Petrofac Share Discussion Threads

[vk74] 09/2/2018 10:26

Sorry 413.8

[vk74] 09/2/2018 10:26

Priced on 313.8

[vk74] 09/2/2018 10:25

I got another 20k

[penycae] 09/2/2018 10:25

Depends on the Shermans.

[notimpressed] 09/2/2018 09:59

guess,, day low 385p

[notimpressed] 09/2/2018 09:03

dow premarket currently up 149 points
brent up 10 cents

[fuji99] 09/2/2018 09:01

citytrader - This could happen in the afternoon after the DOW opens because the correction is not going to carry on forever in a non-stop mode. We are in a healthy economy with corrections occurring from time time in the markets. Basically the market trend will be in "an ascending yoyo mode" for a while until economic fundamentals start to falter - in 2/3 years.

[citytrader66] 09/2/2018 08:39

if this breaks 431p shorts will be on fire! got back in yesterday at the lows. gla

[ny boy] 08/2/2018 22:14

Clearly the correction is not over yet in the US, maybe another 5% downside approx

1000pt drop on the Dow is somewhat worrying I will just watch tomorrow, Fridays rarely a buying day, even if we hit 400p here.

Will sit on the sidelines to see what levels the correction ends at.

Certainly a major contract win would help

[lodgeview] 08/2/2018 21:17

Dow down 3.6%

[lodgeview] 08/2/2018 21:09

Ah sod it I'm gonna pull myself off tonight. I'll feel better after that.

[rbonnier] 08/2/2018 20:58

DOW now going for minus 9 centuries! !

[rbonnier] 08/2/2018 20:54

DOW heading for minus 7 centuries full combat kit needed for this tomorrow!

[bargainbob] 08/2/2018 20:36

£4 tomorrow on the cards.

[vk74] 08/2/2018 20:15

Yes they do and also the create opportunities for us to buy cheap.I just hope this company is not going to go bust.. Ok to put my mind at rest who has got an idea about the real fundamentals of this company?I would like some real numbers please. I admit I am not good reading fundamentals

[cinquepercento] 08/2/2018 19:48

Scooper: Re:trading up and down:

I was doing nicely trading the daily up and down 4 or 5 points zig -zags ( I call them ) and getting out each day with a modest profit.

Then the daily up and down movements started getting less frequent and less profitable with less volume as more and more people were holding for the big 600 plus. ( my perception of the situation).

So I started holding and waiting two or three days for the next decent rise to get out but I got caught out by the drop.

I am holding and buying it in small amounts every 15 to 25 points drop,until I can see the bottom.

[woodhawk] 08/2/2018 19:32

BTW the Wood Group made their bid for AMFW just prior to the latter publishing their then latest results. I note that PFC are publishing their full year results in 3 weeks time ;-)

[woodhawk] 08/2/2018 19:22

WJ,

Being a cynic, you could say that a low ball offer might be considered better than no offer at all? However, I do not believe that's the case. What I do believe is the lower the share price goes, the more likely a hostile bid (i.e. not manipulated). An SFO investigation didn't stop WG taking over AMFW - both also under investigation and it wouldn't stop a takeover of PFC by, say, Schlumberger, Halliburton or the unnamed middle Eastern suitor previously mentioned.

[lodgeview] 08/2/2018 19:05

Guys is this going bust? Worried like mad here.

[w1ndjammer] 08/2/2018 18:56

wolf

you were talking about the SFO rns being put out to manipulate a low ball offer

how exactly does that fit in with the CEO holding 17.5% of the Company ?

WJ.

[vk74] 08/2/2018 18:43

I don't think is going bust but come on... Why so much of a drop.. It's like more really bad news are coming. BTW I am heavily invested into this. So I will have a smiley face when this going above 450. I have been burnt before on companies with such a sudden drop..

[lodgeview] 08/2/2018 18:26

Go bust? Oh ffs. You really think so? Averaged down today as well. I am starting to think the stock market isn't for me ffs!

[eodfire] 08/2/2018 18:26

Don't make me laugh.