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I really don't know why you bring it on yourself. everything you write is softer than puppy s**t. I'm not scared of getting banned at all. I'll just make a new account. but if you got the balls write something half decent hahahahahaha
"The Directors concluded, after rigorously evaluating relevant, available information, that, they expect the
Group to retain sufficient liquidity even in a severe but plausible downside scenario. Furthermore, they
expect the Group to maintain compliance with its financial covenants in the base case.
This conclusion required a significant judgement with respect to the possibility of requiring assistance
from lenders to adhere to the EBITDA financial covenant over the period to 31 December 2024, as
described above. In addition, the Group’s liquidity position is reliant on a small number of relatively high
value collections from clients which are not entirely within the direct control of the Group. Consequently,
in accordance with accounting standards, the Directors have concluded that there is a material
uncertainty that casts significant doubt upon the Group’s ability to continue as a going concern during
the Assessment Period for the Group’s financial statements for the six months ended 30 June 2023
relating to the timing of receipt of these collections from clients.
Based on this comprehensive assessment, the Directors concluded that the continued use of the going
concern basis of accounting in preparing the Group’s consolidated condensed financial statements for
the six months ended 30 June 2023 remains appropriate."
This is from note 2.4 and you are right it does say there is a material concern about them continuing as a going concern. But it also says they expect to retain sufficient liquidity even in a severe scenario. I am truly confused.
https://www.petrofac.com/media/i4khgz50/hy23-group-accounts_final.pdf
Fortissimo you're the go to guy. Can you make heads or tails of this? Page 19 note 2.4
Reality
PFC would never go out of business. Worst comes to worst they just do a cash raise and dilute shares.
Also do you really think they would have won all these recent contracts if there was a genuine concern about them going out of business.
Hi RealityShytes
If Petrofac last the winter??? You need help little boy. Why don't you go invest in apple or amazon or something. Petrofac is obviously giving you the runs, way outta your league loooooooooooooooooool
Higher lows are fine with you but you wanted to see if we can top 83p towards the close earlier on. What fantasy land are you living in? Do you just copy and paste previous things you've written disguising it as an original thought?
Whatever Mav. Keep writing your absolute guess work and nonsense all you want. If the people on here wanna by what you're selling then that's their problem. But I see straight through your crap. You ain't got a clue.
What makes me laugh is when you write things like "We may even get our break through 83/84p", fully knowing it won't but then of course you need to ramp this everyday so you can get likes on your comments and make yourself feel good - LOL