Member Info for Walttortoise

I guess we can buy the idea that this might now be an easier buy for smaller ISA investment lots. It's also fallen quite well with better news from Nvydia and tech markets.

Thanks for reply stuartrm, I agree any benefit post split likely to be marginal and medium term. I believe the large recent drop in the value of this trust is more down to some recent cyber security issues and concerns over A.I. legalities etc.The trust remains well positioned in terms cutting edge technology however, where these issues are bound to crop up periodically.

Can anyone shed some light on current price drop of around 15% over last month. I'm aware of issues at Nvidia which is main stock holding in the trust but is the forthcoming vote on 1:10 share split affecting price also?

Aye fair but Onwards do you really think these jokers can come on LSE site and talk the price down? They'll have lost more than gained if they thought so. I agree with you though, those who've likely kept making gains during the overall plummet are those running the PFC sham because that's what I believe it's become. 🤨

Sorry EC but you never provide any substance to back your HO..honest opinions. You seem to celebrate every sign of a rise but post unsubstantiated guesses during the continual falls?

Ha ha 😊 so why are you in the investment game poker?

It's not a crazy price it's just the current value of the stock. Ever seen stocks been sold under false pretences to the point that it's worth sod all? It can happen.

.....and wil be for the foreseeable future. I've not been on this board since last year but sorry I remain convinced that the stock is simply being played by those running or close enough to the company. The statements updates and announcements are all part of the game.

If you've not realised by now , PFC stock is genuinely bogus. Relies on investors thinking ..I must buy up some future energy oil and gas stock and take a punt. It's being played and it's going nowhere.

Like many I've had it this stock. Sami Iskander is quoted as saying many things but none of it ever helps explain the rises and falls we've seen. The most telling posts from some respected people on this site were that fund managers in general dont like this stock. These are the guys who's livelyhood and reputation rely on being in the know. I've made a programmed exit to minimise my losses and not too badly hammered. As mentioned in the past I was in this stock from floatation day many years ago where things went fabulously. I came back two years ago through some misguided loyalty and belief that the good times would return but these days the stock is simply being played if you ask me. Enjoyed investing in stocks for decades but its off to managed funds and premium bond land for me now. Cheers!

Thanks Johny, my comments were a reaction to people puzzling/venting over why the share price had dropped back so much after the rally, as were yours if I recall , I wasnt really picking out the dates. The puzzlement does continue though, no doubt about it and it amounts to real frustration and at times anger from folk who've staked a lot on this stock. Thanks for giving me some credence, I'm not aways on the mark, no-one is in this game. My offer to Quetta to join our non existent bail out fund was a low point but ironically Quetta may have been closest to being right in his rantings about this stock. It continues to feel like "pump and dump" as he famously put it.

Thanks Poker and accept all that re finances. Point I'm making is that whole market drop still doesnt explain the inordinate drop in PFC share price since may?

Johny if youre calling for realism and referring to the whiole market: FTSE, Dow Jones, NASDAQ indices all down by less that 10% since May. BP and Shell down by about 15% over same period. Petrofac down bu 36%, that's the reality so questions are rightly being asked. The issue is clearly a finanial one, contracts much less likely to be awarded to a company whose finances not great.

Well done Lytham & Ash, looks like you dudes may have called it this morning. A rare thing on this board , hats off to you! :) :)

Anyone who took your advice just lost £340 for every 6000 shares sold. Keep watching the city, City Watcher!

Alto1 you carried out an intrinsic value calculation using your two stage method back in March showing the share price to be 57% below the value per share you derived at £2.50 at the time. Is there any chance you can do the calc again for planit and the rest of us to see where you think we currently stand?

Emerald carrots your comments are not gems! Neither are they in your honest opinion, if you're honest!
Your comments about bullets and missile companies also show how inaccurate and misguided you can be....see how I did that! :)

...£2.80 -3.00...:)

Probably more like £280-300 if BP make a swoop on it. If its going to happen it will be in June, July latest.
Nacho I'm not sure if you're at work or already on the chanpagne. If you're not yet lined up for a Jubilee party just Google "Jubilee steet party's near you" and you'll find something. :)

...affecting the future prospects for petrofac. Lots of potetial projects but reluctance on the part of clients to invest capital; refineries struggling to cope when crude demand increases and again reluctance to invest and the goody goody greens infuence etc; renewables may not have been the best direction for Petrofac in the short term. Could even be that the company are not talking things up or actively bidding and hence few RNS's to help facilitate a take-over which is rapidly becoming my best bet.