11/15/why-is-the-the-avon-protection-share-price-on-fire-today/