Member Info for onsolidground

Starsailor - so just to be clear.

If there is something going on that they the Board have knowledge of - they need to report it.

If there is nothing going on - then they don't need to report it.

Which of the two is the present status quo from PFC?

I wouldn't worry about me snap chat I've got plenty of waterproof underwear and broad shoulders. Good for the rucksack but a uncomfortable like when your hillwalking though.

But I'll tell you what I don't hang around the one bulletin boards posting disgruntled c@ rp from dawn till dusk on shares I don't own. Have you honestly nothing better to do with your time and your life.

Seek therapy and get some help. You'll be a better person for it.

Can't say I haven't tried to help you.

Now into the filter bin you go.

You got those therapy sessions booked in yet snap chat? You definitely need help. May I suggest some CBT might be the one to help with that disgruntled ex employee syndrome you have.

There wasn't any RNS today snapchat

But just to keep the balance here in the same broker note.

"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." They themselves actually don't know what "IS" going on."

Just note the number of "may" happen words in there as opposed to "will" happen words, the assumptions and the fact they come down on the fence of putting it under review.

Back up with the FTSE main indices this afternoon by the looks of it.

Shouldn't be too long before the THG / Kelso plans unfold, whatever Matt Moulding has up his sleeve...

Have a good weekend and now it's offically December maybe take in a Christmas market or some online Xmas shopping.

I can officially report that I have just seen several postmen and women delivering so in our favour definitely no postal strikes this year to hold back key online Festive trading and you should be getting pretty swift delivery.

Auson probably a mute point but shortracker is the "disclosed short positions"

Forgot to add,

In 1 months time on New Years day when you review your portfolio you either look back and have made a lot of money, break even or you lose some. That's investing.

Obligation on the BoD to report adverse news just in the same way as good news.

No adverse news RNS's at PFC over the last 6 weeks of falls in the share price.

Dyor, make your own decisions and accept responsibility for them.

GL all.

Ss2020 you assume that there is so much big money betting against it. What you'll probably find is that many of the same participants have used the dips to buy shares and go long. It only took a couple of Mill shares to sink this 20% this morning but now 33 Million plus shares have traded!! Probably more to come in "afters"

By comparison with the 0.5% publicly viewable short positions (yes I do know its 0.1% to have to notify the FCA) its a much higher 3% threshold before you need to disclose that you have actually invested, have CFD's or other instruments "long" on the stock.

My point being you can short down and notify, whilst buying back all and more and not need to notify. There is a lot of bandwidth there to hide behind and particularly if you have many subsidiary companies or are working with others (illegal by the way).

Berenberg's note today if you read it line by line is full of several "may" happen sentences as opposed to the definitive "will" happen sentences and they ultimately indecisively place PFC "under review" and bat from both sides of the wicket interestingly hedging their commentsfor the 20th December.

So, amidst it all they say "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." They themselves actually don't know what "IS" going on.

Its a big gamble and risk therefore for any Institution or HF to be completely short on this just into the 20th December just in case the above scenario does play out and the valuation does increase significantly. Their will be profit, there will be rebalance of their risk otherwise tis they who could ultimately go T #ts up.

Just my thoughts but make your own minds up.

At least we now have a breather for the weekend and maybe people might comprehend what a ludicrous share price this is for the contracted work that they have.

Thanks for that Starsailor2020

So a legal responsibility on the Board to publish via RNS not just positive news but also any news in the various categories that would adversely impact the share price as well.

And No such adverse news RNS's to date.

In fact none since the falls started with the Israel / Gaza conflict on the 10th October and to be fair the BoD have posted about extending banking facilities and all the contract wins in the last 6 months or so. See the RNS tab above.

Honest opinion. It's tempting to just intelligent guess this now and go with your gut. Decisions...

That's why so many companies are getting taken over or taken private by Predatory companies or *Private Equity*. Why so many are delisting and going elsewhere and why virtually no companies are queueing up to join the LSE.

What an absolute triumph of an example for why companies should list on the LSE.

I was being sarcastic !!

What an absolute triumph for why companies should NOT list on the LSE.

That's why so many companies are getting taken over or taken private by Predatory companies or Hedge Funds. Why so many are delisting and going elsewhere and why virtually no companies are queueing up to join the LSE.

What a shining example of a UK listed business winning significant business - just what the Government want's in its push for growth, yet trashed by Hedge Fund and market making "overfishing"

Only £86 Million at the time I started writing this post. Incredible really.

Nice slice of 13 Billion Euros contract. Has to be the biggest in the companies history?

https://www.lse.co.uk/rns/PFC/petrofac-limited-petrofac-and-hitachi-energy-secure-framework-worth-approximately-13-billion-euros-5m4vmhmi6kkvcu5.html

This one a more than $600M contract

https://www.lse.co.uk/rns/PFC/petrofac-limited-adnoc-gas-awards-petrofac-contract-for-landmark-carbon-capture-utilisation-and-storage-project-4h9lul8ga92dkao.html

Just $700M on this contract award

https://www.lse.co.uk/rns/PFC/petrofac-limited-adnoc-awards-petrofac-us700-million-epc-project-uuprmn1isho35v7.html

Just a $1.5 Billion contract on this one

https://www.lse.co.uk/rns/PFC/petrofac-limited-petrofac-confirms-signing-of-us15-billion-epc-contract-in-algeria-ovla3dnfqe7kysv.html

200 Million Euro contract this one

https://www.lse.co.uk/rns/PFC/petrofac-limited-petrofac-secures-new-epc-contract-as-it-continues-to-support-lithuanian-refinery-upgrade-5r54xzuiks2v6f7.html

These are just in the last 6 months or so.

Thank gawd their winning business otherwise the share price might probably have gone through the roof.

You could maybe understand these falls if the company wasn't winning business and it has to be an absolute sitting duck for a takeover approach.

Garydav you and all the other day traders are simply contributing to your own demise and losses (and others) - by selling. Same shares being churned over and over again at a loss, whilst all the main II's still hold.

Somebody the other side is definitely picked them up. Jeez 30 Million volume at 1.30p.m. That's big compared to the small amount that was used to drop the price this morning.

As some have already pointed out - the same concerns that Berenberg raised all existed when this was 70p and to 85p of the improved Fitch rating just a couple of months back

https://www.fitchratings.com/research/corporate-finance/fitch-revises-petrofac-outlook-to-stable-affirms-idr-at-b-27-09-2023

Watch it fall, make it fall.

Then up pops the broker note to stick the knife in a bit further.

Meantimes and probably all the whiles somebody shovels up the shares in the background in the cheap. Probably some into Berenbergs back pocket this morning as well imvho.

You ought to read the scribings of Matt Moulding, the CEO @ The Hut Group (THG) who has had similar happen to his company and a share price in the past. It's now a fraction of its Sum of Parts and it's had 4 bids for all or parts of the Group in the last 2 years. He's pretty vocal on it all. Google Matt Moulding + Pond Scum or you'll find it on Linkedin and heres an associated "overfishing" article. Its why so many are gettuing taken over and delisting ofr elsewhere and why there is no queue of new listing eager to join the LSE.

https://www.retailgazette.co.uk/blog/2023/04/thg-matt-moulding-hedge-funds-media-rant/

It 's got to be a no brainer for both Moulding and for Monro, who will know him well enough.

Moulding knows he holds the key to unlocking substantial value in both Kelso and THG and when he does unlock - up both should go and substantially.

Things with Moulding are watertight and he won't be letting the City know in advance, so you have to interpret his actions for yourself.

And it all changes in a flash should they be wrong Pokerchips and this has all turned out to be yet another LSE ruse / sham event.

The CEO looked pretty upbeat and unperturbed in his recent interview on the latest contract win and they had just taken on a lot of new staff and just dished out and subcontracted major works on the TenneT contract.

Seems to me that are planning being around for a while yet.

So that's another just over 6.2% into sticky hands and High Net Worth's.

There only limited stock so there can't be too much of any sizeable volume left should THG announce any bids, seperation plans, or indeed the same happening with any of the other 3 Kelso investments.

Matt Moulding's being pretty quiet on Linkedin at the moment. It's normally about a post a week (even when he's on holiday). So what's he scheming?

Now the volume gets pushed through from those who got their orders filled on the dip.

It'll be such a shame for supposed modern markets if this turns out to be a complete ruse, fugazi or sham aimed at switching shares for the PI to the II and with some hedge funds banking multiple millions playing it both ways.

GL all

*Then* you wait for the update. Yes frustrating sometimes though it is but it's clear that company are not going to be rushed into making any early statements by imvho induced falls.