Member Info for ShrewdDude67

Poker, did you buy in? If not, any regrets yet?

Mark, I've also punted PFC to them.

This will go absolutely berserk if there's a 7am RNS of a contract win.

122p smashed!

Email sent, politely asking them to stop shorting Petrofac, or they will get burnt.

Suggest others do the same, only takes 30 secs.

It seems to me that once we crack 120p that will serve as next support level.

Surely retail can't push it this fast?

Institutions positioning themselves now I wonder?

"Not even a fifth of Wood Group’s market value

Petrofac’s circa £350 million market value should be compared to fellow mid-sized company Wood Group (LSE:WG.) at £1.9 billion, yet their fundamentals are not so dissimilar.

Towards the end of last year, Petrofac had a $5.1 billion order book versus $6.2 billion for Wood. Their 2021 projected net profits stand at $65 million and $163 million respectively, also net debt at $422 million versus $1.7 billion.

Both companies have guided expectations lower as the pandemic reduced energy demand, hence compromised industry activity. But if short sellers’ rationale is for serial downgrades of order books, it is possible this meets with an inflection point in 2021, at least in terms of expectations. A total of 2.6% of Wood’s share capital is out on loan, but given its market cap differential with Petrofac, is actually a greater down-bet (although Wood has greater liquidity). "

"Moreover, Petrofac’s net tangible assets per share are around 200p, offering comfort to shareholders. Wood’s asset base is grossly distorted by goodwill/intangibles, which represent 145% of net assets.

So, unless the SFO hands out a crippling fine (hence bringing a dilutive rights issue), Petrofac’s track record shows ample scope to rebuild EPS to well over 20p. Applying a similar PE as Wood’s currently implies a 300p target, say on a two-year view. "

Shorters not going to be able to keep a lid on this now.

Imagine what a decent intra-day contract RNS would do now.

It'd put rocket boosters on the share price!

Looks like some of the Tullow folk are moving over to PFC as a better recovery play.

Wise move.

bid now 114.75p.

Shorters must be worried tide has turned here.

I could commit a further £20k to an attack on the shorters.

On the whole, a largely neutral update in terms of share price. It's steady as she goes. No fireworks but no disasters either.

In my view, Petrofac represents a much better recovery play as it's debt burden is tiny by comparison in the millions, not billions like Tlw.

I'm a modest holder here but another 373m shares doled out to Atlas - Jeez. Now 21 billion shares in issue and rising.

Will this ever come good or have we all been sold a pup? Hmmm.............

arhhh, that old chestnut

Guys, can we get back on topic please.
Thank you.

Carnage.

Was perusing Marcus Brewster on LinkedIn earlier and was struck by how little time he's spent in all his many roles.

Mere months. He has a track record that suggests he's either useless and gets flirted on to some other mugs quickly, or he gets bored very quickly.

Hmmm..........

Yes, agree.

Andrew Trahar, GIVE ME A REASON TO INVEST EVEN MORE!

If we all post this it might become a "thing" as I'm almost certain he reads this board.