Petrofac Share Discussion Threads

[owan] 23/5/2024 17:57

Only date given was results before 31st may. I have 2 questions
1. Why is pfc adr trading to well with no news from the company??
2. Why did it take a whole month to “audit accounts” perhaps they new they needed time to finalise a take over?

[kibble] 23/5/2024 17:40

When are we expecting the lifting of the suspension?

[action] 23/5/2024 16:30

I recon they knew suspension only in UK from the grapevine. Think they bought a lot at 10p at low b4 suspension and now selling it off 7 to 10 times profit. Only the MUGS like are us stuck with baby to carry forward. Only can happen in UK.

[miena] 23/5/2024 16:21

Shorts will no doubt be panicking as they are about to wake up to a world of pain... Greed got the better of them, they could have got out with healthy gains instead now they are in big trouble!

For those of you that had big enough brass b*lls to remain invested, your golden egg is but a few days away!
Remember when trading resumes there will be a rush for the gates hold onto your shares tightly... don't panic... you sat through the worst of it now hold/add and reap the rewards!

[miena] 23/5/2024 16:11

As per my previous threads Petrofac will have a Saudi owner, mark my words...

I was expecting fair value to be somewhere between 50-70p based on the various valuation models that I worked, looks like it could be closer to a 100p price tag.

Ayman not selling was a dead give away!

[loglorry1] 23/5/2024 10:14

Thanks - did you pay accrued or were they flat?

[farrugia] 23/5/2024 10:09

I just bought them last week. I was a bit late in buying them - a couple of weeks back they reached rock-bottom at some 22c

[dipa11] 23/5/2024 09:33

If rumours was strong then share jump nearly 800% in adr in one day. So something is cooking behind the screen. If this is a story than uk gamestop is Petrofac.Because we know the story of heavily shorted stock gamestock in USA. DYOR Good morning

[loglorry1] 23/5/2024 08:26

When did you pay 27p for the bonds and did you pay accrued if you don't mind me asking?

[farrugia] 23/5/2024 08:24

John Wood Group PLC seems to be doing okay and attracted bids.

Tecnicas Reunidas SA seems to be doing ok up 16% today

Hunting plc also doing okay.

What makes Petrofac so different to these others?

To clarify I'm not a shareholder but a bondholder having bought the bonds at 27p - still its a lot of exposure for one holding for me.

[owan] 22/5/2024 20:43

Adr trading on a rumour that no one can explain! No rns, if that’s not insider trading I don’t know what is.

[action] 22/5/2024 20:10

All derampers and rampers disappeared. Strange isn't? It is like creating havoc for true shareholders here apart from vierd suspension allowed by regulator here in UK as asked by co. But no difference in trading in other exchanges. Never thought this can happen in UK.

[kirk 6] 22/5/2024 19:05

Is it a reverse split load of US companies go through that

[action] 22/5/2024 16:30

That is whole game.

[owan] 22/5/2024 15:56

Bt the time uk opens it’ll be 10.5p again!

[action] 22/5/2024 15:40

34p uk based price . Down from 60p

[action] 22/5/2024 15:38

Now down in USA 30%

[action] 22/5/2024 15:38

May be best thing approach the customer relations at PFC .

[bouleversee] 22/5/2024 15:36

Shortly after the suspension, i noticed thst it appeared to be still listed on several other exchanges and raised a query on thus here but nobody responded. I, too, wonder how it can be allowed I think we deserve an explanation. Who can we raise it with?

Am rather glad I've hung on to my long-term holding which was worth almost nothing at suspension.

[bouleversee] 22/5/2024 15:33

Shortly after the suspension, i noticed thst it appeared to be still listed on several other exchanges and raised a query on thus here but nobody responded. I, too, wonder how it can be allowed I think we deserve an explanation.

[action] 22/5/2024 14:58

Never trust uk regulation. How this is allowed to happen.