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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
Yes Josey,
The companies headwind would become a tail wind once debt becomes more serviceable but and its a BIG but, if the share price was £1.20 which it should be, then the £600m ish debt would not seem excessive as a Percentage.
PLUS : 3 yrs trading at current levels and the debt is paid by profits anyway !
The next 10 months appear to be the issue.
IMHO DYOR
MDA suggest a BUY for MOON.
Analysts love this share too
BOUGHT
PFC Have taken a big step forward IMO.
The positivity surrounding this COVID turnaround company is inspiring and to think that PFC are strengthening their GREEN credentials by removing (on a national scale) CO2 from the air we ALL breath !
Delighted to be an investor hear
Petrofac five years ago paid out more in dividends then the current market cap !!!
Business has recently taken a turn for the better. Much MUCH M U C H better.
80p before Easter.
What price is average break even for shorters ? Anyone know or hazard a guess