Petrofac Share Discussion Threads

[denholm elliott] 27/3/2024 09:55

P&D

10p entry.

[jaknife] 27/3/2024 09:34

kibes,

"where do you find the bond prices? Can they be purchased easily by small investors? They might be a safer buy than the shares."

The bond market demands a yield to maturity of over 60% in order to compensate for the risks of holding Petrofac bonds:



It is rare that such bonds are labelled "safe", more normally they are referred to as "junk".

JakNife

[jaknife] 27/3/2024 09:30

wellbutpoor,

"Jak and Loglorry have gone extremely quiet and it would be good to know their view."

Nothing has happened to change my view. I have nothing to contribute that I haven't already written.

I don't subscribe to the view that, just because the share price has changed a little in the last few days, then "somebody knows something". I subscribe to the view that, in every situation like this that I've ever encountered, the share price can be extremely volatile. It's impossible to know the motivations of other buyers and sellers so you simply need to focus on what you know yourself and why your position is what it is.

In particular it frequently seems that the closer you get to the end game the more inexperienced retail punters become attracted to the stock who seem to think that if you type "it's going to the moon", "burn shorts" and rocket emojis then they will be able to sucker others into buying and therefore push the price up. They may achieve a movement in the short term but in the long term the price effect of the recapitalisation event will always prevail!

JakNife

[kibes] 27/3/2024 09:25

Thanks. Current spread is 36/46 so not really feasible to buy (or sell). I have seen companies with bonds at that level recover their share prices without financial restructuring previously, for example Enquest whose bonds are now at 94p in the pound.

[geckotheglorious] 27/3/2024 09:15

Kibes,

Yes the bonds can be purchased by small investors but the "entry" requirements (Minimum outlay) is quite high and means such is out of the remit of most.

[wellbutpoor] 27/3/2024 09:13

kibes

hxxps://www.boerse-frankfurt.de/bond/usg7052taf87-petrofac-ltd-9-75-21-26

Bonds have been well discussed here previously

[kibes] 27/3/2024 09:05

wellbutpoor - where do you find the bond prices? Can they be purchased easily by small investors? They might be a safer buy than the shares.

[rossifumi] 27/3/2024 09:03

I've just put a limit order on mine too, if everyone did the same the shorters would struggle

[topazfrenzy] 27/3/2024 08:37

I cannot believe that you choose to ignore that a huge dilution is coming here. What happened to the asset sales!!? No one wants them clearly.

STRONG SELL

[dipa11] 27/3/2024 08:32

I have blocked my shares from lending by my broker by given upper limit sell orders. I think this is a good way to hold shares in your account. Any views please expressed. Good morning and good luck.

[ny boy] 27/3/2024 08:14

A close over 30p will give renewed confidence to the bulls.

[halfpenny] 27/3/2024 08:14

RNS soon as Asset Sale and Mega Deals flow.

did say Breakout started..

Happy Days Ahead...

[halfpenny] 27/3/2024 08:07

PFC looking strong as we move to 45-54p Analyst Target. Some say higher above 80p

Future getting brighter every day

[armbar] 27/3/2024 08:07

And another 100,000 ...

[armbar] 27/3/2024 08:04

100,000k in at 28.32

[armbar] 27/3/2024 07:39

And MCD Importantly, the Houston-based company's letter of credit and term loan facilities have been extended for three years, until mid-2027, while this and the other achieved objectives "resets McDermott's capital structure for long-term growth and success", stated the US player.

[ghhghh] 27/3/2024 07:37

I asked yesterday why WG. was down on a positive headline update.

Just seen the Shore Cap Note, Buy with 200p PT. Negative was the $70m restructuring cash costs but will save $60m pa from 2025.

Read across to PFC looks positive assuming PFC can avoid any nasty surprises re exceptional cash costs.

[armbar] 27/3/2024 07:26

Lets see if any news or information is revealed in the next few hours would be my guess PFC have often released mid morning But lets see GL

[wellbutpoor] 27/3/2024 07:18

Interesting that the sharp rise in the stock yesterday (combined with heavy volume) didn't have any effect on the bonds.

For me it's indicative the market believes there will be re-negotiation with Bondholders and no D4E.

There could have been a broker note or two circulated yesterday advising clients to fill their boots with the equity.

Jak and Loglorry have gone extremely quiet and it would be good to know their view.

WBP

[ny boy] 27/3/2024 06:45

General bargain hunting across many small and mid-caps yesterday. Just positioning prior to the start of rate cuts

[investtofly] 26/3/2024 20:59

Maybe some positive news in the morning?

[william h bonney] 26/3/2024 20:47

Looks a bit like a pre-placing ramp.

[halfpenny] 26/3/2024 18:47

Did you miss out then time to get-in before the RNS news flow 7am-18:30pm.

Analysts agree momentum with PFC as news flow..

Some Chart Analysts have 150p target at recent levels.
This time last year a move from 100p to 150p. (50%)

Future Brighter every Day for PFC