Petrofac Share Discussion Threads

[1gw] 27/11/2017 17:22

Disclosed short positions - AQR down again on Thursday.

4.48% 2nd November
4.35% 9th November
4.29% 13th November
4.17% 17th November
4.06% 21st November
3.97% 23rd November

[fuji99] 27/11/2017 14:02

A contract is now due since the last one.
Possibly some SFO feedback then the bid.

[cinquepercento] 27/11/2017 13:31

Windjammer:


I agree with you on 395 or so, being the next low as it continues the straight line that you can draw through all the main lowest support levels since the initial drop to 350 or so.

I think that we will see 395 or so in the next week or two if not sooner.

Note how the main support levels of 404,402,396/397 are getting lower each time.

I have set a buy order at 398 to avoid missing out for this one.

However,I am also asking myself what is to stop this share continuing on down below 395 and collapsing.

Hopefully,the shorters and the traders who are making a fortune out of this share's ups and downs, will not want to kill this goose that continually lays golden eggs,and they will want it to bounce back yet again to keep the money rolling in. :-)

[w1ndjammer] 27/11/2017 09:07

lower highs again, buy 395p unless contract announcement then no chance.

WJ.

[w1ndjammer] 27/11/2017 09:07

OOOOoooops double post

WJ.

[paa65] 27/11/2017 08:13

I think Cerrito was saying PFC is AQR's biggest short position - not that PFC is the UK's most shorted stock.Short tracker lets you enter the shorting company (AQR) and does indeed show that PFC is its largest short.

[fuji99] 27/11/2017 07:37

In fact shorts funds reduced shorts in PFC as the 5 most shorted are:
Top 5 most shorted (see all)
CARILLION PLC 16.7%
OCADO GROUP PLC 16.0%
DEBENHAMS PLC 13.9%
WM MORRISON SUPERMARKETS 11.9%
SAINSBURY (J) PLC 11.7%

As I said before some "analysts" have no clue on anything going around.
They just "write something" to earn a living.

[fuji99] 27/11/2017 07:15

Wrong: Check out these few:
hxxps://shorttracker.co.uk/

[cerrito] 26/11/2017 22:20

Sunday Telegraph had an article today on Hedge Funds and said PFC was the largest UK short position of AQR.

[paa65] 24/11/2017 16:19

Down periscope. Seal the hatches.Dive. Dive. Dive.

[woodhawk] 24/11/2017 12:18

Yes. fuji99, that's true. I have already made vastly more trading PFC than I have from dividends. Since changes to the (non-ISA) dividend tax rates, they're no longer quite as appealing as capital gains for me either.

[fuji99] 24/11/2017 10:49

Topazfrenzy - Sorry, yes PFC has a decent yield but the divi is negligible when compared to other rewards.

[woodhawk] 24/11/2017 10:47

The Ex date is not until about 19th April.

[buy curious] 24/11/2017 10:45

When is next divi payout, woodhawk?
Thanks

[paa65] 24/11/2017 10:37

I agree fuji99.
Huge rewards here if and when bid or SFO news comes in.
And smaller rewards on next contract win.
And if I just had one purchase here, I'd be sitting tight.
However, I've bought at various points, all the way down from a purchase at 863 that I made before the May 12th SFO news.
So I'm trading small parts of my holding, as those individual purchases get in to profit and PFC is overbought.
Still have 80% of my peak holding should a bid come in very soon, but think it more likely that in the next few days the price will fall by 5-10%

[woodhawk] 24/11/2017 10:35

Regarding the dividend - the next payout should be the larger one - approx twice was it was last time.

[topazfrenzy] 24/11/2017 10:31

fuji, you forgot to mention the great dividend also while we wait ...

[fuji99] 24/11/2017 10:18

A case to sit tight:
Why regardless of what happens, there will be no upset or any change in sentiments ?
1/ The share price was battered since the SFO investigation was announced so its actual value reflects the extreme SFO outcome.
2/ Because of a possible bid by US and others, PFC will be plagued by a takeover
AS LONG AS it does not deny or confirm the news already in the open.
3/ There will be a feedback from the SFO anytime and the fact that they have already charged individuals is an indication that PFC responsibility is limited.
In conclusion, the share price will regain some ground soon and will adjust in one way or the other and investors have only to sit tight and let the story infold.
This is without mentioning any big contract annouccement which is probably due as the last one was announced on early September. So IMO the PI’s are in a win/win situation thus why I personally hold.

[paa65] 24/11/2017 10:17

Looks to me like this particular rise has peaked now.
So just sold another 10% of my holding at 443.
Wait and see now.
Good luck all.

[fuji99] 24/11/2017 09:37

IMO assuming some action and feedback on either the bid or the SFO or both, may happen next week, it is today that one has to positions him/herself.

[cinquepercento] 24/11/2017 07:58

Please see previous Petrofac takeover rumours dates below here.

Petrofac up on Schlumberger takeover speculation ...
www.arabianoilandgas.com › NEWS
12 Oct 2011 - CEO Ayman Asfari dismisses reports that Petrofac is a takeover target. ... on rumours it has become the target of a Schlumberger takeover pitch.

Published: 00:00 Tuesday 25 November 2014 Share this article 0 HAVE YOUR SAY Shares in Petrofac fell by more than a quarter yesterday after the oilfield services firm slashed its profit guidance, prompting speculation that it could be vulnerable to a

Read more at:



Takeover speculation lifts Petrofac 4.4% as Footsie rebounds sharply

10 Oct 2011 - Petrofac has in the past been rumoured to be a target for peers including Amec and Schlumberger. A more plausible reason for Petrofac's ...

[blackbear] 23/11/2017 19:37

Bailed at 447, I'll be back if it hits 452 confirming a breakout.

[1gw] 23/11/2017 17:56

Disclosed short positions.

AQR reduced again on Tuesday. They're building up quite a head of steam...

AQR disclosed short positions:
4.82% 18th August
4.79% 22nd September
4.69% 12th October
4.57% 20th October
4.48% 2nd November
4.35% 9th November
4.29% 13th November
4.17% 17th November
4.06% 21st November

[fuji99] 23/11/2017 16:26

Very quiet today with low volume.
Action will start tomorrow if any hint for the bid or the SFO feedback is felt
to prepare for next week.
Anticipate high volatility tomorrow then ...