Member Info for Paradisewanted

I believe this is massively undervalued and this should head Very North as soon as SFO closes this protracted case.

I have not considered if PFC requires a rights issue in case of bigger fine. I do believe if and if a penalty is imposed this will by way of a DPO with time to pay and PFC can afford this.

However what do other investors think? How much will they need to raise and at what price would the rights issue be?

Strongest reassurance is PFC is not going bust and is massively over sold. As soon as SFO case is closed this will fly to £2. Then next FTSE reshuffle over £3 followed by admission back in to Ftse 100 propelling this to over £5 and beyond.

Remember it went to £17 few years ago. Even half that is £8.50 so £5 is a done deal.

On the contrary seems like those who have been unjustly hired by short traders to unjustly attempt to drive this share South have had their accounts deactivated??????

Jonny- It’s ridiculous to suggest and you keep on suggesting and ramping this will go down to 78p.

Surely you don’t want anyone to accuse you working for these shorters?

This is not the only company on the stock market that has been involved in bribing to acquire lucrative contracts. He was a former senior employee will be punished soon and PFC will get a penalty with time to pay in instalments- that’s almost definite outcome although outside chance of no penalty.

Price headed South because we are coming to the end of the tax year, also because PFC is losing its spot in ftse 250. Funds had to rebalance their portfolios because they are forced to buy shares in ftse 100 and ftse 350 companies. This wasn’t the only company to head south because of the reshuffle.

However on Monday this will rise to anything between £1.03-£1.05 but will head to £1.18 or so sometime this coming week.

There’s been no fundamental change - main news awaited is if SFO is going to punish PFC and size of penalty but again PFC will be given time to pay in instalments.

This company is NOT going bust. Despite these difficult times they are the ONLY company that has a mountain of contracts. None of its competitors can match or come close to matching the enormous contracts already bagged.

This will head North and get back first into FTSE 250 in the next reshuffle pushing price higher towards £2 then once SFO sorted will enter FTSE 100 taking share price to £4-£5 within the next 12 months.

ITS not going bust - please investors don’t let these shorters or puppets of shorters get you panicking into selling and losing money this will go back up.

Expect this to close between £1.03 - £1.05 on Monday touching £1.18 next week

See link below

https://en.m.wikipedia.org/wiki/FTSE_250_Index

PFC has been fallen out from Ftse 250 today. Fund Managers always sell stocks falling out of ftse 100 and ftse 250 because they always adjust and balance their portfolios. One day after in other words on Monday 22 March same shares always go back up.

This was the only reason for today’s decline - there’s no change in PFC SFO situation.

What can we private investors do to beat up the shorters? Seriously am sick and tired of shorters. This is criminal practice and yet regulators are allowing it to continue.

Would love us private investors to do something really proactively to punish this criminal practice.

You say in subject heading, don’t have an opinion yet you repeatedly beat this stock with your down beat predictions.

Can’t help thinking you are trying to get this even lower because you know how profitable this company is and will go much higher very very quickly.

Please be honest and realistic and back your posts up with evidence rather than momentary unjustified predictions.

£15-£17 in 3-5 years

Investors can’t keep on fully blaming shorters for their inadequate knowledge of investing in shares.

I find it difficult to believe other so called reputable companies that are highly successful today don’t have dishonest current or former staff who have breached regulations for their own means.

Such people have either been caught and punished or they have got away with it. In both scenarios most companies share prices are sky high today.

PFC has repeatedly put out news releases immediately transparently publicising and informing All relevant parties about their successful new and existing contracts. Why don’t people click on the RNS link on this website or any other website to read for themselves.

This is going to go considerably North very quickly just like it dropped to record lows.

Great news is Blackrock has been reducing short positions.

https://shorttracker.co.uk/daily/

Does anyone know where we can find live short positions? We want to know reductions or increases in short positions before any RNS not after.

https://www.lse.co.uk/ShareShortPositions.asp?shareprice=PFC&share=Petrofac

Open Short Positions in Petrofac 8.05%. It’s shorters and panicky, fearful private investors driving share price down. If only us private investors hold on to these shorters will have no choice but to stop shorting.

This will definitely bounce back rapidly next earnings date 12 April. Make a note of this date in your diary and check daily short positions. As soon as short positions decrease share price will go North quickly.

Why are investors shocked about this latest announcement from ADNOC? It was staring at us. PFC have a SFO case looming over it because a former senior staff bribed Senior officials in ADNOC for lucrative contracts. ADNOC have acted to protect their credibility and demonstrate to their investors they have taken decisive action and will not allow this to happen again.

Great news for PFC is ADNOC are sticking to PFC because they are allowing PFC to honour existing contracts. They will review this position periodically on a project by project basis. They have trust that PFC is still a great company.

Great news under the circumstances. Great opportunity to buy at this record low price pushed down by traders who are clouded by negativity. I do feel PFC is to blame for not putting out a news release to settle investors anxiety sufficiently over SFO and now this ADNOC.

Paddyboy - completely agree. I hope other Investors on this forum have the sense to realise this sooner. This is a great price to trade for a quick profit by end of the week.

Sorry forgot to include the insider link

https://www.google.com/amp/s/simplywall.st/stocks/gb/energy/lse-pfc/petrofac-shares/news/have-insiders-been-buying-petrofac-limited-lonpfc-shares/amp

See insiders buying Petrofac at over £2.10 recently. Their average price paid recently is £1.79. They know more and are better informed about the current problems facing PFC despite this they have full confidence this is seriously under valued. Long holders will make money but those in it for only the short term are the traders selling out.

https://www.thegrocer.co.uk/leader/tesco-manda-might-sound-like-a-wild-prediction-but-supermarkets-are-in-play-for-all-sorts/652169.article