Member Info for Paddyboy1

An ADNOC RNS would be a lovely early Xmas pressie!

As i see this. Very few headwinds here now that SFO is out of the way. Final hurdle is the results/trading update. Once that is done with i think this one has a pretty free road ahead & we'll see all these lingering shorts disappear. Until results are out i'd expect a 160-180 range. Personally this share is one that causes me no headaches. Just a patience game really!

Patience needed. Results RNS should drop any day. Results will be nothing much to shout about. Liquidity is key here. If as i expect liquidity is ok, then this will start a steady, sustained rise! intraday dips are no concern. Just remaining shorts; a few impatient traders & generally poor market. Hold your shares tight. This has a long voyage Northbound but will need time!

200m fine????? go away prick!

I really never worry too much about Analyst's, FT, Motley Fool predictions or synopsis. IME they very rarely call things correctly. Regardless, anyone who's been invested in here through all the turmoil & ups & downs of the last year & longer is sure to have done far more background research & reading than any paid financial guru. It is our own money at stake here after all. Those guys lose nothing no matter what they say or predict! I've seen some mention here of Asfari being a liablity & should sell up & go. I disagree. Asfari built this business up from a small time operation of c. 20 employees into a global multinational. It was once a FTSE 100 company! Asfari is a NED & is a big asset to this company but it's appropriate he stays only as a non exec due to being at the help during the SFO stuff. He knows this industry inside out & will have so many contacts across the world. The oil services is really quite a small group of medium to large scale companies & there will be so many relationships which have built up over the last few decades. The company needs to retain this. Also from a shareholders perspective i think it's great he holds a large stake in the business rather than it all being big institution owned as he can have influence over decisions which are far more in the interests of the small investor. He is put simply an asset not a liability. I'm very excited about the prospects here over the coming months. I feel if the (overdue) trading update shows a healthy balance sheet & liquidity this company & SP could really rally. Don't forget these shares were £6.50 mid 2018 & that was with the SFO shackles on. Post covid recovery i believe the SP we see today will be looked at by many who will say 'i wish i bought that then!' GL

What a complete disaster this share really is. Can't even stay above the placing price. Utter joke. I really would have thought this might regain some respectability but no sign of it at all. I really feel PIs have been totally duped on this one by a bunch of sharks calling themselves directors!

A very nice day today. Steady rise. No silly spikes. This is a trend i hope to see continue. Slow & steady & this will start achieving a more realistic valuation. Another short reducing a bit more. Should see more of that next week. The jewel in the crown here will be the ADNOC bidding green light RNS which should fire this one into a different SP range altogether!

this looks very cheap now but has it bottomed out @146. I still think this has lower to go. No positives here at all at the moment!

hopefully in the next few days or so the remaining shorts will exit. volumes will reduce to more normal levels & we'll see a more steady share price on the rise!

yea i know, but WG is closet comparator to PFC. I was in on WG earlier this year. Managed to scrape out for small profit before big drop!

Cebo, agree with your comments. I don't like making hugely inflated SP predictions but i've no doubt that £ 4 is achievable. Wood Group were 370 earlier this year so it can be achieved. In the short term i want to see this settle over £2. I will be very happy if we hit £2.50 by year end. Just need to wait & see & ignore intraday noise & negatives!

Like most on here. I'm a bit disappointed that the SP hasn't rallied up a bit more with the recent news. That said, i took a look around at the shares that i've had under my radar for last few weeks/ months & they've all taken a big big battering recently. The broader markets are looking really a bit bad so i feel fairly content to have quite a large amount in this one now. Can only see growth & steady increase from here now!

RB, i think maybe you miss the point here. not a contract for paid work. Correct. It'll be a while before we see those type of contracts flowing in. Iskander is really doing a great job IMO. He is rebuilding a business which has really been battered to the core by the SFO stuff & Covid on top. Rome was not built in a day & Iskander must slowly rebuild confidence in PFC. This news is the sort of step which does that & i hope to see more RNSs over the coming weeks of a similar nature. The revenue bearing contracts will come in time but this is not an overnight repair job. The main thing is to ensure the company's finances & balance sheet are in good shape ready for when the big recovery job starts here. This share is a longer term play for the patient investor now. Very few headwinds here now IMO. Looking like a safe sturdy investment for the future!

i can only assume this is being held back by the lack of a trading update to confirm current financial position & put to bed capital raise concerns. This news today is potentially huge. Such a big market to be strategically alligned with one of the biggest players in!

This share is a timebomb waiting to blow!

Dan, wait till this hits the market proper. This will blow!!

That RNS should give this a blast!

Darren reckons his short average is 164 so obviously trying to create doom & gloom in desparation!

Darren you've not seen SFO case over 'so many times' A new dawn is over PFC. Shorting days are over here. Kaputt, gone adieu!

but Darren you lost all yoru money when your 190 stop loss triggered so you'll have no money to buy any even @130!