Petrofac Dividends - PFC

Petrofac Dividends - PFC

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Petrofac Limited PFC London Ordinary Share GB00B0H2K534 ORD USD0.02
  Price Change Price Change % Stock Price Low Price High Price Open Price Close Price Last Trade
-9.70 -2.62% 360.50 358.90 366.00 366.00 370.20 09:45:04
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Industry Sector

Petrofac PFC Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

pogue: That's a mighty win, have to say ADNOC are not an easy client though they always manage to screw you for extra unpaid work regardless, also have an allergy to actually paying for services rendered. Never the less that should move the share price.
killman2: pfc share should only be heading north now with dividend announcement due next week and court case still ongoing ie no smoking gun yet and judiciary trying to earn their stipend and convict so-called bribery employees...longer case goes on the higher price travels...imho...shorters beware
cinquepercento: Changing the subject away from all this talk of serious fraud/corruption allegation: Pogue,I think that you have said that you work in the oil industry. New big,meaingful contracts for PFC seem to be getting thin on the ground,and the long term charts show an overfull decline in the share price,despite periodic recoveries. I seem to remember reading that Petrofac is trying to diversify away with that wind farm project etc. I would not be surprised to see another useful recovery for trading purposes,overdue now,but it seems to me that this share is tired and wants to lay down and eventually die. Your thoughts,please.
pogue: spob take a wee look at what happened to the share price when the SFO investigation was announced, no underlying long term prospect will match that for a spike up if they get off with no fine. Have you been buying and selling shares for a long time or this your first foray into the market?
11_percent: IR35, My take is that costs/rates will go up. The industry will still want contractors who they can get rid of in a downturn. They will increase the rate, for the guys they want, to compensate for the tax paid. Also, agree, its not in the PFC share price, will take at least 6 months to get clarity on the effect.
cybernest53: pogue... "don't think we are disturbing anyone" You'd be wrong to make that assumption. Each time there is a new comment here I get a notification through email alerts. I interrupt what I'm doing and come here in the hope of getting news of import concerning my investment in PFC... only to find more unimportant (at least to me) navel gazing babble about the bloody IR35 rule! :) Frankly, a conversation that you and others interested could have conducted privately. I am far more interested and concerned about news and opinions of the Unaoil trial and the large drop today in the share price of PFC. I'm sure I'm not alone!
killman2: is anyone really an expert? try some of my GolfMan tips at hxxps:// I'm the expert's all a gamble... PFC price recovery on the way after vicious shake gets weak hand off the shares..
paa65: Yes - shorters do have to pay the divi to those who have loaned out the shares - but given that the share price usually goes down by approx the dividend amount it's not a loss for the shorters.As regards the "FSA" I think they meant SFO. Having read SFO news items (google it - the SFO publish significant items of progress on their cases) I can't see the PFC case closing yet for two main reasons.1. David Lufkin - ex Petrofac - pleaded guilty in Feb 2019 to making corrupt payments and offers in Iraq and Saoudi whilst a Petrofac employee - although neither the company nor other employees and directors have been implicated.He still hasn't been sentenced - so presumably SFO are looking for more or perhaps plea bargaining with him.2. In July one Unaoil exec pleaded guilty to corrupt payments to win contracts for their client SBM offshore. Three other Unaoil employees have been charged with the trial slated for Jan 2020.As Petrofac were supposedly Unaoils biggest client at one point, I suggest the SFO will want to see what emerges in the Jan 2020 trial before considering the closing of the Petrofac case.Would love to be wrong on this though as I am long on PFC.
garycook: Petrofac Dividend Yield History 24-Aug Dividend Yield (%) Petrofac Current Yield Details - 7.77% Dividends Declared in Previous 12 months Year End Type Announce Date Ex-Dividend Date Payment Date Dividend 12/2018 Interim 29-Aug-18 20-Sep-18 19-Oct-18 $0.127 12/2018 Final 28-Feb-19 25-Apr-19 24-May-19 $0.253 Total: $0.38 Dividend Yield = Total Dividends Current Share Price = $0.38 398.7p = 7.77%
wayne_d_roberts: This is overdone in my opinion. Before the allegations, PFC were trading at around £8.50 and, after today's news, we are at £4.00. That's £4.50 per share destroyed due to the SFO investigation (oils overall are now trading higher than April/May 2017). With 346 million shares, that equates to £1.56 billion of shareholder value destroyed by the investigation. Assuming that PFC is held culpable for the contract bribery allegations admitted by the ex-worldwide head of sales, and assuming that a agreement is reached with the SFO, then a fine rather than a trial would result (which might explain why no-one else has been charged at this point). Precedent suggests that the fine could be based on the profit made by PFC on the relevant contracts. Based on press releases today, the relevant contracts sum to total revenues of around $4.45 billion. PFC's historical operating margin is around 10% (less in recent years). Assuming that PFC made 10% on all of these contract revenues would give an operating profit of around $445 million. In bribery cases, the fines are 'usually' in the range of 250%-400% of the profits made (depending on a number of factors, including the extent of cooperation with the investigation, procedures in place etc.). Assuming an aggressive penalty of 350%, would give a fine of around $1.56 billion (or £1.2 billion). A hit of £1.2 billion rather than the £1.56 billion PFC has already taken would put the share price at around £5.08...rather than £4.00. On top of that, PFC's operational performance has been excellent over the past 6 months, the oils in general are higher...and the CEO made a significant share purchase. Unless there is more news to come, which is unlikely as the individual concerned was the worldwide head of sales and would have been aware of activity on all contracts, then PFC should be trading in the 510p to 550p range today...25-35% upside potential. Obviously, just a thought, not a recommendation, DYOR
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