"The Shorters Will Know" ?15 Jan 2024 09:52
Morning all x
Politely beg to differ Paul C.
I do not think any one knows the path Petrofac will take with regards to finance.
Aiden has been appointed to come up with ideas, I very much doubt that he has finished his report let alone handed over his findings to the rest of the board to discuss !
TBF he has options.
My advice for what its worth.
1/ Petrofac buy own shares(NO RI)
2/ Share price goes up (short squeeze)
3/Shares used as security for guarantees ?(Negotiate direct with customer ?)
4/Share price 120p plus, RI now an option
5/Share price 300p plus in three years
NO RI at 25p, would raise a pittance, pointless
DYOR - I am long on PFC - BIG RISK/BIG REWARD on PFC - All IMHO