Petrofac Share Discussion Threads

[oohrogerpalmer] 27/2/2018 15:56

Seem to remember there was quite a bit of takeover talk on here not so long back.
That's gone quiet!!!

[ny boy] 27/2/2018 14:50

Well that’s my trading done since 400p, 5 x £20k trades done, 460p resistance hit, I will call it a day on the trading side until results are out and digested, keep the core holding, hopefully some good cheer in the results but not going to second guess them.

Has proved a great trading stock to date, I will leave that for the next man for now.

Right off to find another trade, they are getting harder to find though, you need decent volume and good upward momentum.

Research, reasearch!

[binarypilot] 27/2/2018 14:36

Agree.

The silence is deafnening regarding contract wins.

Very worrying.

[husbod] 27/2/2018 14:33

Meant to add: and there have been no big contract wins announced since the FCA arrived on the scene.

[husbod] 27/2/2018 14:32

Better to travel up to results than arrive? Hopefully not but the most important thing from the results is to see whether the FCA investigation has impacted on contract wins.

[cinquepercento] 27/2/2018 14:00

Bouleversee,

Re:Fish King,and Povident Financial.
Je faisais une plaisanterie,c'est tout.

You have to understand FishKing's excitement.

The share went up about 70% this morning last time I looked,so anybody holding it will be over the moon.

It just jumps out at you when you scan down the Advfn monitor listings.

The internet in my area has been down for two weeks or so with only occasional access, so it is good to come here and see that Petrofac is looking fairly positive for the time being.

[fishking1] 27/2/2018 12:27

Don't get me wrong I'm long time older but just worry about that fca that's all. I was thinking maybe company should come to negotiation and close the case.

[bouleversee] 27/2/2018 11:19

Apologies for not being bright enough to spot the connection but I did say "please" and he didn't mention any increase in share price of which I was unaware, not being a holder Tbh when I first glanced at it, I didn't notice the heading and I thought PFC was going to have a rights issue till I read to the end, which gave me a nasty shock, hence my reaction. I thought it was just another plug for a different company as happens here from time to time and which I find annoying. I shall revert to diplomatic mode.

[cinquepercento] 27/2/2018 10:50

Bouleversee,
Re:Fishking: Provident Financial.
What has come over you this morning? :-)
You are not your usual diplomatic,polite self.

New York Boy: re:testing resistance at 460,very interesting!

Looking at the chart from 24th January,I see 460 as just within the overall downward trend so it is a turning point one way or another.

I see this turning back down to test the 400 support again unless heads on up past 460 and breaks out.

I don't see it just hanging around at 460,so up past it, or down to 404 or so.

The above is just my take and thoughts on the chart at the moment.
Yours humbly, 5%. :-)

[lodgeview] 27/2/2018 10:37

I think he was alluding to the FCA closing the case and the effect it has had on their share price FWIW I think the shorts are covering ahead of results!

[bouleversee] 27/2/2018 10:34

What has that got to do with Petrofac. Please clear off to the correct board.

[fishking1] 27/2/2018 10:03

PROVIDENT FINANCIAL PLC27 February 201817 for 24 fully underwritten GBP331 million Rights Issue and settlement of the FCA's investigation into Vanquis Bank's Repayment Option Plan.

[ny boy] 27/2/2018 10:02

Heading to test 460p resistance, reckon they park it there just before the results

[wisteria2] 27/2/2018 09:32

Maybe, or just the appreciating price of oil with growth expected in the major economy's.. Still under water myself, but have traded in and out quite successively of late so by reducing my entry price.

[scooper72] 27/2/2018 08:57

Good movement upwards. Is this because people are expecting good things on results day coming up?

[scooper72] 26/2/2018 17:14

I was tempted just to trade all my £17k holding that was up about 5 percent to 18k - but in the end I thought I better just hold on. What with another £2.4k holding bought at 443p always find the trading decisions or simply the selling decisions sometimes harder than the but decision.

[ny boy] 26/2/2018 15:02

I am out of my trade, keeping the core and looking forward to some decent results.

[ny boy] 26/2/2018 14:27

Linton5 It’s an old resistance I had from various trading charts, not a significant one, those are at 400p (successfully tested) & 460p

GL, keeping my core holding and trading £20k lumps for pocket munch

[linton5] 26/2/2018 12:02

We’re do you get 435 resistance ny coz I’ve got it at 442.7,go to pfc technical analysis and click 4traders

[ny boy] 26/2/2018 11:58

Yep 3rd time should get us thru 435p, contract news in the results will be fab, i’m Sure something brewing ..as buying interest has been strong since 400p test

[linton5] 23/2/2018 19:56

Breakout delayed till Monday morning chappoos

[ny boy] 23/2/2018 13:49

First try, usually fails next one should work, a close above 430p will be important when it arrives, no rush, results 01 March, be nice to get a contract win booster!

[fishking1] 23/2/2018 13:30

And breakdown fallowed.

[ny boy] 23/2/2018 12:28

Breakout started

[ny boy] 23/2/2018 11:42

Once again trying to break 430p, patience required here. If it wasn’t for MS this morning we would already be above 430p