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Excellent point Mafs. I'm happy to leave my £5000 in here even if nothing happens on Friday. In 10-15 years when the whole world gradually moves to using electric cars this share will come into it's own, even before that.
15 Feb 2021 16:14
Whatamess, found lse a decent platform to share knowledge,did join, bought in at 1.09 too and worth a long term inv.
18 Feb 2021 19:15
You coulve been easily fake newsed somewhere! Im quite optimistic about this share.
23 Feb 2021 14:12
How can you interpret consecutive positive news and decent fundamentals that impacts a sp negatively. Optimistic about the long term but concerned about the conflict we are observing
05 Mar 2021 11:10
You chaps are livin the dream, petrofac stuck, paralysed sp
One way to describe you AYE777 and that is an emotional investor. Share trading is definitely not for you. In 3 weeks you went from bullish to bearish about this stock. You got in at 1.09, right now it's 1.34. So you've made around a 20% gain, what the hell are you complaining about. Sell out, take your profit and invest elsewhere.
I reckon there will be a sell-off tomorrow maybe hitting £1.10, but then over the coming weeks the share price will recover back to around £1.30. This stock is too undervalued already.
Anyone else have any thoughts?
FTSE Russell confirmed on Wednesday that the following changes will take effect to its UK indices from the market open on Monday, March 22, after completing its quarterly review.
FTSE 250 Adds:
Dr Martens PLC
Bytes Technology Group PLC
Chrysalis Investments Ltd
-------
FTSE 250 Deletes:
Petrofac Ltd
BMO Commercial Property Trust Ltd
NextEnergy Solar Fund Ltd
https://www.petrofac.com/en-gb/media/news/petrofac-to-support-carnarvons-buffalo-redevelopment/
Unless it's reported on short tracker I don't believe it.
https://shorttracker.co.uk/company/GB00B0H2K534/
IAG, Easyjet, BP, Petrofac, Shell. I would be shocked if they aren't at least 20% to 40% up in the next 6 months.
https://www.cityam.com/supreme-court-curbs-sfos-global-reach/
Nice confidence booster
https://www.proactiveinvestors.co.uk/companies/news/940449/oil-price-petrofac-hunting-and-finally-940449.html
It does not surprise me that PFC has made significant progress in Oman, when visiting with them a little while ago it is clear that PDO has immense respect for PFC from the top down. Despite the witch hunt by the SFO I expect the company to in due course win substantial new contracts which will dwarf the £400m market cap.
Miles, in the last week PFC has won an enhanced contract with Ineos, managed to secure £300 mil in liquidity through the Covid Corporate Financing Facility and won two new contracts worth $300 mil. What else does a company have to do to show it's shareholders they are working their asses off to get back on track haha.
Miles, worst comes to worst PFC can always do a rights issue, I know as existing share holders it's not what we want to hear but the option is there. But will PFC go under, no chance. Don't forget also the covid corporate financing facility is only given to companies with good credit ratings, if the Bank of England lending facility had any worries they would not have let PFC use this facility.
I agree DR_Kaboom, PFC making the most of the government resources available to them, excellent news.
https://www.petrofac.com/en-gb/investors/petrofac-ris-news/ris-news/
https://www.fool.co.uk/investing/2021/01/29/top-british-stocks-for-february-2021/
https://www.bbc.co.uk/news/health-55797312
Moderna's Covid vaccine appears to work against new, more infectious variants of the pandemic virus found in the UK and South Africa, say scientists from the US pharmaceutical company.
Good news here should see the share price go up tomorrow
Fireblade
What's wrong with posting a link to the article and asking the opinion of people on this board. I asked take notice or ignore? SEA7, Pokerchips and Markbell provided good responses based on their vast experience, you just wanna have a go at me.