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Share Name Share Symbol Market Type Share ISIN Share Description
Petrofac Limited LSE:PFC London Ordinary Share GB00B0H2K534 ORD USD0.02
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.90 -0.42% 213.40 213.90 215.60 220.00 211.70 220.00 1,638,743 16:35:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil Equipment Services & Distribution 4,169.8 144.8 16.4 12.2 738

Petrofac Share Discussion Threads

Showing 14326 to 14349 of 14750 messages
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DateSubjectAuthorDiscuss
30/11/2019
11:47
Yup.....exactly what I am thinking...……...however, holding off.....it might go lower this time...….as shorts are increasing......they will want this lower.... Support might not hold this time...….
11_percent
29/11/2019
17:28
Back to the lows again. If I was a trader I might think about buying some more for the up tick!!
warranty
27/11/2019
14:26
Bit of a tight trading range.
11_percent
26/11/2019
18:09
I think PFC can sit on its hands and say nothing for now....i suspect Lufkin may have rolled over on the Unaoil guys, post his admission they also fessed up, coincidence....and as yet he has not been sentenced some 9/10 months later...... some type of plea deal for rolling over perhaps ???
wolfhound1
26/11/2019
13:55
Despite this Barclays has 600p target, says overweight. have none
demo trader
26/11/2019
12:34
There are many things we don't know and I cannot believe the case is that simple I hope it is as I still have a rump holding here but I am not expecting PFC to get off scott free but don't think it will be a massive fine either. If PFC try and stitch up Lufkin as the only guilty man he may decide he has more to tell. Pure supposition off course but that is my gut feel on this as we don't have all the evidence to base a complete answer on and probably never will. Lets see how it plays.
pogue
26/11/2019
10:37
@pogue, I believe there was an attempt to link the former CEO now deceased but that is hearsay in absence of any hard evidence, It doesn"t matter what i believe TBH, what matters is the paper trail and what can be proved (from independent law firm review -no evidence of PFC paying bribes), As it stands Lufkin has pleaded guilty, as have Unaoil, former CEO has passed away .... 3 years have ticked by and nothing new... seems Unaoil case is due Jan 2020 and I suspect that has to wrap up before this can be closed IMHO
wolfhound1
26/11/2019
10:13
warrenty other companies are being investigated FWEL, now part of Wood Group, being one. FWEL probably didn't pay money to the Tory party though, I presume, so not newsworthy of the left wing biased Guardian.
pogue
26/11/2019
08:23
You genuinely think Lufkin was solely to blame? Really? If backed into a corner I suggest he may turn very nasty.
pogue
25/11/2019
23:03
I wonder do Petrofac have a potential lawsuit against Lufkin and Unaoil.... both have pleaded guilty to making bribes and if a law firm couldn't find evidence in Petrofacs accounts then I presume they (Lufkin+ Unaoil in collusion) must have inflated commissions to Unaoil to onward pay bribes... that would give a strong case that they dressed up Unaoil commissions to include the bribe, as Sales director and agent Lufkin and Unaoil could have managed that without the rest of Petrofac being any the wiser and would also have circumvented any internal bribery controls.....
wolfhound1
25/11/2019
20:30
Yes but according to the article Petrofac were only one of 27 company’s believed to have colluded with Unaoil so what about the other 26 and if as the article states, two sets of accounts were involved, where are they and who prepared them? This has been dragging on for ages now and needs resolving one way or the other as apart from the effect on the share price it’s also creating mistrust in some of their markets and reducing future orders.
warranty
25/11/2019
18:25
David Lufkin was Global Head of Sales for Petrofac International Limited. He would not have prepared company accounts He may have provided incorrect information to the accounts dept but they should have picked that up. I suppose Petrofac could say that failure to discover his misdeeds is not a criminal offence,just poor accounting........and where were the auditors.
bracke
25/11/2019
18:12
Maybe that explains how Lufkin did it and kept Petrofac in the dark (probably to hit his sales targets and get a healthy bonus. I.e. he agrees a real commission of say 2%, documents 5% for UnaOil, with commission up front, Unaoil in turn pay bribes of say 3% out of their books - official set say 2% commission, the other 3% sits somewhere in an off shore bank. No wonder the law firm couldn't find any evidence, nor would that show up in Petrofac a/c ..... all the dirty deeds sit in Unaoil double set of books...... If that transpires to be the case and the journalists know that and haven't declared same - they should be sued by investors for price manipulation regardless of wherher they invested or not in the stock....... wouldnt be the first time there was a "blue horse shoe"
wolfhound1
25/11/2019
15:45
Cerrito - hTtps://www.sharecast.com/news/news-and-announcements/petrofac-accused-of-keeping-fake-accounts-to-cover-bribes---report--7133571.html
fuji99
25/11/2019
14:13
Was the Petrofac executive the Finance Director or similar? If not how could a double set of books have got past the senior finance personnel?
bracke
25/11/2019
13:47
from the grauniad article "The US prosecutors said the Ahsani brothers took steps to conceal the alleged bribes and coordinated with an executive of the firm that has been identified as Petrofac to maintain a double set of books and records to disguise the payments as legitimate transactions. The Petrofac executive left the firm some years ago." I would read that as a rogue operator freelancing on their own without the company sanctioning or being aware.
notimpressed
25/11/2019
09:04
I am not clear what was new in the Guardian article ad concerns PFC,. Have I missed something?
cerrito
25/11/2019
08:51
they have to show proof..otherwise they are manipulating the market!!
timmy11
25/11/2019
08:28
Looks to have been an early buying opportunity thanks to The Guardian's current agenda to tar Tory donors with corruption.
edmondj
25/11/2019
08:08
strewth...no smoking gun there...
killman2
24/11/2019
18:49
Don't think this is going to help tomorrow!!! https://www.theguardian.com/business/2019/nov/24/petrofac-accused-of-keeping-fake-accounts-to-disguise-bribes
oohrogerpalmer
21/11/2019
07:43
Thanks for the information,Notimipressed and timmy11
cinquepercento
20/11/2019
20:22
Oil Jumps 3% as Bulls Rejoice Over Smaller Crude Build Commodities1 hour ago (Nov 20, 2019 02:04PM ET)
timmy11
20/11/2019
16:17
declared shorts around 3.65% engadine increased slightly on 5 nov
notimpressed
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