Petrofac Share Discussion Threads

[stoxx67] 20/9/2017 16:12

tomorrow xd

[vk74] 20/9/2017 16:06

So I it today or tomorrow the cut off for the divi?

[linton5] 20/9/2017 16:03

Ny boy I'm buying tmmw under 440 patience rewarded soon

[cinquepercento] 20/9/2017 16:01

Bouleverse,

Re:Interest rates:

Yes,you are right.Tu as raison,Du hast recht,Tu hai ragione,Tienes razon!

Yes,they would have to be meaningful interest rates.

I have amended and shortened the post that you refer to as I was overstating my case,repeating what I wrote in my earlier post and boring and depressing myself and others in the process.

[bouleversee] 20/9/2017 15:45

Agreed, but I should think it will take quite a while before interest rates rise to a level that makes any sense for savers. I think the PFC issue will be over long before then.

[cinquepercento] 20/9/2017 15:45

Re:Shorting:

Some of you may find this article on the history of shorting interesting.

[cinquepercento] 20/9/2017 15:39

Matrix25,


Thank you for the very useful websites and for sharing your knowledge on investing and trading in the stockmarket.I will have a look at these.

[matrix25] 20/9/2017 14:56

The Shorters Algos are not allowing this to break the £4.54 resistance until we get some good news in a RNS. Needs more buying pressure on the share price for it to go up.
GLA.

[matrix25] 20/9/2017 14:45

Cinquepercento.
A very honest post by you.I understand clearly what you are saying.
At times there is no gain without pain either.The Stock Market is a device for moving the money from the impatient to the patience. Warren Buffet, I think.
The Stock Market can be very unforgiving at times. You just have to be very careful.
Some big FTSE Co pay a good divi.
The Utility Co's are to a reason safe bets. I am not qualified to give advice.
Just my thoughts.
The safer bets are Co's that are going to join the FTSE 100 from
FTSE 250 or from the AIM to the FTSE 250.
NMC Health is a good example.It has just joined the FTSE 100.PFG was ejected.
Tracker Funds have to buy in and the share price goes up.To a deegre it is a safe share.You just have to do a lot of DYOR etc.
Depends on the Co's Maket Cap.Not many were aware that NMC Health could join the FTSE 100.
Another point that is important on stable stocks is to use a trailing Stop Lose.
PFC is to volatile for a stop lose IMO.
Digtal Look is another very good website to use.They give you the CO's Maket Capitalisation and Broker views.Buy a book by Stan Wheinstine from Amazon.I think it is called Profiting from Bull and Bear Markets. I found it very useful. Only a few Pounds to buy. I hope some of this information helps you.
But then again WTFDIK ! Have a good day.

[redcarpdog] 20/9/2017 14:16

Well said 5% that's exactly how I feel at the moment regarding the market in general just "pinching profits here & there right now,but I do believe PFC will recover eventually so am keeping my small long-term holding and trading the dips short-term. GLA

[cinquepercento] 20/9/2017 13:50

Matrix23,Callmebwana,

Thank you for the Google Finance,Investment.com websites and for the sound advice re:record keeping and trading.
I shall have a good look at these.

New York Boy,
Thank you for your thoughts re: it is better to be invested etc.
My reasons for my different present philosophy are as follows:

In a bull market or a market recovering from a recent correction such as the December 2015 /February 2016 correction,the only way is up.

You can ride the elevator up for a good while but get off a couple floors before the top because then, the only way is down.

At present, the elevator seems to have run out of steam and only the low interest rates are keeping it alive,perhaps.

At the moment,it seems that we have a bear market with many big shares or companies being targeted,devalued or even destroyed by the shorters.

I don't see many of these targeted companies recovering at the moment.
They seem to be down and out for the count.

Surely, the ever increasing number of companies being shorted even by their own directors,must lead to a major loss of confidence in the markets and on to a crash or massive correction.

It does not matter if some of these companies were overvalued or not.
It is the end result that worries me.

People like me have been turning to the markets only because the bank interest rates are so abysmal as to be useless.

I am retired and have only my government pension to live off.

I do have considerable capital however and even a mere 5% interest would give me a comfortable living.

So while awaiting and expecting a major correction,I will attempt to day trade or week trade and get my money out.

What some of us have been doing,holding our Petrofac shares and/or other shares and buying more as and when the price drops is a massive affirmation of our unshakable belief that the price will rise overall in the next year or months.

It can be a very costly experience if or when our belief in the share turns out to be misplaced,something that I have personally experienced.

The psychology is that we buy a share so we need to believe that we have made a good decision.

So we back up our decision and keep holding and adding until one day,it all goes horribly wrong and we have a reality check or a wake up call.

"Hello,Hello,your share price has just collapsed!"
Find a new share to believe in!

I hope that this share will go up overall in the next few months but I am not counting on it so I will not be holding my shares in this company nor in any other ,longer than necessary for the time being.

Alternatively,as has happened before and as is apparently the case in Germany,we need to ban shorting as it gives people an incentive to destroy the shareholder's investments etc.

[ny boy] 20/9/2017 13:36

Investors still in love with mini dip buying

[ny boy] 20/9/2017 12:38

At this juncture it's best imho to be invested and ignore short term movements, unless you are planning to add on any decent opportunity. I only buy hold add what I can afford and be able to pay for the trade on settlement day and I do t need to sell for reasons to do with needing the money for some ther need. Can sleep at night.

Each to his own but not really a short term trading share at present, there was a good opportunity to buy some @ 400p recently, I guess many did.

Climbing a wall of worry, a decreasing worry, if they secure more contract wins this autumn

[matrix25] 20/9/2017 12:38

A bit more information for you Mr.5%.
I know you do Charting, use (Investing.com)for that.It is free and I find it very useful. Go on Stock Charts and just use Bollinger Bands,MACD and RSI.
The site is very good for T/A. I hope this helps.

[cinquepercento] 20/9/2017 11:51

Thank you,Matrix25/Callmebwana and New York Boy for your concerns re:trading versus holding Petrofac.

I lost only about £40 when I sold all my Petrofac recently due to that horrendous miscalculation on my buys and sells etc. but of course I had been expecting a big profit.

I bought back in at 426 and sold again at 442,making a profit of £1,134.70,playing with £30K.

I am trading this share for a while.

I still believe that we are due for a major market downward correction, so for now I will attempt to make and take profits and sleep at night.


Yes,I agree that there will probably be another contract win announcement soon and we must anticipate this.

I have also come to the conclusion that I should trade the same number of shares all the time to make it easier to keep an accurate record of my buys and sells etc.

[ny boy] 20/9/2017 11:42

Patience indeed required, a couple more contract wins, quite likely this quarter, should see us above 500p GLA

[matrix25] 20/9/2017 11:37

Cinquepersento, why have you not shown any patience? I know you made a mess up with your trading in PFC shares.I hope you have not lost much.
Patience is required here IMHO. This can go up very sharpish with another good contract win RNS. Even the Shorters have started to reduce a bit now.AIMHO ofcourse.
Everyone to their own.
GLA.

O/T.
PAYS had a bid at £5.90.(I think it will fail). On 26th of this month we will find out if it going through or not. If the bid fails Mr. Market will drop the price.
It will be time to buy in. As always DYOR. I hold shares in PAYS.
Apologies for the O/T.
ATB

[ny boy] 20/9/2017 10:37

Mini bear traps every day, strong finish Hold & be patient

[cinquepercento] 20/9/2017 09:55

I am out of this till after the record date unless the price drops unusually low in the meantime.

[bouleversee] 20/9/2017 09:43

Many thanks. I expect it will recover before too long.

[ny boy] 20/9/2017 09:38

9p drop this morning lol

[cinquepercento] 20/9/2017 09:36

Yes,Woodhawk, I was in error there on the dividend.

That must have been the US cents price.

Petrofac Ltd. Dividends
› ... › Petrofac Ltd.
The next Petrofac Ltd. dividend will go ex in 3 days for 9.84p and will be paid in 1 month. ... 21 Sep 2017, 20 Oct 2017, Interim, Login Required, GBP, Declared.

[woodhawk] 20/9/2017 09:33

According to the PFC website it is 9.4p

[cinquepercento] 20/9/2017 09:31

Re:dividend value.

Petrofac Ltd. Dividends
› ... › Petrofac Ltd.
The next Petrofac Ltd. dividend will go ex in 3 days for 9.84p and will be paid in 1 month. ... 21 Sep 2017, 20 Oct 2017, Interim, Login Required, GBP, Declared.