Petrofac Share Discussion Threads

[holts] 05/4/2024 09:11

If you wanted to buy in , would not a purchase of the bonds make more sense ? I assume they are still being paid , the yield at 50 odd per cent .

[armbar] 05/4/2024 09:01

RNS 5.4.24 Asfari now at 85million sharesThese purchases are in line with the Company's remuneration arrangements, as published in the 2022 Annual Report and Accounts:

[secretsqu] 05/4/2024 08:05

I did it off my phone. Doesn't give me the option in the LSE app.

[armbar] 05/4/2024 07:53

Two contracts recent daysBahrain today Awali project 5.4.24Algeria weds PFC selected est $1bn2.4.24 MEED Petrofac will need to update the market shortly

[halfpenny] 05/4/2024 07:28

Get ready RNS soon with great news on Asset Sales and Mega Deals..

Target 45-54p plus more when Suitors Move in. 150p plus...

[armbar] 05/4/2024 07:27

Petrofac awarded gas contract in BahrainThe UK-based company will upgrade facilities at the Awali FieldMEED 5.4.24 Wil Crisp

[ny boy] 05/4/2024 07:07

Red tick, as you were too lazy to edit your post!

[secretsqu] 05/4/2024 06:46

Send = seen.

[secretsqu] 05/4/2024 06:45

Post # 39332Armbar, your wasting your time. You should know by now what topaz frenzy's MO is.I'll hazard he's in trash the company mode. This is until he sees his buy in price, then rinse/repeat.Send it dozens of times from him.Best to put him on ignore and cut off his oxygen.

[ny boy] 05/4/2024 01:40

NY Boy3 Apr '24 - 12:55 - 39312 of 39331 Edit
0 1 1
No compelling reason to buy any equities, markets are well overbought, large correction underway, topping out process is nearly complete.


Correction underway US markers are ridiculously over valued, market collapse highly likely💣n15;️⬇️💣

[topazfrenzy] 04/4/2024 16:52

When this goes to zero then you'll finally realise how they have been lying to you for years these charlatans ... there is no way out for this POS

Wake up!

[topazfrenzy] 04/4/2024 16:50

The obvious reason being it is a POS and that is why the directors will not buy anything

[armbar] 04/4/2024 16:26

TLW re purchased bonds at a deep discount with the support of Glencore One way to reduce the debt , others have done the same Interesting

[wellbutpoor] 04/4/2024 16:06

Related news:

Bank of America buy note on TLW out in the last week with a 55p price target.

I've been keeping a watching brief on Tullow and took a block earlier.

Tullow has required some restructuring recently and looks much healthier for it.

I am hopeful that an equally positive outcome can be achieved with PFC, without any D4E dilution.

[armbar] 04/4/2024 15:35

The directors cannot buy in for obvious reasons

[dipa11] 04/4/2024 13:24

Just have a quick look at GDR Genedrive once got RNS jump 125% within 2 days from lowest 2.75 to current rate 8.25 and will touch 2 digit today or tomorrow. So it can be happen in Petrofac also one good RNS. Good luck

[topazfrenzy] 04/4/2024 12:47

Directors not buying in at these levels = Dilution at 10p on the way

[armbar] 04/4/2024 11:57

Why would they have to raise 1bn this year out of curiosity , short term cash requirement partial RCF due in April Closing legacy contracts 8 in total Thai oil is on ready for start up stage equal a % stage payment 1.4Bn contract Exploring asset sale PM304 value circa 85M + potential Vessel sale , and North Sea is not out of the question although deemed core Extend finances for working capital and bonds not due till Nov 26 Active discussions on non controlling stake maybe JV or private equity cash injection Unlocks the guarantees, working capital on the transformational year , and looks like PFC have been selected for the Algeria upstream project 1bn estimated MEEDThen at these levels takeover , mbo and joint ventures maybe in play BOD, founder, et al incl AzValor hold over 30% so their interest is ? Not a huge dilution , or a D4E imoFinally where have all those schroders shares gone 30M+ and the 60M+ declared shares gone to ? Not retail imo We await an update but someone will be interested in the 8bn discounted cash flow , 60bn pipleine , wind , hydrogen and CCUS scalable solutions in demand globally My opinion Adnoc favourite Uae in country value

[halfpenny] 04/4/2024 11:16

RNS soon get ready 45-54p target..

Higher with Takeover more likely

Suitors are Circulating at these levels.

[topazfrenzy] 04/4/2024 09:09

A company on the verge of bankruptcy if they do not raise 1bn this year and you still think this is worth putting good money into?

Delusional!

It's going to 10p if you're lucky and then to 0 as they keep on losing money on most contracts

[geckotheglorious] 04/4/2024 08:36

NPK2

Indeed. For a non national that post (39316) is pretty good.

Perhaps Wooster4 can type similar in Dipa's native tongue!

[armbar] 04/4/2024 07:25

MEED are rarely incorrect Petrofac selected for Algeria upstream project contract estimated to be worth $1Bn Selected versus Signed Cross the T dot the IDont select without due diligence GL

[halfpenny] 04/4/2024 06:55

Many Suitors have been Circulating so when will they make a move??

There is still a Target 45-54p...expect RNS soon

Asset Sales and Mega Deals news expected.

[npk2] 03/4/2024 20:28

Actually, it's rather good considering English isn't dipa's 1st language.

[wooster4] 03/4/2024 20:03

Does that last post read as if a six year old wrote it on purpose?