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RE: Loss of talent6 Dec 2022 09:59
It is just depressing. I don't buy into the doomsday stuff - but I never imagined I'd be sitting here with a SP unable to even hold over 85p. The shorts have increased over the last week - there is total silence on large awards - we have the public update later this month. It really is a sorry state of affairs. I need to convince myself to simply stop looking and see where it is a year from now. But it is so hard when so much money has been lost already. I won't sell - but I am no longer confident enough to top up either.
Davebt, you wrote this not long ago. So how much are you actually down due to your bad trading lol???
23rd march, "defo going into the 40's, that's why I'll be buying more hahaha". That's what i actually wrote.
24th march, "Defo share dilution coming in the next update. But if the company needs money to fund future operations and secure the future of this company then that's what needs to be done unfortunately. I feel for the folks with high averages, it may be a very long time if ever you recoup your money." That's what i actually wrote. I wrote that before the TenneT deal and extension of banking facilities. Obviously i wouldn't expect a share dilution now.
A share dilution at the low price of 57p would have had very little effect on me. However holders like you who i'm guessing has a higher average would've been crying, that's why i bought in. I took a calculated risk buying in at 57p and it worked out for me.
Don't need your congratulations
If Petrofac didn't win 3 big contracts back then why did Barclays give 200p price target in the first place. You have just proven my point that Barclays have not got a clue. Peel have a more realistic price target of 90p by year end.
This is why I can't listen to anything you say. You are so down money wise with petrofac that you want to see everything with rose coloured glasses rather than actually seeing both sides.
Anyway we will agree to disagree. I am up £49,000 in the last 2 months so i have no need to listen your rubbish. Goodbye.
Stockbuster - Since the tennet deal was announced i have bought and sold pfc and i am currently up £49,000. But surely you must be sick and tired of the share price going down after a contract announcement.
Anyway let's see what happens next week.
Stockbuster - If the shorters can pull the price back from 83p down to 60p after the TenneT deal then this will be a piece of cake for them. I've just got no doubt this will be mid 60's next week. We need a fat adnoc contract and dividends back for the share price to properly recover.
As far as any takeover approach from apollo goes I wouldn't hold my breath. Apollo have shown they are not the real deal with their failed approaches to wood and THG. I don't think the market will take them seriously if they came in for petrofac.
Petrofac, leading a joint venture with petrochemical industry specialist, China Huanqiu Contracting & Engineering Corporation (HQC), has received notification of a conditional award by STEP Polymers SPA (100% Sonatrach subsidiary) to execute a significant petrochemical project in Algeria. The total contract value is approximately US$1.5 billion, with Petrofac’s share valued at over US$1 billion.