Member Info for Warthog4

Sorry, what bounce? We're currently 5% down on the day-we hit 127 then "bounced" back down to the current figure.

to the day-expected rebound not materialising and beginning to slide again. Maybe Sworaf's comment about post 09.00 might
happen?

"......surely members of the board must have been aware of the payments?"
See my earlier post-Lufkin was in cahoots with three or four other folk, presumably in quite high places. Such collusion can easily by pass the BoD. Leeson managed it at Barings for much, much bigger figures, for over 3 years. Even the best internal controls can be by-passed if sufficient seniority is involved; t'was ever thus.

"Not much defence they can provided and can see prosecutions on this one."
How do you know? Are you privy to information we are not? FFS don't condemn the company out of hand in such a manner-we have enough solids hitting the windmill without you joining in.

"Alleged" bribery payments in the case of the Company and existing employees-still to be proven
In any case bribery payments are not "authorised" in true company parlance. They disappear though the back door!!

It seems Lufkin was in cahoots with several other former employees. Such collusion can easily hide malpractice from the most eagle eyed executives, and Internal and External auditors (Barings went through three external Audits before Nick Leeson's machinations were discovered). The SFO indicted Lufkin over 2 years ago and this additional disclosure smacks of plea bargaining on Lufkin's part so it seems to me that the SFO is still having the greatest difficulty in obtaining sufficient dirt on Petrofac to indict it and any of its PRESENT employees. If they had then further indictments would have been forthcoming.
What worries me somewhat is for how long is the SFO going to continue scrabbling about in the faint hope of digging up said dirt, however trivial, in an attempt to bolster its somewhat tarnished reputation.

Oh Bugs!!! I really should wear my specs so early in the morning!! Well spotted.
While writing I notice the RNS says "A small number of former Petrofac employees are alleged to have acted together with the individual concerned, although none have been charged."
Can't find mention of this on the SFO website but maybe it's a specs. problem again!

The MM's have had it in for this share for a long time now, constantly depressing the price even when there has been a modicum of good news. They and the shorting fraternity are in cahoots big time and care not if the company goes under.
Put 'em up against a wall.

Once again a shorter increases its percentage position by 16% just 2 days before a SFO announcement. Will that be investigated by the FCA? Ha ha!

https://www.wealthclub.co.uk/aim-isa-iht-relief/

"flippin 'eck.
My utterances last Friday afternoon resulted in most of the bird life quitting the immediate area and squirrels cowering in the bushes with paws over ears. Short lived however and didn't lose any sleep-after 10 years one gets somewhat sanguine about such hiccoughs.

Retracing nicely now that the MM's have sucked in more punters.

Never seen so much activity on this BB on a Sunday.
We are all a tad apprehensive about what will happen to the SP tomorrow morning notwithstanding the fact that wild daily gyrations are not unknown, but in any case a big thank you to all the Posters who have expressed some positive opinions about the way ahead. As for the the others, your comments are noted.
GLA

Tim-spin??? He's a scientist, not a slick PR man-no chance. Doubt our "advisors" are any more capable nor the BoD

Yes, including some poor sod who was screwed for 2.55!

"Sheeps"?????????

..a shareholder Specto? If not why bother posting on this BB. If so, presumably you are on the verge of selling up and getting out?

"the SFO has hundreds of ongoing investigations."
Well, 42 actually but let's not split hairs.

"C'mon Sierra get your plans for 737 on the table."
Dream on.

Wanna bet-MM's have got the jitters.