Petrofac Share Discussion Threads

[lodgeview] 09/2/2018 18:51

Dow plummeting again.

[bouleversee] 09/2/2018 18:39

LOL. Just wondering what I can sell. Most of my assets have seen better days. Thank goodness it's the weekend. I'm sick to death of the stockmarket. I haven't sold anything but my paper losses are quite considerable. However, I can still afford a g&t so cheers!

[cinquepercento] 09/2/2018 18:29

WIndjammer,Bouleversee, MJ19 and others:

Yes,it will be interesting to see how low this share goes and how long before it bounces up a good bit.

I ran out of money chasing this share down and I have had to sell three of my children to get some more funds.

Don't worry.

I have 5 more of them and it is a lot quieter around the house now. :-)

[rbonnier] 09/2/2018 18:11

DOW minus 4 centuries again !!!

[mj19] 09/2/2018 18:02

Petrofac said that asset management company BlackRock Inc has reduced its 5.0% stake in the company to below the 5% notifiable threshold.

[bouleversee] 09/2/2018 16:56

Looks like Blackrock has reduced its holding.

[w1ndjammer] 09/2/2018 16:05

had some on the spreads, but keeping my powder dry in the ISA

WJ.

[cinquepercento] 09/2/2018 15:47

Bought some at 407.50 or so.

Are we going to get the magic 400 today or not?

[wolfhound1] 09/2/2018 15:22

NY boy - highly probable IMHO - saw something broadly similar over on PAYS just prior to a bid - share price was pushed down, shorters closed and bam - bid appears. The CEO holds 17% but would need 25% to block any hostile bid.

[linton5] 09/2/2018 15:02

Greg peck you demon multiugramper shame on you,all respect lost

[ny boy] 09/2/2018 15:01

Spoke to my business associate again, he reckons MM’s are playing games from 560p + to 408p, falls over done buy here and sell 460p resistance, but retain a core holding, then buy the pull back again to 435p, then hold long term. Buyers coming in for a bid around 500/550p after the SFO investigation is compete, two major US buyers are interested.

I bought more @ 411p

[gregpeck7] 09/2/2018 14:52

Cannot even buy a single share over at Jkx.. these Ukraine and Russian oilers are bagging like mad this year, Uen x 1, Rpt x 3, Jkx x 0.5.....

[beaubleep] 09/2/2018 14:15

What a difference a couple of weeks makes. 2 weeks ago I was laying round a pool in Kenya wondering whether or not to sell at a 4% profit after a couple of days. I didn't Today I'm in the U.K. freezing my nuts off not even daring to look at my current (paper) loss. Life sucks sometimes.

[ch1ck] 09/2/2018 13:30

It better be I have just bought in. It may hit 400 but I think we will see a rebound next week.

[vk74] 09/2/2018 13:20

Is that the buttom? Looks like it.. I hope it is

[midasx] 09/2/2018 11:36

And in the case of PFC ably assisted by the BOD releasing a pointless self inflicted RNS.

[midasx] 09/2/2018 11:29

The good old stock market is not far removed from Bitcoin!

This time last week everything doing just fine and we are living a "Goldilocks" scenario.

Then the yanks decide to press the sell button and the rest of the world follows suit!

Algorithms feeding algorithms and the big boys were set up for it at PI's expense!

[ny boy] 09/2/2018 11:18

Midas, I don’t go to pubs my friend.

But I put my money where my mouth is, everyone should do their own research and either watch or invest according to their means, right off out have a good day. I see value around the £4ish Level

[midasx] 09/2/2018 11:13

Was it a bloke down the pub that told you NY Boy?

[ny boy] 09/2/2018 11:05

Lodge, if what you say is factual, I would suggest you shouldn’t invest, you worry or panic sell too easily!

If romours are correct, it may of accounted for this morning’s fast run up to 427p

[lodgeview] 09/2/2018 11:02

Not sure what the hell is happening here. Very, very concerned.

[ny boy] 09/2/2018 10:54

I bought 5000 not even showing, those pesky MM’ers, only bought, as I heard from a business associate that SFO investigation may fizzle out soon as may not be that damaging and the share price is being manipulated for a large buyer.

We will see, the markets are full of whispers & rumours but enough for me to come back in at a much lower price than I sold (505p)

[penycae] 09/2/2018 10:45

Have a look at any FTSE 100 hardcore holding, then compare the chart to Just Eat. I think we're going mad.

[penycae] 09/2/2018 10:40

AQR, AKO and Blackrock all appear to be reducing, so this can't be explained as a short attack, unless there are some undisclosed positions flying around. I sold close to the high (under six quid), and have bought back a couple of positions at 459 and 438. Not looking to add at the moment, as everything I own is presently in the red - some quality companies too. I think we're just being led by the nose, as usual.