Petrofac Share Discussion Threads

[uncle john] 24/2/2017 08:52

Bullish note from the knowledgeable Malcy's Blog (sign up it's free)
Petrofac reported yesterday whilst I was in a rather wet Glasgow but appear to be delivering pretty well under current circumstances. I wrote after my meeting with the new CFO that after all the recent banana skins that things were looking up and I still believe that. They hit pretty much all of my targets and I knew that I was low field on order intake, that was addressed by ‘excellent visibility’ and strong bidding activity which I hope will deliver. Back at below 900p I think that the stock is too cheap and with a 10 P/E I would expect the price to be at least 1,100p.

[laffin] 23/2/2017 14:28

Kemche; Yes I think I'm in need of a pint.

Did mean to type 35p but my zero's got in the way.

[kemche] 23/2/2017 14:01

Laff, get it it together!

£0.35

or 35p in layman's term.

[laffin] 23/2/2017 13:58

Kemche; yep,thanks. brains not in gear today.

[kemche] 23/2/2017 13:56

It would help if you divided it I believe :)

[laffin] 23/2/2017 13:51

Final year dividend of 43.80 cents; that's .4380 /1.25 (approx)= .03504. Not bad.

[bsharman3] 23/2/2017 13:49

that's great - thanks chaps!

[linton5] 23/2/2017 11:55

Type in ex divi dates then click the link ftse,lose,aim.tells you all the upcoming stocks dates

[togglebrush] 23/2/2017 11:46

From my notes:-
Announcement_22/02/2017
XD___________20/04/2017
FY Paid______22/05/2017

[linton5] 23/2/2017 11:42

Divi date 20th April, pay date 19th may approx 35p div

[linton5] 23/2/2017 11:37

I'll find out for yi

[bsharman3] 23/2/2017 11:22

I couldn't see any mention in the results of the x dividend and payment dates. Did I miss this or is it yet to be announced?

[linton5] 23/2/2017 11:02

Keep going down baby I want some cheapos

[cerrito] 22/2/2017 23:40

Just listened to the first hour of the results presentation and to use the words of the ceo I am cautiously optimistic.
The closing price today seems about right to me so am neither buying or selling.

[linton5] 22/2/2017 16:16

We are a year on and the share price is exactly the same as last Feb after results,so I'm in for more on next dip as things are much rosier for pfc than a year ago

[linton5] 22/2/2017 07:57

946 is resistance and 833 is support on weekly chart

[linton5] 22/2/2017 07:52

Yip well happy glad I'm in here will buy more on any dip as I missed yesterday coz of work gggggggrrrrre

[1gw] 22/2/2017 07:23

Reads well. Haven't followed this one too closely recently and don't know what profit or dividend expectations were (despite being invested), but it looks like IES is back on track after the Greater Stella problems - great to see that they've managed to start production on that one.

[togglebrush] 22/2/2017 07:10

FINAL RESULTS FOR THE YEARED 31 DECEMBER 2016
-- Good operational performance across all our businesses
-- Underlying net profit of US$421 million(1)
o Group (excluding IES) net profit US$463 million(1)

o IES net loss of US$42 million
-- Reported net profit includes post-tax impairments and exceptionals of US$319 million
-- New order intake of US$1.9 billion; backlog of US$14.3 billion gives excellent visibility for 2017
-- Exited Ticleni PEC and Berantai RSC, releasing c.US$300 million in proceeds
-- Net debt down 10% to US$617 million, reflecting strong cash generation and capex rephasing

-- Full year dividend maintained at 65.80 cents per share
'
The Board is proposing a final year dividend of 43.80 cents per share for the year ended 31 December 2016 (2015: 43.80 cents). Together with the interim dividend of 22.00 cents per share (2015: 22.0 cents), this gives a total dividend for the year of 65.80 cents per share (2015: 65.80 cents), in line with the prior year. The total dividend for the year is well covered by free cash flow.

[bulltradept] 21/2/2017 08:45

Falls in sympathy of J Wood's results.

[bookbroker] 21/2/2017 08:29

Tryin to see if there was a gap down lower somewhere, no evidence, maybe just a shakeout, but I just cannot where oil price will go from here, most likely down, but this is an irrelevance to PFC, we'll see at results, but likely fall in future workload, a few new contracts signed , but not sufficient to maintain order book!

[aishah] 21/2/2017 08:26

I've added on this drop today. Maiden purchase

[bookbroker] 21/2/2017 08:18

What's brewin here, tanked!

[linton5] 09/2/2017 11:33

Yo yo yo go go go pfc pfc pfc

[jumbo66] 09/2/2017 10:56

lols [book] hd = [happy days] re j :-))