Member Info for onsolidground

Thanks also for posting the full article oilheadgame. Actually explains the situation in a balanced and pragmatic manner and showing the likely assets for sale and how that would provide a solution. Interesting also that the problem only developed this year. It also highlights such a lowly market cap compared to the order book so I'll happily hold and wait for which it is to be. Asset sale or Predatory interest.

20p and a market cap of only £104.5M now. Some large assets up for sale presently according to Upstream.

But why not the full group!!

https://www.telegraph.co.uk/business/2017/11/16/market-report-us-oilfield-services-giants-circle-vulnerable/

An interim dividend6 of 5.1p per Ordinary Share will be paid on 15 December 2023 (H1 FY23: 5.0p)

Will probably take the opportunity to reinvest mines when it filters into my account.

OhhAhh I thought similar with the 110p for there are plenty well documented rationales out there with Sum of Parts valuations being 225p. (Liberum etc) and even that I think is conservative.

But don't knock it too much for it is always good to see another forward facing analyst / buy side. The more of those we get then the merrier.

It's been a good day today for THG but we got eclipsed by Boohoo - up 8.34% and Ocado - up over 11%. That's despite the positive broker comment.

A bit of catching up to do and especially given what is also bubbling in the background (Activist Investor Kelso's RNS to the Board, MM's and Colleague's reverse stakebuilding in Kelso and also with OMVK breaking ranks - what's next).

Johnychainlocker it serves to highlight the sums that can be involved here. They clearly have pipelaying assets and vessels as per the Upstream article. That is what the Upstream article is saying they have for sale.

Like I said. Worth doing some research later to see what they have in both sets of assets which the article says are for sale.

$700M they paid for it?

Just for the 1 ship.

Sorry, missed the story link,

HTTps://www.upstreamonline.com/finance/petrofac-aims-to-sell-upstream-and-vessel-stakes-amid-cash-crunch-and-performance-bond-issue/2-1-1570104

Might pay to do some work on these

PFC "aim to sell" its upstream and pipelay vessel assets.

Or that it may even be considering selling it's Huge UK North Sea operations and maintenance business

Here's a starter for ten on one pipelaying vessel

https://www.reuters.com/article/petrofac-imbestment-idUSL5N0JK4FC20131205/

Responded nicely, just as all in the sector have.

It's two substantial assets that look like they are up for grabs.

Probably divisions in their own right.

Either will have a transformative effect on a FUD shorted share price with a market cap of a mere £100M and an order book of > £6 Billion.

You don't need a Snellens eye sight test to work that one out.

Https://www.bioenergy-news.com/news/uk-government-invests-2-billion-in-green-hydrogen-projects/

And guess who the Chancellors favourite is in the Hydrogen Energy sector?

https://www.linkedin.com/posts/itm-power_jeremy-hunt-jeremyhunt-on-x-activity-7131605259910537216-mbsB/

New Analyst - seems to be forward facing.

"Shares in The Hut Group-owner THG PLC (LSE:THG) jumped over 4% to 85.72p after getting a new 'buy' rating from the analyst taking over coverage of the online beauty and wellness retailer at investment bank Citi.

Monique Pollard, co-head of the investment bank's European internet research team, said she is "encouraged by improving underlying momentum" in the group, led by the THG Beauty arm.

A return to sales growth of 4% at constant currency rates is expected in the current quarter, rising next year to 10%-plus, the analyst predicted.

Revenues were down 5.5% in the nine months to 30 September, according to a recent update from the company, which revealed declines in all areas of the business in the third quarter but a return to constant currency growth in September.

Pollard forecast an expansion of gross profit margins thanks to reduced whey prices in 2023 for its nutrition business and "more normalised" Beauty manufacturing margins in 2024/25.

This, along with continued control of operating costs, underpins Citi's forecasts for operating profit (EBITDA) margin.

Based on these forecasts a sum-of-the-parts valuation, helped by improved disclosure on profitability by business segment, results in a share price target of 110p, offering potential upside of over 30% to the last closing price of just over 82p."

Can we just ignore replying to this individual.

If my green coffins are anything to go by then including today this same individual has spent 3 full days of relentless posting and wasting their own time on here only for the share price to recover. Bigger the fool them that they couldn't see the opportunity to buy in at sub 18p.

If PTC sell assets or get strategic investment, and Upstream seem to be suggesting tow large assets are on the table, then this looks very undervalued. (Most of that undervalue has been FUD and shorter undervalue imho).

Sorry I missed the ink off.

So it's specific on 2 assets that might be up for grabs.

https://www.upstreamonline.com/finance/how-petrofac-aims-to-address-its-cash-crunch-and-restore-investor-and-banker-confidence/2-1-1570104

The PFC share price got to the other side of 25p after the RNS on the 4th December mentioned various options over and above all the FUD ones on here.

But none of them were as specific as stating that PFC "aim to sell" its upstream and pipelay vessel assets.

Or even better than for Upstream were also told that it may even be considering selling it's Huge UK North Sea operations and maintenance business

The upstream and pipelay vessels (O+M business) alone has to be worth far far more than the present market cap.

The article describes it as HUge.

Happy to tuff this one out on what seems to be over exaggerated FUD related falls.

Not saying in the slightest that they don't have to sort out their balance sheet but it's clear there are valuable options on the table that others have not been considering.

Always remember what Berenberg said when it batted both sides of the wicket and placed PFC under review.

"Alternatively, if the company is able to overcome this liquidity crisis, we believe the outlook could be brighter and valuation would increase significantly," said the analysts."

I hold as there seems to bit after bit being drip fed into the market about asset sales and if that happens UP we go. Bonds needs a solution 10 months down the line.

I'm seeing a load of green coffins. Can somebody just impart that if anyone I have filtered is trying to converse with me then I can't see them. They get placed on filter for 1 of 3 reasons. Paid to post, swing trader changing view with their position or shorter.

It's interesting that brokers actually move to "under review" from previous recommendations in part to guard themselves against litigation.

Bearing in mind the present market cap is only roughly £100M how much would they get for a sale of the Huge North Sea operations and maintenance business? £6 Billion plus also of orders.

Sum of Parts must worth significantly more than where we are at. Significantly more.