Member Info for Sm66

My moneys on Astaris

In that case, thanks harry!

Does however explain how so many buys recorded can cause such a drop.

Buys have been outstripping sells by 2or3 to 1 daily for some time.

Confluence

Great information, thank you for that.

So glad I haven’t buckled.

They’ve gotta buy em back! Unless they’re in it together, they must be staring at their profits and wondering when???

I think it’s time the BOD suspend trading, shareholders are being destroyed. Surely they must make a statement or suspend trading before the business is worth £50?

Billions of dollars of work 8500 employees and a business only worth £150 million and still dropping!

I’m in to deep to sell now.

How can this drop be so severe after the fitch rerate and all the business they’ve brought in this year.

Lots of posts suggesting something is very wrong implying that the BOD’s have knowledge that will negatively impact the share price.

Also claims of leaked information to the shorts etc.

All of this is illegal

Fact

There has been no warnings issued by the company.

All the company has said was in the June update, no change since then.

With the exception of multi hundred million dollar contract wins and huge opportunities in the industry going forward.

The only thing factually under stress are shareholders.

That does shine a big old light on just how cheap PFC is right now.

Appeared to go into auction twice before 08:15,

2 days to cop28

I’m staying optimistic for an announcement from the ADNOC and a trading update as previously reported by the BOD in June.

This game will play out soon IMHO

From harbour energy page news feed by Reuters

ADNOC has said it is pursuing deal opportunities in renewable energy, gas, petrochemicals and liquefied natural gas (LNG) as it steps up its global expansion.

It bought a stake in an Azerbaijani gas field, has put in an offer with BP for a stake in Israeli gas producer NewMed

Energy , has opened takeover talks with German plastics maker Covestro and is looking to create a $20 billion chemicals giant with Austria's OMV .

You never know?

Yeah I just noticed that

ADVFN has them all as buys, mixed bag on LSE?

Who knows?

Still no notification of main shareholders selling.

I think the shorts are running out of time so I’m not selling.

Janbo

Quit the opposite, blocks of 500,000 buys.

Over 12million buys against 5 million sells now and climbing.

Outrageous

10million shares purchased

5 million sold?

Down 7%!

Helikon increased again on Friday

I dare say they’ve done it again today?

PFC vet

I feel your frustration, I can’t believe how low this is now and appears relentless. Inspite of the decline and my previous statement that I wouldn’t buy anymore, I did buy more this morning.

Because the bond is trickling up again today.

The shorts are running out of time unless they know something we all don’t and it has to be said, listening to the CEO, he clearly doesn’t know either, then it’s just good timing and an absolute gamble by the likes of Astaris and co.

The shorts are all in the green right now but will want to get out with their winnings. Only they know when they’ll hit the button but they will!

Of note, Astaris reduced late last week by 0.5%

Whilst the shorts have put downward pressure on the SP, there has been a lot of chat about II’s selling. This is not true!

From PFC website

Asfari family 84 million

Azvalor asset mngmnt 78 million

Shroders plc 49 million

J O Hambro 27 million

Also from market screener

Black rock 19 million

Vanguard 14 million

Norges bank 6 million

Dimensional fund USA 4 million

Hargreaves lansdown 3 million

Cartesio 2 million

So approximately 55% of all Pfc shares still held by institutional investors.

The cash position is expected to improve in the second half of 2023 and continue into 24/25.

Fitch rating increased to STABLE.

Order backlog as of June 2023 $6.5Billion.

Mcap £179 million.

Bond price increased on Friday by +0.42%

Loan facility extended to October 2024

Cop 28 being hosted by the UAE starting this coming Thursday. Expect an announcement from that?

Trading update 20th December.

Personally I’m expecting a happy Christmas for all holders.

A tad late I’d suggest but Tages capital now listed a short position!?

If the shorts get out very soon, they’re unlikely to get burned which is a shame.

Unfortunately, strong buy is the only opinion I could select as re-mortgage isn’t available.

The way I see this playing out, cop28 starts on Thursday the 30th so the shorts have until Wednesday to exit with a tidy profit before ADNOC announce another significant award to PFC.

As many have said, this years awards would not have been granted if PFC were unable to execute them.

Opportunistic shorts have pulled our pants down but only on paper. There has been no news from the company apart from debt extension and record braking contract awards.

We shall find out soon enough what the play is.

Hold on to your paper loss, it may soon be a profit?

I’m staying positive because I have to frankly.

Astaris reduced 0.47% however another joker joined the gang, whitebox advisors at 0.54%

Total now 5.37%

4m shares and£2m indicates 50p not 39? Happy to be proven wrong

Indeed and at 39p

Head count now 8500 from the Pfc home page. Pretty sure it was 8000 2 weeks ago.

Cop28 starts next week, the UAE like to announce big deals when the spotlight is on them.

Tenet deal due to announce another €2B before year end.

Hold on to your hats!