Member Info for Redheadedrager

Snapper10 - there really is no need to be offensive.

Can I ask a simple question. If Carillion were in your opinion so amazing at managing contracts, how come they went pop in such spectacular fashion and 2 of their directors were banned from holding director roles for over 8 years and leaving over 400 public sector contracts hanging in mid air?

Could it be that your judgement isn’t all that?

Hmmm . . .

Or are you accusing PFC auditors, Ernst & Young of negligence (KPMG, Carillion’s auditors, were fined £1.3bn)?

Place your bets Dogger - is is libel or slander you’re committing?

Sorry, but what basis do you have for making that assertion Dogger?

Carrillion was ultimately complete long term contract fraud perpetrated bu management.

Are you accusing PFC BoD of fraud or malfeasance?

Great reminder EC to ensure that you do your research. If you’re placing a short without reading that Fitch report, beware.

I doubt Tony99999 has read it, or if he has, if he understood it? If he has and did, then why write what he is writing?

Unless he’s lying purposefully . . . But to what end?

Here we go Tony99999 the serial doom monger - back with his unsubstantiated statements.

Any actual proof to back this up Tony me old mukka?

Or is it more of the same old BS?

. . . So all you doubters, neg heads and doom sayers. Tell me why I’m wrong to do so . . .

. . . yawn . . . anything new to say?

Very interesting correlation between bond prices (being driven down) and stock price activity (lots of trashing the company, BoD, even investors in the company) - all without a whiff of an update.

If something materially impacts the value or going concern of the company, the management are legally obligated to update the market.

If they don’t, they could go to jail.

So all the trash talk is just that, trash talk. And belongs in the bin . . .

. . . Trawling through the financial statements and cutting and pasting isolated sections where is mentions “risk” into the chat is a bit daft isn’t it.

No investment is risk free. What you’re trying to say is “There’s risk in them thar hills - don’t invest!!!! You fools”

Where in reality everyone is quite aware of the risk and made their own judgements when they invested.

True, new facts come to light, but the new management have “kitchen sinked” the risk elements in the most recent statement (as I would if I were new into role) to ensure that there is a bright line between what they have inherited vs what they will be accountable for delivering in the future.

Your absence of explanation of this point indicates either a lack of understanding (probable) or wilful intent to mislead (most likely) in order to deter investors . . .

This is very poor form and you should cease and desist

PMSL at their increasingly laughable attempts to intimidate / influence holders to sell . . .

Wondering how much their short positions are losing them at the moment.

Quite, quite sad . . .

. . . can I have some of what you’re smoking Tony? Must be the good stuff. . .

Re the SFO investigation “Petrofac Limited’s conviction and sentencing brings to a conclusion the investigation into suspected bribery and corruption as far as the corporate entity (and its subsidiaries) is concerned. The investigation into the conduct of individual suspects continues.

Page published on 12 May 2017 | Page modified on 22 Oct 2021”

Contract wins - well read the recent announcements. . .

Cash flow position and forecast has been disclosed in recent market update.

As for the rest of the drivel you wrote, it is well, just that, drivel.

Actually, you obviously don’t know what you’re talking about.

They are referring PROVISIONAL acceptance certificates not partial acceptance certificates . . .

1. PROVISIONAL ACCEPTANCE

Provisional Acceptance is a conditional acceptance which means that the client has accepted the project but performance needs to be verified or confirmed under operational conditions within an agreed period. The client issues a Provisional Acceptance Certificate to evidence this step. This is when the warranty period starts.

2. FINAL ACCEPTANCE

The Final Acceptance is when the final condition of the completed work is verified or confirmed, which usually takes place after the necessary tests have run. if any defect or deficiency is identified, the contractor has to make corrections. This is also the end of the warranty period. After this date, the contractor has limited liability for the operation of the facility, depending, of course, on the applicable laws and the agreement of the parties.

. . . and what don’t you understand about the words “substantially complete”?

You’re obviously on here to instil fear and doubt in investors’ minds to influence them to sell . . .

So I take everything you say with a large pinch of salt.

“ To the unitiated that means Not Compete……..”

These are your words, you’re lying. Stop lying.

And there’s absolutely no need to be offensive.

This is being toyed with to gain control.

SP and Bonds being driven down by some pretty manipulative behaviour in behalf of an interested 3rd party IMO to make any offer seem more palatable

Those updates are audited up the wazzoo.

There is no way the auditors would let Petrofac state that contracts are complete if they’re not.

Stop lying.

Think that there’s nervousness about the ADNOC partner exiting the sourgas project but should get deal away for PTT soon and then we should be right

One piece of good news about contracts and we’ll be away again

Nah, not shorters.

Everyone saw my comment saying looking positive and decided to take their money off the table . . .

Looking positive