Petrofac Share Discussion Threads

[ny boy] 28/7/2017 21:06

Oil up again, all bodes well here, buying at 444p support. Not long before a break through mid 470's resistance stay cool, I was impressed with the £100M Iraq contract, all whilst under SFO ffs!!

I'll add more as (NUOG) multi bags soon!

[chelsea81] 28/7/2017 17:52

As you enjoy your pints and pies this weekend, spare a few prayers to those unfortunate rainbow chasers who bought UKOG at 9p+ after believing the ramping brigade. UKOG is clearly a pump and dump share, it shot up to a 200 million MCAP without having produced a drop of oil. I would personally avoid any company David Lenigas has/is involved in, he is well-known for ramping the share price of companies just to sell his warrants.

[nicebut] 28/7/2017 17:47

LOL...So you could`ve have just said- `I think it might go up or it might go down`!, and saved yourself all the other pointless posts.....IE you have no more idea than the rest of us.

[whattheduce] 28/7/2017 17:16

I said first it would come back to 460 much quicker than the end of next week, then at the end when the predictable sharp jumps occurred it could well have been heading to the 460. During Monday. Big question is whether it then does another cycle down to the 440's or this time takes the next step up to my coveted 480? Not sure until I see a few days next week with no RNS days (including for direct competitors competing for the same contracts!!!)

[chelsea81] 28/7/2017 16:57

453p close, not bad for a day of trading. I'm guessing a few PIs sold off this morning when the share price dropped from 451p to 441p. Anyone who bought in at the drop of 441p would be looking at a small cash profit at the closing price of 451p if they sold. Not bad for a day's work of observing trends.

[nicebut] 28/7/2017 16:30

Not 100% sure what you are waffling on about....... but one thing is for sure it is not at 460p, is it?

[lodgeview] 28/7/2017 16:06

Nice to see blue. £60k invested here.

[cinquepercento] 28/7/2017 15:30

Thank you,Whattheduce.

I did not set a limit . I did it live online.

I bought at about 8.30am and watched it until around 11.30am and I was lucky to sell it,again live,online for around 65.9 or so.

I have found with limits,I was often passed over on the sale or purchase so I assume that limit orders go to the back of the queue.

I have also noticed on this share that the trades column shows more that the sells column but the price is stable or dropping,meaning,I suppose that they are holding the price up while the big players large amounts get sold off.

Carillion is now dropping to 57 or so but never mind. I will see what Monday brings.

I don't use stop losses or rising buys etc . I just watch ,wait and act.

[whattheduce] 28/7/2017 14:45

Be wary of spikes, they are often a sign the mm has a large trade to clear and the price is moved not so much according to market demand but to trigger stops and release many small orders. When the small orders finally go through they are negotiated it is often a long way from your intended stop. I never submit negotiated orders. Every 118 added back to the investment pot increases the next gain. Keep it up for five years to have at least 100k to play with before you draw any money.

[cinquepercento] 28/7/2017 14:18

I bought Carillion at 59.6 pence or so and sold it the same morning at 65.9 pence or so.
It was a spike and the broker was blocking me from selling as they were probably selling it off for their mates first.

I was worrying like a dog in a kebab shop until the sale finally went through but it was fun.

I am not one of those poor souls who were holding Carillion when the bottom dropped out.

[whattheduce] 28/7/2017 14:08

118 up 882 down - I do so hope you don't run an investment group. 1/2 mill in your bank account for you to play with. A man will be round on Monday for your first installment.

[notimpressed] 28/7/2017 14:07

sell in may go away. always remember buy in september

[cinquepercento] 28/7/2017 14:06

Yes,I know,Whattheduce but I did this a few days ago and sold at 65.9 pence for a profit of £118.64 aprox,the same morning at around 11.15am.

[whattheduce] 28/7/2017 14:02

goodbye one k. If that is fun then you must have a lot of whip marks on your back and bum.

Carilliion is on the verge of going bust due to cash flow - a lot of dosh going out and not a lot coming in. A real NO NO.

[cinquepercento] 28/7/2017 13:53

Oh,I didn't realise that you were a filthy money grabbing capitalist just like me,whattheduce.

That is very disappointing news,sort of destroys my faith in human nature.

We are still hovering around 445.

I have grabbed one k of Carillion at 59 pence just for fun.

[whattheduce] 28/7/2017 13:45

The £22,471 will only cover about 10% of the daily interest rate though. How are you going to keep up the rest of the repayments.

[cinquepercento] 28/7/2017 13:41

What are we expecting for the next resistance try....465 as it has had two goes aready?

If I use the £500,000 that Whatthedeuce is kindly going to deposit in my account to buy at 445 and sell at 465 to be safe,I will have 4.49% profit

This equates to £22,471 and 90 pence profit.

Hell,I might even give Whatthedeuce his £500,000 capital back as a gesture of my gratitude.

What am I waiting for?

[whattheduce] 28/7/2017 13:27

No probs, send over the details, passwords, PIN and so on to ensure I can get full access and I will do the business. As a Nigerian Prince I have so much money I often like to give it away to strangers to give myself a sense of well being.

Thank you my friend.

[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!