Petrofac Share Discussion Threads

[boris cobaka] 08/6/2018 12:33

Back under the weekly 10dma although Friday not over yet.

Last weeks bounce back above looked a bit shaky as there was not much supportive volume.
I would say there's a good chance of hitting the weekly 50dma before this is over.

Notimp!

Not very impressive with this tired old cliché -

notimpressed
30 May '18 - 21:14 - 12354 of 12376
can anyone detect the smell of shorts burning in hell

The shorts are smart in as such they'll lower their stops when the price begins to fall . No burning just perhaps a bit less profit. If I feel sorry for them it's because some may have waited until the share price hit the weekly 200dma which never happened.
Gl.

[riviera1069] 08/6/2018 12:00

Drop seems a bit harsh today compared to others in the sector!

[notimpressed] 07/6/2018 08:48

well at least it will stop the shorter's in their tracks

[bouleversee] 07/6/2018 08:46

I heard on the radio that the Stock Exchange hasn't opened yet due to some IT problem.

[1gw] 07/6/2018 08:38

Nothing's happening so far! Still trying to get the lse opening auction underway. UT currently scheduled for 9am I believe.

[notimpressed] 07/6/2018 08:28

hell of a spread this morning, whats occurring??

[notimpressed] 04/6/2018 20:27

we are all broke

[fidgas] 04/6/2018 16:06

Bit quiet today chaps?

[callmebwana] 03/6/2018 14:40

DINGA,I thought most Stock Brokers traded through DMA ( Direct Market Access ).
They pay a one of fee a year £1.7K /1.8K or there about.They have no trading fees or any spread fees to pay. Last time I checked DMA anyone can set it up if they can show they have over £250K in cash in their bank account.

[callmebwana] 03/6/2018 11:14

There was 1 share bought at 16.29 on Friday.
I have never got to the bottom of the 1 share buy! RNS lodged? Signal from a MM to another MM? It is a code, but what? Anyone know the answer?? Perhaps a retired MM could answer the question? Cloak and dagger stuff for sure.

Price of oil?? Well everyone is guessing that. Some say it could go over $100.
Others say it could fall further. Who to believe?? So much for the experts!!
I think PFC will keep marching on. There is going to be a scramble tomorrow morning to get in below £6. I am not selling before £7 and above.
I would love to see the Shorts burning.They distort the price.
O/T.
My Divi bought 2 small caps. AAZ, forecast to give a maiden Divi and into ORM, production starts 3rd Q this year.NAI.DYOR etc.
Apologies in advance re O/T.
GLA.

[notimpressed] 01/6/2018 17:44

decent rise on good volume

[1gw] 01/6/2018 15:57

I've sold some at just under 596p there. My first sale since 1st December, an actual (small) profit for the first time on my average purchase price, and the last of the ones I bought under 450p.

Still holding enough bought at prices up to £14.41 to have a reasonable chance of breaking even overall if the price continues to recover. Plenty of ammunition now to justify further purchases if the price falls back.

[callmebwana] 31/5/2018 14:54

I wonder if the Shorts read notimpressedes post this morning ? LOL this has popped up a bit now !!Short closing?? Algo gone mad?

[piedro] 31/5/2018 12:34

".. if only everyone's contribution was as straightforward and useful as yours!"

Sorry westdean, perhaps I should have posted #12355 on the other thread

[westdean] 31/5/2018 12:30

thankyou wallywoo for the reasons you have enumerated .. if only everyone's contribution was as straightforward and useful as yours!

[wallywoo] 31/5/2018 10:56

If you look at the 10 year chart, the share price graph pattern was very similar to todays. The share price then went on to reach £10 in 6 months (sorry can't figure out how to post my share graph!). Not saying that is going to happen of course, but! Reasons why I like this are:

1) Yield of 5% and IMO likely to increase
2) £605M net debt and falling
3) Balance sheet is solid - no large intangible assets
4) Bidding pipeline is substantial
5) SFO investigation now 1 yr old with no prosecutions yet, so may be relief rally
6) With strengths in middle east and asia, must be a take over target IMO
7) no stamp duty on purchase

[fidgas] 31/5/2018 09:40

I hope they are burning! shorts still at 8.02%

[piedro] 31/5/2018 01:27

FWIW,

Petrofac to support Husky’s project off China

[notimpressed] 30/5/2018 21:14

can anyone detect the smell of shorts burning in hell

[pogue] 30/5/2018 16:40

Brent up well over a $ to $77.11