Petrofac Share Discussion Threads

[timmy11] 17/12/2019 15:29

Plc co sold 1m at 4.01

[killman2] 17/12/2019 15:02

...and the shake goes on...

[killman2] 17/12/2019 12:02

bottom and bought more...

[11_percent] 17/12/2019 11:51

380 has been support....lets see if the shorters can get through it...….

[paa65] 17/12/2019 11:50

They did indeed.I dumped a few at 399 shortly before the close - but it was only about 10% of my holding.

[11_percent] 17/12/2019 11:47

So if it gets near 410 today I'll be unloading a few to reduce exposure.

==============

Looks like everyone dumped before the 410 target....

[knowing] 17/12/2019 11:42

Goldman Sachs 17/12
Reiterates
Neutral
Neutral
508.00p

[d1nga] 17/12/2019 09:43

And where are the shares coming from then?
Magic is it? or do you think someone has sold them?

[gozzy88] 17/12/2019 09:37

3 to 1 buys to sells

[paa65] 17/12/2019 09:33

I'm still heavily invested too - so an SFO reprieve would provide a welcome boost.At the moment PFC looks to be in steady decline. Lower revenue and pipeline every time they report.And as for 2020 optimism, here is what they said in the June 2019 update." We continue to maintain excellent client relationships in all of our markets, although new order intake in the year to date reflects our recent challenges in Saudi Arabia and Iraq. Looking forward, the Group has a busy tendering pipeline in other markets with around US$15 billion of bid opportunities due for award in the second half of the year"Presumably they haven't won any of the 15 billion

[timmy11] 17/12/2019 09:18

pfc should go to Boris to tell him to disband sfo

[killman2] 17/12/2019 09:08

is this a market makers move? news is certainly not that bad and prospects look better than previously...once SFO decison comes through - hopefully 2020 - this could fly IMHO...yes I am heavily invested

[fuji99] 17/12/2019 08:23

dendira - Meaning that 2020 will not be better than 2019.

[dendria] 17/12/2019 07:35

TS a mixed bag:

'We expect to report good results for 2019 in line with prior guidance.'

but

'Looking further forward, we continue to expect a decrease in Group revenue in 2020 reflecting low new order intake in recent years.'

[gozzy88] 16/12/2019 13:14

From April last year ??

[paa65] 16/12/2019 13:11

The last two Decembers PFC has issued it's full year pre-close trading update on the 18th and 14th.So I'm expecting it this week.I'm concerned that they've not announced a really big contract win for 9 months now, with backlog and revenue falling.So if it gets near 410 today I'll be unloading a few to reduce exposure.

[11_percent] 16/12/2019 11:32

Making an other run at 410p....lets see if we can get through it and get another spike.

[notimpressed] 16/12/2019 08:04

timmy11 are you having problems with hl account timeout.
my account logs off if no activity within minutes even
though my timeout preference is set set to max- 1 hour

[oohrogerpalmer] 13/12/2019 18:11

Yeah, couldn't log into my AJ Bell account & exactly the same couldn't sell until later in the morning.
Not coincidence but what can us PI's do !!!!

[timmy11] 13/12/2019 16:47

did anyone else have a problem trying to trade when the shares were high
hl were a real problem ,couldnt sell... until share price came back down ...

[killman2] 13/12/2019 08:48

cry havoc, and let slip the dogs of war...

[killman2] 06/12/2019 08:13

well that's 5 years moratorium on their price movement upwards...has the SFO got enough staff...possibly move personnel from the PFC investigation...:-) shorting seems good now...