Member Info for Paddyboy1

Amazing how this holds up @ such an expensive price!

a fine investment at 0.004p for sure, at 0.28, haha LOL!

'We are currently very cheap' No this is hugely over expensive. Wait for the huge tank down to next to zero when people realise they've been taken for a bunch of fools & just funding directors lifestyle!!

Could be famous last words but looks to have stabilised a bit this morning. Hope that 39 is the bottom. I'll give this couple days & will add here if no further falls!

There used to be a bloke called Aye who ramped this up on other boards when it was 0.59 saying it was going to 10 bag within weeks. Is he still around?

£500k in the bank. £100m MC. having a larf. PIs being taken to the cleaners & well & truly laundered here!

dead duck this. 0.010 buy in. you have been warned. Ponzi scheme if ever there was one!

JTD, the option exercise price is 110. vesting in 2024

I think his salary is £450k a year. Nice little number!

Morning Stew, i know you're in for a big haul here as am i, so last few days have been painful to watch. Great to see you buying. I'm thinking now of doubling down here. This drop is insane. 40%+ drop on 13% revenue dip is crazy. Keep the faith. This will see better days!

Remember every share has a bounce level. Every one! if not it is bankrupt!

JTD, i agree with your comments 100%. Existing shareholders need to resist any panic selling. This is sure to recover from here!

lets face it, if it dropped much further it could buy itself out with the cash in bank. I expect that's all gone on BOD company cars & salaries now. Difficult to fathom how a company which made £6m profit last year can have got to this level. A really bizarre share!

Not really enough detail in the RNS to make an informed decision whether this is going completely nowhere or not. The revenue has dropped but they had said to expect it to fall in the previous statement. That rev fall is the main basis for the SP drop. They've said this will grow in H2 & beyond which you would expect during the transition period & new contracts coming in. Personally i will wait till the results which i think are in September to see some true figures here. Particularly interested to know what the cash at hand position is now. None of this was touched upon in the RNS. As far as i'm aware there are no 'going concern' issues for this business atm. Better to wait & see on this one than cut & run IMO

Good evening,
It's not uncommon for valuations in this sector to be at 20x ebit.
Our valuation is about 4 times ebit and I thought this was due to something about to be uncovered perhaps, but that proved to be incorrect.
Acquisitions are rife in this sector and this company will be flashing on many radars right now.
This leads me to question what the appetite is of major shareholders for a sale? Perhaps they want to cream the profits and why not? Whether through a takeover or a natural correction in the share price, I'm extremely confident we'll see £2 soon and I'll continue to build my position in the meantime.

So BTB. How much did you build it to??

i doubled down on Petrofac earlier this year & turned a huge loss into a huge gain within a couple of months. It's a risky strategy but as said. Look at why you bought the share in the first place!

JTD, i agree with your sentiments here. My view now is that this company was floated in 2016 at a price of £1 per share. 5 years later it is now valued at half that despite acquiring another company along the way. It has reached a high of £5 at one stage & today's prices are now all time lows. I will wait in this one for a few months & see where it goes as my view is the company is just being mismanaged. I think there must be value here somewhere but only time will tell!

Agreed, analysts; Motley Fools; tipsters all spout a lot of cack in my experience. This bloke said buy @85 too, now sell at 50. How can anyone take a twat like that seriously?

On the positive side i didn't buy this @250 LOL. Mid 60s. It looked like a bargain at those prices. A lesson in greed sorely learnt. Hindsight's a wonderful thing but really the signs were all there that all was not well here! Ne'er mind, i do feel this will recover from here but will take a bit of patience & time!

a huge over reaction. The TU was poor but this is unwarranted. Crazy to sell at these prices. This will bounce back up at some stage!