Member Info for Thunder2040

You lost faith I get it..but I have not..seen it loads of times..they just need a cash bridge until H2 2024...read the rating agency take on it all...

Snapper you are fixated on this idea..but this will survive and equity will be higher in a year. We must agree to disagree and may the best investor win

Also just my thought but if MENA region want these assets constructing they should get the middle east banks to step in and back them...it's in their national interest..which is why a deal to sort this will get done, some like snapper underestimate how valuable the petrofac skillset is

The exit of shorts is a painful process but we will find out shortly who has started to buy back

It's a consulting and engineering firm you idiot, you don't have the staff and intellectual property on the balance sheet do you

Petrofac has won too much work...so it's worth a quarter of what it was with less work on the books lol..makes completely no sense this one

Go look at the EBITDA of asset solutions and IES... On 5x or 10x multiples that is plenty enough value snapper..

Snapper you are clueless, you sound like you swallow everything you read in Bloomberg...the last 3 years have been unprofitable due to COVID issues before that petrofac made vast sums on these contracts it has in the pipeline...the pipeline has doubled in 6 months, obvious needs cash but why would that be an isdue if profit follows...too many rich countries need the projects built to let this co. go under imo

£100m asset sale or JV and the shorts would get toasted for 100-200%... Is this really a good short for them currently, I don't think so

Gregpeck..the man, the legend. Some shorts are into this as low as the teens, which is frankly greedy...they bet the house on it collapsing which is stupid given the situation is about temporary cashflow

Shorts can't close if market is halted..unlucky for them

Barclays shares still trading...could be the none FTSE 100 stocks again

Auction is only meant to be 5 minutes though, something else occurring here?

The outflow was $225 in H1 as per interims..they expected that to reverse split evenly between legacy completion payments and advance payments as I see it...the RNS said legacy continues to progress it's just advance payments that are delayed and hence they miss the neutral cashflow forecast...so perhaps they are in the market for $115m...so the shorts have you believe a pipeline of $6b on 5 or 10 % net margin is not enough value to secure finance...pull the other one. There was no mention of increased loss yesterday on legacy..just on cashflow...which is always temporary. I think FV with current risks is about 50p..which accounts for H1 loss and future potential...if cash is secured..FV 80p

I think it's important to consider that the current issue is about cashflow not new or future losses as far as we know...the reason for the cashflow downgrade is future payments, would have been a lot worse if they said it was the legacy contracts...I think if those legacy contracts can be closed out and the company can get a way to unlock the advance payments the future petrofac looks ok...critical that they get the old contracts closed now

Only over 0.5% positions increased..dare say Marshall Wace were just below the disclosure point anyway..more interesting to see what they did today, but if they short from here that is them basically betting on some kinda equity raise

Surely if they buy in it's higher than current mcap

Surely now the Dec update could include material news of a new investor or balance sheet strengthening...so why would the shorts stay open now...the fear of unknown factor has been removed and that was the main issue

A buyer of the business would need to front some cash but would be getting a steal at this price..once legacy is sorted this is off to the races

I wonder which investor is buying into the company, I would say in my view the E&C part could be part bought out..middle east have strong interest in the infrastructure being built