Member Info for r7632

Obviously Teslas risen steeply. But it have Freemont and Shanghai producing around 1.2 Million cars as at Dec 2021.
It has Texas and Berlin Factories coming online this year. Both bigger than Shanghai.
Freemont and Shanghai also expanding this year.
Tesla 4680 Batteries will be so much better than those used in competing Brands
Tesla only company chasing down AI and Full Self Driving
They have the fastest and longest range EVs that cost under 60K (there are some that can match but cost over !00K)
They have Cyber Truck an Semi
The have Battery Storage
They have Tesla Insurance
The have the Supercharger Network (opening up to other EV owners)

They have so many revenue streams and do in my opinion produce the best EVS

Competition :
Ford - NO,
GM No,
Stelantis No.
Toyota - No,
Honda No.
Kia/Hyundai - Yes.
VW Group (Audi, VW, Seat, Skoda, Porche...) - Yes
BMW - some
Mercedes - some
Renault - a Little
Polstar - Yes
Mazda - No
PSA Group : Yes

But none on the scale of Tesla

Price target 1600-2200 usd by end 2022

I think they have so much momentum they will force many legacy manufactures to the wall. The legacy manufacturers carry huge debt old factories, old technologies and are not agile.

The ones I see surviving VW, Hyunda/Kia, BMW, Mercedes, Polstar - the rest need to get moving quickly.

Battery Electric car sales in UK in Dec 2021 11.6% of Market. Second best selling car in UK in 2021 Tesla Model 3. Government legislation around the world and Europe means ICE cars are dead and resale prices will plummet if you buy .one.

My worst stock purchase has been BCN - too long to see results. Gobbled up cheaply by Chinese, Bad decision to invest in it.

I decided it wasn't worth waiting for the Zinwald shares with a static share price capped at 67.5p. I Sold all mine @66 ish and moved on some months back. The risk was too high that Ganfeng would win and so I didn.t see any point in leaving my money there. Not what I was hoping for. But now more heavily invested in Tesla which I think is in for a good year - volatile but safe bet

Quetta wow. I have some from a few years ago - over £4 per share.

So your doing well - stop complaining

Hmm so those that took up their options to buy @115p are now in the money vs not doing so. Yeah

As far as I can see the SFO Case over. Funding for SFO Fine is done and dusted. Covid 19 - Hopefully they are expecting 1 Million cases per day (UK) sometime in January with relatively low percentage of Hospitalisations and Deaths (not nill).

So Considering I was in this share when it was £6-£7. Turnover and order book down since then.

Latest Broker Forecasts £1.80 to £2+

I would say patience will reward those that have a 6 Month Plus time horizon.

If you think that other shares have a better outlook then sell and move to them.

I'd personally like more Tesla shares and am working on that by moving Brokers. But I wont be selling PFC to buy them. At least not until they have reached the Broker Targets or I feel they wont reach them.

Merry XMAS All

I sure I saw a Advert from PFC when watching Youtube.

Don't normally notice adverts. But a PFC Shareholder I did.

The Market is reacting badly to Omicron Variant and the Febs statements.

Keep calm. Be patient. Check again next year.

Well the SFO has been a huge drag on this share. I was in when it was around £6 a share. And the SFO case had been going for some time. Sentiment has been negative for so long it will take a while for that to go away.

But on the the other hand like many others feel this is a good company and realistically this should be worth £2 - £2.40 according to the broker targets

Broker targets are may be for the next year to 18 months.

If you cant't be patient for that time for a 100% + return then go find somewhere else to invest.

Or try Ladbrokes

The story I read was that it developed in a highly immuno suppressed individual. Like an HIV/Aids sufferer not having treatment.

And yet they survived long enough to have loads of mutations and pass on the virus.

So if someone like that survived I assume it is a weak virus not causing serious harm to those that get it. And in fact may create antibodies similar to someone being vaccinated?

Pure conjecture of course. But past experience shows deadly viruses mutate into worse and less harmful versions. And over time become less of a problem as immunity builds in the populace. The phrase Herd immunity comes to mind.

Hardly is Saturday

Normally the SP is related to Price earning ratio and Projected Price Earning Ratio.

New contracts lowers PE and SP normally rises.

The main things holding this SP back are settled. SFO. Fund Raise. Paying the Fine. All settled.

So good news on Contracts which will be easier to come by now SFO case settled.

Things can change quickly as is market sentiment towards to Company.

But I'm happy with where I think this will be.

I think HL says for your ISA account you can take up your entitlement in the Fund and Share account.

Presumably because you may have already used up your ISA Allowance.

Barclays and Hargreaves had it on their pages. You can take up all, some or none of your entitlements,

Its already dipped to 129 from a few weeks ago. The 115p shares are already in the SP

Barring any bad news it should fly. Post SFO closing the case it was in the 180p range. So assuming 16% dilution you are looking at 151p.

Only way is up . Just a question of how quickly. These things can catch people out,;

Bare in mind the 180p was pre cash raise. So that's another hurdle put behind them. The fine is financed. So speculation on that is now gone as well.

SFO gone, how to pay fine gone. reasons for them not being allowed to bid for certain project now gone. Covid gone. Oil price recovered. GDP on course to grow strongly as part of Covid recovery.

Look for the positives - see where the SP has been pre SFO case. Can it get back there?

In Barclays you can enter online how many of your entitlement you want to take up. But you must have the cash in the account first.

HL show a line for the entitlement but it doesn't look actionable yet.

I'm expecting Hargreaves Lansdown to have a button to show the Corporate action next the the Holding = Along with the Buy/Sell and Alert Button. You have to go thru Investment,SIPP. ISA if you have them.

At Barclays I expect it on the Corporate Actions Tab for your Investment/Sipp/ISA Account.

I have other shares undergoing Corporate Actions so that's what I have for them.

On both it gave the option to specify number of shares. So would expect the same here, I think they will show on or after the 28th Oct

Say I have 100 shares. And accept the off of 25 new shares at £1.15 = £28.75

Can I sell 23 shares @ £1.30 = £29.9 before settlement day to pay for these new shares .
Or do I have to a sell some other shares?
Or dip into savings?

There may be some with no savings or other shares that could pay for the new ones. Or me who doesn't want to sell my other Shares.

I'm with Barclays I haven't accepted the offer. I doubt if they have submitted.

I think it says we have till 10th Nov to accept on their corporate actions page.
Respond by10/11/2021
Record date12/11/2021
Announcement date30/12/1899
Ex date11/11/2021
Effective date30/12/2021

From Press Release on Petrofac website https://www.petrofac.com/investors/regulatory-news/

https://tools.eurolandir.com/tools/Pressreleases/GetPressRelease/?ID=3972546&lang=en-GB&companycode=uk-pfc&v=

Surely they can't say that in the press release if the SFO investigation continues

also

Chairman René Médori said: "This draws a line under a regrettable period of our history."

Also pfc directors bought at 181.7p

https://tools.eurolandir.com/tools/Pressreleases/GetPressRelease/?ID=3972601&lang=en-GB&companycode=uk-pfc&v=

And before that £8-£9 a share.

The SFO dragged it down - The damage it has done is far more than the fine. Add that to the fine and cost to PFC shareholders was huge.