Member Info for Sm66

Https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=PFC.L#google_vignette

I don’t personally follow the charts religiously however, this lot have performed better than I have over the past few months.

We’ve been played by the shorts who appear to have ultimate control but have almost cleared out!

Good times ahead?

LILO

I’d look into snappers posts, clearly a deramper.

JP Morgan just rated PFC neutral target 90p

Something is afoot here!

I’m not claiming a takeover bid but something stinks

Mcap £388m

Contracts awarded this year alone

Tenet €7B

Algeria £1B

UAE $700m and today another $600m

I’m probably missing a few but with over $9 billion awarded in the last 10 months PFC are doing something right.

Why is the SP not reflecting?

Markets are supposed to be forward looking!

Janbo

I’ve been looking at ADVFN instant trades, looks like buys taking the price down aswell as sells.

Senseless unless as you sayMM’s orchestrating an exit for the few remaining shorts.

Yesterday after what read as a comprehensive report resulting in a credit upgrade and positive outlook for the business the sp correctly rose to let’s face it a very weak 81p.

Today, down over 7%, almost exactly where we were before yesterdays report.

In April, Tennet deal announced as the largest ever for PFC, SP rose to 85p ish, followed by Algeria, UAE, etc,etc.

Last year on repeated bleak outlook the SP ranged approximately 110-150p

I’m still not selling a carrot but am struggling to keep the enthusiasm.

Sorry for the rant, frustrated LTH

Great news indeed.

Shorts will have to withdraw on this news, one would imagine.

Https://www.oilandgasmiddleeast.com/lists/revealed-top-25-epc-contractors-2023

Stocks app on my phone is showing a volume of 5.6m whereas LSE and ADVFN both showing zero volume?

Could be a glitch?

Apologies

Wood link is from 2018

There is another barely visible from 9hrs ago

Https://www.oilandgasmiddleeast.com/news/adnoc-close-to-awarding-500-million-contract-for-major-carbon-capture-project

Https://www.woodplc.com/news/latest-press-releases/2018/wood-secures-$53-million-of-contracts-supporting-adnoc-onshore

Reality

I’ve searched what you suggested and indeed it appears wood have been awarded a gas contract worth $50m

The feed yesterday was to do with carbon capture and the contract was for approximately $500m.

Appears like two separate deals with both wood and PFC being awarded…..possibly.

PFC we’re announced as the front runner, the competition we’re Italian, Greek and Chinese.

If it’s been awarded to a Uk company then it would seem PFC are the victors?

I’ve been watching the tick for some 30 minutes now, I’ve never seen it so active on PFC, looks more like Vodafone activity. Ranging in 80.7, no real trades of any volume are showing on ADVFN.

My feeling is either a short trading out or a buyer building a position.

Either way, it’ll be interesting to see the corrected volume after hours today.

Plus two more 250,000 purchases after hours!

This is playing out to be one hell of a tree shake.

Volume is huge this morning and largely on the sell side.

However, the bond price is holding steady at similar levels to 1 year ago when the SP was 120p or so.

The recovery is underway, the shorts have been closing out, IMO, the SP is undervalued.

Be interesting to see the SP direction after todays meeting.

Https://stocks.apple.com/A2jGJPbGyR6C8UKLnBAxxUQ

Https://www.theguardian.com/environment/2023/apr/04/revealed-uae-plans-huge-oil-and-gas-expansion-as-it-hosts-un-climate-summit

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