Petrofac Share Discussion Threads

[gemlotte55] 16/8/2017 14:49

well i can't see them paying, not while this potential fines hanging over them, hope I'm proved wrong because if they do declare a divi these soon will rerate quite considerably from this price

[ny boy] 16/8/2017 14:47

Petrofac will announce its interim results for the period ended 30 June 2017 on Wednesday 30 August 2017. 05 - 08 September 2017

I tried to get onto PFC's web site to confirm this,so not sure if it's 100% correct, another market info site has interims set for 30 August, so no idea what 05-08 September is?

[rhatton] 16/8/2017 14:44

I can't fathom why they wouldn't pay to be honest. Have paid for the last 12 years if I'm not mistaken?

Only reason I can see would be deteriorating trading conditions

[ny boy] 16/8/2017 14:37

Yes buy before 21 Sep or you won't get the divi but we are awaiting confirmation from PFC that they are going to pay it, even half is ok for me, more interested in capital share price growth, still holding a core from 352p but added a few times since the pull back from around 488p area

[torres10] 16/8/2017 14:30

Ny boyIf i brought some before 21st September will i qualify for the dividend. How long do i need to hold for? I have 5000 shares currently.

[ny boy] 16/8/2017 13:19

The next Petrofac Ltd. dividend
Status:
Forecast
Frequency:
Semiannually
Type:
Interim
Ex-Div Date:
21 September 2017
Pay Date:
19 October 2017

[rhatton] 16/8/2017 13:15

I actually think as I posted yesterday that some of the shorting as well as being in relation to any supposed fine could be in relation to the falling order book. Going forward we need more in the coming year like the $1billion Oman one. divi is also key in two weeks.

[ny boy] 16/8/2017 13:06

Watching for a drop in US inventories thus afternoon, that should give oil prices & the sector a boost, hurricane season starting to build, only need one direct hit into the Gulf to send oil prices spiraling towards $60 bl.

[callmebwana] 16/8/2017 12:14

You can never tell with this share Cinquepercento.
It goes up in the morning and goes down in the afternoon.Other times it droppes in the afternoon and is up in the morning.
So all is a gambel.I bought in yesterday. I am a bit in profit with that trade.
I am going out now and will look in at 4PM. I hope you do well, but please show a bit of patience. Rome was not built in a day. You should know that.ATB.

[ny boy] 16/8/2017 12:08

Nothing really to add here, gave used the pull back to add more, happy to hold, if they maintain the divi, even better. Recent large contract wins are very supportive, summer trading vols, giving the bears a nibble, along with the drop in oil prices but I see that as a temporary drop.

[cinquepercento] 16/8/2017 12:00

Callmebwana,

Thank you for your good wishes,CallmeBwana,

I have been hoping that this share will drop to 400 or so but I do not want to miss out entirely if or when it shoots up again so I bought £3k at around 426.

I want to have my cake and eat it too. A combination of greed and caution. -:)

If 350 is the bottom, then there is not much to worry about and a nice potential dividend is a distinct possibility.

We need this to get below 24.50 again and that should get things moving-:)

[callmebwana] 16/8/2017 11:44

Thank you guys for all good informative posts. I hope we all make money out of this share.
Have a good day all.

Mr.5% you can't resist a trade can you?? :o)
I hope you make loads of dosh.ATB.

[cinquepercento] 16/8/2017 11:43

Some very good information posted here this morning by various posters.

I have been worrying like a dog in a kebab shop here this morning.

I have been hoping for a lunchtime drop.

I ended up buying a few at 426 to act as my new benchmark.

It looks like we are going down finally,next stop the ground floor. -:)

[nicebut] 16/8/2017 11:24

adejuk,

They increased last week and reduced today- They've been trading like us lot- only with larger amounts!

[1gw] 16/8/2017 11:06

The latest reduction was only disclosed this morning wasn't it?

You can see the holdings notices in the "News" box above - between the top 2 charts and the "Fundamental Data" box.

Alternatively, Investegate is a good site, or else the LSE's own site:




Both these sites allow you to search by company.

[redcarpdog] 16/8/2017 10:45

1gw..thanks for the info. which site do you get this info from please ( I am not new to investing but new to doing in-depth research on a stock) thanks. red.

[adejuk] 16/8/2017 10:42

i posted the reduction last week

[1gw] 16/8/2017 10:26

redcarpdog - if you look at the actual holdings notices you would be more up to date.

Today's holdings notice shows DB position as of 11th August:
8.96% / 31.0m voting rights (15.5m shares + 15.5m financial instruments)

The holdings notice on 11th Aug showed DB position as of 9th August:
9.37% / 32.4m voting rights (17.0m shares + 15.4m financial instruments)

The holdings notice on 3rd July showed DB position as of 28th June:
8.13% / 28.1m voting rights (14.0m shares + 14.1m financial instruments)

So between 9th August and 11th August, DB appears to have sold 1.5m shares and increased slightly its cash-settled equity swap (the main financial instruments position).

[w1ndjammer] 16/8/2017 09:46

10 August 2017
Rabab Harweel: an EPCm project in progress

It can be difficult to appreciate the sheer scale of the Rabab Harweel Integrated Project (RHIP) in Oman. Located in the Harweel cluster of fields, deep in the Omani desert, the huge new development will encompass gathering systems, sour gas processing facilities, injection systems, and all of the associated flowlines and pipelines.

Petrofac is providing engineering, procurement, construction management and commissioning support services for RHIP worth US$1.25 billion. Unlike most other projects in the Middle East, RHIP is being delivered on a reimbursable basis which means Petrofac’s profit is linked to the achievement of specific milestones and a potential gain share on procurement.

Erik Roeterdink, Vice President of Operations and Project Director on the Rabab Harweel Integrated Project, provides an update…
We have hit our targets across all aspects of the project. The engineering work was substantially completed by September 2016, and we are on track to get the procurement substantially completed by mid-2017.

Where to from here? What are the upcoming priorities and challenges?

With the closing out of the engineering and procurement, the accent of the project is changing from the home-office to the site.

From here on, we will support the client in managing the next phases of construction, and begin to work towards the commissioning.

We have had a lot to take pride in, and want to be sure that we continue to support the client through to the close of the project.

RHIP is just one aspect of a deeper relationship with PDO. Petrofac is also providing EPCm services with a value of around US$900 million to the Yibal Khuff field development project, located 350 kilometres southwest of Muscat, which will add to PDO’s future production.

In the past, Petrofac has worked with PDO on major projects such as the Kauther gas field depletion compression contract and the Harweel cluster development.

To build on this partnership, Petrofac recently secured a long-term Framework Agreement with PDO for the provision of Engineering, Procurement and Construction Management (EP+Cm) Support Services for major oil and gas projects. The initial agreement is for ten years with an additional five-year option. As a result, Petrofac will further strengthen its Muscat office to support technical delivery and to ensure further In-Country Value is generated.

[redcarpdog] 16/8/2017 09:36

I thought DB had increased their holding?? It was 14,092,628 (4.07%) on the 11th and is currently 17,087,576 (4.94%) now according to info. on 4-traders.com??

[cinquepercento] 16/8/2017 09:33

Good Morning,Callmebwana and others. -:)

I almost bought more Petrofac first thing when it went back up a bit but I have held off for now in the hope of a lower price. -:)

Of course it could shoot back up at any time but that is the chance I am taking.

[callmebwana] 16/8/2017 09:15

1GW.
Thank you. You are an informative poster. Have a good day.

[1gw] 16/8/2017 09:12

In the absence of any recent changes to the disclosed short positions, looks like it was Deutsche Bank trading activity that helped take it down on Friday. Selling down below 9% on Friday, having gone above 9% as recently as last Wednesday - at least as I read the holdings notices.

[callmebwana] 16/8/2017 09:02

Cinquepercento, good morning.
Be patient,the MM's gapped this up a bit this morning. Let us see how this behaves today.
Good to see some people from PAYS BB here as well.Longwell, welcome aboard.
I have done the same as you.

[cinquepercento] 16/8/2017 08:02

Let the game commence!
Gentlemen place your bets,
Le jeu est fait!
Rien va plus!
-:)