Petrofac Share Discussion Threads

[armbar] 01/7/2024 06:31

Something clearly being worked on which has their acceptanceQuestion is , that extra 6% are now also duty bound but will the 'plan' start to come apparent to the market Watch the price action as always, that 500k buyer .... :)Andoc , Apollo, Halliburton , Schlumberger , imo PFC end up in ME hands, In country value , Uae, strategy on wind , hydrogen and carbon capture in global demand

[molatovkid] 01/7/2024 06:16

Sounds positive to me ! Positive financing on the way !!!

[mr number9] 29/6/2024 17:48

Move down the bus. Nothing to see here,
It's over for FRES.

[ny boy] 29/6/2024 00:41

The stupidity continues 🤦🏻‍♀️💩🤡



halfpenny5 Jun '24 - 09:56 - 40503 of 40833
0 1 0
Back in earlier as bargain levels.

Analysts target 30p and higher as Deal is agreed.

Future just got brighter. 20p this week target🤣313;🤣

[blackhorse23] 28/6/2024 10:57

Switched to RNK [better change to capital gains] 4 brokers issued strong BUY

[armbar] 28/6/2024 09:54

150k100K100K100K.......GL

[armbar] 28/6/2024 07:14

Interesting the 59% are not wall crossed ie not provided the inside information So the 41% , the selected , know , but are obviously bound Asfari and Co yet to sell their 30% plus , makes you wonder , and the short position declared 9.9% but with undeclared more likely 80M+Who has these is another question? GL

[mirabeau] 28/6/2024 03:45

That should read 'leaves incumbent shareholders'.

Buying PFC AFTER the restructuring could prove highly profitable. Remember if there's a D4E then the creditors before the D4E will become company shareholders after the D4E and they'll want the company to succeed to recompense them for loss of debt capital

[jaknife] 28/6/2024 00:46

If you have an IC logon then you can read the article here:

Is Petrofac a bargain or a value trap?


The concluding paragraph is:

"But what about getting back in? A large restructuring usually leaves shareholders at the mercy of those that held the debt. We’d suggest looking to an unencumbered rival instead."

JakNife

[mirabeau] 27/6/2024 21:34

Apparently from today's Investor Chronicle according to LSE:

"A spokesperson for the company declined to say whether Petrofac had missed a 16 June deadline for posting a performance guarantee that would secure a major contract. “Failure to do so… would have a detrimental impact on the liquidity of the group and the group’s ability to proceed with the financial restructure,” the company said on 31 May"

[dipa11] 27/6/2024 21:22

hTtps://shorttracker.co.uk/company/GB00B0H2K534/

[wellbutpoor] 27/6/2024 12:17

There won't be many retail punters holding shorts with the massive borrow costs. The only remaining shorters might be some high rolling (ISLA registered) borrowers.

The short money has already been made here.

[socionomics] 27/6/2024 09:08

There she goes!

[socionomics] 27/6/2024 08:16

Expecting an update of some sorts tomorrow AM. Shorts will not take the risk of a positive RNS in my view. Should pop up shortly.

[halfpenny] 27/6/2024 06:35

Ha ha. You Feel Lucky!!

50/50 Up or Down or Sideways.

Heads I Win Tails You Lose....ha ha!

[socionomics] 27/6/2024 06:34

Luck is not required if you know how markets move.

[halfpenny] 27/6/2024 06:31

Just watch the Shorters move in and make a fortune as fools lose big time!!

No RNS so wait don't be fooled by Shorters and Fake news flow..... Too Risky until truth is known its a Big gamble!!

Do You Feel Lucky!! 50/50 Chance!!

[socionomics] 27/6/2024 06:28

No news is good news!

[halfpenny] 27/6/2024 06:26

Nothing in the Millions only testers who then Short. Be Aware you can lose the shirt on your back!!

No RNS so very very Risky...

[socionomics] 27/6/2024 06:24

'False moves' backed by institutional-sized trades?

[halfpenny] 27/6/2024 06:18

Too Risky with False moves as NO RNS provided.

Don't get Fooled into the Most Shorted FTSE Stock

Ghost move now the falls begin and can be Rapid

How Low How Soon very Risky...
Never catch a Falling Knife

You can lose hard earned cash!!! Wait for RNS

[socionomics] 27/6/2024 05:53

You are clearly new to this game halfpenny. It takes time and effort, but eventually you'll understand how the markets work.Stick with it!