Petrofac Share Discussion Threads

[whattheduce] 27/7/2017 14:39

Never ever send a trade through to negotiated order if I can't get a quote. The couple of times I did that, the eventual settled price was appalling. Much better to sit there and click the amend button until a quote pops up. MMs can't see what's happening through my online broker. Tooooooo lazy and travel to much to bother with direct access to crest, don't want to become a slave to the machine unless it has wings and can fly.

[oohrogerpalmer] 27/7/2017 14:30

I have a strict mental stop loss in place on all my shares and always have done.
Like you say difficult to overcome as you always think it will recover.
I don't set a stop loss on the comp because to many crafty MMs about can see it and take it out if they want.
Once i reach the mental stop loss i place i sell it and buy something on the rise.
Miles better too get into a rising share late than get out of a falling share too late.

[whattheduce] 27/7/2017 13:29

PREM was a very good lesson today about smash and grab. If I see a riser higher than 5% I am minded to bail rather than talk myself into believing this is just the start. Prem starts off 20% up, then the wolves move in and work it down, down, down tearing at the flesh of the hapless pi. Assuming you bought in yesterday, then bail out NOW and be happy with the 5%. You don't get that many other places.

[whattheduce] 27/7/2017 13:06

Oohroger, the other emotion to master is to sell at a loss instead of watching it slide away on the hope of a sudden reversal which would recoup the paper loss. This is my biggest problem. I wait too long and end up with a nest of eggs to sit on for weeks sometimes. My effective compound interest on the isa is currently 8.5% which could be a lot higher if I let go sooner. It is a tough psychological nut to crack.

Low volume today but the share price is holding up. I have a gut feeling from the chart that a sharp up swing is on the cards very soon. This is way to low compared to pre SFO to be a log term base, 460ish.

[oohrogerpalmer] 27/7/2017 11:40

Whatheduce,
Absolutely spot on .
I learnt that emotion lesson quite a few years ago.
Bought shares in a co at 80p & was delighted 3 months later when I sold at 120p for a £3k profit.
Spent the next 2 months kicking myself as I watched the price slowly creep up daily to 180p.
Then experienced the sheer joy of relief when i woke one morning to the news that the share price was suspended which led to the ultimate total loss for all involved.
A profit is a profit & if you have made the decision to sell be happy with it & move on.

[trapissed monk] 27/7/2017 09:54

That's ok if it works wtd but when orhers bailed circa 3p (ukog) i went in to clear the sick! Here to make moneybnot invest in a story. Win it,bin it eh.

[ny boy] 27/7/2017 09:51

All good here, supported by £100M contract win, announced during holidays, so a bonus, as I was not expecting any news until sept onwards. Rising oil prices positive, we should have enough fuel to crack mid 470's resistance soon.

[vk74] 27/7/2017 09:08

Lol, I have also been accused..

[whattheduce] 27/7/2017 08:46

I am told on another thread what a 'looser' I am with the spelling, lol.

[whattheduce] 26/7/2017 23:11

If you made 5% on a share by buying at the absolute low and exited at the absolute high, by luck more than judgement, you would think that was fantastic, brilliant, a good day at the office.

If you saw a share going up, bought in after a 5% rise, pullout at 10% having bagged yourself 5%, but then watched it continue to 25% - how would you feel?

And there is the secret to winning when trading. You have to keep perspective. On either bet you made 5%. But far too many traders 'believe they lost out at least 15% on the second scenario. It affects the pleasure principle such that they are depressed about it.

As long as you can grab a positive increase, large or small, you are making progress. Reinvest and generate compound growth. Soon you have 100k to play with and a 0.1% gain on 100k is much bigger than on just 1k. Abandon all get rich quick schemes. They do not exist. As SanSan points out a bubble always bursts, but if you take a bit of the rise, be happy. You will never predict the peak.

Slowly but surly. PFC looked like it was going to give short sharp jumps to take from. A bit here, a bit there and compounded. Doing OK for me.

[ny boy] 26/7/2017 22:25

San San... probably because a load of the UKOG investors switched into PREM after the fab news.

UKOG, also just some profit taking expected from 1p to 11p Miners/energy plays are mostly back in play, so investors sense great opportunities, not surprised by the % size of rises. I prefer to be participating rather than watching the show.

All good for PFC going forward, happy holding, great £100M contract win too.

[mrsansan] 26/7/2017 22:16

Boul...

You want to be careful with UKOG that much I promise you. That share is building into a massive bubble and, sooner or later, there's likely to be a huge fall. The only way that doesn't happen is if a bidder comes in and buys the company. Whether that fall's from 8p to 2p or from 100p to 20p, I don't wan't to hazard a guess, but plenty of people will get badly burnt over there. That much is highly likely.

The thing about shares that rise insanely rapidly on wild expectations is that people get caught up in the hype. It's like a microcosm of all the stock market crashes that have happened. When the sentiment shifts and lots of people start rushing to profit take, the share price can collapse quickly. It sort of happened today where it went from 10.5p at one point to 7.8p close. It's an insanely high risk share.

Good luck.

[lodgeview] 26/7/2017 22:06

Are you folk suggesting there is a possibility that PFC could go bust and you lose the lot?

[bouleversee] 26/7/2017 19:09

Wtd -

I don't trust IFAs or brokers either. Don't worry, I only put £2k in and it wouldn't be the end of the world (or the first time though I have done quite well overall) if I lost it. It's just a calculated flutter so far as I am concerned, to relieve the boredom and experience has shown it's just as easy to lose money with supposedly safe investments. My problem is that I have too much on my plate to keep track of it. Tant pis! (not rude, means too bad).

[whattheduce] 26/7/2017 17:44

boule, when to sell, talk to an independent financial advisor or broker and NEVER EVER TAKE THE ADVICE OF ANYBODY ON HERE!!!!

Most here are high risk drunk fools who have their own agendas. If there is noone around for advice either cut your losses and don't 'gamble' - because that is basically what it is, or go with gut instinct. Remember, if the company goes bust you lose ALL your stake in it, all of it forever.

[ny boy] 26/7/2017 16:40

Silly summer trading, but news flow was excellent, so happy with that, disappointed not to get through 472p, patience again!

[bouleversee] 26/7/2017 16:35

wtd -

I also bought UKOG yesterday and was up nearly 23% when I looked today. Totally out of character for me, an 80 yr old grandma who usually buys for the long term but just woke up to the fact that I don't have one so what the heck? Only trouble is that I won't know when to sell so am relying on you to tell us!

Was pleased to see an uptick in PFC today as, since my late husband's holding was showing a large loss, I bought more when they collapsed in the hope of averaging out at a profit, still a long way off but I live in hope.

[paa65] 26/7/2017 15:41

Was that a bit of classic gap closing?Onward and upward now

[cybernest53] 26/7/2017 14:21

Cinquepercento... No hay problema my friend. Your "humble opinion" did not cause me any stress or unhappiness... on the contrary. It was just a little humour and glad to have the opportunity for a little laugh and chuckle... and a gentle bit of horse whispering during a quiet moment on the board! :)

Great to see a little piece of positive news for PFC and a slight hike in its share price today! (shaking head a little at Gaffer's "all the good updates lately"??? lol)

Onwards and upwards... GLA!!

[whattheduce] 26/7/2017 13:25

I think Candid you overlook the existing order book and income. The Qatar problem is way more serious than servicing the debt. PFC is not on a credit watch list vulnerable to a credit downgrade so there isn't anything to worry about.

Now this was the bit of news to see how the market would react, were pis holding back to see if new (and existing renewals) work would come off or was the share price a reflection of the overall sentiment. It has to be said that the reaction has been a little muted on not the orgasm some expected. Volume is pretty low suggesting there were not tens of thousands of pis with fingers hovering over the buy button. Peaked at 472, I think it is simply within a new trading band between 450 and 480. Of course the more positive news like this, the more heads will be turned but today PFC was up against UKOG which is up 21% to PFCs 1.6% My money was in UKOG.

With continuing good news I see a casual drift up. Now we need to look out for developments with SFO. That, I think, is now the determining factor for big rises. This doesn't look like it is going to step up and be a high profit day trader.

[adejuk] 26/7/2017 13:16

i imagine you have if you're heavy here.
my ave is sub £4 for 25k

[adejuk] 26/7/2017 13:14

candid
read the trading update