Member Info for Warthog4

When the uber rich/greedy stop worrying 'cos they're down to their last 100 million bucks!!

We don't even feature in the 250 Top 20 Fallers today, Wood Group is down 7%
and we have had a bit of a bounce from the day's low.
Retire for the weekend and lick wounds!

MM's jerking the strings again-SP all over the place this last week, literally up one day down the next etc etc.

Agreed and the reason they haven't to date is they can see the potential for further falls perhaps?

Now drifting back rapidly. What IS wrong with these market folk

250-Up 2.43%
Wood Group-up 2% even with huge debt pile
Petrofac-near to zilch, despite next to nothing debt and glimmers of new business.
Something really rotten in the Sate of Denmark

...and in the UK an average of 600 deaths per annum.
UK Deaths so far from Corona (ironically used to be a brand of soft drinks started in 1884 and lasting until the late '90's)
1-as far as I can ascertain.

A more cautious start here-let's see how the day pans out

250 up 1.5%
Wood Group up 2%
Petrofac down 2.2%
Still struggling

Google "SFO Blunders" to see the extent of their incompetence. In one case they were fined by HMRC for infringing VAT rules.
One Government Department fining another-you couldn't make it up.

The verdict is a major blow to the SFO’s already fragile conviction history. Michael O’Kane, senior partner at Peters & Peters who represented Richard Boath, urged the attorney general to review the SFO’s operations and decision-making in light of the outcome.

He said: ‘What was the SFO doing spending millions prosecuting Mr Boath, when he had been cleared of exactly the same conduct by the FCA? The new attorney general should conduct a thorough review as to why the SFO repeatedly demonstrates such poor judgement. While victims go without redress in a rising tide of fraud due to a lack of investigative resources, the SFO has just wasted many millions on an utterly vacuous prosecution.’

Says it all.

Alto. They won't learn- they are totally oblivious to the need for professionalism stemming from the ethos of non accountability which pervades the Civil Service. When was the last time you heard of a Civil Servant being sacked for incompetence??

Yep- 7.5 years wasting taxpayers' money-can't rush these things you know!
Osofsky must be chewing the carpet!!

Dunno, but the odious shorters must be hugging themselves EXCEPT knowing at what point to close out positions-at present they're probably just hanging on in the hope the virus ain't contained suddenly

A year ago the 250, more domestically orientated, was standing at 19,181: just now it stood at 19,090
The 100: year ago 7,075: just now 6,590 indicative of the 100's heavy bias towards international earnings, which will be badly hit.

"Berenberg was assuming Petrofac would receive a $300m financial penalty in relation to the SFO investigation."
Bit of a wild assumption!!

Yep-gauging the bottom so to speak is a bit like playing Russian Roulette at present

I notice my word b...h, as in female hound,has been asterisked out. How pathetic can you get. Obviously the folk who programme this site's editing function have limited command of the English language.
All part of the prissy narcissistic society in which we live today. (Oh yes- I have had a bad day, a very bad day!!!)

"If you create a fund for a potential fine, then I think you are sending out the wrong signal. If you believe that you are innocent, why do you need a fund?"
On the other hand if you take a cavalier attitude and consider yourself beyond reproach and DON'T make provision then when the solids hit the windmill your shareholders will ***** like hell.You may believe you are "innocent" but when you are up agin
an arm of Government always fear the worst.
Just prudent management IMHO.

Not the "British" it's the " British Civil Service" that totally unaccountable bunch of individuals who have never made a decision in their lives, live off the fat of the land pension-wise and generally view the rest of us with contempt.
SFO is part of this iniquitous system and doesn't give a monkey's if Petrofac stands or falls and are stringing the investigation out as long as they can in the hope of digging up some dirt , however insignificant.
In other words trying to justify their miserable existence.