Member Info for RealitBites

Regarding Schroeders and Deani0 question about being worried.
If there is bad news around the corner, I will be emailing SFO/FCA in relation to them and insider trading.
They increased prior to SFO deal announcement which I thought was a bit of a coincedence.
Two similar events would be harder to explain.

Keep calm and hold tight.
Once the big boys stop arguing we will be back up and running again.
If you've watched any news of late you may have heard Gazprom specifically mentioned in relation to some of the recent events in Ukraine and energy pricds. I think Newsnight actually refered to them as a problem or problematic.
Quite clearly some money being pulled out as a result.
Economic war games which hopefully gets resolved without real wars.
Once it is or once we get back into UAE and or winning some big contracts, the tide will turn.
This IMHO is still well undervalued.
Glad I am long and have a very good average.....happy to wait it out.

He must be livid.....why am I smiling!? lol

Bottom of the retrace today?
Hope so!

Nacho, I really wish people would just ignore him. So far, even blocking him hasn't worked, I still see all the replies and people quoting this nugget. I thought he was y11, some other day/swing trader or snapper after we outed him for having been sacked by PFC and just hating them.
After all his ranting (most of which wasn't even accurate), blaming others etc, I really hope he sells out then has to watch the rest of us make plenty of dough over the coming years.

Frustrating couple of days, but hopefully turn back around soon.

My Wood ones took a big drop this afternoon starting a couple of hours earlier, but have just ticked up and closing price is almost back to opening.

Double average volume so far today and that is before any after hours stuff.

I am too chicken to take any profit yet.
I'm too bullish and if I did, I'd be jumping to buy back in at every uptick, thinking it was the next leg up.
Would just end up costing myself shares I think

I spotted that too Deani0. Something very strange going on with the recent trades page.
It is stating trades in 150s when bid/ask was in the 147s?

High volumes today also. Wondering what the script is?

If we can get up into the 170s, we are knocking on the door of the FTSE 250.
Am I right in thinking that would likely give this share price another wee boost upwards?

I was surprised to see that ii article and sticking to £7-8 target following the placing. But from my message below, you can see why I don't think it is out of the question, but still taking it with a pinch of salt. By 2030, this could easily be back to it's all time highs though. That'd be nice!

Argh ok. Sadly not all of that will be pipeline potential for PFC.
A lot of that will not be in their skillset, stuff like subsea cables, the turbines.
And it's unlikely all of that will go through a top tier contractor but certainly a decent portion will be.
The Crown Estate Scotland put out the document below which give a breakdown of what each section is likely to cost per GW, although with cost falling, some of it may be out of date.
https://www.thecrownestate.co.uk/media/2860/guide-to-offshore-wind-farm-2019.pdf
There still a good few billion just from the offshore substations (and I think they won some jacket owrk on other offshore wind?).
Potentially a few more from onshore hydrogen plants.

And that's just from this bidding round. There's more in the pipeline with Scotwind 2 following off the back of this in 2024. There's also been mention of a leasing round dedicated to oil and gas decarbonisation but I'm unclear if that is on top of Scotwind 2.
And last year, Crown Estate England awarded 8GW of similar work.

The demand for offshore engineering and construction skills will be massive over next decade, which is why I am so bullish about Wood and PFC! Billions in the UK alone and much much more internationally. The 2020 and 2030 will be the renewables version of the 70s and 80s for North Sea oil.

AND, that's the tip of the iceberg. Onshore in demand side (residential and industrial), there'll be just as much work to go round as we go towards net zero. Although it is less clear if PFC will play into some of those opportunities.

Mickey, what's your calc behind the £26bn?
Does it factor in that many of these are also considering connections to onshore hydrogen (or other synthetic fuel) production plants? I should know as I am involved with one of those myself but I won't say which one.
Or is that extra gravy on top of your calculation?

It seems we've been knocking on the door of 150s for most of today.
Will we see us getting above this and continue the rise tomorrow when the yankees return from their holiday today?

And in other news, I note the Scotwind winners were announced today. A bit longer term, but this could be good news for Petrofac over next decade. They already built the Seagreen substation and with 25GW of new offshore wind planned, this could mean 30 or more new substations being required over next decade Albeit, in the very short term there will be a load of planning to do and scopes for the likes of Petrofac will be limited. But in a few years, they are well placed and should do well, assuming Asfari doesn't route that part of the work to his new endeavour of course.

Well, I've no idea about gaps, seems a bit funny to me. Why would a gap in a chart make any odds other than "traders targeting them" or traders "liking tidy charts".

Surely the only gap that matters is the current gap between todays share price and the true value of this share.
That's certainly the one I'd like to see filled as quickly as possible.

I'm not sure about the comparison. The section being sold is built environment. That's not oil related if I am not mistaken. Deals with other sectors, albeit an engineering and construction company.
I think it must be a relatively new part, perhaps from AMEC sale as it wasn't around when I was in their BD team.

What a great start to the year and what a day to be holding this and a few Wood shares! :D I notice a few familiar names over on that board ;) Hello fellow holders of these two. GUessing many of you are also in great mood this evening!

With PFC, a few strategies must have changed with the calendar and following the trading update.
That said, a little confused at the rise today, which happened to kick off with the new analyst upgrade.
Did one analyst really cause todays jump?
Maybe it was released to give someone an excuse to do some insider trading. Can only hope as that would signal something in the offing and more gains when whatever it was is released in the wild.

I can't see why the Wood news should impact PFC too much. If anything, that goes against my gut logic, as they are competitors. Normally if one goes up, the other would go down, typically off the back of contract award news. And the Wood rise today is not due to a common factor like oil price, albeit that is doing pretty well as well at the moment.
Perhaps the Colonel has found my answer to the rise with his statement here..." I think the point you have raised is key and the market are waking up to the reality which is that the Wood asset sale may well act as a valuation benchmark for PFC. "

And I doubt Wood will go for PFC. They could and it would be a good fit, but it would likely mean cutting off a chunk of PFC and selling those to another bidder. I have highlighted before that they had to sever AMEC and weren't allowed to buy the UK section due to concerns over a monopoly. It was sold to Worleys separately in the end.
Certainly plausible, but IMHO unlikely.

I suspect we will see some of the placed 115p shares coming onto the market at this point, with current price being 10% up. Similarly, expect a stutter in the high 130s with it being the 20% point.
Most original holders who took the offer will have higher averages, so doubt many of those will be in, let alone taking profits yet.

I sold a very small portion of my ones yesterday to buy another share, but holding the vast majority for the multiples I hope we see here in the long term. Might buy them back if the price drops or my other investment pays back quickly.

Worth noting it was pre-placing also

Very fortunate timing for me to receive my Christmas bonus yesterday.
Stuck in here and reduced my average even more!
Now at break even thanks to a good rise today on the back of the update.
Wasn't expecting much from it, but it is actually quite positive.
Happy to see the backlog increase as I wasn't expecting that yet and note they have already paid off the COVID loan.
Revenue didn't quite hit the analysts predictions, but very close.

She's a buyer/keeper alright. 50-100% upside according to the analysts targets and we've seen what looks like the bottom this week with a reluctance to go below 108 after several flirts with it.

Worth noting that if you were looking at this price in dollars, the change in exchange rate means that the share price today is pretty much the same as the offer price.