Member Info for YorkshireBlues

Thanks!

Let's see...

What news Solentskier?

By 0.13% as well so not an insignificant amount.

Fingers crossed Capt Nemo!

Shorts were at 8.79% beginning of the week and now at 8.66%. Every little helps.

Small decrease in short position from Astaris yesterday.

Tony, stay off the bolly during daylight hours. Theres a good chap.

Would be very interesting if someone other than Whitebox began reducing. I suspect it's Whitebox too though. I suppose we'll see tomorrow COP.

Met too! I'm selling up!!

If so then Whitebox are unbelievably stupid!

Some news imminent?

Understood PFC

I'd be the same PFC however, I'm now stuck with an average of 34p. Id just be losing too much if i sold. Survival is now the name of the game. I can afford to hold for years if needed.

If there's a dilution and the company survives then so be it. It would end the uncertainty and the company can move forward with the existing $8bn in contracts already won and focus on winning more work.

As Evanescent has pointed out a number of times Petrofac requires 75% of its noteholders to agree to a dilution. That number is currently at 47% and hasn't changed much in the previous few months. Additionally, even if that figure reaches 75% it will take another few months at least for the courts to approve the dilution. A lot can happen in that time especially with a non core asset sale around the corner and perhaps a few more clients agreeing to forego performance guarantees as one 'key' client has already agreed to. Finally, as Amers pointed out the key is survival. If Petrofac shares are diluted and the company survives then we should see the share price climb with the $8bn backlog in contracts.

Sadly it's only whitebox. Would be good to see some of the others reducing.

If only! A few of the short tracker websites are down so it's probably some kind of software glitch.

Good news!

Fair enough. $73M is still a decent figure.

@shahz,

Non core asset sales should (hopefully) bring in far more than $60m. If various reports are to be believed more closer to $200m.