Petrofac Share Discussion Threads

[woodhawk] 02/3/2018 15:17

Don't be a complete fool, bouleversee - whatever a handful of traders do here will make no difference whatsoever.

[bouleversee] 02/3/2018 15:08

The price will never continue to go up while you lot sell whenever it makes you a few quid and drive the price down again. Lemmings spring to mind. This invites an opportunistic bid at a price much lower than the true value imo.

[banksy] 02/3/2018 15:00

Dow and fuse tanking giving the traders an easy day out.

[fishking1] 02/3/2018 14:49

Sold half 473p yesterday. Topping with 420 again. Either way I'm in good position.

[vk74] 02/3/2018 14:49

Sorry but I did. Look up and the time stamp.

[lodgeview] 02/3/2018 14:39

You would all have more credibility if you would have announced closing your long positions before the fall.

[woodhawk] 02/3/2018 14:36

Well played Gary. Also closed my longs. Thanks for the WPP tip yesterday - can't believe its resilience in current climate - but closed longs there too.

[vk74] 02/3/2018 14:33

420 could be today...

[garycook] 02/3/2018 13:52

Sold half my holding in PFC at 460p.I will also buy back in around 420p

[fishking1] 02/3/2018 13:32

What the f. Criminals.

[ny boy] 02/3/2018 13:14

Quite volatile since results, will wait for matters to settle down. Bull/bear jostling going on.

[vk74] 02/3/2018 13:09

5‰ yes let's see. I had a £9k profit so I did not want to risk it. Profit is a profit.I always sell my whole holdings but I usually buy in smaller chunks.I will be in again below 420

[wolfhound1] 02/3/2018 13:04

With CEO firmly back behind his desk I suspect there is a log-jam of RNS about to break, folks were probably waiting for his return before signing up - now he is back and SFO are ok about that then it is a green signal to do deals again - pent up flow should see a nice steady stream of RNS in the short term - CEO just needs to start doing some "smiling and dialling" - market knows that too which is why share price has bounced and possibly speculation of a bid in the offing given short tenure of COO

as for shorters - don't worry folks - we have seen before that many hedge funds have many avenues open to them to hold offsetting long positions - they excel at keeping you guessing - for anyone unsure - have a look at PAYS there were "reported" short over 5% whilst a takeover was being hammered out - that miraculously closed just before the deal was announced - go figure - it is all smoke and mirrors

[ny boy] 02/3/2018 12:46

Certainly you have to take this bounce back seriously, a close or two above 460p could determine a breakout is imminent.

I am watching closely but have already missed several opportunities, it’s ok,as I am more into trading buys once a new direction is confirmed. The broker upgrades etc are also supportive, what is missing is still fresh contract wins, maybe the market is anticipating these.

[velvetide] 02/3/2018 12:43

Perhaps in SFO enquiries, if the most senior staff are exonerated, then it becomes more an investigation into adequacy of internal controls as to whether it is the corporation that is penalised?
Perhaps control weaknesses are treated differently ?

[blackbear] 02/3/2018 12:43

1600p 5 years ago, is there anyway we can get back to that level?

[bouleversee] 02/3/2018 12:39

We'll be keeping our mouths shut till the SFO have given their judgement as we don't want to prejudice our case.

[lodgeview] 02/3/2018 12:37

Time to sell IMO.

[cinquepercento] 02/3/2018 12:34

"/we have no more news for you on the matter at present?"

[firtashia] 02/3/2018 12:33

Some speculation on the BB this morning about the SFO investigation. Would welcome people's interpretation of this sentence, taken from the RNS dated 5th Feb.

"We also do not anticipate providing further updates on this matter"

[cinquepercento] 02/3/2018 12:26

You can see the tug of war going on between the shorters and the traders to push this up or down. :-)

[cinquepercento] 02/3/2018 12:21

VK74,

460 resistance tested again and holding so far so decision time for share again.
456 just now with the upward trend.
It has to turn back up now to have another go at 460 and above so we will know soon if it is turning back down for certain.
My thoughts only.