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Primed for a T/O. Somebody could get themselves a bargain at £1.2 per share . That would put the market cap at under £0.8b
It’s normal practice to sign multi billion contracts with companies in severe financial difficulty.
Companies like BP need partnerships, they don’t have time to do the engineering so they find a partner. A partner in which they will support to help get the project completed.
Also 76 live jobs just for the UK, all recently added.
How are they going to pay them……..
Oh wait they have received down payments….
Are contracts /order book not viewed as assets?
To the guy shorting on a x5 CFD.
Do you know that this could gap up 50%+ on out of trading hours news and it would go beyond your SL?
SL doesn’t protect from gapping
When this one pops, these dumb shorts won’t be able to request that the buy button is turned off
Aidan
He joined Petrofac’s Board in December 2023 for a limited period to drive engagement with finance providers, investors, and other stakeholders in an active review of strategic and financial options to deliver on Petrofac’s potential following its most successful period for new awards in many years.
Nice
Their loss.....our gain
when did they start....10th of October?
I work on sites with improvement notices in place, not a big deal as long as you accept it and work to improve it
Nothing but a little slap on the ar*e
I just slapped that ask
Doesn't work like that
They need to buy them from a seller, the shear volume required would rise the price much higher.
A short squeeze is when they are all rushing for the exit and will pay whatever to get out. The problem is that traders want in and not out and add fuel to the fire.
When I saw "multi", all I could think of was multi-bag
Wake me when the price is 150p
I was very surprised with them taking it from 45p to 26p, I got in at 30p average and thought I did well there. congrats to the buyers at 26p
It may be just some shorts closing, I would expect them to start closing in this region.
Doomers disappear when it rises. ahaha
You're right it would be madness. It would also dilute all of the insiders.
PFC just need to ride out the storm, I am positive that banks would lend based on all of the contracts, plus the downpayments for the contracts.
Normally no news means poor/lower than expected results, however I think this already priced in.
This stock is all out the turnaround with the next 12months or the M&A.