Member Info for Redheadedrager

Can you link the article or put contents into post please?

Anyone who is serious about making money and knows the game should NOT use stop losses on a share as volatile and “in play” as PFC.

You’ll lose them in the blink of an eye and be left watching the price get away from you.

Which would be very sad 😔

Could be a VERY interesting afternoon 😂🤣

Yes

Yep.

They’ve definitely

F*cked Around

Now they’re

Finding Out

Love FAFO

. . . had better be working hard behind the scenes to magic up that short term bridging finance structure . . .

Would be hilarious if THAT was sorted before markets closed down for Christmas 🎄 😂🤣

I say again

Seventy

Per

Cent

O

M

F

G

Not going to try to trade this today.

I have my exposure set (25k shares) not huge but what I can afford. My average is now 32p. Not amazing but not horrible. Buying in on the way down was certainly very scary. But just about held my nerve.

Now going to shut down on this for Christmas and the new year.

Confident that management have this well under control.

Next update - perhaps in the new year, I doubt before - should provide a solid update on cash balance (liquidity) rebuild actions.

Until then I wish everyone (yes everyone) a Merry Christmas 🎅 and a happy and prosperous New Year!

Surprised that the MMs can keep up.

Loads of PIs getting on board from the looks of it.

A few ATs nibbling away from the short position hedge funds - but seemingly nothing that they are able to do at the moment to bring it back to where they can safely exit.

Such a shame.

“ Among London's small-caps, Petrofac rocketed 40%.

The energy infrastructure firm announced said it has seen "exceptional" new order intake across Engineering & Construction and Asset Solutions, totalling USD6.8 billion in 2023 so far. It expects the backlog to be around USD8.0 billion by the year.

It announced the second contract award under the six-project USD14 billion framework agreement with TenneT, working alongside Hitachi Energy, with Petrofac's portion of the contract worth around USD1.4 billion.

The firm said it expects revenue of about USD2.5 billion in 2023, in line with guidance, and a business performance loss before interest and tax of around USD180 million.”

Popped out of auction for a moment - grabbed a few at 32.54p

Almost immediately went back into auction.

Hoping that the CFO plays a blinder.

Up almost 50% now

You’re actually a lemon.

This morning.

I bet they open this down to catch out a load of stop losses to and let out a load of short position holders first thing, before gradually increasing the price throughput the day.

My best hope is that doesn’t happen. But I’ve seen it so many times on similar recovery situations.

If they do, be ready to grab a bargain!

IMO they certainly are . . .

Cashflow is critical and management actions seem to have this under control now.

Clockwork Orange33 comments demonstrate a clear knowledge gap around how accounting works.

The business can keep performing and posting losses. So long as cash keeps flowing. Look at these examples.

https://www.cnbc.com/amp/2017/08/01/be-like-bezos-musk-5-reasons-losing-money-can-lead-to-success.html

These are long term now. Even if PFC multi-bags today.

The way this management team has handled this short attack has demonstrated real ability to resolve issues and maintain a tight control of information flow when it would have been tempting to not.

The transparency around liquidity challenges could have been a bit better but hey ho.

Huge recent contract wins alongside ability to secure funding for guarantees in a vexatious credit market should not be underestimated either.

Bravo to the management team. I am impressed.

On another point, where are Tony, Snapper et al?

Must be having a lie in. Bless ‘em :-)

Bonds and ADRs seem to disagree . . .

@ToD - you claim to have “scalped 5%” on your short on the past few days.

Many congratulations to you.

Be careful you don’t get FLAYED if PFC opens 50-100% up on the back of a positive update.

Not saying it definitely will happen, but it certainly could.

Have a lovely evening 😊

. . . FFS 🤦‍♂️ mate, give it a rest won’t you.

Endless ramping is as bad as endless negativity. . .

I’m as pro PFC as the next LTH but blimey fella, turn it down a notch eh? Say to gas mark 10 . . .

I have done already - it’s blissful 😊