Petrofac Share Discussion Threads

[charlock] 19/1/2020 11:21

"Petrofac will announce its final results for the year ended 31 December 2019 on Tuesday 25 February 2020."

[mrthomas] 19/1/2020 09:42

Trying to work out when the next results date and would most of you agree the div is safe as if so could be a good time to buy in one never going to get it right all the time

[d1nga] 19/1/2020 09:14

There's bound to be a spike down but I reckon it will bounce back pretty quickly and onwards and upwards once this nonsense is put to bed, just got to get the timing right.

[killman2] 19/1/2020 07:37

i would say at these levels all the bad news for PFC re corruption claims is now in the price, and the only movement now should be upwards...imho.

[wolfhound1] 17/1/2020 18:33

I suspect the SFO will be pressed on the following by the defence -

[cybernest53] 17/1/2020 12:38

killman2.... I don't know about "uplifting" :@:@ but... Unaoil case is next week:

"The trial of Akle, Bond and Whiteley will begin at Southwark Crown Court on 20 January 2020."



I do hope your nick handle doesn't prove to be a bad omen... at least for PFC PI's! ;)

Brave punt for some at this share price level... buy thee dip?? lol :) GLA!

[killman2] 17/1/2020 11:08

is it next week we get to know how uplifting the court cases against PFC may be?

[epo001] 16/1/2020 15:56

Post 14219, another moron filtered.

[pogue] 16/1/2020 13:59

11_percent
what is the chaos in Aberdeen you referred to? I have just heard today its not all plain sailing down here after all and that Wood Group are going to put everyone inside IR35. That is going to be very interesting considering everyone else seems to be going the other way. Maybe time to short Wood Group lol

[1cripes] 16/1/2020 08:45

Not the first renewable contract as the following extract shoes.
“Petrofac has a strong track record in offshore wind, specialising to date in the engineering, procurement, construction, installation and commissioning of HVDC and HVAC offshore and onshore substations for major international wind farms. Recent projects include the BorWin3 offshore grid connection project in the German North Sea, the Hollandse Kust Zuid (HKZ) Alpha and Beta platforms in the Dutch North Sea and a turnkey power system for the Galloper offshore wind farm off the coast of Suffolk.

[pogue] 12/1/2020 14:34

I am sorted regards IR35 have the paper to prove it now! Here in the sunny SE new IR35 compliant contracts have started to be issued at major contractors. First they give out questionnaires which you fill in and submit and your position is worked out. Your manager is supposed to then confirm that answers are honest and reflect how you work but so far in practice they have issued the contracts regardless after the questionnaire has been checked by an outside bunch of accountants. The main changes are substitution clause, with the company withholding the right to reject the candidate offered, no notice period, cuts both ways as there is no handover, and invoices paid one month in arrears a few other tweaks but thats it!
So far I have heard of 2 junior doc controllers found to be inside, they did not have control over the way they worked, but all engineers are passing even with errors in thier answers, guy next to me put in that he had paid overtime which we dont we just have extra hours its not overtime as that indicates you are a staffy. Reality is without contractors the main contractor companies will not be able to do any work so they are having to find a way through.

[killman2] 10/1/2020 15:49

the old IR35 rules were not too good for IT contractors either...killed projects everywhere...government shot itself in the foot then and now looks to take out the other foot...by the way still here invested and awaiting the good news from the SFO...

[pogue] 09/1/2020 07:12

Oh well lesson learnt again, don't assume Trump will carry through on anything he says...

[paa65] 07/1/2020 11:28

Court case against Unaoil coming up soon - 20th Jan 2020. https://www.sfo.gov.uk/cases/unaoil/See the court dates section.I surmise SFO have been waiting to see what emerges in court regarding PFC.Will any Unaoil defendents implicate PFC or PFC staff. Will they plea bargain?Or conversely, will the evidence be thin and the case cancelled by the judge (as some other recent SFO cases). Either way, the outcome of this case should be a price mover for PFC.In the mean time, another billion dollar contract would be most welcome.

[pogue] 05/1/2020 13:41

up
The height is upto the Iranians and how they decide to retaliate, hit Americans in Iraq etc. or hit oil via Straits of Hormuz or drone strikes on Saudi, or hitting US proxies like Israel. All of them have different tariffs. I think hitting the Yanks directly will deliver the biggest price rise as Trump will have to hit them back even harder and that will escalate things to a new level of madness.
I am not adding to my PFC holding I am betting on oil via small producers that have good prospects and management just now instead. That way I get double the growth from oil and their own growth prospects.

[wolfhound1] 05/1/2020 13:24

Any estimates as to where oil price is now headed ?

[killman2] 19/12/2019 11:16

am i too late to buy more...bottom feeders are here...

[mrthomas] 18/12/2019 22:12

Been following this share the balance sheet seems good dividend yeild appears secure from what I can see the two major shareholders presumably want to keep the dividends it is a five-year low so the question is now what price to buy at

[grupo guitarlumber] 18/12/2019 16:40

Berenberg slashes target price for Petrofac on weak order intake ShareCast
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Broker Forecast - Oddo issues a broker note on Petrofac Ltd InvestEgate (Company Announcements)
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Broker Forecast - Societe Generale issues a broker note on Petrofac Ltd InvestEgate (Company Announcements)
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Broker Forecast - Berenberg issues a broker note on Petrofac Ltd InvestEgate (Company Announcements)
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