Member Info for x66rjp

BT does over £3bn of revenue through its global division.

Https://totaltele.com/drahi-mulls-increasing-bt-stake-to-29-9/

Negative equity for homeowners (so couldnt move if they wanted to) and risk to banks who have lent the money for assets that are no longer 'worth' what they were when they lent the money.

Https://www.telcotitans.com/vodafonewatch/eand-expansion-rumours-encroach-on-vodafone-turf/6830.article

Presumably Russia exit is the cause? It says they controlled 25% of the market there.

I think the concern is cashflow - substantial capex investment in FTTP; pension obligations and recent CWU agreement. Drahi pumped in a substantial investment so hopefully that bodes well. Only other concern is the margin in broadband/mobile as this market seems like a race to the bottom.

With operations mainly being in Russia (and therefore presumably most of the businesses funds), how can they pay dividends at the moment with SWIFT cut off?

Painful day everywhere today. Glad to have added more yesterday ready for a drop today. Onwards and upwards.

Seems like a good opportunity to me.

Its probably the bitcoin ARB boom isnt it.

GGP is strange - it followed the gold price in Aug/Sept 20 (so it ignored covid to an extent), then with the vaccine in November GGP surged (so the sp followed covid) but since December the GGP sp has dropped massively but doesnt seem to have a huge reason (i.e. not following covid news and gold only dropped about 5%). Its hard to judge if this is oversold or overbought back in Nov/Dec. I would lean to oversold on the basis there is no justification for the large drop but there was justification for the earlier gains.

HSBC - you can sell but cant buy!

Is this company likely to succeed making profits out of mining bitcoin long term? I have basic knowledge in this area but assume it would be better to manufacture the mining equipment rather than do the mining piece?

So is your point that this is priced in already as we know the outcome? My question was what this is likely to mean for PFC as a legal entity? We knew when he pled guilty that PFC will likely receive a fine. Is it thought that the level of that fine has some link to the sentencing here?

I am trying to understand how this sentencing has any real impact on PFC (other than sentiment).

What are the likely scenarios here and what will it mean for PFC:
(a). Custodial sentence handed down - are the SFO likely to get their tails up and go for more staff at PFC or be happy with getting Lufkin?
(b). Case falls apart, Lufkin walks away - are the SFO going to want to recoup costs and save face and go after PFC? Cut their losses and walk away?

I guess my question is - does this case have much of an influence on PFC at this point?

Placing in March 2020 was at £2.50 so would assume that is the floor for this drop. Based on the previous raise being £200m and this one likely to be £500m - the dilution will be higher so hard to see how the sp can drop much further before an announcement on the RI terms.

Thanks good shout, so the money laundering is a bit of a side show to the main event really.

Apologies as imagine this has been done to death....just looking on the SFO site at this case and it states "The SFO’s investigation into the activities of Petrofac, its officers, employees and agents for suspected bribery, corruption and money laundering continues".

Does anyone know how money laundering is part of the investigation? The charges all look like bribery so not sure how money laundering is relevant.

Dividends are paid out of retained earnings so you have to be (or had to be) generating profits...

Poker - I agree, it's a good point that they have cooperated so probably will have a positive impact.