Petrofac Share Discussion Threads

[cinquepercento] 28/7/2017 13:23

Whattheduce!!!!!!!!!

Es la verdad? Is is true that you are flush with millions?

About a hand out for those less fortunate than yourself.

I will give you my account number. If you could just pop half a million or so over.

Muchas gracias amigo.Eres muy amable.

[chelsea81] 28/7/2017 11:27

The problem with going long on this is that there would be no major movement in this share price until the SFO investigation is complete. This share price lost 50% of its value purely because of the SFO investigation and its expected outcome. A declaration of dividend next month will help to instill confidence in investors that this company is still on a solid footing. On the other hand, if a dividend isn't declared next month or if it's slashed as expected, the share price will rise 5%-10% but it will fall back a couple of days afterwards. In my opinion, the only people going long on this now are those who bought these at circa 700p and above. Too much uncertainty in this share price at the moment which shows in the daily and weekly fluctuation in the price.

It is a boom for traders though. A large buyer with £100,000 to play with can buy these at lows and reasonably expect a decent 2% profit within a week. £2000 per week income is a pretty decent money to live on. Unfortunately, there are not many of us who have access to large personal funds, so we trade with only the little we can afford to lose.

[whattheduce] 28/7/2017 11:09

I took a small 1% from UKOG earlier in the week - late in, could have stayed and got much more but that curve was such that the inflection would have been quick and sharp. It might be worth just sitting 5k in this through Autumn waiting for planning decisions to come through, could easily double your money for a mid term holding to fund Christmas me thinks!

[trapissed monk] 28/7/2017 11:01

Did say "wait for friday's fun" on ukog wtd.was 5p the floor though??
Widows&orfuns eh?

[whattheduce] 28/7/2017 10:57

Wow, every single item in my watch list is red. UKOG maybe ready for a smash and grab next week if it touches 4p

[whattheduce] 28/7/2017 10:48

You'll hit 460 a bit quicker than that. It will be hiked back up pretty sharpish, too slow and too many people buy in who can then sell for a small gain. That is not the game plan of the wolves! Seems to have bottomed out now. If I have now started to read this then look out for a couple of sharp jumps by a penny or two here and there a long with usual trading.

[cinquepercento] 28/7/2017 10:43

That sounds good,Chelsea but this share has had two goes at breaking through the resistance of 473.

One theory is that a share gets only three goes at this then it heads down.

So this would be it's last chance to break through the resistance at the moment.

It is tempting to jump in and buy more but I am sitting on the fence at the moment.

Hmm let me think.

[chelsea81] 28/7/2017 10:25

Anyone who wants to trade this for a 'quick' 1-2% should buy in now and set a sell order at 460p. This will be back to 460p by end of next week latest. Plus, the interims are due by August, so we should see quite a few buys from dividend seekers starting from next week. A good dividend should see this hitting 500p by end of August before going down to 450p again. IMO

[lodgeview] 28/7/2017 10:13

Switch off and come back in a month.

[whattheduce] 28/7/2017 09:53

Case in point, today. You may have been panicked in to selling off due the sudden rate of drop. Those wolves will now be starting to turn the drop and engineer a tempting increase. New money will come in and the wolves will keep teasing the rise until, slam, they push it back down again knowing people will continue to buy then sell to cut losses again.

[whattheduce] 28/7/2017 09:32

boulev, it is a little like gambling except you have a good chance to keep getting your stake back. You can lose everything, make fortunes or, more routinely, expend a lot of effort for a very modest gain. There are packs of wolves in the trading rooms and beyond that skillfully prey on the inexperienced. I've talked to them, there advice was always take a little and forget about trying to max the return. They know how you think. They have little formulas that will predict when a pis patience will give out and cut there losses. They have very large funds to draw on. With a minor tweak of the coefficients, they can work the price up or down as they please through AT which factor in mm behavior. And a little like the emissions software that could recognize when a car was being tested, they have software reading the ATs to determine what the 'sentiment' is. No more email chains to reveal organized trade scams. 4 sells of 4, 5, 6, and then 7 shares is a code to instruct the other AT algorithms on how to play it. Almost impossible to reveal as deliberate noise is added to the ATs. It is why I suspect last week that the there were signs this was tending towards a limit. They can't control everything so a bit of good or bad news can suddenly move things before they pack together and begin the feeding frenzy on any new money. It is a cat and mouse game, take the small profits and be happy. It it looks big, it will be reversed as certain as night follows day.

[bouleversee] 28/7/2017 09:16

wtd -

I see what you mean (UKOG). Wrong game for me.

[nicebut] 28/7/2017 08:45

No, not IMO

[scooper72] 28/7/2017 08:33

Any thoughts here about whether this is going to bounce back today towards 460?

[el crow] 27/7/2017 20:37

✴✴ 036;✴

[chelsea81] 27/7/2017 16:58

This is a trading share now until a major news update. I have been trading this for a few weeks, buying at circa 450p and selling at circa 460p. Trading profit is round about 2%, not much but still better than a bank ISA. Just bought some today at close, I have already set a sell order for the lot at 461p. It should sell by next week, if not tomorrow.

[adejuk] 27/7/2017 16:21

a bottle of montrachet, just opened.
f it.
wine oclock

[adejuk] 27/7/2017 16:19

i've had enough of this
every day there is a chance to make an easy £2k
i'm gonna sell the next rise and wait for the fall wtd style

[whattheduce] 27/7/2017 16:00

Concrete boots more like.

The graph is tending to a limit but I have an optimism it'll bounce. Everything worth a watch is down, ASOS, PREM, UKOG and so on. End of month profit taking? Lot of results out today so lot of funds switching around? Prepping for a slew of dividend payments? Call it a holiday where you can stop graph watching, set the alarms and kick back with a decent single malt.

[nicebut] 27/7/2017 15:49

Being shorted...Seems to drop in afternoon, so US hedge fund perhaps?

Citadel have increased on 24/7...total short now 8.09%

[ny boy] 27/7/2017 15:32

NO idea why, just weird summer trading patterns, I'm not a seller anyway, so not really bothered.

[lodgeview] 27/7/2017 15:07

Not nice to see this dropping.