Petrofac Share Discussion Threads

[tsmith2] 31/8/2017 08:29

I'd like to see a quick clear out down to 360-370p, shot of stale bulls

[basem1] 31/8/2017 08:27

Cerrito hit the nail on the head if anyone has read the naked traders book and read the traffic light system. Words like challenging are an immediate red light.

[callmebwana] 31/8/2017 08:26

Lodge, the Shorters are trying to do your head in !! You seem to be falling hook iine and sinker for it !! No good for your health mate. :o/
Should you be playing the Stock Market ?? I bet most of us are under water now.
Try and have a good day. Switch PC off, do other things etc.
ATB.

[basem1] 31/8/2017 08:25

Too many negatives in yesterday's statement, glad I sold in the 430's.

[lodgeview] 31/8/2017 08:06

Guys wtf is going on?

[stoxx67] 31/8/2017 08:04

imagine selling ahead of index exit and PFC had a profit warning or SFO investigation - how would that make you look ?

in all honesty it has to be planned as the volumes involved do not facilitate orderly exit on the day of exit from the index.

[typo56] 31/8/2017 07:59

MidasX, if you're managing an index fund, surely the saftest approach is the adjust holdings at the times the changes take place? Otherwise you run the risk of mistracking. e.g imagine selling ahead of the index exit and PFC had a bid approach - that might make you look pretty stupid!

[d1nga] 31/8/2017 07:56

msci are moving it from their main list to their small cap list

the q remains will the weighting be the same ie will they sell down from the main list and take a smaller holding in the small cap list or will they take a larger holding in the small cap list

who knows , because I don't ;-)

[foot in mouth] 31/8/2017 07:54

Jefferies International 31/08
Reiterates
Buy
Buy
500.00p

[callmebwana] 31/8/2017 07:46

Typo56. Can you explain please, What is the MSCI Market Index ???
I know PFC is a FTSE 250 Co and it is going to stay in the FTSE 250.

[midasx] 31/8/2017 07:40

I would not think a fund manager would leave a disposal of a relegated stock until the last day before any potential removal from an index!
They plan and sell in advance of such occurrences, or they are pretty stupid!

[typo56] 30/8/2017 22:09

Remember, PFC is demoted in the MSCI index from close tomorrow. Look out for quite a large volume tomorrow, especially in the closing auction.

[1gw] 30/8/2017 17:29

Disappointing finish to the day shareprice-wise. Have to hope for some positive brokers ratings tomorrow.

The FCA have updated their spreadsheet and it shows no changes to the PFC short positions since 18th August. There may still be some changes made yesterday which haven't made it to the spreadsheet but it ought to have everything up to the end of last week.

[cerrito] 30/8/2017 17:08

I bought shares early this morning but in hindsight should have waited till I heard the webcast; lost count the number of times the words competitive and challenging were used. I thought AA nervous when making his statement but was relaxed during the Q&A and did not look too tired; he must be very busy what with the Italian situation and as he said he has been very active in visiting many PFC sites. He went through his five operational direct reports and assured us that they all had long experience.
He mentioned the pressure on margins coming from new entrants into the market from India and China and then said that they were looking to reenter India where they have done no work for 15 years.
I am comfortable with what I have and see this meandering in the 400/460 range for the coming months.

[callmebwana] 30/8/2017 16:43

Well I could not help myself. Bought another 1417 Shares at £4.1127. I am well over weight in PFC now !
I have some more ammo left. Will wait and see what happens next !!
Where was DB today??

[ddubzy] 30/8/2017 16:26

60p swing, wow....Shorters wet dream this one...Hopefully 400p holds!

[citytrader66] 30/8/2017 16:07

i'm in

16:03:58 414.0328 4,000 NT 413.7000 414.1000 Buy

bang on 414p

[callmebwana] 30/8/2017 15:38

Yes Adejuk. This has been de-risked.
The Shorters are not going any place yet!!
They will, when PFC wins more contracts. I don't have a stop loss on this share.
No point in getting caught out by the Shortes.No worries here for me. ATB.

[adejuk] 30/8/2017 15:32

they must do that to trigger stops - sets or no sets

[adejuk] 30/8/2017 15:16

in my humble, this is now de-risked.
all the bad news in the share price and the near certainty of big contract wins in the near future

[callmebwana] 30/8/2017 15:14

O/T.
Went long a while back in KAZ. Another one for Copper is CAML. No debit there 32 Mil. in the Bank. DYOR .
Apologies for O/T.

[w1ndjammer] 30/8/2017 14:42

gone long WTI

WJ.