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The original reason I came here (to put pressure on these guys)... but after reading into Petrofac I decided to stay for the long term and started to accumulate. I got lucky with a couple great RNS's in the mean time and the future is looking really good.
They are just one RNS away from having to buy back all these shares at once... or go broke.
I suppose when your this deep (for them) it's go all in or go broke. No more tools in the box.
An MW reduced 0.08%...
So there is some unrest between the shorts it seems.
Give him his due, he has helped us get on LSE chat boards Hot Topic #1 position for the last 10 days.
That's some impressive exposure.
As always, it's best to ignore the neg heads, don't rise to there nonsense and give them any reply.
Holding calm and confident here.
And when I do feel a little dip, I just re-read the last RNS and all the positive things worldwide in the pipeline for Petrofac.
Prior to the next Earnings release (Projected for 28.02.24) I would expect we hear from our NED Aidan de Brunner on our financial position. This could be at any time. I have no time line expectations for this (I would assume prior to Earnings release), but I am ever more optimistic (Week on Week) that Petrofac has turned around and no longer looking at a dooms day like the shorts would have had us believe a month ago. One thing adding to my opinion here is the fact were still wining major contracts... the double bullet ofcourse was dealt on the 20th December with the 2nd Tennet contract. As always DYOR but having done my own, I'm here to stay.
Just placed another limit sell of 250 on a couple thousand more. The future Orangemoon thanks the present Orangemoon.
3M (the company) will come calling soon.
Marshall Wace Llp Reduced short by 0.1% on the 27th November... Share price rose 20%. Any coincidence?...
If this was them dipping their toes to see the strength of the stock while they buy back... They are in serious trouble.
All instigated by RNS on the 20th December... as days get closer and closer to results and further update on financial security. Where does this leave them.
Buy and Hold.
If my hands were any stickier I'd be getting poached by 3M.
@Jxp101... Maybe you read that wrong, I meant Helikon tried to bluff us on the 20th and failed. Which seems more and more likely.
Hahaha :D if only... sign me up that double whammy. Oh how the tables have turned.
Jxp101 A few here also suggested that their short increase on the 20th December was a last ditch attempt to slow momentum... This was at 30p. This looks more and more likely now and at 40p, very foolish. Unfortunately for them we did not take that bait. :D
Yes, looks like the writing is on the wall here.
They have truly been rumbled. All that's needed it to look in the right place here to see it. History charts don't lie.
Completely agree with you Mary. Were all on the same page, those of us who are literate and can foresee the tsunami building. Writing is on the wall here so to speak. What a difference a month can make.
Very happy and confident to be in PFC at these low levels. Holding into 2024/25 will give some great returns.
Good to see all the positivity around petrofac last night on this forum. 1% neg heads still hanging around. (They will probably still be trying their best at 100p)
Alot of positive sentiment off the back of all information now available and the road upwards looks to be an interesting one to say the least. GLA
Not at all 😁 still adding and holding.
Get yourself back to specsavers then Daggers.
Buy a dictionary aswel while your at it. Maybe you'll learn a new word other than 'over' or 'bust'.
😂😂😂😂
You've said this the last day for the last 10 days...
Haha
Apologies if anyone has already filtered that clown. I daren't disgrace any more threads with his mucky name. This was just too tempting lol
Keepplugginaway... your valuable information is required on another thread here. We may have another punter. Perhaps it's a relative?...