Petrofac Share Discussion Threads

[halfpenny] 24/4/2024 10:24

Some say target 14p or even less.

How Low??

[geckotheglorious] 24/4/2024 10:21

Miena

Yeah the numbers dont lie - massive D4E coming because the company hasnt made a profit in years, despite winning all these multi billion pound contracts (wafer thin margins at best)

Never said the shorts werent reducing either fyi.

You're speculating incorrectly as to why...

[miena] 24/4/2024 08:56

Thanks for the lesson in Risk Management'' @Geckotheglorius. The self-appointed trading oracle that knows nothing... clearly your opinion is the only one that matters!

Numbers don't lie... shorts are reducing and the pattern will continue into today and the remainder of the week with the dump arriving Friday and Monday.

[geckotheglorious] 24/4/2024 08:22

Miena,

To put things in perspective shorts are simply taking a decent profit.


If youre short from 120, or 100 why would you not take some profit?

It's called risk management

[hmgouda] 24/4/2024 07:35

Hopefully this is the case, as they might close now and open at a higher price. Let us hope for the best outcome for genuine shareholders.

[miena] 24/4/2024 07:18

To put things into perspective here...If shorts were so confident they wouldn't be closing at all!

[miena] 24/4/2024 07:10

Back to back days of short reductions... I anticipate this will continue into the remainder of the week with a big dump arriving on Friday.

Will be interesting to see where the share price closes EOW - closer to 30p me thinks...

[dudishes] 24/4/2024 00:20

I appreciate that JacNife does the research.

I just sliver the throat.

[dudishes] 24/4/2024 00:17

WD Geck. Up to one.


Short @ 23.7 and 25. Think I'm losing. But for how long?

[geckotheglorious] 23/4/2024 20:38

And some from 120p!!!
Not me, Im not short, nor would I ever short.

So 120 to 15p.
15p to 25p

Yeah miena, theyre wetting their knickers.

Good grief.

[dudishes] 23/4/2024 20:29

You have to take into consideration the shorts that have been in excistance since 100p and 80p.

Announced is around the 10.33%, one would suggest nearly 25%.

Easy numbers.

[geckotheglorious] 23/4/2024 20:22

Miena
Post 39982
Mmmmm.... followed a very similar share price pattern into the close yesterday.
Which short has sh*t the bed???

Up 3% to 25p.....

Get a grip you fanny.

None of them have on such a small move.

[scantrader] 23/4/2024 17:05

Thanks wellbutpoor. Bond price even lower than I'd thought

[miena] 23/4/2024 16:46

Looks like Helikon and Astaris have started closing!

Should be some fun and games........

[miena] 23/4/2024 16:37

Mmmmm.... followed a very similar share price pattern into the close yesterday.

Which short has sh*t the bed???

[scantrader] 23/4/2024 14:22

Will someone kindly post up the latest bond yield please. TIA

[warren bluff it 1] 23/4/2024 10:36

Totally agree, can't see why anyone would knowingly buy before dilution

[miena] 23/4/2024 09:53

Very similar share price pattern to yesterday - Just saying...

Can see this settling 30-32p pre-financials being released.

[kibes] 23/4/2024 09:34

Personally I am out of this at the moment and am waiting for details of the D4E to be announced. When the new shares are issued to bondholders they will want out as soon as possible and will sell for the issue price which will be below the current level in my opinion. It may well be a good buy at that point and I have cash ready.

[miena] 23/4/2024 09:12

It will be interesting to see if today's Share Price action follows a similar pattern to yesterday's trading.

Very little share price movement throughout the day followed by a late surge.
It will also be interesting to find out which short reduced their position yesterday.

If we see additional short reductions and today's share price movement follows a similar pattern to yesterdays trading, we might see the Bulls and day traders arrive & this could create a stampeded for the short exit tunnel.

Very unlikely... but who knows?? The share price seems to have started out exactly as it did yesterday...

[dipa11] 22/4/2024 21:55

hTtps://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=PFC.L

[miena] 22/4/2024 15:35

looks like it could be the next short bottling it before the financials. I wonder who sh*t the bed??

Squeeky bum time me thinks... TICK TOCK!!

[leoneobull] 22/4/2024 15:21

Seems the market hasn't yer been informed about JN 4p theory. Perhaps like the time the share price doubled there will be another left field 1 bn contract and a strategic investor plus asset sales. Or they may be bust. Who knows?

[geckotheglorious] 22/4/2024 13:36

Everyone waiting for results with bated breath.