The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Esecallum, if what you say is true, then take RealitBites trade offer.
No? Thought not (rolls eyes)
Paddy, I agree. However, any pullback will be quickly bought up.
This is now moving from being a traders plaything to a serious investment stock once again (that will pay dividends again within 18 mths). Investment funds will be taking notice again, particularly once PFC gets it's rightful place back in the FTSE250.
I'm glad I've got this Chris dude in my green bin and don't have to read the dross.
The way the RNS reads to me is the fine will be sub £100m.
Petrofac can shoulder that and emerge stronger than ever.
I'm just thankful I'm not short because, barring the short term ups and downs, PFC is now on the road to recovery.
This company is resilient! Look at what it's had thrown at it over the last 4 years - SFO, Covid, $30 oil, loss of bidding rights on contracts, terrible press etc etc etc and she's still fighting away.
Remarkable company! Roll on Monday and a new dawn for Petrofac.
Confirmed.
Case started in court 9 for Lufkin and PFC
This has the feel of a coiled spring ready to explode.
And I guess it's all sunshine and rainbows now hey Paddy.
MM's testing holders nerve right now.
Squeaky bum time!
And so the MM games begin.
I knew it would. Don't fall for it
Paddy, a very large fine has long been priced in here. That's why the price is where it is.
Yep. Had a bit of respect for Paddyboy but it's dwindling fast.
Poor show fella.
Hold onto your hats!
We're about to find out.
My guess - fwiw - judge will take into account both sides submissions and leniency will prevail. £150m in my view.
They won't want to cripple the company, particularly after all the work PFC has lost out on over last 4 years. Also new personnel and SFO will tell judge that PFC now a model of virtue and squeaky clean.
Lot of churn going on right now. Nervous holders getting out (or at least top-slicing) whilst medium/long termers take positions.
It's gonna be a white-knuckle day for sure.
Bus leaves in 10 mins folks.
Last chance to buy in before the REAL re-rate begins tomorrow morning.
Just sold 2500 of my 5000 at 174p (bought at 112p)
If they drop tomorrow I'm piling in but if they rocket I've still got a dog in the fight.
Anything under £100m fine and this will go berserk tomorrow and could gap up 50p
Price has held up well today considering the extra few days uncertainty.
Feels like this is primed to blow now.
Live price 157.74p
Imagine the explosion in the price if the fine is small!!!
Let's all remember, the fine is decided by the court, not the SFO.
Yes indeed, Pokerchips one of the best contributors on this board over the last few years. I always pay attention to his (or her??) posts.