Petrofac Share Discussion Threads

[action] 27/7/2024 18:55

22p or 23p was auction orice 6 month back. Nothing change and no big contracts yet

[qantas] 27/7/2024 12:17

Throg = Troglodyte

[kibes] 27/7/2024 10:43

I'm watching for an opportunity to buy this. But at 1p after the restructuring not the current 22p. No holding at the moment.

[throgmortonstreet] 27/7/2024 10:27

The point is, all unpaid debts and loans still have to be paid back to avoid PFC defaulting and becoming insolvent.

The rising share price is, quite frankly absurd, given the financial crisis that PFC finds itself in.

PFC shares are only suitable for high risk gamblers, willing to lose all their capital.

A massive debt for equity swap could be needed.

[blackhorse23] 27/7/2024 10:01

One month of extension for debt , meaning nothing to me , group still in red zone

[halfpenny] 27/7/2024 09:25

Interesting as a forbearance agreement will cost More!! Thus More Dilution in Shares.

Too Risky as it's likely to be not a good outcome ahead!!

[qantas] 26/7/2024 20:26

Well done deep fried shorts doomed to failure.

Fun Fact
U.S. Charges GameStop Short-Seller Andrew Left And Citron Capital With Fraud

[ih_759282] 26/7/2024 19:15

Right bondholders could've wiped everyone out,that alternative just isn't in anyone's best interest

[action] 26/7/2024 18:57

I have already prepared myself for D4E.

[action] 26/7/2024 18:57

This one is shorters paradise. Why RNS SO LATE IN A DAY. If they wanted shareholders to benefit why no RNS in the morning around 7am.

[action] 26/7/2024 18:55

What they can achieve in 4 weeks when they could not achieve in at least 6 to 9 months.

[action] 26/7/2024 18:53

They are buying time to offload more shares. Bear Trap.

[scemer] 26/7/2024 18:48

Which ever way you look at it it's not bad news

[wellbutpoor] 26/7/2024 18:35

A very positive development in that performance guarantees are being disregarded.

This indicates that there's little spare capacity in the sector, meaning that customers are willing to make heavy concessions to complete their critical projects.

Further evidence that the 47% Bondholder group know they face a prisoners dilemma and I would suggest that they will agree to play the long game, allowing further value to be created without excessive dilution.

25p on Monday?

[leoneobull] 26/7/2024 17:19

You've been jaknifed

[ih_759282] 26/7/2024 16:18

Short a company a billionaire top shareholder raised as his child,smart move

[sos100] 26/7/2024 16:17

yeh...could be nasty on Monday

[mirabeau] 26/7/2024 16:02

SOS100

Absolutely, you could almost 'see' them trying to cover

[sos100] 26/7/2024 16:01

looks like some shorts got caught out?

UT trade at 22p

[mirabeau] 26/7/2024 15:54

'It provides assurance that these noteholders will not take any action in respect of the non-payment of the coupon until at least 23 August 2024, providing additional time for the Group’s financial restructuring to be progressed.'


So PFC have 4 weeks to get their future sorted

[action] 26/7/2024 15:50

It is DEAD CAT BOUNCE. No Future.

[action] 26/7/2024 15:50

Will call it a day on Monday

[bones698] 26/7/2024 15:48

Dead duck this. 1 month extension isn't going to save them. At best a de4 leaving shareholders wiped out. Some idiots ramping on here don't have a clue