Well of you’d have listened to the constant conspiracies here last year then the closing out of shorts actually reduces the selling price (due to some strange manipulations) hahaha
The payment of a dividend in itself is largely irrelevant. What is relevant is the underlying earnings supporting it. Better to reinvest the earnings if their market environment is in strong growth.
Hope PFC hasn’t got a major competitive disadvantage now it can’t give bribes. If that’s the way in those distant lands then we may be precluded from participating in practice, even if official suspensions are lifted.
Q, this share is a medium to long-term recovery play. You have to feed funds in progressively and then pretty much forget about price for the duration of your strategy. Bought some more today, and am excited anticipating the company make huge progress. Not concerned about how the market values the shares every day. If you think there is a better opportunity somewhere else then sell and buy that instead.
I wish those Market Markers in Botswana would stop “pulling it down” and the Namibian shorters need to close. Bought some more of course, and BT, ITV, RR, Vod and other beaten-out rubbish that is a particular focus of the de-ramping manipulative posters on these boards…
Not many impatient investors here really then, everybody seems quite relaxed actually. I don’t believe for a minute though that shorters closing “drive the price down”. Trading 101, they have to buy the effin shares. Pure conspiracy theory BS. This share is not really traded by MMS anyway. Stop saying rubbish just to make you sound clever, guess what the share moves in price because people want in and out.
Rejoice, everything hit the sweet spot16 Nov 2021 18:59
Now the refi is through The sky is clear blue SFO is a distant memory and satisfied So the business had better be rectified Management is no longer distracted So had better have imminent contracts contracted So enjoy the ride All the way back up to £10.55
Perhaps some will want or need to sell for £0.10 because they suddenly need to buy a lighter to roast the straw bonfire under their mother in law. Who knows, could happen.
Just bought some more, at £1.2832 just to prove my superiority! Got too many now however but mine are for 2022 though not mid-morning tomorrow like yours haha
I did some own research, discovered this15 Nov 2021 10:01
Now the refi is through The sky is clear blue Management is no longer distracted So will close many contracts SFO are satisfied So the business is rectified So enjoy the ride All the way back up to £10.55
We’re all in then, no more refi doubting. Time for a bit of excitement, exciting. What a wonderful company in a beautiful space. Ride the top, Petrofac Board doing their job from here..
Yes ii grabbed all of the cash this morning too. Perhaps they think our credit is now poor haha. Anyway, unrelatedly, it was of course logically better to decide at the last possible minute before subscribing, but get the comma and full stop in the right place or possibly miss out on the retraction to £1 lol.