Petrofac Share Discussion Threads

[1gw] 23/3/2015 12:13

Well I can split the difference at something under £13 average, even after the sub-£9 top-up. But the low oil price is helping most of the rest of the portfolio so I don't think I can really complain.

[dr_smith] 23/3/2015 11:47

Wad - I'm sadder, average buy £16.
I'm resigned to waiting for longer term recovery.

[wad collector] 23/3/2015 11:26

That is a remarkable share price recovery - up 60% on its low in January. Not often you can get that sort of return from a comapny with a £3 Billion capitalisation! Sadly I bought at £10.

[edjge2] 20/3/2015 21:25

Probably some pain before oil bottoms but long term looks good to me. Nice yield AT 600 or so too.

[1gw] 27/2/2015 12:50

I've topped up based on those insider buys. CFO and head of ECOM both buying decent stakes even after the recent share price bounce strikes me as very positive.

[yogaboy] 27/2/2015 10:30

Always reassuring to see the Board buying shares in significant sums.

[robrah] 27/2/2015 09:34

27 February 2015 Petrofac Limited (the "Company") Notification of Transaction byPersons Discharging Managerial Responsibilities (PDMRs) Pursuant to Disclosure and Transparency Rule 3.1.4, the Company hereby notifies that Tim Weller, Chief Financial Officer, yesterday bought 20,000 ordinary shares ("Shares") of US$0.02 each in the Company at 874 pence per Share.Following this transaction, Mr Weller has a discloseable interest in 97,146 Shares, representing 0.03 per cent of the total voting rights of the Company. The Company's issued share capital consists of 345,912,747 Shares with voting rights. Each Share carries the right to one vote. The Company does not hold any shares in Treasury

[mirshahik] 26/2/2015 16:32

Thanks for posting. Very positive.

[robrah] 26/2/2015 16:12

Persons Discharging Managerial Responsibilities (PDMRs) Pursuant to Disclosure and Transparency Rule 3.1.4, the Company herebynotifies that Marwan Chedid, Chief Executive of ECOM, has today bought 147,000ordinary shares ("Shares") of US$0.02 each in the Company at 913 pence perShare. Following this transaction, Mr Chedid has a discloseable interest in 1,540,092Shares, representing 0.45 per cent of the total voting rights of the Company. The Company's issued share capital consists of 345,912,747 Shares with votingrights. Each Share carries the right to one vote. The Company does not holdany shares in Treasury.

[mirshahik] 26/2/2015 15:21

June contract

[robrah] 26/2/2015 14:49

Hmm so u r long via spreads and u r even paying interest to hold this percived dog . Hmmm.... U know pfc also requires large margin %But I guess u hold longer terms on spreads regardless I am still of the view we will see a spike through 1000 very soon

[mirshahik] 26/2/2015 14:33

I cleared long ago. I am long via spreads at present. I am not pessimistic at all just raising potential risks.

PFC is also a good takeover target.

[robrah] 26/2/2015 14:02

Mirshahik. Someone as wise as would have cleared any dogs in the portfolio by now surely . wonder you still hold despite such a pessimistic views on the stock and the great execution risk you percive.

[mirshahik] 26/2/2015 13:17

PFC is very small part of my portfolio as it has been a dog for a few years now. One risk still remains and that is project execution. Batman Litiwin went to almost 0 and was delisted. Not saying that would happen to PFC but the risk is there as we saw with 2 projects recently.

[mirshahik] 26/2/2015 13:12

Actually long PFC with my pants up and a more realistic view of the markets in general, and better manners.

[robrah] 26/2/2015 12:31

Mirshahik, are a shorter that got could with u r pants down in this rally ?Throw in the towel save u r self some money . This is 1000 probably by next week .and further more soon

[mirshahik] 26/2/2015 11:59

Robrah, are you generally an optimist?

[robrah] 26/2/2015 10:44

Quick spike to 1000. The rest a bit then 1200 then 1500

[supermarky] 25/2/2015 20:21

Sold 894. Expecting profit taking after such a pop. Still looking good though. Ready to join the party again

[piedro] 25/2/2015 14:51

robo175 25 Feb'15 - 11:34 - 4189 of 4191
"Obviously they were impressed with the webcast presentation."

- were you not?

[its the oxman] 25/2/2015 14:47

Sold 905p. May regret this but out with a decent little profit v a whopping loss a few weeks ago.

[spob] 25/2/2015 14:42

finspreads tried to force me out of this by increasing the margin requirement at 6 quid

I didn't hesitate to fund the account

Up yours finspreads

[robo175] 25/2/2015 14:37

Gap fill at £10

[robrah] 25/2/2015 11:37

1000 today ?

[robo175] 25/2/2015 11:34

Obviously they were impressed with the webcast presentation.