Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.
. . . who turn up and attempt to micro predict where the sp will be in the next 5, 10 or 30 minutes annoy me intensely.
hence 🗑️
the macro picture is what is important. where this will be in 12-18 months.
free of questions over cash flow, a healthy order book, profitability managed delivery, a strategic investor alongside, a growing business employing skilled people across the globe with a plan to transition to carbon free economy through increasing its share of “green” contracts. yes, there may be some slight dilution but it certainly isn’t going down the ****ter like some would have you believe (snapper? terry?). so i’m happy to stay long and actually feeling i may add more at this level.
gla lth
. . . yep, this place is crawling now . . .
gonna switch off and return when the pest control team has done its work . . .
. . . are, simultaneously typing away on here (and other boards no doubt) as their shill paymasters in the short position hedge funds pile on the sell pressure . . .
It would be comical if it wasn’t so sad 😞 . . . 10p a message . . . what a way to earn a living . . .
. . . posting like crazy - trying to sow seeds of doubt or uncertainty . . .
Negative, untrue, bitter and nasty posts in the main.
Designed to upset the flow of the board and scare off PI’s from investing.
All I see is a little green banner 😊
@E_AL
As short position hedge funds increase their short positions and this doesn’t result in SP dropping, this INCREASES their risk of being subject to a short squeeze as the free float is reducing all the time as people switch to go long . . .
Huge volumes already and obviously short position hedge funds trying to keep a lid on the price.
They need to be extremely careful and not manoeuvre themselves into a position where they could be vulnerable to a short squeeze a la GameStop or Porsche (remember that one?)
It’s obvious that significant shareholders are not decreasing their positions.
All the time the %stock on loan is increasing. At what point do they go beyond the free float? Hmmm . . .
Must be some sweaty city palms out there . . .
@Itsaponzi - really?
Another one for 🗑️
@BearHunter - shorts increased but SP went UP?
Hmmmmm . . . Does a bear shat himself in the woods?
P119 🗑️
. . . it’s obvious
Dragging the bid down to fill their buy orders placed (often off book) with MMs . . .
Once filled and the shorts are free and clear - MMs drag the price back up in order to fill their other orders . . .
That’s why you can observe the pretty heavy seesawing in the prices and will go into auction for a while several times a day as the huge volumes required to clear shorts positions floods the MMs books and they can’t manage an orderly trade book . . .
. . . blocked him so can’t see, but judging by the number of green “. . . adjust your filters” messages on the board, I think that him and Terrified Terry are working overtime at the moment . . .
. . . how many tens of millions of shares do they have to buy back?
🍿 😎 🎥
. . . when the trading platforms come back up . . .
Remain very happy I held on Friday despite bemoaning my position.
Here’s to a continuation of this recovery.
No reason why trend reversal shouldn’t continue . . .
Cue Snapper and Terry and the rest of the cabal kicking off 😂🤣
Https://x.com/petrofacgroup/status/1731651832861127136?s=46&t=How4VQ36cX4P8xSZe6fA6g
. . . or first thing this morning and that drag down . . .
Here’s to a long term recovery.
Selling non-core assets is a great plan. Lovely to see shareholders placed at the front of the list in the RNS ahead of bond holders and creditors . . .
Hopefully we will gain more over the next few days 👍
Trading View is a serious website. They won’t be pasting fake articles. Not with the Reuters symbol plastered all over it. It’s on the wires, so blood will be on the carpet on Monday am. Why, oh why didn’t I sell on Friday. . .
Petrofac sinks to record low; analysts flag balance sheet concerns
Dec 1, 202311:54 GMT
PFC
−19.38%
** London-listed oilfield services provider Petrofac's
PFC
shares dive as much as ~24% to 16p - a record low
** Analysts, including at Berenberg and J.P.Morgan, are flagging balance sheet concerns
** Berenberg says PFC in "a precarious position", places it "under review", removing its rating and price target
** Berenberg says either liquidity improves and Petrofac delivers on its backlog or negotiations with lenders required, leaving equity holders potentially taking significant haircut
** J.P.Morgan says co struggling to source advance payment, performance guarantees from banks for its E&C contracts
** JPM says banks have to be comfortable with contractor's balance sheet before issuing the guarantee and that this appears to be an obstacle for PFC
** PFC's combined credit score - which measures how likely a company is to default in the next year on a scale of 100 (very unlikely) to 1 (highly likely) - was 1, LSEG data showed
** Shares have lost ~75% of their value so far this year
. . . question is, do I crystallise that loss or stick to my guns
Certainly NOT adding more now.
The BoD are either incompetent or too arrogant to care about PIs (or even IIs)
What an f’in shower of sh*t
. . . it’s not too difficult
A stunning lack of imagination displayed so far and poor pay-on-words-ability too 🤣😂🤣😂
Distillates of Petrofac
- Petrofacall
- Petrofacked
- Petrofraud
- Petrofellons
The list goes on . . .