Because the market thinks this share is a dog, in view of historical performance by previous CEO's and apparent lack of direction vis a vis growing the business rather than just selling off the family silver to make the BS look pretty.
sharefall. The SFO is staffed by Civil Servants for whom the word "pressure" is total anathema and has them reaching for the OED. For most Civil Servants commercial awareness is an optional extra so they care little for the future of Petrofac preferring to concentrate on justifying their rather grubby little existence
"Surely with Ayman Asfari’s political connections he can ask for a review on the position." In view of the present debacle over lobbying by MP's I think such "reverse lobbying", especially by a Tory donor, would be frozen out sharpish. As for the 1000's of jobs, most of them are in other countries so not of too much interest to our political masters.. We are now just short of 4 years (12th May 2017) since the SFO meddling began and whichever way you cut it, they have been the major factor in bringing this company to its knees. I have failed to get any form of response from the two Govt. Depts. I wrote to or, I am appalled to say, Investor Relations at Petrofac-not even an acknowledgement, an indication of how we SI's are viewed. Next stop a letter to Sami-got to keep trying.
"Jason Storah, CEO, Aviva Canada and PDMR purchased 92 ordinary shares through the Global Matching Share Plan on 15 April 2021 at a price of £4.067. Full details of the share purchase are set out below." Made my day.
UBS's "Buy" rating was 17 months ago since which time the World has changed just a smidgen. Aviva has been rated a "buy" in 7 of the last 10 ratings since September 2020 with Target Prices ranging from 375 to 478. Makes one dubious about listening to any of them
Points well taken Lazarus, especially on the 737 debacle, and the machinations surrounding deal making. However the latter are beginning to wear a bit thin and contribute mightily to the now high levels of frustration which must be affecting all LTH's.
Great post RMM. Unfortunately as time slips by with no pronouncements from the BoD so does the share price. Accordingly if any significant percentage rise happens on a much lower SP, if and when there is some positive news, the benefit will be hugely negated.
Assuming, for example, in the next 6 weeks the SP goes down say to 1.50, (last seen as recently as 19th March) heaven forbid, then even a 50% rise would bring us back only to 2.25.
Just saying-I hope sincerely I am way off the mark folks so please do not shoot the messenger!!
RE: Patent Applications (Oh no, I hear the regulars cry cry)14 Apr 2021 14:37
Well I guess when you live in a little world of your own oblivious to anything else it is bound to happen. Solution?? GET SOMEBODY WITH EXPERIENCE IN PR TO DO IT FOR YOU-IT'S NOT ROCKET SCIENCE!!!!!! I sometimes wonder what the Company's "Advisers" actually do to earn their big fat fees 'cos it certainly ain't obvious at present.
....... from Mr Brexby of only a few months ago "Haha look at the way it rocketed after my post. All jokes aside this is going to rocket very soon its just a case of milestones until we reach the top."
Pokerchips. What might P. be fined for? After nearly 4 years of digging desperately for some dirt the SFO has yet to come up with even a hint of any form of action against the company and its present employees. IF however they are found wanting in terms of lack of proper internal controls to prevent irregular disbursement of funds then this would be come a matter for the FCA surely, who in turn would levy some form of fine but surely not at the level of SFO fines?