Petrofac Share Discussion Threads

[cinquepercento] 26/1/2018 21:43

Callmebwana,

Very good,

I am not hoping for 500 but I am prepared for it.

Have a nice weekend,

[callmebwana] 26/1/2018 17:00

LOL Mr 5%. You keep hoping for 500. More likely an upward movement I hope from £5.40.
Just checked the chart for you Mr 5%. There is a doji at the bottom. Means price going up on Monday.
But then again this share does not always follow the rules !!
Have a good weekend all. Nothing has changed here for PFC.Just the Shorts worried. DYOR.
GLA.

[callmebwana] 26/1/2018 15:07

Fuji99,
I don't much like it when people just come out with a support or resistance point out of fresh air.
Been doing T/A for many years. You sold out early and now want to get in cheap ?? LOL.
Yes this will get to £6 and above in February some time.
The Golden Cross is about to form in 9/10 days time, check the Chart !! DYOR.

Fuji just for your information, Next resistance is @£5.87 and the one after is@ £6.85.
Good support now @£5.40.The S/P has bounced off 3/4 times of £5.40 today. I have just checked the Chart.
GLA.

[fuji99] 26/1/2018 14:39

callmebwana - This is good news as shorts are reducing.
The share price could probably break the £6 level.
Initially the 520p was deduced from the chart where this looked as a base (in early January).
But again, any short closure is a very positive sign indeed.
As you say 540p is a good resistance level and I am in fact a buyer as it is demonstrated a few times at 540p. Add a possibility of news; so the next level will be £6+.

[callmebwana] 26/1/2018 11:31

AQR reduced again now at 2.89 % Short. Total Shorts now showing at 6.82 %.
Don't forget,the more shares the Shorts sell to bring the price down the more share they will have to buy to clear off.

Fuji, there is resistance at £5.40 as well.What makes you think this will go down to £5.20??

Just checked AQR reduced on the 23rd of Jan. That is the day the S/P shot up above £5.80.
Just have to wait and see when they close larger amounts of Shorts.

[binarypilot] 26/1/2018 11:25

Think some big Directors buys here would be helpful.
Amongst other things.

The company could be a bit more proactive in whipping this share price back where it belongs, I think.

[fuji99] 26/1/2018 10:59

A healthy retracement with resistance at 520p.

[buy curious] 24/1/2018 21:09

There we go guys Brent at 70.84 as I type.

A significant psychological barrier has been breached.

.

[notimpressed] 24/1/2018 19:10

shorts at 14.39%

hxxp://www.shortics.com/snapshot.php?company=PETROFAC%20LTD

[callmebwana] 24/1/2018 17:52

Well !! The Shorts have started to reduce. Now PFC showing 6.88% Total Shorts.

I bet they brought the price down to buy some more shares to reduce their Short positions. They have started to run for the hills now.I suspect a big buy tomorrow.
I also bet they know about the big RNS due in February.

SFO fine could be around £300 Million if that. More like a NDA deal with the SFO.
It was the Shorters and their mates throwing the £1 Billion fine figure around.
Well it wiped about £1.5 Billion off PFC's share price value !!
So, what is there not to like about PFC ? :o)
GLA.

[wad collector] 24/1/2018 17:23

I guess that RNS does remind the market that there is still an SFO shadow cast over PFC. Just in case it had forgotten.

[jswjsw] 24/1/2018 17:03

boule. -
If Brent stays or rises, PFC will continue to rise to a fair level.
So what is that?
Even now, we're discounting a scenario about three times worse than the worst possible SFO court case outcome. PFC fell from around 850 to 350, which allowed for a 1.5bn fine. The maximum this could be is now believed to be 300m. ergo we should be back around 750.
Who says we're in a bull market!?
j

[callmebwana] 24/1/2018 16:54

Boueversee, It is healthy for shares to fall back and consolidate, they build a new floor as well.There is nothing to worry about.
Today's RNS was nothing to do with PFC or SFO.
Just some of the dirt being removed that was thrown at Asfari.

[oohrogerpalmer] 24/1/2018 16:08

Shares never go up in a straight line, even with a continuous supply of goods news it will take a breather! !

[bouleversee] 24/1/2018 15:27

I will never understand the stockmarket. Why on earth has the share price dropped? I thought it would only go up from here unless the enquiry went against PFC.

[binarypilot] 24/1/2018 13:55

Meanwhile away from the High Court another battle rages....

Brent trying to finish above 70GBP.


A monumental struggle.
So close now.

[bouleversee] 24/1/2018 11:36

Thanks, binarypilot. I thought that must be what it was.

[bouleversee] 24/1/2018 11:34

What's the shorting situation now? I'm surprised the share price isn't up more

[binarypilot] 24/1/2018 11:33

This is a separate issue related only to him from the Italian FSA.

Seems they have not followed correct procedures as he stated from the outset, and Uk High Court agrees with him.

This has nothing to do with SFO investigation into PFC.

[callmebwana] 24/1/2018 11:30

Asfari, Innocent !! RNS out.
There will be ups and downs, but higher ups then downs. :o)

[bouleversee] 24/1/2018 11:30

So does that mean that the company is off the hook or just Asfari?

[binarypilot] 24/1/2018 11:17

Seems good but price dipping