Member Info for xtw2

Understand, unhooked, everyone has their own level of Risk and of course relatively new IPOs are riskier than some Shares with Performance History (and the presence of Shorters can be spooky, especially around Halloween time!). The trouble is that that's not only the case with new IPOs: look at what's happened to AVON, CMCX, FSJ, TGP, INTC & HOOD over recent months/weeks/days, as well as AWE. Nothing is certain in Share Trading. Once the dust has settled and these Stocks have reached their bottom, I see all this as Buying Opportunities: I've Bought AVON, CMCx & TGP near their bottoms, and will be adding to CMCX & TGP over the coming days & weeks. Risky-ish, yes, but where else can such Bargains be had unless one is on the inside (illegal) or in the know.

Dear jupiter31, thanks for your reply. I concur with your sentiments in your 1st para and totally understand your concerns at a) and b).

I take a little more risk than you by the sound of it in that If I see real value in a Share and its SP with no apparent foundation for a significant SP drop - other than the presence of Shorters - then I invest. Your strategy is less risky but I suspect you would therefore be investing at a slightly Higher level. Who knows though because, of course, this could Fall further. I hope not and somehow I doubt that it'll go Lower than the prevoius Low of 171.80p on 29/09/2021 unless there's genuine bad news around the corner or hiding in the long grass!

Btw, jupiter31, do you have any idea what the reference to Wise Road is about by the Derampers/Trolls on here?

Dear Amichalskiuk, I agree it's hard to comprehend, but please also note:

1) On 01/10/2021, Victoria Hull, Non-Exec Director purchased 78,431 Shares @ 255p.
2) On 20/10/2021, CI Financial Corp purchased 664,965,934 Shares (representing 3.11% of total Share Capital) @ 255-283p.
3) On 01/10/2021, Rosalind Singleton, Non-Exec Director purchased 7,961 Shares @ 251p.

I think it's hard to comprehend that these Shareholders were/are also in the dark! It has to be Big Bad Shorters!

I’m not calling you a liar, johnychainlocker, I’m just saying that people shouldn’t trust anonymous posters (including me) on here regarding information that is important to them, that’s all.

I was just about to point out before your latest post that the whole confusion lies in one of the paragraph Extracts from your previous post:
“Your account will be credited with 1 basic entitlement share for every 4 ordinary shares you hold as of the record date, 25 October 2021. These entitlement shares will be credited to your account upon receipt and will form your basic entitlement, which will not be subject to scaling back.”

But you beat me to it! Haha!

My whole point right from the start is that this ie the 3x RNSs from PFC posted yesterday including the Prospectus are far far far from clear re Entitlement to the Discounted Shares in the Open Offer. On the one hand, it says Entitlement is based on the Record Date of 25 October 2021 and on the other hand, it states an Ex-Entitlement Date of 27 October 2021.

Can you see why I and others remain confused and that views are polarised on this issue?

MaryBr190, you are missing the point too!!!

That email/message is for you and you alone. You’ve cut’n’pasted it for starters rather than provided a copy or a link to it (impossible on here and I’ll-advised, of course). So you could have fabricated it.

My point is: STOP GIVING OUT ADVICE to people when the issue is important AND especially when there’s contrary/polar views on the subject.

Just tell the inquirer to DO HIS/HER OWN HOMEWORK and call the Experts. Get this subject off this Board!!!

Nice example, Pokerchips. But it’s not PFC AND you’re missing the point.

Let Shareholders do their OWN RESEARCH & HOMEWORK not trust in me or you or MaryBR or Comeonvog. We are anonymous posters who should not be trusted to give out such important advice & information. That’s my point.

Check with your BROKER(S), check with PFC INVESTOR RELATIONS, check with the LONDON STOCK EXCHANGE. Get this subject off this Board.

Look at it this way: let’s say someone on here was arrested by the police for a very very minor misdemeanour relating to Share Trading. They could be innocent or guilty but the police try to persuade the suspect to accept a Caution. The suspect was given time to call a Solicitor. Instead they came on here asking for advice. Would you as a layman suggest they save time & money on calling a Solicitor ie the expert and accept the Caution? No, of course you wouldn’t or at least I hope you wouldn’t.

I love the way it’s sneakily issued at 16:24! I wonder how many of us managed to spot it, read it and Buy some before 16:30!!!

Fortunately one of my Brokers allows After Hours Trades via TradeGate so I might top up on there before the rush tomorrow…

Happy Days!

It matters not a jot anymore IN TERMS OF ACTIONS THAT CAN BE TAKEN as all relevant Dates, whichever is correct, have passed.

But of course it matters to those who Bought or Sold yesterday as to whether they’re entitled to the 1 for 4 Shares @ 115p in the Open Offer.

I personally think and hope MaryBR, Pokerchips et al are wrong and Comeonvog et al are right (for all the right reasons ie why should non pre-existing Shareholders prior to the Record Date benefit from the Discounted Shares in the Open Offer when people like me have been long-term Shareholders of PFC off and on since 2018 and have supported the Stock through thick & thin). That’s certainly how I read the 3x RNSs from Petrofac yesterday including the Prospectus. But the former may be right, I conceded that in my post early this morning.

But the point is: NO ONE on here should be listening to/heeding the advice of posters on here whoever they are and however long they’ve been posting and however trusted and genuine they appear to be. Many many posters on here are ‘Wolves in Sheep’s Clothing’ ie Derampers, Shorters, Trolls, etc. and whilst they may seem helpful, often they’re only in it to drive down the SP and make a fast buck. The only posters I trust are those who want the SP to go UP and UP and UP.

Thus EVERYONE should do their OWN HOMEWORK and FOR ABSOLUTE CERTAINTY: firstly CHECK WITH THEIR BROKER(S) holding their PFC Shares (I have my PFC Shares across 2 different Brokers and will be checking with both, especially as obtaining entitlement to the Discounted Shares might be procedurally different for each) AND then CHECK WITH INVESTOR RELATIONS at Petrofac (the Telephone Number is on the RNSs/Prospectus) AND then CHECK WITH the LONDON STOCK EXCHANGE.

Shut up, y11-shx, you're a b*ll****ter!

Well, obviously there's no guarantee of 115p today.

And RR's Rights Issue was done at a very different time - last year - and for different reasons. Confidence in RR had fallen to an all-time low, it was desperate and it's future looked in peril. Whereas PFC has just come out of excellent news re SFO concluding its investigations and levying a reasonable fine, plus PFC's future looks rosy. Different times, different circumstances, different outlooks.

Yes, that did occur to me but I don't think the Trades were that much higher than some of the recent Trading Days for PFC.

Well, the very fact that views as to what the Qualifying Date for the Open Offer 4 for 1 Entitlement is are polarised on here confirms that the RNSs and the explanations contained therein relating to same are confusing to say the least.

Nobody should be engaging in conversation with y11-shx, other than to tell him to get off this Board/site! He's a despicable, insulting Troll & Deramper whose kind does not belong on here!

Read his last few days posts and you'll see clearly that he's not someone to be trusted.

I agree with all that this is somewhat confusing but...

Extracts from today's RNSs @ 07:37 and 15:49:

* Record Date for entitlements under the Open Offer - 6.00 p.m. on 25 October 2021

* Qualifying Shareholders - Shareholders (other than in respect of treasury shares) on the register of members of the Company at the Record Date.

* Placing and Open Offer
Under the Open Offer, Qualifying Shareholders are being given the opportunity to subscribe for Open Offer Shares pro rata to their Existing Holdings on the basis of one Open Offer Shares for every four Existing Shares held by them and registered in their name at the Record Date (and so in proportion to any other number of Existing Shares then held) on the terms and subject to the conditions to be set out in the Prospectus (and, in the case of Qualifying Non-CREST Shareholders, the Application Form).

* Open Offer
The Open Offer will open on 28 October 2021 with Qualifying Shareholders having an Open Offer entitlement of one Open Offer Shares for every four existing ordinary shares registered in the name of the relevant Qualifying Shareholder on the Record Date (and so in proportion to any other existing ordinary shares then held) on the terms and subject to the conditions set out in the Prospectus (and in the case of Qualifying Non-CREST Shareholders, the Application Form will be despatched to shareholders). The Open Offer is expected to close at 11.00 a.m. on 11 November 2021.

It seems pretty clear from the above Extracts from today's RNSs @ 07:37 and 15:49 that the Entitlement Date for taking up Discounted Shares in the Open Offer is/was: 6pm on Monday 25th October 2021 i.e. the Record Date.

* Ex-entitlement date for the Open Offer - 27 October 2021
This appears to be a red herring. This did not appear in the RNS: Petrofac Limited: Proposed Fully Underwritten US$275 Million Firm Placing and Placing and Open Offer 26 October 2021 07:27. I cannot see how non-existing Shareholders would be entitled to partake in the Open Offer yesterday (26th October 2021) - surely everyone would just pile in?

Barcap, what is the point of your post, as follows?

Price action tells all. 170p the old low is now on the horizon. Just my view, so don't shoot me down. Balance of views on this BB is useful, especially for newbies. The Tea Lady is looking smug and her tea is first rate.

Is it an 'I told you so' post? Does it provide anything useful? Newbies deffo do NOT need your kind! You're a charlatan and a despicable toerag! B*gger off!

jupiter31, yours of Tue 17:46, they don't know anything more than we do! They're Shorters aka scum-of-the-earth simply taking advantage of genuine long-term Shareholders for a fast buck by exploiting a bad news yet spurious News Article, which has spooked and cast doubt in the minds of Shareholders like yourself.

Sure you should be 100% continuously reviewing and validating your investments (and your original rationale for them). Of course. But that's very different to a) listening to/heeding Negative and ridiculous comments so obviously posted by idiotic Trolls & Derampers like Barcap and b) getting spooked by Shorters where, following your own intensive Research, there is obviously nothing adverse or sufficiently worrying about the company to warrant such significant falls in the SP.

A very good case in point is NETW (Network International) when Shorters systematically drove the SP down from 460p to as low as 178.10p on the 21st September 2020, when the company issued an RNS stating it knew no valid reason why the SP had fallen, after which it shot up and eventually regained its prior heights.

Koolhead, yours of Tue 17:25, you've absolutely hit the nail on the head - totally agree!

I'll say it again - I'm in AWE of AWE, especially at these silly Prices!

jupiter31, that's not what I'm saying at all. I think both Positive & Negative views are welcome but not equally so. I often have a Negative view about a Stock, but I rarely post about it unless I'm in the Stock, I just steer clear of it or Sell up. You have to ask the Question: why is someone constantly, continuously and deliberately posting Negative views about a Stock that they're 99.9% certain not in themselves??? Because they're a stupid Troll and a Deramper like Barcap. Thus meaning that they're either trying to drive the SP down so they can buy it on the cheap themselves or more likely they're a (despicable) Shorter similarly trying to drive the Price down.

In addition, ask yourself this: why hasn't Barcap provided any proper factual evidence that AWE is a toxic Stock? Why hasn't he provided any weblinks? Surely his post of Tue 14:58 says it all!?

So, in summary, I read Positive views or Informational posts with interest. I read Negative views with suspicion unless they're accompanied by hard facts and corresponding evidence in the form of proper bona fide weblinks e.g. a Broker View or a Newspaper Article.

Well said, as well, Seaking1 and stuGGTTH - I'm in AWE for the long term too. Current SP falling is to do with the Shorters manipulating the Stock and the negativity will pass.

I'm in AWE of AWE, especially at these Prices!!! Ho, ho, ho!

Koolhead, yours of Tue 15:19. Well said, sir!

PS. I'm deliberately avoiding the Wiseroad heading as this appears to be misleading by its original poster unless someone proves otherwise.

Surely everybody can see that Barcap is a complete idiot as well as a Troll & Deramper!

Look at his idiotic post below where he states:

On 7th Oct I posted my source.

".....The Tea Lady told me the Grim Reaper is approaching..."

The Tea Lady is always right and mixes in informed circles.

I did try and warn people.

Good Luck
Barcap

Need I say more? Block him. Filter him out. He's provided no evidence or links whatsoever to back up his wild, outlandish and frankly ridiculous claims!