Member Info for Warthog4

Many thanks Hotblack.

Yes, after my declared opt out ( I was having a bad hair day, what's left of it-I had a full head of same when I first bought into Sareum!!) I decided to take a long hard look at the present scenario. There ARE risks of course BUT we seem to be in a better progress curve than ever before in terms of the techy bit but I am still concerned about the quality of management which is the lifeblood of any organisation. They various finance type of decisions they have made this year, all declared to be "in the company's best interests", or similar seem to have had the opposite effect. When questioned about the RF deal at the Q&A they merely said it was the best option but, unless I missed it, they failed to say why.

Also there is an air of evasiveness sometimes eg the present state of play with 737-it was some of OUR money that went into the original collaboration if I remember correctly, but we finished up with no seat at the table.. I have to say it beggars belief that a company that has invested shareholders money in a project then allows itself to be sidelined from any future control and now has to rely on the whim of others for any news. At minimum I would expect our BoD to be in regular communication with CRT to ascertain what the Donald is going off, not just sitting back and whimpering that "we have no say...etc"

Parker worries me as well-what EXACTLY is he doing to warrant £58kpa?

He was going to be our big gun but how much time does he spend on company business eg going out and getting our name known by his City chums?

I asked the question via the Q&A session 2 years ago but received no answer.

Finally I am not sure that having TM (or any scientist for that matter)as CEO is a good idea. It is said he is a b....y good scientist then let him concentrate on his strong suit rather than playing at being a businessman and get a hardnosed

exec. in his place- this ain't a playground its the AIM jungle.

Finally a management gem from the archives:-

"On 19 July 2012, the Company issued a Trading Update stating that it expects to conclude a commercial deal with at least one of its research programmes by the end of the calendar year, and the Company stands by that statement."

I rest my case.

GLTALSS

Andy-there has been talk of ructions ("wrath") at the AGM before but they never happen 'cos very few people turn up. Maybe this year might be different as the natives are certainly getting restless (and before anybody starts accusing me of racism we are all "natives" of somewhere!!)

Https://news.cancerresearchuk.org/2013/09/24/crt-pioneer-fund-bacit-and-sareum-enter-agreement-to-fund-development-of-drugs-to-treat-cancers/

Note the comment by Tim Mitchell (a shade over 10 years ago!!)

One of four bits of good news in just over a month.

Impact on SP?? down 32 friggin' per cent.

SP manipulation at its worst.

Bet our esteemed Group Chief Exec. is glad he got rid of half his shareholding back in September at just under 78p.

Stranger things have happened Jake: it is the City after all. All Pals together and to hell with the investors!

Read also his track record at the FCA on Wikipedia. Makes for interesting reading.

I believe you Kentio- there is nothing the City Boys and their journalist Chums will not stoop to nowadays to make a fast buck right under the noses of the FCA

(Just for a laugh compare the cv of the ex boss of the FCA, now Guv'nor of the BoE , with that of his predecessor Mark Carney.

How on earth Bailey got the job remains a mystery)

They have already said they don not comment on rumours. Also the £242k buy by Joshi last week would be viewed with a very jaundiced eye if the company suddenly announced takeover talks.

Presumably you mean "bail, bail" unless you are making hay of course.

Do stop making crass comments or justify them with hard facts and figures

Yes, glad to see the back of the grubby little .......s who have been shafting this share for years to the detriment of us SI's

"In the United Arab Emirates new employees their operational hub is located in the Emirate of Sharjah, within the renowned Petrofac Tower, where they facilitate both regional and international projects."

First 12 words or so do not seem to make sense or am I reading it wrong?

He may not reside in the UK, but by nationality he is Brit. and on the Board of a UK registered company so he really does need to care about our regulations.!!

You may well be right. If there was even a sniff of a takeover in the wind he would be guilty of insider trading.

Now a shade over 2 years since the bean counters at SFO grabbed their ill-gotten gains and our SP stood at £1.82.

Despite winning contracts from ADNOC after the blacklisting was lifted we haven't really moved on at all, rather the opposite.

The SFO case should now be ancient history and we should have "moved on" but I venture to suggest that one of the reasons we haven't is the fact that other companies in the sector bidding for the same contracts remain untrammelled by the lesson that had to be learned by Petrofac.

You can read into that what you will!

Bought 1,011k

Sold 681K

must say something??

Yes Compass-on the day. You having a prob. with HL??

Presumably this is the same Deutsche who proposed a TP of 560p in its last recommendation when the SP was standing at 400p i.e. a 40% hike, the best managed being about 460p.

The answer DB received was one which was blindingly obvious in view of market Regs. but as DrP states doesn't mean there isn't something brewing in the background and in addition would the "Times" have added its name to the speculation without some very good reason?

DrP.

Very strange!! Only a few minutes ago I found the article I posted but I swear blind it had disappeared last evening!

Possibly a minor aberration aided and abetted by a convivial weekend!

NAV slumped 34% at 31.12.22 to 12,895m. 2023 will have to go some to make it up so £6.00/share is wonderful to anticipate but more than a tad optimistic. Hope I'm proved wrong.