Petrofac Share Discussion Threads

[highly geared] 06/3/2019 11:02

May take a breather around 450p but medium term(2 years) this is simply priced wrong regardless of ‘mid case’ SFO outcome.

[killman2] 06/3/2019 08:42

no stopping share price till pre-SFO accouncement level hit...2 weeks at 550p..imo :-)

[wolfhound1] 06/3/2019 08:04

Thanks pogue

[pogue] 06/3/2019 07:18

wolfhound
PoO = $65.5
PFC share Price £4.60
((70-65.5)/65.5 * £4.60) + £4.60 = £4.91 at a rough estimate

Edit
corrected error, pre coffee calcs never work.

[wolfhound1] 05/3/2019 17:57

I saw speculation that oil could go to $70 soon, if it does ( I have no way of knowing if it will or wont) where do we think PFC share price could go to ?

Any thoughts/analysis worth sharing ?

[wardy333] 05/3/2019 17:04

N/Y yes them and all . expecting £4.70p tomorrow and I will close a few trades.

[ny boy] 05/3/2019 16:55

wards, presumably you are referring to many of the AIM companies management 😂

[ny boy] 05/3/2019 16:53

Cinq

Well the evidence is there, another firm close well above 445p support, it won’t be a straight line to 558p, the next resistance level but that is the next target for the bulls, best just sit back and enjoy, if you did your shopping early!

[cinquepercento] 05/3/2019 15:59

Meanwhile,Petrofac is coming along nicely.

I wonder if we will see 500 this week or if there will be a fall back.

[knowing] 05/3/2019 12:50

Never thought we were on AIM

[wattene] 05/3/2019 11:40

Government Petition to Ban shorting of London AIM stocks.

The AIM stock market is where smaller companies list their shares rather than using the prohibitively expensive main London Stock Market. This is an important market for the growth of smaller UK companies.

In challenging times, shorters seek to borrow the company's shares from a holder for a consideration and to buy them at a later date. They immediately sell these shares which, due to the relative illiquid market, sends the price much lower and hence the shorters can buy them at that lower price - pocketing the difference. The only beneficiaries are the shorters and the market makers with the losers being the reputable company and it's bona fide investors.

[ny boy] 05/3/2019 11:03

Support 445p holds again, as long as this level holds, it opens up a run up,over the medium term to 558p resistance

[fuji99] 05/3/2019 10:40

Passing a message regarding shorting:
A poster on the Optibiotix board sent through this petition. I think that it's worthwhile for a many folks to sign it as possible,as it relates to all AIM stocks. Here is a fresh petition to ban shorting of London AIM stocks. It only takes a few seconds to sign and needs a minimum of 10,000 signatures to get noticed, so please pass it on to any other interested parties.

[wardy333] 05/3/2019 10:25

A/Ts not wanting this over £4.50p it seems, will have to let it go soon.

[garycook] 05/3/2019 02:28

Looking at PFC under its USA OTC Market ticker POFCF up 8% last night to 6.10.Year high of 8.95,making upside of 46% from our 448.90p to 655p.Sounds familar seeing I sold at 659p on 02/10/2018.But PFC also as a US ticker of POFCY on Nasdaq which was up 2.11% to 2.91 with a 52 week high of 4.48 which by my Maths is a possible 54% rise from here.Making a target of 690p. Interesting which makes between the 2 prices 672p.IMHO thats where PFC will be around with the SFO sorted.HSBC as a 665p PT on PFC!DYOR

[knowing] 04/3/2019 16:22

Gawd this is bullish

[ammu12] 04/3/2019 16:06

445 resistance broken

[fuji99] 04/3/2019 15:44

Gary - You may be right. Added today too.

[11_percent] 04/3/2019 12:51

444.2...…̷0;……R30;…...yep, that 445 is proving hard to break.

However, there is a gap at 550-520.....lets see.

[garycook] 04/3/2019 10:00

Purchased 8,400 shares today at 444p.Will be a bargain in due course.Cheap as chips atm

[wardy333] 04/3/2019 09:59

£4.45p resistance but once through that should be nearer £5.00p

[ny boy] 04/3/2019 09:39

A close above 445p would be bullish, opens up a medium term move to 558p the next resistance level.