Member Info for Sm66

79

Positive RNS???

Have you read the latest RNS’s

All positive, yes the company has a short term liquidity issue which they are open about and dealing with they also have many billions of dollars worth of contracts awarded with the initial financing in place.

It’s been a tough few years but the worm is turning, the current SP is a joke and not reflective of the company’s true worth.

Long and short of it and pardon the pun

The business is severely undervalued based on future earnings ie:backlog. We’ve all believed that the SP has dropped purely on the shorts increasing, that’s now clearly not the case. MW have conveniently cleared out(the sensible shorts) the rest are perhaps a little more opportunistic and less experienced.

The business has a backlog of $8billion and growing, 8500 employees and growing, the energy sector is exploding with growth.

Legacy contracts are closing, the only way I see is up but then I am invested so perhaps I’m a tad biased. If you don’t believe the BOD’s sell and take your money but you’ll kick yourself in the not to distant future.

79

Shorts increased yesterday

Wait and see if they reduced today and tomorrow etc,etc. Did the shorts borrow from shroders, did they know the TR1 would drop today?

The shorts don’t know everything

So, we all understandably speculated that the price drop was due to shorts increasing which was most likely a factor however, the main reason is now out in the open. Who knows what problems schroder are facing that caused them to sell at a loss but the shorts perhaps we’re aware from October???

We all know now and the game is up. The company is only posting positive news and without a seller the shorts have run out of room.

Next few weeks should be interesting without a seller?

Up she goes ladies and gentlemen

And so the negative posts start piling in.

No doubt some poor PI’s bought in at 40p thinking they’d make money. How many times has this happened?

I’d say, hang on in there but anything is possible with PFC. I’m holding but won’t be shocked by any price be it 15p or 500p obviously happier with the later. Second guessing is pointless, read the RNS’s make up your own mind but ignore the doom mongers, they’re trying to rob you.

Glalth

Only if they short 20% of the total float or approximately 40% free float!? Risky but we shall see

Badvoc

Exactly, plus moneys owed when legacy contracts are finished, most of which are early 2024. Plus any other contract wins this year. Severely undervalued IMO

The SP was around 90p the business had ended a tough year and the shorts were smelling blood, the SP was worked down to 45p in March when the business reported a joint venture with hitachi worth €15B half of which is for PFC. reinstated in the UAE with a $700m gas contract and a $600m carbon capture contract, a further $1.5B in Algeria, grand total for 2023 $8B expected, a fine turnaround in business and yet the Mcap is not even 10% of most of the announced contracts. Who wouldn’t buy a company with $8B lined up and more expected $580m debt (not unusual for a company of this size) growing headcount 8500 and still recruiting.

The naysayers will highlight cash flow but that’s been addressed and continues to be addressed by the BOD’s.

Rant over

Are all these trades from late December being shown now the MM’s cleaning house as they fear exposure?

ADVFN trade page is full of trades from a week ago apart from one 600k plus sell which is most likely a short reduction

Dozens of trades from late December showing ? All 39-40p never seen anything like this

USA up 3.9%

Bonds up 0.27%

LSE down 4.38%

Shorts at 9.99

Rodeo time

Fundamentals don’t seem to matter anymore.

Soo much work over the next few years, huge revenue,

I give up trying to guess SP directions could drop to 20’s could rise to 200p plus. I do however think the upside is beyond overdue. Been here a few years now and still scratching my head!!

GLA

My thoughts

Our friends are increasing their shorts.

The company made it clear that issues are being dealt with, another 1.4B tennet win plus plus plus, all very positive however caught a few shorters out. Now it’s all calmed down they have an opportunity to drag the sp down and formulate an exit.

PFC will survive but the shorts aren’t done yet and the roller coaster continues

Increase yesterday and another 835k shares bought after close would suggest they’ve increased again today.

Shame as I really thought they’d exit in late December after the trading update. They obviously believe they can drag us lower again. I do however find it difficult to fathom how they consider they can reach previous lows without taking the declared short up towards 20% or so, huge gamble. They don’t know more than we do as evident by the sudden reversal in December. It appears however that they have a firm grip on the sp for now unless a sizeable buyer steps in or the business fixes the short term cash flow. We are stuck with them for now but when they do decide to exit it will be painfully obvious.

True, well said oilhead. I was a tad gentle regarding jacknife

JG

Fair enough and I apologize for the accusation.

You have to see what jackknife is omitting to have a balanced view. He’s only highlighting the negative which the BOD have recently answered quite convincingly.

JG are you jacknike?

That all sounds very sensible but he’s conveniently ignoring any income and advance payments on the already awarded $8billion.

If there was no income then he has an argument but seriously???

PFC doing better in the USA this week?

https://www.marketwatch.com/investing/stock/pofcy

Https://www.boerse-frankfurt.de/bond/usg7052taf87-petrofac-ltd-9-75-21-26

L-lizard1

Made me laugh!

However, once cash flow is sorted, debt reduces and dividends reinstated etc, (not my words but the managements) with $8B contracts awarded in 2023 and $60B up for grabs this year, do the sums?

£2 SP would only value the business at £1B still cheap considering

Sandancer

A likely outcome but only once the SP is firmly north of 100p and the future looks more secure.