Member Info for Warthog4

Now a dreary scenario with SP falling slowly but surely but to what level??
Until the Fine Slapping Office wakes up from its eternal post prandial slumber and brings the investigation to a close enabling Petrofac to gain much needed new business, we ain't going anywhere but down. Do they care?
Do they eckerslike- they're Civil Servants with no responsibility or accountability.
GLA

".......realistically this could hang over PFC for another 6-12months."
During which time the obtaining of much needed new business will be crucial but, unfortunately, probably extreme difficult.
However the self-satisfied Government paper clip counters couldn't care less despite their protestations. As long as the taxpayer keeps pumping funds into their 100% protected pensions they are content to sit on their hands and string it out.
High time Osofsky started doing what it says on her tin
"Lisa has made clear her commitment to getting our cases moving more quickly, especially at the investigative or pre-charge stage. That will mean case teams being strategic as to what lines of enquiry they pursue; not over investigating cases;"
Extract from
https://www.sfo.gov.uk/2018/11/21/current-priorities-and-future-directions/

Haven't seen anything so I can only surmise they are keeping shtum just in case they drop themselves in it by a quasi admission they got it wrong-again.

RMM
AT LAST!! A pragmatic summing up of our present pathetic situation. I can only hope the AGM IS bloody to shake up these jokers and make them aware that their little sinecure is insecure so to speak. It seems Tim and Chum are doing their bit but what are the NED's doing apart from collecting fat fees the extent of which appears to be a closely guarded secret?
Parker was supposed to be the catalyst to bring the institutions on board but despite probably many cosy lunches at our expense to date NOTHING.

Roll on the AGM, artfully scheduled for the week before Christmas (if as last year) when the BoD hopes folk have other things on their mind and, therefore, can't be bothered to attend.
PS Now .3925 to sell, back to where we were over 8 years ago. There's progress for you

Date Broker Rating Old Target New Target Change
08-Jul-19 Barclays Overweight 670.00 670.00 Reiteration
10-Oct-18 Barclays Overweight 850.00 1,000.00 Reiteration

Unless a rating is missing somewhere shouldn't 8th July 19 Old Target read 1,000??

NT 22-agree 100% but do remember these johnnies are civil servants, ie no commercial experience at the sharp end or accountability.
If the whole thing goes belly up there will be the unctuous platitudes about "duty to protect the public from financial harm": "ensuring the UK is a safe place to do business" and all the other bullshit we have become used to from Government when trying to defend an indefensible position.
Will/do they care about the shareholders? Purely rhetorical

"Cochran also said Petrofac lost out on $10 billion worth of contracts globally due to the probe by the SFO into its dealings in Saudi Arabia and Iraq."
Lost out on them or lost out on being allowed to bid for them?? A distinct difference.

Still no squeak from the SFO. If they confirm officially I wonder if that would prompt another spurt to new highs? Strange they have remained silent when seemingly the rest of the business community knows all about it.
Embarrassment over a potential leak perhaps, (like the one that appeared to happen just 2 days before the official announcement of the Petrofac investigation, enabling 2 institutions to hike their short positions?)

Keeping out until the dust settles-may regret it but my exposure to PFC is enough at present. Too many eggs etc....

Correction-7% fall. Usual scenario-bit of improvement then forced back down again. Poss. SFO keeping buttoned up has something to do with it.
Scared they will look as though more egg on face perhaps?

Is today's 3% fall due to a modicum of reality setting in or just a bit of profit taking after yesterday's meteoric rise?

"The SFO is characterized by failed and "also ran" accountants who would struggle to command decent remuneration outside the state quango industry!"
Google "SFO blunders" for some interesting reading.
(The SFO were even fined £180,000 for infringing VAT regs. One Govt. Dept. fining another-you couldn't make it up)!

Down another 10% at the open and although the first hour of the day is usually a bit shambolic I can't see it retracing.
Market now seeing Sareum for what it is- a gravy train where shareholders ain't aloud on board.

Inclined to agree Bluedreamer-BoD fees and executive salaries guaranteed for a bit longer whilst we see our pot shrinking slowly but surely.
"give us a special dividend"-now you really are dreaming!!

Don't do that-you'll miss all the fun!

Can you please have a nap every day Lilo!

Sierra- SP down 80% since this time last year, or thereabouts.
Sareum-SP down 53%........................ditto.................................
and Sareum is relying heavily on Sierra for its future?
Mmm.

Alto.
I really don't want to go there if you don't mind!

(Can we stop calling them "Trails" please)
Ahfam3.
I (and others I guess) wish I shared your optimism, albeit based upon some interesting looking evidence.
It's not the news on the products' progress which is bugging folk it is the continuing silence from Pampisford on what the BOD are doing to get this company's name up in lights as a potential leader in its field. If they are expecting someone to blow the trumpet for them then they are living in a dream world. As is stands at present we know absolutely nothing about their activities ( if there are any!) which is appalling. They are, no doubt being paid handsomely (by Us!) and we have a right to know how they are going about getting Sareum in the headlines.
I realise that some information is price sensitive but that is what the RNS system is there to cope with but day to day activities to improve the Company's image etc is a different matter.
C'mon Pampisford-let us know what you are up to and give us some indication that you ARE doing what is says on the tin

Aber
".....so it would be very disappointing if they now dropped the SP drastically"
I was going to write earlier to say "prepare to be disappointed" but decided not to be a pessimist.!
The MM's have hammered us but Dr Tim and his Mates are sitting pretty-AGAIN.