Member Info for Sm66

Not closed, IG offering 21.53 sell

Snappy

You are beyond transparent and frankly boring. Same rubbish repeated again and again.

Sell your short while you can or loose your money

Redheadedrager.

My thoughts precisely, fitch upgraded their rating to stable B+ on the eve of the demise of the share price. Now on the eve of the reversal they switch? Coincidence?

I don’t think so!

Some assets sold

Cash flow secured

Legacy contracts completed and payments received

Tenet deals continue

Backlog growth

Debt reduces

Talk of dividends returning

A good old chuckle about the Mcap in 2023

Let’s face it, nobody holding significant shares in PFC would consider selling for anything less than 115p

Someone said last week.

They have 90million shares on loan. That’s a significant buy back!

Johnychainlocker

Ive also added a small amount this morning

Still heavily down but feeling much more secure.

Couldn’t resist

It has been a tough hold but the train seems to be leaving the station

Indeed a great post Rock

Question now for LTH is where will the SP be when the shorts clear out. I’m not going to try a put a number on it as they will no doubt fight tooth and nail to keep a lid on it.

But they are at serious risk of losing their money now.

A fairly well timed article re:$450m asset sale or funding.

Shorts will be thinking hard about their positions now.

Expect a serious amount of doom mongers posting into this weekend!

Janbo

Completely agree, this article quashes a dilution to shareholders and bond holders.

Probably the key holders were aware of this hence why they’ve maintained their holding.

This is a business with a short term cash flow issue and the assets to resolve it if necessary.

Feeling much happier with my paper loss today.

This will play out but will take time.

Mcap is ridiculous and the market has to realise this soon.?

Increased their short yesterday 0.10%

To make a picture of it

Mcap 94,000,000

Order book 6,000,000,000

Absolute madness,

It would appear that the shorts are sticking for now as are LTH’s.

We’ve already lost so what the hell from here, they on the other hand have a lot to loose and suddenly if PFC can wether this storm.

Another contract today ! This firm isn’t going down, the only losers are the PI’s who bottle it and sell their losses.

I’ve just read the fitch rating again and it struck me that the expectation is of a £100m dividend in 2026! Therefore given the current Mcap (£100m) coincidental??? If you buy now you’ll get 100% dividend back in 2026. That really is a no brainer!

Fitch ratings words, not mine

Https://www.upstreamonline.com/field-development/front-runner-emerges-for-1-billion-saudi-aramco-oil-facility-contract/2-1-1566291

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

De. Brunner has been brought on board to bring his expertise in finance, explore the options and help the management make the right decision for the future of the company.

He’s not there to make a business with $6b of contracts awarded this year and 8500 employees insolvent. It wouldn’t look good on his resume.

Https://energypeople.com/news/story/petrofac-explores-strategic-options-amid-share-price-plunge

The bit that stood out for me is the “short term liquidity issue” SHORT TERM!

Once the issue is out of the way, the future of PFC is positive IMO.

Increasing head count significantly is a company tooling up for the future.

Growing backlog of work.

Shorts have pounced , 1 has left the arena and quite possibly more will leave before the 20th in order to protect their profits, they’re probably going long on PFC now to double up.

Must be nice to have Gordon geckos power?!

He definitely claimed to have bought last week.

His bottle has gone very quickly.

I don’t think his timing is very good, if he really did buy last week he could have made a handsome profit within a week or so.

Very disappointed in you Tony

You’ll regret selling soon enough !

So you’ll now be deramping for the next 7 trading days

Millennium capital have vanished below 0.5% on Friday!

A couple increased but the overall short has reduced below 9% now.

Another garbage UT. LAST TRADE 20.30 UT 19.94.

Tic-toc roll on 20th.